M/S.KALYAN JEWELLERS INDIA LTD,THRISSUR vs. THE ACIT, THRISSUR
In the result, the appeal filed by the assessee is dismissed
ITA 744/COCH/2019[2015-16]Status: DisposedITAT Cochin14 Sept 2022AY 2015-16
Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2015-16
For Appellant: Shri Shaji Sreejith, A.RFor Respondent: Smt. J.M. Jamuna Devi, Sr. DR
Section 143(3)Section 145(1)Section 263Section 5(1)Section 80GSection 80G(4)
1) income chargeable under the head "Profits and Gains of business or profession" or "Income from other sources"
shall, subject to the provisions of sub-section(2), be computed in accordance with either cash or mercantile system of accounting regularly employed by the assessee. A, per ruling of Apex Court in several cases, profits for income tax purposes
