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)
145A,
145B etc. There is no provision in the Act to exclude the MTM gain recognised in the statement of profit and loss on accrual basis in accordance with accounting principles regularly followed by the company. The acceptance of companies incorrect claim resulted in short accounting of income under normal provisions.
(iv) On scrutiny of the assessment records
