SKANDA INFRA PROJECTS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of\nthe I.T.Act. The books of accounts maintained by the assessee are therefore\nrejected.\n8.1. Having rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n8.2. The assessee during the course of search proceedings as well as assessment\nproceedings accepted that

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE - 2(3), HYDERABAD

section 145(3) of the Act. \n7. In response to the showcause notice dated 20.06.2023, the assessee has \nfurnished a reply on 23.06.2023 through mail, which is reproduced as under : \n“Gist of the case \n1. In response to the Show Cause Notice dt. 12.05.2023, a detailed reply \ndt. 20.05.2023 explaining the relevant facts and circumstances of the case \nwas

SKANDHANSHI INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of\nthe I.T.Act. The books of accounts maintained by the assessee are therefore\nrejected.\n\n8. 1. Having rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n8. 2. The assessee during the course of search proceedings as well as assessment

SKANDA INFRA PROJECTS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of\nthe I.T.Act. The books of accounts maintained by the assessee are therefore\nrejected.\nHaving rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n8.2 The assessee during the course of search proceedings as well as assessment\nproceedings accepted that

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE - 2(3), HYDERABAD

section 145(3) of\nthe I.Act. The books of accounts maintained by the assessee are therefore\nrejected.\nHaving rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n8. 1. The assessee during the course of search proceedings as well as assessment\nproceedings accepted that

SKANDA INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

145(3) are reproduced hereunder:\n“Where the Assessing Officer is not satisfied about the correctness or\ncompleteness of the accounts of the assessee, or where the method\naccounting provided in section-section (1) [ has not been regularly followed by\nthe assessee, or income has not been computed in accordance with the\nstandards notified under section (2) ] the Assessing Officer

SKANDHANSHI INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

145(3) are reproduced hereunder:\n“Where the Assessing Officer is not satisfied about the correctness or\ncompleteness of the accounts of the assessee, or where the method\naccounting provided in section-section (1) [ has not been regularly followed by\nthe assessee, or income has not been computed in accordance with the\nstandards notified under section (2) ] the Assessing Officer

ACIT., CENTRAL CIRCLE-2(3), HYDERABAD vs. SKANDHANSHI INFRA PROJECTS INDIA PVT. LTD., BANGALORE

section 145(3) of the I.T.Act. The books of accounts maintained by the assessee are therefore rejected.\n\nHaving rejected the books, the income of the assessee is required to be estimated based on the material available on record as per the following findings.\n\n8.2 The assessee during the course of search proceedings as well as assessment proceedings accepted

MADHUCON PROJECTS LTD, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

Bench: Shri R.K. Panda & Shri Laliet Kumar

145 of the Act. 12. The assessee has relied upon case-law of the Hyderabad Tribunal in the case of BHAGYANAGAR CONSTRUCTION (P) 124) VS INCOME TAX OFFICER vide 1993 (046) ITD-0236-THYD dated 12.04.1993 where in it was held that “in case of a building contractor, the revenue need not wait till the completion of the tract

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3, HYDERABAD, HYDERABAD

Bench: Shri R.K. Panda & Shri Laliet Kumar

145 of the Act. 12. The assessee has relied upon case-law of the Hyderabad Tribunal in the case of BHAGYANAGAR CONSTRUCTION (P) 124) VS INCOME TAX OFFICER vide 1993 (046) ITD-0236-THYD dated 12.04.1993 where in it was held that “in case of a building contractor, the revenue need not wait till the completion of the tract

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3, HYDERABAD, HYDERABAD

Bench: Shri R.K. Panda & Shri Laliet Kumar

145 of the Act. 12. The assessee has relied upon case-law of the Hyderabad Tribunal in the case of BHAGYANAGAR CONSTRUCTION (P) 124) VS INCOME TAX OFFICER vide 1993 (046) ITD-0236-THYD dated 12.04.1993 where in it was held that “in case of a building contractor, the revenue need not wait till the completion of the tract

SKANDHANSHI INFRA PROJECTS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of\nthe I.T.Act. The books of accounts maintained by the assessee are therefore\nrejected.\n\nHaving rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n\n8. 1. The assessee during the course of search proceedings as well as assessment\nproceedings

SURESH KUMAR REDDY KRISHNAPURAM,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of the I.T.Act. The books of accounts maintained by the assessee are therefore rejected.\n\nHaving rejecting the books, the income of the assessee is required to be estimated based on the material available on record as per the following findings.\n\n8. 2. The assessee during the course of search proceedings as well as assessment proceedings

SKANDA INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

145(3) of the Income-tax Act to reject the books of accounts.\nThe rejection of the appellant's books of accounts is therefore\nupheld, and Ground of Appeal No. 7 is accordingly dismissed.\n6.7 In Ground no. 8, the appellant has contended that the Assessing Officer\nselectively relied on the seized material by recognizing entries related to\nreceipts while

SKANDHANSHI INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of\nthe I.T.Act. The books of accounts maintained by the assessee are therefore\nrejected.\n\nHaving rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n\n8. 2. The assessee during the course of search proceedings as well as assessment\nproceedings

ACIT., CENTRAL CIRCLE-2(3), HYDERABAD vs. SKANDHANSHI INFRA PROJECTS INDIA PVT. LTD., BANGALORE

145(3) are reproduced hereunder :\n“Where the Assessing Officer is not satisfied about the correctness or\ncompleteness of the accounts of the assessee, or where the method\naccounting provided in section-section (1) [ has not been regularly followed by\nthe assessee or income has not been computed in accordance with the\nstatutes notified under section (2)] the Assessing Officer

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of\nthe I.T.Act. The books of accounts maintained by the assessee are therefore\nrejected.\n\n8. 1. Having rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n\n8. 2. The assessee during the course of search proceedings as well