SHREE AURO IRON LIMITED ,JAIPUR vs. PRINCIPAL COMMISSIONER OF INCOME TAX-I, JAIPUR

In the result, this appeal of the assessee is allowed

145A but inthe ITR of the\nassessee, this column is left blank, which shows that effect of Rs.2,51,93,726/- has\nnot been considered by the assessee in ITR”\nLd. PCIT has mistaken belief that omission to mention the effect of change in the\nprofit/loss has resulted in underreporting of the income. Part-A-Other\ninformation section

INCOME TAX OFFICER, WARD-1-1, KOTA vs. SHRI CHANDI RAM, KOTA

In the result, appeal of the revenue is dismissed

Bench: SHRI SANDEEP GOSAIN (Judicial Member), SHRI RATHOD KAMLESH JAYANTBHAI (Accountant Member)

section 145A(b) of the Act. The assessee has capitalized the entire interest receipts in his original ITR and since it was escaped the assessment the reopening proceeding initiated against the assessee. The assessee furnished the details of the legal expenses of Rs. 26,29,000/- and travelling expenditure of Rs. 3,49,330/- over these periods. On perusal