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9 results for “depreciation”+ Section 35(1)(i)clear

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Key Topics

Section 44A36Section 271A18Section 407Penalty7Section 56Section 206Deduction6Depreciation6Section 143(2)4Section 142(1)

NEHA VERMA ,PATNA vs. ACIT CENTRAL CIRCLE 1, PATNA

In the result, all the appeals of assessee in ITA No

ITA 237/PAT/2023[2019-20]Status: DisposedITAT Patna13 Sept 2024AY 2019-20

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

For Appellant: NoneFor Respondent: Shri Ashwani Kr. Singal, DR
Section 20Section 271ASection 40Section 44ASection 5

35,37,418/-. We also noticed that the net profit rate declared by the assessee is approx. 21.31 %, which is much higher than the minimum net profit rate required to be offered by the assessee for falling under the Provisions of Section 44AD of the Act. We also observe that the income ITA Nos. 232 to 237/Pat/2023 Neha Verma; A.Ys

3
Section 2632
Disallowance2

NEHA VERMA,PATNA vs. ACIT CENTAL CIRCLE-1, PATNA

In the result, all the appeals of assessee in ITA No

ITA 233/PAT/2023[2015-16]Status: DisposedITAT Patna13 Sept 2024AY 2015-16

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

For Appellant: NoneFor Respondent: Shri Ashwani Kr. Singal, DR
Section 20Section 271ASection 40Section 44ASection 5

35,37,418/-. We also noticed that the net profit rate declared by the assessee is approx. 21.31 %, which is much higher than the minimum net profit rate required to be offered by the assessee for falling under the Provisions of Section 44AD of the Act. We also observe that the income ITA Nos. 232 to 237/Pat/2023 Neha Verma; A.Ys

NEHA VERMA,PATNA vs. ACIT CENTRAL CIRCLE -1, PATNA

In the result, all the appeals of assessee in ITA No

ITA 235/PAT/2023[2017-18]Status: DisposedITAT Patna13 Sept 2024AY 2017-18

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

For Appellant: NoneFor Respondent: Shri Ashwani Kr. Singal, DR
Section 20Section 271ASection 40Section 44ASection 5

35,37,418/-. We also noticed that the net profit rate declared by the assessee is approx. 21.31 %, which is much higher than the minimum net profit rate required to be offered by the assessee for falling under the Provisions of Section 44AD of the Act. We also observe that the income ITA Nos. 232 to 237/Pat/2023 Neha Verma; A.Ys

NEHA VERMA,PATNA vs. ACIT CENTRAL CIRCLE 1, PATNA

In the result, all the appeals of assessee in ITA No

ITA 236/PAT/2023[2018-19]Status: DisposedITAT Patna13 Sept 2024AY 2018-19

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

For Appellant: NoneFor Respondent: Shri Ashwani Kr. Singal, DR
Section 20Section 271ASection 40Section 44ASection 5

35,37,418/-. We also noticed that the net profit rate declared by the assessee is approx. 21.31 %, which is much higher than the minimum net profit rate required to be offered by the assessee for falling under the Provisions of Section 44AD of the Act. We also observe that the income ITA Nos. 232 to 237/Pat/2023 Neha Verma; A.Ys

NEHA VERMA,PATNA vs. ACIT CENTRAL CIRCLE -1, LOKNAYAK BHAWAN

In the result, all the appeals of assessee in ITA No

ITA 234/PAT/2023[2016-17]Status: DisposedITAT Patna13 Sept 2024AY 2016-17

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

For Appellant: NoneFor Respondent: Shri Ashwani Kr. Singal, DR
Section 20Section 271ASection 40Section 44ASection 5

35,37,418/-. We also noticed that the net profit rate declared by the assessee is approx. 21.31 %, which is much higher than the minimum net profit rate required to be offered by the assessee for falling under the Provisions of Section 44AD of the Act. We also observe that the income ITA Nos. 232 to 237/Pat/2023 Neha Verma; A.Ys

NEHA VERMA,PATNA vs. ACIT CENTRAL CIRCLE 1, LOKNAYAK BHAWAN

In the result, all the appeals of assessee in ITA No

ITA 232/PAT/2023[2014-15]Status: DisposedITAT Patna13 Sept 2024AY 2014-15

Bench: Shri Rajpal Yadav, Vp & Shri Dr. Manish Borad, Am

For Appellant: NoneFor Respondent: Shri Ashwani Kr. Singal, DR
Section 20Section 271ASection 40Section 44ASection 5

35,37,418/-. We also noticed that the net profit rate declared by the assessee is approx. 21.31 %, which is much higher than the minimum net profit rate required to be offered by the assessee for falling under the Provisions of Section 44AD of the Act. We also observe that the income ITA Nos. 232 to 237/Pat/2023 Neha Verma; A.Ys

SRIRAM ENTERPRISES,PATNA vs. PCIT (CENTRAL), PATNA

In the result, the appeal of the assessee is allowed

ITA 76/PAT/2023[2018-19]Status: DisposedITAT Patna08 May 2024AY 2018-19

Bench: Dr. Manish Borad & Shri Sonjoy Sarmai.T.A. No. 76/Pat/2023 Assessment Year: 2018-2019 Sriram Enterprises,………………………..........Appellant C/O. Nirmal & Associates, Nepali Kothi, Opposite Gasoline Petrol Pump, Boring Road, Patna-800001 [Pan:Aarfs8853J] -Vs.- Principal Commissioner Of Income Tax (Central), Patna,…………………………………..……………..Respondent, Bihar-800001 Appearances By: Shri Nishant Maitin, C.A., Appeared On Behalf Of The Assessee Md. A.H. Chowdhary, Cit (D.R.), Appeared On Behalf Of The Revenue Date Of Concluding The Hearing : 5Th March, 2024 Date Of Pronouncing The Order: May 8Th, 2024 O R D E R

Section 133ASection 142(1)Section 143(1)Section 263

35,48,88,327.94 and Sub-Contract Charges amounting to Rs. 19,02,77,614/-. The Liability for Goods & Services is 39% of expenses for consumption of raw materials and Liability for Sub-Contract is 76% of sub-contract charges which is unusual. x x x x x x x x x x x x …………… Detail of Sundry Creditors above

I.T.O. vs. M/S KUMAR CONSTRUCLTION,

In the result, the appeal of the Revenue is partly allowed

ITA 10/PAT/2015[2009-10]Status: DisposedITAT Patna17 Oct 2023AY 2009-10

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

Section 142(1)Section 143(2)Section 271(1)(b)Section 40A(3)

35,000/- Om Prakash Kuamr 27-11-2008 SBI-436 297105 69,000/- Omkar Kumar 05-01-2009 Dnea-285 975937 4,30,000/- R.S. Kumar 17-06-2008 SBI-347 735724 4,70,000/- Satyendra Sharma 26-03-2009 Dena-285 975985 96,000/- Subhash Kumar 31-05-2008 PNB-9926 821336 1,50,000/- Subhash Kumar

ASHOK KUMAR,BHOJPUR vs. ITO, WARD-1, ARA

In the result, the appeal of the assessee is partly allowed as indicated above

ITA 259/PAT/2018[2010-11]Status: DisposedITAT Patna10 Apr 2024AY 2010-11

Bench: Shri Rajpal Yadav, Vice-(Kz) & Dr. Manish Borad

Section 142(1)Section 143(2)Section 148Section 40

35. 5. With the assistance of ld. Representatives, we have gone through the record carefully. The ld. 1st Appellate Authority has considered this aspect in paragraph no. 5 of the impugned order. The ld. CIT(Appeals) has observed that in response to the notice issued under section 148, the assessee did not file the return. A notice under section