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4 results for “section 68”+ Section 8(2)clear

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Key Topics

Addition to Income3Section 41(1)2Section 54F2

PR. COMMISSIONER OF INCOME TAX-I, JALANDHAR vs. JOGINDER SINGH CHATHA

ITA/25/2023HC Punjab & Haryana07 Nov 2023

Bench: MR. JUSTICE GURMEET SINGH SANDHAWALIA,MS. JUSTICE HARPREET KAUR JEEWAN

Section 260A

2 months. A finding was recorded that defence had not been substantiated with evidence and he was unable to produce his nephew or any other evidence to prove the source of deposits in the bank account. Accordingly, income was held to be income from unexplained sources. 7. The claim of the assessee regarding closure of the profile w.e.f

OM PARKASH vs. COMMISSIONER OF INCOME TAX-1 AAYAKAR BHAWAN JALANDHAR

ITA/338/2019HC Punjab & Haryana30 Mar 2022

Bench: MR. JUSTICE TEJINDER SINGH DHINDSA,MR. JUSTICE PANKAJ JAIN

Section 133(6)Section 145(3)Section 41(1)
Section 41(1)(a)
Section 44A

Section 145(3) of the Act. The Assessee vide letter dated 16th November, 2016 filed through the Ld. Counsel, submitted that the assessment be completed by calculating NP rate of 8% of gross turnover since the turnover of the firm is below Rs.1.00 Crore as provided u/s 44AD of the Act. Net profit rate of 8% was accordingly applied

THE COMMISSIONER OF INCOME TAX NEW DELHI vs. MANJIT SINGH BAIDWAN

ITA/59/2023HC Punjab & Haryana09 May 2024

Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MRS. JUSTICE SUDEEPTI SHARMA

Section 54F

68 83/Mum/2014 which al decision. Accordingly, in t circumstance of the present cas herein above considering the Tribunal in the case of DCIT, ITA No. 802/ infirmity in the order of he same. We have heard arties and perused the cases relied upon by the lowed the deductions u/s t the amended provisions n as the claim of the ment

RANJIT SINGH GHUMAN vs. C I T

ITA/216/2007HC Punjab & Haryana17 May 2024

Bench: The Revenue Authorities That A Sum Of ` 5,00,000/- Was Still Due To Be Paid & Varinder Singh 2024.05.21 13:43 I Attest To The Accuracy & Authencity Of This Order/Judgment

Section 158

2,05,000/-, ` 45,000/-, ` 80,000/-, ` 1,00,000/- and ` 70,000/- in various years from 2003 to 2006. Copies of the bank statements have been also placed in order to confirm the submissions made by the appellant with regard to the fact that the amount of ` 5,00,000/- was still due to be paid and the Income