ACIT, CIRCLE-3, RANCHI vs. SHRI SUMIT RAMSISARIA, RANCHI

Bench: Shri J.Sudhakar Reddy & Shri S.S.Godara

145 (Guj-HC) : (2008) 217 CTR (Guj) 401, it was held that as per section 68, there should be cash

DCIT, HAZARIBAGH vs. SRI RAJENDRA LAL, HAZARIBAGH

In the result, appeal of the assessee i

Bench: Shri N.S.Saini & Shri Pavan Kumar Gadale & Cross Objection No.05/Ran/2018 A.Y. : 2009-2010 Shri Rajendra Lal, Vs Acit, Circle-2, Prop: M/S Alankar Jewellers Hazaribag Malviya Marg, Hazaribag Pan No. : Aaqpl 6547 B Respondent (Appellant) . & A.Y. : 2009-2010 Acit, Circle-2, Hazaribag Vs Shri Rajendra Lal, Prop: M/S Alankar Jewellers Malviya Marg, Hazaribag Pan No. : Aaqpl 6547 B Respondent (Appellant) .

145(3) of the Act on presumption, no defect whatsoever has been pointed out for maintenance of books of account. From the above submissions of assessee, findings of AO and observations of the CIT(A), we are of the opinion matter needs examination and verification on the above two counts at the end of CIT(A). Therefore, we remit both

PADAM KUMAR JAIN,RANCHI vs. ACIT,CIRCLE-2, RANCHI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri S.S, Godara, Jm & Dr. A.L. Saini, Am Vs. Acit, Circle-2, Ranchi Padam Kumar Jain, Ranchi 303, Paras Apartment, Kutchary Road, Ranchi-834001. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aawpj4189M (अपीलाथ" /Appellant) (""थ" / Respondent) ..

section 144 of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’), dated 26.12.2016. 2. The grounds of appeal raised by the assessee are as follows: “1. The appellant claim for the relief of Rs. 1,37,68,274/- being the amount of addition computed by the Ld. AO u/s 144 of the Income

ACIT CIR-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

Section 14A of the Act r.w. Rule 8D of\nthe Rules were applicable on the assessee and after giving a show\ncause computed the disallowance at Rs. 27,19,753/- comprising of\nRs. 9,11,753/- under Rule 8D(2)(ii) and Rs. 17,32,000/- under Rule\n8D(2)(iii) of the Rules

CCL,RANCHI vs. DCIT CIR-1, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

DCIT CIR-1, RANCHI vs. CCL, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

DCIT CIR-1 , RANCHI vs. M/S CENTRAL COALFIELDS LTD, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

DCIT CIRCLE-1 , RANCHI vs. CCL LTD , RANCHI

Section 37(1) of the Income-tax Act, 1961 - Business expenditure\nAllowability of (Welfare expenses of employees) - Assessee-\ncompany was engaged in business of coal mining It claimed\nexpenses incurred towards welfare of of its employees like canteen,\nhostels, etc. business expenditure Commissioner disallowed same\non ground that said expenditures had not been properly explained\nand that assessee

DCIT CIR-1,, RANCHI vs. CCL, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

CCL,RANCHI vs. ACIT CIR-1, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

M/S. CENTRAL COALFIELDS LTD.,,RANCHI vs. DCIT, CIRCLE-1,, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

ACIT CIRCLE-1 , DHANBAD vs. M/S BHARAT COOKING COAL LTD , DHANBAD

Section 14A of the Act r.w. Rule 8D of\nthe Rules were applicable on the assessee and after giving a show\ncause computed the disallowance at Rs. 27,19,753/- comprising of\nRs. 9,11,753/- under Rule 8D(2)(ii) and Rs. 17,32,000/- under Rule\n8D(2)(iii) of the Rules

M/S BHARAT COOKING COAL LTD ,DHANBAD vs. ACIT CIR-1 , DHANBAD

Section 14A of the Act r.w. Rule 8D of\nthe Rules were applicable on the assessee and after giving a show\ncause computed the disallowance at Rs. 27,19,753/- comprising of\nRs. 9,11,753/- under Rule 8D(2)(ii) and Rs. 17,32,000/- under Rule\n8D(2)(iii) of the Rules

CCL,RNCHI vs. ACIT CIR-1 , RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

CCL LTD ,RANCHI vs. DCIT CIRCLE-1, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

DCIT CIR-1, RANCHI vs. CCL, RANCHI

145(2) of the Act as\nwell as the Hon'ble Supreme Court in the case of Bharat Earth\nMovers (supra), it is the accounting requirement/prudence to provide\nfor ell known liabilities and losses, even though the actual\nquantification may be made subsequently. In the instant case, there\nis no dispute with regard to the fact that the assessee

CCL ,RANCHI vs. DCIT CIR-1 , RANCHI

Section 37(1) of the Income-tax Act, 1961 - Business expenditure\nAllowability of (Welfare expenses of employees) Assessee-\ncompany was engaged in business of coal mining It claimed\nexpenses incurred towards welfare of of its employees like canteen,\nhostels, etc. business expenditure Commissioner disallowed same\non ground that said expenditures had not been properly explained\nand that assessee

CCL,RANCHI vs. DCIT CIR01 , RANCHI

Section 37(1) of the Income-tax Act, 1961 - Business expenditure\nAllowability of (Welfare expenses of employees) - Assessee-\ncompany was engaged in business of coal mining It claimed\nexpenses incurred towards welfare of of its employees like canteen,\nhostels, etc. business expenditure Commissioner disallowed same\non ground that said expenditures had not been properly explained\nand that assessee