Commissioner of Income Tax, Rajahmundry. vs. m/s Ganesh Arrack Contractors,

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The Commissioner of Income Tax vs. M/s GRK Prasad AND others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The Commissioner of Income Tax-II vs. m/S.M.Ventakteswara Rao AND Others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The Commissioner of income tax, vs. M/s.Y.Ramulu and Others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

COMMR.OF I.T. RKAJAHMUNDRY vs. T.RAMI REDDY AND ORS

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

Commissioner of Income Tax vs. Ms. B.krishna Murthy AND Others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The Commissioner of Income Tax vs. M/s.B.Satyanarayana AND Others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

COMMISSIONER OFINCOEMETAX vs. M/S. V.SATYANARAYANA AND OTHERS

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The Commissioner of Income tax vs. M/s.V.Satyanrayana AND Others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

COMMISSIONER OF INCOME TAX, vs. M/S G.R.K.PRASAD AND OTHERS

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

COMMISSISONER OF I.T. RAJAHMUNDRY vs. M/S.Y RAMAKRISHNA AND OTHERS

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The Commissioner of Income Tax vs. M/s.G.V.Krishna Reddy AND Others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The commissioner of Income Tax vs. M/s.M.Narayana Choudary and Others

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

145(3) of the Act indicate that the computation of total income should be by adopting an objective method, and subjectivity in arriving at the taxable income is not contemplated under law. The word ‘assessment’ is, therefore, to be understood in each Section with reference to the context in which it has been used. In some Sections

The Commissioner of Income Tax (Central) vs. K. V. Srinivasa Rao

145 of the Evidence Act to establish whether he is a trustworthy witness or not.” 32. Thus, the omission to mention the gun in the hands of one of the riders of the motorcycle will not make the testimony of Dharmanand doubtful. 33. The presence of this witness was not disputed in the cross-examination. It was suggested

Commissioner of Income Tax-II vs. Energy Solutions International India Pvt Ltd.,

Bench: J. UMA DEVI,V RAMASUBRAMANIAN

145 of the 1961 Act, the AO acting under Section 143(3) could not have made the ad hoc disallowance

Commissioner of Income Tax vs. M/s.Kakinada Co-operative Town Bank Limited

Appeals stands disposed of in the

Bench: GODA RAGHURAM,M.S.RAMACHANDRA RAO

disallowing relied upon 4 judgments of Hon'ble Apex Court in the case of CIT Vs. N.C. Budhiraja & Company : (1993) 204 ITR 412 (SC); Cambay Electric Supply Industrial Company Limited Vs. CIT: (1978) 113 ITR 84 (SC), and CIT Vs. Sterling Foods : (1999) 237 ITR 579 (SC) and held that it is income earned on sale of import entitlements

Commissioner of Income Tax-II vs. Smt. Pushpa Devi Tibrewala

Bench: U.DURGA PRASAD RAO,SANJAY KUMAR

Section 145 (3), the expenses claimed were based upon an incorrect interpretation of the ICAI’s guidelines. The precise transaction related to forward contract. The assessee had interpreted the guidelines of the standard in such a manner as to claim the losses/gains as and when the contract matured. The Assessing Officer was of the opinion that this was incorrect

The Prl Commissioner of Income Tax [Central] vs. G Sanjay Chowdhary

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

section 145(3) of the Act, 1961. 2. Whether the Hon’ble Member of ITAT erred in law in deleting the AO to reduce the disallowance