Cit vs surinder pal anand
WebPunjab and Haryana High court distinguished and overruled its own decision in CIT v. Surinder Pal Anand 48 DTR 135 in which cash deposited in bank was held from business itself. The provisions of presumptive taxation are enacted to facilitate computation of total income and filing of return of income. WebSep 18, 2024 · The Haryana High Court in the case of CIT vs. Surinder Pal Anand [2010] 192 taxmann 264), under identical circumstances had held as follows’.- “7. Section 44AD …
Cit vs surinder pal anand
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WebSep 13, 2024 · Surinder Pal Anand (2010) 192 Taxman 264 (P&H ) The assessee filed his return of income showing certain business income under section 44AD. The Assessing Officer did not accept the return and made an addition in respect of the cash deposited in the bank account during the year. WebThe Commissioner Of Income Tax vs S M Anand on 23 August, 2024. Author: S.Sujatha And N.K.Sudhindrarao. 1 IN THE HIGH COURT OF KARNATAKA KALABURAGI …
WebThe CIT(A) upheld the addition made by the Assessing Officer on account of initial payment of installment of vend allotted, initial investment in the infrastructure in purchase of … Web(hereinafter referred as Ld. Pr. CIT) u/s 263 of the Income Tax Act 1961 (herein after refered as the Act). 2. The facts in brief are that the assessee filed return of income of Rs. 1,44,320/- by computing income u/s 44AD of the Act. The case of the assessee was taken up for scrutiny and the ld AO made an addition of Rs.
WebCommissioner Of Income Tax-Ii vs Gurinder Pal Singh on 25 March, 2013 User Queries cash deposit furniture mandi gobindgarh 44af section 44af cash deposit in bank 44ad 2015 july withdrawal from bank surinder pal anand Try out our Premium Memberservices: Virtual Legal Assistant, Query Alert Serviceand an ad-free experience. WebMar 28, 2024 · Commissioner Of Income Tax-Ii vs Gurinder Pal Singh on 25 March, 2013. Section 260 in The Income- Tax Act, 1995. ... placed reliance on a decision rendered by Punjab and Haryana High Court in the case of CIT v. Surinder Pal Anand [(2011) 242 CTR 61, wherein it was held as follows: “8.Once under the special provision, exemption from ...
WebCIT vs. Surinder Pal Anand [2010] 192 taxmann 264), had held as follows:- “7. Section 44AD of the Act was inserted by the Finance Act, 1994 with effect from 1-4-1994. Sub-section (1) of section 44AD clearly provides that where an assessee is engaged in the business of civil construction or supply
WebJan 4, 1994 · v. Surinder Pal Anand . ADARSH KUMAR GOEL, J. 1. This appeal has been filed by the revenue under Section 260A of the Income Tax Act, 1961 (in short, “the Act” … irs columbus dayWebOct 27, 2024 · Before the CIT (Appeals), the assessee stated that the profits were declared as per the scheme of presumptive taxation @ 8% which the Assessing Officer cannot disturb. ... Reliance was placed on the judgment of Hon’ble Punjab & Haryana High Court in the case of CIT Vs. Surinder Pal Anand in ITA No.156 of the Act 2010 dated 29.6.2010 … portable solar charger with batteryWebJul 4, 2024 · Hon'ble bench relied on the preposition laid by Hon'ble Punjab & Haryana High Court in case of CIT Vs. Surinder Pal Anand [2010] 192 Taxman 264, wherein in Para 8 … irs combat zonesWebMar 14, 2024 · Surinder Pal Anand 192 Taxman 264 for the preposition that once the exemption from maintaining books of account has been provided under the special provision and presumptive tax @ 8% has been made the basis for determining taxable income, the assessee was not under any obligation to explain individual entry of cash deposit in the … portable solar charging panelsWebEven otherwise, this view of ours is supported by Hon'ble Punjab & Haryana High Court in the case of CIT vs. Surinder Pal Anand [2011] 242 CTR 61 (P&H), wherein the ratio laid down is that where assessment being made us 44AB of the Act, assessee is not under obligation to explain individual entry of cash deposit in the banks unless such entries ... portable solar light towerportable solar battery charger 12 voltWebThe Commissioner Of Income Tax vs P.V.Kalyanasundaram on 8 February, 2006. IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 08/02/2006 Coram THE … portable solar charging bank