Cit vs surinder pal anand

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August undefined, 2024

Webi) CIT v/s Surinder Pal Anand, Surinder Pal Anand, [2011] 242 CTR 0061 (P&H HC) Assessment being made under s. 44AD, the assessee was not under obligation to explain individual entry of cash deposit in the bank unless such entry had no nexus with the gross receipts and therefore no addition under s. 68 was called for. 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 …

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WebJun 29, 2010 · Case Name : CIT Vs. Surinder Pal Anand (Punjab & Haryana High Court) Appeal Number : Appeal No: ITA No. 156 of 2010. Date of Judgement/Order : … WebAgainst this decision, the Pal defendant as well as the plaintiffs have appealed to this Court the Pal defendants in Appeal No. 2587 of 1926 and the plaintiffs in Appeal No. 229 of … high fashion for big guys

Can Assessing Officer make addition under section 69C if …

WebMar 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 … 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. WebJul 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 … how high is 1.7m

Prashant Kumar Singh, Jamshedpur vs Ito Wd-2(1), Jamshedpur …

Section 44AD not obligates assessee to maintain books of …

WebJan 8, 2024 · The Hon’ble Punjab & Haryana High Court in the case of CIT vs. Surinder Pal Anand [2010] 192 taxmann 264 held that once under special provision of section 44AD … WebJul 4, 2024 · Surinder Pal Anand [2010] 192 Taxman 264, wherein in Para 8 it was stated that- once under a special provision , exemption from maintaining books is provided and rate of 8% of gross receipts... high fashion floral shootWebEven 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 ... how high is 1 meter in feet

"WebThe Haryana High Court in the case of CIT vs. Surinder Pal Anand [2010] 192 taxmann 264), under identical circumstances had held as follows'.- 8 I.T.A. No. 451/Coch/2024 "7. Section 44AD of the Act was inserted by the Finance Act, 1994 with effect from 1-4-1994. " - Cit vs surinder pal anand

Cit vs surinder pal anand

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WebJan 16, 2024 · CIT v. Surinder Pal Anand [2010] 192 TAXMAN 264 (PUNJ. & HAR.) In an appropriate case, Assessing Officer can make addition in respect of both cash credits … WebAug 29, 2015 · CIT V. Surinder Pal Anand [2010]192Taxman264(P. &H.) Under section 44AD when the books of account were not maintained, income has to be estimated only at 8 per cent. Hence, estimating the income at 8 per cent cannot be regarded as illegal. Commissioner of Gift-tax v. A.Vajjiram& Bros.[2010] 326 ITR 551(MAD.)

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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. WebSep 19, 2024 · 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 …

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 ... 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 …

WebSep 19, 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 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 assessce is engaged in the business of civil ... 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 11, 2024 · The Haryana High Court in the case of CIT 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.

WebOct 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 … how high is 180 ftWebSurinder Pal Anand, 242 CTR 61(P&H). 6. Ld D.R. on the other hand, relied on the order of the CIT(A). 7. of lower authorities and materials available on record. In the instant case, the Assessing Officer found that the assessee has made cash deposit of ₹20,67,668/- … high fashion furniture jaimie apartment sofa high fashion groupWebJun 29, 2010 · Case: CIT Vs Surinder Pal Anand. High Court of Punjab (India) Judgment Cited in Precedent Map Related Vincent Judgment: Adarsh Kumar Goel, J. 1. high fashion guysWebJan 30, 2024 · i) CIT vs. Surinder Pal Anand [2010] 192 taxmann 264 (P&H HC) ii) Nand Lal Popli vs. DCIT [ITA1161&1162/Chd/2013 dt. 14/06/2016] Accordingly the addition of Rs. 27,94,306/- u/s. 68/69A was directed to be deleted. The view full text of the judgment: Click here --------------------------------- Summarized by: CA. Shashank A. Mehta how high is 18 metersWeb(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. high fashion garment company lower parelWebThe 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 … high fashion gala dresses