Karamchari Union, Agra vs Union Of India & Ors

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Supreme Court of India Karamchari Union, Agra vs Union Of India & Ors on 29 February, 2000 Author: Shah Bench: M.B.Shah, D.P.Wadhwa PETITIONER: KARAMCHARI UNION, AGRA Vs. RESPONDENT: UNION OF INDIA & ORS. DATE OF JUDGMENT: 29/02/2000 BENCH: M.B.Shah, D.P.Wadhwa JUDGMENT: Shah, J. Leave granted in special leave petitions. Civil Appeal No.1843 of 1989 & … Continue reading Karamchari Union, Agra vs Union Of India & Ors

If books are not correct or complete, the ITO may reject those books and estimate the income to the best of his judgment. When such an estimate is made, it is in substitution of the income that is to be computed under Section 29.

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Excerpt:  The computation under Section 29 is to be made under Section 145 on the basis of the books regularly maintained by the assessee. If those books are not correct or complete, the ITO may reject those books and estimate the income to the best of his judgment. When such an estimate is made, it is in substitution of … Continue reading If books are not correct or complete, the ITO may reject those books and estimate the income to the best of his judgment. When such an estimate is made, it is in substitution of the income that is to be computed under Section 29.

M/S.Sundaram Finance Limited vs The Assistant Commissioner Of Income Tax

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Excerpt: Madras High Court M/S.Sundaram Finance Limited vs The Assistant Commissioner Of ... IN THE HIGH COURT OF JUDICATURE AT MADRAS Reserved on : 11.04.2018 Delivered on: 23.04.2018 CORAM THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAM AND THE HONOURABLE MR.JUSTICE N.SESHASAYEE T.C. (Appeal).Nos.876 and 877 of 2008 M/s.Sundaram Finance Limited (Formerly M/s.Sundaram Finance Services Ltd.,) 21, Patullous Road … Continue reading M/S.Sundaram Finance Limited vs The Assistant Commissioner Of Income Tax

irrespective of whether the discontinuance of the profession is temporary or permanent, income was liable to be included under the head ” Income from other Sources”.

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Excerpt:irrespective of whether the discontinuance of the profession is temporary or permanent, income was liable to be included under the head " Income from other Sources". Calcutta High Court Mrs. Roma Bose vs Income-Tax Officer, "C" Ward And ... on 20 August, 1971 Equivalent citations: 1974 95 ITR 299 Cal Author: S Ghose Bench: S … Continue reading irrespective of whether the discontinuance of the profession is temporary or permanent, income was liable to be included under the head ” Income from other Sources”.