Cit vs surinder pal anand

Author: hvwb

August undefined, 2024

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 … Webdecision of Hon'ble Punjab & Haryana High Court in the case of CIT Vs Surinder Pal Anand 192 Taxmann 264 and submitted that once the return of income is filed U/s 44AD of the Act, the turnover declared by the assessee cannot be doubted. The assessee is not required to explain each

Presumptive Taxation-Issues and Controversies « AIFTP

WebJan 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 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. open publishing sites

Addition made by assessing officer was justified as assessee

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 … 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. 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 … open publishing platform medium

Siti Kanta Pal And Anr. vs Radha Gobinda Sen And Ors. on 21 …

Cit vs surinder pal anand

Showing Higher Income Than Benchmark Given - Articles

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. 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 …

Did you know?

WebJun 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. 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” …

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 … 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 …

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 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 : …

WebSep 19, 2024 · Punjab and Haryana High court distinguished and overruled its own decision in CIT Vs. Surinder Pal Anand 48 DTR 135 in which cash deposited in bank was held from business itself.

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. open punctuation formatWebJul 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 … ipad repair allentown paWebCommissioner 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. ipad repair beaconsfieldWebAgainst 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 … ipad rentals in dubaiWebThe 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. open punctuation is used when preparingWebSurinder 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/- … open punctuation is used when preparing: *WebThe 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 … i pad rentals in calgary