Cit vs surinder pal anand
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 … 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
Cit vs surinder pal anand
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Web% - 0 0 0 ) - % +% ! + = >> : 0 % ! 0 ! ... 9 ! + % 0 % ( ( )2 0 + ( 0 )- 0 %- % 0 WebEven 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 ...
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 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 …
WebJan 3, 2024 · The findings of ld Revisional Authority cannot be sustained as the enquiry in to the relevant issues is duly reflected in the assessment proceedings and only because the ld Pr. CIT being a higher authority and more wiser in experience considered that enquiry in some other aspects would have resulted in different opinion, does not give … 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
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.
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. crypto lawyer 08876WebJan 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 … crypto lawyer near meWebThe 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. crypto lawsuitWebPunjab 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. crypto lawyer jobsWebJan 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” … crypto lawyer dubaiWebAug 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.) crypto laws around the worldWebi) 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. crypto lawyers bay area