Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Territorial Jurisdiction Denied: Petitioner...     TaxTMI    Gold Import Violation: Seizure Upheld as Court...     TaxTMI    Club Membership Services Face New Tax Liability as...     TaxTMI    Landmark Ruling: Retrospective Tax Amendments...     TaxTMI    Customs Introduces Streamlined Provisional...     TaxTMI    E-way Bill Compliance: Complete Documentation...     TaxTMI    Land Development Agreement Not Subject to GST,...     TaxTMI    Landmark GST Voucher Ruling: Clarifies Tax...     TaxTMI    GST Council Clarifies Tax Rates for Agricultural...     TaxTMI    Taxpayer Wins Appeal as Tribunal Orders...     TaxTMI    Transfer Pricing Dispute: AO Must Implement DRP...     TaxTMI    Computational Errors in Tax Assessment Do Not...     TaxTMI    High Court Validates Retrospective ITC Extension,...     TaxTMI    GST Rate Dispute Resolved: Contractual...     TaxTMI    Legal Heir Seeks GST Refund Recovery After...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Addition made on estimating the consumption of electricity, ...


Estimations on electricity use for tax assessments deemed unreliable; concrete evidence required for accurate tax liabilities.

May 18, 2013

Case Laws     Income Tax     AT

Addition made on estimating the consumption of electricity, production, sale and profit thereon is not sustainable. - AT

View Source

 

← Previous Next →

 

You may also like:

  1. HC invalidated ex-parte assessment order and demand notices that were solely based on a previously quashed FIR. The department failed to conduct independent...

  2. The case involves the validity of assessments u/s 153A and 132 of the Income Tax Act. In the absence of incriminating material seized during the search, assessments...

  3. The Income Tax Act did not intend to tax deemed rental income from properties held as stock-in-trade prior to the assessment year 2018-19. Section 23(5), introduced from...

  4. Disallowing the expenses incurred on electricity - the aforesaid payments in terms of the bills raised by the Punjab State Electricity Corporation is an evidence of...

  5. AAR ruled that reimbursement of electricity charges collected on actual basis from sub-lessees is not subject to GST. The applicant, acting as a pure agent under Rule...

  6. CESTAT allowed the appeal, setting aside service tax demands predicated solely on Form 26AS without substantive evidence of service provision. The tribunal consistently...

  7. This case involves a challenge to an order of re-assessment under the relevant tax laws. The key points are: The petitioner failed to submit monthly returns within the...

  8. The High Court held that the Assessing Officer (AO) lacked sufficient material or evidence to reopen the assessment u/s 147 for the Assessment Year 2013-14 in respect of...

  9. Levy of Service tax - tolerating an act of electricity consumers - amount of late payment surcharge, meter rent and supervision charges received by the appellant from...

  10. Admission of additional evidence - Deduction u/s 54F - the evidences furnished are electricity bills, property tax receipts, inaugural photograph of house and the...

  11. Assessment u/s 153C - The High court found procedural lapses in invoking Section 153C against the petitioner without concrete evidence of undisclosed transactions for...

  12. Non-granting interest u/s 244A on excess self-assessment tax from January 2017 to October 2017 was denied, citing the refund was less than 10% of the tax determined in...

  13. For payment of tax, no assessment order is required and only in case of short payment of tax assessment is required after due notice - but for the deferral in payment of...

  14. Introduction of block assessment provisions in cases of search u/s 132 and requisition u/s 132A for early finalization of search assessments, coordinated investigation,...

  15. Proof of smuggling of goods - DW.1 (revenue officer) stated in evidence that it was suspected that articles were smuggled and that it was believed that the articles were...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
T: Continuing the legislative policy of incentivizing employment generati...
T: Businesses Get 5-Year Tax Break for Green Waste Management and Renewab...
T: Tax Breaks Boost North-East Industrial Growth: 100% Deduction for Manu...
T: Tax Bill 2025 Safeguards Section 80IBA Housing Deductions, Preserves D...
T: Tax Deduction Continuity: Preserving Existing Industrial Undertakings'...
H: Clubs and Associations Win: Retrospective Tax Amendments Struck Down, ...
F: GST Registration Dilemma: Son's Inherited Rental Property Intersects w...
A: Tax Officials Wrongly Denied Input Tax Credit, High Court Orders Reass...
A: One-Person Companies Must File Annual Returns Online via MCA Portal wi...
A: GST Reforms Reshape Tax Landscape: Invoice Reporting Changes, Economic...
A: Corporate Tax Compliance at Risk: Weak Documentation Practices Expose ...
A: Corporate Directors Face Mandatory Probe After NCLAT Upholds Section 2...
A: Coffee Board's Strategic Mission: Empowering Growers, Boosting Exports...
A: Empowering Indian Carpet Manufacturers: Strategic Export Support Throu...
A: Coconut Development Board Empowers Farmers with Comprehensive Agricult...
A: Chemical Exports Boosted: Government-Backed Nonprofit Empowers Indian ...
A: Global Environmental Organizations Unite to Combat Climate Change and ...
A: Sustainable Forest Management Framework Balances Global Standards with...
A: Forest Management Gets Green Light: Rigorous FSC Certification Ensures...
A: Forest Stewardship Council Certification Drives Sustainable Woodland P...
H: GST Rate Reduction Not Automatically Applicable: Council Recommendatio...
H: Bail Granted in Tax Fraud Case: Procedural Lapses Expose Critical Flaw...
H: Systematic Denial of Personal Hearing Violates Natural Justice, Render...
H: Taxpayers Granted Right to Rectify GST Returns Beyond Standard Timelin...
H: Flavoured Milk Tax Classification Resolved: Tariff Heading 0402 Confir...
H: Legal Challenge Rejected: Section 161 GST Application Dismissed Due to...
H: Procedural Defects in Tax Notice Invalidate SCN, HC Grants Stay Based ...
H: GST Rate Fixed at 12% for Real Estate Project Based on Original Promot...
H: Railway Infrastructure Services Blend Multiple Contract Types, Determi...
H: Cancer Diagnostic Research Services Denied GST Exemption Under Notific...