Estimation of income from fish tanks - cultivation of the fish ...

Court Sets Income Estimation at Rs. 13,300 Per Acre for Fish Tanks Without Books of Accounts.

August 19, 2017

Case Laws Income Tax AT

Estimation of income from fish tanks - cultivation of the fish ponds - Estimation of water spread area and the bund area - in the absence of books of accounts we hold that ₹ 13,300/- per acre of water spread area appears to be reasonable

View Source

← Previous Next →

Estimation of income from fish tanks - cultivation of the fish ...

Court Sets Income Estimation at Rs. 13,300 Per Acre for Fish Tanks Without Books of Accounts.

August 19, 2017

Case Laws Income Tax AT

You may also like:

Assessment u/s 153A - undisclosed income - purchase of properties - payment of on money - AO has rejected the reply to the show cause notice without assigning proper...

IT, Estimation of income without rejecting books of accounts is arbitrary, addition made by AO deleted

MAT computation u/s 115JB - In this case, the assessee had incurred business loss / depreciation losses as per books in the AYs 1999-00 & 2000-01 & AYs 2011-12 & 2012-13...

The ITAT Ahmedabad addressed the jurisdiction of the AO over a corporate assessee with income exceeding Rs. 30 Lakhs in metro cities. The tribunal confirmed that income,...

Disallowance of making charges - If the making charges rate as determined by the Revenue at Rs.3/- per gram has to be considered, the aforesaid karigar’s net profit...

The Supreme Court held that the High Court should formulate the second substantial question of law proposed by the Revenue regarding whether violation of conditions u/s...

Addition u/s 69A - unexplained income - cash deposits made into bank account during demonetization period - assessee neither furnished stock summary nor bills/vouchers...

Reference to Departmental valuation officer [DVO] without first rejecting the books of accounts - The Court reiterated the importance of rejecting the books of accounts...

Validity of Referring the matter to DVO - Additions based on valuation report - The High Court noted that the assessee had filed its return for the relevant assessment...

The appellant trust claimed to be formed for public charitable activities and registered under the Rajasthan Public Trust Act 1959, regularly filing its income tax...

Rejection of books of accounts u/s 145 (3) - AO by recklessly rejecting the books of account proceeded to estimate the income by applying profit @ 5% of the gross...

The assessment of income from other sources u/s 56(2)(x) of the Income Tax Act, specifically regarding the addition on account of excess fair market value over the...

Valuation by DVO - addition based on estimated cost disregarding actual cost as per books - applicability of section 142A before amendment - non-rejection of books - AO...

Depreciation - Disallowance of amount released from reserves account under normal computation of income - The net result of the accounting entries passed in the books of...

The CESTAT held that the extended period of limitation invoked for levying service tax was unsustainable as there was no wilful suppression of facts by the appellant....

Quick Updates: