Section 40A

Section 40A, Sec. 40A(3)

S.C : Whether any amount of sugarcane purchase price paid by the assessee-society to its members/non-members above the SMP determined under Clause 3 of the Control Order, 1966, may be paid as per the price determined by the State Government under Clause 5A of the Control Order, 1966, can be said to be the sharing of profit and therefore is to be included in the return of income?

Supreme Court Of India CIT vs. Tasgaon Taluka S.S.K. Ltd. Section 40A(3) Asst. Year 1998-99 A. K. Sikri, S. Abdul […]

Sec. 36(1)(Viia), Sec. 115JA, Sec. 143(1), Sec. 143(3), Sec. 40A(3), Section 133, Section 147, Section 148, Section 152, Section 153, Section 68, Section 69

Rajasthan H.C : the proceedings for reassessment under Section 148/147 of the Income Tax Act, 1961 were initiated by the ld. Assessing Officer on non-existing facts because ultimately the Assessee has been able to explain that the income which was believed to have escaped assessment was explainable but some other additions were made under the assessment order

High Court Of Rajasthan Prime Chem Oil Limited vs. Assistant Commissioner Of Income Tax Section 36(1)(viia), 40A(3), 68, 69, 115JA,

Income Tax Case Laws, Sec. 40A(3)

Rajasthan H. C : ITAT was perverse in restricting trading addition to only Rs.9,52,599/-out o the total trading addition of the Rs.91,37,068/-made by the AO ignoring the facts brought out by a qualified chartered Accountants in special Audit Report which is based on very reasonable analysis of the facts derived from the seized material and information provided by the assessee during Special Audit process

High Court Of Rajasthan Pr.CIT vs. Jadau Jewellers & Manufactures (P) Ltd. Section 40A(3) K.S. Jhaveri & Inderjeet Singh, JJ.

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