facts in
ignoring the specific mention of the RG - 23 - II balances,
145A working by the GROSS method etc. in the Tax Audit
Page ... return declaring total income at Rs. 14,20,680/-.
As per section 145A the assessee is required to value purchase and
sale of goods
whether books are to be rejected invoking the provisions of
section 145A of the Act or requirement of making of the assessement within the
spirit ... section 144 of the Act as specified in subsection (3) of section 145A of
the act. It is seen that even
viii) r.w.s.57(iv) and section 145A(b) of Act.
3. Being aggrieved, an appeal was filed before the CIT(A)/NFAC
contending ... section
57(iv) r.w.s.56(2)(viii) r.w.s.145A(b) of the Act, confirmed the action
of the Assessing Officer
Kirloskar Oil Engines Ltd., Pune vs Addl. Cit, Range-9, Pune on 1 September, 2017
section 56(2)(viii) of the
Act and the provisions of section 145A(b) are brought into statute
adjustments made to closing stock in accordance
with the provisions of Sec.145A of the I.T. Act.?
2. Whether on the facts
Scope of the provisions of section 145A of the Act- Valid Invoking
provisions:
Scope of section 145 : The AO assumes jurisdiction in rejecting the books
according to which to give effect to section 145A , if there is
any change in the method of valuing closing stock
Samadhan Krushna Katekar, Raigad vs National Faceless Assessment Centre, ... on 27 May, 2024
IN THE
under section 56(2)(viii) r.w.s 145A(b) of the Act.
Learned counsel vehemently argued first of all that such an interest
income
