previous assessment year 1998-99 (being a transitional year) under Section 145A of the Income Tax Act, 1961 ?
3. Filing of paper book is dispensed ... extent of Rs. 54,84,272. According to the assessing officer, Section 145A of the Act (which came into force
aggregating Rs. 230,73,57,062 read with the provisions of section 145A. The assessing officer noted that the following amounts were not debited ... have to be loaded to closing stock valuation in terms of section 145A and, therefore, closing stock would be enhanced and corresponding deduction
vires of section 194A (3)(ix) and (ixa) as also
section 145A(b) and 56(2)(viii) of the Income ... compensation or
on enhanced compensation referred to in clause (b) of
section 145A ."
13. Sub-section (2) of section 56 thus provides that
allowed as an expenditure under Section
43B read with Section 145A of the Income Tax Act, 1961?"
ITA No. 233/2013 Page ... reads as under:
"13. Section 145-A reads as follows:
145A. Notwithstanding anything to the contrary contained
in section 145 ,--
(a) the valuation
property tax on Mobile Towers and also
challenged the vires of section 145A of the Gujarat Provincial Municipal
Corporations Act, 1949 (hereinafter referred ... before this Court and the Division Bench of this
Court declared section 145A of the GPMC Act as ultra vires to the
Constitution of India
compensation or
on enhanced compensation referred to in clause (b) of
Section 145A .
Section 57(iv) of the 1961 Act
Deductions.
57. The income chargeable ... Section 145A(b) (inserted by the Finance (No. 2) Act 2009
w.e.f. 1.4.2010.
Method of accounting in certain cases.
145A. Notwithstanding anything
Payi Kanniah vs Emperor on 28 October, 1909
Equivalent citations: 5IND. CAS.145A
JUDGMENT
1. In this case the appellant and another were charged with
acquisition to the date of payment
pursuant to the Provisions of Section 145A(b) by
the Finance Act, 2009 w.e.f 01.04.2010 read with ... short "the 2009
Act") effective from 01.04.2010 has amended Section 145A and inserted
Clause (viii) in sub-Section (2) of Section
Assessing Officer as per the
provisions of Section 43B read with Section 145A of the Act.
However, the CIT(A), on appeal by the Assessee ... made by the Assessing Officer
under section 43B read with Section 145A of the Act
on account of Excise Duty?"
5. The revenue argues
issues during such
scrutiny in the original assessment was processing of section 145A
for valuation.
The
assessee had also preferred appeal before the Commissioner(Appeals ... unutilized CENVAT
credit was required to be considered for adjustment u/s.145A and the
income was arrived at without including the unutilized CENVAT
credit
