made in the assessment by applying the provisions of
sec. 145A of the Income Tax Act, 1961, instead of
confirming the said addition ... Auditor himself had quantified the
profits as per the provisions of sec. 145A at
Rs.10,90,44,768/- whereas the net profit
inclusion of Excise duty as per the provisions of section 145A
Rs. 2,68,423/-.
c. Disallowance of unpaid bonus ... noted that the
assessee has not applied the provisions of section 145A by including the value of
excise duty of Rs. 2,68,423/- while
further thereto, amendment of section 145A
of the Act. We note that the assessee contended that the interest received
u/s. 28 of the Land ... proceedings and by applying the provisions u/s.
56(2)(viii) and 145A(b) r.w.s. 57(iv) of the Act by holding that
interest received on
enhanced compensation referred to in clause (b) of section 145A is income
5
ITA No.532/PUN/2017 ... also in view of the amendments brought
in by substitution of section 145A of the Act and insertion of clause (iii) to
section
adjustment on account of cenvat of Rs. 20,78,375/- under section
145A of the Act:
1. erred in confirming the action ... Appellant has not followed the
inclusive method of accounting as per section 145A of the Act and it is
not possible to verify the correctness
reply,
pointed out that in view of the provisions of section 145A of the Act and the
Circular No.772 of CBDT, any tax, duties ... which the payment
of Rs.8,00,000/- only, provisions of section 145A r.w.s. 43B of the Act were
squarely applicable
taxable under Section 56(2)(viii) r.w.s. 145A(b) of the Act. The CIT(A)'s
detailed discussion affirming the Assessing Officer ... officer
referred to the provisions of section 56(2)(viii) and Section 145A of the Act and
held that the legislative intent behind the amendments
background in
which, sec. 1458 (1), which was substituted for erstwhile sec. 145A(b)
which was brought in by FA 2009.
5.9.1. Your Honour ... memorandum to FB 2009 (pg. no 80 of
paper book), sec. 145A was amended to address the situation arisen
owing to judgement
section
56(2)(viii) r.w.s. 57 (iv) r.w.s. 145A(b) of the IT Act, 1961 , not
appreciating that the said amount ... 2025 [A]
56(2)(viii) r. w. s. 57(iv) and section 145A(b) of the L. T. Act, 1961.
Deduction
section
56(2)(viii) r.w.s. 57 (iv) r.w.s. 145A(b) of the IT Act, 1961 , not
appreciating that the said amount ... 2025 [A]
56(2)(viii) r. w. s. 57(iv) and section 145A(b) of the L. T. Act, 1961.
Deduction
