Northern Alkalies (P) Ltd. In the return, he disclosed income under Section 44AE of the Income Tax Act (hereinafter referred ... been his meeting daily expenses. The plea raised under Section 44AE of the Act was rejected by him on the ground that the assessee
because the case of the assessee falls outside the ambit of Section 44AE as the amendments at any time during the previous year in Section ... 44AE is effective from 1st April, 2004. The assessee's case is related to asst. yr. 2001-02, hence clause at any time during
ensure that the statutory provisions of Sec.44AE were complied with or it
would amount to a redoing of the assessment?"
2. The facts ... lorries were to be disallowed while resorting to estimating income
under Section 44AE of the Act and hence, the same was to be rectified
ensure that the statutory provisions of Section 44AE were complied with or it would amount to a redoing of the assessment?
2. The facts leading ... made addition by estimating the business income from 2 lorries under Section 44AE at Rs. 48,000/- and declared the assessment
appellant and estimating the income of the appellant under section 44AE of the Act at Rs, 1,41,000."
2. The appellant ... account and estimation of income by invoking the provisions of section 44AE of Income Tax Act. The facts in brief were that the appellant
operation would not be covered by Section 194C . Petitioners also relyon Section 44AE of the Act, indicating that the subject of transport of goods hasbeen ... separately dealt with and it is not possible to reconcile Section 44AE withSection 194C.
(6) This last submissions need not detain us long, because. Section
income therefrom had been declared on
estimate basis under Section 44AE of the Income Tax Act (for short
the 'Act'). The remaining ... receipts from the trucks were declared on
estimate basis under Section 44AE . On the other hand, huge
.
expenses of `1,18,82,601/- were debited
partners of firms opting for estimation of income under Sections 44AD and 44AE of the Income-tax Act, 1961 (in short ... Income-tax Act. Hence, Sections 44AD(2) and 44AE(3) only state this obvious position by way of clarification. However, in view
under:
"Moreover, as we have already discussed, regarding provisions of section 44AE, we are of the opinion that once income declared by the assessee ... make an assessment under section 143(3) as provided in section 44AE(6). The language of sub-section (6) empowers the assessing officer to make
income therefrom had been declared on
estimate basis under Section 44AE of the Income Tax Act (for short
the 'Act'). The remaining ... receipts from the trucks were declared on
estimate basis under Section 44AE . On the other hand, huge
.
expenses of `1,18,82,601/- were debited
