Indian Kanoon - Search engine for Indian Law

Deputy Commissioner Of Income Tax, ... vs Zari Silk (India) Pvt. Ltd. , Narayan ... on 9 January

Zari Silk (India) Private ... vs Deputy Commissioner Of Income Tax, ... on 9 January, 2025 vk

Goverdhan Sigh Shekhawat, Jaipur vs Ito, Jaipur on 11 January, 2019 vk;dj vihyh; vf

section 54H . The AO rejected these submissions and concluded that since the net consideration was neither deposited in capital gain account balance till ... content of the section which says that in case of compulsory acquisition of land, the period of 6 months referred to in the sub section

immovable property used for residence, land used for agricultural purposes, compulsory acquisition of lands and buildings and other capital assets are exempt from income ... After the aforementioned amendments, where the amount of capital gains or the net consideration, as the case may be, is not appropriated or utilized

net profit equal to 8% of total turnover or higher. Section 44AD is overriding provision and if assessee don't declare minimum net income ... accounts to be audited u/s 44AB of the Act, compulsory. If any assessee covered u/s 44AD , provision of section

being difference between the net profit as on date of survey worked out at Rs. 1,55,50,161/- and net profit declared ... total income of Rs. 52,18,160/-. The case was selected under compulsory manual selection of scrutiny. Notice u/s 143(2) was issued

total income. In our view, it should be reduced from the net profits as per profit & loss account while computing the book profits ... same cannot be subjected to tax. Accordingly, compensation received on compulsory acquisition of Rural Agriculture land is outside the purview of taxability under normal provisions

2012_ ACIT Vs Smt. Vinita Agarwal Thus, the compensation/consideration received on compulsory acquisition of the land of the assessee by the JDA and short ... Short term capital loss Rs. 6,65,000/- Net Short term capital gain On acquisition of land by JDA Rs. 3,07,00,000/- Loss

preceding years when there were no purchases from SKS. Even of the compulsory requirement of consumable material is allowed on an estimate looking ... furnished by the assessee: A.Y. Gross receipt G.P. G.P. Net Profit % Consumption of % of Consumption Rate consumables vis-à-vis receipts