time for inter divisional transfer. The loss of seniority has a
telescopic effect in respect of the future career prospects, as promotions at all
levels
Whether the Tribunal justified in confirming
the loans without giving telescoping effect to
the addition income offered for the said
assessment year
submitted that
the A.O. has erred in not giving telescopic effect for the purpose of
calculating the alleged income.
5 IT A. No.2863AHD
unaccounted profit generated from the sale
outside the books by giving telescopic effect on addition made for
Rs.2,10,463/- due to difference ... further erred in granting benefit of telescoping for the
ITA No.1011/Ahd/2010 (AY: 2006-07) 5
ITO Ward -2, Bharuch Vs Shri Baldev
sustainable in law.
b. That principles of telescoping ought not have been ignored so far a s the
addition ... gross receipts of Rs. 2,15,54,000/-. If the telescopic effect is not
given, it shall amount to doubt taxation."
2. That without
Desai. Departmental appeal on this issue is dismissed.
37.1 So far as telescoping benefit granted by the learned CIT(A) of
peak deposits, the peak ... investments. The learned CIT(A) was, therefore,
justified in holding that telescoping effect of peak balance of bank
accounts is available to the assessee
Amritsar, has erred in not
allowing the telescopic effect to the withdrawals made from the
banks for the deposits made in the bank.
4. That
lakh are
outside the purview of penalty because after giving telescoping
effect, as per the order of CIT (A) dated 22/01/2010 .the addition
allowing claim of
deduction u/s 80HH & 80I while giving appeal effect. We do
not find any infirmity in the direction ... stands deleted, the
Assessing Officer while giving appeal effect is
directed to take into, account the telescopic
adjustment, if the need be, to work
Rashid Wali Beg effect is all about unifying what was hither to be
considered as the two domains of jurisdiction by telescoping the jurisdiction
under ... petitioner is taken care of by the Rashid Wali Beg effect; and (b) that the revision
petitioner approached this Court and invited an order