assessee has pleaded that multiple additions have been made and suitable telescoping effect should be given, which has been denied to the assessee by lower ... given. The estimate is unjustified. It was further contended that suitable telescoping effect in this respect should also be given.
13. In respect of ground
telescoping against the other income or addition. The assessing officer, is therefore, directed to allow appropriate credit/set off the same while giving effects ... raised in ground No. 6 relating to the peak credit working, telescoping effects, etc. has already been considered and adjudicated by us at the appropriate
crores. What it in essence has done is that, it has
telescoped the effect of the order passed by TNERC dated
29.07.2016 in PPAP ... judis
W.P.No.24498 of 2018
Sugars, it cannot telescope the effect of order passed by TNERC in
Sakthi Sugars case to the petitioner
crores. What it in essence has done is that, it has
telescoped the effect of the order passed by TNERC dated
29.07.2016 in PPAP ... Sugars, it cannot telescope the effect of order passed by TNERC in
Sakthi Sugars case to the petitioner.
d) Thirdly
Whether the Tribunal justified in confirming
the loans without giving telescoping effect to
the addition income offered for the said
assessment year
case and in law the
Honourable ITAT is right in giving telescopic effect on the GP
addition out of the income from illicitly cleared goods ... Tribunal's opinion that some of the additions can be
telescoped into a larger addition on the basis of gross-profit ratio
proceeds of diamonds were required to be given
set-off by telescoping effect with the cash funds deposited in the
FDRs in the name
over a period for the entire career, it may
have a telescopic effect. A prospect of future promotion could
be delayed at every level
assessee's books and not after
8
giving effect of telescoping the suppressed sale
consideration. The further finding of the Appellate
Authority that
stood amended at the relevant time with effect from the 1st April, 1964 ?"
2. The assessee is a registered firm and the assessment year ... assessee.
13. Submission on behalf of the revenue that the effect of telescoping of the income was that the assessee accepted that it had concealed
