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Documents citing The Commissioner Of Income-Tax, Bombay ... vs The Ahmedabad New Cotton Mills Company ... on 4 November, 1929

Ramswarup Bengalimal vs Commissioner Of Income-Tax, U.P. & ... on 28 September, 1953

In view, however, of the observations made by their Lordships of the Judicial Committee in Commissioner of Income-tax, Bombay presidency v. Ahmedabad New Cotton Mills Company Limited, referred to above, and commissioner of Income-tax, Bombay v. Sarangpur Cotton Manufacturing Co. Ltd., Ahmedabad, we must hold that how the closing stock was to be valued must also be deemed to be part of the method of accounting.
Allahabad High Court Cites 9 - Cited by 8 - Full Document

The Indo-Commercial Bank, Ltd. vs The Commissioner Of Income-Tax on 2 March, 1961

13. The learned Counsel for the Department relied on the observations of the Privy Council in Commissioner of Income-tax v. Ahmedabad New Cotton Mills Co., Ltd. (1930) I.T.R. 54 Bom. 213 : A.I.R. 1930 P.C. 56 : 4 I.L.C. 245 and extract from which we set out earlier in another context. That however is not authority for the proposition for which the learned Counsel contended, that no change is ever permissible, in the sense that a change in the method of accounting with nothing more brings into play the Proviso to Section 13.
Madras High Court Cites 10 - Cited by 55 - Full Document

Kantilal Chandulal Dharia vs Commissioner Of Income-Tax, Bombay ... on 5 August, 1975

In support of his contention he relied upon a decision of the Privy Council in the case of commissioner of Income-tax v. Ahmedabad New Cotton Mills Co., Ltd., and pointed out that the bar of limitation which was regarded by the Tribunal as an insuperable difficulty, did not arise at all in the instant case inasmuch as the reassessment that was made by the Income-tax Officer was for the assessment year 1959-60, and it was in respect of the opening stock of that very assessment year that an adjustment on account of under-valuation of the opening stock was sought by the assessee. It is not possible to accept this contention of Mr. Patil for the reasons we shall presently indicate.
Bombay High Court Cites 3 - Cited by 0 - V D Tulzapurkar - Full Document

Kantilal Chandulal Dharia vs Commissioner Of Income-Tax on 1 August, 1974

In support of his contention he relied upon a decision of the Privy Council in the case of Commissioner of Income-tax v. Ahmedabad New Cotton Mills Co. Ltd., and pointed out that the bar of limitation, which was regarded by the Tribunal as an insuperable difficulty, did not arise at all in the instant case inasmuch as the reassessment that was made by the Income-tax Officer was for the assessment year 1959-60, and it was in respect of the opening stock of that very assessment year that an adjustment on account of under-valuation of the opening stock was sought by the assessee, It is not possible to accept this contention of Mr. Patil for the reasons we shall presently indicate.
Bombay High Court Cites 3 - Cited by 3 - Full Document

Raghubar Mandal Harihar Mandal vs The State Of Bihar on 8 January, 1952

I respectfully agree with the observation of a well-known Judge in England, quoted with approval in this Allahabad case, that there is no rule of law compelling a Judge to accept evidence, even though it is uncontradicted, which he believes to be a pack of lies, and, similarly, if the Income-tax Officer makes fair observation of his own in an honest attempt to arrive at a decision, he is perfectly justified in doing so and in acting upon it. L further agree with their; Lordships' view that the sooner- it is understood that these are questions of fact the better it is arid that the application to state cases must be discouraged in matters which, on ultimate analysis, are really only questions of a lair figure of assessment.
Patna High Court Cites 15 - Cited by 1 - Full Document

Sukhdeodas Jalan vs Commr. Of Income-Tax on 13 September, 1954

"Their Lordships desire to add that the view of the Assistant Commissioner that the Income-tax Officer is prima facie entitled to accept the profits shown by the accounts, where there is a method of accounting regularly employed by the assessee is not a correct view. It is the duty of the Income-tax Officer, where there is such a method of accounting to consider whether income, profits and gains can properly be deduced therefrom, and to proceed according to his judgment, on this question. It is clear that the Income-tax Officer, acted on the same view as that expressed by the Assistant Commissioner, and did not perform the duty above stated. The case of -- 'Commr. of I. T., Bombay v. Ahmedabad New Cotton Mills Co. Ltd.', AIR 1930 PC 56 (B), is of no assistance on the present question."
Patna High Court Cites 10 - Cited by 19 - Full Document
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