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Documents citing Commissioner Of Income Tax vs M/S Partap Singh Rajender Chamola on 19 March, 2016

Subodh Gupta, Delhi vs Acit, Circle-62(1), New Delhi on 15 February, 2019

5. Further, the Ld. counsel relied on the decision of the Tribunal, Kolkata bench dated 20/01/2016 in the case of ACIT Vs. M/s Gourangalal Chatterjee Construction Private Limited, wherein net profit estimated at the rate of 8%, was reduced to 2.5% after allowing statutory expenses like depreciation interest on borrowed capital, etc. He also relied on the decision of the Tribunal, Ahemedabad bench in the case of Quality Construction in ITA No. 4544/Ahd./2007 and others and submitted that in the said case the Tribunal confined the net profit at the rate of 3.25% of the receipt. The Ld. counsel also referred to decision dated 22/05/2015 of the Hon'ble High Court of Delhi in the case of CIT- 21 Vs Rajender Singh, wherein the Hon'ble High Court upheld the decision of the Tribunal confirming the net profit rate of 1.94% estimated by the Ld. CIT(A).
Income Tax Appellate Tribunal - Delhi Cites 8 - Cited by 1 - Full Document

Jagbir Singh Nehra Prop. Shiv Shankar ... vs The Deputy Commissioner Of Income Tax ... on 11 June, 2024

Ltd., (supra) and the Chandigarh Bench of the ITAT in the case of 'Dy. CIT vs. Partap Singh Rajendra Chamola & Co.' In this case, the ITAT Chandigarh Bench has held "No addition in block assessment can be made solely on the basis of statements recorded during search. Such statements cannot be treated as incriminating material found in the course of search."
Income Tax Appellate Tribunal - Chandigarh Cites 4 - Cited by 0 - Full Document

Acit, New Delhi vs Shri Amritpal Singh, New Delhi on 14 May, 2018

10. We, therefore, find that disallowing the addition of Rs.2,75,28,200/- u/s 40(a)(ia) of the Act is contrary to the findings of the Tribunal in ITA No.6009/Del/2012 and also to the decisions of the Hon'ble jurisdictional High Court in the case of Rajender Kumar (supra) and Ansal Landmark Township (supra). We according uphold the finding of the learned CIT(A) and dismiss the grounds of appeal in ITA No.6797/Del/2015.
Income Tax Appellate Tribunal - Delhi Cites 24 - Cited by 0 - Full Document
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