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The Income Tax Officer, Jammu vs Sh. Sudershan Kumar Sharma, Jammu on 30 May, 2019 cites

Income-Tax Officer vs Smt. Sudershan Kumari on 9 December, 1983

ITO v. Sudershan Kumar Sharma Before parting, it may be added that the AO shall adopt a realistic approach in the matter, as it may be that the assessee does not have or has not retained the vouchers for all the expenses, notably diesel expenses, claimed at Rs.4.28 lacs on a receipt of Rs.28.49 lacs, in which case the assessee shall clarify a reasonable basis for the same.
Income Tax Appellate Tribunal - Amritsar Cites 7 - Cited by 2 - Full Document

Commissioner Of Income-Tax vs President Industries on 20 April, 1999

3. Before us, it was argued by the ld. counsel for the assessee, Sh. Jain, relying CIT v. President Industries [2002] 258 ITR 654 (Guj) and CIT v. Balchand Ajit Kumar [2003] 263 ITR 610 (MP) that the entire receipt could not be regarded as undisclosed income, and that it is only the profit embedded in the sale receipt which could be regarded as income and subject to tax, and toward which the first 3 ITA No. 194/Asr/2016 (AY 2011-12) ITO v. Sudershan Kumar Sharma appellate authority had made a reasonable estimate at 8%.
Gujarat High Court Cites 0 - Cited by 223 - A R Dave - Full Document

Commissioner Of Income-Tax vs Balchand Ajit Kumar on 14 April, 2003

3. Before us, it was argued by the ld. counsel for the assessee, Sh. Jain, relying CIT v. President Industries [2002] 258 ITR 654 (Guj) and CIT v. Balchand Ajit Kumar [2003] 263 ITR 610 (MP) that the entire receipt could not be regarded as undisclosed income, and that it is only the profit embedded in the sale receipt which could be regarded as income and subject to tax, and toward which the first 3 ITA No. 194/Asr/2016 (AY 2011-12) ITO v. Sudershan Kumar Sharma appellate authority had made a reasonable estimate at 8%.
Madhya Pradesh High Court Cites 3 - Cited by 88 - D Misra - Full Document

Commissioner Of Income-Tax, Uttar ... vs Devi Prasad Vishwanath Prasad on 1 August, 1968

The Apex Court has per its' decisions, as in CIT v. Devi Prasad Vishvanath Prasad [1969] 72 ITR 194 (SC) and Roshan Di Hatti v. CIT [1977] 107 ITR 938 (SC) abundantly clarified that where there is an unexplained credit, it is open to the Income-Tax Officer to hold that it is the income of the assessee, and no further burden lies on him to show that the income is from any particular source. It is for the assessee to prove that, even if the cash credit represents income, it is from the source which has already been taxed.
Supreme Court of India Cites 5 - Cited by 187 - Full Document

Roshan-Di-Hatti vs Commissioner Of Income Tax on 8 March, 1977

The Apex Court has per its' decisions, as in CIT v. Devi Prasad Vishvanath Prasad [1969] 72 ITR 194 (SC) and Roshan Di Hatti v. CIT [1977] 107 ITR 938 (SC) abundantly clarified that where there is an unexplained credit, it is open to the Income-Tax Officer to hold that it is the income of the assessee, and no further burden lies on him to show that the income is from any particular source. It is for the assessee to prove that, even if the cash credit represents income, it is from the source which has already been taxed.
Supreme Court of India Cites 8 - Cited by 285 - P N Bhagwati - Full Document

The Income Tax Officer, Jalandhar vs Sh. Sarwan Singh Phillaur, Jalandhar on 14 February, 2019

(Rs.92,63,133 - Rs.28,49,360) In appeal, the ld. CIT(A) was of the view that the assessee having no other source of income, the undisclosed receipts ought to be regarded, as contended, as the business receipts of his transport business, and which may be assessed at, again, as contended, eight per cent. (8%) thereof, even as held by the Tribunal in Sarwan Kumar Sharma v. ITO (in ITA No. 2302/Ahd/2011).
Income Tax Appellate Tribunal - Amritsar Cites 5 - Cited by 1 - Full Document

Pr. Commissioner Of Income Tax ... vs M/S Pepsi Food Pvt. Ltd on 2 February, 2018

The decision by the Hon'ble jurisdictional High Court in Khushiram & Sons Foods Pvt. Ltd. (supra) is in tandem with the said decisions, supporting the Revenue's case. The decisions relied upon by the assessee do not detract therefrom or support the assessee's case in-as-much as they are premised on the fact that the sales cannot be regarded as income, and which is only axiomatic. Whether, however, the same, in fact, represent sales, is the question - a matter of fact, the onus to show which is on the assessee.
Supreme Court - Daily Orders Cites 0 - Cited by 1 - Full Document
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