added an amount of Rs.90,70,20,511/- u/s 11(3) of the Act as deemed income.
3. Before the Ld. Addl / JCIT ... being a
debatable one, no adjustment can be made by the CPC u/s 143(1) of the Act:
a) CIT vs. M/s. Mekins
total taxable income and accordingly made
disallowance of Rs.56,44,511/- ... proceeding to make a further disallowance of Rs.
5,644,511 u/s 14A over and above the suo moto addition by the asssessee
junior
stenographer. FIR No.247/2017 Under Section
377 / 511 IPC and Under Section 8 of POSCO Act was
filed against the present applicant ... instant case, though the FIR
No.247/2017 Under Section 377 / 511 IPC and Under
Section 8 of POSCO Act was filed against the present
computing book profit u/s 115JB .
Ground of revenue's appeal (ITA No. 511/JP/2017):
1. Whether on the facts and circumstances ... allowing the deduction u/s
80IA in respect of such other income.
24
ITA No. 380,511, 381 & 512/JP/2017
Rajasthan State Industries
application (CA No. 26 of 2018) under Section 43, 45, 60(5)(a)
& 66 read with Section 25(2)(J) of the Insolvency ... 511, 524 of 2018
14
2016 and 4th March, 2016 are fraudulent and wrongful transactions within
the meaning of Section
been
ruled out(page 511) :
" Section 147 authorises and permits the Assessing Officer to assess or, re-
assess income chargeable
original assessment order passed u/s 143(3) on
31.03.2006, which is beyond 4 years as per limitation
provided in section 154(7) . However ... assessment was completed on 31.03.2006 as book profit Rs.
37,55,50,511/- u/s 115JB. Income under normal provision was
assessed at Nil after
Naresh Kumar Arora is facing criminal case prosecution under
section 328 read with Section 511, 323, 506, 342, 451 read with
section ... Naresh Arora,
bearing FIR No. 322 dated 24.8.06 under Sec. 328 r/w sec.
511, 323, 506, 342, 451 r/w 34 IPC PS Tilak
partly allowed the appeal
filed by the assessee against penalty order passed u/s 271 (1) (c) of the Income
Tax Act, 1961 (for short ... passed after making disallowance of Rs.
14,97,38,511/- u/s 80IB, Rs. 21,70,628/-
erred
in confirming the levy of penalty of Rs. 5,32,511/- imposed u/s
271(1)(c) of the Act.
3. The brief facts ... 2018
4. Thereafter, the AO levied penalty of Rs. 5,32,511/- u/s
271(1)(c) of the Act being
