assesses, it is said, are dealers in scientific instruments, telescope, magnifiers, microscope, etc. The assessing officer, viz., the Commercial Tax Officer, Triplicane-I, Assessment Circle ... TNGSTA"). Entry 8 included in its fold, "binoculars, telescopes and opera glasses". The assessee-dealers' claim is that : theodolite
that during search in presence of witnesses, a bullet
proof jacket, four telescopic rifles sight devices, one night vision
device, two walky talky, rifle cleaner ... they are;
M. Ext. - I Night Vision Device
M. Ext. - II Telescopic night device
M. Ext. - III to III/2 Three telescopic night devices
under:
4. The complainant filed a complaint that he was
having three Telescopes having description as Bushnell
Banner Telescope 3x9 variable powers, new brand
condition ... other two Telescopes of Bushnell Range
Finder 4x9 variable powers new brand conditions which
were brought by him from USA by clearing it from
unexplained cash
credit, holding that the assessee is entitled for the telescopic
benefit of the income surrendered during the year to the cash
deposit ... respondent pointed out to the
Assessing officer that he is entitled to telescopic set off of unexplained
income surrendered as income against its subsequent application
directed to be deleted.
b) The plea of the appellant regarding telescoping of excess jewellery is
rejected because of lack of any documentary evidence ... setting aside the order of
the CIT(A) on the issue of telescoping of deficit in the explained cash for
making payment towards purchase
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 ... additions have been made on account of various other assets and the telescoping has to be given. Reference was made to CIT v. Jawanmal Gemaji
strawboard" was classified under Clause 2 of the standard telescopic classification without any wagon load scale, so that the same class rate applied ... will apply. It is by virtue of this power that the standard telescopic class rates, which are to be found in Rule
wagaons by forming 20 BG wagons at train load under telescopic rate benefit and refund the
over-charges of Rs.4,88,905/- (Rupees Four ... respondent cannot claim the benefit of train load class rate and telescopic
benefit. The Railways contended that they are protected under Section
selling antique articles and he is in possession of three Monocular
[Telescope], namely, Monocular-1[Kelvin & Hughes 1818 year],
Monocular-2[Telescope] and Monocular ... London-
1940] for three generations and the value of the three Monocular
[Telescope] are around Rs.1 Crore. For the purpose of selling, the three
that the credits in capital account, offered as
business income should be telescoped for the
purpose of arriving net income and whereby
confirmed double addition ... addition under the head business of sale of
paddy and rice without telescoping the credits in
capital account, offered as business income for the
purpose
