accounting principle. The Assessing Officer should have granted the
benefit of telescoping to the assessee in respect of above additions. The
Commissioner of Income ... assessee by the directing the Assessing Officer to give the benefit of
telescoping while computing penalty. Against, the findings of
Commissioner of Income Tax (Appeals
Kirti Dal Mils Ltd., Nashik vs Department Of Income Tax on 22 May, 2013
1
further held that the assessee is eligible for telescoping benefit of undisclosed
income of Rs.2,35,09,000/- and accordingly directed the Assessing Officer ... observing that the respondent appeared to be
prima facie eligible for telescopic benefit without conducting any
examination of the source and nature of the alleged
further held that the assessee is eligible for telescoping benefit of undisclosed
income of Rs.2,35,09,000/- and accordingly directed the Assessing Officer ... observing that the respondent appeared to be
prima facie eligible for telescopic benefit without conducting any
examination of the source and nature of the alleged
personal expenses, excess cash balance will transpire which will be available for
telescoping of DIARY credit entries and other incriminating material seized
during search ... learned AO‟s addition of Rs.
1,90,71,302 without granting telescoping benefits of -
a) introduction of cash withdrawn by partners earlier for house
personal expenses, excess cash balance will transpire which will be available for
telescoping of DIARY credit entries and other incriminating material seized
during search ... learned AO‟s addition of Rs.
1,90,71,302 without granting telescoping benefits of -
a) introduction of cash withdrawn by partners earlier for house
personal expenses, excess cash balance will transpire which will be available for
telescoping of DIARY credit entries and other incriminating material seized
during search ... learned AO‟s addition of Rs.
1,90,71,302 without granting telescoping benefits of -
a) introduction of cash withdrawn by partners earlier for house
personal expenses, excess cash balance will transpire which will be available for
telescoping of DIARY credit entries and other incriminating material seized
during search ... learned AO‟s addition of Rs.
1,90,71,302 without granting telescoping benefits of -
a) introduction of cash withdrawn by partners earlier for house
Commissioner of Income Tax (Appeals) erred in giving the
telescopic benefit to the assessee as the assessee made voluntary
disclosures based on incriminating material detected ... allowing the
amount of Rs.2,53,59,490/- by way of telescopic benefit as the assessee
had made the disclosure without any force
held that the appellant is allowed to
claim telescopic effect of the additions made and the appellant be
granted consequential relief in accordance with ... profits from unaccounted business activities. The
ld. AR prayed that the telescopic effect of the cash declared may be given to
the assessee against addition
