"19 January 1967" Archive

ITO must estimate Income on fair basis and not arbitrarily if Assessee not maintained sufficient books of account

Badrinath Agarwal. Vs Commissioner of Income-Tax, U. P. (Allahabad High Court)

Badrinath Agarwal v. CIT (Allahabad High Court) 65 ITR 242 (All. ) In estimating the income the conditions of trade obtaining and the average margin of profit in the particular line of business are to be borne in mind. It is clear that these factors in the present case have been kept in view and, therefore, it is not possible to say that ...

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Notification: S.O.289 Date of Issue: 19/1/1967

Notification: S.O.289 (19/01/1967)

In pursuance of clause (42A) of section 2 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the 31st day of May, 1966, as the later date for the purposes of the period referred to in the said clause ...

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