TaxTMI 
TaxTMI 
2022 (2) TMI 1086
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....Jabalpur ('CIT(A)' for short) vide a common order dated 01/01/2013. The appeals raising a common issue, were heard together, and are being disposed of per a common order for the sake of convenience. 2. At the very outset, it was submitted by the ld. counsel for the assessee, Shri Srivastava, that the appeals under reference are covered against it by the common order by the Tribunal in its' own case for AYs. 1994-95 to 2001-02 (in ITA Nos. 47-54/Jab/2003, dated 19.6.2006), copy of which stands placed on record. The assessee, a partnership firm, is engaged in business of plying trucks. The sole issue in the instant appeals, he continued, is whether the taxable income of the assessee is to be taken at the presumptive rate of ....
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....1) Notwithstanding anything to the contrary contained in sections 28 to 43C, in the case of an assessee, who owns not more than ten goods carriages and who is engaged in the business of plying, hiring or leasing such goods carriages, the income of such business chargeable to tax under the head "Profits and gains of business or profession" shall be deemed to be the aggregate of the profits and gains, from all the goods carriages owned by him in the previous year, computed in accordance with the provisions of sub-section (2). (2) For the purposes of sub-section (1), the profits and gains from each goods carriage shall be an amount equal to seven thousand five hundred rupees for every month or part of a month during which the go....
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....assessment year commencing on the 1st day of April, 1997, or any earlier assessment year, are lower than the profits and gains specified in sub-sections (1) and (2), and thereupon the Assessing Officer shall proceed to make an assessment of the total income or loss of the assessee and determine the sum payable by the assessee on the basis of assessment made under sub-section (3) of section 143. (7) Notwithstanding anything contained in the foregoing provisions of this section, an assessee may claim lower profits and gains than the profits and gains specified in sub-sections (1) and (2), if he keeps and maintains such books of account and other documents as required under sub-section (2) of section 44AA and gets his accounts a....
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....asis of section 44AE or than as returned. Since the provisions of Section 44AE is to be applied as a whole, if a higher income is declared then the same is to be applied. The plea of the assessee is that it is the returned higher income (which) is to be considered and not (the) actual higher income depicted in the audited accounts. In our considered view such plea is untenable because the amounts, which are to be taken into account while determining the income of the assessee are as per audited accounts and not what is returned by the assessee. Therefore, plea of the assessee in this regard is rejected. As such while concurring (with) the finding and conclusion as drawn by the ld. CIT(A), we uphold his order and dismiss this common ground o....
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....s. 1672-1675 of 1996, dated 11/5/2011], that no decision by any court, including itself, can be read in the manner as to nullify the express provisions of an Act. For the second aspect (b), it is again well-settled that the assessment of income under the Act is to be, subject to the provisions of the Act, of the real income, for which reference may be made to section 5 defining the scope of 'total income' under the Act (also see Poona Electric Supply Co. Ltd. v. CIT [1965] 57 ITR 521 (SC)). The argument of giving cognizance to the returned income de hors the audited accounts, which is admittedly higher than the presumptive rate u/s. 44AE, can hardly have the sanction of law. 3.3. I, therefore, have no hesitation in, notwithstandi....