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NavIn Kumar Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Amritsar

Subject : Direct Taxation

Reported in : (2006)99TTJ(Asr.)267

of "Convention to be observed by the Members" as contained in the Departmental book "Convention and Other Useful Information for Members of the Tribunal" under the head "Procedure in the cases of dissent" and learned AM refused … and on his request, the penalty proceedings were adjourned for 14th Jan., 2000. On 13th Jan., 2000, the assessee submitted written submissions, vide letter dt. … in sustaining the penalty of Rs. 30,000 each imposed by the AO under Section 271D of the IT Act, 1961, for each of the above-mentioned assessment years.3. The facts of the cases are that during the course … Harbans Lal, wherein he stated that he had advanced loans of Rs. 80,000 repayable in instalments of Rs. 100 per day. He further stated that

Secure Meters Ltd. Vs. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Jodhpur

Subject : Direct Taxation

earlier also taken a similar view in its decision dt. 8th February, 2000 in ITA No. 667/Jp/1993 for asst. yr. 1986-87 in the case of … from 80HH to 80VV. He has contended that accordingly all brought forward losses will have to be deducted first before allowing relief of special deduction.6. In the rejoinder, the learned authorised representative of assessee has contended that … yr. 1992-93 is directed against the order of CIT(A), Udaipur dt. 21st July, 1994, whereby he confirmed the action of AO in allowing deduction under ss. 80HHC and 80HHE (in Chapter VI-A) only after considering the brought … the same including the income of the particular nature specified in any section under heading 'C' in Chapter VI-A and that here the deeming provisions … action of AO in allowing deduction under ss. 80HHC and 80HHE (in Chapter VI-A) only after considering

Assistant Commissioner of Income Vs. Asian Exim International

Court : Income Tax Appellate Tribunal ITAT Amritsar

Subject : Direct Taxation

Reported in : (2008)113TTJ(Asr.)427

under Section 148 of the IT Act in the case of appellant. I have also gone through the information available on case records. It is gathered from record that before resorting to action under Section 148 of … the law and facts of the case. 2. That even on merits the disallowance of deduction under Section 80-IB is wrongly made by the AO. The AO has gravely erred in deducting the amount of DEPB including

Deputy Commissioner of Income Tax Vs. Mangalam Cement Ltd.

Court : Income Tax Appellate Tribunal ITAT Jaipur

Subject : Direct Taxation

Reported in : (2005)92TTJ(JP.)1

synopsis of their arguments. From the submissions made, it was found that both the parties have furnished further information on which certain clarifications were required. The case was accordingly re-fixed for hearing and parties were directed to … own case in ITA No. 1584/Jp/1993 for asst. yr. 1992-93 dt.16th June, 2000, in which one of us, the learned JM was also a party, … v. Union of India and Ors. (1985) 155 ITR 120 (SC). It has also been contended that the activity did not amount to expansion of existing business as the assessee has started altogether a different business. The … altogether a different business. The assessee has also claimed separate deduction under Section 80-1 which was not considered by the Tribunal. Since assessee did not

Moolchand Kharaiti Ram Hospital vs.workers Thru m.k.r.h.karamchar

Court : Delhi

Subject : Land Acquisition

effectively conclude the factual position that the respondent- Hospital was established not for the purpose of profit.50. At first glance, there appears to be some substance in the contention of Mr. Manish Sharma. However, the definition of … expenditure and resultant surplus of the petitioner-Hospital for the years 1991-1992 to 2000-2001.17. In view of the two affidavits filed by him, MW-1 M.K. Kaushik … Trust under Section 10(23)(C)(via) of the IT Act, Ex. MW-(collectively) were letters, granting exemption, to the Trust under Section 80-G of the IT Act, Ex. MW-to MW-W.P.(C) 17938/2004 Page 9 of 32 were Income Tax Assessment orders of

Schenectady Beck India Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)92TTJ(Mum.)872

AO is thus prejudicial to the interest of Revenue." 4. Shri Khare, the learned counsel for the assessee first drew our attention to the highlights of the agreement which are as follows: Clause (1) Agreement to lease-Lessee … two appeals are directed against the orders of the CIT, City-IV, Mumbai, under Section 263 of the IT Act and the main common ground raised reads as under: "The learned CIT made a grievous error by assumption … to the AO to verify the assessee's claim for deduction under Section 80-I of IT Act, 1961.19. The narrow point for consideration before us is

The Mavilayi Service Cooperative Bank Ltd. Vs. Commissioner Of Income ...

Court : Supreme Court of India

Subject : Direct Taxation

the commencement of the Kerala Co-operative Societies (Amendment) Act, 1999 (1 of 2000). Provided further that if the above principal object is not fulfilled, such … is only if activities relatable to agriculture are carried out that eligibility for deduction would arise in the first place under section 80P(1) and (2). The whole object of section 80P would be defeated if the Division … and raise important questions as to deductions that can be claimed under section 80P(2)(a) (i) of the Income-Tax Act, 1961 (“IT Act”); and in particular, whether these assessees are entitled to such deductions after the introduction of … raise important questions as to deductions that can be claimed under section 80P(2)(a) (i) of the Income-Tax Act, 1961 (“IT Act”); and in particular, whether

A.P.S.E.B. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2004)85TTJ(Hyd.)30

yrs. 1968-69 to 1970-71. The AO accepted this return on 24th Feb., 2000, vide his order made under Section 143(3) of the Act. The CIT … object to make profit at all and the Electricity (Supply) Act contains no provision for declaration of dividends.5.6. Section 80 of the Electricity (Supply) Act deems the board as a company for the purposes of IT Act and … classifying excisable goods uniformally. The whole objective of such circulars is to adopt a uniform practice and to inform the trade as to how a particular product will be treated for the purposes of excise duty. It

Escapade Resorts (P) Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2008)303ITR118(Coch.)

heard together and are now being disposed of by this common order for the sake of convenience.2. The first common issue in all appeals of the assessee is with regard to levy of interest under Section 234B … assessee is with regard to levy of interest under Section 234B and under Section 234C of the IT Act, 1961, when the tax liability arises under the provisions of Section 115JA of the Act. The assessee is … in developing, maintaining and operating infrastructure facilities under Sub-section (4A) of Section 80-IA are exempted from the levy of MAT, so that the incentive given

Subhash Gupta (individual) Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Jaipur

Subject : Direct Taxation

Reported in : (2003)78TTJ(JP.)692

filed every precise details as demanded from him and at no stage of assessment proceedings, he denied the information as demanded.The assessee also objected the remark of the AO that the assessee had fraudulently claimed the loss, … has completed the assessment at nil income vide order dt. 15th Feb., 2000, passed under Section 143(3) and has also initiated penalty proceedings under Section … CIT(A), dt. 30th March, 2001, confirming the penalty, imposed by the AO under Section 271(1)(c) of the IT Act amounting to Rs. 14,45,240. "1. On the facts and in the circumstances of the case the learned CIT(A) … notes : (2) The assessee made export sales but deduction under Section 80HHC is not applicable due to losses. He fulfils other conditions entitled under