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CanfIn Homes Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

Reported in : (2006)103TTJ(Bang.)108

the amount cannot be determined with certainty and represents only a best estimate in the light of available information." Accounting Standard 2 : Relating to disclosure of prior period and extra-ordinary items and changes in accounting policies … (P) Ltd. v. Dy. CIT (2004) 82 TTJ (Del) 259 : (2004) 87 ITD 298 (Del);CIT v. UP State Industrial Development Corporation Ltd. (1997) 139 … M/s National Housing Bank (NHB) as well as by CBDT for purposes of Section 36(1)(viii) of the IT Act, 1961.2.1 The appellant for purposes of meeting with the SLR requirement, invested amounts to the extent required in … are directed against the orders of learned CIT(A)-I, Bangalore, dt. 7th Aug., 2000.1.1 The first common issue in both the appeals is whether the income

Deputy Commissioner of Income Tax Vs. U.P. Forest Corporation

Court : Income Tax Appellate Tribunal ITAT Lucknow

Subject : Direct Taxation

for the asst. yrs. 1985-86 and 1986-87 respectively, the Tribunal issued notice under Section 254(2) of the IT Act dt. 30th Aug., 2000 requiring the assessee, M/s. U.P. Forest Corporation, Lucknow and the Revenue to state their … Supreme Court is concerned, it only sought that the issue of Section 11 cannot be raised for the first time before the High Court in its writ petition and in respect of Section 11, no issue has

Swami Ramdev & Anr. Vs.facebook, Inc. & Ors.

Court : Delhi

Subject : Right to Information

with the Rules are relevant. The same are extracted below: CS (OS) 27/2019 Page 63 of 76 The Information Technology Act, 2000 Section 2(j) ―computer network means the interconnection of one or more computers through- (i) the use of satellite, microwave, … are interpreted broadly. On the question of chilling effect, the court observes as under: “Chilling Effect And Overbreadth 87. Information that may be grossly offensive or which causes annoyance or inconvenience are undefined terms which take into

Rubab M. Kazerani Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)97TTJ(Mum.)698

the ITO's order was restored by the Tribunal because it found that the assessee had furnished the requisite information and the ITO had completed the assessment after considering all the facts. In CIT v. Gabrial India Ltd. … price of the real estate in Bangalore in view of its becoming the most vibrant centre of software technology in the country earning for itself coveted distinction of being called the Silicon Valley of India. Hence, the … ITR 83 (SC), specially the finding at p. 87 thereof which reads as under : 'There can … filed by the assessee against the order under Section 263 of the Act made by the learned CIT, Mumbai City-XIII, Mumbai, on 28th Feb., 2001, … correct assessment year for charging long-term capital gain would be asst. yr. 2000-01. (ii) In the MoU dt. 8th May, 1995, amount of Rs. 5.50

Amit Estate Organizer Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2008)113TTJ(Ahd.)1018

of the Act on 27th March, 2003 (for asst. yrs. 1995-96, 1996-97 and 1998-99) and on 28th Jan., 2000 for asst. yr. 1997-98. (ii) The second issue is with respect to rejection of assessee's books of account … that proceedings under Section 147 of the Act. for asst. yr. 1997-98 were initiated without there being any information/material with the Revenue which could make the AO to have reasons to believe that a particular income had … its books of account at Rs. 2,37,96,653. Thus a difference of Rs. 87,66,792 was found in the cost of construction debited in its books during

Assistant Commissioner of Income Vs. Vindhya Telelinks Ltd.

Court : Income Tax Appellate Tribunal ITAT Jabalpur

Subject : Direct Taxation

Reported in : (2007)107TTJJab149

Section 148 the appellant filed the returns. The appellant also received notices under Section 143(2) calling for further information on certain points in connection with the returns. Thereupon the appellant filed writ petitions challenging the notices. The … stated to be pending.5. The notice under Section 148 dt. 23rd Oct., 2000 was issued for the reasons that: (1) Original assessment was completed under … entire assessment was bad in law. 4. The appellant is relying on decision of R.L. Narang which is actually against the appellant. The appellant is not appreciating that valid notice under Section 148 is a condition precedent

Magudapathy Pictures Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (2006)99ITD534(Chennai)

was issued on or before 30th April, 1988. Even in the assessment order it is mentioned that the information was asked vide Income-tax Office letter dt. 13th July, 1988 to furnish the details of creditors. This means … 1987-88.2. ITA No. 452/Mad/1993 is against the assessment framed under Section 143(3) r/w Section 144 of the IT Act, 1961. ITA No. 303/Mad/2000 is against the penalty order under Section 271(1)(c) of the Act, for concealment of

Shamraj Moorjani Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2005)93TTJ(Hyd.)927

against separate but identical orders of the CIT(A)-II, Hyderabad, dt. 27th Oct., 2000, IT(SS)A No. 31/Hyd/2000 is filed by a partnership firm consisting of three … enable him to pay the tax. It was also stated in the said letter that the Dy. CIT informed them that necessary permission would be given for selling the property and directed them to search for purchasers. … paid the taxes as per the admitted income, by invoking the provisions of Section 249(4)(a) of the IT Act, 1961. The facts of the case are as follows.3. Shri Shamraj Moorjani, Shri Devraj Moorjani and Shri Vishnukumar

Smt. Mrudulaben B. Patel Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2003)80TTJ(Ahd.)390

sufficient to satisfy the requirement of Section 275.18. In this case the issue having been raised for the first time and the Revenue not having any opportunity to produce material on the basis of which one could … dispute involved in this appeal is relating to penalty of Rs. 59,302 under Section 271(1)(c) of the IT Act. The rival contentions have been heard and record perused.2. The relevant facts in this case are that the

Athena Solomon.K vs Union of India

Court : Kerala

the powers conferred by sub-section (1), clauses (z) and (zg) of sub-section (2) of section 87 of the Information Technology Act, 2000 (21 of 2000), and in supersession of the Information Technology (Intermediaries Guidelines) Rules, 2011, except as respect things