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Smt. Mina Deogun Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Land Acquisition

Reported in : (2008)117TTJ(Kol.)121

under the head 'House property' and be further directed to allow statutory deductions permissible under Section 24 of the IT Act.3. Both the parties were heard regarding the issues raised by the assessee and its legal implications.4. During the … Registered Valuer. As per that valuation report, the fair market value of the property was determined at Rs. 73,60,975. The 1/4th share of the assessee's share came to Rs. 18,40,244 and was considered as cost of acquisition

Deputy Commissioner of Income Tax Vs. CochIn Malabar Estates and

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2006)104TTJ(Coch.)434

No. 177/Coch/2003), the CIT(A) has held as under: The AO issued notice under Section 148 on 2nd March, 2000 for the similar reasons as in the asst. yr. 1987-88. The AO thereafter completed the assessment under Section … all the appeals: 1. The order of the CIT(A) in ITA Nos. 73, 74, 75, 76, 77 and 78/DC/R-1/CIT-II/2002-03 dt. 16th Dec., 2002 is opposed … return of income for the asst. yrs.1987-88, 1988-89, 1989-90, 1990-91, 1991-92, 1992-93 and 1993-94 under Section 139 of the IT Act on different dates. The assessments of the assessee were completed initially under Section 143(3), but subsequently proceedings were

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

Court : Delhi

Subject : Right to Information

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, … the requirements of federal law, especially when there are no adequate remedies available.‖)(quoting Valle del Sol Inc. Whiting, 732 F.3d 1018, 1029 (9th Cir.2013)) An injunction would also serve the public interest. Congress recognized that free speech

Arvee International Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2006)101ITD495(Mum.)

on 30.10.1998 for the assessment year under appeal. The assessment was completed on 29.12.2000 under Section 143(3) of the IT Act accepting the loss shown by the assessee. The entire order of assessment passed by the Assessing Officer reads, … 3. The Ld. CIT failed to appreciate that appellant had shown the value of import entitlement at Rs. 73,01,184 in the closing stock of assessment year 1996-97 and after selling part of it in assessment year 1997-98

Assistant Commissioner of Income Vs. Concord Commercials (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)94TTJ(Mum.)913

in the circumstances of the case and in law, the learned CIT(A) erred in holding that provisions of Section 73 r/w Explanation thereto are not applicable in the assessee company and thereby further erred in directing to allow … 1. The present Special Bench has been constituted under Section 255(3) of the IT Act, 1961, to consider and decide the following issue : "On the facts and in the circumstances of the … Trading (P) Ltd. v. Asstt. CIT (ITA No. 2l55/Bom/1992, dt. 28th July, 2000)Contony Trading Enterprises Ltd. v. Asstt. CIT (ITA Nos. 1430 & 1431/Bom/1992, dt.

Shaw Wallace Distilleries Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Land Acquisition

Reported in : (2004)85TTJ(Delhi)236

query to justify deduction of the royalty, the assessee explained its case as per letters dt. 24th Jan., 2000 and 10th March, 2000.7. The assessee relied upon the agreement with SWC dt. 6th July, 1996, for manufacture … bad in law and void ab initio. 1.1 That the impugned assessment order passed under Section 143(3)/-148 of the IT Act (the Act) and the notice of demand issued in the name of a non-existent entity is illegal, bad

Parkar Securities Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2006)102TTJ(Ahd.)235

and it is directed against the order of CIT(A), dt. 19th Sept., 2000 for asst. yr. 1997-98.2. Grounds of appeal attached with Form No. 36 … shares comes to Rs, 21,00,775. Before discussing the issue it would be worthwhile to reproduce the Explanation to Section 73 which reads as under: Where any part of the business of a company other than a company whose … the assessees. decision of the Andhra Pradesh High Court. The question that arose was under Section 43(5) of the IT Act. The Bench found that the transaction in question could not be held to be a speculative transaction and,

Srj Securities Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

the assessment asked for certain clarifications from the assessee in terms of the explanation to Section 73 of the IT Act. Explanation so called for by the Assessing Officer from the assessee was given by the assessee vide its

MerfIn (India) Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2002)80ITD399(Hyd.)

it was not a trading loss, but a speculation loss in terms of Explanation to Section 73 of the IT Act, 1961.2. The appellant company is a member of National Stock Exchange of India Limited and derived income by … This appeal filed by the assesses is directed against the order of the CIT(A)-IV, Hyderabad, dt. 5th Dec., 2000, for the asst. yr.1997-98, wherein he confirmed the disallowance of a loss on sale of shares of Rs.

itc Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

Reported in : (2003)86ITD135(Kol.)

Interest paid on borrowings made for the purpose of business is eligible for deduction under Section 36(1)(iii) of the IT Act. (2) For the purpose of computing depreciation allowable under Section 32(1), the amount of Rs. 4,95,06,235 has not