Judgment Search Results Home > Cases Phrase: acquisition of certain area at ayodhya act 1993 chapter ii acquisition of the area in ayodhya Court: income tax appellate tribunal itat madras Page 1 of about 3 results (0.089 seconds)

Late S. Ayyakannu by Lr Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Madras

..... 23rd july, 1994 (on which date the proprietary concern of the assessee at singapore was sold to private limited company) has been brought to my knowledge to explain the acquisition of these demand drafts. it is therefore held that these demand drafts were purchased from out of unexplained sources. (see para 11 of the assessment order). (iii) ..... purchased have not been indicated. this is not correct. whatever information was asked by the ao was furnished to him by the assessee's legal heir. photocopies of certain demand drafts were given at pp. 65 to 68 of the paper-book no.1. they clearly show the place at which the demand drafts were purchased. all ..... : "11. perusal of bank account in india in which the remittance have been credited also indicate that all the remittances are not through bank-to-bank transactions. certain deposits are in the form of demand draft. sources from which and the country in which these demand drafts were purchased have not been indicated. no ostensible source upto .....

ito Vs. P.C. Ramakrishna (Huf)

Court : Income Tax Appellate Tribunal ITAT Madras

..... constructed is transferred within a period of three years of its purchase or construction the capital gain on the property so transferred is calculated by reducing the cost of its acquisition by the amount of the capital gain exempted from income-tax. 19.2 the conditions of self-occupation of the property by the assessee or his parent before its ..... this section, that is to say, further, we have also gone through the provisions of section 54f(l) which reads as under: "section 54f. capital gain on transfer of certain capital assets not to be charged in case of investment in residential house .(1) (subject to the provisions of sub-section (4), where, in the case of an assessee ..... ground floor with 6.968 sq. mts. (75 sq. ft.) undivided share in the recreation room valued at rs. 20,40,975.the assessee is accordingly entitled to total area of 4332 sq. ft. of flat together with 195 sq. ft. undivided share in the recreation room.the assessee has taken two different floors as the assessees mother who .....

Kirtilal Kalidas and Co. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1998)67ITD573(Chennai)

..... that the search operations were only on shri t.santhakumar and not on these appellant-assessees. the contents of various search warrants at p. 2 clearly reveal that certain specified officers of the it department were authorised and ordered by the director of inspection (investigation) and dy. director of inspection (investigation) to search pointed, identified ..... is clear that both the authorising it authorities did also form reasonable belief as is evident from the contents at p. 2 of their respective search warrants that certain buildings/premises mentioned therein had unaccounted money, bullion, jewellery, valuable article or thing, etc.it is very belief of the authorising it authorities that prompted them ..... -trust at narasimhanaicken palayam along with swimming pool in a sum of rs. 8 lacs approximately.according to the ao the farm house had a built-up area of 3000 sq. ft.and there was also a swimming pool on the right side of the farm house and according to him the cost of construction .....