Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 17 income tax authotities Court: income tax appellate tribunal itat chandigarh Page 4 of about 71 results (0.096 seconds)

Sanjay Kumar Goyal (Huf) Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2000)67TTJ(Chd.)60

..... that the figure mentioned therein did represent an accurate working of the assessee's agricultural income. the further submission was to the effect that the department could not tamper with the figure of agricultural income shown as this would amount to taxing the agricultural income itself which the central government could not do as it was a state subject. ..... facts in mind the assessing officer worked out the assessee's agricultural income plus the income which was earned from non -agricultural activities and which was ultimately treated as income from undisclosed sources as follows: the sum of rs. 1,02,203 was brought to tax as undisclosed income attracting tax @ 60 per cent.before us the learned counsel argued at ..... this appeal is directed against the order passed by the assessing officer in a block assessment completed under section 158bc(c) of the income tax act, 1961.as many as 8 grounds have been preferred but at the time of hearing, the learned counsel for the assessee stated that .....

Smt Ram Rakhi Vs. Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1989)30ITD221(Chd.)

..... . 3,21,935 the commissioner of income-tax bifurcated this into agricultural and non-agricultural income belonging to the petitioner.agricultural income was estimated at rs. 35,000 and non-agricultural income was taken at rs. 2,86,935 (rs. 3,21,935-rs. 35,000). the commissioner of income-tax recorded in the settlement petition the spread ..... various sections of various statutes like income-tax act, wealth-tax act, compulsory deposit scheme (income-tax payers) act, 1974 may be waived. the commissioner of income-tax considered this waiver petition and made an order under section 273(b) of the act on 3-6-1981 dismissing the petition. the result was that the income-tax officer levied penalties under sections 271 ..... . therefore, all that can be said is that the penalty proceedings were to be disposed of in accordance with the provisions of the income-tax act, 1961 no doubt after taking into consideration the contention raised on behalf of the assessee in regard to the leviability of penalties. the .....

Sh. Subhash Kumar JaIn Vs. Acit

Court : Income Tax Appellate Tribunal ITAT Chandigarh

..... .4.96 subject to no penal action under section 271(1)(c) of the act. according to the cit, from these enquiries it was clearly established that the assessee had filed false documents to justify his agricultural income and only when the report of the inquiry officer was confronted to the assessee, ..... then only the entire agricultural income amounting to rs. 990.190 was surrendered and so the surrender made by the assessee was thus not spontaneous act ..... was confronted by concrete evidence in possession of the department, the said agricultural income amounting to rs. 991,090 was surrendered. the ao by accepting the surrender when income from agricultural was established to be non-genuine, did not act according to the provisions of law and by not initiating penalty proceedings under .....

Gurjit Singh Mansahia Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1983)5ITD125(Chd.)

..... from the sale of land of the assessee situated in lehal, patiala, is liable to tax under the income-tax act, 1961 ('the act'). the facts which are relevant for determination of this issue lie in a narrow compass. the assessee had agricultural lands on which factually agricultural operations were carried on. during the accounting period ending 31-3-1977, relevant to ..... that sub-clause (iii) of clause (14) of section 2 with other relevant sections of the act does not operate to levy capital gains tax on profits or gains arising from the transfer of land which is used for agricultural purposes. the hon'ble court has observed that this must be read down so as to exclude from ..... referred to above. but since we have held that the capital gains arising from the sale of land wherever located are not liable to tax in case the land was actually used for agricultural purposes, this issue actually does not survive for our consideration. therefore, we are not issuing any directions to ito to work out the .....

income-tax Officer Vs. Chander Bhan

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1984)10ITD269(Chd.)

..... was calculated with reference to the income of the company, part of which was agricultural income, such part of the remuneration as was proportionate to the agricultural income of the company, was itself agricultural income and as such exempt from income-tax. it was on the basis of these facts that their lordships held : ... that the assessee received no agricultural income as defined by the act, that it received remuneration under a ..... . that if the assessee was truly a usufructuary mortgagee within the meaning of section 58(d) of the transfer of property act, 1882 and in that capacity received the rent in question, it would be in his hands agricultural income and exempt from tax. ... if the assessee was not such a usufructuary mortgagee, then, notwithstanding that he went into possession and received the rent .....

Jagdamba Rice Mills Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2000)67TTJ(Chd.)838

..... assessment order, dated 31-12-1997 made under section 158bc read with section 143(3) of the income tax act, 1961.ground nos. 1 and 2 relating to conversion of survey proceedings into search proceedings and approval by cit to the assessment order were not pressed by learned counsel. the same are, therefore, rejected.learned ..... the purchaser, price per qtl, labour charges, etc. have to be indicated. market fee is to be paid to the market committee under the punjab agricultural produce act. he referred to form m at pp. 90-91, wherein information regarding daily sales/purchases have to be furnished to the food controller. he referred to ..... to substantiate their affirmations made. assessing officer mentioned in para 17 the questions put to these persons and the affirmations regarding factors relating to bid of agricultural produce between the sheller and farmers falling through completely as farmers cancel the bid voluntarily or the purchaser cancels the transaction due to quality variation, rains .....

Smt. Neena Syal Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1999)70ITD62(Chd.)

..... ), where a copy of an affidavit filed by mr. vinod viyogi is placed. in para 2 of the said affidavit, it is mentioned that he is arranging purchase of various agricultural lands for and on behalf of different group of companies of gfi ltd. through various brokers and sub-brokers who are paid commission as per normal practice in the said ..... side of the said page, the name of the assessee is appearing and the amount shown in rs. 3,19,500 with reference to the purchase of 12 bighas of agricultural land. he submitted that the assessee purchased the land at rs. 1 lakh per acre. he further referred to the balance sheet in the case of smt. neena syal as ..... observed that presumption under s. 132(4) that contents of documents seized in search is true, is rebuttable. (d) chuharmal vs. cit (1988) 172 itr 250 (sc), wherein it was observed that the expression 'income' as used in s. 69a of the it act, 1961, had a wide meaning which meant anything which came in or resulted in gain. (e) roshan di hatti vs .....

Bhushan Industrial Co. (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1983)3ITD198(Chd.)

..... is not a small scale industrial undertaking within the meaning of explanation to sub-section (2) of section 32a of the income-tax act, 1961 ('the act') and was, therefore, entitled to investment allowance under section 32a of the act in the relevant assessment year 1977-78.3. however, when the original assessment for 1975-76 was made, the assessee ..... tribunal was not justified in law in holding that at the time of re-assessment under section 17(1)(a) of the wealth-tax act, 1957, the assessee's claim for exemption in respect of agricultural lands, which claim he should have made at the time of original assessment but omitted to make, is admissible. arguing for the ..... not apply to him for that assessment year and for every subsequent assessment year ; so, however, that the assessee may, by notice in writing furnished to the income-tax officer before the expiry of the time allowed under sub-section (1) or sub-section (2) of section 139, whether fixed originally or on extension, for furnishing .....

Punjab State Warehousing Corpn. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1993)46ITD562(Chd.)

..... -85 and arises from the order dated 31-3-1988 passed by the cit (a).2. ground no. 1 relates to the question whether the assessee was liable to tax in view of section 10(29) of the income-tax act, 1961, hereinafter referred to as the act. the facts of the case are that the assessee is a warehousing corporation ..... in the case of m.p. warehousing corporation v. cit [1982] 133 itr 158, wherein the income received from interest on deposits and commission charges for handling the work of loading and unloading of agricultural commodities, has been held to be not exempt under section 10(29) of the act. reliance has also been placed on a decision of the ..... gujarat high court in the case of cit v. gujarat state warehousing .....

Secretary, Municipal Committee Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2005)97TTJ(Chd.)959

..... challenging the said notice. it was claimed before the hon'ble high court that the compensation had been paid for the acquisition of agricultural land and interest was paid for the delayed payment of compensation and as such no income-tax was payable even in respect of the interest granted for the delayed payment of compensation. the hon'ble high court relying upon ..... 194a of the act. moreover, the issue had come up before the punjab and haryana high court again in the case of tuhi ram v. land acquisition collector (supra). in the said case, their lordships of the punjab and haryana high ' court held as under : "interest received as a consequence of compulsory acquisition of land/agricultural land is income exigible to'tax. by force .....