Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 17 income tax authotities Court: kerala Page 72 of about 845 results (0.204 seconds)

Eastern Condiments (Private) Ltd. Vs. General Manager, District Indust ...

Court : Kerala

Reported in : [2000]119STC250(Ker)

..... , adimali, who directed the petitioner to produce the same along with the proceedings of the deputy commissioner of agricultural income-tax and sales tax. the petitioner thereupon applied to the second respondent-deputy commissioner of agricultural income-tax and sales tax on october 27, 1992 for necessary orders. the second respondent thereupon issued notice dated november 3, 1992 with reference ..... this point.9. the government issued notification, s.r.o. no. 968/80 under section 10 of the kerala general sales tax act, 1963 granting exemption from payment of sales tax on the turnover of the sale of goods produced and sold by the new industrial units under the small-scale industrial unit ..... units. in this context, it is worthwhile to note that in many cases the assessing authorities under the kerala general sales tax act were not accepting certificates issued by the district industries centres under the government notifications and matter came up before this court also in deputy commissioner .....

P.V.SreenijIn Vs. the Commissioner of Income Tax

Court : Kerala

..... to three assessment years, being 2008-09, 2009-10 and 2010-11, is the legality of the show cause notices issued by the commissioner of income tax under section 263 of the income tax act, 1961 [for brevity "the act"]. the assessments were completed by the assessing officer and the commissioner, by separate orders under section 263 in the case of each of the assessees for ..... the claim of exemption, was held to be one made without application of mind, since there was absolutely no material on record to show that the amount represented compensation for agricultural loss. the revision under section 263 was, hence, upheld.9. reliance was placed on gabriel india ltd. (supra) to contend that an erroneous assessment refers to an assessment rendered contrary .....

M/s.Gcda Employees' Pension Fund Trust Vs. the Commissioner of Income ...

Court : Kerala

..... (15) of the act and that therefore the trust is entitled to registration as prayed for. the learned senior counsel also placed reliance on the judgments in commissioner of income tax v. bar council of maharashtra ((1981) 130 itr28(sc), hiralal bhagawati v. commissioner of income tax ((2000) 246 itr188(guj), coffee board v. dy. commissioner of agricultural income tax (1964) 52 itr126mys.), commissioner of income tax v. andhra chamber ..... of commerce (1965) 55 itr722(sc), commissioner of agricultural income tax v. rubber board (1997) 226 itr722(ker), commissioner of income tax v. ahmedabad rana caste association (1983) 140 itr1(sc) and norka roots v .....

Commissioner of Income-tax Vs. Malayalam Plantations Ltd.

Court : Kerala

Reported in : [1980]125ITR353(Ker)

..... and manufacture of tea. that income was partly agricultural and partly non-agricultural. rule 8 of the i.t. rules, 1962, had application to the case. under that rule, 40% of the income derived from the sale of tea grown and manufactured by a seller in india is to be deemed to be liable to income-tax.4. the statement of the ..... of any asset outside india : provided that this clause shall not apply where the assessee is a company, being a licensee within the meaning of the electricity (supply) act, 1948 (54 of 1948), or where the ship has been acquired or the machinery or plant has been installed before the 1st day of january, 1958 : provided further ..... assessment years 1958-59 to 1966-67. on these materials, it claimed development rebate. the eligibility of the claim is governed by section 34(3) of the i.t. act, which reads thus :' 34. conditions for depreciation allowance and development rebate--... (3) (a) the deduction referred to in section 33 shall not be allowed unless an amount .....

P. Alikunju, M.A. Nazeer Cashew Industries Vs. Commissioner of Income- ...

Court : Kerala

Reported in : (1987)65CTR(Ker)214; [1987]166ITR804(Ker)

..... the land and building forming part of the ice factory, had been utilised for setting up the lodging house, the same was exempt from tax under section 54d of the income-tax act, 1961, for short, 'the income-tax act'. the appellate assistant commissioner, however, found that the business of running the lodge cannot be treated as an 'industrial undertaking' within the ..... or is in some way dependent on land is not sufficient to faring it within the scope of the term and such extension of the term 'agriculture' is unwarranted. the term 'agriculture' cannot be dissociated from the primary significance thereof which is that of cultivation of the land and even though it can be extended in the ..... at all for extending it to all activities which have relation to the land or are in any way connected with the land. the use of the word 'agriculture' in regard to such activities would certainly be a distortion of the term.' 10. if these words are thus understood, then the assessee who invested the capital .....

Abdul Sathar Haji Moosa Sait Dharmasthapanam Vs. Commissioner of Incom ...

Court : Kerala

Reported in : (1987)62CTR(Ker)38

..... that in so far as one-fourth of the income derived from these properties was utilised for a public charitable purpose that portion of the income qualified for exemption from tax under s. 4(b) of the agrl. it act, 1950 which at the relevant time read :any agricultural income derived from property held under trust or other legal ..... obligation wholly for religious or charitable purposes, and in the case of property so held in part only for such purposes, the income applied ..... trust for a public charitable purpose and partly for other objects, apportionment was possible and so section 4(3)(i) of the indian income-tax act provided for exempting a portion of the income. as indicated earlier, this was not possible in respect of the corpus. the question then was for the legislature to consider whether .....

Commissioner of Income Tax Vs. Smt. Thressiamma Abraham.

Court : Kerala

Reported in : (1997)140CTR(Ker)541

..... was assessed to wealth-tax, which was the basis of information of the ito to the effect that land admeasuring 1.74 acres in palarivattom within the limits of cochin corporation became the subject-matter of sale. on this information a notice was issued and a nil return was filed, besides agricultural income. the return accompanied a ..... constitute capital gains is basic to the situation and the provisions of s. 45 of the it act, 1961 tell us what would constitute as chargeable to income-tax under the head 'capital gains', to be deemed to be the income of the previous year in which the transfer took place. capital gains would have to be understood ..... to repay the loan amount. in our judgment the factual position with reference to the various aspects appearing from the document in question shows that the kfc acted in exercise of overriding title in its favour.20. when this situation presented no difficulty actually, the tribunal appears to have been proceeding in wholly unnecessary directions .....

Smt. B. Indira Rani Vs. Commissioner of Income Tax and ors.

Court : Kerala

Reported in : (2004)186CTR(Ker)220; [2004]271ITR570(Ker)

..... credit included as discussed inthe earlier paragraphs 50,000 16,78,260 agricultural income 4,000 aggregate income 16,82,260 income-tax 9,88,981 less : rebate on agricultural income 1,000 balance 9,87,981 surcharge @12-1/2 per cent 1,23,498 total 11,11,479 less : advance tax 33,200 balance 10,78,279 less : sec. 140a paid 1 ..... by ext. p5. heading of ext. p5 order itself is 'order under section 154 of the it act, 1961'. income-tax payable was determined as rs. 9,88,981, after taking into account the rebate and addition of surcharge, after deducting the advance tax paid, tax payable was determined as rs. 9,78,279. interest under section 139(8) of rs. ..... the assessing authority in making fresh assessment and demand notice, original demand notice is superseded. it is not a case where an intimation is sent under validation act, 1964. validation act, also has not prohibited issuance of fresh demand notice. it only says that it is not always necessary. first demand is nullified by the second demand.5 .....

The Commissioner of Income Tax (Central) CochIn Vs. P.D. Abrahm Alias ...

Court : Kerala

..... a certain limit in cash, black money generation and circulation cannot be controlled because the disincentives on cash dealings contained under the various provisions of the income tax act have failed to achieve the objective. further, by prohibiting use of cash in major transactions terror and mafia funding and corruption could be arrested to ..... 98 (relevant for the period from 01/04/1987 to 24/07/1997) under sections 158bc and 158bfa(2) respectively of the income tax act, 1961 (hereinafter referred to as the act for short). these proceedings were completely based on search made in the residential and business premises of the assessee on 24/07/1997 ..... the intelligence wing of the income tax department under section 132 of the act in the residential and business premises of the assessee on 24/07/1997, which led to recovery of various incriminating documents and books of accounts and details of investments made by the assessee in acquisition of agricultural lands, construction of residential .....

CochIn Company Private Ltd. Vs. State of Kerala

Court : Kerala

Reported in : [1969]24STC295(Ker)

..... nor the subordinate authorities have considered any of these matters in rejecting the petitioner's accounts. a division bench of this court in oommen v. commissioner of agricultural income-tax [1963] k.l.t. 211 said:acceptance of accounts kept in the usual course of business is the rule; and their rejection must be the exception, ..... which could not reasonably be entertained or the facts found are such that no person acting judicially and properly instructed as to the relevant law would have come to the determination in question.in omar salay mohammed sait v. commissioner of income-tax, madras a.i.r. 1959 s.c. 1238, the supreme court again said ..... by a reputed firm of chartered accountants. its accounts have been fully accepted by the sales tax department in the previous and subsequent years. a copy of the order of assessment made by the income-tax officer, ernakulam, under the income-tax act, 1961, for the year 1964-65, which it produced before the appellate tribunal along with several .....