Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 17a powers of comissioner to transfer cases Sorted by: old Year: 1995 Page 1 of about 1 results (0.063 seconds)

Commissioner of Income Tax Vs. Greenham Estates (P) Ltd.

Court : Chennai

Reported in : [1996]217ITR80(Mad)

..... the previous year, as computed before making any deduction under chapter vi-a of the it act should be not less than 51 per cent of the total income. according to the assessee, only 40 per cent of the income of the assessee should be taken into consideration for income-tax purpose, since 60 per cent was exempted. it was further submitted that the 40 per ..... considered as an industrial company. the assessing officer (ao) has, therefore, held that the assessee is primarily an agricultural company and that the inclusion of the share income from a manufacturing concern cannot alter the status of the assessee-company. on appeal, the cit held that the assessee should be treated as an industrial company and on further appeal, the tribunal confirmed the .....

Asian Techs Ltd. Vs. Deputy Commissioner of Income-tax and Another.

Court : Kerala

Reported in : (1995)125CTR(Ker)438; [1995]213ITR378(Ker)

..... by the punjab and haryana and the delhi high courts are under challenge before the supreme court and the decision therein cannot be relied upon.section 244(1a) of the income-tax act, 1961, lays down as follows :'244. (1a) where the whole or any part of the refund referred to in sub-section (1) is due to the assessee, as a result ..... entitled to interest under section 244(1a) on the amount adjusted towards tax, if found refundable in pursuance of the appellate order or other proceedings. therefore, the tribunal was right in allowing payment of interest to the assessee under section 244(1a) of the act.'the delhi high court in national agricultural co-operative marketing federation of india ltd. v. union of india .....

Smt. Neelam Singh Vs. Vijaya Naram Singh

Court : Allahabad

Reported in : AIR1995All214

..... that the husband is employed as branch manager in the union bank of india and was getting an amount of rs. 4500/- per month as salary. in addition he had agricultural income of about rs. 1500/-per month. in his written statement the husband respondent has not denied that he was getting a salary of rs. 4500/ - per month. as ..... between the parties he is the only person who knows the amount of salary he gets from the bank and the deductions if any made therefrom on account of taxes, provident fund etc. no such details were mentioned either in the written statement or in his statement on oath in which he stated that he was getting about ..... framed regarding the jurisdiction of the court about the counter claim. the trial court rejected the same observing that counter-claim for divorce is permissible under the hindu marriage act and the application has been moved to harass the opposite party who is still in the witness box. after the rejection of the aforesaid application, the petitioner-wife .....

Commissioner of Income-tax, Hyderabad Vs. Chittor Electric Supply Corp ...

Court : Supreme Court of India

Reported in : AIR1995SC700; (1995)123CTR(SC)583; [1995]212ITR404(SC); JT1995(1)SC355; 1995(1)SCALE136; (1995)2SCC430; [1995]1SCR231

..... 84,562 was found refundable to the respondent. it was refunded in the same month. the respondent laid a claim for interest under section 244(1) of the income-tax act, 1961 for the period commencing on 6th march, 1969 (the date of the appellate assistant commissioner's order) to august, 1973 (the month in which the assessment ..... of rs. 84,562 from september 7, 1969 to august 14, 1973 at the rate of 6 per cent per annum under section 244 (1) of the income-tax act, as prayed for by the respondent. the respondent is a limited company in liquidation and is represented by its liquidators. on november 24, 1960, the respondent-company ..... of the directions given by him. in short, the appellate assistant commissioner directed that the income of the respondent-assessee must be determined under section 12b of the indian income-tax act, 1922 and not under section 10(2)(vii) of the said act. the respondent filed an appeal before the tribunal questioning the correctness of the appellate assistant .....

State of Bihar and Others Vs. Sachchidanand Kishore Prasad Sinha and O ...

Court : Supreme Court of India

Reported in : AIR1995SC885; JT1995(1)SC458; (1995)3SCC86; [1995]1SCR256

..... and ors v. state of karnataka (supra); anant mills co. ltd. v. state of gujarat and ors. (supra) and khandige sham bhat and ors. v. the agricultural income-tax officer. (supra).14. we may also refer in this connection to the very perceptive observations of chandrachud, j. in the state of jammu and kashmir v. triloki nath khosa ..... the holding may be reasonably expected to fetch in practice. otherwise, the scheme cannot be held intra vires sections 123 and 130 of the patna municipal corporation act.10. the state of bihar and the patna municipal corporation challenge the correctness of the said holding in this appeal. since the rules and the notifications have ..... of holding rules, 1993 (hereinafter referred to as 'assessment rules') framed by the state government under section 227 read with section 130 of the patna municipal corporation act and the two notifications issued by the patna municipal corporation under rules 3 and 5 of the said rules. the high court is of the opinion that the .....

Rattanlal Dangi Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Jaipur

Reported in : (1995)53ITD260(JP.)

..... been pleaded on behalf of one of the assessees that he is a villager. the assessee has always sustained himself on meagre agricultural income. he has never been exposed to a regulated way of doing things, least of all the tax law. further, he is almost illiterate and rustic to have thought of complying with the provisions of law. in view of these ..... 30 months. if the assessing officer or the deputy commissioner (appeals) or the commissioner (appeals) in the course of any proceedings under this act, is satisfied that any person- (a) has failed to furnish the return of total income which he was required to furnish under sub-sectiontion (1) of section 139 or by notice given under sub-sectiontion (2) of section .....

Nationsbank of N. C., N. A. Vs. Variable Annuity Life Ins. Co.

Court : US Supreme Court

..... operating a general travel agency-may exceed those bounds. 3 the comptroller referred to interpretive letter no. 494 (dec. 20, 1989) (approving brokerage of agricultural, oil, and metals futures). 260 to sell mortgages and other debt instruments they have originated or acquired by discount). in sum, modern annuities, though ..... determination that annuities are properly classified as investments, not "insurance" within 92's meaning. the comptroller's classification of annuities, based on the tax deferral and investment features that distinguish them from insurance, is at least a reasonable interpretation of the controlling legislation. a key feature of insurance is ..... varies with investment performance-a "fixed" annuity-which yields income that does not vary-or a hybrid account. granting the application, the comptroller typed the annuity sales "incidental" to "the business of banking" under the national bank act, 12 u. s. c. 24 seventh. the comptroller further concluded that annuities are not .....

M/S. Hind Wire Industries Ltd. Vs. Commissioner of Income-tax, West Be ...

Court : Supreme Court of India

Reported in : AIR1995SC1133; (1995)124CTR(SC)219; 1998(99)ELT25(SC); [1995]212ITR639(SC); JT1995(2)SC317; 1995(1)SCALE475; (1995)3SCC136; [1995]1SCR519

..... company) : [1978]114itr28(guj) ; ahmedabad sarangpur mills co. ltd. v. a.s. manohar, income-tax officer, circle iv, ward-a, (companies, ahmedabad, : [1976]102itr712(guj) ; kothari (madras) ltd. v. agricultural income tax officer : [1989]177itr538(mad) and commissioner of income tax v. kalinga tubes (1991) 187 itr 595 respectively in support of his contention that the word ' ..... assessment orders.in the case of jaganmohan rao v. commissioner of income-tax and excess profits tax, andhra pradesh : [1970]75itr373(sc) , this court dealt with section 34 of the indian income-tax act, 1922, which relates to reassessment in the case of income escaping assessment. it was held by this court that once assessment ..... is challenged in these appeals is the decision of the calcutta high court interpreting the provisions of section 154(7) of the income tax act (hereinafter referred to as the 'act') as it stood at the time of the assessment order dated 21st september, 1979.3. shortly stated, facts are that the .....

Commissioner of Income-tax Vs. Dexan Pharmaceuticals Pvt. Ltd. and Ins ...

Court : Andhra Pradesh

Reported in : (1995)126CTR(AP)57; [1995]214ITR576(AP)

..... amount of interest paid on the amount borrowed.' 11. it may be pointed out that there is no definition of 'hundi' either in the income-tax act or in the negotiable instruments act. the indian stamp act of 1899, while defining 'bill of exchange' in section 2(2), has provided as follows : ''bill of exchange' means a bill of ..... on these borrowings. the amounts were received by account payee cheques but the repayments were made in cash. the income-tax officer made an addition of rs. 2,10,000 under section 69d of there income-tax act, 1961 (for short 'the act'), and also added interest amount of rs. 16,445. in the appeal before the commissioner the contention that ..... a broker from recognised money-lenders. the tribunal held that, in the facts and circumstances, the provisions of section 69d of the act were not attracted. the tribunal remanded the case to the income-tax officer for examination of the genuineness of the loans. 8. the reference is made by the tribunal to us on a reference .....

Lalithadri Coffee Estate and Others Vs. Agricultural Income-tax Office ...

Court : Karnataka

Reported in : (1995)127CTR(Kar)92; ILR1995KAR753; [1995]213ITR602(KAR); [1995]213ITR602(Karn); 1995(2)KarLJ570

order of stay--high court granting interim order of stay.ratio :the granting of an interim order of stay preventing recovery of the amount of tax determined against the assessee, did not disable the assessee concerned from making the payment of the amount so determined as a measure of abundant caution if he was otherwise keen to avoid the imposition of a liability by way of penalty.application :also to current assessment years.constitution of india art 226