Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 19a omitted Court: income tax appellate tribunal itat delhi Page 1 of about 26 results (0.237 seconds)

Pradeep Batra Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1991)39ITD406(Delhi)

..... not liable to tax. from assessment year 1973-74 the finance act, 1973 provided for inclusion of agricultural income in total income ..... power to determine the agricultural income in a case where the assessee does not have any other apparent source of income. the income-tax act, 1961 provides for taxation of income.income is defined under section 2(24) of the income-tax act, 1961.under section 10 certain incomes are excluded from forming part of total income and agricultural income is specifically excluded from the total income. there is thus no doubt that agricultural income as such is .....

Motorola Inc., Erisson Radio Vs. Deputy C.i.T.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)96TTJ(Delhi)1

..... ).32.3 on appeal after considering the relevant statutory provisions, their lordships held that the provisions of sections 19 & 20 of the assam agricultural income-tax act were similar to sections 22 & 23 of the income-tax act, 1922. particularly sub-section (1), (2) & (3) of section 19 of the agricultural income-tax act were held to be identical with sub-section (1), (2) & (3) of section 22 of the old ..... act. likewise, sub-section (1), (2), (3) & (4) of section 20 of the assam agricultural income-tax act were held to correspond with section (1), (2) & (3) of section 23 of the old act. section 30 of the agricultural income-tax act was found to be corresponding to .....

Vijay Kaushik Vs. Ito, Ward 38(4), New Delhi

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)5SOT461(Delhi)

..... by huda was not covered under the definition of 'capital asset'as defined in section 2(14) of the income tax act. the said land was outside the municipal limits at the time of acquisition and being an agricultural land, the transfer of such land was exempted f rom capital gain. he has further argued that nature of ..... the course of hearing of the appeal. as per section 45(1) of the income tax act, the income under the head "capital gain" arises on transfer of the capital asset. the expression "capital asset" has been defined in section 2(24) of the act which specifically excludes agricultural land in india. the sub-section (iii) of section 2(14) reads ..... is situated about 9 kms. away from the municipal limit of hissar. it is mentioned that the expression "agricultural land" is not defined either in the constitution or in the income tax act. it, therefore, must be given the meaning which it ordinarily bears in english language and as understood in the ordinary parlance. the determination of .....

income-tax Officer Vs. Mohd. Hanif Gaddi

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1990)34ITD35(Delhi)

..... manubhai a. sheth's case (supra), the bombay high court held that the sale of agricultural land would be revenue derived from the land within the meaning of section 2(1)(a) of the income-tax act, 1961 which defines agricultural income. going through the reasons that prevailed with the bombay high court in holding that the capital ..... gains arising on sale of agricultural land would be revenue income derived from the land suffice it to say that the bombay high ..... high court held that profits or capital gains arising on sale of agricultural land would be revenue derived from land within the meaning of section 2(1)(a) of the income-tax act, 1961, which defines agricultural income. since the same profit was intended to be taxed as capital gains the hon'ble high court held that the legislature .....

Wimco Seedlings Ltd. Vs. Dy. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2007)293ITR216(Delhi)

..... is in the case of consolidated coffee 248 itr 432. in that case, the assessment was under karnataka agricultural income-tax act, 1957. rule 7 of rules made thereunder provided that deduction admissible under the act shall be the actual amount related to the income derived from agricultural operations and proved by accounts or other evidence where no much account evidence is produced, the ao shall proceed ..... to him for looking after the agricultural activity. the cit (appeals) ultimately held that the net agricultural income was rs. nil. thus, the cit (appeals) held that the agricultural expenses, both direct and indirect, off set the entire agricultural 2.5 in the further appeal taken by the assessee before the tribunal, the learned jm referred to section 14a of the income-tax act and held that having regard to .....

Market Committee and ors. Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)94TTJ(Delhi)692

..... these assessees under section 12a of the it act.2. all the applicants, i.e., punjab state agriculture marketing board, haryana state agricultural marketing board and various marketing committees at different places in punjab, haryana and delhi were created under the punjab agricultural produce markets act, 1961 (papma). all the assessees were enjoying exemption from income-tax under section 10(20) of it act which prior to its amendment by ..... the finance act, 2002, w.e.f. 1st april .....

Abhiman Holdings (P.) Ltd. Vs. Ito, Co. Ward 1(1)

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)4SOT501(Delhi)

..... in law in sustaining addition of rs. 2,16,193 as income from other sources under section 68 of the income tax act, 1961. briefly stated the facts are that the assessee had shown agricultural income of 21,02,193, therefore, the assessee was asked to substantiate the agricultural income. the assessee has submitted that the land in question were purchased ..... . thus, the total estimated receipt came to rs. 9.2 lakhs as against rs. 21,02,193.the learned dr as submitted that the cit(a) has caculated agricultural income not based on expert opinion but the same is an estimate by accepting the statement made by the assessee. he has further submitted that the claim ..... to mention that in the subsequent year the assessee has not shown any income from agriculture. therefore, no reference can be made to any government agency to estimate the yield from the cultivation of flower. the learned cit(a) has estimated the agricultural income of the assessee taking 14.9 bighas of land and by applying the selling .....

Dharmarth Trust Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1991)37ITD86(Delhi)

..... case of raja benoy kumar sahas roy (supra) that the supreme court laid down the tests as to when the income could be said to be agricultural income qualifying for exemption under the income-tax act. the 'agricultural income' was defined under section 2(1 a) of the income-tax act, which is the definition section. (a) any rent or revenue derived from land which is situated in india and is ..... is interesting to note that article 366(1) of the constitution defines the expression 'agricultural income' as 'agricultural income as defined for the purposes of enactment relating to indian income-tax act. this means that the parliament has adopted for the purposes of the constitution the definition of the expression 'agricultural income' as given in the income-tax act. we have already noticed that sub-section (2) of the taxation laws (amendment .....

Tedco Investment and Financial Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

..... central government and the state legislature. their lordships of the apex court after perusing the object and scheme of assam agricultural income-tax rules, 1939 came to the view that the said act does not contemplate that the state tax authorities are empowered to recompute the agricultural income contrary to the computation made by the central officers nor do the subjects specified in sub-section (2)(a ..... authorities to invoke the jurisdiction of the appellate and revisional authorities under the central income-tax act and if they succeed in any such attempt, they can always re-compute the agricultural income as contemplated by section 20d. accordingly, the proviso to section 49 was held to be incorporated in the assam act only for this limited purpose and it was in this context that their .....

New JaIn Godowns, Budaun and Another Vs. Ito, Budaun and Another

Court : Income Tax Appellate Tribunal ITAT Delhi

..... at village-chhataiya, mathura road, ujhani, distt. budaun. its principal work is to construct the rural godown and earned rent by storage of agriculture produce only. as per income tax act u/s 2 (41) sub clause (c). any income is agricultural income derived from any building provided. (a) the building is owned and occupied by receiver of rent or as revenue of any such land building ..... the records i find that, on facts of the case the conclusion drawn by the assessing officer regarding treatment of rental income as agricultural income is not in accordance with the correct legal provisions as provided in section 2 (1a) (c) of the income- tax act, 1961 and, therefore, the same is erroneous in law in so far as prejudicial to the interests of revenue and .....