Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 19a omitted Sorted by: recent Court: income tax appellate tribunal itat delhi Page 1 of about 26 results (0.159 seconds)

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 .....

Ashirwad Steel and Alloys (P) Ltd Vs. Department of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

..... 3. briefly stated the facts giving rise to this appeal are that the case was selected for scrutiny and order u/s 143(3) of the income tax act was passed on 26.12.2008 by the ito (tech) muzaffarnagar. subsequently, the ito(tech), muzaffarnagar moved a proposal u/s 263 of the ..... the assessee. the assessing officer observed that the assessee has shown income of rs.2,05,20,000 in the form of penalty/damages for not executing sale of agriculture land measuring 19 bighas situated in sanganer, jaipur. the assessee has shown this income as its business income. the assessing officer also observed that the assessee has claimed and ..... carried forward losses and its set-off against this business income. the assessing officer observed that land transaction of the .....

M/S. Deltronix India and Another Vs. Asstt. Commissioner Limited, and ...

Court : Income Tax Appellate Tribunal ITAT Delhi

..... assessee for use as guest house, in-house training of the staff and conference etc. assessing officer has disallowed the same on the basis of report of income tax inspector. the said income tax inspector could not get into the campus of the guest house. he obtained information from nearby people and concluded that the premises was not being used for ..... the natural produce from the adjoining farm belonged to the landlord, m/s sonia and co. pvt. ltd., and was duly shown by mis sonia and co. as agricultural receipt. it was also submitted that there was no requirement for putting the signboard and maintaining guest register as it was for use of the company's guests and staff ..... assessee during the assessment proceeding that the payor company did not have any accumulated profits to be covered under the provisions of section 2(22)(e) of the act. the assessee also filed calculation of the accumulated profits as per annexure a to letter dated 15.10.2010 filed with the ao. it was also submitted that .....

Jindal International Vs. Ito, Panipet

Court : Income Tax Appellate Tribunal ITAT Delhi

..... to the decision of itat, delhi bench in the case of harsh w. chandh vs. direct of income-tax 43 sot 544, wherein it has been, inter-alia, observed as under: - rules of evidence do not govern the income-tax proceedings, as the proceedings under the income-tax act are not judicial proceedings in the sense in which the phrase judicial proceedings is ordinarily used. the assessing ..... ao observed that she had shown cash availability of rs. 2,519/- as on 01/04/2006 and her income from retail business was shown at rs. 2,22,000/- along-with agricultural income of rs. 50,200/-. he observed that since the income from the retail business was for whole year, it was not possible for ms. parul jindal to deposit cash of .....

income Tax Officer Vs. Ekta Promoters (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2008)117TTJ(Delhi)289

..... that for asst. yr. 1957-58 the company was assessed to agricultural income-tax under the kerala agrl.it act, 1950 and in the assessment surcharge @ 5 per cent on the agricultural income-tax and super-tax was levied and collected from the assessee under the provisions of surcharge act. the levy of surcharge was agitated by the assessee on the ground ..... that surcharge act came into force only from 1st sept., 1957 and, therefore, it does not ..... of this section and of sch. ii, the expression "total income" means total income as determined for the purposes of income-tax or super-tax, as the case may be, in accordance with the provisions of the indian it act, 1922. this can only refer to the indian it act, 1922, as it stood amended at the date of the indian .....

Rajat Lal, Managing Director, Sir Vs. Dcit

Court : Income Tax Appellate Tribunal ITAT Delhi

..... on 29th march, 2000 on an income of rs. 5,25,96,711/- and agricultural income of rs. 1,76,131/-.the assessment order and demand notice was served on assessee on 31^st march, 2004.4. the assessee did not make payment of tax as per demand notice issued under section 156 of income tax act, 1961 (act) which was required to be ..... paid by 30^th april, 2000. however, against that assessment, the assessee filed an appeal before the cit ..... aside appellant's submissions made before me to the effect that the appellant is not liable to charge of interest under section 220(2) of the income-tax act. 1. that the ld. cit (a) has erred in law and on facts in upholding a.o.'s action in treating the appellant to be in default and liable to charge .....

Shri Ranjeet Singh Vs. Asstt. Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

..... has escaped assessment within the meaning of section 147 of the income-tax act, 1961.in view of reasons recorded as above it was submitted that the income byway of capital gains was not chargeable to tax as agricultural land did not fall within the purview of section 2(14) of the act defining the term 'capital asset'. it was also submitted that ..... on interest of rs. 13,04,939/- tax deducted at source amounting to rs. 1,46,153 ..... /- was claimed in the return of income filed before dcit and credit .....

Shri Ashwani Kumar, Jai Laxmi Cane Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

..... agricultural income and do not have income chargeable to tax under the income-tax act, section 269ss is not applicable. there is logic behind this. penalty under section 271d is attracted under income-tax act for alleged violation of certain provision contained in income-tax act. however, if a person is not an assessee at all under the income-tax act, merely because certain other provisions are contained in the income-tax act ..... accepted and the person by whom the loan is taken or accepted are both having agricultural income and neither of them has any income chargeable to tax under this act, section 269ss do not apply to them. section 269ss is a transaction specific and not related to any ..... taken or accepted and the person by whom the loan or deposit is taken or accepted are both having agricultural income and neither of them has any income chargeable to tax under this act.reading the aforesaid proviso, it is clear that if the person from whom the loan is taken or .....

Trilochan Singh Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2008)116TTJ(Delhi)149

..... meet his day-to-day expenses and not assessed to income-tax as such the amount of loan is out of untaxed income, cannot be treated as explained. admitted that he has not his own agricultural land but he drives tractor of his neighbours in cultivating process of the agricultural land of other persons, no evidence could be produced ..... him in the absence of any evidence produced by them regarding their capability and so why the amount may not be added in his income as unexplained investment under section 69 of it act. the assessee in his reply dt. 20th aug., 2004 has stated that loans taken are genuine, no evidence regarding creditworthiness and genuineness ..... 4(iii) is added as unexplained investment under section 69 of the it act to the total income of assessee. penalty proceedings under section 271(l)(c) are initiated for furnishing inaccurate particulars of income.3. the assessee impugned above addition in appeal before the cit(a) and argued before him that shri vinod kumar maindola was a .....

Aquarius Travels (P) Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2008)111ITD53(Delhi)

..... .5. shri r.m. mehta, advocate, appeared on behalf of the appellant whereas shri p.f. kaka, advocate appeared for the intervener, namely, credit agricultural indo swiss. shri rajnish kumar, cit-departmental representative and shri k.c. jain, cit-departmental representative have represented the revenue before the special bench. all the parties have filed written submissions and case laws besides submitting the oral ..... the expenditure was incurred 'for the purpose of business'. under sections 56 and 57 of the it act, the requirement was to see as to whether the expenses were incurred for earning profits or gains of 'income from other sources'. even the expenditure incurred for income exempted from tax was allowable if these requirements were satisfied. the legislature, therefore, wanted to introduce another test i .....