Court : Delhi
..... commissioner of income tax: air1955sc74 the constitution bench of the supreme court had held that the nature of income in the hands of a company was not the nature of income in the hands of its shareholders. it held that dividends in the hands of the shareholders of a company declared from agricultural incomereceived by ..... payable on account of transfer of any property pursuant to the rehabilitation scheme approved by bifr under the provisions of the sick industrial companies (special provisions) act, 1985. consequently, indian shaving products limited, as the petitioner was then known, filed a writ petition being c.w.p. 3489/1995, impugning ..... industrial and financial reconstruction (bifr) declared sharpedgeas a sick company within the meaning of section 3(o) of the sick industrial companies (special provisions) act, 1985.7. during the course of the proceedings before the bifr, the operating agency prepared a scheme for rehabilitation of sharpedge,which entailed its amalgamation withispl .....
Tag this Judgment!Court : Delhi
..... principle in the following manner: (scc pp. 478- 79, paras 33-37) 33. cbdt has the requisite jurisdiction to interpret the provisions of the income tax act. the interpretation of cbdt being in the realm of executive construction, should ordinarily be held to be binding, save and except where it violates any provisions ..... m. khan [(1981) 4 scc82 , som prakash rekhiv. union of india [(1981) 1 scc449:1981. scc (l&s) 200]. , ravula subba rao v. cit [air1956sc604:1956. scr577 , govindlal v. agricultural produce market committee [(1975) 2 scc482: air1976sc263: (1976) 1 scr451 and babaji kondaji v. nasik merchants coop. bank ltd. [(1984) 2 scc50 46. mr. ..... which were created for fortifying the strong federal structure of the country besides being a powerful unifying influence in binding the constituent states and also to counter act regional/ parochial tendencies. all india services helps the states which are not able to provide manpower of the requisite strength and calibre for various government .....
Tag this Judgment!Court : Delhi
..... principle in the following manner: (scc pp. 478- 79, paras 33-37) 33. cbdt has the requisite jurisdiction to interpret the provisions of the income tax act. the interpretation of cbdt being in the realm of executive construction, should ordinarily be held to be binding, save and except where it violates any provisions ..... m. khan [(1981) 4 scc82 , som prakash rekhiv. union of india [(1981) 1 scc449:1981. scc (l&s) 200]. , ravula subba rao v. cit [air1956sc604:1956. scr577 , govindlal v. agricultural produce market committee [(1975) 2 scc482: air1976sc263: (1976) 1 scr451 and babaji kondaji v. nasik merchants coop. bank ltd. [(1984) 2 scc50 46. mr. ..... which were created for fortifying the strong federal structure of the country besides being a powerful unifying influence in binding the constituent states and also to counter act regional/ parochial tendencies. all india services helps the states which are not able to provide manpower of the requisite strength and calibre for various government .....
Tag this Judgment!Court : Delhi
..... principle in the following manner: (scc pp. 478- 79, paras 33-37) 33. cbdt has the requisite jurisdiction to interpret the provisions of the income tax act. the interpretation of cbdt being in the realm of executive construction, should ordinarily be held to be binding, save and except where it violates any provisions ..... m. khan [(1981) 4 scc82 , som prakash rekhiv. union of india [(1981) 1 scc449:1981. scc (l&s) 200]. , ravula subba rao v. cit [air1956sc604:1956. scr577 , govindlal v. agricultural produce market committee [(1975) 2 scc482: air1976sc263: (1976) 1 scr451 and babaji kondaji v. nasik merchants coop. bank ltd. [(1984) 2 scc50 46. mr. ..... which were created for fortifying the strong federal structure of the country besides being a powerful unifying influence in binding the constituent states and also to counter act regional/ parochial tendencies. all india services helps the states which are not able to provide manpower of the requisite strength and calibre for various government .....
Tag this Judgment!Court : Delhi
..... family/joint family can come into existence when an individual's property is thrown into a common hotchpotch. the creation of huf is primarily for the purposes of income tax. while deciding the issue no.4 (test case), the court has noted that the plaintiffs have produced sufficient material on record indicating that late sh. satendra ..... 3 was born on 13th october 1964.3. late satendra jain as karta of the huf acquired three immovable properties during his lifetime. reliefs are claimed in respect of agricultural land admeasuring 4 bighas and 16 biswas in khasra nos. 547 min. (3-12), 549 (1-4) situated in village satbari, tehsil mehrauli, new delhi ( ..... tower, grand woods, sector 93b, noida, up, with omaxe build home pvt. ltd., the defendant had initiated proceedings before the state commission under the consumer protection act, the benefits payable therein, if any, were also bequeathed to her. the will mentions that satendra jain had paid several crores of rupees to his daughters and sons .....
Tag this Judgment!Court : Delhi
..... family/joint family can come into existence when an individual's property is thrown into a common hotchpotch. the creation of huf is primarily for the purposes of income tax. while deciding the issue no.4 (test case), the court has noted that the plaintiffs have produced sufficient material on record indicating that late sh. satendra ..... 3 was born on 13th october 1964.3. late satendra jain as karta of the huf acquired three immovable properties during his lifetime. reliefs are claimed in respect of agricultural land admeasuring 4 bighas and 16 biswas in khasra nos. 547 min. (3-12), 549 (1-4) situated in village satbari, tehsil mehrauli, new delhi ( ..... tower, grand woods, sector 93b, noida, up, with omaxe build home pvt. ltd., the defendant had initiated proceedings before the state commission under the consumer protection act, the benefits payable therein, if any, were also bequeathed to her. the will mentions that satendra jain had paid several crores of rupees to his daughters and sons .....
Tag this Judgment!Court : Delhi
..... for the grant of requisite approval. accordingly, i am directed to communicate that the aforesaid application in form 3cf-ii dated 23.06.2014 has been rejected. provisions of the income tax act and rules 4. the relevant provisions of section 35(1) are reproduced below: 35. expenditure on scientific research.- (1) in respect of expenditure on scientific research, the following deductions shall ..... 20 of 22 scientific research has been defined under section 43(4) to mean any activities for the extension of knowledge in the fields of natural or applied science including agriculture, animal husbandry or fisheries. thus, scientific research need not be equated with a scientific invention. even the term invention as defined in the patent .....
Tag this Judgment!Court : Delhi
..... principle in the following manner: (scc pp. 478- 79, paras 33-37) 33. cbdt has the requisite jurisdiction to interpret the provisions of the income tax act. the interpretation of cbdt being in the realm of executive construction, should ordinarily be held to be binding, save and except where it violates any provisions ..... m. khan [(1981) 4 scc82 , som prakash rekhiv. union of india [(1981) 1 scc449:1981. scc (l&s) 200]. , ravula subba rao v. cit [air1956sc604:1956. scr577 , govindlal v. agricultural produce market committee [(1975) 2 scc482: air1976sc263: (1976) 1 scr451 and babaji kondaji v. nasik merchants coop. bank ltd. [(1984) 2 scc50 46. mr. ..... which were created for fortifying the strong federal structure of the country besides being a powerful unifying influence in binding the constituent states and also to counter act regional/ parochial tendencies. all india services helps the states which are not able to provide manpower of the requisite strength and calibre for various government .....
Tag this Judgment!Court : Delhi
..... . muralidhar justice sanjeev narula ita2102003 & connected matters page 4 of 36 dr. s. muralidhar, j.: judgment1 these are 11 appeals under section 260-a of the income tax act, 1961 ( act ) of which 1 is by the assessee and 10 are by the revenue. apart from the facts being similar, the questions of law too are common to many ..... advocates. coram: justice s. muralidhar justice sanjeev narula order2003.2019 1. this appeal by the revenue under section 260-a of the income tax act, 1961 ( act ) is directed against the judgment dated 27thfebruary 2009 of the income tax appellate tribunal (itat) in ita no.1642/del/2008 for the assessment year (ay) 2005-06.2. while admitting this appeal ..... 36 memorandum of understanding (mou) with the associate companies. it is explained that on account of the land ceiling laws in haryana, more than 20 acres of agricultural land could not be purchased by one entity. to set up a colony, a developer had to have a number of associate companies to acquire contiguous land .....
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..... s. muralidhar justice sanjeev narula ita2102003 & connected matters page 4 of 36 dr. s. muralidhar, j.: judgment1 these are 11 appeals under section 260-a of the income tax act, 1961 ( act ) of which 1 is by the assessee and 10 are by the revenue. apart from the facts being similar, the questions of law too are common to many ..... counsel. coram: justice s. muralidhar justice sanjeev narula order2003.2019 1. this appeal by the assessee under section 260-a of the income tax act, 1961 ( act ) is directed against the judgment dated 28th february 2002 of the income tax appellate tribunal (itat) in ita no.469/del/1999 for the assessment year (ay) 1995-96.2. while admitting this appeal ..... 36 memorandum of understanding (mou) with the associate companies. it is explained that on account of the land ceiling laws in haryana, more than 20 acres of agricultural land could not be purchased by one entity. to set up a colony, a developer had to have a number of associate companies to acquire contiguous land .....
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