Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 19b omitted Court: income tax appellate tribunal itat Page 1 of about 135 results (0.134 seconds)

Deputy Commissioner of Vs. Kamakshidevi

Court : Income Tax Appellate Tribunal ITAT

..... or any subsequent assessment year, this sub-clause shall have effect subject to the modification that for item (i) thereof, the following item shall be substituted, namely :-- "(i) (a) agricultural land and growing crops (including fruits on trees), grass or standing trees on such land; (b) one building or one group of buildings owned or occupied by a cultivator of ..... day of april, 1982), this sub-clause shall have effect subject to the modification that for item (i) thereof, the following item shall be substituted, namely:-- "(i) (a) agricultural land other than land comprised in any tea, coffee, rubber or cardamom plantation; (b) any building owned or occupied by a cultivator of, or receiver of rent or revenue out ..... the assessment years starting from 1993-94 onwards in view of the change in law by the amendment to section 2(ea) of the wealth-tax act, 1957 w.e.f. 1-4-1993. the learned counsel refers to the definition of "urban land" in the amended provisions and points out that the land in .....

Deputy Commissioner of Income Tax Vs. Smt. Kamakshidevi

Court : Income Tax Appellate Tribunal ITAT

..... assessment year, this sub-clause shall have effect subject to the modification that for item (i) thereof, the following item shall be substituted, namely : "(i)(a) agricultural land and growing crops (including fruits on trees), grass or standing trees on such land; (b) one building or one group of buildings owned or occupied by a cultivator ..... april, 1982), this sub-clause shall have effect subject to the modification that for item (i) thereof, the following item shall be substituted, namely : "(i) (a) agricultural land other than land comprised in any tea, coffee, rubber or cardamom plantation; (b) any building owned or occupied by a cultivator of, or receiver of rent or revenue ..... in question in respect of which compensation is receivable from the government is 28 acres of land at bangalore palace which comes under the urban land ceiling and regulation act,' 1976. the cit(a) following his reasoning given in a similar case of smt indrakshidevi in wta nos. 3, 4 & 5/c-vi/c1t(a)-ii 1998-99, .....

Dy. Cit Vs. Smt. Kamakshidevi

Court : Income Tax Appellate Tribunal ITAT

Reported in : (2001)79ITD650(Bang.)

..... 900 in respect of the each of the present assessees, the amount receivable by them under the ulcr act comes to rs. 2 lakhs only. in view of this position, it is found that the income tax appellate tribunal, bangalore bench in wealth tax act nos. 39 to 41/bang/93, dated 31-8-1998 in the case of acwt v. ..... subsequent assessment year, this sub-clause shall have effect subject to the modification that for item (i) thereof, the following item shall be substituted, namely : "(i)(a) agricultural land and growing crops (including fruits on trees), grass or standing trees on such land; (b) one building or one group of buildings owned or occupied by a cultivator ..... 1-4-1982), this sub-clause shall have effect subject to the modification that for item (i) thereof, the following item shall be substituted, namely : "(i) (a) agricultural land other than land comprised in any tea, coffee, rubber or cardamom plantation; (b) any building owned or occupied by a cultivator of, or receiver of rent or revenue .....

Wealth-tax Officer Vs. Chinubhai Lallubhai (Huf)

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1988)26ITD57(Ahd.)

..... a difference of opinion and the following point of difference has been referred to me as a third member under section 24(11) of the wealth-tax act read with section 255(4) of the income-tax act : whether property at plot no. 614-b 'panchvati-gulbai tekra area', ahmedabad qualified for exemption under section 5(1)(iv) as also the ..... the first two common grounds in the appeals of the revenue and restore those of the ito.reference under section 24(11) of the wealth-tax act, 1957 read with section 255(4) of the income-tax act, 1961 1. a difference of opinion has arisen amongst the members, who constituted the bench. the following point of difference is referred to ..... concerned with section 2(e)(ii) of the wealth-tax act, 1957 which reads as under : 2. (e) 'assets' includes property of every description, movable or immovable but does not include,- (ii) any building owned or occupied by a cultivator of, or receiver of rent or revenue out of, agricultural land : provided that the building is on or in .....

Sudisha Farm Nursery Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2004)88ITD638(Delhi)

..... agricultural operations were carried out then income from the sale of agricultural produce would amount to agricultural income. there is nothing in the act which may allow to tax such income on the reasoning adopted by the cit(a). in our considered opinion, once the income falls within the scope of expression 'agricultural income', ..... it has to be excluded from the total income of the assessee in view of section 10 of the act ..... are carried out in continuation of basic operations then, in our considered opinion, income from such nursery would be agricultural income not liable to tax under section 10 of the act. however, if the nursery is maintained independently without resorting to basic operations on the .....

Puransingh M. Verma and anr. Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2001)72TTJ(Ahd.)399

..... case under section 10(1) of the act (income from agriculture).after hearing both the sides at length this tribunal held that the income earned by the assessee is not agricultural income as defined in section 2(1a) of the income tax act, 1961, and hence not exempt under section 10(1) of the income tax act. in respect of the status whether hindu ..... new edition (discussed at page 6 of the tribunals order), held in very clear terms that the income derived by the assessee from nursery was not agricultural income and hence not exempt under section 10(1) of the income tax act. even if the said view were held to be erroneous, it could not be said to be ..... hold that the family of shri puransingh m. verma is engaged in agricultural operations on the land and the income from nursery arising from sale of the agricultural produce i.e. plants of various species is income from agriculture exempt under section 10(1) of the income tax act, 1961." for assessment years 1989-90 and 1990-91 also the commissioner .....

Puransingh M. Verma Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2001)78ITD277(Ahd.)

..... that case under section 10(1) of the act (income from agriculture).4. after hearing both the sides at length this tribunal held that the income earned by the assessee is not agricultural income as defined in section 2(1a) of the income-tax act, 1961 and hence not exempt under section 10(1) of the income-tax act. in respect of the status whether huf or ..... dictionary new edition (discussed at page 6 of the tribunals order) held in very clear terms that the income derived by the assessee from nursery was not agricultural income and hence not exempt under section 10(1) of the income-tax act. even if the said view were held to be erroneous, it could not be said to be a ..... as follows :-- "in the light of above discussion, we hold that the income earned by the assessee is not agricultural income as defined in section 2(1) and 2(1a) of the income-tax act, 1961 and hence not exempt under section 10(1) of the same act. we accordingly allow the grounds raised on this cardinal issue by revenue in ita .....

Sri Chaitanya Educational Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2007)106ITD256(Hyd.)

..... v. state of karnataka and anr. 266 itr 20-kar., wherein interpreting retrospective amendment made to section 15 of the karnataka agricultural income-tax act, 1957, brought about subsequent to the decision of that court in ashok plantation v. asstt.commissioner of commercial taxes, the high court held that the retrospective amendment is invalid. in that case, the court noted that in ashok plantation, the ..... (2)(a)(iii).facts before the apex court in that case are that section 80p(2)(a)(iii)'of the income tax act, 1961 as originally inserted provided that in the case of a co-operative society engaged in (iii) the marketing of the agricultural produce of its members" the whole of the amount of profits and gains of business attributable to such activity .....

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 .....

Shanker Rice Co. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2000)72ITD139(Asr.)

..... rejection of accounts by the ito and the fixation of the quantum were confirmed on revision and on an application for revision under section 78 of the kerala agriculture income-tax act, 1950, their lordships of the kerala high court confirmed the view taken by the ito on all the grounds. the facts in the present case are quite ..... by the department of food & civil supplies. these registers are :- (3) purchases and sales are regulated by the relevant provisions of the punjab agriculture produce markets act, 1961. (4) paddy is liable to purchase tax under the punjab central sales tax act and the purchases made have been duly accepted by the excise & taxation dept., govt. of punjab.the ..... decision of the hon'ble high court on the application of proviso to section 13 of the 1922 act as follows : "the assessee carrying on a business returned an income and filed a statement of profit and loss. the income-tax officer however added a certain sum to the profit as given by the assessee on the ground .....