Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 21 cancellation of assessment in certain cases Sorted by: recent Court: rajasthan Page 1 of about 13 results (0.064 seconds)

Gotan Lime Stone Khanij Udyog P. Ltd Vs. State and Ors

Court : Rajasthan Jodhpur

..... owners of the property of the company. the proper approach to the solution of the question is to concentrate on the plain words of the definition of agricultural income which connects in no uncertain language revenue with the land from which it directly springs and a stray observation in a case which has no bearing upon the ..... restrictions, prohibits the grant of the lease to any person who does not hold a certificate of approval from the state government or who has not produced an income tax clearance certificate. it does not prohibit any grant on the ground that the application for it is defective or not accompanied by a map. the form of ..... be said to be carrying on its business pursuant to the authority of the central government?. that obviously cannot be said of a company incorporated under the companies act whose constitution, powers and functions are provided for and regulated by its memorandum of association and the articles of association. an incorporated company, as it well known, .....

Ram Singh and Ors Vs. Bhikam Chand and Ors

Court : Rajasthan Jodhpur

..... be executed in their favour and it was also agreed that the cost of litigation in respect of the said agriculture land would be borne by the plaintiffs.3. it is case of the plaintiffs that after the dispute with regard to the title of the defendants became clear ..... sum of rs.3,75,000/- was paid by the plaintiffs to the defendants under these two agreements. since, some litigation was pending with respect of the said agriculture land, it was agreed between the parties that upon the title of the defendants being cleared, the plaintiffs would pay the remaining consideration and the registered sale deed would ..... ram singh s/o ghasi ram & ors.2. the said suit for specific performance was filed by the plaintiffs bhikam chand & ors. on 2/11/2004 in respect of agriculture land belonging to ghasi ram, father of the present appellant-defendant ram singh, ad-measuring 28 bighas 19 biswas situated of khasra no.821, 822, 823, 824, 827 & .....

C.i.T., Udaipur Vs. M/S Chittorgarh Kendriya Sah. Bank Ltd

Court : Rajasthan Jodhpur

..... that no substantial question of law is involved in this appeal filed by the revenue under section 260-a of the income tax act, 1961 [ the act ].against the order dated 17.12.2012 passed in ita no.387/ju/2011 by the income tax appellate tribunal, jodhpur bench, jodhpur [ the itat ].for the assessment year 2007-08. the sum and substance of the matter could ..... facilities. it was by virtue of insertion of sub- section (4) by finance act, 2006 with effect from 01.04.2007 that the provisions of section 80p were made inapplicable in relation to any co-operative bank other than the primary agriculture credit society or primary co-operative agriculture and rural development bank. apparently, the claim for this deduction in the assessment year .....

Maheshwari Agro Industries Vs. Union of India

Court : Rajasthan

..... come up to this court. it is submitted by learned counsel for the petitioner that no power is vested in the commissioner of income tax (appeals) to grant stay order under the income tax act, 1961 (briefly, the act) , and, therefore, the petitioner has resorted to article 226 of the constitution. it is, no doubt, true that there is ..... of financial capacity of the assessee to pay the demand, from the factors relevant for exercise of assessing officers discretion under section 220(6) of the income-tax act, is prejudicial to those assessees who are not financially sound. 4. the matter has been reconsidered by the board. it has been decided to substitute paragraph ..... of income, recovery sections 54, 54b, 54d, 140a, 220, sec. 45 of the it act, 1961, provides for the taxation of capital gains arising on the transfer of capital assets. secs. 54,54b and 54d grant exemption in respect of capital gains arising on transfer of property used for self-residence, land used for agricultural purposes and .....

C.i.T. Vs. Krishi Upaj Mandi Samiti

Court : Rajasthan

..... be spent for the purposes mentioned in the rajasthan agricultural produce markets act, 1961, including advancement of any other object of general public utility, which is a charitable purpose, is eligible for registration under section 12a of the income-tax act, 1961. this court said,-may be that the income received by the samiti by way of cess or ..... mandi fees is not shown to be spent wholly for the purpose of relief of the poor, education, or medical relief, but under the scheme of the act, being the rajasthan agricultural produce markets act, 1961, ..... market committee : (2007) 294 itr 563 (p&h;) and cit v. agricultural produce and market committee (2007) 36 stc 278. 5. the activities of the respondent herein, i.e., the krishi upaj mandi samiti, bilara, a market committee constituted under the aforesaid rajasthan act of 1961 are similar and akin to the activities of the said .....

Prakash Chand Vs. Bhanwar Lal and anr.

Court : Rajasthan

Reported in : RLW2009(4)Raj3419

..... firms stating that the firm has been dissolved w.e.f. 16.4.1978. in reply to the notice given by the income tax department under section 143(2) of the income tax act, on 24.3.1983 again the petitioner informed income tax department that he is no more partner m the firm and the petitioner communicated to the respondent that he has retired his ..... that the land which was allotted by the riico to m/s. b.p. textiles vide allotment letter dated 13.4.1977, was in lieu of surrender of one agriculture land of respondent of khasra no. 987 measuring 32 big has and this fact is mentioned in the lease deed itself executed between the rhco and m/s. b.p ..... in view of the above reasons, the petitioner who admittedly retired from the partnership firm on 16.4.1978 and gave notice to all concerned including the respondent and the income tax department, if there was any right of the petitioner for the relief of rendition of accounts from the respondent, then the cause of action accrued to the petitioner on 16 .....

Commissioner of Income-tax Vs. Ajit Kumar Arya

Court : Rajasthan

Reported in : [2009]180TAXMAN333(Raj)

..... treating the land as an agricultural land and exempted under section 2(1)(b) of the income-tax act, 1961 ?2. heard learned counsel for the parties.3. learned counsel for the revenue has pressed ..... income-tax act and, therefore, the profit or gain arising from this transfer was chargeable to income-tax under the head 'capital gains' as per section 45 of the income-tax act, 1961 ?2. whether on the facts and in the circumstances of the case the tribunal was right in holding that the sale price realised on the sale of the land was an agricultural income ..... of revenue derived from land and therefore, outside the ambit of 'agricultural income'. such income, therefore, is liable to capital gains tax chargeable under section 45 of the 1961 act.parliament has, as aforestated, the power to define what agricultural income is in the 1961 act; the amendment of clauses (1a) and (14) of section 2 .....

Commissioner of Income Tax Vs. Krishi Upaj Mandi Samiti and ors.

Court : Rajasthan

Reported in : (2009)227CTR(Raj)79

..... . whether the learned tribunal is justified in confirming the order of cit(a) directing the ao to compute the income of the assessee after verifying the application of income as per the provisions of section 19 of the rajasthan agriculture produce marketing act, 1961 whereas, the income should be computed as per the provisions of the it act, 1961 ?3. whether/the learned tribunal is justified in confirming ..... the order passed by the cit(a) directing the ao to allow deduction of contribution to rajasthan agriculture marketing board from the income of the assessee and to compute the .....

Murli Devi (Smt.) and ors. Vs. Sukhveer Singh and ors.

Court : Rajasthan

Reported in : RLW2009(2)Raj1757

..... /- per day from agriculture as well as milk-vending; aw-3 chhitarmal also stated that the daily income of deceased was rs. 300/- to rs. 325/-; aw-4 tejaram stated that daily income of the deceased was rs. 300/-. it is correct that no documentary evidence to prove the income of the deceased has been placed on the record, nor the income-tax return of the ..... .6. the hon'ble supreme court in divisional controller, ksrtc v. mahadev a shetty : air2003sc4172 , held that the tribunal is required to pass an award under section 168 of the act of 1988 which appears to be just, fair and reasonable. every method or mode adopted for assessing compensation has to be considered in the background of 'just' compensation which is .....

Commissioner of Income-tax Vs. Sirohi S.B.V. Bank Ltd.

Court : Rajasthan

Reported in : [2009]176TAXMAN404(Raj)

..... or providing credit facilities to its members, or(ii) a cottage industry, or(iii) the marketing of the agricultural produce grown by its members, or(iv) the purchase of agricultural implements, seeds, livestock or other articles intended for agriculture for the purpose of supplying them to its members, or(v) the processing, without the aid of power, ..... our attention to a judgment of the tribunal, being that of a jaipur bench, in the case of rajasthan rajya sahakari bhoomi vikas bank v. dy. cit 29 world tax 286, of course in this judgment, it has been held, that advancement being essential part of the activity of banking business, the interest earned by the ..... being imperative, for the purpose of carrying on banking business, the income derived therefrom, would be income, from the assessee's business. thus, we find that it could be one category of income, capable of being claimed exemption, if the income was to arise from an act, which was imperative for assessee, to be done for the purpose of .....