Court : Chennai
..... /-, which includes the taxable income of rs.4,89,390/-, agricultural income of rs.1,00,000/- and income exempted from the income tax ie., the the share profit derived from the partnership business viz., rs.8,08,898/- (since the said amount was paid to the income tax from the partnership account, the same was exempted under section 10(a)(2) of the income tax act).the tribunal by taking ..... the sum of rs.13,98,288/- as annual income .....
Tag this Judgment!Court : Chennai
..... survey, exercise any power (including the power to authorise the exercise of any power) which may be exercised by him for any purpose under the income-tax act, 1961 (43 of 1961), and the provisions of the said act shall, so far as may be, apply accordingly. 39. a reading of the above provision would go to show that it is not mandatory that ..... . the learned counsel for the petitioners would submit that mr.t.s.a.omer farook had produced documents to show that his grand-mother had agricultural income. it may be true that his grand-mother had agricultural income and also income through other sources. but, that is not crucial. what is crucial is, as to whether mr.t.s.a.omer farook's grand-mother .....
Tag this Judgment!Court : Chennai
..... was submitted that in the notice sent to her, it had been alleged that on perusal of files, the second respondent had noticed an application under section 230a of the income tax act, which showed that the property was gifted to her by her mother. on 20th march 1972 and the market value thereof was estimated at rs.25,000/- and that ..... explained since no evidence whatsoever in the form of sale deed, confirmatory letters, transfer entry in r.c.books, voucher for sale of timber etc., to prove sale of agricultural property and lorry have been furnished and thus, the sources for financing the loan have not been fully explained satisfactorily. we agree with his findings. further, we state that ..... (rs.85,000/- in accounting year 1973-74 and rs.10,000/- in accounting year 1974-75) and the remaining amount by sale of the husband's lorry and agricultural land etc., as per the details given in the loan amount maintained by the appellant. according to this, the loan outstanding as on 31.03.1979 was rs.2, .....
Tag this Judgment!Court : Chennai
..... 17. the learned counsel for the claimants has contended that the deceased was aged about 22 years and he was an earning member as an agricultural coolie. all the claimants are depending upon the income of the deceased and the first claimant is the young widow, the second claimant is a one year old minor child and the third ..... ... respondents (minor 2nd respondent through his mother and next friend s.ponmalar the first respondent) prayer civil miscellaneous appeal is filed under section 173 of the motor vehicles act, against the judgment and decree dated 26.04.2007 passed in m.a.c.o.p.no.1908 of 2005, on the file of the motor accidents claims tribunal, ..... the first respondent's vehicle and as such, the conditions laid down in the policy of insurance and the motor vehicles act, the second respondent is not liable to pay any compensation. the averments in the claim regarding age, income and occupation of the (deceased) was also not admitted. it was submitted that the claim was excessive.5. the .....
Tag this Judgment!Court : Chennai
..... . though it was stated on the side of the petitioners that the (deceased) muthu was earning rs.50,000/- per month, no income tax receipts had been furnished to prove that the deceased was paying income tax. hence, the tribunal on considering that the deceased was running a press and on considering his qualifications listed in ex.p5, held that ..... com, m.b.a graduate and was running a printing press at vannakulam, aranthangi and had employed six persons in his press. he also used to take care of agricultural work, during holidays and earned rs.50,000/- per month. hence, the petitioners have filed the claim against the respondents.3. the respondent in his counter has ..... , pudukottai. .. appellant vs 1.balamani 2.adaikkalam 3.manjula 4.murugan 5.sathaiah 6.muneeswaran .. respondents civil miscellaneous appeal filed under section 173 of the motor vehicle act, 1988, against the decree and judgment passed in m.c.o.p.no.996 of 2009, dated 28.03.2011, on the file of the motor accident claims tribunal .....
Tag this Judgment!Court : Chennai
..... that the power to examine a person on oath is specifically conferred on the authorised officer only under section 132(4) of the income tax act in the course of any search or seizure. thus, the income tax act, whenever it thought fit and necessary to confer such power to examine a person on oath, the same has been expressly provided ..... ? (b) whether on the facts and in the circumstances of the case, the tribunal was right in cancelling penalty under section 271(1)(c) of the income-tax act? and (c) whether the direction of the tribunal is to be construed as a mandatory direction to reopen or a direction to exercise discretion whether to reopen ..... case that the assessee failed to produce books of accounts, which may have been maintained during the regular course of business or any other authentic contemporaneous evidence of agricultural income, the punjab & haryana high court held that the statement under section 133a cannot be held to be irrelevant material. in our considered view, in the .....
Tag this Judgment!Court : Chennai
..... document showing that the deceased was owner of agricultural land of an extent of 10 acres; ex.p4-document showing that the deceased was a partner in ss constructions, ex.p5-original order showing that the deceased had obtained contract from highways department in the year 2001, ex.p6-income-tax returns of the deceased for the year ..... conclusions arrived at regarding liability and quantum of compensation. this court further opines that the learned tribunal had decided the quantum of compensation on the basis of income tax returns and immovable properties. the liability had also been fixed on the basis of f.i.r, and oral evidence of the eyewitness of the accident (p ..... at sembiakudi village, kulamanickam post, ariyalur taluk, perambalur district.) 4. p.sivalingam ... respondents prayer civil miscellaneous appeal is filed under section 173 of the motor vehicles act, to set-aside the judgment and decree dated 31.10.2006 made in m.c.o.p.no.2088 of 2003, on the file of motor accidents claims .....
Tag this Judgment!Court : Chennai
..... "motor accident claim - compensation - quantum - determination - deceased aged 20 years, a bachelor - claimants: parents of deceased aged 47 years and 42 years - income: deceased carried business and was income-tax assessee: income at rs.31,494/- per annum assessed - loss of dependency: tribunal deducting 50% towards personal living expenses, dependency / contribution to family worked out at rs ..... 14. the learned counsel for the claimants has submitted that the deceased age was 22 years and he was earning rs.5,000/- per month through agricultural operations. the first and second claimants are parents of the deceased. the deceased was the only son to the first and second claimants. he was ..... transport corporation, pudukkottai. ... appellant vs. 1.murugesan 2.kalyani 3.geetha ... respondents prayer civil miscellaneous appeal is filed under section 173 of the motor vehicles act, to set-aside the judgment and decree passed in m.c.o.p.no.29 of 2010, dated 08.08.2011, on the file of motor accidents .....
Tag this Judgment!Court : Chennai
..... as rs.2,33,760/-. notice under section 148 of income tax act was issued to the assessee on 09.09.2004. in response to which, assessee had returned a total income of rs.40,393/- comprising of property income, business income and income from other sources. agricultural income of rs.6,000/- was also disclosed. the capital gains ..... (appeal) no.278 of 2010 m.basheer ahamed no.35, east street, needamangalam. ... appellant vs. commissioner of income tax ii, tiruchy. ... respondent appeal is filed under section 260a of the income tax act, 1961 against the order of the income tax appellate tribunal, 'c' bench, chennai dated 31.10.2009 made in i.t.a. no.101/mds/09 ..... and sale deed. the assessee submitted an application under section 144a of the act to the additional commissioner of income tax. the additional commissioner of income tax noted that the assessment in the case of purchaser had been completed as per the income returned by her which represented her share by purchase of property at rs.6 .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Chennai
..... course of assessments is that the assessee trusts are paying interest to snbfcl without deducting tax at source. the assessing officer held that the assessees are bound to deduct tax at source under section 194a of the income-tax act, 1961. but, tax was not deducted. the assessing officer, therefore, held that section 40(a)(ia) ..... boodhan land, assefa will arrange funds from nationalized banks for distributing among the boodhan land allottees, so that they can indulge in different activities including agricultural, for creating an environment of sustainable growth. assefa is a national nodal agency engaged in the upliftment of rural people through programmes designed for sustainable development ..... parts of india. those lands were allotted to landless poor villagers. but, the villagers were not in a position to raise resources to carry on agricultural and other related activities in the land allotted to them. it created a situation that inspite of land allotted to them, the poor people were .....
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