Court : Income Tax Appellate Tribunal ITAT Guwahati
Reported in : (1991)37ITD392(Gau.)
..... powers of a tax recovery officer. the concluding portion of the notification ran : "this notification shall be deemed to have come into force on the first day of april, 1962". it was held, on the fact of that case, that the state govt. could ..... on the facts, of the case, it was held that section 11 of the act does not prescribe any time limit for the investment of the accumulations of a charitable trust in government securities. therefore, the concerned rule which prescribed a time limit of four months for ..... the assessee claimed weighted deduction under section 35b which was introduced in the statute with effect from 1-4-1968 by the finance act 1968. among other things, section 35b prescribed certain weighted deduction to be allowed to the assessee if such assessee has incurred ..... of the said financial year would not apply even if the assessment is made after the amendment comes into force. the issue before us is regarding the operation of rule 6aa which in any way cannot be considered as .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Guwahati
Reported in : (1990)32ITD157(Gau.)
..... been referred in the deed that the first party i.e. the lady for the purpose of construction shall borrow money from any source and take advance securities from the parties, tenants, etc. and such acts would be binding on the other signatories to the deed who would have no objection in finalising terms of the loans etc. it is seen that ..... family, intended to be generally and reasonably for the benefit of the family either by compromising doubtful or disputed rights or by preserving the family property or the peace and security of the family by avoiding litigation or by saving its honour. it has been noted therein that though the agreement maybe implied, it is more usual to embody or to ..... the decision of the hon'ble gauhati high court in the case of u. lebi singh basan [1989] 1 glr 59 that a custom or customary practice may have a force of law, but it is essential that it should be ancient, invariable, certain and reasonable. it was also held by the hon'ble high court, if such custom is .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Guwahati
Reported in : (2004)267ITR37(Gau.)
..... 1984-85 and 1985-86 in the status of hindu undivided family (huf) on 31st march, 1986, the assessing officer (ao) on security of record found that the huf claimed by the assessee did not exist at all. the ao in the assessment order for the asst. ..... the two members constituting the bench, a reference was made to the hon'ble president, it tribunal under section 255(4) of the it act for opinion of the third member on the issues which are as under: "(1) whether, in view of the facts and circumstances ..... the members.in view thereof, the issue is referred to the hon'ble president of the tribunal under section 255(4) of the it act, 1961, for opinion of the third member on the issue which are framed as under: (1) whether, in view of the ..... along with land pattas and land revenue rules, returns of income filed from year to year, provisions contained in section 171 of the act and various case laws relied on by the assessee-huf. the first appellate authority has also observed that not an iota of evidence .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Guwahati
Reported in : (2004)88ITD61(Gau.)
..... difference of opinion between the two members constituting the bench, a reference was made to the hon'ble president income-tax tribunal under section 255(4) of the income-tax act for opinion of the third member on the issues which arc as under : (1) whether, in view of the facts and circumstances of the case, when the assessing officer ..... opinion between the members. in view thereof, the issue is referred to the hon'ble president of the income- tax appellate tribunal under section 255(4) of the income-tax act, 1961, for opinion of the third member on the issue which are framed as under :- (1) whether, in view of the facts and circumstances of the case, when ..... 9-92, details of agricultural land along with land pattas and land revenue rules, returns of income filed from year to year, provisions contained in section 171 of the act and various case laws relied on by the assessee huf. the first appellate authority has also observed that not an iota of evidence has been brought on record by the .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Guwahati
Reported in : (1986)16ITD100(Gau.)
..... the fixed assets as also the personal guarantee of the debtor. he also mentioned that till the transactions went on satisfactorily, the bank did not bother much about the direct security.the commissioner (appeals) pointed out that similar consideration came up in several cases as in the case of coimbatore spg. wvg. co. ltd. v.cit [1974] 95 ..... directed against the order of the commissioner (appeals) by which he has cancelled the reassessment made by the ito under section 144/147(a) of the income-tax act, 1961 ('the act') and thereby deleted the addition of rs. 5,04,127.the relief claimed by the revenue is that the order of the commissioner (appeals) may be reversed ..... failure of the assessee to disclose fully and truly all material facts necessary for the assessment, proceedings under section 147(a) were initiated. notice under section 148 of the act dated 2-10-1977 was served on the assessee on 7-3-1977, which was not complied with by the assessee. subsequently, a notice under section 142(1) .....
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