Cit - Year 1995 - Judgments

Sep 20 1995 (HC)

Alessandro Constantini Vs. Commissioner of Income Tax

Court: Gujarat

Decided on: Sep-20-1995

Reported in: [1997]226ITR883(Guj)

..... to costs i direct taxation assessment sections 9 10 14 16 and 256 1 of income tax act 1961 whether tribunal justified in holding rs 70875 rs 7908 and rs 945 not ..... the nature of receipt in the hands of the assessee and under what head of income it is to be taxed in his hands it is neither the case of the assessee nor is the finding that assessee was not .....

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Aug 03 1995 (HC)

Commissioner of Income Tax Vs. Cheran Transport Corporation Ltd.

Court: Chennai

Decided on: Aug-03-1995

Reported in: (1996)134CTR(Mad)466; [1996]219ITR203(Mad)

..... assessee no costs direct taxation liability sections 28 37 37 1 and 256 of income tax act 1961 whether tribunal right in holding that interests for relevant assessment years payable to ..... liable question referred to court answered in negative and in favour of assessee head note income tax capital or revenue expenditure interest payable on compensation due to former owners of transport undertaking .....

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Oct 16 1995 (HC)

M.B. Nagendra Simha and Sons Vs. Commissioner of Income Tax and anr.

Court: Karnataka

Decided on: Oct-16-1995

Reported in: ILR1995KAR3202; [1996]219ITR100(KAR); [1996]219ITR100(Karn); 1996(41)KarLJ280

..... had not been made available to the assessee before an order levying interest was made it was open to the assessee to apply to the ito after such an order has ..... assessment under s 144 on the amount of the tax payable on the total income as determined on regular assessment as reduced by the advance tax if any paid and any tax deducted at source provided that the ao may in .....

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Nov 22 1995 (HC)

Commissioner of Income Tax Vs. Vinod GuptA. (Also Cit V. O. P. Gupta).

Court: Punjab and Haryana

Decided on: Nov-22-1995

Reported in: (1997)141CTR(P& H)144

..... the order dt 31st may 1979 passed by the iac of income tax acquisition range rohtak as the competent authority under s 269f 6 of chapter xx ..... of rs 20 000 on a report by the inspector of it that the fair market value of the property in dispute was rs 41 ..... on the transferor and the transferee on 30th july 1973 before it was published in the official gazette was illegal and all subsequent proceedings including .....

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Dec 06 1995 (HC)

Commissioner of Income Tax Vs. Ramesh Malik Cit V. Smt. Kamini Malik ( ...

Court: Madhya Pradesh

Decided on: Dec-06-1995

Reported in: (1996)131CTR(MP)479

tiwari j the applicant cit bhopal has filed these seven reference applications as particularised above

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Aug 28 1995 (HC)

Deputy Commissioner of Income Tax Vs. Divya International (P) Ltd. (Al ...

Court: Delhi

Decided on: Aug-28-1995

Reported in: (1996)54TTJ(Del)187

..... to the observations in para 11 are also dismissed head note income tax business expenditure allowability assessee having no liability to bear the expenditure ratio if assessed has ..... in any case as a legitimate expenditure incurred for earning of income application also to current assessment years a y 1985 86 to 1988 89 income tax act 1961 s 37 1 labour services disability pension vikramajit sen .....

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Aug 09 1995 (HC)

Chandra Timber Traders Vs. Deputy Commissioner of Income Tax. (Also Al ...

Court: Delhi

Decided on: Aug-09-1995

Reported in: (1996)54TTJ(Del)544

..... of extra profit and the commissioner appeals is equally unjustified in directing the assessing officer to estimate the sales at rs 46 50 000 and adopt a gross profit rate of 11 5 case law analysis rmp perianna pillal co v cit 1961 42 itr 370 mad relied on laxmi stores v cst 1979 43 stc 167 all applied application also to current assessment years a y 1987 88 income tax act 1961 s 145 business .....

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Apr 10 1995 (HC)

Green Carriers and Contractors (Delhi) Pvt. Ltd. Vs. Deputy Commission ...

Court: Delhi

Decided on: Apr-10-1995

Reported in: (1995)53TTJ(Del)177

..... the help of any material application also to current assessment years a y 1985 86 income tax act 1961 s 37 1 labour services disability pension vikramajit sen sanjiv khanna s l ..... fallacy in reasoning and thereforee endorsing his finding dismiss appeal of the revenue head note income tax business disallowance under s 40a 5 40 c applicability of s 40a 5 house rent .....

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Sep 20 1995 (HC)

Alessandro Constantini Vs. Commissioner of Income Tax. (Cit V. Alessan ...

Court: Gujarat

Decided on: Sep-20-1995

Reported in: (1996)136CTR(Guj)199

..... under what head of income it is to be taxed in his hands it is neither the case of the assessee nor is the finding that assessee ..... as employee of foreign collaborator was the income chargeable to tax from salaries and accordingly it will have to be computed under that head it will also therefore be eligible for deductions as are permissible while computing income from salary head we are of the opinion .....

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Jan 06 1995 (HC)

Commissioner of Income Tax Vs. Shiv NaraIn Deopura (Db It Ref. No. 38 ...

Court: Rajasthan

Decided on: Jan-06-1995

Reported in: (1996)130CTR(Raj)299

..... and against the revenue head note income tax loss carry forward and set off belated filing of loss return ratio held assessee filing ..... application not to current assessment years a y 1981 82 income tax act 1961 s 80 income tax act 1961 s 139 4 it is well settled by now that a return can always be filed at any time before the assessment is made it can well be said that s 22 2a would stand satisfied .....

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