Co Ltd V Cit - Judgment Search Results

Madhya Pradesh Co-operative Bank Ltd. Vs. Additional Commissioner of I ...

Court: Supreme Court of India

Reported in: (1996)134CTR(SC)92

such investments would be outside the tax net. That is why this Court in Bihar State Co-operative Bank Ltd. vs . CIT : [1960]39ITR114(SC) ) while dealing with income derived by way of interest on short-term deposits … J. :Special leave granted in SLP(C) Nos. 5813-14 of 1982.2. The assessee in all these cases is a co-operative society registered under the Madhya Pradesh Co-operative Societies (Amalgamation) Act, 1957, hereinafter called the Act. While framing assessment … the society is to be wound up. These eventualities will, however, be very rare.'Obviously as per the above instructions no part of the reserve fund

Smt. Tej Kumari Vs. Commissioner of Income Tax and ors., Uday Mistana ...

Court: Patna

Besides the above, applying the principle of law laid down by the Supreme Court in J. K. Synthetics Ltd. v. CTO : 1994ECR329(SC) , the question has to be answered in the same line as answered by the … tax on the total income as declared in the return. The said decision is reported as Ranchi Club v. CIT & Ors. : [1996]217ITR72(Patna) . The correctness of that decision was doubted before the Division Bench by the … M. Y. Eqbal, J.A Division Bench of this court took up two sets of writ petitions for analogous hearing, one set

Uday Mistanna Bhandar and Complex Vs. Commissioner of Income Tax and o ...

Court: Patna

an appealable order. On the analogy of the decision of the Supreme Court in Central Provinces Manganese Ore Co. Ltd. : [1986]160ITR961(SC) , it could certainly be said that in the quantum appeal the assessee could challenge the … (Amendment) Act, 1987, w. e. f. 1st April, 1989. A Bench of this Court in Ranchi Club Ltd. vs . CIT : [1996]217ITR72(Patna) , while interpreting ss. 234A and 234B of the Act, held that interest under

Bhairav Lal Verma Vs. Union of IndiA. Mohd. Farooq V. Cit. (Civil Misc ...

Court: Allahabad

Reported in: (1998)146CTR(All)16

in both the writ petitions have challenged the orders passed by the CIT under s. 273A of the IT Act (hereinafter referred to as the … of the IT Act (hereinafter referred to as the Act) rejecting their applications for waiver of penalty.The learned counsel for both the parties have stated that ss. 271 and 273A, as they were before 1st April, 1989, … Bench has referred these two petitions to Full Bench 'to decide as to the meaning of the word voluntary in s. 273A of the IT Act and s. 18B of the WT Act and in particular to

Kamal Kishore and Co. Vs. Commissioner of Income Tax. (Also Iqbal and ...

Court: Madhya Pradesh

Reported in: (1997)137CTR(MP)148

INDORE BENCHA. R. TIWARI, J. :These Misc. Civil Cases are heard as connected matters and are being disposed of by this common order.Misc. Civil Case No. 60 of 19892. On application … yrs. 1977-78 to 1979-80 :'Whether, on the facts and in the circumstances of the case, the Tribunal, in view of the ground of appeal taken before it, erred in law in setting aside the order passed by … before it, erred in setting aside the entire order passed by the CIT(A)?'Misc. Civil Case No. 386 of 19916. At the instance of the assessee

Biru Mal Gauri Shankar JaIn and Co. Vs. Commissioner of Income-tax and ...

Court: Punjab and Haryana

Reported in: (2000)161CTR(P& H)410; [2000]243ITR234(P& H)

N.K. Sud, J.1. This order will dispose of two Writ Petitions No. 16477 and 16507 of 1999 involving common questions of law based on identical facts. Since the detailed arguments have been advanced in CWP No. 16477 … s. 89 of the Finance (No. 2) Act, 1998 (for short 'the Act'), in respect of the Kar Vivad Samadhan Scheme, 1998 (for short 'the KVSS'), before the designated authority on 6th January 1999. This declaration pertained … that the appeal filed on 30th December, 1998, was pending before the CIT(A) (Central), Ludhiana. The designated authority vide order, dt. 27th January 1999, under

Narayanan and Co. and anr. Vs. Commissioner Income Tax. (Also K. S. Ra ...

Court: Kerala

Reported in: (1996)134CTR(Ker)105

the correctness of an earlier Bench decision of this Court in CIT vs . Union Tobacco Co. : [1961]41ITR115(Ker) . According to the Bench, in … put beyond any doubt whatsoever by the Constitution Bench of the Supreme Court in the decision Khoday Distilleries Ltd. vs . State of Karnataka : (1995)1SCC574 . Thus, the right of a citizen to deal in intoxicating … K. SREEDHARAN, J. :These references have come before us pursuant to an order of reference dt. 30th Sept., 1993 passed by a Division Bench. The

Commissioner of Income Tax Vs. Metallurgical Engineering Consultants ( ...

Court: Patna

asset, the Tribunal relied on the decision of the Gujarat High Court in CIT vs . Elecon Engg. Co. Ltd. : [1974]96ITR672(Guj) .3. In Scientific Engg. House (P) Ltd. vs . CIT : [1986]157ITR86(SC) the Supreme Court was … the Tribunal that the abovementioned amounts had been spent by the assessee on acquiring patents and drawings is vitiated ?3. Whether the Tribunal was correct in law in holding that the assessee was entitled to deduction of

Commissioner of Income Tax Vs. Presidency Co-operative Housing Society ...

Court: Mumbai

Reported in: (1993)112CTR(Bom)216

other cases which have been cited in this connection are CIT vs . Port Canning & Land Improvement Co. Ltd. reported in : [1966]62ITR87(Bom) Ukhara Estate Zamindaries P. Ltd. vs . CIT reported in : [1979]120ITR549(SC) , CIT … developed the land and laid out roads and provided other amenities. Instead of directly allotting the plots to various individuals for the purpose of constructing houses, the Housing Board gave permanent leases in favour of 14 co-operative

Commissioner of Income Tax Vs. First Leasing Co. of India Ltd. (Cit V. ...

Court: Chennai

Reported in: (1997)140CTR(Mad)218

Analysis:VR. C. RM. Adaikkappa Chettiar v. CIT (1970) 78 ITR 285 (Mad) and CIT v. Scindia Steam Navigation Co. Ltd. (1961) 42 ITR 589 (SC) followed.Application:Also to current assessment years.A. Y.:1977-78Dt. Ord.:12-9-1996Income Tax Act 1961 s.32(1)(vi)Income Tax Act … Ajodhpya Prasad Tara Chand Khokra v. CIT (1967) 66 ITR 576 (All) relied on. Blue Bay Fisheries (P) Ltd. v. CIT (1987) 166 ITR 1 (Ker) distinguished.A. Y.:1977-78Dt. Ord.:12-9-1996Income Tax Act 1961 s.32(1)(vi)Income Tax Act 1961 s.32ADepreciation--INITIAL DEPRECIATION--Leasing of