Court : Income Tax Appellate Tribunal ITAT Chandigarh
Reported in : (1999)70ITD62(Chd.)
..... account relating to cost of construction, wherein all transactions are recorded. he submitted that the expression 'books of account' and 'record' are not defined in the act. he referred to the definition of these expressions as given in webster's dictionary, wherein it is mentioned that a volume or collection of sheets in which accounts ..... , he submitted that the decision reported in (1971) 80 itr 656 (mp) (supra) is on different issue. he further submitted that the provisions of the evidence act are not applicable to the deeming provisions of ss. 69/69b.11. learned departmental representative pointed out that mr. vinod viyogi was doing work of purchasing land for gfi ..... of land, jewellery, cost of construction and fixed deposit receipts found during search. learned counsel referred to the provisions of ss. 69, 69a and 69b of it act and submitted that the said provisions are deeming in nature and though there are rules of evidence but income is deemed as income of the assessee by fiction and .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Chandigarh
Reported in : (1984)8ITD667(Chd.)
..... appeal directed against the order dated 27-3-1982 passed by the competent authority being the iac, made under section 269f(6) of ths income-tax act, 1961 ('the act'). the impugned order is in respect of an agricultural land measuring 69 kanals 16 marlas along with house building therein situated in village badrukhan, district sangrur ..... in certain cases of transfer to counteract evasion of tax".this chapter consists of 19 sections only running from section 269a to section 269s of the act. section 269a deals with definitions and section 269b provides for appointment of competent authority. section 269c deals with immovable properties in respect of which proceedings for ..... to huf of major tikka khushwant singh and the same was sold by him to swaraj spinning mills ltd., a public limited company, incorporated under the companies act, 1956, having its registered office at singla niwas, shahi samadhan, patiala. the property in question was sold vide three different registered sale deed nos. (i .....
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