Judgment Search Results Home > Cases Phrase: coal mines nationalisation act 1973 chapter i preliminary Sorted by: old Court: income tax appellate tribunal itat delhi Page 1 of about 6 results (0.126 seconds)

iraqi Airways Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1987)23ITD115(Delhi)

..... reproduced as relevant :- this principle is of great practical importance nowadays when nationalisation is in the air. if the government of a country in order to carry into effect its scheme of nationalisation of a particular industry, say, coal-mining or generation or distribution of electricity, incorporates a body which is responsible ..... assistant commissioner could not verify the bills and vouchers for making any worthwhile investigations to compute the world income with reference to the indian income-tax act. according to him, mere acceptance of the statement of accounts without making any inquiry and investigation was not proper.according to the learned cit ..... administration wholly manned by the director general of civil aviation and the representatives from the ministry of finance and communications. the board was to act independently in its administrative and financial matters but where there were financial implications about a parti-cular level the approval of the council of .....

Godore Tools (India) (P.) Ltd. Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1988)25ITD193(Delhi)

..... the decisions of the supreme court, etc., are the following : (i) the nature of the receipt is to be determined from a commercial point of view [national cement mines industries ltd. v. cit [1961] 42 itr 69 (sc)]. (ii) the name given to the transaction which is the source of the receipt, is not conclusive though ..... same. in the case of jeewanlal (1929) ltd. (supra) no doubt, it was held that the cash assistance received by the exporters was inextricably connected with the act of exportation and that it was incidental to and supplemental to the trading receipts. however, the following factors need to be noticed in regard thereto : (iii) the decision ..... following grounds : that the learned cit (appeals) erred, in not allowing the full amount claimed by the appellant for deduction under section 35b of the income-tax act, 1961 particularly with regard to expenditure incurred as interest paid on post-shipment export credit loan ; loss incurred owing to the fluctuation in the rate of exchange ; .....

Sunil Agarwal Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

..... of the ao only from 14th july, 1997, onwards.5. the assessee during the proceedings claimed doing business in plastic raw material (plastic granules), software chemicals and mining equipment through the medium of two sole proprietorships and two companies.6. at this stage i would like to refer to certain other additions made by the ao ..... aforesaid, but which were returned back with the remarks "no such concerns exists". on being confronted the assessee filed affidavits wherein it was stated that these persons had acted as name-lenders for the assessee's companies for a consideration of rs. 100 on each rs. 1,00,000 deposited in their bank accounts.18. the ..... bank accounts were disclosed prior to the search. therefore, any entry made in the bank account can be considered while completing the assessment under section 158bc of the it act as the provisions are very clear.15. next addition is on account of jewellery found during the course of search. the ao was not satisfied with the explanation .....

Shri Dev Kumar JaIn Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

..... that in case of one of the five partners sri terrance de noronha was a partner in garg noronhas against which proceedings under section 148 of the income-tax act were pending. thus, it could not be stated that no assessment or reassessment proceedings were pending. thus, without going into the elaborate issue which was before ..... the calcutta high court in the cases of brittania industries has also been referred to .in this, the assessing officer had assumed jurisdiction u/s 148 of the act to issue notice for escaped capital gins. thus, the facts as appreciated by their lordships of the calcutta high court are diametrically different.25. reliance has been ..... circle rates could be taken into consideration. it was further contended that this was introduced as after the removal of section 52(2)(1), there was no provision under the act under which the authorities could proceed. reliance was placed upon brittania industries ltd. v. dcit & others - 238 itr 57. reliance was also placed upon cit v. .....

Dev Kumar JaIn Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2004)82TTJ(Delhi)703

..... authorities based on mere guesswork. their lordships were considering the position as it stood in 1966-67 assessment year whereas section 55a was inserted by taxation laws (amend.) act, 1972 w.e.f. 1973. thus, blindly relying upon a certain judgment without considering the facts, the contents and the question of law determined there, does ..... contended that in case of one of the five partners sri terrance de noronha was a partner in gurg noronhas against which proceedings under section 148 of the it act were pending. thus, it could not be stated that no assessment or reassessment proceedings were pending. thus, without going into the elaborate issue which was before ..... calcutta high court in the case of brittania industries (supra) has also been referred to. in this, the ao had assumed jurisdiction under section 148 of the act to issue notice for escaped capital gains. thus, the facts as appreciated by their lordships of the calcutta high court are diametrically different. 25. reliance has been .....

Sheraton International Inc. Vs. Deputy Director of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2007)293ITR68(Delhi)

..... any managerial, technical or consultancy services (including the provision of services of technical or other personnel) but does not include consideration for any construction, assembly, mining or like project undertaken by the recipient or consideration which would be income of the recipient chargeable under the head 'salaries'.41. as is evident from sub ..... rendered entirely outside india on a global basis and the provision of reservation facility and accordingly, the same cannot be regarded as 'royalty' under the it act. 2(c) that without prejudice to the above, even otherwise the learned cit(a) fell in error in not appreciating that since there existed a ..... department while giving approval to a particular agreement examines that agreement from its own angle and within the mandate provided to that authority under the particular acts or rules and, therefore, such approval does not preclude the other departments from examining the nature of payment under the relevant statute. he, therefore, .....