Earned - Judgment Search Results

Sunil Agarwal Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Delhi

..... neither there is any transaction in the name of assessee which shows that assessee has earned commission 11 on the other hand the learned departmental representative strongly placed reliance on the ..... filed by the assessee during the course of assessment proceedings whereby he categorically denied having earned any commission on job work he also requested to allow cross examination of the persons .....

Bharatiya Janata Party Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2002)80ITD89(Delhi)

..... same cannot be rejected as non business merely because the ultimate objective is not for earning profit earning of profit need not be an end in itself the ultimate objective can be ..... aspect and further there was no express provision that the party will undertake publication for earning profit it was submitted that the surrounding circumstances clearly indicated that the publishing activity of .....

Surat District Co-operative Bank Vs. Income Tax Officer and ors.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2003)262ITR1(Ahd.)

..... learned counsel on the strength of the aforesaid judgment contended that so far as income earned on investments attributable to utilisation of reserve funds being statutory reserves under section 67 ..... by the bank as already discussed above investment is banking activity and therefore any income earned out of investment activity is income from banking business and therefore eligible for deduction .....

Forest Development Corporation Vs. Joint Cit

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (2004)87TTJ(Nag.)519

..... interest alone was capitalized the interest liability was much more than the interest the assessee earned by making investment of idle funds and therefore the net interest liability alone was ..... in construction development period to the capital account of the plantation activities likewise the interest earned on the unutilized funds loans during this long gestation period has been credited to the .....

V.D. Vachhani (Huf) Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2003)86ITD652(Ahd.)

..... has been claimed and shown by the family asstt net agricultural net agricultural income earned from income earned from 1987 88 21012291989 90 3334324 8361761990 91 1953936 22017981991 92 3268632 29768181992 ..... the addition therefore deserves to be deleted these group companies have thus categorically denied earning of any income on account of under invoicing of sales and inflation of expenses .....

Rajeev Enterprises Vs. Assessing Officer

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (2003)78TTJ(JP.)330

..... to consider the following question whether on the facts and circumstances of the case the earning of interest on its idle and surplus funds temporarily invested by the assessee constitutes business ..... treated as an incidental receipt in such cases interest would be business income ii that earning of interest may in itself be real substantial systematic regular continuous and organized activity to .....

Jindal Vijayanagar Steel Ltd. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT

Reported in: (2003)87ITD630(Bang.)

..... 3 perusal of the balance sheet and prospectus clearly indicates that the company wanted to earn substantial income which it wanted to deploy towards establishing capital intensive projects mention of internal ..... thus there is direct nexus between amount borrowed and investment lending on which interest is earned the investment lending activity has been carried on in a systematic approach the assessee .....

Asia Satellite Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2003)85ITD478(Delhi)

..... foreigner and utilises it in commercial operations in india and earns income therefrom the foreigner in such a principal to principal ..... non residents are utilising the services of the assessee for earning income from advertisers and cable operators being the source in ..... two aspects on this issue namely the apportionment of revenue earned by the assessee relatable to india and deducibility of expenses .....

Assistant Commissioner of Income Vs. Rayang Timber Products (P) Ltd.

Court: Income Tax Appellate Tribunal ITAT Guwahati

Reported in: (2002)82ITD73(Gau.)

..... 685 1998 67 itd 411 and has held that interest income earned on investment necessitated by compelling business retirements would be treated ..... of the hon ble madras high court the present interest income earned by the assessee cannot be treated as income derived from ..... under the heading of income from other sources therefore any income earned from fixed deposits and the interest thereon could not be .....

Asian Hotels Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2002)81ITD127(Delhi)

..... actual persons rendering the services to foreign tourist and impliedly earning foreign exchange it was sort of a judicial error and ..... the services to the foreign tourists and the basic source of earning the foreign exchange accordingly that explanation is to be given ..... from foreign tourists the intention of the legislature was to earn maximum foreign exchange and the person who were the earners .....