Judgment Search Results Home > Cases Phrase: explosives act 1884 section 4 definitions Court: allahabad Year: 2006 Page 19 of about 185 results (0.130 seconds)

Shakuntala Jaiswal Vs. Acit, Range-ii

Court : Income Tax Appellate Tribunal ITAT Allahabad

..... involving the allowing of the possession of any immovable property to be taken or retained in part performance of a contract of the nature referred to in section 53a of the transfer of property act, 1882 (4 of 1882); or (vi) any transaction (whether by way of becoming a member of, or acquiring shares in, a co-operative society ..... the assessment proceedings, which clearly indicates that the appellant is accepting that capita gain is attracted. the definition of the capital gains is given in the section 45 of the income tax act wherein it is stated that "(1) any profits or gains arising from the transfer of a capital asset effected in the previous year shall, save as ..... ld.cit(a) raising 26 grounds. the assessee sought permission to revise the grounds. the gist of revised grounds is as under: (1) notice under section 148 of the income-tax act is wholly illegal and without jurisdiction. (2) investment in free-hold charges of stamp duty in investment in. free hold charges and stamp duty is not .....

The Dy. Cit Vs. Sri Alok Banerjee and Sri Subir

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2008)111ITD339(All.)

..... and to substitute in its place the new assessment. the relevant part of head notes is as under: (i) that as a result of the retrospective amendment in section 5(1)(viii) of the act, the exemption on jewellery was not admissible and, therefore, the, net wealth chargeable to tax had escaped assessment f6r'that year. thus, the wealth-tax officer was ..... also taken an advance of rs. 7,50,000. a.m. wheller & co. pvt. where he is a director. the above amount is a deemed dividend under section 2(22) (e) of the it act, 1961. in view of the above i have reason to believe that income chargeable to tax amounting to rs. 13,36,835 (rs. 5\86,835 +rs. 7 ..... following gross objection in support of the order of the ld. cit(a): 1. because considering the facts and the circumstances of the case the proceedings under section 147 and 148 of the income-tax act, 1961 which have been initiated on the basis of erroneous assumption and facts, in absence of any genuine and definite information, without a valid and legal .....

Siddhivinayak Paddy Processors Vs. State Bank of Indore

Court : DRAT Allahabad

Reported in : III(2007)BC1

..... has also been held by the earned tribunal that the provisions of order 8 rule 5 of the cpc would not be applicable as a bar as per section 22 of the rddbfi act and adjudication shall be governed by the principles of natural justice. even if it is held that pro vision of order 8 rule 5 is not applicable ..... act should apply as enumerated under section 19(20) of the rddbfi act itself, where the tribunal have been given power and authority to fix/determine the interest portion as it deems fit to meet the ends of justice ..... the appellants. it is true that the courts have got no power to vary the agreed rate of interest between the financial institution and the loanee as per section 21a of the banking regulation act, but when the banking documents are in variance regarding the rate of interest, then definitely the provisions of the special statute i.e. rddbfi .....

Umang Agarwal Vs. Asstt. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2008)110ITD391(All.)

..... a.y. 2002-03 should have been considered by the a.o. as undisclosed income for the block period. the cit took recourse to the provisions of section (sic) substituted by the finance act, 2002 with retrospective effect from 1.7.1995 according to which no reduction on account of income disclosed in the return from a.y. 2002-03, ..... (1)(ca) for the proposed action. the said section 158bb(1)(ca) reads as under: 158bb(1). the undisclosed income of the block period shall be the aggregate of the total income of the previous years falling within the block period computed, in accordance with the provisions of this act, on the basis of evidence found as a result ..... income. in cit v. rewa shankar a. kothari (supra) it was held that the tribunal is well within its jurisdiction to examine whether cit has rightly exercised jurisdiction under section 263. in cit v. mehrotra bros, (supra), it was held that where assessee has furnished all the information and a.o. considered them in the order of assessment, .....

Asstt. Commissioner of Income Tax Vs. District Cooperative Bank Ltd.

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2007)109ITD215(All.)

..... banking business is limited to keeping deposits and lending the same to the borrowers. it is only a common sense presumption but not the legal one.in section 5(b) of banking regulation act, banking is also defined as under: banking means accepting, for the purpose of lending or investment of deposits of money from the public repayable on ..... ,566/- shown in the para 4.0 of his order) earned on deposits with u.p. co-operative bank and other banks is covered under section 80p(2)(i) of i.t. act, 1961 relying on the decisions given by hon'ble supreme court in the cases of cit v. karnataka state cooperative apex bank 251 itr 194 and ..... received by the assessee, a cooperative society carrying on banking business, were business income of the assessee, and the assessee was entitled to deduction under section 80p(2)(a)(i) of the' income tax act, 1961, in respect thereof. cit v. karnataka state cooperative apex bank and mehsana district central cooperative bank ltd. v. ito followed. held also that .....