Judgment Search Results Home > Cases Phrase: explosives act 1884 section 4 definitions Court: income tax appellate tribunal itat delhi Year: 1989 Page 2 of about 18 results (0.080 seconds)

Jhalani Tools (i) (P.) Ltd. Vs. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)31ITD81(Delhi)

..... the facts and in the circumstances of the case, the appellate tribunal erred in law in holding that the assessee was eligible for claiming weighted deduction under section 35b of the income-tax act, 1961 and expenditure on wrappers after bifurcation by the income-tax officer? 6. "whether on the facts and in the circumstances of the case, the ..... ] 4. "whether on the facts and in the circumstances of the case, the appellate tribunal erred in law in holding that for the purposes of section 43(1) of the income-tax act, 1961, the central subsidy received by the assessee for the assessment years under reference were not to be reduced from the cost of fixed assets for ..... mentioned in the last column of the above table. he held that 55% of the entire cash receipts representing revenue receipts were taxable as income under section 28(iv) of the income-tax act, 1961. he noticed that ccs was paid to the exporter with reference to the value of exports and therefore, the payments arose directly from the .....

Smt. Rattan Mala JaIn Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)31ITD62(Delhi)

..... kumar jain is a partner in kishan flour mills as a representative of the persons constituting m/s sumat prasad jain & co. exemption under section 5(1)(xxxii) of the wealth-tax act is available to a person in respect of the value of the interest of the assessee in the assets forming part of an industrial undertaking ..... on which the aforesaid exemption was available and the assessee appealed to the aac.3. the aac thought that the assessee was not entitled to any exemption under section 5(1)(xxxii) and, he, therefore, issued enhancement notices to the assessee proposing to withdraw the exemption and he ultimately withdrew the exemption. as a result ..... jain & co., of which the assessee is a partner. we, therefore, agree with the authorities below that the assessee was not entitled to exemption under section 5( 1)(xxxii) of the wealth-tax act.9. the assessee having failed on the main issue, the consequential contention regarding the quantification of the amount of exemption becomes redundant. .....

income-tax Officer Vs. Servants of the People Society

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)31ITD426(Delhi)

..... while considering the charitable character of the present society and, in our view, the larned counsel is right in contending so. charitable purpose has been defined in section 2(75) of the act as under : - "charitable purpose" includes relief of the poor, education, medical relief, and the advancement of any other object of general public utility not ..... two appeals is as under: - on the facts and in the circumstances of the case, the learned cit(a) erred in allowing the exemption under section 11 of the act to the assessee as the object of the assessee are political.as is evident from the ground raised by the revenue the revenue's contention merely is that ..... we are in agreement with this view. therefore, we hold that the assessee is a charitable institution existing for a charitable purpose, as defined in section 2(75) of the income-tax act, 1961.13. the newspaper the foundry and the press are the properties held by the assessee under trust and, therefore, the income therefrom would be .....

Har Parshad and Co. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)29ITD608(Delhi)

..... of the assessee-company and that she may not fall within the definition of the word relative, for the purpose of disallowance of expenditure under the provisions of section 40a of the it act, yet the fact remains that she was intimately connected with the management of m/s. harprashad & co.ltd. and she was one of its directors at ..... proceed to record them in the presence of the parties before us.2. the income-tax officer made the impugned assessment on 19-9-1984 under section 143(3) read with section 144b of the act. in this assessment he determined the total income of the assessee at rs. 34,95,840 as against the loss return of rs. 7,53, ..... ito for the year under appeal appearing at pages 29 to 32 and further special resolution passed on 12-10-1978 and the explanatory statement required under section 173(2) of the companies act, 1956 were brought to our notice.in particular agreement dated 19th july, 1978 was projected as the document evidencing service rendered by the commission agents for .....

income-tax Officer Vs. Girivanvasi Pragati Mandal

Court : Income Tax Appellate Tribunal ITAT Delhi

..... excluded except the provisions contained in the non obstante clause.thus, the non obstante clause will exclude the operation and applicability of every other provision in the act or the section, as the case may be, other than those that are provided for in the non obstante clause because the purpose of a non obstante clause is ..... account of the reason mentioned by the learned income-tax officer for imposing such penalty and also by keeping in view the provision of sub-section (3)(a) of section 271 of the act. since the facts did not admit of any further interpretation or conclusion, the setting aside of the issue to the learned appellate assistant commissioner ..... by the assessee and the learned appellate assistant commissioner mentioning that the learned income-tax officer was not justified in imposing the penalty and making mention of section 271 of the act, cancelled the penalty, observing that no penalty for late filing of the return could be imposed in such a case.17. the issue was brought .....

Dr. M.G.K. Menon Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)31ITD86(Delhi)

..... or betting of any form or nature what-so-ever will be regarded as income for purposes of the income-tax act [section 3(b)(ii) of the finance act]. it should, however, be noted that receipts, which arc of a casual and non-recurring nature, will be liable to income-tax only if they ..... it to any extent. it is not a receipt by way of addition to the remuneration of an employee, within the meaning of that expression in section 10(3) of the income-tax act, 1961. we are in agreement with the contention of the learned counsel for the assessee that the receipt in question was purely casual and nonrecurring, but ..... termed as casual income. we cannot do anything better, than to extract a few lines from the said explanatory notes: -- (1) the definition of "income" in section 2(24) of the income-tax act has been amended to specifically provide that winnings from lotteries, crossword puzzles, races including horse races, car games and other games of any sort or from gambling .....

State Trading Corpn. of India Ltd. Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1991)36ITD497(Delhi)

..... contended before us on behalf of the assessee. the expression "produce of plantations" used in sub-clause (i) of sub-clause (b) of sub-section (2) of section 80hhc has not been defined under the act. so we have to turn to the dictionary meaning of the word "plantation" to find out the meaning of this word in the context of ..... (bom.) (sb) and shree arbuda mills ltd v. ito [1983] 3 sot 311 (ahd.). it was next contended by shri srivastava that the explanation to section 263(1) substituted by the finance act, 1988 with effect from 1-6-1988 would not make any difference for the reason that the explanation was substituted with effect from 1-6-1988 and ..... behalf of the assessee in support of the theory of total merger no longer hold good in view of the explanation, clause (c) to section 263(1) which has been retrospectively amended by the finance act, 1989. the commissioner, therefore, in this case had the jurisdiction to revise the assessment on the issues which were not considered and decided in .....

Y.W.C.A. of India Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)29ITD620(Delhi)

..... levy of tax in the previous years. but this year the said exemption was declined on the ground that the requirements of section 12a were not satisfied. while section 11 of the income-tax act granted exemption on income derived from property held for charitable or religious purposes subject to certain conditions laid down therein, yet that ..... exemption was not absolute and it was made subject to the further conditions imposed under section 12a of the income-tax act. the conditions prescribed under section 12a are, to quote from its own language: (a) the person in receipt of the income has made an application for ..... institution after the expiry of the period aforesaid; (b) where the total income of the trust or institution as computed under this act without giving effect to the provisions of section 11 and section 12 exceeds twenty-five thousand rupees in any previous year, the accounts of the trust or institution for that year have been .....