Judgment Search Results Home > Cases Phrase: explosives act 1884 section 4 definitions Sorted by: old Court: income tax appellate tribunal itat chandigarh Page 1 of about 155 results (0.291 seconds)

R. S. Narula Vs. Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1986)17ITD576(Chd.)

..... no. 28.sector 9-a, chandigarh, surrounded by a fruit garden beside the lawn in front, back and sides. the property in question was rented out to the indian explosives limited at a total monthly rent of rs. 2,000 per month with rental bifurcation in respect of different parts of the property, as under : (g) fixed price ..... 3 of her order making the following observations, confirmed the action of the ito : ".... this income cannot be categorised as agricultural income within the meaning of section 2 of the income-tax act. this income is part and parcel of rental income." 4. while disputing this finding of the aac, the learned counsel for the assessee s. s. rikhy ..... 400 on account of value of fruit in the compound of the building. moreover, this cannot he said to be agricultural income in view of definition to section 2 of the income-tax act." as per this observation, the ito rejected the assessees claim of exemption in respect of rs. 2,400 having held the same as non-agricultural income .....

Malwa Cotton Spinning Mills Vs. Asstt. Commissioner of

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2004)89ITD65(Chd.)

..... concerns.15. the hon'ble calcutta high court in the subsequent judgments in the cases of reckitt and colman of india ltd. vs. cit 135 i.t.r. 698, indian explosives ltd. vs. cit 147 i.t.r. 392 and british paints (india) ltd. vs. cit 190 i.t.r. 196 has followed its earlier judgment in the case ..... only when there is no nexus between interest bearing loans and interest free advances given by the assessee. hence, as per the above decisions as also provisions of section 36(1)(iii) of it act, the disallowance of interest is fully justified. the disallowance of interest is also justified in view of the decision of hon'ble allahabad high court (supra), ..... which the assessee paid interest. no evidence has been filed by the assessee to prove that these funds were advanced to oswal palms ltd for the purpose of business. section 36(1)(iii) lays down three conditions.only on complying with these conditions, the assessee is entitled to deduction of interest. these are that the assessee must have borrowed .....

Malwa Cotton Spinning Mills Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2004)83TTJ(Chd.)72

..... -free loans given to the sister-concerns.the honble calcutta high court in the subsequent judgments in the cases of reckitt & colman of india ltd. v. cit (supra), indian explosives ltd. v. cit (supra) and british paints (india) ltd. v. cit (supra) has followed its earlier judgment in the case of woolcombers of india ltd. (supra ..... high court reported in woolcombers of india ltd. v. cit (1982) 134 itr 219 (cal), reckitt & colman of india ltd. v. cit (1982) 135 itr 698 (cal), indian explosives ltd. v. cit (1983) 147 itr 392 (cal), british paints (india) ltd. v. cit (1990) 190 itr 196 (cal). he also placed reliance on the judgment of ..... of the assessee. respectfully following the aforesaid decisions , we direct that st and cst be not included in total turnover for purposes of calculating relief under section 80hhc of income tax act. this ground of appeal is accepted." respectfully following the aforesaid decision, we accept this ground and direct the assessing officer to allow cst and st .....

Joint Commissioner of Vs. Kwality Cafe and Restaurant (P.)

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2007)105ITD169(Chd.)

..... on behalf of foreign principals and bought and sold on its own account. under an unwritten agreement which was terminable at will the appellant acted as sold agents and distributors of explosives manufactured by the imperial chemical industries (export) ltd. that agency was terminated and by way of compensation the imperial chemical industries (export) ltd ..... 1982. it was contended that there was no breach of contract insofar as there was no violation in terms of the trade marks act, 1958/1999 in particular section 34 of the act. our attention was invited to delhi high court judgment in senor laboratories ltd. v. jagsonpaul pharmaceutical air 1922 delhi 102 para 9 ..... that in the alternative the assessee having incurred expenditure for the acquisition of trademarks and also having paid advertisement expenses, the amount received was assessable to tax under section 41. in support, reliance was also placed on the decision of the supreme court in the case of polyflex (india) (p.) ltd. v. cit . .....

The J.C.i.T., Special Range-1 Vs. Kwality Cafe and Restaurant (P)

Court : Income Tax Appellate Tribunal ITAT Chandigarh

..... on behalf of foreign principals and bought and sold on its own account. under an unwritten agreement which was terminable at will the appellant acted as sold agents and distributors of explosives manufactured by the imperial chemical industries (export) ltd. that agency was terminated and by way of compensation the imperial chemical industries (export) ltd ..... disclosed by the assessee for goodwill was not sufficient as it was without any basis. it was further contended that the amendment in section 55(2)(a) and section 32 of the act clearly indicate the legislative intent. it was accordingly pleaded that the appeal of the revenue may be allowed.20. we have given our ..... in the alternative the assessee having incurred expenditure for the acquisition of trade marks and also having paid advertisement expenses, the amount received was assessable to tax under section 41. in support, reliance was also placed on the decision of the supreme court in the case of polyflex (india) pvt. ltd. v. cit 257 .....

Seth Panchhi Ram and Co. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1984)8ITD338(Chd.)

..... of the first days of april, 1971, and any subsequent assessment year, an order of fresh assessment under section 146 of the act or in pursuance of an order, under section 250, section 254, section 263 or section 264 of the act, setting aside or cancelling an assessment, may be made at any time before the expiry of two years from ..... the assessee that the impugned order of penalty is ab initio void in law by reason of limitation, we find that limitation prescribed under section 275 as substituted by section 50, taxation laws (amendment) act, 1970, with effect from 1-4-1971 is as under: 275. bar of limitation for imposing penalties.--no order imposing a penalty ..... not originally assessed. the fresh assessment could be made without any time limit under the cognate provisions of the indian income-tax act, 1922 ('the 1922 act') but the 1961 act now provides and prescribes time under section 153(2a) from 1971. the assessment made by the ito on 30-9-1974 was, therefore, an assessment in which .....

income-tax Officer Vs. Raj Kumar Sethi

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1982)1ITD907(Chd.)

..... there is a special provision relating to the deduction of bonus while computing the total income of an assessee in accordance with the provisions of the act. section 36(1)(ii) of the act provides that any sum paid to an employee as bonus or commission for services rendered, where such sum would not have been payable to him as ..... radiators ltd. [1976] 105 itr 680 it was argued that bonus is a part of salary and, therefore, any deduction which is permissible from salary under section 15 of the act could only be allowed to the assessee. the assessments have been framed by the ito keeping this principle in view and, therefore, when the aac issued directions to ..... incurred to the extent of 40 per cent. however, the ito rejected this claim of the assessee on the ground that standard deduction provided under section 16(1) of the income-tax act, 1961 ("the act"), could only be allowed to the assessee because "the assessee is first and foremost a salaried person and all the relevant perks attached to .....

Davinder Singh Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1982)1ITD610(Chd.)

..... facts and in the circumstances of the case, the aac was justified in treating the birds as not animals and denying the assessee exemption available under section 2(e) of the wealth-tax act, 1957 ("the act"). the assessment year involved is 1976-77.2. this appeal was fixed after due notice to the parties but when the appeal was called on for ..... which is under appeal, he filed the return of net wealth on 24-11-1973 declaring net wealth of rs. 63,491 in response to a notice under section 17 of the act issued by the wto. before the wto a claim was made that the assessee was entitled to exemption of his one-half share in the value of birds and ..... in the appellate order in the case of smt. birinder kaur, dismissed the appeal of the assessee. the appeal has been dismissed on the ground that the exemption claimed under section 2(c)(2)(i) is not admissible to the assessee because birds with regard to which the exemption was claimed cannot be construed to be included in the word "animals .....

Punjab State Federation of Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1982)2ITD617(Chd.)

..... a savings bank account with another co-operative society, is entitled to deduction in respect of income by way of interest earned on such funds under section 80p(2)(d) of the income-tax act, 1961 ('the act').2. we have heard the parties. undisputed facts are that the assessee, known as the punjab state federation of co-operative house building societies ..... punjab state co-operative bank, chandigarh.on these funds, it received interest of rs. 30,521. in the return filed on 31-7-1979, a claim for exemption under section 80p(2)(d) was made.3. the ito rejected this claim on the ground that these funds were not investments within the meaning assigned to this word 'investment' used in ..... section 80p(2)(d). this has been confirmed by the aac.4. we have heard the parties and we are inclined to accept the claim of the assessee for the following .....

income-tax Officer Vs. Bishamber Lal

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1983)3ITD310(Chd.)

..... a result of the admission to the benefits of partnership and as such it was not liable to be included in the total income of the assessee under section 64(iv) of the act." (p. 61) 12. for the reasons given by the aac in her order and on the basis of facts of the instant case and in the light of ..... on the basis of above definition that their lordships of the supreme court in the case of k.d. kamath & co. (supra) observed that : the legal requirements under section 4 of the partnership act to constitute a partnership in law are : (i) there must be an agreement to share the profits or losses of the business ; and (ii) the business must be ..... two minor sons, mr. sanjay kumar and mr. ajay kumar, from amar lal bishamber lal should have been added in the hands of the assessee under section 64 of the income-tax act, 1961 ('the act'), as the said income to the assessee's wife and his minor sons arose out of collusive gifts of share in the partnership firm between mr. bishamber .....