Array
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[0] => ..... so done so that we appreciate the constraints that are placed on foreman in the running and maintaining of the chit. section 2 of the cfa dealt with definitions of the various terms used in the said act and the terms relevant to the issue before us are, chit, chit agreement, chit amount, defaulting subscriber, discount, ..... dividend, draw, foreman, non-prized subscriber, prize amount, registrar, subscriber and ticket. chapter ii of the cfa deals with registration of chits, commencement and conduct of chit business, from sections 4 through to section 19. ..... amount of chit business as is applicable to a firm, association of persons, others, a company, co-operative society who carries on the chit business. section 14 of the cfa prescribes utilisation of funds and this reads, "(1) no person carrying on chit business shall utilise the moneys collected in respect of such .....
[1] => ..... is 1992-93. this appeal is filed against the order of the cit(a)-iii, madras dated 19th august, 1996 and arises out of the assessment completed under section 143(3) of the it act, 1961.2. the assessee in this case is a registered firm carrying on the business of stock brokers. the assessee-firm also derived income from lease rentals and ..... ,64,416 for the impugned assessment year 1992-93. on filing of the return of income, the assessee-firm was requisitioned to get its accounts audited under section 142(2a) of the income-tax act. the requisition was complied with and a special audit report was submitted.the assessment was completed on the basis of various observations made in the special audit .....
[2] => ..... . 31,64,416 for the impugned asst. yr. 1992-93. on filing of the return of income, the assessee-firm was requisitioned to get its accounts audited under section 142(2a) of the it act. the requisition was complied with and a special audit report was submitted. the assessment was completed on the basis of various observations made in the special audit report ..... is 1992-93. this appeal is filed against the order of the cit(a)-iii, madras dt. 19th aug., 1996 and arises out of the assessment completed under section 143(3) of the it act, 1961.2. the assessee in this case is a registered firm carrying on the business of stock brokers. the assessee-firm also derived income from lease rentals and .....
)
Court : Income Tax Appellate Tribunal ITAT Chennai
Decided on : May-27-2003
Reported in : (2003)263ITR65(Chennai)
..... so done so that we appreciate the constraints that are placed on foreman in the running and maintaining of the chit. section 2 of the cfa dealt with definitions of the various terms used in the said act and the terms relevant to the issue before us are, chit, chit agreement, chit amount, defaulting subscriber, discount, ..... dividend, draw, foreman, non-prized subscriber, prize amount, registrar, subscriber and ticket. chapter ii of the cfa deals with registration of chits, commencement and conduct of chit business, from sections 4 through to section 19. ..... amount of chit business as is applicable to a firm, association of persons, others, a company, co-operative society who carries on the chit business. section 14 of the cfa prescribes utilisation of funds and this reads, "(1) no person carrying on chit business shall utilise the moneys collected in respect of such .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Chennai
Decided on : Sep-17-2003
Reported in : (2005)62SCL89NULL
..... is 1992-93. this appeal is filed against the order of the cit(a)-iii, madras dated 19th august, 1996 and arises out of the assessment completed under section 143(3) of the it act, 1961.2. the assessee in this case is a registered firm carrying on the business of stock brokers. the assessee-firm also derived income from lease rentals and ..... ,64,416 for the impugned assessment year 1992-93. on filing of the return of income, the assessee-firm was requisitioned to get its accounts audited under section 142(2a) of the income-tax act. the requisition was complied with and a special audit report was submitted.the assessment was completed on the basis of various observations made in the special audit .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Chennai
Decided on : Sep-17-2003
Reported in : (2005)94TTJ(Chennai)184
..... . 31,64,416 for the impugned asst. yr. 1992-93. on filing of the return of income, the assessee-firm was requisitioned to get its accounts audited under section 142(2a) of the it act. the requisition was complied with and a special audit report was submitted. the assessment was completed on the basis of various observations made in the special audit report ..... is 1992-93. this appeal is filed against the order of the cit(a)-iii, madras dt. 19th aug., 1996 and arises out of the assessment completed under section 143(3) of the it act, 1961.2. the assessee in this case is a registered firm carrying on the business of stock brokers. the assessee-firm also derived income from lease rentals and .....
Tag this Judgment!