Judgment Search Results Home > Cases Phrase: explosives act 1884 section 4 definitions Sorted by: recent Court: income tax appellate tribunal itat patna Year: 2003 Page 1 of about 4 results (0.046 seconds)

Deputy Commissioner of Income Tax Vs. Dr. (Mrs.) Leela Prasad

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2004)84TT(JP.)at592

..... of the aop. the aop being a separate assessable entity is obliged to file the return of income and also pay taxes as per the provisions of the act. section 139(1) makes it obligatory for the aop to file the return of income within the prescribed time if its income exceeds the maximum amount which is not ..... of the firm. receivers were appointed for carrying on the business on behalf of the partners. it was contended before the supreme court that for purposes of section 3 of the it act, an aop must mean an association in which two or more persons voluntarily join in common purpose or common action. it was further contended that for ..... teaching college. a building was constructed at khazanchi road, patna, which was originally shown as exclusively belonging to dr. (mrs.) leela prasad. there was a search operation under section 132 of the it act, 1961 in the residential premises of dr. narendra prasad/dr. (mrs.) leela prasad and at alok nursing home. after the search, dr. narendra prasad and dr, .....

Dina Metal Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2004)84TT(JP.)at761

..... according to her, the undisclosed income as determined by the ao, was correct and that has rightly been brought to tax in view of the provisions under section 158bc of the it act.8. i have gone through the appeal records including the papers compiled in the paper book. from the panchnama dt. 20th dec., 1996 with the inventory ..... weighment was not properly done. according to it (assessee-company) apart from the iron materials which were kept under the deemed seizure in view of proviso to section 132(1) of the it act, the current stocks were also weighed and to this regard an objection was recorded in the panchnama. the ao, however, did not accept the objection of ..... the assessee. thus, in our opinion, the ao was quite justified in treating the value of this unexplained stock as representing undisclosed income of the assessee under section 69a of the act. we accordingly confirm the ao's action on this point.1. i have gone through the proposed order of my learned brother. i am, however, unable .....

Dy. Commissioner of Income-tax Vs. Dr. (Mrs.) Leela Prasad

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2004)91ITD173(Pat.)

..... association of persons.the association of persons being a separate assessable entity is obliged to file the return of income and also pay taxes as per the provisions of the act. section 139(1) makes it obligatory for the association of persons to file the return of income within the prescribed time if its income exceeds the maximum amount which is not ..... chargeable to income-tax. the assessment in the case of an association of persons is required to be made under the provisions of the act, such as section 143 or 144 and/or 147.19. as pointed out elsewhere in this order, the supreme court in the case of i.t.o. v. ch. atchaiah [(supra) held ..... it gave an option to the a.o. to levy tax on either the association of persons or the members of the association individually.on the terms of section 3 of the 1922 act, it was held that if anyone or more members of an association of persons had already been assessed to tax in respect of his or their share income .....

Dina Metal Ltd. Vs. Dy. Commissioner of Income-tax,

Court : Income Tax Appellate Tribunal ITAT Patna

..... by the assessee. thus, in our opinion, the ao was quite justified in treating the value of this unexplained stock as representing undisclosed income of the assessee under section 69a of the act. we accordingly confirm the ao's action on this point.1. i have gone through the proposed order of my ld. brother. i am, however, unable to ..... weighment was not properly done. according to it (assessee company) apart from the iron materials which were kept under the deemed seizure in view of proviso to section 132(1) of the it act, the current stocks were also weighed and to this regard an objection was recorded in the panch nama. the ao, however, did not accept the objection of ..... to her, the undisclosed income as date mined by the ao, was correct and that has right been brought to tax in view of the provisions under section 158bc of the it act.8. i have gone through the appeal records including the papers complied in the paper boom. from the panch nama dated 20.12.96 with the inventory sheets .....