Judgment Search Results Home > Cases Phrase: explosives act 1884 section 4 definitions Sorted by: recent Court: income tax appellate tribunal itat Year: 2006 Page 8 of about 332 results (0.114 seconds)

The Income-tax Officer Vs. Shri T.G. Veeraraghavan

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (2007)108ITD288(Coch.)

..... similar submissions as made before the assessing officer were made. it was reiterated before the commissioner of income-tax (appeals) that there was no specific provision in section 199 of the act, till the assessment year 1996-97 and such the provision enabling adjustment of proportionate share of tax deducted at source relatable to income from jointly owned property was ..... on record a xerox copy of the notes on clauses reported in 220 itr 216 (statute) and drew my attention to clause 48 seeking the amendment to section 199 of the income-tax act relating to credit for tax deducted. he pleaded that why the amendment was brought in is important. adverting to the clause 48, he pleaded that these ..... , according to him, in this case the assessee is only a co-owner of the property, the income there from could have been considered only under section 26 of the income-tax act, 1961, and thus, it would be seen that the share income from the property has to be admitted by each co-owner and the share of .....

Badri Vishal Aggarwal Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)105TTJ(Delhi)418

..... gone through the orders of the lower authorities, various materials placed on record as well as the statement of the assessee recorded by the ao under section 131 of the it act, 1961. from the record, we found that during the year under consideration, the assessee has credited income in his books of account in respect of ..... sufficient to form a belief that income of assessee had escaped assessment, and therefore, ao was justified in initiating reassessment proceedings under section 147 by issue of notice under section 148 of the act.9a. now coming to the merit of addition made, we found that the ornaments sold were duly disclosed by the assessee under the ..... these, persons had alleged the name of assessee receiving draft of sale consideration, as bogus transaction. as per our considered view, after amendment of section 147 by direct tax laws (amendment) act, 1987 w.e.f. asst. yr. 1989-90, the scope of reopening of assessment has been enlarged and accordingly reason to believe that there .....

Dy. Cit Vs. Rajiv A. Shah

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... not been fulfilled in the year under consideration. since the taxable event did not take place in the year under consideration, the question of capital gain under section 45 of the act did not arise.13. much emphasis was laid by the assessing officer on clause 4 of the agreement, wherein date of completion of transaction has been left ..... payment, then mr. prakash shah, as a trustee, was bound to return the shares to the seller. mr. prakash shah was examined by the assessing officer under section 131 of the act who, in clear terms, deposed that shares were still lying with him and he was unaware of any payment being made by the transferee. in these circumstances, ..... high court incit v. f.x. pariera & sons (travancore) (p) ltd. . on receipt of the reply of the assessee, the assessing officer issued summons under section 131 of the act to vil and the solicitor mr. prakash shah. mr. prakash shah appeared before the assessing officer and confirmed that all the 7,500 shares were lying with him in .....

Gulf Oil Corporation Ltd. Vs. Asstt. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2008)111ITD124(Hyd.)

..... dated 21.9.2005 for assessment year 2002-03.2. the first issue relates to the computation of book profits under section 115jb of the income-tax act, 1961(the act). the assessee company is engaged in the manufacture of detonators, industrial explosives and its accessories. it returned total loss of rs. 34,27,39,176 for the year under consideration. since the ..... of rs. 3,62,005 on account of delayed payment of provident fund; (c) disallowance of rs. 9,34,455 on account of sales-tax payment under section 43b of the act.8. after hearing the parties, so far as the first item is concerned, it is not disputed that the entire payment was made before the end of the ..... also does not help the revenue as it merely says that sometimes, appropriation account is included as a separate section of the profit & loss account. but, as we have seen earlier, parts-ii and iii of schedule-vi to the companies act do not speak of appropriation account at all. in the light of this discussion, we are convinced that .....

Jt. Director of Income Tax Vs. Booz Allen and Hamilton Inc.,

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)298ITR87(Mum.)

..... issue an appropriate notice directing the assessee to file a return but also in a case of this nature take recourse to the provisions of section 147 and 148 of the act. therefore, interest under section 234a would be payable only in a case where tax had not been deposited prior to the due date of filing of the return.10. ..... not leviable as the entire income was subjected to tax deductible at source. the liability for payment of advance tax arises under section 208 of the act and the advance tax payable has to be computed under section 209.section 209(1)(d) clearly stipulates that income tax shall be reduced by the amount of income tax, which would be deductible or ..... tax is deductible at source.5. the learned dr therefore, submitted that the learned cit(a) was not justified in deleting interest charged under section 234a of the act.with regard to the interest under section 234b, the learned dr relied on the decision of hon'ble calcutta high court in the case of cit v.borhat tea co. ltd. 193 .....

Acit, Cc-iv Vs. Sweety Traders

Court : Income Tax Appellate Tribunal ITAT Chandigarh

..... . as such, it seems that the id cit(a) has not gone into merits of the case, specially when section 158 bb of the act speaks about any document.5. however, keeping in view the principles of natural justice that no person should be condemned unheard ..... merits of the case. thus, the finding of the ld cit(a) is not correct. our attention was invited to section 158 bb of the act. reliance was placed on the decision of the hon'ble jurisdictional high court pronounced in 265 itr 642 and 74 itd ..... off.2. the brief facts in the present appeal are that search was conducted on 23.2.2002. notice under section 158bc of the act was issued on 22.10.2003 as per which the assessee was required to file the return.the assessee filed the ..... .11.2003 declaring undisclosed income at rs. nil. the return filed by the assessee in response to notice under section 158bc of the income-tax act was in time. thereafter the assessing officer issued a detailed questionnaire.during the course of block assessment proceedings, the .....

Asstt. Cit Vs. Ranjit Singh Ghuman

Court : Income Tax Appellate Tribunal ITAT Amritsar

..... ors. where the apex court has observed that all issues which involve prolonged discussions and arguments, where two conceivable views are possible fall outside the provisions of section 154 of the act. now, in this case also, the matter whether the addition made was covered against the income declared in the return filed for block assessment or not ..... of the assessee. the assessee was duly confronted with the same. the onus was entirely on the assessee to explain the nature of entries under section 132(4a) of the act. the assessee's explanation was found to be totally untenable. drawing our attention to p. 8 of the impugned order, the learned departmental representative ..... the same is admitted accordingly.5. the relevant material facts relating to this case are that the it authorities carried out search and seizure action under section 132(1) of the act at the residential and business premises of the assessee on 8-2-2000. during such acti6n, cash of rs. 3 lakhs was found and incriminating .....

The A.C.i.T. Vs. Aggarwal Construction Co.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

..... the total contract receipts at rs. 1,55,72,788 vide return of income filed on 27.3.2002. the assessing officer initialed penalty proceedings under section 271a of it act by stating that the assessee had not furnished the audit report along with the return of income. the assessing officer stated that the assessee is having ..... above circumstances, i see no justification for upholding levy of penalty in this case. the provisions which the revenue can rely upon is sub-section (2) of section 44aa of the act which enjoins upon the assessee to keep and maintain such books of account and other documents as may enable the assessing officer to compute his total ..... sheet and other documents as per the requirement of the provisions of law, clearly indicating the contravention of various provisions of the act like section 269ss, 269t, section 40(a)(3) and other provisions of the act.therefore, net accretion to the asset of the business could not be determined by the assessing officer on the basis of .....

R.M. Valliappan Vs. the Assistant Commissioner

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (2006)103ITD63(Chennai)

..... right vested in the stock exchange be disposed of by inviting offers with a minimum floor price of rs. 25,00,000/-. a provisional attachment order under section 281b of the act was issued by the income tax authorities in respect of the membership card in the name of rajesh shah. the supreme court held that under the rules of ..... the rights in the card vested with exchange authorities. therefore, when the member did not have any property in the card, such card could not foe attached under section 281b of the act. similar were the rules so far as mse was concerned. he referred to clause 38 of the articles of association of mse and also article 48(a) ..... court was reversed. the supreme court held that the membership right in question was not the property of the assessee and, therefore, it could not be attached under section 281b of the act. in arriving at this conclusion the supreme court referred to its judgement in the case of vinay bubna v. stock exchange 97 comp. cas 874, in which it .....

City Transport Corpn. Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... were lying in their branch office in ankleshwar. accordingly, the assessee was asked to produce books of account along with other details for which summons under section 131 of the act was also issued and served on the assessee. in response to the same, some of the books of account and ledgers were produced before the assessing officer ..... convenience.2. the only issue arising in these appeals, relates to tax deducted at source (tds) under section 194c read with section 201 (a) of the income tax act, 1961 (act) as well as charging of interest under section 201 (1 a) of the act.3. briefly stated the facts are these : the assessee is a firm engaged in transporting goods mainly ..... assessment year 1999-2000.consequently, tds liability was computed at rs. 3,348 for which demand was created under section 201(1) of the act. in addition, interest of rs. 2,276 was charged under section 201(l a) of the act. thus, the total liability was created at rs. 5,624. in the similar manner, the liability of rs .....