Judgment Search Results Home > Cases Phrase: finance act 1978 section 2 income tax Court: income tax appellate tribunal itat chandigarh Page 5 of about 508 results (2.142 seconds)

ito Vs. Trilok Tirath Vidyavati Chuttani

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2004)91TTJ(Chd.)1044

..... towards meeting the cost of foreign travel to the doctors.(vi) it was pointed out that sub-section (4a) of section 11 was amended by the finance (no. 2) act of 1992 with effect from 1-4-1994, where it has been laid down that provisions of sub-sections (1), (2), (3) or (4) shall not apply in relation to any income ..... the commissioner (appeals) in order to prove that the assessee-trust was set up for charitable purposes and as such entitled to exemption under section 11, relied on an outdated cbdt instruction no. 1132, dated 5-1-1978. the learned commissioner (appeals) failed to take notice of the subsequent instruction no. 1582, dated 19-10-1984 (copy placed at p ..... of the trust when the facts state otherwise.6. the learned commissioner (appeals) has erred in allowing relief by referring to instruction no. 1132, dated 5-1-1978. the recipient-trust was not in fact carrying out any educational activity during the year in question and the donation received on 12-7-1995 by sardarni uttam kaur .....

Deputy Cit, Central Circle-v, Vs. Nahar Spinning Mills Ltd.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2006)8SOT6(Chd.)

..... and there is no provision for considering the refund of tax at the time of processing the return under section 143(1) as not having been paid towards advance-tax. section 234d, which has been incorporated by the finance act, 2003 with effect from 1-6-2003, is on a different field, i.e., interest on excess refund. in our considered view, the controversy ..... as to whether section 234d is retrospective or prospective is unnecessary insofar as it has no bearing on the calculation of .....

Deputy Commissioner of Vs. Metalman Auto (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2001)78ITD327(Chd.)

..... . it was the contention of the ld counsel for the assessee that there being specific section in the act, expenditure incurred should be allowed under section 35ab. for this purpose, it would be relevant to refer to the memorandum explaining the purpose of provisions of section 35ab inserted by the finance bill, 1985 as published in 152 itr 155 (statutes) which is as under :-- "44 ..... . deduction in respect of expenditure on know-how. it is proposed to insert a new section 35 ab in the income-tax act to provide that any lump sum consideration paid by a .....

Highway Cycle Industries Ltd. Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2002)74TTJ(Chd.)171

..... -4-1987.the relevant portion of sub-sections (1), (2) and (3) of section 32ab reads as under : "32ab(1) subject to the other provisions of this, section, where an assessee, whose total income includes income chargeable to tax under the ..... clear finding on application of sub-section (3) of section 32ab of the income tax act. he also relied on the decisions of the tribunal in favour of the revenue as noted earlier.we have given careful thought to the rival submissions of the parties.we deem it appropriate to reproduce a portion of section 32ab, introduced through the finance act, 1986, with effect from 1 .....

Highway Cycles Industries Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2002)255ITR105(Chd.)

..... 1, 1987. the relevant portion of sub-sections (1), (2) and (3) of section 32ab reads as under : "32ab. (1) subject to the other provisions of this section, where an asses-see, whose total income includes income chargeable to tax under ..... finding on application of sub-section (3) of section 32ab of the income-tax act. he also relied on the decisions of the tribunal in favour of the revenue as noted earlier.17. we have given careful thought to the rival submissions of the parties. we deem it appropriate to reproduce a portion of section 32ab introduced through the finance act, 1986, with effect from april .....

Highway Cycle Industries Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chandigarh

..... , 1987. the relevant portion of sub-sections (1), (2) and (3) of section 32ab reads as under: "32ab(1) subject to the other provisions of this section, where an assessee, whose total income includes income chargeable to tax under the ..... clear finding on application of sub-section (3) of section 32ab of the it act. he also relied on the decisions of the tribunal in favour of the revenue as noted earlier.12. we have given careful thought to the rival submissions of the parties. we deem it appropriate to reproduce a portion of section 32ab introduced through the finance act, 1986, w.e.f. 1st april .....

income-tax Officer Vs. Haryana Harijan Kalyan Nigam Ltd.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (1983)5ITD282(Chd.)

..... ).5. after taking into consideration the rival submissions and looking to the facts on record, we are unable to interfere in the finding of the commissioner (appeals), section 10(2(16), which was inserted by the finance act, 1980 with retrospective effect from 1-4-1972, which reads as under : (26b) any income of a corporation established by a central, state or provincial ..... any exemption under clause (26b) of said section 2. in order to appreciate the issue, a brief resume of facts in the background shall be of immense help for adjudication of the issue under consideration. the assessment year involved is 1978-79. the assessee is the haryana harijan kalyan nigam ltd., registered under the companies act, 1956. it came into existence as a .....

Prakash Chand Vij Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2005)95TTJ(Chd.)409

..... period. it seems that learned cit(a) had not considered the provisions of the act in right perspective. in our opinion, cumulative effect of the language of section 158bb, explanation thereto, and the definition of undisclosed income as per section 158b inserted with retrospective effect by the finance act, 2002, (is that) the total undisclosed income has to be computed in ..... 50 gms. and my parents 161.20 gms. (iii) jewellery of approximately 50 gms. approximately value of rs. 2,500 gifted to my wife in 1976 and 1978 at the time of marriage of brother of my wife. you will appreciate this jewellery is old and actual value of this jewellery based on the acquisition date is ..... was taken : "(i) jewellery of 235.75 gms., approximately value of rs. 2,500 inherited before the block period at the time of demise of mother in 1978. this jewellery is the common property of myself. my three brothers and married sister have been living in my custody as the eldest member of the family eversince her .....

Jt. Cit Vs. Groz Backert Asia Ltd.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2003)86ITD291(Chd.)

..... purpose of the legislature. in fact, there is ample evidence in the statute itself to show that the quantum of deduction provided by sub-section (3) for several years was not considered sufficient and through amendment made by finance act, 1992, it has been thought proper by legislature to increase the amount of deduction by 90 per cent of sums referred to in ..... end of the relevant assessment year is illegal, invalid and the consequential reassessment order under section 143(3) of the income tax act, 1961 is a void order and is nullity as held by the gujarat high court in the case of p. v.doshi v. cit (1978) 113 itr 22 (guj) and also by the calcutta high court in the case of .....

Shri Pardeep Kumar Dhir Vs. A.C.i.T.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

..... different insofar as it provided for giving credit to the assessee in repect of tds in the assessment for me immediately following assessment year. by the finance act, 1987, the language of section 199 was modified to the extent that the credit for the tax deducted at source was provided to be given in the assessment year in which ..... to the income shown by the assessee in the relevant year on cash basis. the assessing officer, in respect of his action, invoked the provisions of section 199(1) of it act. the provisions of section 199 read as under. 199, [(1)] any deduction made in accordance with [the foregoing provision of this chapter] and paid to the central government ..... in her rival submissions ld. d.r. for the revenue strongiv supported the orders of authorities below and further submitted that as per the provisions of section 199 of it act the credit for tds shall be given to assessee for the amount which a assessable and since the income was shown by the assessee on receipt basis the .....