Judgment Search Results Home > Cases Phrase: hotel receipts tax act 1980 section 14 advance payment of hotel receipts tax Court: income tax appellate tribunal itat amritsar Page 1 of about 1 results (0.076 seconds)

The Income-tax Officer Vs. Sheetal Khurana Food (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Amritsar

..... issued a questionnaire to the assessee, asking it to explain as to why it should not be brought under sections 22 to 25 of the income tax act, and as to why the income received from cfcfil be considered as income from house property, since the very nature of the receipt was rental income and the case appeared to be covered against the assessee in view of the decision of the ..... that case, from the agreement, it had appeared that the intention of the parties was clear, whereby the landlord had allowed the occupant to enjoy the table space on payment the comprehensive monthly rent, whereas in the assessee's case, the assessee had not provided any table space with comprehensive monthly rent; that in "shambhu investments" (supra), ..... period only; that the actions of the assessee certainly part took of those of a business man exploiting his property/asset, as explained and to reduce the losses due to non completion of the hotel/restaurant project; that it is the motive, intention and actual activity of the assessee in dealing with the property, which is relevant; that the action of the assessee in applying for a ..... the furniture and fixtures and other common facilities, for which, rent was being paid month by month, in addition to the security advance covering the entire cost of the immoveable property, whereas in the assessee's case, no security advance covering the entire cost of immovable property was recovered from the occupants; that in the assessee's case, no relationship of landlord and .....

Vir Khanna Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (1995)52ITD652(Asr.)

..... there was a survey under section 133a(5) of the income-tax act, 1961 on 7-8-1984 at taj hotel, new delhi where the assessee performed the marriage of his daughter and certain documents relating to marriage expenses of the assessee's daughter were discovered by the survey party. ..... year under consideration was pending and as such the assessee has filed revised return adding the income surrendered and paying tax and wrote to the ao alongwith evidence in the form of challan for payment of tax.it was pleaded that it was only on account of investigation in the case of taj mahal hotel that the department came to the conclusion that the assessee might have concealed income and as such the case of the assessee was also covered ..... challan which was discovered by the survey party of income-tax department on hotel taj mahal, new delhi but the assessee denied the payment of knowledge of this bill and requested for supply of copy of these documents, which according to the assessee, were not supplied to him but he obtained these subsequently from the court where criminal proceedings for prosecution for attempted evasion of tax under section 276 as well as for concealment of income were launched by the ..... 18,388 and photostat copies of the receipts of payments made to the hotel by two drafts of rs. ..... in the books of account of the hotel the payments are claimed to have been made by sh. r. .....

Smt. Badhurani Deepinder Kaur and Vs. Wealth Tax Officer

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2000)74ITD187(Asr.)

..... 2(m) is reproduced as below : "(m) "net wealth" means the amount by which the aggregate value computed in accordance with the provisions of this act of all the assets, wherever located, belonging to the assessee on the valuation date, including assets required to be included in his net wealth as on that date under this act, is in excess of the aggregate value of all the debts owned by the assessee (on the valuation date which have been incurred in relation to said assets;)" ..... grounds are also decided in favour of the assessee and the orders of the lower authorities in levying tax in respect of this hotel site at chandigarh in the hands of the assessee are also set aside.46. ..... , since, we have held that this reviera apartments flat did not belong to the assessee, so the liability of the assessee also did not arise to pay any wealth-tax in respect of this flat and accordingly, the lower authorities are not justified in levying any wealth-tax in respect of this flat in reviera apartments in the hands of the assessee for the relevant assessment year.30. ..... 25th november, 1968, acknowledging the receipt of cheque and also confirmed having delivered the possession of the same to the ..... 1 lakh which has been referred to as advance by the assessee, to reviera apartments (p) ltd ..... (1986) 162 itr 888 (sc) is concerned, that was in the context of wealth-tax where the language of the section was different." 27. ..... 25th november, 1968, for the payment made, and a letter dt ..... 1969-70 to 1980-81 (asst. .....