Judgment Search Results Home > Cases Phrase: income tax act 1961 chapter viii rebates and reliefs Court: income tax appellate tribunal itat jodhpur Page 1 of about 4 results (0.041 seconds)

Secure Meters Ltd. Vs. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Jodhpur

..... us above, the conclusion we may draw is that the relief of special deduction under head "c" of chapter vi-a of it act, 1961, is to be allowed not on net income/profit and not on gross profit/income, or in other words, the carried forward business losses, unabsorbed depreciation and investment allowances have to be considered/adjusted first, and ..... position that the effect of s. 80ab is that deduction to be made in respect of income specified under the head "c" in this chapter (vi-a) is to be allowed on net income and not on gross income. in the array of provisions in it act, 1961, s. 80hhc falls under head "c" within chapter vi-a and so the judgment ..... clause. he has cited mettur chemical & industrial corporation vs. cit (1996) 217 itr 768 (sc) and contended that the hon'ble supreme court has laid down in the said citation that development rebate has to be deducted from total income before computing relief under s. 84 of it act, 1961. he also referred to the decision of hon'ble rajasthan high .....

Shri Rajasthan Syntex Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Jodhpur

..... income. there is further no time-limit to the carry forward and set off of unabsorbed depreciation. the supreme court in the case of cit v. mother india refrigeration industries (p) ltd. (1985) 155 ftr 711 (sc) held that the avowed purpose of the legal fiction created by the deeming provision contained in section 32(2) of the it act, 1961 ..... , is to make the unabsorbed carried forward depreciation partake of the same character as the current depreciation in the following year so that it is available, unlike unabsorbed carried forward business loss, for being set off against other heads of income of that year. such being the purpose ..... ) of section 43b of the act. he accordingly added a sum of rs. 1,86,183 as income of assessee-company. in this connection it is submitted that the decisions referred by the ao relate to sales-tax. the hon'ble supreme court in the above referred two decisions held that sales-tax collected would form part of trading .....

Arihant Tiles and Marbles (P) Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Jodhpur

Reported in : (2006)104TTJ(Jodh.)149

..... the assessee-company also exported goods and earned foreign exchange and claimed deduction under section 80hhc of the it act, 1961 (hereinafter referred to as 'the act'). apart from trading of marble, the assessee-company also derived income from job charges, receipts of sawing marbles of others. the assessee-company keeps computerized account books consisting of ..... of original pineapple fruit for the purpose of manufacture and the case does not fall within section 5a(1)(a) of the kerala general sales-tax act, 1963. although a degree of processing is involved in preparing pineapple slices from the original fruit, the commodity continues to possess its original identity notwithstanding ..... pineapple fruit converted into pineapple slices for sale in sealed cans would amount to manufacture under section 5a(1)(a) of the kerala general sales-tax act. the primary test is the continuation of the identity of the commodity involved in the manufacture or otherwise.shri laxmi kumaran, pointed out that .....

income Tax Officer Vs. Bothra International and ors.

Court : Income Tax Appellate Tribunal ITAT Jodhpur

..... above discussion, we are of the view that while cash compensatory support (cash assistance) received by the assessee would not constitute income 'derived from' an industrial undertaking and, therefore, the same is eligible for relief under section 80j of the it act, 1961 in the case of duty drawback, the same is 'derived from' the industrial undertaking and, therefore, eligible for relief under section ..... raw material can be used for manufacture of handicraft articles by the assessee, instead of supporting the contention of the learned departmental representative, supports the view taken by the learned cit(a) because the prohibition of use of imported raw material for manufacture/production of handicraft articles will require incurring of higher cost of production/manufacture, as they cannot avail the .....