Judgment Search Results Home > Cases Phrase: income tax act 1961 section 155 other amendments Court: delhi Page 16 of about 19,270 results (0.194 seconds)

Commissioner of Income-tax, Delhi-iv, New Delhi Vs. M/S. Sarof Industr ...

Court : Delhi

Reported in : (1976)5CTR(Del)182

..... 271(1)(c) are not attracted in the case of the assessed and thus holding that no penalty is livable under section 271(1)(c) of the income-tax act, 1961?'2. the assessed is m/s. sarof industries. for the assessment year 1966-67, the assessed filed its return originally on 31st december, 1966, declaring an ..... ordert. v. r. tatachari, c.j. - this is an application by the commissioner of income-tax, delhi-iv, new delhi, under section 256(1) of the income-tax act, 1961, praying that the income-tax appellate tribunal, delhi bench b, be required to state the case and refer the following question stated to arise out of the order of the said tribunal ..... that view, the tribunal held that no penalty was livable under section 271(1)(c) of the act.5. the commissioner thereupon filed an application before the tribunal under section 256(1) of the income-tax act praying that the question mentioned above may be referred to this court. by its order, dated 8th july, 1975, the tribunal rejected the application .....

The Commissioner of Income Tax Vs. HighgaIn Finvest Pvt. Ltd.

Court : Delhi

Reported in : (2008)214CTR(Del)441; [2008]304ITR325(Delhi)

..... was a bogus transaction.6. based on the above information, the assessing officer recorded the following reasons for issuing a notice under section 148 of the income tax act, 1961:it has been informed by the additional director of income tax (investigation), unit vii, new delhi vie letter no. 138 dated 08.04.2003 that this company was involved in the giving and taking bogus entries ..... learned counsel for the parties, we admit this appeal under section 260a of the income tax act, 1961 (the act) and frame the following substantial question of law for consideration:whether the income tax appellate tribunal was justified in law in holding that the initiation of proceedings under section 147/148 of the income tax act, 1961 was bad in law?3. filing of paper books is dispensed with.4. the .....

Dlf Ltd and Another Vs. Additional Commissioner of Income Tax and anr.

Court : Delhi

..... is a real estate developer engaged in creation, execution and sale of residential and commercial projects. it also earns income from special economic zone (sez) on which it had claimed deduction under section 80-iab of the income tax act, 1961 (act, for short).2. for the previous year relevant to the assessment year 2010-11, the petitioner filed its ..... return of income on 15 th october, 2010 declaring income of rs.474,34,24,620/- (as per the impugned order dated 25th ..... maintenance of books of accounts leads to complexity both in terms of examination and determination of revenue realization. without prejudice it is further stated that the income tax act does not prevent the assessing officer from examining the form no locc13. 24. we do not find any merit in the contention raised by the petitioner .....

Sunil Kumar vs.m/s Stock Guru India Ltd & Anr

Court : Delhi

..... yogesh khanna yogesh khanna, j.ex.appl.(os) 290/2014 1. this application is moved by the deputy commissioner of income tax, central circle-3, new delhi under section 226(4) of the income tax act, 1961 for recovery of income tax with interest, recoverable from the judgment debtor for the a.y. 2010-2011 & 2011-2012 pursuant to assessment orders and ..... trust for the decree holder, even if the fraud had subsequently been committed. though here the learned counsel for the revenue referred to section 292(c) of the income tax act, 1961 to take benefit of presumption attached to the amount seized viz:-"292c (1) where by books of account, other documents, money, bullion, jewellery or other valuable ..... brings a suit on grounds of fraud. this exactly has been the case of the decree holder.20. i may now refer to section 226 of the income tax act, 1961 which relate to other modes of recovery. under section 226 rule 4 the assessing officer may apply to the court in whose custody there is money belonging .....

Pay and Accounts Officer (Ew) Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)28ITD403(Delhi)

..... case and in accordance with the provisions of law there was no justification in creating a liability of rs. 4,944 against the assessee under section 201(1) of the income-tax act, 1961. this grievance of the assessee arises out of the following factual background.2. the assessee before us is delhi development authority through the pay and accounts officer, engineering wing. the ..... under law. the assessee had thereafter to file a return under section 206 of the income-tax act, 1961 showing salaries paid to the employees and the tax deducted thereon. on examination of such a return filed by the assessee the income-tax officer concerned found that the assessee had not deducted full tax due from two of the employees as under :-si. no. name of the employee .....

Emkay Glass Works Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1991)36ITD141(Delhi)

..... that previous year from the language of section 41 it is evident that amount of remission is assessable in the year of receipt. section 41 of the income-tax act, 1961 uses the words "obtained whether in cash or in any other manner whatsoever any amount in respect of such loss or expenditure". in the case of rashmi ..... before the assessing officer that the amount had not been claimed and allowed as a deduction in computing the income in any year and accordingly the amount of refund could not be assessed to tax under section 41of the income-tax act, 1961.3. the assessing officer repelled the contentions of the assessee by holding that the amount on account of ..... of refund is not disputed. the assessee has disputed its assessability under section 41(1) of the income-tax act, 1961. before the assessing officer various contentions had been raised for the claim that the amount of refund is not assessable to tax at all. in the alternative assessee's claim has been that since a notice had been issued .....

Bharatiya Janata Party Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2002)80ITD89(Delhi)

..... profits and gains of business and profession under the representation of people act, 1951; the it act, 1961; and lastly, the model code of conduct as evolved by the election commission of india. according to the assessee all that the it act required was that a political party must file a return of income and pay tax on such income, which was not covered under section 13a of the ..... and in the circumstances of the case the maturity value of canstar is exigible to tax under the head "capital gains" or "income from other sources"? 1. a third member reference has been made to us by the hon'ble president under section 255(4) of the it act, 1961, on the following points on which there was a difference between the learned members constituting .....

Assistant Commissioner of Income Vs. Naresh Kumar Aggarwal

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2004)90ITD616(Delhi)

..... )(c) of the it act. another judgment on which we may refer to and relied upon by the learned departmental representative is ..... completed the assessment to initiate the penalty under section 271(1)(c) of the it act. the matter travelled to the high court and the punjab & haryana high court observed that the revised return filed after the inspector of income-tax discovered the concealed income would not save the assessee from the agony of provisions of section 271(1 ..... that the assessee has withdrawn his claim made under section 54f of the it act and has shown the amount of capital gain as income from other sources. the learned authorized representative also submitted that full tax has been paid by the assessee on the income from other sources. on 4th march, 1997, the assessee filed a .....

Dang and Co. (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)94ITD29(Delhi)

..... can be assessed as undisclosed income for the purpose of chapter xiv-b while completing assessment under section 158bc/254 of the act, or not ?" 1. there being a difference of opinion between the two members, the hon'ble president was pleased to appoint me as a third member under section 255(4) of the it act, 1961 (the act). the point of difference ..... court.17. the appellant has also placed strong reliance on the judgment of the jurisdictional high court in the case of cit v. ravi kant jain (supra). this was a case when the assessee has returned income under the head capital gains in regular assessment, but the ao without any basis or evidence found as a result of search ..... filed during the course of block assessment proceedings." 3. the ao being not satisfied about the genuineness and also by relying on the hon'ble calcutta high court decision in cit v. precision finance (p) ltd. (1994) 208 itr 465 (cal) treated the credits of rs. 55,00,000 as unexplained and by holding the same as bogus .....

Sikkim Janseva Pratisthan (P.) Vs. Dy. Cit, Spl. Range-26

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)5SOT487(Delhi)

..... other competent authority. learned counsel for the assessee submitted that law relating to registration of companies under the sikkim act, 1961 has neither been repealed nor invalidated by the legislature. he further submitted that operation of the income tax act, 1961 was extended to the state of sikkim by notification issued under article 371f with effect from assessment year 1990-91 ..... time in 1975 and, therefore, become a part and parcel of the indian territory. the learned cit (appeals) and the assessing officer failed to appreciate that by notification no : so 148(e), dated 23-2-1989 the income tax act, 1961 was extended to the state of sikkim with effect from 1-4-1989, i.e., assessment year ..... 1989-90 and subsequently by section 26 of the finance act, 1989 the date was postponed to 1-4-1990, i.e., assessment year .....