Judgment Search Results Home > Cases Phrase: income tax act 1961 section 155 other amendments Page 33 of about 165,368 results (0.623 seconds)

Firm Jathmall Sadasukh Vs. Commissioner of Income-tax

Court : Allahabad

Reported in : AIR1957All110; [1957]32ITR713(All)

..... circumstances, upon which the revision board placed reliance do not justify the inference that the family had no intention to separate.'that was a case under the u. p. agricultural income-tax act and the question was whether the separation relied upon by the assessee was fictitious and collusive. the fictitious nature of the separation had been inferred by the revision board and ..... assessee firm with the main purpose of avoiding or reducing excess profits tax liability of the assessee firm.the assessee appealed unsuccessfully before the income-tax appellate 'tribunal. an application was made before the tribunal for referring the case to this court under section 21, excess profits tax act read with section 66(1), income-tax act, in respect of two questions of law. the first question of .....

Modi Industries Limited, Modinagar and ors. Vs. Commissioner of Income ...

Court : Supreme Court of India

Reported in : (1995)128CTR(SC)361; [1995]216ITR759(SC); JT1995(6)SC549; 1995(5)SCALE362; (1995)6SCC396; [1995]Supp3SCR642

..... section 144.the procedure for making an assessment under section 143 of 144 has been laid down in chapter xiv of the income tax act, 1961 (sections 139 to 158). section 139 deals with return of income. section 140 lays down by whom and how a return has to be signed and verified. section 141 provides for ..... 156 and recover the amount in accordance with the procedure laid down in chapter xvii_d of the income tax act, 1961.(b) the next questions (sic) nay interest payable under section 214, if the amount of tax determined as payable by the income tax officer is reduced in appeal? here again, the answer will depend upon the scheme of ..... the expression 'regular assessment' was not defined in the 1922 act.4. clause (40) of section 2 of the income tax act, 1961 defines the expression 'regular assessment' to mean the assessment made under section 143 or section 144. the 1961 act contains a whole lot of sections dealing with advance tax, commencing from section 207 to section 219, under the sub .....

Ramkrishna Ashanna Bukekar Vs. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Nagpur

Reported in : 195630ITR833(Nag.)

..... . according to the department the relief which is claimed by the assessee is barred by time in view of sub-section (5) of section 25 of the indian income-tax act. in any case, the present relief was climbable only during the appropriate assessment year and that not having been done the assessment had become final under sub-section (6 ..... the assessee paid tax under the indian income-tax act, 1981.the assessment year with which we are concerned is 1946-47, and the relevant account period is the ..... this court under sub-section (2) of section 66 of the indian income-tax act, is "whether the assessee is entitled to claim that the tax paid in respect of s. y. 2001 be refunded to it under section 25 (4) and/or section 48 of the indian income-tax act." the assessee is an undivided hindu family carrying on business in kirana. .....

Treasure Island Resorts Pvt. Ltd. Vs. Dy. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2004)90ITD814(Hyd.)

..... very reasonable for any government department. i am therefore convinced that the assessment order in this case was passed within the statutory limitation period allowed under the income-tax act, 1961. coming to the merits of the addition, i find that the addition in respect of depreciation claim and expenses have been made by the assessing officer on ..... placed by the assessing officer on the decision or the apex court in tuticorin alkali chemicals & fertilisers ltd. (217 itr 173) is misplaced. provisions of the income-tax act take precedence over accounting standard, as held in that case, only in a case of conflict between them. this does not appear to be a case where ..... 8.04.1999 dated 22.02.1999. the assessment files were transferred and the department has not bothered to inform the assessee. under section 127 of the income tax act, the assessee need not be informed as far as the files are transferred from one assessing authority to the other within the same city. however, natural justice .....

Addl. Cit (Asstt.), Special Vs. Hindalco Industries Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)4SOT757(Mum.)

..... - refund with interest order of commissioner set aside by tribunal - original demand notice does not survive-interest cannot be charged from date of original demand notice-income tax act, 1961, section 220(2).interest is payable if a sum is due. where the assessee is in default in making payment of the assessed amount demanded from him ..... he is liable to pay interest. though interest is payable by an assessee in terms of section 220 of the income tax act, 1961, by way of compensation, the same would not mean that, though there does not exist any demand, interest would become payable.the assessee paid the entire ..... amount of tax pursuant to the notice of demand under section 156 of the income tax act, 1961, forthe assessment year 1984-85. the assessee filed an appeal which was allowed.consequently, the department made refund with interest. against .....

income-tax Officer Vs. Govindbhai Mamaiya

Court : Income Tax Appellate Tribunal ITAT Rajkot

Reported in : (2006)100ITD265(Rajkot.)

..... land acquisition act, 1894. the land acquisition proceedings begin with issue by land acquisition officer (normally collector) a public notification under section 4 of ..... their individual capacities in respect of 1/3rd interest income received by each of them.22. now let us examine the taxable event for enhanced compensation and interest thereon, paid by government in respect of compulsory acquisition of land by government as per provisions of income-tax act, 1961 vis-a-vis as per procedure of the ..... tree. the government was of the view that amount of rs. 120 per tree was higher.27. with regard to taxing interest income, we are of the view that income is liable to be taxed under the income-tax act on the basis of its accruing or arising to the assessee, or on the basis of its receipt by the .....

Deputy Commissioner of Income Tax Vs. Tosha International Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2008)116TTJ(Delhi)941

..... cit(a), the revenue is in further appeal before us. we have considered the rival contentions carefully gone through the orders ..... allowed. thus, the ao added rs. 10.47 crores in the income of the assessee.3. by the impugned order, cit(a) deleted the addition by observing that remission of principal amount of loan does not amount to income under section 41(1) nor under section 28(iv) nor under section 2(24) of the it act, 1961.4. aggrieved by the above order of the .....

Commissioner of Income Tax Vs. State Trading Corporation

Court : Delhi

Reported in : [2000]112TAXMAN117(Delhi)

..... 547 being the amount guaranteed by the bank was not liable to tax under the income tax act, 1961 ?'2. factual position as indicated in the statement of the case is as follows:for the assessment year 1972-73 corresponding to previous year ending on 31-3 ..... sum of rs. 75,000 being forfeited security deposits was not liable to tax under the income tax act, 1961 ?2. whether, on the facts and in the circumstances of the case, the tribunal was correct in law in holding that the sum of rs. 1,79, ..... pasayat, c.j.at the instance of the revenue, following questions have been referred by the tribunal, delhi bench 'a', under section 256(1) of the income tax act, 1961 (hereinafter referred to as 'the act') for opinion of this court :'1. whether, on the facts and in the circumstances of the case, the tribunal was correct in law in holding that the .....

P.C. Roy and Co. (India) Private Ltd. Vs. A.C. Mukherjee and Another.

Court : Kolkata

Reported in : [1958]33ITR817(Cal)

..... that the hire which is payable to the owner, is payable in london, and, therefore, is not liable to indian income-tax act. in fact, as he points out, the income-tax authorities have not sought to impose any tax on the hire as such. he then proceeds to argue that the amounts that have been advanced in terms of clause 14 ..... contemplated by the charterparty agreement that it should be so made. thus, there is no injustice in enforcing the provision of section 18(3b) of the indian income-tax act. of course, this might give rise to certain practical difficulties. it was pointed out by mr. mitter that if advances are made to masters of ships, then ..... necessary for me to indicate how this will ultimately be adjusted between the petitioner and the owner.in my opinion, therefore, the income-tax authorities have rightly taken steps under section 18(3b) of the indian income-tax act, and the petitioner has not been able to satisfy me that any interference is called for. that being so, this application .....

Amaravathy Somasundaram Vs. the Chief Commissioner of Income Tax

Court : Kerala

..... challenge in the writ petition is against ext.p22 order of the chief commissioner of income tax, kochi, in an appeal filed under rule 86 of the iind schedule to the income tax act, 1961. the brief facts leading to ext.p22 order are as follows:2. in respect of arrears of income tax on account of the individual assessment completed on the petitioner, as also in respect ..... necessary sale certificates as well. the petitioner, thereafter, filed an application dated 15.04.2005 before the tax recovery officer for setting aside the sale in terms of rule 56 of the iind schedule to the income tax act, 1961. there was apparently no order passed by the tax recovery officer on the said application. this prompted the petitioner to prefer an appeal to the chief .....