Judgment Search Results Home > Cases Phrase: income tax act 1961 section 161 liability of representative assessee Page 7 of about 19,000 results (0.345 seconds)

Commissioner of Income Tax Vs. Shabandari Family Trust

Court : Kerala

Reported in : (2000)162CTR(Ker)394

..... without deduction of tax at source as stipulated in section 194a of the income tax act, 1961. hence letters were issued to the assessee. the assessee's representative in his reply, it is stated that the assessee is a specific ..... was paid to 19 persons totalling to rs. 1,60,599 during the year relevant to the assessment year 1988-89 without deduction of tax at source as stipulated in section 194a of the income tax act, 1961. similarly, for the assessment year 1989-90 interest exceeding rs. 2,500 was paid to 21 persons aggregating to rs. 1,62,180 ..... commissioner (appeals). both the appeals were heard together. the deputy commissioner (appeals) held that the assessee is not governed by the provisions under section 194a of the income tax act and therefore, levy of interest under section 201(1a) for both years was cancelled.3. revenue filed appeals as ita nos. 666 and 667/coch/93 before the .....

Jitendra Trust Vs. Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT Pune

Reported in : (1990)33ITD270(Pune.)

..... of the above decision the submission of the learned departmental representative before us was based on the provisions of section 4 read with section 28(1) of income-tax act, 1961 are liable to be rejected and we reject the same. another submission made before us was that the beneficiaries should be regarded as an aop and for ..... with the consent of the parties as the point involved was identical. these appeals are directed against the order of the commissioner of income-tax in exercise of his powers under section 263(1) of the income-tax act, 1961.2. we shall narrate the facts in i. t. a. no. 525/pn/1987. the facts in that appeal are ..... in the hands of the trust was nil. he allocated the above income amongst three beneficiaries the three beneficiaries were assessed in respect of his share in the said income.4. subsequently the commissioner of income-tax, kolhapur, commenced proceedings under section 263 of the income-tax act, 1961. a notice was issued to the assessee-trust to show cause why .....

Slocum Investment P. Ltd. (Now Vs. the Deputy Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

..... to question the loan amount which was the subject matter of a regular assessment, while making block assessment, the court held as follows: the explanation to section 158ba of the income-tax act, 1961 makes it clear that the legislature thought it fit to make a distinction between the block assessment and the regular assessment. in the case of regular assessment, the assessing officer ..... country. it has an independent board having 3 non-resident directions in addition to mr. shiv nadar as director. further, as per clause (ii) of section 6(3) of the income tax act, 1961, m/s vsipl (m) is not a company resident in india as the control and management of its affairs is situated wholly outside india and all decisions are taken by .....

Slocum Investment (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)101TTJ(Delhi)558

..... re (1941) 9 itr 95 (bom) wherein it was held that tax is not imposed on income generally. it is imposed on the income of a person, natural or artificial, as defined in section 3. the tribunal thereafter, referred to the various provisions in the it act, 1961, for initiating proceedings for assessment of income in the case of death of different assessees. in the case of ..... seized during the search and therefore clearly falls within the meaning of 'undisclosed income' defined in chapter xiv of the it act, 1961.82. the learned counsel submitted even as per the ao the transfer of shares by the assessee to the non-resident was with the view to avoid capital gain tax that may arise in future. if this was the conclusion of the .....

Shabina Abraham and Ors. Vs. Collector of Central Excise and Customs

Court : Supreme Court of India

..... after they die. the anomalies left by section 24b of the 1922 act, as pointed out in the two supreme court judgments referred to above, were sought to ..... the present case and cited various judgments before us in support of the said principle. he also submitted that the position under the income tax act would be entirely different as income tax is a tax leviable on a person whereas a duty of excise is leviable on manufacture of goods. he also cited a number of decisions which ..... estate was not liable to be assessed to tax particular regard being had to the opening words of section 24b which state where a person dies which are words in the present tense.14. pursuant to the 12th law commission report, a new income tax act was passed in 1961 which contained elaborate provisions for assessment of deceased persons .....

Jogender Singh Vs. Income Tax Officer

Court : Allahabad

Reported in : (1999)155CTR(All)218

..... surety to the firm and its partners for a liability to the extent of rs. 1,00,559. the fact of the applying and obtaining of income-tax clearance certificate under s. 230a of the act, by the partners of the said firm, according to the respondents are not relevant, and therefore, the recovery proceedings for the realisation of the ..... by sri bhupendra singh, son of the petitioner it has been reiterated that the petitioner stood surety only for the liability of income-tax, wealth-tax and gift-tax and not for any penalty under s. 271(1)(c) of the act, and therefore, the petitioner is not liable to pay the amount of penalty imposed under s. 271(1)(c) against ..... feb., 1985. it appears that the ito, circle-1(6), kanpur, respondent no.1 initiated penalty proceedings against the firm under s. 271(1)(c) of the it act, 1961, (hereinafter referred to as the 'act'), and imposed penalty on the said firm. the partners of the said firm applied and obtained clearance certificate under s. 230a of the .....

G.K. Ravi Vs. Commissioner of Income-tax

Court : Chennai

Reported in : [1999]235ITR208(Mad)

..... s. 160 of the it act, 1961, the guardian of the minor is treated as a representative-assessee and every representative-assessee is deemed to be an assessee for the purpose of the act. the liability of the representative assessee is found in s. 161 of the act and under s. 161 of the act, every representative-assessee, as regards the income in respect of which ..... filing such a return, then the liability for such default or delay is also liable to be imposed on him. 9. this court, in cit vs. r. srinivasan held though the tax was payable for the income of the minor, since the minor cannot file the return, his father and guardian has to file the return on behalf of the minor for ..... the minor's income. when the guardian has not taken any steps to file the return in time, the guardian would be responsible and it .....

Commissioner of Income Tax, Madras (Central) Vs. Express Newspapers (P ...

Court : Chennai

Reported in : [1978]111ITR347(Mad)

..... rs. 52,747 levied under section 271(1)(a) of the income-tax act, 1961, for the assessment year 1961-62 ?'shri janakidas baijnath of nepal, hereinafter referred to as the assessee was a non-resident. on february 11, 1963, the income-tax officer issued a notice under section 163 of the income-tax act to the principal officer of the express newspapers (private) ltd., ..... rao j. - the revenue sought for a reference and, consequently, the following question of law has been referred under section 256(1) of the income-tax act, 1961, for our decision :'whether, on the facts and in the circumstances of the case, the appellate tribunal was right in law in cancelling the penalty ..... in common parlance, the agent. on february 27, 1963, the income-tax officer served on the agent a notice under section 139(2) read with section 148 of the act calling upon the agent to file returns of the income of the assessee for the assessment year 1961-62. the representative-assessee filed such a return on january 28, .....

Commissioner of Income Tax, Gujarat, Ahmedabad Vs. Kamalini Khatau (Sm ...

Court : Supreme Court of India

Reported in : AIR1994SC2759; (1994)119CTR(SC)169; [1994]209ITR101(SC); JT1994(4)SC16; 1994(2)SCALE976; (1994)4SCC308; [1994]3SCR942

..... the trusts was, therefore, taxable only in the hands of the trustees thereof, having regard to the provisions of section 164 of the income-tax act, 1961 (hereinafter referred to as 'the act'). the ito rejected the assessee's contention and assessed the said amount of rs. 18,000/- in her hands. in doing so he relied upon the provisions of section 166 ..... 160 to 166 shall prevent the direct assessment of the person on whose behalf or for whose benefit income therein referred to is receivable or the recovery from such, person of the tax payable in respect thereof.7. some analogous provisions of the indian income tax act, 1922, may also be noted. section 40 stated that where the guardian or trustee of any person being .....

Premier Automobiles Ltd. Vs. Income-tax Officer, Circle I(3), Bombay a ...

Court : Mumbai

Reported in : [1966]59ITR656(Bom)

..... the present petition are that on 17th september, 1962, the 1st respondent served a notice on the petitioner under section 163 of the income-tax act, 1961 (hereinafter referred to as the act), requiring the petitioner to show cause why the petitioner should not be treated as the agent of messrs. chrysler corporation for the assessment ..... a somewhat similar point was raised, but not decided in tata engineering & locomotive co. ltd. v. income-tax officer, companies circle i(1), bombay. that case was decided under the corresponding provision of the indian income-tax act of 1922. the petitioner in that case was appointed an agent of certain foreign firms for a particular ..... assessment year but was called upon to pay advance income-tax for the next assessment year. a division bench of this court allowed .....