Court : Allahabad
Reported in : (1982)29CTR(All)295; [1982]138ITR689(All); [1982]10TAXMAN209(All)
..... in view of the fact that the company is precluded in terms of section 242 of the income-tax act, 1961, from seeking a review of the computation of the total income which has become final by making an application under section 237 of the income-tax act, 1961.'5. the petitioner-company filed an appeal against that order before the aac. the aac dismissed ..... the assessee's claim for refund was hit by section 242 and, therefore, the same was properly rejected '7. this question forms the subject-matter of consideration in income-tax reference no. 580 of 1974. 8. to resume the narrative of the case the commissioner by his order dated 28th november, 1969, dismissed the petitioner's revision ..... ,50011,500 4,92,3001,23,05011,5003. in its return for the assessment year 1965-66, the petitioner disclosed its dividend income from the three subsidiary companies at rs. 2,63,300 and the income-tax deducted at source at rs. 65,576. that return was accepted and an assessment order was made on february 10, 1966. .....
Tag this Judgment!Court : Allahabad
Reported in : (2005)199CTR(All)294
..... assessee/opposite party hereinafter referred to as assessee') furnished a return declaring an income of rs. 320/- pursuant to notice under section 148 of income tax act, 1961. the assessee also paid an advance tax of rs. 1 lac on 30.3.1989 and the said amount of advance tax paid by the assessee was claimed as refundable in the return of ..... income filed on 25.10.1991. the assessing officer completed the assessment under section 143( ..... under section 256(1) of the income tax act, 1961 (hereinafter referred to as'act') for the assessment year 1989-90 for opinion to this court.'1. whether on the facts and in the circumstances of the case, the tribunal was right in law in directing the assessing officer to refund the advance tax paid by the assessee, pursuant to .....
Tag this Judgment!Court : Allahabad
Reported in : AIR1966All440; [1966]62ITR1(All)
..... taxation was not one of the subjects acceded by him to the dominion of india. as regards the income which could be taxed under the rampur income-tax act it continued to be immune. as regards the income which could be taxed under the indian income-tax act on account of its having accrued to him in the dominion of india he claimed that on the ..... decide it and not evade deciding it.13. in the cases of jagannath behera : air1958sc239 (supra), sri sudhansu shekhar singh deo v. state of orissa : [1961]41itr743(sc) and commr. of income-tax, andhra pradesh v. h. e. h. mir osman ali khan, civil appeal no. 46 of 1964, decided by the supreme court on 25-10-1965 ..... , same immunities, same dignities and same titles', the words actually used were the words to be used.the merger agreement in the case of sudhansu shekhar singh deo : [1961]41itr743(sc) (supra) used the words 'the personal rights, privileges, dignities and titles' and it was held by the supreme court that the privileges guaranteed by it were .....
Tag this Judgment!Court : Allahabad
Reported in : (1978)7CTR(All)347
..... so far as the amount deducted at source in addition to rs. 38,162/- is concerned, it may suffice to mention that this was admittedly not advance tax. under s. 214 of the income-tax act interest at the rate of 9 per cent per annum is payable on the amount by which the aggregate sum of any instalments of advance ..... source. the deposit of the entire amount of rs. 38,162/- by the assessee by way of advance tax was refundable along with interest under s. 214 of the income-tax act inasmuch as the said amount exceeded the amount of the tax determined on regular assessment. in our opinion, the tribunal rightly found that the assessee was entitled to the ..... tax paid during any financial year exceeds the amount of tax determined in regular assessment. the expression 'advance tax' has been defined in s. 207(2) of the income-tax act. this definition does not take within its ambit the amount deducted at source. under s. .....
Tag this Judgment!Court : Allahabad
Reported in : [1942]10ITR152(All)
..... nagpur high court following the decision of a bench of three judges of the madras high court in venkatachalam chettiar v. commissioner of income-tax, madras2, held that where the commissioner of income-tax, acting under section 33, refuses to review the order of an assistant commissioner, the position of th assessee not being altered as consequence, ..... petitioner.8. that your petitioner submits that in fairness this is a proper case for the exercise of your power of review under section 33 of the income-tax act, 1922, and that you have the power to revise to assessment made by the subordinate authority after consulting the central board of revenue (vide paragraph 104 ..... , p. 268 of the income-tax manual, 1937).wherefore you petitioner prays that you may be pleased in the exercise of your powers under section 33 of the income-tax act, 1922 to call for the record of the petitioners assessment by the subordinate authority and .....
Tag this Judgment!Court : Allahabad
Reported in : [1970]76ITR96(All)
..... is accepted, then, i will have to import a fiction in the law which is not there that under section 46(2) of the income-tax act, the recovery of arrears of tax on a certificate issued by the income-tax officer will be deemed to be an execution of a decree for money passed by a civil court.8. it was then submitted, on behalf ..... bombay, [1955] 28 i.t.r. 891, [1955] 2 s.c.r. 887, the supreme court had occasion to consider the true effect of section 46 of the indian income-tax act and its proviso. the learned judges in paragraph 8 of the reported judgment observed as follows:'all that the sub-section directs the collector to do is to proceed to ..... 21, rule 58, of the code as regards the attachment and under other provisions as regards sale. the submission was that the proviso to section 46(2) of the indian income-tax act incorporates a rule of reference and it must be given full effect and when so done there will be no difference between the collector taking proceedings by attachment of immovable .....
Tag this Judgment!Court : Allahabad
Reported in : (2001)69TTJ(All)503
..... placed at p. 58 of the assessee's paper-book), which reads as under :'the assistant commissioner (tds) varanasi.filing of annual return under section 206c of the income tax act, 1961, for the financial year 1991-92.sir,we write with reference to your letter no. tds/annual/1991-92 dated 18-8-1992, served on 3-9-1992, ..... before us, which, are, in the following terms :2.1. as a result of newly inserted provisions of section 194h of the income tax act, 1961 (hereinafter referred to as 'the act'), as a result of finance act, 1991, which received the assent of the president of india on 27-9-1991, all these respondents were under an obligation to deduct ..... reply, the assistant commissioner (tds), varanasi, referred this case to the undersigned for the imposition of penalty under section 271c of the income tax act. accordingly, a show-cause notice under section 271c of the income tax act was issued by the undersigned on 28-12-1992, which was duly served on 30-12-1992, fixing the date of hearing on .....
Tag this Judgment!Court : Allahabad
Reported in : [2006]152TAXMAN646(All)
..... substantial question of law which arose for consideration is to the effect, whether the assessee, who has not deducted the tax at source, can still be levied penalty under section 272a(2)(g) of the income tax act for not issuing the certificates of tax deducted, as per the requirement of section 203.3. the assessing officer as well as the commissioner (appeals) levied the ..... penalty under the aforesaid provision whereas the income tax appellate tribunal has condoned the said penalty after holding that since the tax was not deducted at source, the penalty .....
Tag this Judgment!Court : Allahabad
Reported in : [1970]77ITR133(All)
..... & co. referred to above. in that case the assessee was a dealer in securities which constituted its stock-in-trade. the assessee had been charged to tax under the indian income-tax act, 1918, in respect of its business. in the years 1946 and 1947 the assessee had received the sums of rs. 4,13,992 and rs. 1, ..... facts are these. the late ganga sagar jatia carried on business of cotton ginning and commission agency in cotton and he had also income from property and dividends. he was an assessee under the income-tax act of 1918 (act vii of 1918). he died on september 22, 1944, leaving behind him his widow, smt. indermani jatia, but no issues. smt ..... t.p. mukerjee, j. 1. this is a reference by the appellate tribunal, at the instance of the commissioner of income-tax, lucknow, under section 66(1) of the indian income-tax act, 1922, (hereinafter referred to as 'the act'). the statement of the case relates to the assessment year 1945-46. the relevant previous year ended on october 15, 1944.2. .....
Tag this Judgment!Court : Allahabad
Reported in : (1996)130CTR(All)269; [1995]216ITR193(All)
..... undervalued the property and, therefore, the appropriate authority, lucknow, proposed to exercise a right of pre-emptive purchase in exercise of the powers as conferred by the income-tax act under chapter xx-c. he further recited some exemplars on the basis of which conclusion was drawn that the market value of the property comes to rs. 5 ..... requires to be supported by reasons in writing and such reasons must be germane to the object for which chapter xx-c was introduced in the income-tax act, namely, to counter attempts to evade tax. '9. this decision holds that if there is a significant undervaluation of the property concerned, namely, of 15 per cent. or more and ..... arriving at the market value, two different considerations have to be made, one when the market value is fixed under the land acquisition act and the other under section 269ud of the income-tax act. in the earlier case, the compulsory acquisition is for a public purpose for which the market value is paid while the latter case is .....
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