Court : Income Tax Appellate Tribunal ITAT Patna
Decided on : Jul-24-1986
Reported in : (1986)19ITD175(Pat.)
..... the earlier year. there is no dispute about the fact that the assessee is a trust whose income is exempt under section 11 of the income-tax act, 1961 ('the act') provided it spends at least 75 per cent of its income for the charitable purposes in india. the case of the assessee before the ito was that it had spent a sum of rs. 75 ..... ,500 during the previous year under consideration in which its income was rs. 74,748 and, consequently it ..... exemption under section 11. deducting 25 per cent of rs. 74,748 as the permissible amount which could be accumulated, the ito arrived at a taxable income of rs. 56,060 which he brought to tax.3. the assessee appealed to the aac who, however, confirmed the action of the ito and dismissed the appeal of the assessee.4. shri b .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Patna
Decided on : Sep-12-1986
Reported in : (1987)20ITD209(Pat.)
..... subsequently, for this assessment year, the ito took reassessment proceedings. the reason recorded by the ito for the issue of notice under section 148 of the income-tax act, 1961 ('the 1961 act') was that he had occasion to critically examine such a deduction claimed in respect of advertisement expenses for the assessment year 1963-64 and it was noticed ..... to section 34(1)(b).in this case decided by the bombay high court, the reassessment proceedings under section 34(1)(a) of the indian income-tax act, 1922 ('the 1922 act'), had been initiated. the question that had arisen was whether in the reessessment such items which satisfied the conditions of section 34(1)(b) and ..... found that the rent fixed by the government was rs. 4,658 per month and he initiated reassessment proceedings under section 147(a) of the 1961 act, to bring to tax the difference. the tribunal held that the assessee could not be said to have failed or omitted to disclose all material facts necessary for assessment and .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Patna
Decided on : Sep-24-1986
Reported in : (1987)20ITD358(Pat.)
..... cross-objections filed by the department for the assessment year 1978-79 were heard together on 16-7-1986. appeals filed by the department in respect of income-tax assessments of the assessee pertaining to the assessment years 1980-81 and 1981-82 were heard on 17-7-1986. after considering the rival submissions, these appeals ..... such female relative, the interest of the deceased in the mitakshara coparcenary property shall devolve by testamentary or intestate succession, as the case may be, under this act and not by survivorship. explanation i : for the purposes of this section, the interest of a hindu mitakashara coparcener shall be deemed to be the share in ..... interest in a mitakshara coparcenary property, his interest in the property shall devolve by survivorship upon the surviving members of the coparcenary and not in accordance with this act : provided that, if the deceased had left him surviving a female relative specified in class i of the schedule or a male relative, specified in that .....
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