Judgment Search Results Home > Cases Phrase: income tax act 1961 section 272 omitted Court: income tax appellate tribunal itat patna Year: 1999 Page 1 of about 1 results (0.074 seconds)

C. M. P. D. I. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2000)72ITD544(Pat.)

..... rs. 1,96,957 for the assessment year 1978-79 would be deemed to have arisen in india by virtue of section 9(1)(vii) of the income-tax act. he observed that the payment of the amount in question by the assessee-company to the said foreign company was in respect of the contract no. 05-022/30700 dated ..... the central government before 1-4-1976 and, as such, the proviso to clause (vii) of sub-section (1) of section 9 of the act was not applicable in the case. accordingly, he charged income-tax on the income of rs. 1,96,960 for the assessment year 1978-79.2. as for the assessment year 1979-80 the assessing officer determined the total ..... ) of sub-section (1) of section 9 was not applicable and the aforesaid payments were liable to be treated as deemed income under section 9(1)(vii) of the act.3.1 aggrieved the assessee preferred first appeal before the ld. cit(a) for both the years under consideration. it was argued before him on behalf of the assessee that the taxation of .....

D. N. Kamani (Huf) Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1999)70ITD77(Pat.)

..... that proved that d. n. kamani (huf) received on money from the sale of 16 flats developed by it (assessee).the ao further observed that in income-tax matters evidence act was not applicable and as such the matters were looked into and considered on preponderance of probabilities and circumstances. the ao further observed that flats in dharamchand mansion ..... venture to recapitulate the facts for proper appreciation as borne out from the records.2.1. the assessee-huf owned a plot taken on lease from tisco in 1961 and constructed thereon 18 flats during the period from 1988 to 1992.the assessee-huf sold 16 flats therefrom to different parties through agreements of sale entered into with ..... reasonable. it is pointed out in this context that the land on which these flats have been constructed was taken on lease by the assessee-huf from tisco in 1961 for a period of thirty years on annual lease rent of rs. 87.55.lease period expired in march, 1991 and according to the learned counsel the lease .....

income Tax Officer Vs. Mangalam Chemicals

Court : Income Tax Appellate Tribunal ITAT Patna

..... the g.p. disclosed at rs. 16,53,042. the difference amount of rs. 92,418 was added in the total income of the assessee. aggrieved, the assessee carried the matter in appeal before the cit(a) who deleted the same because before him it was contended that the assessee maintained proper books of account and even stock register ..... sinha, the learned departmental representative of the revenue, and shri k. c. tak, the learned authorised representative of the assessee. i agree with the finding of the learned cit(a) that the ao has not made out a strong case for rejection of books of account. it is to be noted that the assessee has maintained proper books ..... is engaged in reclamation of used lubricant oil. for the assessment year under consideration it filed its return of income on 27th october, 1993, disclosing total income of rs. 6,400 which was processed under s.143(1)(a) of the it act. but, however, later on the same was taken up for scrutiny. in course of assessment proceedings the assessee .....