Judgment Search Results Home > Cases Phrase: income tax act 1961 section 272 omitted Court: punjab and haryana Page 15 of about 6,285 results (2.597 seconds)

Mrs. Rama Sinha Vs. Commissioner of Income-tax and anr.

Court : Punjab and Haryana

Reported in : (2002)177CTR(P& H)47; [2002]256ITR481(P& H)

..... n.k. sud, j. 1. the assessee has filed this appeal under section 260a of the income-tax act, 1961 (for short the 'act'), against the order of the income-tax appellate tribunal, chandigarh bench 'b' (for short the 'tribunal'), dated december 5, 2000.2. briefly stated the facts are that the assessment in this ..... made thereunder. she further challenged various additions made by the assessing officer as also the levy of penal interest under sections 139 and 215/217 of the act. the commissioner of income-tax (appeals) vide order dated september 23, 1994, upheld the validity of the proceedings under section 147 and the reassessment made thereunder. the levy of ..... basis of which the assessing officer issued a notice dated march 18, 1991, under section 148 of the act after obtaining necessary sanction of the deputy commissioner of income-tax. in response to this notice, return was filed declaring an income of rs. 14,917 on may 21, 1991. the assessing officer made reassessment under section 147 of .....

M/S Chiranji Lal Moti Lal Vs. the Income Tax Officer Ward-2 Sirsa and ...

Court : Punjab and Haryana

..... a.k. sikri, c.j.:1. these writ petitions were filed way back in the year 1989 seeking quashing of orders passed by the income tax authorities under section 132(7) read with section 132(5) of the income tax act, 1961. since common question of law arises in both the writ petitions, the same are decided together. for facility of reference, facts are taken ..... from cwp- 6283 of 1989 wherein an amount of rs.80,000/- was allowed to be retained by the income tax authorities under section 132(7) of the act.2. as per the ..... of the wheat from m/s pawan kumar gian chand and jyoti parshad sham lal.3. thereafter, order under section 132(7) read with section 132(5) of the income tax act came to be passed, as mentioned above, by respondent no.1, retaining in his custody the entire amount of rs.80,000/- stating that in his opinion that .....

Commissioner of Income-tax, Punjab, Jammu and Kashmir and Himachal Pra ...

Court : Punjab and Haryana

Reported in : [1966]60ITR308(P& H)

..... employees to patiala with regards to this winding up petition. both these items were claimed by the company as a deduction under section 10(2)(xv) of the income-tax act, 1922. the income-tax officer disallowed the sum of rs. 10,500 on the ground that it was considered to be an ex gratia payment. the traveling expenses of rs. 1,000 ..... , directed the tribunal to draw up the statement of the case and refer the following question of law for the opinion of this court under section 66(2) of the income-tax act :'whether on the facts and in the circumstances of the case, the legal and traveling expenses amounting to rs. 9,000 and rs. 1,000, respectively, could be ..... legally allowed as a deduction under section 10(2)(xv) of the income-tax act, 1922 ?'that is how this references has come before us.the relevant portion of section 10 for the determination of this question reads as under -'10. business. - (1) .....

Commissioner of Income Tax Vs. Gian Talkies.

Court : Punjab and Haryana

Reported in : (1979)12CTR(P& H)128

..... 2) 'whether on the facts of the case the appellate tribunal was right in holding that s. 271(2) of the income-tax act could not be given effect to in cases where the tax demanded u/s 156 of the income-tax act from the assessee as a registered firm was nil'.2. briefly, the facts of the case are that m/s. gian talkies ..... of the penalty u/s 271(1)(i) of the income-tax act is the amount shown in the demand notice as payable even if the working out of that amount covers some amount ..... on the application of the commissioner of income-tax, amritsar, the income-tax tribunal, amritsar, referred the following two questions u/s 256 of the income-tax act (hereinafter to be referred to as the act(for opinion of this court :-(1) 'was the tribunal, on the facts and in the circumstances of the case, right in holding that the tax which is to form basis of computation .....

Commissioner of Gift-tax Vs. Hari Chand

Court : Punjab and Haryana

Reported in : [1974]95ITR308(P& H)

..... property or the income from which, according to the deed of settlement, is to be used exclusively in connection with the temple, mosque, gurdwara ..... charitable purpose to which the provisions of section 88 of the income-tax act apply ; (va) (i) to such temple, mosque, gurdwara, church or other place as has been notified by the central government for the purposes of sub-section(6) of section 88 of the income-tax act, 1961 (43 of 1961); or (ii) by way of settlement on trust, of ..... in this behalf. explanation.--for the purposes of this clause, the expression ' resident in india ' shall have the meaning assigned to it in the income-tax act. (iii) of property in the form of savings certificates issued by the central government, which that government, by notification in the official gazette, exempts from gift .....

Commissioner of Income Tax-i Vs. Vardhman Polytex Limited

Court : Punjab and Haryana

Reported in : (2008)214CTR(P& H)561; [2008]300ITR186(P& H)

..... building, plant or machinery is erected or constructed, is part of the actual cost to the assessee within the meaning of section 33 read with section 43 of the income-tax act, 1961. this seems to us to be in accordance with both popular and commercial conceptions. once it is recognized that a building, plant or machinery can be constructed or ..... filed revised return on 6.8.1993 declaring a taxable income of rs. 3,48,09,071/-. in the computation of income filed along with revised return, the assessee claimed additional ..... in the business of yarn, filed its return of income for the year in question on 30.12.1992, declaring its taxable income at rs. 3,59,86,351/. the return was processed under section 143(1)(a) of the income tax act, 1961 (for short 'the act') on 6.1.1992 at a total income of rs. 3,60,04,130/-. the assessee thereafter .....

Commissioner of Income-tax Vs. Punjab State Co-operative Bank Ltd.

Court : Punjab and Haryana

Reported in : [2008]300ITR24(P& H)

satish kumar mittal, j.1. the instant appeal filed by the revenue under section 260 of the income-tax act, 1961 (hereinafter referred to as 'the act'), is directed against the order dated july 31, 2006, passed by the income-tax appellate tribunal, chandigarh bench 'b', chandigarh (hereinafter referred to as 'the hat'), in i. t. a. no. 550/chandi/2005 in the case of the respondent - assessee ..... following substantial question of law:whether, on the facts and circumstances of the case, the hon'ble income-tax appellate tribunal was right in law in holding that income earned from banking business with 'nominal' members is eligible for deduction under section (2)(a)(i) of the income-tax act, 1961?2. the brief facts of the case are that the respondent-co-operative bank (hereinafter referred .....

Jaswant Singh Bambha Vs. Central Board of Direct Taxes and ors.

Court : Punjab and Haryana

Reported in : [2005]142TAXMAN528(Punj& Har)

..... question of law for consideration by a full bench :'whether the conditions prescribed in section 239 of the income tax act, 1961, are amenable to relaxation at the hands of the central board of direct taxes through instructions under section 119 of the act?'mr. p. c. jain, learned counsel for the assessee, contended as under :3. article ..... petition had filed a refund claim for the assessment year 1995-96 under section 237 of the income tax act, 1961 (hereinafter referred to as 'the act'). since the claim was made after the period of limitation prescribed in section 239 of the act, he moved an application for condonation of delay under section 119(2)(b) of the ..... and ensure a fair enforcement of its provisions, by issuing circulars in exercise of its statutory powers under section 119 of the income tax act which are binding on the authorities in the administration of the act. under section 119(2)(a), however, the circulars as contemplated therein cannot be adverse to the assessee. thus, the .....

National Horticulture Board Vs. Union of India and ors.

Court : Punjab and Haryana

Reported in : [2001]253ITR12(P& H)

..... , to the date of refund. the relevant extract of that order is reproduced below :'assessment in this case was framed under section 143(3) of the income tax act, 1961 (hereinafter referred to as 'the act'), on 7-10-1998, and a sum of rs. 26,81,17,075 was recovered from the petitioner as ..... 23-4-1999, and 6-12-1999, passed by the income tax officer, ward-i, gurgaon (respondent no. 3) and the commissioner of income tax, rohtak (respondent no. 2), declining the petitioner's prayer for payment of interest in accordance with section 244a(2) of the income tax act, 1961 (hereinafter referred to as 'the act'). the petitioner has also prayed for issuance of a writ ..... in the nature of mandamus directing the respondents to pay interest on the amount of tax paid by it in relation to the assessment year 1996-97.the facts .....

Harbans Singh Vs. Union of India and Others.

Court : Punjab and Haryana

Reported in : (1988)66CTR(P& H)165; [1988]171ITR23(P& H); [1988]34TAXMAN495(Punj& Har)

..... . it has been held therein (headnote) :'there is no provision in law which provides that a prosecution for the offences under section 276c or section 277 of income-tax act cannot be launched until reassessment proceedings initiated against the assessee are completed.'so this plea must also fail.for the reasons recorded above, there is no merit in the two ..... case and for the reasons given in that judgment, sections 277 and 279 of the act cannot be held to be unconstitutional.chapter xix-a incorporates ..... final court had upheld the vires of section 52 of the act of 1922 in t. s. baliah v. t. s. rangachari, ito : [1969]72itr787(sc) . the provisions of section 52 of the 1922 act are analogus to the provisions of sections 277 and 279 of the act 1961 act. the ratio of that decision equally applies to the present .....