Judgment Search Results Home > Cases Phrase: income tax act 1961 section 276ccc failure to furnish return of income in search cases Court: delhi Page 2 of about 29 results (0.094 seconds)

Dr. V.P. Mainra Vs. Dawsons Leasing Limited

Court : Delhi

Reported in : 114(2004)DLT457; 2004(77)DRJ727; [2005]58SCL254(Delhi)

..... also but such proceedings must be in relation to assets of the company. the court in that case, which was under the income tax act, 1961, found that the complaint by the income tax officer against the directors of the company was made for the offences punishable under section 276-c and section 277 of the ..... income tax act and the allegation was that the accused willfully attempted to evade tax, penalty or interest chargeable or imposable under the provisions of the income tax act. section 276c provides for penalty when a person willfully attempts in any manner whatsoever ..... to evade any tax, penalty or interest chargeable or imposable under the income tax act. section 277 makes a person liable for imprisonment when he makes a statement in any verification under the income tax act or under any rule made there under or delivers an account or statement .....

Mahabir Metal Works Pvt. Ltd. and anr. Vs. Union of India and anr.

Court : Delhi

Reported in : ILR1974Delhi617

..... than is stated in the instrument of transfer would be dealt with separately, for instance, under section 52 of the income-tax act, 1961. the relevant part of the act of 1972 is inserted in the income-tax act, 1961 as chapter xxa. (3) the act came into force on 15th november 1972. the taxation laws (amendment) bill, 1971 was introduced in parliament on 12th ..... execution of the transfer deed, namely, 31st may 1972. (5) logically, the first question to be decided should be whether chapter xxa of the income-tax act, 1961 as inserted therein by the act of 1972 is a 'law giving effect to the policy of the state towards securing the principles specified in clauses (b) or clause (c) of ..... it is in the background of this authoritative interpretation of the scope of article 31c that we have to consider the validity of the act of 1972 as inserted in chapter xxa of the income-tax act. 1961. article 39(b) :- (11) the science of economics recognises land to be a scarce goods. it is a factor of production. .....

Shri D.K. Aggarwal Vs. Govt. of India and Others

Court : Delhi

Reported in : 2001IVAD(Delhi)922; 91(2001)DLT753

..... aggrieved by the order passed by the assessing authority that the petitioner was not entitled to deduction either in terms of section 80rra of income tax act or section 80-o of the income tax act.2. it is the case of the petitioner that the petitioner after his retirement from steel authority of indian limited as executive director ..... mr. poddar counsel for the petitioner has contended that the respondent failed to appreciate that in order to claim relief under section 80rra of income tax act the applicant was to satisfy that he was a technician, he has rendered his service on remuneration outside india and such remuneration was in ..... respondent. aggrieved by the said order, the petitioner filed an appeal under section 80rra of income tax act before the appropriate authority.3. joint secretary to the government of india, ministry of finance, (department of revenue), central board of direct taxes is the appropriate authority. joint secretary vide his letter dated 4th september, 1996 took the .....

Commissioner of Income Tax Vs. Umrao Singh

Court : Delhi

Reported in : 70(1997)DLT598

..... assessed did not declare any capital gains on the ground that it was outside the ambit of capital assets as defined in the income tax act, 1961. the itr, however, observed that capital gains were taxable and brought them to tax. the aac upheld the order of assessment. the tribunal relying on bombay high court decision in manubhai a. sheth & ors. ..... -section (1-a) of section 2 of the income tax act defining the agricultural income by the finance act, 1989 giving retrospective effect from 1.4.1970. the effect of the ..... ito : [1981]128itr87(bom) held that capital gains could not be taxed on transfer of agricultural land in this case. (3) the law had changed with retrospective effect by the amendment incorporated in sub-section (14) of section 2 of the income tax act by the finance act, 1970 w.e.f. 1.4.1970 and the explanationn added to sub .....

Commissioner of Income-tax, Delhi-ii Vs. Rohtak Textile Mills Ltd.

Court : Delhi

Reported in : (1982)30CTR(Del)151; [1982]138ITR195(Delhi)

..... was taken on 6th december, 1959. since it was ascertained in march, 1962, the amount of balancing charge as contemplated by section 41(2) of the income-tax act, 1961, became chargeable to tax in the assessment year 1962-63.' 20. dealing with an alternative contention urged on behalf of the assessed that the balancing charge must have been subjected to ..... was right in law in holding that the surplus of rs. 2,30,637 was not chargeable to tax under section 41(2) of the income-tax act, 1961, during the accounting period relevant to the assessment year 1965-66 (iii) whether, on the facts and in the circumstances of the case, the ..... facts and in the circumstances of the case, the tribunal was right in holding that the surplus of rs. 2,32,234 was not chargeable to tax under section 41(2) of the income-tax act, 1961, during the period relevant to the assessment year 1963-64 (ii) whether, on the facts and in the circumstances of the case, the tribunal .....

Additional Commissioner of Income-tax Vs. Rohtak Textiles Mills Ltd.

Court : Delhi

Reported in : ILR1982Delhi68

..... the state electricity board would discharge a loan advanced by the government to the assessed. for the assessment year 1963-64, the income tax officer brought to tax, as profit under section 41(2) of the income-tax act, 1961. the excess over the depreciated value of the assets and the question for consideration for the court was whether the excess was rightly ..... was right in law in holding that the surplus of rs. 2,30,637.00 was not chargeable to tax under section 41(2) of the income-tax act, 1961 during the accounting period relevant to the assessment year 1965-66 ? (iii)whether on the facts and in the circumstances of the case amounts of ..... in the circumstances of the case, the tribunal was right in holding that the surplus of rs. 2,32,234.00 was not chargeable to tax under section 41(2) of the income-tax act, 1961 during the period relevant to the assessment year 1963-64 ? (ii)whether on the facts and in the circumstances of the case, the tribunal .....

Raja Ram Kumar Bhargava (Decd., by His Legal Representatives) Vs. Unio ...

Court : Delhi

Reported in : [1973]92ITR312(Delhi)

..... said this :'the matter has been carefully examined. however, in view of the provisions of sections 240 and 244(1) read with section 297(2)(i) of the income-tax act, 1961, it is not possible to agree to your request for the grant of interest on the amount of refund for the period from march, 1957, to december, 1966, ..... and 7:7. first of all it has to be determined whether the indian income-tax act of 1922 (referred to hereinafter as the old act) or the income-tax act, 1961 (referred to hereinafter as the present act), applied to the facts of this case.8. under the old act it was provided in section 66 that a reference may be made to the ..... plaintiffs entitled to have any interest on the sum refunded to them on account of income-tax and/or excess profits tax ? (6) whether the claim of the plaintiffs in the suit is governed by the provisions of the income-tax act, 1961, or under the provisions of the indian income-tax act, 1922 ? (7) whether the plaintiffs are entitled to recover any amount from .....

Jet Lite (India) Ltd. and Others Vs. Commissioner of Income Tax-XVI an ...

Court : Delhi

..... of disallowance of consultancy expenses, paid by the assessee to m/s. sahara india international corporation limited, invoking the provisions of section 40a (2) of the income tax act, 1961, when the said expenditure is excessive and unreasonable and the services, which have been claimed to have been rendered have not been substantiated for genuineness? (ix) whether ..... ao on account of disallowance of the interest paid on borrowed capital, when the said interest is not allowable under section 36 (1) (iii) of the income tax act, 1961, on account of substantial interest-free funds advance to the sister concerns? (vii) whether the itat was correct in the eyes of law in upholding the deletion ..... in the eyes of law in upholding the deletion of the addition of rs. 55,40,38,959 made by the ao under section 68 of the income tax act, 1961, on account of the unexplained cash credit, ignoring the material fact that the assessee had failed to substantiate the credit worthiness of the shareholders and the .....

Associated Agricultural Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)31ITD29(Delhi)

..... case inasmuch as we have adjudicated the assessee's contentions regarding it being outside the ambit of the taxing provision of income-tax act, 1961, that the contributions could not be said to be voluntary and that the income-tax act does not take within its purview scientific research institution as taxable entities, we like to deal with ..... endorsed to this council regarding the recognition of national agricultural cooperative marketing federation of india ltd., new delhi under section 35(1)(ii) of the income-tax act, 1961. the application has been examined in the council and it is observed that the institution has not yet set up the infrastructure facilities. it is ..... research, krishi bhawan, new delhi, that the latter's application for recognition of associated agricultural development foundation of india under section 35(1)(ii) of the income-tax act, 1961 had been forwarded to the indian council of agricultural research, new delhi.15. next comes the crucial letter no. f. no. 16(7)/77-con .....

Motorola Inc., Erisson Radio Vs. Deputy C.i.T.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)96TTJ(Delhi)1

..... given careful thought to the submissions advanced before us by the parties. we have also examined the relevant statutory provisions of the indian income-tax act, 1922 (old act) as also of the income-tax act, 1961 (new act) to which our attention was drawn. we have also considered the case law cited before us. it is an admitted position that ..... the issues involved, a request was made to the hon'ble president to refer the matter to a special bench under section 255(4) of the income tax act, 1961 (the act). the president, i.t.a.t after considering the facts and circumstances of the case, decided to constitute a special bench.the following question was ..... ", we refer to the following comparative provisions of the two acts i.e. old and new:the indian income-tax act. 1922. income-tax act, 1961.section 22(1) the income-tax officer section 139(1) every person, if his totalshall, on or before the 1st day of may income or the total income of any otherin each year, give notice, by publication person .....