Judgment Search Results Home > Cases Phrase: income tax act 1961 section 80jjaa deduction in respect of employment of new workmen Page 1 of about 406 results (0.230 seconds)

Air India Vs. S. Ganapathi and ors.

Court : Mumbai

Reported in : (1993)IIILLJ425Bom

..... payable in cash or in kind, and also includes perquisite and profits in lieu of salary as defined in section 17 of the income-tax act, 1961. shri taleyarkhan submits that section 17(3) of the income-tax act deals with the 'profits in lieu of salary' and the expression includes the amount of any compensation due to or received by ..... or to an employee who is in service makes no difference because of the expression 'profits in lieu of salary' under section 17(3) of the income tax act includes an amount of compensation received from the employer or former employer in connection with termination of the employment. in my judgment, the conclusion recorded by the ..... or former employer, at or in connection with the termination of his employment. relying upon the provisions of the income-tax act, shri taleyarkhan contended that the management was under a statutory obligation to deduct the tax out of one month's wages before it was paid over to the employee. the submission is correct and deserves .....

Commissioner of Income-tax Vs. Dhandia Gems Corporation

Court : Rajasthan

Reported in : (1994)121CTR(Raj)96; [1994]208ITR923(Raj); 1994(3)WLC457

..... 35b(1a) of the income-tax act, 1961, was to be allowed ?'2. the brief facts of the case are that the assessee is ..... ) that the firm is an industrial undertaking and as such weighted deduction under section 35b(1a) of the income-tax act, 1961, cannot be allowed. the matter could have been remanded to the income-tax appellate tribunal for deciding the triple test as was done in the case of vimal chand daga (huf) [1988] 172 itr 264 referred ..... 1993, in respect of the assessment year 1979-80 under section 256(1) of the income-tax act, 1961 :'whether, on the facts and in the circumstances of the case, the tribunal was justified in upholding the findings of the commissioner of income-tax (appeals) that the firm is an industrial undertaking and as such weighted deduction under section .....

Commissioner of Income-tax Vs. Walter Bushnell (P.) Ltd.

Court : Kolkata

Reported in : [1996]218ITR486(Cal)

..... made at the instance of the revenue, the tribunal has referred the following questions, for the opinion of this court under section 256(2) of the income-tax act, 1961 ('the act') :'1. whether, on the facts and in the circumstances of the case, the tribunal is justified in holding that the assessee is entitled to the ..... deduction under section 80j of the income-tax act, 1961 ? 2. whether the decision of the tribunal that me assessee is entitled to the deduction under section 80j is based on the materials available before the ..... 83. the assessee-company claimed deduction under section 80j of the act in respect of its new unit at konnagar which was set up for the manufacture of pharmaceutical formulations like tetracycline capsules, doxycycline capsules, chloramphenicol capsules and ampicillin capsules. the income-tax officer did not allow the claim of the assessee-company on the .....

Canara Sales Corporation Ltd. Vs. Commissioner of Income Tax

Court : Karnataka

Reported in : (1989)79CTR(Kar)64; ILR1989KAR3387; [1989]176ITR340(KAR); [1989]176ITR340(Karn); 1988(3)KarLJ348

..... assessed, accompanied by a covering letter dated march 25, 1966, in which it challenges the proceedings initiated under sections 147(a) and 148 of the income-tax act, 1961 ('the act' for short). the said returns were filed under protest and without prejudice to its contentions on the questions of jurisdiction to reopen the assessments. it ..... abouts the misappropriation by the accountant came to light. since there was definite information available with the income-tax officer, which was not originally within his knowledge, the action taken by him under section 147(a) of the act was justified, that as the matter was still under litigation and it was not clear whether finally ..... part of the assessee to disclose fully and truly all material facts necessary for his assessment for that year, income chargeable to tax has escaped assessment for that year. the scope of section 147(a) of the act has been the subject-matter of debate before us. while it is the contention of the assessee that omission .....

C. Rajendran and anr. Vs. Income-tax Officer

Court : Chennai

Reported in : (2002)173CTR(Mad)171; [2002]253ITR139(Mad)

..... the company was in tax arrears for the aforementioned two assessment years in the sum of rs. 27,347 and rs. 3,25,976, respectively. in ..... assessment year 1974-75 was rs. 18,855 while the tax liability for the assessment year 1978-79 came to rs. 3,58,174. a notice came to be served to the directors of the company, the petitioners in the writ petition, under section 179(1) of the income-tax act, 1961. by that notice, it was informed to the company that ..... better to remand the matter to the concerned authority who would consider all the aspects and then come to the conclusion regarding the proceeding under section 179(1) of the income-tax act and the resultant action thereof. however, the concerned authority shall be guided by the observations made by us in this order. 13. with this, we partly allow the .....

C. Rajendran and Another Vs. Ito

Court : Chennai

Reported in : [2001]253ITR139(Mad)

..... the company was in tax arrears for the aforementioned two assessment years in the sum of rs. 27,347 and rs. 3,25,976, respectively. in ..... assessment year 1974-75 was rs. 18,855 while the tax liability for the assessment year 1978-79 came to rs. 3,58,174. a notice came to be served to the directors of the company, the petitioners in the writ petition, under section 179(1) of the income tax act, 1961. by that notice, it was informed to the company that ..... better to remand the matter to the concerned authority who would consider all the aspects and then come to the conclusion regarding the proceeding under section 179(1) of the income tax act and the resultant action thereof. however, the concerned authority shall be guided by the observations made by us in this order.with this, we partly allow the appeal, .....

Mitsui and Company Ltd. Vs. Deputy Commissioner of Income Tax

Court : Delhi

Reported in : (1999)65TTJ(Del)1

..... -11-1998, in cw no. 4024/98 observing as under :'the grievance raised in this petition is very limited. penalty proceedings under section 271c of the income tax act, 1961 were initiated and finalised by the deputy commissioner, range 23, new delhi, against the petitioner resulting into a penalty of rs. 6,99,82,700 being ..... against the common order of the commissioner (appeals) for the financial years 1989-90 to 1994-95 confirming the penalties levied under section 271c of the income tax act, 1961. since the facts are common, these appeals have been heard together and are decided by this consolidated order.2. the assessees involved have raised the common ..... may, 1995 : the project office gave information among others as under :'2. mitsui is filing tds returns as required by the income tax act, 1961. the returns are being filed under the jurisdiction of the income tax officer, tds 22(5), new delhi.3. the employees have been provided with some or all of the following payments, allowances and .....

Union of India (Uoi) and ors. Vs. Seth R. Dalmia

Court : Supreme Court of India

Reported in : AIR1975SC1017; (1975)4SCC16; [1975]3SCR735; 1975(7)LC275(SC)

..... the chairman under office order dated january 1, 1964 which included matters relating to the reopening of assessments under section 34 of the income-tax act, 1922 or under section 147 of the income-tax act, 1961, but the paragraph adds that 'later with the approval of the central government this item of work was assigned to the member ..... writ petitions filed by the respondent before us challenging the validity of six notices dated september 7, 1965 issued under section 148 of the income-tax act, 1961 (hereinafter referred to as the act). the notices relate to the assessment years 1949-50, 1950-51 and 1951-52, the corresponding accounting years ending on the 30th september ..... work of according sanction of the board under section 151(1) for reopening of assessments under section 147 of the income-tax act, 1961 to which he consented.4. rule 4 of the central board of direct taxes (regulation of transaction of business) rules, 1964 envisaged that chairman may by an order made with the previous .....

National Federation of Insurance Field Workers of India and anr. Vs. U ...

Court : Uttaranchal

Reported in : (2004)187CTR(Uttranchal)180; [2004]265ITR84(Uttaranchal)

..... ; that by virtue of the impugned notification, the central board of direct taxes has purported to supplement section 17(2) of the income-tax act by incorporating amendments in the existing income-tax rules. secondly ..... direct taxes. the petitioners have challenged the notification on four grounds. firstly, on the ground that the impugned notification is issued in purported exercise of power conferred on the central board of direct taxes by section 295 of the income-tax act, 1961, read with section 17(2) and section 192(2c) of the income-tax act ..... c). it was further pointed out that by the taxation laws (amendment) act, 1984, section 17(2) and section 40a of the income-tax act were amended. that by the taxation laws (amendment) act, 1984, parliament amended the income-tax act and taxed interest free loan/concessional loan to employees for the purposes of building a .....

Interbulk Trading SA, Switzerland Vs. Adam and Coal Resources Private ...

Court : Chennai

..... determined on a document-only basis , expert evidence was led by both sides, with regard to the obligation, if any, of adam coal to deduct withholding tax under the provisions of the indian income tax act, 1961 (in short the income tax act ). in this context, the testimony of experts was also placed before the learned arbitrator, with regard to the relevant provisions of the dtaa. 15.5 ..... . at this point, i may also deal with the argument, which was advanced on behalf of the respondent, which is that, provision of section 195 of the income tax act, 1961 (in short 1961 act) necessarily obligated deduction of withholding tax, by the payer, without fail, every time a payment was made to a non-resident. in my view, this submission of the respondent is completely misconceived .....