Judgment Search Results Home > Cases Phrase: information technology amendment act 2008 section 46 amendment of section 87 Court: income tax appellate tribunal itat ahmedabad Page 1 of about 63 results (0.088 seconds)

Assistant Commissioner of Income Vs. Apsara Processors (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2005)92TTJ(Ahd.)645

..... and, therefore, it is evident that two reasonable constructions of the provisions of section 271(1)(c) as it stood after the amendment by taxation laws (amendment) act, 1975 and before the amendment by finance act, 2002, are possible. therefore, we respectfully following the decision of apex court in the case of vegetable products ltd. (supra), ..... furnished the return disclosing "loss" and what was finally assessed was also "loss" and the assessment years pertaining were after the amendment by taxation laws (amendment) act, 1975, and before the amendment made by finance act, 2002. several counsels appeared on behalf of the assessees.3. shri k.h. kaji, senior advocate appeared in the case ..... prithipal singh & co. (supra) affirmed by the supreme court in (2001) 249 itr 670 (sc) (supra) was applicable to provision which existed before 1975 amendment act. thus, the same is not applicable to the period after 1st april, 1976. further, there has been no opinion by the apex court on the legal issue .....

Amit Estate Organizer Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2008)113TTJ(Ahd.)1018

..... : (1986) 19 itd 306 (all) 13. when we are on provisions contained in section 69c, we would like to mention that section was inserted vide taxation laws amendment act, 1975 w.e.f. 1st april, 1976 on the basis of recommendation made by the select committee, as found in the report submitted in 1973. the section is ..... from plain reading of the aforesaid part of the order of cit(a), it is gathered that the proceedings under section 147 of the act were initiated without there being any information or material with the ao for having reason to believe that any income chargeable to tax had escaped assessment and also that there was no ..... taken as continuance of the assessment proceedings."pooran mal v. director of inspection (inv.) and dr. pratap singh v. director of enforcement and ors. , that an information even though collected during illegal search are capable to be utilized by the department for several purposes. it has been held that they have evidentiary value. therefore, the valuation .....

Gulamrasul M. Pathan Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1996)57ITD129(Ahd.)

..... books of accounts and assets from other government departments contained in section 132a are clearly different and distinct in nature. prior to insertion of section 132a by the taxation laws (amendment) act, 1975, it was held by various courts that the money, etc. sought to be seized must have been in the possession of the person who had committed a default ..... it was further indicated that the amnesty scheme is not applicable for assessment year 1987-88 and onwards. the chief commissioner of income-tax vide letter dated 29-2-1987 informed the assessee that out of the seized amount of rs. 12,13,850, an amount of rs. 5,98,952 has been adjusted on 12-2-1987 against the ..... income-tax officer, ahmedabad in response to some queries raised by the ito vide his letter dated 7-8-1986. the income-tax officer vide letter dated 12-9-1986 informed the assessee with reference to his application dated 26-6-1986 submitted to the cit that his case does not fall in the amnesty scheme and the return will have .....

Pratibha Syntex Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2002)81ITD118(Ahd.)

..... context of the provisions contained under section 80hhc as it stood for asst. yr.1983-84. the said provision has undergone sea change because of the amendments made by the legislature from time to time and the said decision would, therefore, render no assistance to the department's case while construing the ..... in convertible foreign exchange" and formal remittance to foreign company and receipt thereafter is not necessary for the purpose of relief under section 80-o of the it act. their lordships held : "a two-way traffic is unnecessary. to insist on a formal remittance first and thereafter to receive the commission from the foreign ..... the learned departmental representative very emphatically asserted that section 43b starts with a non obstante clause which reads "notwithstanding anything contained in any other provisions of this act" and it would, therefore, have an overriding effect over the other provisions of the statute superseding the definition of the word "paid" contained in section .....

Nand Lal H. Ramani Vs. Income Tax Officer.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1996)56TTJ(Ahd.)133

..... court has decided the matter after taking into consideration the provisions of s. 10(14) which were made effective since 1st april, 1989, by direct tax laws (amendment) act, 1987, even though the matter being decided by their lordships relates to asst. yr.1983-84 and thus the matter cannot be taken as decided in correct ..... benches at different parts of the country are referring the matters to different high courts seeking their advice/opinion on any particular issue under the provisions of the act and once that advice/opinion is rendered by any high court, the judicial discipline requires that said decision has to be followed by the tribunal in deciding ..... that assessee was not entitled to any deduction much less 50% thereof as claimed as no deduction other than standard deductions provided under s. 16(i) of the act were permissible. the claim of the assessee for deduction of 50% expenses from incentive bonus was, therefore, rejected against which the assessee preferred appeal. it was .....

Deputy Commissioner of Income Tax Vs. Samir Diamond Manufacturing (P)

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1997)59TTJ(Ahd.)1

..... account. the assessee has claimed that on account of technological evaluation of the machinery used in diamond polishing the assessee-company decided to charge higher rate of depreciation provided in the it rules after the amendment made in s.350 of the companies act providing for minimum rates of depreciation in sch. xiv ..... in the return, accounts or documents accompanying it shall be rectified; (ii) any loss carried forward, deduction, allowance or relief, which, on the basis of the information available in such return, accounts or documents, is prima facie admissible but which is not claimed in the return, shall be allowed; (iii) any loss carried forward, ..... deduction under s. 80hhc having satisfied various conditions. the assessee also furnished audit report as required along with the return.on the basis of such information available in the return and accounts and statements filed therewith the deduction under s. 80hhc was prima facie admissible to the assessee. whether the audit .....

Vir Sales Corporation Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1994)50TTJ(Ahd.)130

..... cgt (1988) 173 itr 439 (ap). he further submitted that the provisions of direct taxes (amendment) act, 1987 contain various significant amendments. some amendments were made effective from 1st april, 1988 while other amendments introduced by the said amending act were made effective from 1st april, 1989. the legislature in its wisdom thought it proper to ..... . the government have, in recent past, taken several legislative and administrative measures to unearth black money. the income-tax (second amendment) act, 1981 (hereinafter referred to as the amending act), represents another step in the same direction.2.2 it came to governments notice that a substantial amount of black money was ..... tax evaders with banks, companies, co-operative societies and partnership firms either in their own names or in benami names. the income-tax (second amendment) act, 1981, seeks to counter attempts to circulate black money in this manner." it is clear from the aforesaid circulars issued by the board that these .....

Assistant Commissioner of Vs. Shree Krishna Salt Industries.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1998)60TTJ(Ahd.)125

..... the question of allowability of bad debt in a particular year and with an object of rationalising the provisions relating to bad debt the aforesaid sections were amended by direct taxes amendment act, 1987, w.e.f. 1st april, 1989 so as to provide that the claim for bad debt will be allowed in the year in which ..... the salt was to be despatched per vessel golden eagle to mauritius party on 4th january, 1986, wisma wrote to dy. superintendent salt, salt test laboratory, adipur, informing that 5,000 mt salt has been procured by reh, bombay, for export to mauritius through vessel m.v. golden eagle and the salt will be supplied by ..... of baroda, bombay.(viii) correspondence between the appellant and the bank of baroda, bombay.(ix) correspondence between the wisma and the state trading corpn. of india ltd. informing that the matter was referred to mulla & mulla.(x) correspondence between the appellant and rajasthan export house requiring payment.(xi) copies of notice issued by the appellants advocate .....

Assistant Commissioner of Vs. Shree Krishna Salt Industries

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... the question of allowability of bad debt in a particular year and with an object of rationalising the provisions relating to bad debt the aforesaid sections were amended by direct taxes amendment act, 1987, w.e.f. 1st april, 1989 so as to provide that the claim for bad debt will be allowed in the year in which ..... the salt was to be despatched per vessel golden eagle to mauritius party on 4th january, 1986, wisma wrote to dy. superintendent salt, salt test laboratory, adipur, informing that 5,000 mt salt has been procured by reh, bombay, for export to mauritius through vessel m.v. golden eagle and the salt will be supplied by ..... of baroda, bombay. (viii) correspondence between the appellant and the bank of baroda, bombay. (ix) correspondence between the wisma and the state trading corpn. of india ltd. informing that the matter was referred to mulla & mulla. (x) correspondence between the appellant and rajasthan export house requiring payment. (xi) copies of notice issued by the appellant's .....

Rakesh S. Mardia Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... submitted that the object behind insertion of proviso to section 143(2) has been given in para 5.13 of the explanatory notes on the provisions of direct tax laws (amendment) act, 1987 in cbdt circular no. 549, dt. 31st oct., 1989 which reads as under; "a proviso to sub-section (2) provides that a -notice under the sub-section ..... the purpose of invoking provisions of ss. 68 to 69c for the purpose of block assessment. it is important to note that there is no corresponding amendment in ss. 68 to 69c of the act. therefore, the objection raised by the learned ao and the learned departmental representative that in absence of any mention of section 158bc in section 143(2 ..... rs. 8,33,325 2.1. thereafter, the ao issued notices under section 143(2) of the act on 15th dec., 1998, for the first time requiring the assessees to attend the hearing on 18th dec., 1998, and on the basis of information gathered in the course of assessment proceedings for the block period, the ao determined the total income of .....