Judgment Search Results Home > Cases Phrase: information technology amendment act 2008 section 46 amendment of section 87 Court: income tax appellate tribunal itat hyderabad Page 1 of about 36 results (0.127 seconds)

Hifco Marwel Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (1997)57TTJ(Hyd.)86

..... circular of the board no. 549, dt. 13th oct., 1980, found reported in (1990) 182 itr (st) 20, where the scope of amendment brought about in s. 143 by the direct tax laws (amendment) act, 1989 w.e.f. 1st april, 1989, was explained, and the subsequent circular no. 689, dt. 24th aug., 1994, reported in (1994 ..... the return would be made under certain circumstances and any loss carried forward, deduction, allowance or relief claimed in the return, which, on the basis of the information available in such returned accounts or documents, is prima facie admissible, shall be allowed, and which is prima facie inadmissible, shall be disallowed. thus, he ..... without any reservation, the net result showing excellent performance in the share business has been highlighted in the directors report; and their shareholders also have been informed about the net result which included the profit from the aforesaid share dealings; while filing the return the assessee reduced the net profit on these transactions on .....

Kollipara Subba Rao Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (1990)32ITD668(Hyd.)

..... do with the cement purchase and it is altogether a different transaction, cannot be accepted. section 132(4a) which is brought into statute books under the taxation laws (amendment) act, 1975 with effect from 1-10-75 is as follows: 132(4a) where any books of account, other documents, money, bullion, jewellery or other valuable article or ..... assessee and the recitals therein should be presumed to be true, unless proved otherwise. the presumption which could be raised under section 132(4 a) of the it act is not at all rebutted by the assessee-firm. the oral evidence of the witnesses examined cannot be preferred over the recitals made in unimpeachable, contemporaneous documents ..... dismissed. according to the assessee the source for the payment of the amount was sufficiently disclosed and so no addition can be made under section 69 of the it act. in our opinion, this allegation is to be investigated into. it should first be found out whether krishna rice mill, warangal and chidambara gay it is .....

Shiva Shankar Granites (P) Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2002)81ITD106(Hyd.)

..... not qualify for exemption under section 10b. as regards circular no. 684 dt. 10th june, 1994 this is merely an explanatory note to the amendment to section 10b-by the finance act, 1994, by which conditionality was introduced to the effect that if at least 75 per cent of the turnover is exported, the assessee will ..... the bank for obtaining bank guarantee deserves to be treated as having been 'derived from' the export-oriented unit, within the meaning of section 10b of the it act.11. before parting with the matter, i may also mention that the other decisions relied on by the learned departmental representative are distinguishable. in the case of ..... which derived income from agriculture, and held that the dividend received by the shareholder was not agricultural income, but income assessable under section 12 of the indian it act, 1922. it was held that the dividend received did not have any association with land, but arose from the contractual relation between the company and the shareholder. .....

Ocean Sparkle Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2006)99TTJ(Hyd.)582

..... section 33ac are not available. 5. that learned cit(a) has erred in law in not providing adequate opportunity to clarify any issues or provide any information including books of account required to compute the deduction under section 33ac, ignoring the request of the appellant to provide such an opportunity and instead summarily confirming ..... for getting deduction under section 80-ia.8. finally, referring to the explanatory notes from circular no. 779, dt. 14th sept., 1999 with regard to amendment of section 80-ia, the cit(a) held that it is clear that only when the enterprise which developed the infrastructure had handed over the operation and ..... 80-ia(4). (a) reliance ports and terminals ltd. (rptl) entered into an agreement with the gujarat maritime board, a board constituted under the gujarat maritime board act, 1981, on 28th july, 1999 to develop, maintain and operate the port infrastructure facilities located at port sikka, jamnagar, on license basis on build, transfer, operate .....

Pappu Subbarao Vs. Income Tax Officer.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (1993)46TTJ(Hyd.)33

..... dt. 16th april, 1983 should be deemed to have been filed under the provisions of s. 139(4) as they stood amended by taxation laws (amendment) act, 1970 w.e.f. 1st april, 1971. under those provisions a person who failed to file a return within the ..... the learned advocates for the assessee also relied upon the provisions of s. 139(5) as it stood prior to its being amended by the direct tax (amendment) act, 1987 w.e.f. 1st april, 1989 which used to be as follows : "(5) if any person having furnished ..... : "the fact that the assessee purported to file a "revised return" after his coming to know that the ito had already information in possession regarding receipt by the assessee of the sum of rs. 1,17,633 from the e.e. which had not ..... the omission or wrong statement is discovered by the department as a result of enquiry and thereafter a revised return is furnished making amends, that will not amount to a revised return as contemplated by s. 139(5). the decisions which support the above proposition are .....

Pappu Subbarao Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (1992)43ITD204(Hyd.)

..... the learned advocates for the assessee also relied upon the provisions of section 139(5) as it stood prior to its being amended by the direct tax (amendment) act, 1987 w.e.f. 1-4-1989 which used to be as follows : (5) if any person having furnished ..... dated 16-4-1983 should be deemed to have been filed under the provisions of section 139(4) as they stood amended by t.l. (amendment) act, 1970 w.e.f. 1-4-1971. under those provisions a person who failed to file a return within the ..... : the fact that the assessee purported to file a 'revised return' after his coming to know that the ito had already information in possession regarding receipt by the assessee of the sum of rs. 1,17,633 from the e.e. which had not ..... , the omission or wrong statement is discovered by the department as a result of enquiry and thereafter a revised return is furnished making amends, that will not amount to a revised return as contemplated by section 139(5). the decisions which support the above proposition are the .....

Niraj Petrochemicals Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

..... .k. concern tl london. the indian company wanted to acquire process technology called "talo process" for using it in the manufacture of sugar. hence, dcm entered into a technical collaboration with tl for the transfer of comprehensive technical information and know-how and the supply of equipment by tl to dcm. ..... that the provisions of dtaa also do not permit the assessment in india of "fees paid for technical services" rendered abroad, has no substance. the amended provisions of the dtaa accepted between republic of india and the federal republic of germany are reproduced in (1985) 156 itr 90 (st). clause (iv ..... foreign collaboration agreements approved by the government of india and reserve bank of india, as they are outside the purview of s. 195 of the it act, 1961. the following are the details of the workings towards the tax payable.------------------------------------------------------------------------date of particulars total amount income-tax @ 20% on remittanceremitted basic .....

Smt. B. Subhadra L/R of B. Paparaju Vs. Income Tax Officer [Alongwith ...

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2005)92ITD285(Hyd.)

..... (as per headnote) : "the scope and effect of section 147 as substituted w.e.f. 1st april, 1989, by the direct tax laws (amendment) act, 1987, and subsequently amended by the direct tax laws (amendment) act, 1989, w.e.f. 1st april, 1989, as also of sections 148 to 152 have been elaborated in circular no. 549, dt. 31st ..... eot petition. the eot petition was received during the course of original assessment proceedings as is evident from the note of the ao. so, this cannot be information that formed the basis for reopening the assessment. the learned departmental representative relies on the letter of the sub-registrar to adi, chennai, dt. 8th oct., ..... price mentioned in the three sale deeds filed before the ao during the course of original assessment proceedings.the learned counsel vehemently contended that with all this information available on the record of the ao during the regular assessment proceedings, based on which the ao had completed the regular assessment proceedings by agreeing to .....

Sri Chaitanya Educational Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2007)106ITD256(Hyd.)

..... in the case of sales tax officer v. oriental coal corporation , relied upon by the assessee, considering retrospective or otherwise nature of a provision in the amending act, the hon'ble supreme court observed that where the statute thus, on its face, clearly indicates retrospective effect where intended, there can be no justification to ..... by the cit visakahaptnam on 14.8.1992, based on the application of the assessee dated 9.1.1992 after calling for necessary records, documents and information and after carrying out necessary enquiries and satisfying himself about the genuineness of the activities of the assessee.7.4.n in the light of the ..... passed under section 12a the order dated 14.8.1992 granting registration, only after following due procedure and only after calling for necessary records, documents and information and after carrying on necessary enquiries as well as on satisfying himself about the genuineness of the activities of the assessee. the reliance of the learned commissioner .....

Surana Steels Pvt. Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (1993)46TTJ(Hyd.)458

..... government : (a) if the company has not provided for depreciation for any previous financial year or years, which falls or fall after the commencement of the companies (amendment) act, 1960, it shall, before declaring or paying dividend for any financial year provide for such depreciation out of the profits of that financial year or out of profits of ..... or years; (b) if the company has incurred any loss in any previous financial year or years which falls or fall after the commencement of the companies (amendment) act, 1960, then the amount of the loss or an amount which is equal to the amount provided for depreciation for that year or those years whichever is less, ..... . vi of the companies act lays down the requirements as to p&l account. rule 3 of part ii thereof states that the p&l account shall set out the various items relating to the income and expenditure of the company arranged under the most convenient heads; and in particular, shall disclose information in respect of items thereunder .....