Judgment Search Results Home > Cases Phrase: information technology amendment act 2008 section 46 amendment of section 87 Court: patna Page 1 of about 29 results (0.115 seconds)

Assistant Commissioner of Income Vs. Sharma Cold Storage and Ice Facto ...

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1998)64ITD129(Pat.)

..... .7. apart from supporting the view taken by the learned accountant member, the learned departmental representative invited my attention to expln. 6 inserted in s. 271 of the act by direct tax laws (amendment) act, 1989, w.e.f. 1st april, 1989, which runs as under : "explanation 6. - where any adjustment is made in the income or loss declared in ..... omitted to file the return which he was required to file under s. 139(1) of the act or having filed it, there is omission to disclose true and full facts in relation to the chargeable income or the ao has information in his possession that proper income escaped assessment to tax then he may upon formation of a reasonable ..... belief issue a notice to the assessee as provided in s. 148 of the act directing such person to file a return.there are then provisions contained .....

Assistant Commissioner of Income Tax Vs. Sharma Cold Storage and Ice F ...

Court : Patna

..... 7. apart from supporting the view taken by the learned accountant member, the learned departmental representative invited my attention to expln. 6 inserted in s. 271 of the act by direct tax laws (amendment) act, 1989, w.e.f. 1st april, 1989, which runs as under :"explanation 6. - where any adjustment is made in the income or loss declared in the ..... omitted to file the return which he was required to file under s. 139(1) of the act or having filed it, there is omission to disclose true and full facts in relation to the chargeable income or the ao has information in his possession that proper income escaped assessment to tax then he may upon formation of a ..... reasonable belief issue a notice to the assessee as provided in s. 148 of the act directing such person to file a return. there are then provisions contained .....

Dhanaraj Singh and Co. Vs. Commissioner of Income Tax and anr.

Court : Patna

..... pleas raised before us, we have to bear in mind that the provisions of ss. 147, 148 and 151 of the it act, as they stood prior to the substitution of those sections by the direct tax laws (amendment) act, 1987, w.e.f. 1st april, 1989, are the relevant statutory provisions governing the matter. for appreciating the controversy ..... during the assessment proceedings of the same assessee for a subsequent year, that the alleged agreement between the assessee and ratiram was bogus, there was no other information or material from any other external source which came to the notice of the ito after the assessment proceedings which could enable the ito to form a ..... draft. a confirmatory letter from the company was also produced. the assessments were completed on that basis. thereafter, the ito having jurisdiction over the calcutta company informed the ito of the assessee in a different place that the managing director of the calcutta company had made a confession to the effect that the company was .....

Competent Authority (Acquisition) Vs. Smt. Lalita Todi and ors.

Court : Patna

..... not pass any final order on the maintainability of the appeal.3. these acquisition proceedings have arisen under chapter xx-a of the act which chapter was inserted in the act by the taxation laws (amendment) act, 1972, w.e.f. 15th november, 1972. this chapter has now ceased to operate in respect of transfer of immovable property ..... factors particularly the fact that the property was encumbered on various counts. the immovable property transferred did not fall within the provisions of s. 269c of the act. it could not be said that there was any difference between the apparent consideration and the fair market value or the consideration was not truly stated in the ..... purchase by central government of immovable properties in certain cases of transfer.with a view to achieve early finalisation of proceedings under the existing chapter xx-a of the it act, 1961, the board has decided that w.e.f. 1st april, 1986, acquisition proceedings under s. 269c will not be initiated in respect of an immovable .....

Core Projects and Technologies. Vs. State of Bihar, and ors.

Court : Patna

..... may have a back end tie-up with the manufacturer/supplier, however for the bidder will be responsible in totality.(b) the bidder should be an information technology & communication company & specializing in it learning services with adequate experience of executing similar projects for at least 300 schools. school should be acknowledged by government ..... holding company" and "subsidiary company" shall have the meaning specified in section 4 of the companies act 1956 (as amended from time to time).11. reliance was also placed upon section 212 of the indian companies act to highlight that the balance sheet of holding company is required to include particulars relating to its subsidiaries ..... which included the appellant and three others including the successful bidder, educomp (respondent no.5 herein). on 06.03.2010 certain amendments were made to the rfp document. the amendments are annexure-3 to the memo of appeal. by another corrigendum dated 06.03.2010, respondent no.4 extended the last date .....

Deputy Commissioner of Income Tax Vs. Murrah Live Stock Agency

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2004)84TT(JP.)at547

..... to escapement of the income of the assessee from assessment. the fact that the words "definite information" which were there in section 34 of the act of 1922 at one time before its amendment in 1948 are not there in section 147 of the act of 1961 would not lead to the conclusion that action can now be taken for reopening the ..... we refer the below given question for consideration of third member as provided in sub-section (4) of section 255 of the act and request the hon'ble president accordingly. "whether on the basis of information available on account of registration of charge-sheet by the cbi in the case of assessee's relatives and their concerns would be sufficient ..... assessment even if the information is wholly vague, indefinite, far-fetched and remote. the reason for the .....

Deputy Commissioner of Income Tax Vs. Narendra Mohan Bagroy

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2004)84TT(JP.)at570

..... to escapement of the income of the assessee from assessment. the fact that the words "definite information" which were there in section 34 of the act of 1922 at one time before its amendment in 1948 are not there in section 147 of the act of 1961 would not lead to the conclusion that action can now be taken for reopening the ..... certain materials. it is not enough for the ao to have the material in his possession. he must perform further necessary mental act of accepting the material and information as reliable and confirming the belief that can be acted upon. in view of these principles of law, one has to see what was the material before the ao to have a ..... assessment even if the information is wholly vague, indefinite, far-fetched and remote. the reason for the formation .....

Fourth Income Tax Officer Vs. Karimia Trust.

Court : Patna

..... the case of prakash lal khandelwal vs . ito & anr. : [1989]180itr604(patna) . besides, to settle the controversy appropriate amendment was made to s. 139 by inserting an expln. 2 to s. 139 by the taxation laws (amendment) act, 1984. therefore, no interest is chargeable either under s. 139, obviously and also for same reasons no interest can be charged ..... even under s. 217(1a) of the act.8. the appeals are now restored to the division bench for passing an appropriate ..... 1st april, 1971. it may be stated here that neither the learned judicial member nor the learned accountant member has referred to this particular amendment while considering s. 11(4) of the act and, therefore, considering the facts of this case i do not find it necessary to go into details and advert to the implications of .....

Fourth Income-tax Officer Vs. Karimia Trust

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1993)45ITD63(Pat.)

..... in the case of prakash lal khandelwal v. ito [1989] 180 itr 604. besides, to settle the controversy appropriate amendment was made to section 139 by inserting an explanation 2 to section 139 by the taxation laws amendment act, 1984. therefore, no interest is chargeable either under section 139, obviously and also for same reasons no interest can ..... be charged even under section 217(1a) of the act.8. the appeals are now restored to the division bench for passing an ..... 1-4-1971. it may be stated here that neither the learned judicial member nor the learned accountant member has referred to this particular amendment while considering section 11(4) of the act and, therefore, considering the facts of this case i do not find it necessary to go into details and advert to the implications of .....

Deputy Commissioner of Income Tax Vs. Dr. (Mrs.) Leela Prasad

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2004)84TT(JP.)at592

..... member of aop. since no return was filed in response to the notice under section 148, a notice under section 142(1) was issued and the assessee was also informed as to how the department was thinking that the aop's income had escaped assessment. however, no return was filed. the ao, accordingly, passed an ex parte order ..... similar was the position in the case of the firm which was sought to be assessed as unregistered firm. however, in 1956 there was an amendment in section 23(5) of the 1922 act by virtue of which both firm as well as its individual partners were made exigible to tax in the manner provided therein. as a result thereof, ..... a building was constructed at khazanchi road, patna, which was originally shown as exclusively belonging to dr. (mrs.) leela prasad. there was a search operation under section 132 of the it act, 1961 in the residential premises of dr. narendra prasad/dr. (mrs.) leela prasad and at alok nursing home. after the search, dr. narendra prasad and dr, (mrs.) leela .....