Judgment Search Results Home > Cases Phrase: jute companies nationalisation act 1980 chapter i preliminary Sorted by: recent Court: income tax appellate tribunal itat delhi Page 1 of about 4 results (0.100 seconds)

Mange Ram Mittal Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Delhi

..... shri mange ram was the controlling hand of the liquor business on behalf of benamidars and that he was not an employee of m/s. mittal & company.55. the learned counsel further argued that there were serious allegations against the assessing officer having pressurized certain witnesses to give statements against the assessee. those ..... or statement given by a party/witness constituted an independent evidence of fact and unless there was adequate material such statements were required to be acted upon. the commissioner departmental representative further argued that mere allegation that the statements were recorded under coercion and threats was not enough and it was ..... undisclosed income. we agree with the contention of the department that this estimation involves guess work. however, the assessing officer under chapter xiv-b cannot act arbitrarily while estimating the undisclosed income. in the present case, the assessing officer has not considered the adverse impact of the gulf war. in the .....

Kailash Moudgil Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2000)72ITD97(Delhi)

..... decision itself is administrative, dictated by policy and expediency. but the procedure is subject to the principles of natural justice, which require the minister to act fairly towards the objector and not (for example) to take fresh evidence without disclosing it to them. a quasi-judicial decision is therefore an administrative ..... ' necessarily involves discretionary power, which ordinarily is complete unless limited in some way. it generally implies knowledge and the exercise of discretion after knowledge, the act of passing judgment or the exercise of judgment, the use of discretion and the determination as a deduction therefrom, in some cases "approval" implies the ..... that giving approval does not involve judicial proceeding. when there is no judicial proceeding and when we have already held that it is an administrative act, there is no question of violation of principles of natural justice in not intimating the assessee before granting approval by the commissioner. the next contention .....

Godore Tools (India) (P.) Ltd. Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1988)25ITD193(Delhi)

..... equipment and machinery under this category would be linked to additional exports of a promotion nature...." similarly to neutralise the disadvantages of freight differential formation of indigenous shipping companies was encouraged and shipping corpn. of india was incorporated. railways also provided concessional tariff for carrying goods from the manufacturing centre to the port of loading.alexander ..... k.s. sheik mohideen [1978] 115 itr 243 (mad.) (fb); (4) nonsuch tea estates ltd. v. cit [1981] 129 itr 28 (mad.) ; (5) cit v. anglo india jute mills co. ltd. [1981] 129 itr 352 (cal.) and (6) cit v. modiram laxmandas (p.) ltd. thus, even if ie was a mere right (capital asset) its sale yielded income ..... referred to as the act) like relief under section 35 were being availed of.3. a revised return came to be submitted on 7-1-1980 reducing the taxable income to rs. 2,16,08,971 because commission payment of 3 per cent to selling agents came to be approved by the company law board in respect of .....

iraqi Airways Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1987)23ITD115(Delhi)

..... the decision in the case of baccus (s.r.l.) (supra) referred to above, the commentary further observes that the circumstance that the sovereign effectuate its nationalisation scheme through the medium of a corporate body does not mean that the sovereign government have deprived that particular corporation of the immunity, which normally attaches to a ..... in the commentary may be reproduced as relevant :- this principle is of great practical importance nowadays when nationalisation is in the air. if the government of a country in order to carry into effect its scheme of nationalisation of a particular industry, say, coal-mining or generation or distribution of electricity, incorporates a body which ..... the assessee under rule 10(i) the cit (appeals) referred to section 44b of the income-tax act wherein 7.5% of the indian turnover could be taken as the net income of the foreign shipping company. he adopted the same basis for determining the income of the assessee for these years. as this was .....