Judgment Search Results Home > Cases Phrase: national capital region planning board act 1985 Court: allahabad Page 14 of about 143 results (0.459 seconds)

Mudit Refrigeration Industries Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2003)84ITD289(All.)

..... 80, the assessee had received a sum of rs. 37,500 as subsidy from the kerala state government for producing new regional films. in the return filed by the assessee, this amount was shown as a capital receipt but the cit invoked the powers available under section 263 of the it act, 1961, for enhancing the assessment. the cit ..... state government where the applications for licence to construct cinema have been submitted from 1st jan., 1984 to 31st march, 1990, on the condition that the site plans for cinema halls have been submitted for approval/sanction on 1st jan., 1983 or thereafter subject to certain conditions. one of the conditions was that cinema hall ..... the help of this media the persons residing in those backward areas were made aware of the recent developments of science and technology. this is a purpose of national interest and for achieving this purpose, the state government has granted subsidy or grants-in-aid. the assessee, therefore, claimed before the ao that subsidy granted by .....

Gorakhpur Petro Oils Ltd. Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2005)95TTJ(All.)489

..... like to consider the decisions relied upon by the additional standing counsel appearing for the revenue. (a) decisions in case of national insurance company ltd. (supra) and sardar harvinder singh (supra) were considered by tribunal, allahabad 'a' bench, in case ..... ,29,600 44,000 46,50,00031st march, 1996 2,74,79,600 51,50,000____________________________________________________________________________ b. share capital (as received from s/shri pawan kumar bindal, vishwanath prasad____________________________________________________________________________31st march, 1995 5,11,000________________________________________________________________________________________________________________________________________________________31st march, 1993 neelendra ..... cash credits and the undisclosed income of the assessee-company brought into the business in the form of share capital allegedly subscribed by these companies. the following discrepancies were noticed in these share transactions : (i) no .....

D.P. Kanodia Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (1991)36ITD346(All.)

..... with the sole purpose of making investments in gold bonds and there is no evidence on record to substantiate the said contention that they all conspired together in a very planned manner to adopt this tactics to earn huge profits and also thereby to avoid the payment of tax. in our opinion, the decisions arrived at by the tribunal of ..... which involved an investment of nearly rs. 2 crores and on the basis of the alleged huge investment by the whole group it has been held that this was a planned state of affairs and the entire dealings were nothing but an adventure in the nature of trade. a little careful scrutiny of the entire facts will show that the whole ..... , provided that any amount received from the government on the deposit of gold ornaments in the form of national defence gold bonds will be exempt from income-tax. in para 5 of the said order, the bonds were exempt from wealth-tax and any capital gains from the sale of transfer will not be subject to income-tax. it was further provided .....

Megh Singh Vs. State of U.P. and Others

Court : Allahabad

..... to the provisions of a statute on the very elusive ground that to give them their ordinary meaning leads to consequences which are not in accord with the nations of propriety or justice......" 34. applying the aforesaid principles of interpretation and unambiguous language of section 11a would lead to only one irresistible conclusion that section 11a ..... to that effect shall be published in the official gazette (land in two daily newspapers circulating in that locality of which at least one shall be in the regional language) and the collector shall cause public notice of the substance of such notification to be given at convenient places in the said locality (the last of the ..... other territorial division in which the land is situate, the purpose for which it is needed, its approximate area, and, where a plan shall have been made of the land, the place where such plan may be inspected. (3) the said declaration shall be conclusive evidence that the land is needed for a public purpose or for a .....

Raj Kumar Singh and Co. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (1994)51ITD628(All.)

..... free to be utilised by the business as it likes and assets equalling reserves are not required to pay liabilities. also, reserves indicate that, taking into account the capital brought in cash into the business by the proprietor and the sums owed to outsiders, there is surplus of assets. the surplus really is measured by the amount of ..... were not for the purposes of business. therefore, so long as there is no overdrawal of the partners, the withdrawals by the partners to the extent of the capital or credit balance could be permitted.16. the ahmedabad bench had followed the decision of the hon'ble bombay high court in kishinchand chellaram v. cit [1978] 114 ..... court in the case of gopikrishna murlidhar (supra), had held as under : the assessee, a hindu undivided family, which carried on business on an extensive scale with a capital of about rs. 20 lakhs, made large borrowals during the relevant year for the purposes of the business and paid interest amounting to rs. 93,611. in the course .....

Sahara India Mutual Benefit Co. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Allahabad

..... the same after making proper enquiries and then only should have exercised his powers under section 263. even otherwise, if the receipts under these two schemes were considered as capital receipts than also the so-called lapsed or unclaimed matured accounts along with interest provided on them, if any, being taxable in the year the assessee closes the account, ..... that it was received in april, 1959, and as such, was to be considered in the asst, yr. 1960-61 only.the ito, thereafter, assessed this amount as capital gain in the asst.yr. 1960-61. an appeal was filed by the assessee against the aforesaid inclusion and the aac deleted the addition on the ground that the amount ..... of interest expenditure of rs. 16,87,88,857 claimed by the assessee (para 8). (iv) the ao had further noticed that the assessee had given a working capital of 2.5 crores without any interest to its collecting agent, namely, sahara india firm. the ao came to the conclusion that the interest bearing funds had been utilised .....

M.P. Udyog Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (1989)28ITD85(All.)

..... engaged in the business of manufacture and sale of sugar. it also had a cold storage plant and steel foundry. on 10th october, 1968, a news item appeared in the 'national herald' in which it was stated that the state of uttar pradesh had decided to give exemption from sales tax for a period of 3 years under section 4a of ..... under the above section. he also did. not accept the assessee's claim under section 37(1) of the act mainly because he thought the expenditure to be on capital account and also because the expenditure falling under section 37(1) should not be the expenditure of the nature described in sections 30 to 36 of the act. the commissioner ..... to enter into a new line of production within the investment limit of about rs. 25 lakhs to rs. 30 lakhs. the income-tax officer treated the expenditure on capital account as referred to in section 35d of the act. this section refers to an expenditure in connection with the extension of the assessee's industrial undertaking or in connection .....

All India Children Care and Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Allahabad

..... tribunal in the case of city montessori school in what the "document on social, moral and spiritual values in education" as brought out by national council of educational research and training (ncert) and document brought out by planning commission were referred. according to the learned counsel if the objects of the assessee-society are examined in the context of social, moral and ..... spiritual values in education brought out by ncert and document brought out by planning commission, then all the objects of the society are for educational purposes. as regards working women hostel, no such activity was carried on by the assessee-society at its own .....

Monga Metals (P) Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Allahabad

..... on the case of assessee are themselves suggesting that the undisclosed transactions are quicker, faster and mostly in cash. therefore, the identical principles for working capital as in the case of regular books of accounts cannot be exactly applied in the case of undisclosed business. it is seen that the assessee has ..... assessee. assessee further argued that since against the undisclosed turnover, these investments would not be required, by applying this principle, no additional requirement of working capital is called for to transact the undisclosed business. inter alia it was argued that the credit transactions in steel trade are very common and assessee could ..... of current assets and current liabilities was around 23,00,000. in the normal principles of accountancy this is supposed to be the requirement of working capital to run the disclosed business of the assessee to the tune of rs. 6 crores approximately (excluding trading transactions of around 4 crores approximately). assessee .....

Smt. Shobha Sharma and anr. Vs. State of U.P. and ors.

Court : Allahabad

..... was another category of employee known as social workers with graduate qualification in social science in the payscale of 120-220. social workers were designated as family planning health assistants, payscale 160-320. with effect from 23.7.1981 multipurpose workers scheme sponsored by the central government was launched in which the basic heath workers ..... facts of special appeal no. 9 of 1998 for deciding these appeals. the health department of state of u.p. had two categories of the staffs to implement national malaria eradication programme namely; (a) house visitor pay scale of 80-140 (b) surveillance inspectors and malaria inspectors pay scale rs. 120-220. vide order dated ..... . it is submitted that the basis of the division bench judgment could not be changed by the legislature by enacting the act by keeping the family planning health supervisors in different categories retrospectively. it is submitted that the division bench by its judgment issued mandamus on the bais of the rights of the .....