Judgment Search Results Home > Cases Phrase: national institutes of technology act 2007 section 18 registrar Sorted by: old Court: income tax appellate tribunal itat ahmedabad Page 1 of about 14 results (0.126 seconds)

Sarabhai Foundation Vs. Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1989)30ITD23(Ahd.)

..... consisted of a group of persons organising music concerts. the iac has disallowed it on the ground that the "samaj" was not registered as a charitable institution under the it act. he has observed : "how a payment to a group of individuals claimed to be involved in promoting indian classical music, both vocal and instrumental, can ..... assessee was requested to furnished various details regarding the stock of various articles like gramophone records, audio cassettes, air conditioners, furnitures and fixtures, articles of national importance which the assessee was displaying in the museum and was owned by the assessee for public or official use and even up to the date of the ..... preservation and display of ancient manuscripts and other objects of jain gallery : amount paid to shri o.p. sharma, art historian and curator of painting, national museum, delhi therefore, the expenditure must be said to be for setting up the museum. the learned standing counsel argued that the calico museum was not .....

Stock Exchange Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2000)74ITD1(Ahd.)

..... be granted only if the cit is satisfied that the trust or the institution is a charitable institution and its objects are covered as charitable as per the definition of "charitable purposes" contained under section 2(15) of the it. act. once the institution has been registered under section 12a it is for the assessing officer to ..... industry are aided and promoted by an efficient and developed capital market. in this view of the matter, various stock exchanges have been recognised as charitable institutions entitled to exemption under section 11. thus, the dominant objective of the assessee-exchange is clearly covered as a charitable object for the purpose of ..... under section 2(15) of the income-tax act. with the fast pace of industrialisation and the emerging recent trends of liberalisation and globalisation in the national economy, capital market would obviously be a potent tool for giving an impetus to development of commerce and industry. stock market, while regulating and controlling the .....

City Montessori School Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... the assessee and various case law and documents brought on record, indicate only in the direction i.e., the income of this educational institution has to be exempted under s. 10(22) of the it act, 1961, because it is existing solely for educational purposes and not for purposes of profit. at the risk of repetition, the reasons ..... cultural and domestic welfare of the people. 2. to help the people develop the spirit of natural help, love of labour, and spirit of service to the nation and to the humanity in general." the assessee's reply in this regard was that "document on social moral and spiritual values in education" is an authoritative publication of ..... national council of educational research and training (ncert) and this is official authoritative organ of educational policy, copy of which appears at pp. 104 to 159 of the .....

Stock Exchange, Ahmedabad Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... is to be completed within a routine and mechanical fashion by the cit without any scrutiny regarding the charitable nature of the trust or institution required to be registered under the it act. in the instant case the cit granted registration to the assessee-association vide order dt. 1st june, 1987 even though the application for ..... for the assessee and these grounds were not pressed for our adjudication. we would, accordingly, hold that the assessee-association is a charitable institution under s. 11(i) of the it act and would be entitled to exemption if the other conditions regarding application of income as per the provisions of ss. 11 to 13 ..... market is covered under the definition of 'charitable purpose' as contained under s. 2(15) of the it act. with the fast pace of industrialisation and the emerging recent trend of liberalisation and globalisation in the national economy, capital market would obviously be a potent tool for giving an impetus to development of commerce and industry .....

Rakshak Chemicals Pvt. Ltd. and Vs. the Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2005)98TTJ(Ahd.)357

..... is enjoined to deduct, from the amount of such dividend of the indian company, income - tax at the rates which are in force." "section 198 of the it act, 1961 specifically provides: that all sums deducted in accordance with the provisions of section 194 and the other sections shall, "for the purpose of computing the income of ..... conditions"; that by section 11(2) of the said act the legislature has provided for payment of liabilities towards tax and government dues and of financial institutions and banks and that the provision regarding distribution would be the only provision against the absolute claims and rights under prior contracts; that none of the rights ..... be given to the custodian and income tax authorities. such intimation to contain all relevant particulars. the amounts to be thereafter invested in fixed deposits in nationalized banks. this to be done within two weeks of deposit in separate account. the fixed deposits and interest earned thereon must be kept renewed until further .....

The Asstt. C.i.T. Vs. National Lamination Industries

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2007)109ITD181(Ahd.)

..... provide path for natural air and due to the changing flux noise and vibration are increased resulting in high decibel noise surrounding the transformers.41. veermata jijabai technological institute (vjti) [central technological institute, maharashtra state], matunga, mumbai - 400 019 also opined: the above mentioned party has approached this department to give technical opinion on their manufacturing activity, we ..... following amount of deduction under section 80ib @ 100% in their respective returns:---------------------------------------------------------------------si.name of assessee amount of deductionno. under section 80ib @ 100%---------------------------------------------------------------------1.m/s national lamination industries rs. 6,43,64,670/----------------------------------------------------------------------2. m/s alfa industries rs. 3,55,86,392/--------------------------------------------------------------------- facts and circumstances of both the cases are identical and .....

National Dairy Development Board Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2008)114TTJ(Ahd.)145

..... (iii) which is registered in accordance with the housing finance companies (nhb) directions, 1989 given under section 30 and section 31 of the national housing bank act, 1987 (53 of 1987); (c) 'public financial institution' shall have the meaning assigned to it in section 44 of the companies act, 1956 (1 of 1956); (d) 'scheduled bank' shall ..... activity as well. the dairy co-operatives to whom the assessee had advanced loans could not be covered even as an industrial unit for the purpose of it act, though it might be claimed that they were covered as an industrial unit under some other statute like industrial development regulation act which basically pertained to the ..... expenditures on grants etc. are not allowed under section 36(1)(xii) and all such expenditures are to be otherwise allowable under section 37(1) of the it act, there was no need to insert such new section providing specific relief to organizations, which are constituted under the central act (nddb act) to pursue the objectives .....

Core Health Care Ltd. Vs. Deputy Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... the p&l a/c prepared for the year under consideration. the accounting principle followed by the assessee is in accordance with the guidelines issued by the institute of chartered accountants of india in which it is clarified that all the expenses incurred for setting up a project including interest, salaries, travelling expenses and other ..... with regard to capitalisation of interest expenditure. therefore, the ratio of the decision cannot be made applicable after insertion of various explanations below s. 43(1) of the it act, 1961. (vi) it is to further add that the assessee has de-capitalised various expenditure pertaining to new project including the expansion of its capacity. in this ..... expenditure in its books of account, the assessee cannot now claim it as a revenue expenditure.reliance was placed on the decision in hinds vs. buenos ayres grand national tramways company ltd. (1906) 2 ch.d. 654 and the decision of the supreme court in the case of challapalli sugars ltd. vs. cit (supra). .....

Core Health Care Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... machinery were not used in the year of account. where the assessee claims deduction of interest paid on capital borrowed under section 10(2)(iii) of the it. act, all that the assessee has to show is that the capital which was borrowed was used for the purposes of the business of the assessee in the relevant ..... in the profit and loss account prepared for the year under consideration. the accounting principle followed by the assessee is in accordance with the guidelines issued by the institute of chartered accountants of india in which it is clarified that all the expenses incurred for setting up a project including interest, salaries, travelling expenses and other ..... capital expenditure in its books of account, the assessee cannot now claim it as a revenue expenditure.reliance was placed on the decision in hinds v. buenos ayres grand national tramways co. ltd. [1906] 2 chancery division 654 and the decision of the supreme court in the case of challapalli sugars ltd. (supra). relying on the .....

Surat District Co-operative Bank Vs. Income Tax Officer and ors.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2003)262ITR1(Ahd.)

..... (i) undertaking the administration of estates as executor, trustee or otherwise; (j) establishing and supporting or aiding in the establishment and support of association, institution, funds, trusts and conveniences calculated to benefit employees on ex-employees of the company or the dependents or connections of such persons; granting pensions and allowances ..... . this section should, therefore, be liberally construed to effectuate the aforesaid legislative object.21. the expression "banking activity" has not been defined in the it act. we will, therefore, have to make a useful reference to the relevant provisions contained in the banking regulation act, 1949, which have been made applicable ..... "provided that every co-operative bank, other than a primary co-operative bank, shall also furnish within the said period, a copy of the said return to the national bank." (iv) in sub-section (6), in clause (a) for the words "fourteen days", the word "thirty days" shall be substituted;" "24a power .....