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 .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Ahmedabad
Reported in : (2008)113TTJ(Ahd.)300
..... shall sign as instructed by the developer. (clause 6) (vii) in the course of development, if any customer (member) desires to borrow funds/loans from any financial institution, the landowner agrees to execute the documents in the office of sub-registrar as required. (clause 7) (viii) the landowner agrees to be a signatory in the sale ..... legislature w.e.f. 1st april, 2000 and the same reads as under : liberalization of tax holiday to approved housing projects. under section 80-ia of the it act, profits of approved housing projects where the development and construction commences on or after 1st oct., 1998 and is completed by 31st march, 2001 are fully deductible. ..... v. podar cement (p) ltd. , the supreme court has elaborately discussed and defined the word "owner" and finally held as under: section 32 of the it act confers a benefit on the assessee. the provision should be so interpreted and the words used therein should be assigned such meaning as would enable the assessee securing the .....
Tag this Judgment!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 .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Ahmedabad
Reported in : (2008)113TTJ(Ahd.)918
..... amount received on redemption would always be liable to tax deduction at source as per normal provisions of the it act. however, no tds is required on interest payable on government securities, and bonds issued by an institution, authority, public sector company or cooperative society can also be exempted from the requirement by notification.30. we have ..... has approached this court and has submitted that the tribunal was wrong in upholding the ao's order. he has relied upon the decision of this court in national thermal power co. ltd. v. cit , to contend that it was open to the assessee to raise the points of law even before the tribunal. the ..... 119. any such opinion cannot bind the it authorities who have to decide the question on its own merits uninfluenced by extraneous considerations." (e) in the case of national thernval power corporation ltd. v. union of india , wherein it was held that opinion of the central board of direct taxes (cbdt) expressed in its administrative capacity, .....
Tag this Judgment!