Judgment Search Results Home > Cases Phrase: nepali Sorted by: old Court: income tax appellate tribunal itat mumbai Year: 2008 Page 1 of about 3 results (0.064 seconds)

Nirmala P. Athavale Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)117TTJ(Mum.)353

1. This appeal is filed by the assessee and directed against the order of CIT(A)-XVII, Mumbai dt. 8th Dec., 2004 for asst. yr. 2001-02.2. We have heard both the sides and have also perused the materials placed on record and applicable legal position.3. In this appeal, the assessee is aggrieved by the decision of learned CIT(A) in confirming the gifts of Rs. 1,22,70,795 received by the assessee on his 80th birthday as his income from business and profession.4. Ground No. 2 is argumentative in nature in support of ground No. 1, hence, no specific decision thereon would be given as the same would be dealt with ground No. 1.5. The facts, in brief, are that the assessee is an individual who filed return of income showing income from other sources. As borne out from the assessment order, it is noted that assessee is a well known social reformer and philosopher and lacs of followers are spread all over the world. The AO from the note enclosed with the computation of income chart (found) that...

Asst. Commissioner of Income-tax Vs. Star India Pvt. Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)117TTJ(Mum.)577

1. These are the cross appeals by the Revenue as well as assessee which have been heard together and are being disposed off by the common order for the sake of avoidance.2. The major issue arising from these appeals relates to the claim of the assessee under Section 80HHF of the I.T. Act, 1961 (the Act). The first aspect of the issue in dispute is whether the claim of the assessee can be denied on the ground that there is loss in the export activity if the profits from export activity are computed on standalone basis by ignoring the results of other activities.3. Briefly stated the facts are these: The assessee company is engaged in (i) the business of producing television programmes and exporting the same to the foreign parties, (ii) acting as an agent for advertising sales for Star and Overseas media companies, and (iii) rendering services to media companies. In the year under consideration, the assessee claimed deduction of Rs. 12,97,67,452/- under Section 80HHF of the Act. In comp...

Mrs. Mudra G. Nanavati Vs. the Dcit

Court : Income Tax Appellate Tribunal ITAT Mumbai

1. The assessee and revenue are in cross appeals against the order of ld. CIT(A) Cen VII, dated 26/11/03 passed for the block period starting from 1/4/90 and ending on 24/8/2000.2. The ld. Counsel for the assessee at the very outset pointed out that in Ground No. 1 assessee has pleaded that notice under Section 143(2) of the Act was not issued within 12-months from the date assessee has filed the return. Therefore, as per the proviso appended to Section 143(2) the A O is precluded to pass the impugned order under Section 158BC of the A O. The assessment order deserves to be declared as null and void and not sustainable in law. The Ld. Counsel for the assesses while taking us through the facts submitted that a search under Section 132 of the Act was conducted at the residential premises of the assessee on 24/8/2000. It was concluded on 3/10/2000. A notice under Section 158BC was issued on 1/2/01. This was served upon the assessee on 10/2/01. In response to the notice assessee has field...