Judgment Search Results Home > Cases Phrase: road transport corporations act 1950 section 31 power to the corporation to spend Court: income tax appellate tribunal itat delhi Page 1 of about 3 results (0.168 seconds)

Apparel Export Promotion Council Vs. Assistant Director of Income-tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1996)57ITD609(Delhi)

..... section 3 of the act and are reproduced by their lordships at page 8 of the report. the main ..... liability under section 11 of the act." in the case of cit v. andhra pradesh state road transport corpn. [1986] 159 itr 1 (sc), the question of exemption of income of andhra pradesh state road transport corporation under section 11 of the income-tax act was involved. the said road transport corporation was established under section 3 of the road transport corporation act, 1950. the objects for which corporation was established are set out in .....

Market Committee and ors. Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)94TTJ(Delhi)692

..... , 1950, has been treated as a charitable institution under section 2(15) of it act (see andhra pradesh state road transport corpn. v. cit (1975) wo itr 392 (ap)]. we shall ..... act after fulfilling certain prescribed conditions. the local bodies like market committees/boards created under an statute can be charitable institution depending upon its object and activities with overriding condition that these were not created for profit. andhra pradesh state road transport corpn.established under road transport corporation act ..... . it was further submitted that chartered accountants society created under a statute, sport bodies, federation of chamber of commerce, other chambers, transport corporations created under statutes, trade associations, etc., have been treated as charitable institutions by different high courts and the hon'ble supreme court .....

Deputy Commissioner of Income Tax Vs. Royal Jordanians Airlines

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)283ITR28(Delhi)

..... who claimed exemption.36. the learned cit-departmental representative referred to the judgment of the hon'ble supreme court in the case of andhra pradesh state road transport corporation v. ito (supra). in that case the hon'ble apex court dealt with the doctrine of immunity of state agencies or instrumentalities from taxation by ..... company.jordanian companies law was totally different. he referred to article 6 and pointed out that even partnership could be part of the companies act. article 8 referred to the corporation fully owned by the government of the kingdom. hence while applying indian standards, this distinction was required to be kept in view. ..... from local courts in all circumstances except those specified in other provisions of the convention. those circumstances include most of those which would be regarded as acts jure gestionis, as well as certain others, such as waiver of immunity, which are generally admitted to permit proceedings against a foreign state." the learned .....

Escorts Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2007)104ITD427(Delhi)

..... grounds incorporated in the memorandum of appeal filed by the other side, the evidentiary facts, in support of new ground must be available on record.up state road transport corporation v. itat and ors. where it was held that in the appeal before tribunal no ground was set up to contend that the activity of assessee was ..... control over the assets of the delhi society by circumventing the provisions of law, including the act. that the corporate veil can be lifted to gather the real intention and purpose and also to ascertain the real person behind the corporate veil. the ao has referred to some decided case laws in this regard wherein it has ..... , stated that he was never informed about the proposed merger of the delhi society with the chandigarh society. thus the provisions of section 12 of the societies registration act, 1860, were violated. (c) the minutes books of the chandigarh society found during the course of survey by the investigation directorate, chandigarh, revealed that the minutes .....

Dcit Vs. Indag Rubber Limited

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)98ITD218(Delhi)

..... this case is directed against deletion of the disallowance of rs. 1,70,74,0007- claimed by the assessee as liability payable to m/s. rajasthan state road transport corporation. facts of the case leading to this ground of appeal briefly are that the assessee company entered on 24.7.1991 into an agreement with rajasthan state ..... 74,0007- and added to the income shown by the assessee.4. during the course of appeal before the ld. cit (a), the assessee submitted that under the arbitration act, 1940, there were two kinds of arbitration viz. (a) arbitration without intervention of court and (b) arbitration with intervention of court. the arbitration in the case of ..... ground of appeal is, therefore, rejected.27. ground of appeal no. 3 is directed against deletion of the interest charged under section 234a, 234b and 234c of the act. on perusal of the assessment order, we find that there is a categorical finding of the ld. assessing officer that interest should be charged under section 234b. the words .....

Haryana Coach Body Builders Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Delhi

..... the assessee, during the year built body of the buses on the chassis supplied by two state government undertaking, namely, andhra pradesh state road transport corporation (apsrtc) and gujarat state road transport corporation (gsrtc).3. the learned commissioner found that the assessing officer selected the case for scrutiny assessment under section 143(3) on the following ..... though one-fifth of the car expenses has been disallowed depreciation on the car has not been disallowed in terms of section 38 of the act. though the subject matter of disallowance of vehicle expenses is considered by learned commissioner (appeals), the issue regarding disallowance of depreciation was not before ..... 263 by mentioning that no proper enquiry was made. hence, we cancel the order passed by commissioner under section 263 of the income tax act." 5. learned commissioner dr smt. deepali bahadur entirely relied upon the order of revision. she submitted that commissioner never mentioned that the details were .....

iqbal Chand Khurana Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

..... below needs to be quashed. the assessee has placed reliance on the following decisions :cit vs. bangalore animal food corporation (1992) 194 itr 242 (kar); (8) cit vs. rai bahadur hardutt roy motilal chamaria (1967) 66 itr 443 (sc); (13) bihar state road transport corporation vs. cit (1986) 162 itr 114 (pat); (16) sat paul d. agarwala (huf) vs. asstt ..... all the assessment years or any existing liability falling within that period upto the date of search. however, the department could act according to the direction of the asseessee in adjusting the seized amount towards any of the taxes payable by him during the previous year only when the ..... have claimed a refund in case no liability was found payable and he would have been entitled to interest as per provisions of s. 132b(4) of the act. as such, there was (sic) the department to make a suo motu adjustment prior to determination of liability on completion of regular assessment or reassessment for .....

iraqi Airways Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1987)23ITD115(Delhi)

..... state under article 289 of the constitution. considering this plea the supreme court held that the road transport corporation has a personality of its own distinct from that of the state or other shareholders. the income derived by such corporation from its trading activity cannot be claimed by the state and it was, therefore, not ..... airways was not a department of the government of iraq but it was a commercial undertaking acting independently and earning income in various countries. such an organisation was liable to tax as in other commercial organisation or corporation or company.14. the rival submissions lead to two issues on this aspect of the ..... assistant commissioner could not verify the bills and vouchers for making any worthwhile investigations to compute the world income with reference to the indian income-tax act. according to him, mere acceptance of the statement of accounts without making any inquiry and investigation was not proper.according to the learned cit (appeals .....

Milestone Tyres (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1988)27ITD18(Delhi)

..... like a mining lease. suppose the assessee had been able to procure contracts for the supply of retreaded tyres or retreading of tyres of almost all the road transport corporations in the country and agrees to pay commission to the persons, who procure this business for it, that expenditure could not be said to be capital expenditure ..... also in retreading the tyres which process stopped a little short of manufacturing. the assessee utilises machinery for doing its business. thus under section 32a of the it act, 1961 the assessee appears to be entitled to investment allowance. in any case there is nothing against the assessee in the language of the said section. the ..... investment allowance in the following manner: the assessee also claimed investment allowance in respect of the machinery purchased this year under section 22a of the income-tax act. the nature of the business of the assessee is retreading of tyre. according to the provision of section 32a, allowance is given only if the assessee .....

Punjab National Bank Vs. Dcit

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)280ITR270(Delhi)

..... as at the specific rate plus interest tax being charged separately. the following instances of interest rates mentioned in the aforesaid circular fortifies this position:i) loans to smaller road transport 15.50% + interest tax.operators up to 10 vehiclesii) education loan 15% + interest tax.iii) trading advances (working capital) plr + 2.50% + interest ..... tax. the new tax will be levied on the gross amount of interest received by all banks, financial institutions and non banking financial companies in the corporate sector on loans and advances made in india. these institutions would reimburse themselves by making necessary adjustments in the interest rates charged from borrowers. the proposed ..... by the appellate company, even then no deduction on this account can be allowed as no such deduction has been provided for in the interest tax act. the argument that interest tax would not form part of interest earned by the appellant company also cannot be accepted because any interest earned by the .....