Judgment Search Results Home > Cases Phrase: sashastra seema bal act 2007 section 120 trial of person not complying with conditions of pardon Court: income tax appellate tribunal itat mumbai Page 1 of about 2 results (0.530 seconds)

Wallfort Shares and Stock Brokers Vs. Income-tax Officer [Alongwith

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... and appellant earned dividend income at rs. 1,82,12,862/- which was not taxable in view of section 10(33) of the income-tax act.particulars purchase sale gain/loss dividend date amount date amount date amountunits of 24.3.00 80000000-------------------------------------------------------------------------------- 29.3.00less 2376778 27.3.00 59055207. ..... investment. g) dividend is distributed from accumulated profits of a company with reference to its subscribed share capital in accordance with the provisions of companies act; whereas mfs distribute income from its 'equalization reserve' comprising profits and premium charged on sale of units as per sebi regulations." 35. the ..... assessee filed appeal before the learned cit(appeals). the assessee submitted that units of mutual funds were regulated by an independent body constituted under the act of parliament, viz., sebi. the assessee had followed the prescribed procedure and the transactions with the mutual funds were at arms length. the .....

Tata Chemicals Limited Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1998)67ITD56(Mum.)

..... - vii s. p. pandey - promoted14. g. c. negi app. authority audit - iii kamlesh argal - promoted16. prakash chandra dc(osd) sett. comm. h. c. sakharwal - promoted17. mrs. seema dc(osd) sett. comm.v. k. bakshi k. patra18. l. r. singh dc(hq) admn.ddi, unit - ii karn singh - promoted19. sudhir chandra sr. a. r. cent. rg. ..... would be that mr. tralshawala's appointment as "authorised representative' is invalid, and the further consequence would be that he cannot validly appoint mr. modi "to act" for him.28. arguments were advanced by both sides on the question whether the requirement that the notification should be gazetted is a mandatory requirement or is ..... , where the cleavage between the original and appellate jurisdictions continued to be marked due, as we have seen, to historical reasons, the functions of pleading and acting, which a legal practitioner normally combines in his own person were bifurcated and assigned, following 'the usage and the peculiar constitution of the english bar' (per .....

Videsh Sanchar Nigam Ltd. Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)111ITD190(Mum.)

..... order.72. the question for consideration of the special bench is whether the assessee is entitled to exemption under section 80-ia of the it act, 1961 (act) in respect of the profits derived from the activity carried on by the assessee through the earth stations set up by it. since ..... private parties in view of the advanced technology of cellular phones. new enactment also came into existence i.e., telecommunication regulatory authority of india act, 1997 (trai). this act defines the expression "telecommunication services" as under: telecommunication services means service of any description (including, electronic mail, voice mail, data services, ..... regulation, 2003 notified by trai has included long distance services (std/isd) throughout the territory of india into basic telecommunication services. 7. the indian telegraph act, 1885 has defined telecommunication as any transmission, emission, reception of signs, signals, writing, images and sounds or intelligence of any nature by wire, radio .....

Deputy Cit Vs. Haria Exports Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)112ITD203(Mum.)

..... arrangements, rupee equivalent of the export proceeds received by the sister concerns in its export turnover while calculating deduction under section 80hhc of the income tax act. the aforesaid findings recorded in the assessment order are not in dispute. the assessing officer confronted the assessee with the aforesaid position. in reply, ..... within the stipulated period. according to him, the assessee might not have received the sale proceeds of the exports made through the sister concerns acting as agents in convertible foreign exchange in india but it had certainly brought the said proceeds in convertible foreign exchange into india within the stipulated time ..... to public policy. he emphasized that any agreement, which was illegal or opposed to public policy, was void and therefore incapable of being enforced or acted upon. (vi) inviting our attention to the agreements with the sister concerns, the learned departmental representative submitted that the agreements contained a clause to the .....

Rubab M. Kazerani Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)97TTJ(Mum.)698

..... mou. the second party agreed to identify buyers for the property and to obtain, if necessary, clearance certificate under the provisions of the urban land ceiling act, 1976.the assessee conferred upon the second party irrevocable right to identify buyers to purchase the property and it was agreed that the second party shall not ..... and prejudicial to the interests of the revenue. he, therefore, passed the following order: "hence, the assessment order under section 143(3) of the act is hereby cancelled and the ao is being directed to examine the correct taxability of the capital gain after making necessary enquiry regarding the fair market value of ..... submitted that the ao has not conducted detailed inquiry nor passed a detailed order. therefore, the cit was right in assuming jurisdiction under section 263 of the act. on the other hand, learned counsel distinguished the facts of the case in the decisions referred to by the learned departmental representative in the case of amalgamations .....

Dy. Cit, Range 3(1) Vs. Dwarkaprasad Anil Kumar

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)110ITD247(Mum.)

..... and in the case of cit v. john fowler (india) ltd. . hence it was clear that where approval of specific authority was required to perform any act the act could not be termed to have been performed prior to the said approval. further it was held by the hon'ble bombay high court in the case of cit ..... , who along with other two investment companies, viz., pnit and scrm were family controlled companies of agarwals through tshl, a company incorporated under the mauritius companies' act, 1984. the shares of tshl were held by shri dwarkaprasad agarwal and shri agnivesh agarwal in the ratio of 50 per cent each. these three investment companies ..... in turn made investment in shares of siil and malco. it was contemplated that the investment companies be liquidated under the voluntary dissolution provisions of the companies act, 1956. on liquidation, the assets and the liabilities of the investments companies will be distributed in specie to the shareholder namely tshl and thereafter the shares .....

income Tax Officer Vs. Estate of Late K. S. Engineer

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... legal representatives other than executors. as regards the assessment of executors, the high court noticed that a separate provision has been made in s. 168 of the new act. after noticing the provision, the high court proceeded to examine the tribunal's conclusion that the arrears of fees cannot be regarded as the income of the estate ..... executors under the will. the deceased was to act as a life director for a company. as per the agreement, upon termination thereof, summersgill or his legal heirs or executors were entitled to a proportionate part of his ..... heirs is concerned, it is necessary to briefly notice the facts in the decision which he cited [late f.summersgill (supra)]. there, the case arose under the 1922 act for the asst. yr. 1958-59. the assessees were the executors of the estate of late frank summersgill. regenold mathalane and k. v. parekh were appointed as the .....

Ms. Rubab M. Kazerani Vs. the Jt. Commissioner of I.T.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2004)91ITD429(Mum.)

..... that the assessing officer has not conducted detailed inquiry nor passed a detailed order. therefore, the cit was right in assuming jurisdiction under section 263 of the act. on the other hand, learned counsel distinguished the facts of the case in the decisions referred to by the learned departmental representative in the case of amalgamations ..... transaction which allows possession to be taken/retained in part performance of a contract of the nature referred to in section 53a of the transfer of property act, 1882, and any transaction entered into in any manner which has the effect of transferring or enabling the enjoyment of any immovable property. similarly using the ..... to an end after the building was constructed. the income-tax officer granted registration to the petitioner-firm under section 184 and 185 of the income-tax act, 1961, and for the very first year of assessment 1971-72, made assessments accordingly. the cit found that the assessing officer had not made sufficient enquiries .....

The Dcit Vs. Tata Investment Corporation Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... from which is earned by way of dividend income and interest income. the dividend income is exempt from tax under the provisions of section 10(33) of it act. as admitted by the assessee during the course of assessment proceedings 57.34% of the total income is attributable to dividend income. accordingly, the assessee had in ..... no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income under this act: provided that nothing contained in this section shall empower the assessing officer either to reassess under section 147 or pass an order enhancing the assessment or reducing ..... assessee company had received gross dividend of rs. 2679.29 lakhs, which was claimed as exempt under the provisions of section 10(33) of the i.t. act. no part of expenditure had been allocated towards the earning of this income.the assessing officer invoking the provisions of section 14a requisitioned the assessee company to explain .....

institute of Banking Personnel Vs. Assistant Director of Income-tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1998)67ITD160(Mum.)

..... it reads as follows : "the dissolution of the society and adjustment of its affairs shall be in accordance with sections 13 and 14 of the societies registration act (act xxi of 1860) as amended from time to time, or in accordance with the provisions of any other law relating thereto. we, the several persons whose names ..... the memorandum prohibiting the appellant society to distribute profits but the dissolution has to be done in accordance with sections 13 and 14 of the societies registration act and underthese sections on the dissolution of the society, any surplus remaining shall be given to some other society and no member is to receive profit on ..... then there is no other charitable activity being carried on. (4) the income received for rendering specific services is correctly includable under the provision of income-tax act. (5) since the trust is conducting the activities they are not charitable and, therefore, the institution is not eligible for the benefit of exemption under section .....