Judgment Search Results Home > Cases Phrase: sashastra seema bal act 2007 section 147 computation of period of sentence Court: income tax appellate tribunal itat hyderabad

Assistant Commissioner of Income Vs. Kanchanganga Seeds Co. (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2002)81ITD152(Hyd.)

..... by the assessee, and one cross-objection filed by the assessee. all these appeals arise out of the respective assessments completed under section 143(3) of the it act, 1961.2. the assessee-company is deriving agricultural income as well as earning business income under its agricultural division and commercial division respectively. while doing so, ..... whether the r&d expenditure has to be absorbed fully in the agricultural division or in the commercial division of the assessee-company for the purpose of it act? 10. shri k.r. meena, the learned senior departmental representative appearing for the revenue, contended that the r&d expenditure has necessarily to be allocated ..... the said expenditure has to be deducted out of agricultural income and could not be considered as an item deductible in the computation of taxable income under the it act. the learned senior departmental representative relied on the decision of the hon'ble supreme court in waterfall estates ltd. v. cit (1996) 219 itr 563 .....

Power Grid Corporation of India Vs. the Asst. Commissioner of I.T.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2007)112TTJ(Hyd.)654

..... the commissioner (appeals) while holding that the contracts entered into by the appellant are works contract, lost sight of the relevant provisions of the income tax act, 1961, valid lesls and guidelines laid down by various benches of income tax appellate tribunal, the jurisdictional high court/other high courts as well as the hon ..... that the contracts entered info by the assessee were "works contract". the appeal was partly allowed to the extent of tds under section 201 of the act on supply portion in case the. appellant establishes to the satisfaction of assessing officer that the respective contractors engaged for supply of material as per specification have ..... the specific need of the assessee, the contract in whole is a works contract. the assessing officer accordingly raised a demand under section 201(1) of the act.2.1 aggrieved, the assessee filed appeal before the commissioner of income-fax (appeals), hyderabad. the assessee had raised similar contentions that were raised before the .....

Transmission Corpn. of Ap. Ltd. Vs. Acit [Alongwith Sp Nos. 25 to

Court : Income Tax Appellate Tribunal ITAT Hyderabad

..... recovery of demand disputed in reference before the high power committee. there is nothing before us to indicate that ao or other officers of the department would act in defiance of assurances of cabinet secretary and directions of hon'ble supreme court and in spite of pending reference before the high power committee, the demand ..... economy as they have to obtain clearance to defend themselves against huge tax demands. yet another licensing authority is created as the "committee on disptiters" is never acting as a settlement and reconciliating authority, but just a high power permitting authority.14. it may not be out of place to take notice that what is ..... to the public interest as it also entails avoidable wastage of public money and time. various departments of the govt. are its limbs and, therefore, they must act in coordination and not in confrontation. filing of a writ petition by one department against the other by invoking the extraordinary jurisdiction of the high court is not .....

Transmission Corpn. of Ap Ltd. Vs. Asstt. Cit, Circle (2)

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2005)97ITD171(Hyd.)

..... of demand disputed in reference before the high power committee. there is nothing before us to indicate that assessing officer or other officers of the department would act in defiance of assurances of cabinet secretary and directions of hon'ble supreme court and in spite of pending reference before the high power committee, the demand ..... as they have to obtain clearance to defend them-selves against huge tax demands. yet another licensing authority is created as the "committee on disputes" is never acting as a settlement and reconciliating authority, but just a high power permitting authority.it may not be out of place to take notice that what is contemplated ..... the public interest as it also entails avoidable wastage of public money and tinie. various departments of the govt. are its limbs and, therefore, they must act in coordination and not in confrontation. filing of a writ petition by one department against the other by invoking the extraordinary jurisdiction of the high court is not .....

G.K. Kabra Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2003)87ITD249(Hyd.)

..... assessee did riot have any record of the cylinders loaned to the final consumers and for that reason also, the said decision is distinguishable from the f acts of the present case. as already mentioned, the case of the department before us, has not been whether the security deposits received are sale proceeds of ..... the commissioner (appeals). in support of this plea, our attention was invited specifically to the following provisions of gas cylinder rules, 1981 issued under the indian explosives act, 3. filling, possession, import and transport of cylinders.(1) no person shall fill any cylinder with any compressed gas of import, possess or transport any cylinder ..... 1994-95 observed that the so-called loan of cylinders was actually a sale transaction.he observed that sale of cylinders was not allowed under indian explosives act, and hence the loaning was undertaken to conceal the transaction of sale. according to him, though the assessee described the transaction as of loaning of cylinders .....

Dillu Cine Enterprises (P.) Ltd. Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2002)80ITD484(Hyd.)

..... that the transaction can be attributable to various exigencies and vissitudes of business and thus constitutes a "reasonable cause" as contemplated by section 273b of the act, as the company had issued certain cheques and as they were coming up for encashment. the active director of the company considered it expedient to deposit ..... the departmental circular no. 56, dated 9-3-1971 : time-limit for completion of penalty proceedings - section 275 of the income-tax act which specified the time-limit for completion of penalty proceedings has been substituted by a new section. under the existing section, penalty proceedings for concealment of income ..... cases where the quantum assessment has a bearing on the penalty and the violation. the legislature amended section 275 through section 50 of taxation laws (amendment) act, 1970 (42 of 1970) newly prescribing a limitation period for imposition of penalty. the change in law has been elaborately explained in the following portion of .....

A.P. Power Generation Vs. the Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2007)105ITD423(Hyd.)

..... international trade involving large magnitude of trading operations. the tax authorities will do well to make an accelerated assessment on nonresidents under section 194 of the act, should circumstances require such a course in order to ensure that the non-residents get back expeditiously excess amounts of tax, if any, deducted at ..... payment covered within the expression "any other mode" contained in the provisions of section 195(1). therefore, the provisions of section 195(1) of the act are squarely attracted.8. the agreement in question was between the assessee and sumitomo corporation. the duties and liabilities between the parties were governed by these ..... tax as it had not approached the assessing officer. the commissioner (appeals) rejected the contention of the assessee that provisions of section 195 of the act did not apply on the ground that there was constructive payment in favour of sumitomo corporation. he then considered the provisions of double taxation avoidance agreement .....

Power Grid Corpn. of India Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2007)108ITD340(Hyd.)

..... . the commissioner (appeals) while holding that the contracts entered into by the appellant are works contract, lost sight of the relevant provisions of the income-tax act, 1961, valid tests and guidelines laid down by various benches of income-tax, appellate tribunal, the jurisdictional high court/other high courts as well as the ..... that the contracts entered into by the assessee were "works contract". the appeal was partly allowed to the extent of tds under section 201 of the act on supply portion in case the appellant establishes to the satisfaction of assessing officer that the respective contractors engaged for supply of material as per specification have ..... the specific need of the assessee, the contract in whole is a works contract. the assessing officer accordingly raised a demand under section 201(1) of the act.2.1 aggrieved, the assessee filed appeal before the commissioner of income-tax (appeals), hyderabad. the assessee had raised similar contentions that were raised before the .....

Fenoplast Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2002)82ITD178(Hyd.)

..... the said definition, undisclosed income is that income which has not been or would not have been disclosed by the assessee for the purposes of it act. the subject of undisclosed income has to be considered separately from income or loss considered in the regular assessments. therefore, undisclosed income is sufficiently insulated ..... ao is correct in treating the current year's unabsorbed depreciation as loss' for the purpose of computation of undisclosed income under section 158bb of the it act, 1961?" (2) "whether block assessment can be framed where 'aggregated total income (including undisclosed income) determined under section 158bc for each assessment years ..... is correct in treating the current year's unabsorbed depreciation as loss' for the purpose of computation of undisclosed income under section 158bb of the it act, 1961 (2) whether block assessment can be framed where aggregated total income (including undisclosed income) determined under section 158bc for each assessment years .....

Vishal Infrastructure Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2007)104ITD537(Hyd.)

..... that the assessing officer was not in dispute with the method of accounting followed by the assessee or compliance with the accounting standards prescribed under the income-tax act. the only dispute, which made him invoke section 145(3) was the assumption that the assessee's accounts were incomplete and incorrect. however, he could ..... business activity. (5) site-wise profit & loss accounts will never form part of prescribed financial statements of the law as per schedule vi of the companies act, 1956 or the prescribed books of account. mis related information cannot be misinterpreted by the assessing officer to draft undue adverse inferences. on the other hand, the ..... contention of the assessee is that though the assessing officer had no dispute about the method of accounting or compliance with the accounting standards prescribed under the act, the sole ground which provoked the assessing officer to reject the books and estimate the profit, was the assumption that assessee's accounts were not .....