Judgment Search Results Home > Cases Phrase: sashastra seema bal act 2007 section 23 disobedience to superior officer Sorted by: old Court: income tax appellate tribunal itat mumbai Page 1 of about 32 results (0.080 seconds)

Sunjoy Dairy Farm Vs. Second Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1985)13ITD219(Mum.)

..... .) where the tribunal held that the conversion of flat yarn into twisted yarn would amount to manufacture of a new article within the meaning of section 32 a of the act, in support of the contention that the assessee's business activity of converting the milk purchased from various sources into the brand product 'doodh amrut' amounted to manufacture or production ..... 1. this is an appeal filed by the assessee against the order of the commissioner, bombay, under section 263 of the income-tax act, 1961 ('the act').2. the assessee is a registered firm and the appeal relates to the assessment year 1978-79. we were given to understand at the time of hearing of the appeal .....

Piramal Sons (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1986)19ITD219(Mum.)

..... is a private limited company and the appeal relates to the assessment year 1978-79. the ito applied the provisions of section 40a(8) of the income-tax act, 1961 ('the act') and out of the claim of deduction of interest to various persons (other than banks) disallowed 15 per cent. before the commissioner (appeals) the assessee-company ..... supreme court in a number of judicial pronouncements has laid down that even though the words used in the definition of 'business' under section 2(73) of the act are wide, underlying each of them is the fundamental idea of continuous exercise of an activity, i.e., some real, substantive and systematic or organised course of activity ..... it incurred a loss in the business of exports, the net result being a very small income, which was offset by the deduction under section 80m of the act.proceeding further he submitted that the total investments of the assessee-company, according to the audited balance sheet of the company, at the end of the previous year .....

Michigan Engineers (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1986)19ITD45(Mum.)

..... industries, except those which are engaged in the manufacture of low priority items specified in the new eleventh schedule proposed to be inserted in the income-tax act. the bill does not make any distinction in this regard between small-scale industrial undertakings and other undertakings. hence, like any other industrial undertaking, a small ..... and not to restrict the concession to such undertakings. this contention of the learned counsel appears to be well founded. section 32a was inserted by the finance act, 1976, with effect from 1-4-1976 and has partially replaced development rebate in respect of ships, aircrafts or machinery and plants installed after 31-3 ..... shri s.p. menta reiterated the same submissions as made before the commissioner. according to him, section 32a(2)(b)(ii) as inserted by the finance act, 1977 is an enabling provision to extend the scope of investment allowance so as to entitle small-scale industrial undertakings to wider concessions and without restrictions. small .....

Rishi Gagan Trust Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1989)31ITD515(Mum.)

..... is also not of any assistance. in those decisions the tribunal was concerned with the merits of the addition in a regular assessment made under section 143(3) of the act. the gifts in these decisions were held to be genuine and accepted by the tribunal on the facts and circumstances prevailing in those cases. proper enquiries had been conducted by ..... he finalised the assessment.the cit has merely directed him to make fresh enquiries and complete the assessment according to law. this direction, the cit is entitled to give by acting under section 263 when he finds that the order has been passed by the ito without making proper enquiries.the power of the cit under section 263 is very wide ..... the bank account is obtained and kept on the record. copy of the account of central bank of india is obtained and kept on the record.2. the cit acting under section 263 was of the view that proper and full enquiries had not been made by the ito while accepting this gift and therefore, the order passed by him .....

Modern Mills Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1991)38ITD370(Mum.)

..... that the moneys were lent to the two debtor companies purely as a business proposition and that the same had become totally irrecoverable consequent upon the passing of the nationalisation act in the year 1974. he drew our specific attention to the position of law, as explained through cited decisions on pages 454 and 455 of the kanga & ..... the assessee, as per the assessee's books of accounts at the end of the relevant previous year. those two mills were nationalised by the sick textile undertakings (nationalisation) act, 1974. during the previous year relevant to this appeal. assessee, therefore, claimed that the said sum of rs. 37,11,433 due from these two mills was deductible ..... terms- ... the...it can afford no assistance to us in determining whether an amount which an assessee had to pay by virtue of the provisions of the act could be regarded as an expense incurred wholly and exclusively for the purpose of the business. the assessee was presumed to know the relevant provisions of the .....

Deputy Commissioner of Vs. Vira Construction Co.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1997)61ITD33(Mum.)

..... parasram brokerage and int. & co., madras.34. computation of income. income, profit & p & l a/c and balance 273-275 loss a/c. and sheet for a.y. 1992-93 bal. sheet for a.y. 1992-93.dated : 24th july, 1993. (vira construction co.) appellants." the assessee has also filed an affidavit dated 19th september, 1994 sworn by shri h.l ..... vasu and m/s. vira properties pvt.ltd. (for short company), sharing 10%, 10% and 80% respectively. the business is claimed to be agency in real estate, more particularly to act as one of the selling agents of the construction business carries on by the company, which is holding 80% interest in the partnership firm. in january 1984, the company appointed ..... -272 details of and interest for loans brokerage and int. through m/s. parasram34 computation of income. 273-275 income, profit & p & l a/c and balance a/c. and bal. sheet for a.y. 1992-93 sheet for a.y. 1992-93.place : bombay (vira construction co.)dated : 24th july, 1993. appellants." 7. the ld. d.r. very strongly .....

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 .....

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 .....

Wall Street Construction Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2003)87ITD43(Mum.)

..... without prejudice that no income be taxed during asst. yr. 1992-93 as submitted in the relevant ground of appeal. (iv) amendment made in section 234b of it act, 1961, by finance act, 1995, by applied prospectively and accordingly interest under said section for asst. yr. 1992-93 be limited into the date of passing an intimation under section 143( ..... view, the accounts books of the assessee are liable to be rejected for the following reasons : (i) as a result of two search operations under section 132 of the it act, 1961 on 21st aug., 1990, and on 24th dec., 1992, a computer sheet was found, which gave details of 'on money' receipts and the assessee himself offered the ..... gross receipts in respect of the pune project and bring the same to tax. this is being done after rejecting the books of accounts under section 145 of the it act, in light of the unaccounted receipts and expenses recorded in a separate set of accounts which were found in the course of search. therefore, the gross profits has .....

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 .....