Judgment Search Results Home > Cases Phrase: sashastra seema bal act 2007 section 6 enrolment Court: income tax appellate tribunal itat amritsar Year: 2008 Page 1 of about 6 results (0.117 seconds)

Jammu and Kashmir Bank Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2008)114TTJ(Asr.)728

..... be followed. reliance is placed on the following judgments: (i) the judgment of hon'ble delhi high court in the case of director of it (exemption) v. lovely bal shiksha parishad (supra). (ii) the judgment of hon'ble supreme court in the case of radhasoami satsang v. cit (supra). (iii) the judgment of hon'ble punjab ..... facility. however, in order to attract further investment to this sector, an urgent need has been felt for providing more tax incentives to investors. 17.2 the act, therefore, provides tax exemption to such infrastructure capital funds and companies which are established for the purposes of mobilising resources for financing infrastructure facilities. 17.3 accordingly, ..... for this proposition, he relied on the following judgments: (i) the judgment of hon'ble delhi high court in the case of director of it (exemption) v. lovely bal shiksha parishad ; (ii) the judgment of hon'ble supreme court in the case of radhasoami satsang v. cit , (iii) the judgment of hon'ble punjab & haryana .....

J and K Small Scale Inds. Dev. Corp. Vs. the Asstt. C.i.T., Range I

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2008)117TTJ(Asr.)510

..... patil v. shantaram baburao patil and ors." 253 itr 798 (s.c.), it has been held, inter alia, that in exercising discretion under section 5 of the limitation act, 1963, to condone delay for sufficient cause in not preferring an appeal or other application within the period prescribed, courts should adopt a pragmatic approach; that a distinction must ..... cause tried to be shown by the assessee as a sufficient cause preventing it from filing its appeals within the time limit prescribed by section 253(3) of the act, is nothing other than a mere facade put up by the assessee in an attempt to tide over the inordinate unexplained delay in filing these appeals. the learned ..... of the stand of the assessee is evident from the fact that actually, the assessee had originally filed applications dated 1-8-2003 under section 154 of the income tax act before the a.o., for rectification. copies of these applications have been appended as annexure a-1 to a-6 of the department's written submissions ("dws", for .....

The Dy. C.i.T., Range I Vs. J and K Small Scale Ind. Dev. Corp.

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2008)117TTJ(Asr.)706

..... make alteration in its articles of association. by virtue of section 31 of the companies act; that the amendment in the articles of association of the assessee trust has to be considered with retrospective effect, since such amendment has been made specifically ..... order, that since the assessee did not amend its objects, "shakthi charities" (supra) is not applicable; that since the trust was incorporated under the companies act, the jurisdiction for any alteration in the articles of association lies solely with the registrar of companies and not by any court; that the assessee is eligible to ..... charities" (supra), the amendment was supposed to be made by the court, whereas in the case of the assessee, since it was incorporated under the companies act, 1956, its memorandum of association and articles of association were required to be registered before the registrar of companies, which was the authority designated under the company .....

Surmukh Singh Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2008)115TTJ(Asr.)852

..... year under reference was long-term capital gains on the amount of compensation received from puda for acquisition of his agricultural land. as per provisions of the act, capital gain is chargeable to tax in respect of profits arising from the transfer of a capital asset belonging to the assessee. but such profit has to ..... resulting in completion of assessment under section 144 of the act. the assessee pleaded for admission of additional evidence. however, the learned cit(a) declined to admit the fresh evidence on the ground that the assessee had ..... was never assessed to income-tax.the only source of his income was from agriculture. therefore, the assessee was not well versed with the provisions of the it act.accordingly, it was stated before the cit(a) that the additional evidence now submitted could not be produced before the ao during the course of assessment proceedings .....

Vikram Chadha Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2008)115TTJ(Asr.)123

..... merely because the addition made in the case has been upheld in appeal does not by itself justify levy of penalty under section 271(1)(c) of the it act. the provisions of section 271(1)(c) mandate recording of satisfaction during the course of assessment proceedings. the jurisdiction to impose penalty flows from a recording of satisfaction ..... particulars of such income, he may direct that such person shall pay by way of penalty as specified in clause (iii) of section 271(1) of the act. thus, recording of satisfaction in the assessment order is mandatory requirement of law for initiation of penalty proceedings, if the satisfaction is not recorded by the ao or ..... this bench) to support his contention that addition made on bona fide difference of opinion did not warrant levy of penalty under section 271(1)(c) of the act.5. the learned departmental representative, on the other hand, heavily relied on the orders of the authorities below and submitted that the learned cit(a) has already .....

The Income-tax Officer Vs. Sheetal Khurana Food (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Amritsar

..... of the assessee having claimed depreciation and expenses regarding repair of the building "showed that it was the owner of the premises for the purposes of the income tax act.21. in view of the above, finding force in the grievance raised by the department, the same is hereby accepted. the appeal of the department is thus entitled ..... , the lessor-owner of the building was to be taxed in respect of the annual value of such building, as the owner thereof, under section 22 of the act; that the fact that the assessee had given only the unfurnished building to cfcfil, went against the assessee and rather made the case stronger for the department that the ..... expenses on repairs of the building; that the assessee was entitled to receive income from the property in its own right and, therefore, section 22 of the income tax act was attracted; that in the case of the assessee, the agreement with shri bipindeep singh khrana, director of the company, provided for dismantling of the structure without any .....