Court : Income Tax Appellate Tribunal ITAT Delhi
Decided on : Mar-01-1996
Reported in : (1982)2ITD312(Delhi)
..... had not disclosed any income. the assessee, however, did not file a return. the ito accordingly made and ex parte assessment under section 144 of the income-tax act, 1961 ('the act') on a total income of rs. 2,17,138.3. in the assessment year 1958-59 a similar ex parte assessment was made on a total income of ..... three years were reopened and the assessee filed returns under protest. the ito, however, rejected the protest and made the impugned assessments under section 143(3) of the act.7. the assessee came in appeal before the aac who by separate order for the assessment years 1957-58 to 1960-61 annulled the reassessments. the reason why the ..... reassessments were annulled is that after the ito passed the order under section 146, the assessment could not be reopened again under section 148 of the act, since the assessment proceedings were thenpending. he also held on merits that the ito could not have reopened the assessment for the assessment year 1957-58 since there was .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Delhi
Decided on : Apr-08-1996
Reported in : (1996)57ITD609(Delhi)
..... activity carried on by it. para 144 of export and import policy specifically provides that such councils are non-profit organisations registered under the companies act or the societies registration act, as the case may be. they are supported by financial assistance from the central government. there is no material to show that council violated ..... public in matters of transportation of passengers and goods. the objects for establishing a road transport corporation are those set out in section 3 of the rtc act which we have already reproduced above. section 18 shows that it is the duty of a road transport corporation to provide, secure and promote the provision of ..... basis of above provision, it was submitted that activities of the corporation were carried on for profit as under sub-section (22), the corporation was enjoined to act on business principles. it was further submitted that corporation could issue shares even to members of the public and that the dividend would be paid to the .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Delhi
Decided on : Aug-31-1996
Reported in : (1996)59ITD9(Delhi)
..... date of commercial production as february, 1987, (iii) statement of shri r. u. dubey, dy. general manager, production, recorded on 12th feb., 1991, under s. 133 of the act; (iv) entries in the r. g. register; (v) details of power and diesel consumption; (vi) purchase and consumption of various items, which are used in the manufacture of ..... the first appellate authority should have stated the reasons therefor. in my view, there has been a non-compliance of the mandatory requirement of s. 250 of the act and as such the impugned orders deserve to be quashed on this ground also. i am conscious of the fact that the revenue has not taken these contentions specifically ..... rejecting the revenue's appeals, is the legally correct approach ?" these appeals have come before me for my opinion as a third member under s. 255(4) of the it act, 1961, as the members who heard the appeals originally did not agree.2. the learned accountant member shri r. m. mehta proposed the following points of difference : "1 .....
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