Judgment Search Results Home > Cases Phrase: sashastra seema bal act 2007 section 73 capture of deserters Court: income tax appellate tribunal itat chennai Page 1 of about 1 results (0.074 seconds)

Tamil Nadu Minerals Ltd. Vs. the Jt. Commr. of I.T., Spl.

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2006)281ITR101(Chennai)

..... meal centres before the chief minister's birthday, besides the hon'ble chief minister had ordered to take up the question of exemption of this expenditure under the income-tax act to those who made the contribution. there is absolutely no business nexus with these expenses. as such, it cannot be allowed under section 37(1).10. the next issue ..... on of the assessee's business or which results any benefits to the assessee's business has to be regarded as an allowable deduction under section 37(1) of the act. it is, therefore, important to see that whether the contribution was made towards the welfare fund or directly connected or related with the carrying on of the assessee' ..... minister birth day on 24.2.1992. further, the hon'ble chief minister has ordered to take up the question of exception of this expenditure under the income-tax act in those who made the contribution. i knew very well that you have more anxiety and tamin is leading in this cause than other public sector undertakings. i also .....

Tamil Nadu Minerals Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2006)100TTJ(Chennai)738

..... renovate noon-meal centres before the chief minister's birthday, besides the hon'ble chief minister had ordered to take up the question of exemption of this expenditure under the it act to those who made the contribution. there is absolutely no business nexus with these expenses. as such, it cannot be allowed under section 37(1).10. the next ..... the assessee's business of which results in any benefit to the assessee's business has to be regarded as an allowable deduction under section 37(1) of the act. it is, therefore, important to see that whether the contribution was made towards the welfare fund or directly connected or related with the carrying on of the assessee ..... ble chief minister's birthday on 24th feb., 1992. further, the hon'ble chief minister has ordered to take up the question of exemption of this expenditure under the it act to those who made the contribution. , i know very well that you have more anxiety and tamin is leading in this cause than other public sector undertakings. 1 .....

The Assistant Commissioner of the Karur Vysya Bank Ltd., Income Tax, C ...

Court : Income Tax Appellate Tribunal ITAT Chennai

..... mumbai in computing depreciation and it had not offered any interest accrued on securities for taxation. therefore, the assessing officer issued reopening notice under section 148 of the "act". in response to reopening notice, the assessee chose to file another 'return'. this time, it disclosed income of `.116,88,68,080/-. the assessing officer, ..... . in the instant case, the undisputable facts on record establish beyond doubt that the reasons recorded for initiation of proceedings under section 147/148 of the act were never furnished to the assessee by the assessing officer before completion of the assessment proceedings on 29/12/2008, 33 months after the request was made ..... cited by the revenue. in principle, the revenue is not even disputing that the assessee is entitled for writing off debts under relevant provisions of the "act". its submission is for the purpose of verification so as to avoid double deduction, the assessing officer be directed to reverify assessee's claim in view of .....

Neyveli Lignite Corporation Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2005)93TTJ(Chennai)685

..... reached. the learned departmental representative referred to p. 53 of the paper book wherein the memorandum of settlement under section 12(3) of the industrial disputes act, 1947, between the company and nlc workers progressive union is contained. she pointed out that the said settlement was entered into on 29th june, 2001. ..... 1995 between the management and workmen of the neyveli lignite corporation represented by the joint council of unions. settlement under section 12(3), of the industrial disputes act, 1947, was subsequently signed on 26th aug., 1995 which was valid till 31st dec., 1996. on account of expiry of the existing settlement, a bipartite ..... that the committee on disputes has not accorded its approval for raising the issue regarding jurisdiction of the cit invoking the provisions under section 263 of the it act. accordingly, this ground of appeal challenging the assumption of jurisdiction by cit was not pressed before us.accordingly, the said ground is dismissed as not pressed .....

Fidelity Textiles (P) Ltd. Vs. the Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Chennai

..... s case. finally, the ld. accountant member was of the opinion that the waiver of loan amount cannot be treated as casual income under section 10(3) of the act and therefore, he set aside the orders of the authorities below and deleted the addition in question by following the decision of the bombay high court in cadell weaving mill ..... he, therefore, treated the amount in question as a revenue receipt and accordingly brought it to tax after granting exemption of rs. 5,000/- under section 10(3) of the it. act, 1961.6. before the ld. cit(a) the same contentions were reiterated on behalf of the assessee and the same decisions were pressed into service.however, the ld. cit( ..... "a", chennai, the following question has been referred by the hon'ble president of itat for my opinion as third member under section 255(4) of the income-tax act, 1961. on the facts and circumstances of the case, whether waiver of loan constitutes income of the assessee or not? 2. the facts which are relevant and material to .....

Sri V.G. Ramachandiron Vs. Income-tax Officer [Alongwith

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2006)284ITR53(Chennai)

..... is mentioned even if received in instalments, this clearly means it is clarificatory in nature and it is curative. the memo explaining the provisions of the finance act' 2003 and the cbdt circular cited above was clearly aimed at solving the problem of retired employees that those persons who received the compensation in instalments spread ..... of section 10, any amount received by an employee of a public sector company or any other company or an authority established under a central, state or provincial act or a local authority or a co-operative society, or a university, or indian institute of technology, or state or central government, or an institution having central ..... of income-tax (appeals). before the commissioner of income-tax (appeals), the assessee claimed that he is entitled to deduction under section 10(10c) of the act as he has claimed such exemption only in respect of unavailed portion of compensation for which he is eligible. the second instalment of compensation received by the .....

M.M. Financiers (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2007)107TTJ(Chennai)200

..... undisclosed purchase consideration.it is only on surmise basis and statement recorded from third party, k.madhava reddy, and m/s shilpa homes (p) ltd. this cannot be acted upon.the circular no. f.no. 286/2/2003/it(inv.), dt. 10th march, 2003 clearly refrains the ao from recording confessional statement during the course of search ..... drawn or not. the expression used in this sub-section (4a) is "may be presumed" which is also the expression used in section 114 of the evidence act and it was not a mandate that whenever books of accounts are seized, the authorities concerned shall so presume irrespective of any other factor which may dissuade the authorities ..... this agreement is unsigned. this was not found at the premises of the assessee. k.madhava reddy also stated in his sworn statement that this agreement was not acted upon. he submitted that transaction did not materialize.he also stated that dispute arose between these parties and went for settlement before one mla. further, question no. 7 .....