Judgment Search Results Home > Cases Phrase: sashastra seema bal act 2007 section 73 capture of deserters Court: income tax appellate tribunal itat mumbai Page 1 of about 7 results (0.068 seconds)

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 .....

Wallfort Shares and Stock Brokers Vs. Income-tax Officer [Alongwith

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... and appellant earned dividend income at rs. 1,82,12,862/- which was not taxable in view of section 10(33) of the income-tax act.particulars purchase sale gain/loss dividend date amount date amount date amountunits of 24.3.00 80000000-------------------------------------------------------------------------------- 29.3.00less 2376778 27.3.00 59055207. ..... investment. g) dividend is distributed from accumulated profits of a company with reference to its subscribed share capital in accordance with the provisions of companies act; whereas mfs distribute income from its 'equalization reserve' comprising profits and premium charged on sale of units as per sebi regulations." 35. the ..... assessee filed appeal before the learned cit(appeals). the assessee submitted that units of mutual funds were regulated by an independent body constituted under the act of parliament, viz., sebi. the assessee had followed the prescribed procedure and the transactions with the mutual funds were at arms length. the .....

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 .....

Deputy Commissioner of Vs. Maharashtra State Road Transport

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)100ITD187(Mum.)

..... but be detrimental to the public interest as it also entails avoidable wastage of public money and time. various departments of the government are its limbs and, therefore, they must act in co-ordination 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 only ..... a court of law. such a course is detrimental to public interest as it entails avoidable wastage of public money and time. these are limbs of the government and must act in co-ordination and not confrontation. the high powered committee is set up not only to conciliate between the government departments. there could not be frivolous litigation proposed by a .....

Videsh Sanchar Nigam Ltd. Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)111ITD190(Mum.)

..... order.72. the question for consideration of the special bench is whether the assessee is entitled to exemption under section 80-ia of the it act, 1961 (act) in respect of the profits derived from the activity carried on by the assessee through the earth stations set up by it. since ..... private parties in view of the advanced technology of cellular phones. new enactment also came into existence i.e., telecommunication regulatory authority of india act, 1997 (trai). this act defines the expression "telecommunication services" as under: telecommunication services means service of any description (including, electronic mail, voice mail, data services, ..... regulation, 2003 notified by trai has included long distance services (std/isd) throughout the territory of india into basic telecommunication services. 7. the indian telegraph act, 1885 has defined telecommunication as any transmission, emission, reception of signs, signals, writing, images and sounds or intelligence of any nature by wire, radio .....

Deputy Commissioner of Vs. Indian Hotels Co. Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)92ITD97(Mum.)

..... rival submissions and perused the facts on record. butter worth's "words and 'phrases legally defined" defines tourist amenities as follows: - in this part of this act (part i: tourist authority and tourist boards) 'tourist amenities and facilities' means in relation to any country, amenities and facilities for visitors to that country and for ..... payment of interest at a low rate. the assessee, vide its reply dated 3-2-1992, stated before the assessing officer as under: the companies act imposes certain restrictions on investments by a public company into the shares of other public companies. your assessee company operates several hotels belonging to other companies as ..... , the learned accountant member, as per his proposed order, upheld the view taken by the learned cit (appeals) in the impugned order. he held that act of giving advances forms integral part of hoteliers' business. in that light, no concession was provided with regard to advances made to the subsidiary company, which made .....

The Deputy Commissioner of Vs. Indian Hotels Co. Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... justify payment of interest at a low rate. the assessee vide its reply dated 03.02.1992, stated before the assessing officer as under: "the companies act imposes certain restrictions on investments by a public company into the shares of other public companies. your assessee company operates several hotels belonging to other companies as a ..... the parties, the learned accountant member, as per his proposed order, upheld the view taken by the learned cit(appeals) in the impugned order. he held that act of giving advances forms integral part of hoteliers' business. in that light, no concession was provided with regard to advances made to the subsidiary company, which made ..... assessee further placed on record copy of balance-sheet of the subsidiary company to contend that charging of interest at 6% was fully justified and was an act of business prudence carried on account of business expediency. the detailed submission of the assessee has been reproduced in the earlier part of this order.15. the .....

Chohung Bank Vs. Deputy Director of Income-tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)102ITD45(Mum.)

..... a distinction between a domestic and a non-domestic company. that distinction is on the basis of its definition provided in section 2. the finance act also creates a distinction between the two on the basis of distribution of dividend.where a korean company having a permanent establishment in india declares and ..... does not provide any authority to the central government to enter into agreement for applicability of rates and taxes contrary to what it provided in annual finance act. thus prescription and application of particular rates of taxes on different entities come within the exclusive domain of parliament. dtaa could not, therefore, cover a compromise ..... by providing specific rates on different types of income, meaning thereby, according to learned dr, charging non-domestic companies at higher rates by virtue of finance act will not tantamount to discrimination.7. we have considered the rival submissions, material on record and case laws cited by the parties. in our considered view .....

Avaya Global Connect Ltd. Vs. Acit Range 7(3)

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... , the decisions of the tribunal relied upon by learned counsel for the assessee are authority for the proposition that prior to insertion of section 50b of the act in the event of transfer of business undertaking as a going concern, there was impossibility of computation of cost of acquisition, date of acquisition etc.; and ..... follows: a scrutiny of the definitions of 'apparent consideration' given in clause (b) and transfer' given in clause (1) of section 269ua of the income tax act, 1961, would unmistakably indicate that the transfer to which the provisions of chapter xx-c are intended to apply, are transfers under agreements or contractual transfers and not ..... on the first issue, which we have formulated for consideration, learned counsel for the assessee submitted that section 2(19aa) was introduced in the income tax act vide the finance act, 1999. he drew out attention to the memorandum explaining the provisions in finance bill, 1999. the relevant portion of which reads. 3. with a view .....

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 .....