Judgment Search Results Home > Cases Phrase: sashastra seema bal act 2007 section 98 voting by members Court: mumbai Page 7 of about 133 results (0.100 seconds)

income Tax Officer Vs. C. Chhotalal Textiles (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)95TTJ(Mum.)436

..... to sustain the addition in the quantum case but is not sufficient to penalise the assessee under section 271(1)(c) of the act for concealment of income. we are unable to agree with the learned departmental representative that the decision of the hon'ble apex court in ..... on the gp addition made by the revenue. the learned counsel referred to the order of the ao passed under section 154 of the act wherein the contention of the assessee that the stock should have been valued @ rs. 28 per mtr., instead of rs. 35 per ..... assessee has agreed to the addition on the condition that no penalty would be levied under section 271(1)(c) of the act. the learned counsel argued that the addition has been a matter of estimation only due to which the figure of addition has ..... the only issue in this appeal is regarding validity of penalty of rs. 3,05,998 under section 271(1)(c) of the act.2. the learned departmental representative stated that it is a survey case and survey was conducted on 20th nov., 1992, and the .....

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 .....

Mohanlal K. Shah (Huf) Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)96ITD9(Mum.)

..... as under : "49. effect of non-registration of documents required to be registeredno document required by section 17 or by any provision of the transfer of property act, 1882 (4 of 1882), to be registered shall- (c) be received as evidence of any transaction affecting such property or conferring such power, provided that an ..... /specified under the agreement/arrangement/award or scheme of partition, then in order that there may be a valid partition under section 171 of income tax act, actual physical division of the joint property of huf as per the defined/specified respective shares allotted to the members under partition agreement/arrangement/award has ..... equivalent to their respective shares in that regard.(xii) the cit (a) has also attacked the assessee on the ground that the arbitration award was not actually acted upon by the coparceners by executing legal documents transferring and assigning their respective rights, interests and titles in favour of shri harish b. shah. the absence .....

Seema Silks and Sarees Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)103TTJ(Mum.)704

..... ltd. (supra), the hon'ble high court held as under: the thrust of the opening clause of clause (b) of sub-section (3) of section 80hhc of the act, has a stress on the words "does not consist exclusively of the export". the words "total turnover of the business" would be controlled by and have to be read ..... transaction. hence, this is to be treated as a local sale and included in the total turnover of the assessee-firm for calculating deduction under section 80hhc of the act. aggrieved by the above order, assessee approached the first appellate authority.6. the contentions were reiterated before the cit(a). it was further submitted, the licence issued to ..... margin money, constituting encashment of export incentive, therefore, should have been exempted as export incentive receipt under section 28 r/w sections 2(24) and 80hhc of the it act, 1961. the assessee filed the return on 30th nov., 1990 declaring nil income. assessee is an exporter of silk sarees and materials and claimed to be a 100 .....

Sumaraj Seafoods (P) Ltd. Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)112ITD177(Mum.)

..... from the industrial undertaking which operates its cold storage plant" and to grant suitable deduction under section 80-ib(1) read with section 80-ib(3) of the act. the assessing officer shall exclude such business profits which cannot be said to have been derived from the industrial undertaking, by keeping in mind the tests laid down by ..... purely storage of goods. he relied on circular no. 005 p, dated 9-10-1967 issued in the context of provisions of section 84 of the income tax act and submitted that the intention of the legislature, right from that time till date was expressed by this circular which states that "an industrial undertaking operating cold storage plant ..... the same. the common issue in all the three appeals is whether the assessee is entitled to deduction under section 80-ib(3)(ii) of the income tax act, 1961. the assessee filed its return of income claiming deduction under section 80-ib as well as under section 80hhc. the assessing officer observed that the deduction under .....

Deputy Cit Vs. Haria Exports Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)112ITD203(Mum.)

..... arrangements, rupee equivalent of the export proceeds received by the sister concerns in its export turnover while calculating deduction under section 80hhc of the income tax act. the aforesaid findings recorded in the assessment order are not in dispute. the assessing officer confronted the assessee with the aforesaid position. in reply, ..... within the stipulated period. according to him, the assessee might not have received the sale proceeds of the exports made through the sister concerns acting as agents in convertible foreign exchange in india but it had certainly brought the said proceeds in convertible foreign exchange into india within the stipulated time ..... to public policy. he emphasized that any agreement, which was illegal or opposed to public policy, was void and therefore incapable of being enforced or acted upon. (vi) inviting our attention to the agreements with the sister concerns, the learned departmental representative submitted that the agreements contained a clause to the .....

Rukminibai Guru Rajdharbuwa Mahanubhava Sukenkar Vs. Nanabuwa Guru Uma ...

Court : Mumbai

Reported in : (1978)80BOMLR593

..... panth maths were private properties of shishyas.30. neither the lower court nor the learned advocates and parties were conscious of the possible application of the bombay public trust act, 1950, to the mahanubhava panth maths and properties as prima facie the definition of 'public trust' would include such math under section 2(13) as the suit ..... the caste system and follow the rituals of their own caste and carry on social contacts with their caste people and marry among them. similar views are expressed by bal krishna mahanubhava shastri. but we are not really concerned with their theology. what we have to determine are the social and political consequences of such conversions and that, ..... itself was misconceived ignoring the rules of hindu law and the provisions of the bombay public trust act, 1950, the plaintiff's suit is liable to be dismissed on the ground that she did mot set up the usage supporting her right in respect of the .....

The Maharashtra State Cooperative Bank Limited Through Its Chief Offic ...

Court : Mumbai

Reported in : 2008(4)BomCR719

..... writ petitions, can be stated as follows; godavari dudhna sahakari sakhar karkhana ('sick factory') was registered under the maharashtra cooperative societies act, 1960 ('mcs act'), on 12.12.1975. it ran successfully from 1975 to 2000, having membership more than 10,000. it ran into rough weather ..... (b) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx(c) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx(d) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx(e) to investigate all the claims against the society and, subject to the provisions of the act, to decide questions of, priority arising out of such claims, and to pay any class or classes of creditors in full or ratable ..... any rights or interests of any bank or financial institution in relation to the financial assistance so rendered. section 13(4)(d) of the securatization act indicates that the person who steps into the shoes of borrower becomes the borrower. we quote:13. enforcement of security interest. (1) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx .....

Ms. Sophia Gulam Mohammed Bham Vs. the State of Maharashtra and Others

Court : Mumbai

Reported in : 1999(5)BomCR446; 1999CriLJ2140

..... the detenu and hameed farooq were arrested on 10-8-1997 and rajesh sacheti @ vicky was arrested on 12-8-1997 under section 104 of the customs act, 1962 and produced before the additional chief metropolitan magistrate, who remanded them to judicial custody which was extended from time to time. he has filed the ..... for different buyers who had earlier required them.9. mr. pravinchandra haridas jogi in his statement recorded on 12-8-1997, under section 108 of the customs act, 1962, interalia, has stated that his brother mr. dinakarbhai jogi also resides with him and his son kaushikbhai d. jogi is in bangkok and is engaged ..... the government of maharashtra, home department (preventive detention), mantralaya, mumbai-400 032, under section 3(1) of the conservation of foreign exchange and prevention of smuggling activities act, 1974 (52 of 1974) seeks to challenge the same for illegality and impropriety alleged. the order of detention, grounds of detention and copies of the documents relied on .....

The Consulate General of Iran Vs. M/S. Baldota Brothers

Court : Mumbai

..... a foreign mission discharging diplomatic and consulate functions has nothing to do with their exclusion from the rent act. the constitution of india by article 51 provides that the state shall endeavour to promote international peace and security, maintain just and honourable relations ..... to my mind, the exclusion from the provisions of the maharashtra rent control act, 1999, does not in any manner interfere with the principle of reciprocality or respect to foreign states or friendly nations. the status and dignity of ..... any trading and commercial enterprise. mr. danis argument is that by virtue of vienna convention on consular relations, 1963 and the diplomatic relations (vienna convention) act, 1974, these missions enjoy a special status. they cannot be equated with manufacturing, trading, profit making and commercial organizations based, even, internationally. 36. .....