Section 68 - Year 1995 - Judgments

Dec 12 1995 (HC)

Ramkumar Jalan Vs. Income Tax Officer.

Court: Mumbai

Decided on: Dec-12-1995

Reported in: (1996)56TTJ(Mumbai)545

..... first of all consider it necessary to reproduce the provisions of s 68 sec 68 cash credits where any sum is found credited in the books of ..... to income tax as the income of the assessee without further proof sec 68 therefore gives a statutory recognition to the principle that the cash ..... co p ltd vs cit 1977 106itr682 cal and has held sec 68 of the it act 1961 is a statutory recognition of what was .....

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Mar 31 1995 (TRI)

Assistant Commissioner of Vs. Dhanalaxmi Steel Re-rolling

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Decided on: Mar-31-1995

Reported in: (1996)57ITD361(Hyd.)

..... of assessing officer not satisfactory 9 as a matter of fact section 68 is a statutory recognition of what was previously established by ..... v ganpatrai gajanand 1977 108 itr 403 at 406 ori that section 68 essentially containing a deeming provision which applies when the assessee ..... high court in the case of kulwant kaur supra that section 68 contemplates a factual explanation and not a purely a legal .....

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Jun 28 1995 (TRI)

D.C. Rastogi (Huf) Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Jun-28-1995

Reported in: (1996)57ITD295(Delhi)

..... careful consideration to the rival contentions the contention raised on behalf of the assessee that section 68 is applicable only to cash transactions and not in respect of amounts received by ..... gifts has not been discharged the assessing officer in such circumstances was justified in invoking section 68 in deeming the recipt so indemanded the assessee from undisclosed sources the additions of rs .....

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Sep 13 1995 (HC)

Range Officer and anr. Vs. Sukumar Mirdha

Court: Kolkata

Decided on: Sep-13-1995

Reported in: (1996)1CALLT211(HC)

..... the property seized are also liable to be released sub section 3 of section 68 postulates that a forest officer shall not be empowered thereunder ..... the instant case there has been a violation of sub section 3 of section 68 in so far as the valuation of the tree ..... learned counsel submits that a bare perusal of the provision of section 68 would demonstrate that no proceeding is required to be initiated .....

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Apr 06 1995 (HC)

Ammu Balachandran Vs. Mrs. O.T. Joseph (Died) and Others

Court: Chennai

Decided on: Apr-06-1995

Reported in: AIR1996Mad442

..... valid execution of a will that would suffice for sec 68 of the evidence act sec 68 of the evidence act does not in any manner ..... acquainted with the handwriting of the person concerned are made relevant section 68 deals with the proof of the execution of the document required ..... 1mlj216 has also relevance in that decision it was held thus sec 68 of the evidence act provides that if a document is required .....

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Dec 22 1995 (HC)

Prahlad Singh Vs. the District Magistrate and ors.

Court: Allahabad

Decided on: Dec-22-1995

Reported in: 1(1996)ACC467

..... s o c no 105 1979 a vv c 63 whiledealingwith section 76 and section 68 2 r and s of the act read with rule 93 ..... contained in the new act and the rules applicable there under 4 section 68 of the act empowers the state government to make rules for the ..... in the stands the said rules are subject only for those purposes section 68 empowers the government to frame rules generally for all purposes relevant to .....

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Jan 17 1995 (TRI)

Rishi Electronics Ltd. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Jan-17-1995

Reported in: (1995)53ITD10(Delhi)

..... given careful thought to the rival submissions of the parties the question whether provisions of section 68 were applicable to share subscription in the hands of a company was a subject matter ..... observations made by their lordships have to be taken into account while considering application of section 68 to the share capital in the hands of the assessee company the decision unfortunately was .....

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Apr 17 1995 (HC)

Nagamalai Vs. P. Kaliappa Gounder and ors.

Court: Chennai

Decided on: Apr-17-1995

Reported in: (1996)2MLJ48

..... by limitation the learned counsel for the respondents also referred to section 68 of the provincial insolvency act and contended that the limitation is ..... could have filed an application for setting aside the sale under section 68 of the said act 8 issue no 1 with regard to ..... application ought to have been filed within 21 days as per section 68 of the provincial insolvency act in view of my finding that .....

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Mar 06 1995 (HC)

State Vs. Bharat Chandra Roul

Court: Orissa

Decided on: Mar-06-1995

Reported in: 1995CriLJ2417

..... to that as is expressed under section 68 of the income tax act 1961 the said section reads as follows 68 cash credits where any sum is ..... to his known sources of income clause e of sub section 1 of section 5 of the prevention of corruption act 1939 referred to ..... authority at the residence of the proposed executant in terms of section 31 of the said act additionally jagannath did not die immediately .....

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May 23 1995 (HC)

Sanjeev Kumar and Others Vs. State Transport Authority, U.P. and Anoth ...

Court: Allahabad

Decided on: May-23-1995

Reported in: AIR1995All294

..... undertaking in respect of that area or route or portion thereof section 68 f 1 d of the old act prohibited the grant of ..... transport authority will have to grant permit to the corporation under section 68 f 1 a to the exclusion of others but if the ..... remaining strength there would be no application by the corporation and section 68 a 1 c would be squarely attracted in interpreting the provisions .....

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