Judgment Search Results Home > Cases Phrase: state agricultural credit corporations act 1968 section 7 management Court: income tax appellate tribunal itat ahmedabad Page 11 of about 110 results (0.249 seconds)

Arvindbhai H. Shah Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2004)84TTJ(Ahd.)725

..... 1) suo motu and (2) on an application by either party. placing reliance on the decision of the nagpur bench in the case of bhillai engineering corporation (supra), he submitted that in the first situation which is discretionary, the time-limit of four years is provided and for the second situation which is ..... notifications for granting the exemption. under the first notification, "traditional industries" were excluded for the benefit whereas the second notification was silent about such exclusion. the state government did not grant the exemption to "traditional industries" under the new notification because they were not entitled to exemption under the first notification. in that ..... the court otherwise cannot supply supposed deficiencies; for the courts then, instead of declaring the law, would be making laws. the rule of casus omissus states that the matter which should have been provided but has not been provided cannot be supplied by the court. this view has been also taken by the .....

Gujarat Agro Industries Corpn. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1985)14ITD320(Ahd.)

..... facts in brief appearing on page 6 of the paper book are as under : shri b.r. raj was in charge of agro service centre of the corporation at bharuch. during his service, he had done some misappropriation in connection with the stocks of the fertilizers which were in his charge. the value of such ..... the own funds and, therefore, the ito was justified in applying the proportion for the purpose of arriving at the amount of capital employed on the basis that credit balance in the head office accounts in the books of industrial undertaking, namely, pesticides unit, did represent not only own funds, but also part of borrowings ..... this government company, had also certified the writing off the loss in the current year.15. the learned departmental representative supporting the decision of the commissioner (appeals) stated that the amount writtens off was not finally determined because there could be balance payable under the provident funds act, j925, gratuity act, etc., to which recourse .....

income-tax Officer Vs. Maganbhai S. Patel

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2000)74ITD481(Ahd.)

..... relations, public welfare. (d) for spread of primary, secondary, college and post-graduate education of all and any kind including technical, medical, commerce, science, engineering, agricultural, social education and/or by promoting primary schools, secondary schools, colleges, for imparting of all and every kind of education and/or by giving grants, scholarships, contributions to ..... the assessee trust has not misused the accumulated funds for any purpose other than the charitable objects of the trust. the third object in form no. 10 was stated as under :- "to donate and/or spend funds set apart and accumulated as aforesaid, for any public charitable purposes." 22. in para 4 above, we ..... assessee in the context of overall object of promotion of education. the following observations of their lordships would be worth quoting in this context :- "we may state that the language of section 10(22) of the act is plain and clear and the availability, of the exemption should be evaluated each year to .....

Prabhat Oil Traders Vs. Income-tax Officer (No. 3)

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... of bringing the case within section 271(1)(c) again on the revenue. the judgment of the kerala high court in the case of cit v. saraf trading corporation [1987] 167 itr 909 is also in favour of the assessee. assuming that the assessee's case falls within explanation 1, inserted with effect from april 1, ..... and initiated proceedings for concealment of income under section 271(1)(e). admittedly, the said purchase bills dated april 10, 1982, and april 13, 1982, were only credit bills. the assessing officer had not substantiated with any material brought on record that the assessee had purchased the impugned goods and paid the amounts of rs. 1, ..... dhasa, bhavnagar district. in his statement under section 131 before the assistant director of inspection (investigation), surat, dated january 30, 1984, shri shailesh j. parekh had stated that the quality of the goods purchased under the abovementioned two bills was not good and, hence, the entire lot of oil tins was returned to united brothers and .....

income-tax Officer Vs. Laxmichand Bhagubhai

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1987)20ITD137(Ahd.)

..... department to these seized papers, an overall reading of the same reflects that the seized papers are broad notings, observations, minutes, opinions, clarifications, remarks, etc., as stated by the learned counsels for the appellant shri k.c. patel and they show that there was a continuously changing mind and decisions taken from time to time were ..... further contended that there was no need to summon witnesses at this stage as it would only delay the proceedings. in fact the counsel for the assessee categorically stated before the commissioner (appeals) that they had in fact not produced any evidence before the commissioner (appeals) and which they had not done before the ito or ..... that there was a continuously, changing mind and decisions taken from time to time were altered, re-altered, modified and re-modified and everything was in a fluid state of affairs. (4) that the family arrangement effective from 1-1-1980 had not been acted upon in toto and there were many deviations. (5) that the .....

Wealth-tax Officer Vs. Chinubhai Lallubhai (Huf)

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1988)26ITD57(Ahd.)

..... description, movable or immovable but does not include,- (ii) any building owned or occupied by a cultivator of, or receiver of rent or revenue out of, agricultural land : provided that the building is on or in the immediate vicinity of the land and is a building which the cultivator or the receiver of rent or revenue ..... it had paralleled shutters, cement plastered and kota stone floorings. there was a terrace also and there were sanitary installations and connection with sewage line. it was stated by the assessee that this structure was being used for storing the assessee's household goods as well as for the residence of its servants and their families. ..... also and can have no justification so far as the ordinary structure of the assessee is concerned. in any case, so far as this property is concerned, as stated before, this ordinary out-dated structure substantially encumbers the entire land admeasuring 4182 sq. yds. and is worth value of materials on demolition. under the circumstances, .....

Navjivan Roller Flour and Pulse Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2000)73ITD265(Ahd.)

..... contract by the assessee. the assessee disputed the claim on the ground that the letters of credit could not be opened due to the failure of the australian party to forward duly signed contracts for obtaining registration with the national agricultural co-operative marketing federation of india. there is no stipulation in the contract notes regarding the ..... view taken by the calcutta high court, the hon'ble supreme court observed that the amount of enhanced compensation was in dispute in the appeal filed by the state government and, therefore, there was no absolute right accruing to the assessee to receive the amount at that stage. the enhanced compensation was, therefore, held as ..... assessment by the ao on account of damages amounting to rs. 7,14,824 for breach of contract has been deleted.2. the relevant facts may be briefly stated. the assessee-company is engaged in the business of manufacturing of dal, besan, maida, sooji, etc. the assessment year involved in both the appeals before us .....

income-tax Officer Vs. Jay Laxmi Foundry

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1991)38ITD323(Ahd.)

..... and brother's wife.3. according to the assessee, shri s.m. shah, the male partner, proceeded to u.s.a. for further studies and getting admitted in north carolina state university, raleigh, nc for obtaining degree in m.s. in management. he already had degree of civil engineering from gujarat university. the assessee pleaded that the course of management at ..... for which the money is laid out or expended and not to the remoter result which may flow from or motivate the expenditure.9. in the present case, as already stated, the business of the assessee was dealing in iron and aluminium casting and undertaking job work. the business of the assessee had no connection with computer science. in the course .....

Smt. Chhotabai Jewatraj Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1983)3ITD36(Ahd.)

..... by the aac and examined, irrespective of whether affirmed, modified or reversed. in the said decision the high court ultimately held that the legal position may, therefore, be summarised by stating that even after an appeal from order of the assessment is decided by the aac, the mistake in that part of the assessment which was not the subject-matter of .....

Machinery and Equipment Mfg. (P) Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1997)59TTJ(Ahd.)715

..... selling of electrical motors, repairing work, etc. it was also stated that the scrap sold by the assessee was obtained from its main activity of assembling, repairs, etc. in these circumstances income earned from the sale of scrap ..... aggrieved by the order of ao, the assessee went in appeal before the cit(a). the assessee submitted written arguments before the cit(a) wherein it was stated that the assessee-company was carrying on business activities for last 32 years and during these years, it had been carrying on various activities such as assembling and ..... depreciation has been allowed in the earlier years. the assessees contention was that even under this income the deduction would have been allowed.alternatively, it was also stated that business loss should be allowed to carry forward in the subsequent years. the ao examined the assessees case in detail and observed that the loss pertains to .....