Judgment Search Results Home > Cases Phrase: state agricultural credit corporations act 1968 section 7 management Court: income tax appellate tribunal itat ahmedabad Page 5 of about 110 results (1.304 seconds)

A. A. Pathan Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1996)54TTJ(Ahd.)107

..... assessee is an individual. according to the ao, for the asst. yr. 1982-83, the assessee filed a return of income declaring the total income at rs. 45,180 plus agricultural income at rs. 4,000. the original assessment was completed under s. 143(1) on 14th oct., 1983. for the asst. yr. 1983-84, the return of income ..... the cit(a) has not at all considered the affidavits of shri b. a. patel, employee of the municipal corporation of baroda, and shri bhailalbhai a. pandya and shri ashwin r. kothari.shri b. a. patel, in his affidavit, stated that in his spare time, he worked for shri p. c. khatiwala in relation to the govt. contracts obtained ..... required to produce complete addresses of the donors and their creditworthiness. the assessee failed to produce evidence. the ao noted that there were several contradictions like, the dates of credits of gifts in the respective account did not tally with the statements submitted by the assessee on 15th jan., 1990. he held that all the gifts were by demand .....

Lakhanpal National Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1999)69ITD9(Ahd.)

..... | as per | amount || | industrial | agreement with | amended | in || | credit & | industrial | agreement | japanese || | investment | credit & | with | y || | corporation | investment | industrial | || | of india ltd. | corporation | credit & | || | | of india ltd. | investment | || | | | corporation | || | | | of india ltd. | ||---|-----------------|-------------------|-------------------|----------------||1. | ibrd loan | s 60 ..... are of the view that disallowance of the amount spent towards agricultural development expenses, as well as weighted deduction due thereon cannot ..... ,000 ||---|-----------------|-------------------|-------------------|----------------|| | total amount of| | | y 18,62,30,000 || | loan from icici| | | ||---|-----------------|-------------------|-------------------|----------------||-----------------|---------------------| as already stated, the invoice under which the japanese company had supplied the various items of plant and machinery are all furnished at p. 416 in .....

A. A. Pathan Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1995)55ITD33(Ahd.)

..... we are, therefore, not giving any decision in that regard.3. the sum and substance of facts relating to other two grievances can be stated as follows : various firms of khatiwala viz associated engineering corporation (aec), m/s. seema enterprises (se) (proprietress mrs. nirmala khatiwala) and other firms secured contracts from the irrigation department of the government ..... the assessing officer (a.o. for short) for the assessment year 1982-83 the assessee filed return of income declaring total income at rs. 45,180 plus agricultural income at rs. 4,000. the original assessment was completed under section 143(1) on 14-10-1983. for the assessment year 1983-84 the return of ..... addresses of the donors and their creditworthiness. the assessee failed to produce evidence. the assessing officer noted that there were several contradictions like the dates of credits of gifts in the respective account did not tally with the dates submitted by the assessee on 15-1-1990. he held that all the gifts were .....

Sarabhai Foundation Vs. Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1989)30ITD23(Ahd.)

..... is in respect of an amount of capital gains which was invested by the assessee as deposits in government companies, namely, bharat heavy electricals, indian oil corporation, hindustan petroleum corporation. the assessees claim was based on the fact that it was an investment in capital asset as mentioned in section 11(1a). the assessee has relied on ..... of sown khariff crop was reorted poor.it also shows that there was unseasonal rainfall during the month of october and states that due to uneven distribution of rainfall in the state the growth of crops in the agricultural year 1979 cannot be said to be satisfactory. the above indicates that for the relevant period it cannot be assumed ..... the brokers note to the accountant who in turn deposits it with the cashier. thereafter the auditor verifies the cash with the accountant and the amount is credited to the bank account of the foundation. we find from the evidence of one nankuram that the above system did prevail. in reply to question no. 5, .....

Jt. Cit, Gnr, Sr Vs. Sardar Sarovar Narmada Nigam Ltd.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2005)93ITD321(Ahd.)

..... ownership of the project as such with all rights, liabilities and obligations of the government of gujarat was transferred to the appellant corporation and in lieu thereof, the appellant corporation had credited the government of gujarat with the share capital contribution of rs. 533.09 crores. the government of gujarat continued to develop and ..... upto the height of rl 300 it.the distribution system is planned to be completed in 10/20 years. on completion of the project annual additional agricultural production was estimated to be rs. 900 crores, power generation rs. 400 crores and water supply rs. 100 crores aggregating to about rs. 1400 ..... statutory body for developing, maintaining and operating a new infrastructure facility subject to the condition that such infrastructure facility shall be transferred to the central government, state government, local authority or such other statutory body, as the case may be, within the period stipulated in the agreement; (iii) the enterprise starts .....

A.A. Pathan Vs. Asst. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... in his spare time, he worked for shri pravinchandra khatiwala in relation to the government contracts obtained by the two firms, viz., associated engineering corporation and seema enterprises. it is further stated by the said shri b.a. patel that he was withdrawing cash from the bank accounts of the two khatiwala firms one in the dena ..... individual. according to the assessing officer for the assessment year 1982-83, the assessee filed a return of income declaring the total income at rs. 45,180 plus agricultural income at rs. 4,000. the original assessment was completed under section 143(1) on october 14, 1983. for the assessment year 1983-84, the return ..... complete addresses of the donors and their creditworthiness. the assessee failed to produce evidence. the assessing officer noted that there were several contradictions like, the dates of credits of gifts in the respective account did not tally with the statements submitted by the assessee on january 15, 1990. he held that all the gifts were .....

Core Health Care Ltd. Vs. Deputy Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... under consideration on advertisements in various newspapers, periodicals and magazines in different languages all over india and the advertisements were issued with the object of raising corporate image of the company and to make known to the people at large the company's projects, its activities and its success. it was submitted that ..... ltd. vs. cit (1975). para 11 of the statement suggests that interest payable for the period after commencement of production in respect of assets purchased on deferred credit should not be capitalised." 167. the tribunal, hyderabad bench (sb) in the case of dy. cit vs.nagarjuna investment trust ltd. (supra) had inter alia ..... purchased machinery on deferred payment basis. the hon'ble allahabad high court held that assessee was entitled to include inter alia, such interest paid to the state government and foreign suppliers of machineries on deferred payment terms in computing 'actual cost' for purposes of depreciation and development rebate. this was not a case .....

V.D. Vachhani (Huf) Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2003)86ITD652(Ahd.)

..... the income by extrapolating the figure by taking that index as the basis. (d) in some cases there is actual purchase of agricultural land during the block period for which the appropriate credit is required to be given.20. the learned cit(dr) strongly opposed the submissions of the learned counsel and argued that the estimate ..... should be penetrated to ascertain the true nature of the transactions. various decisions cited by shri patel in respect of doctrine of lifting of corporate veil are as under:tata engg. & locomotive co. ltd. v. state of bihar air. 1965 sc 40workmen, associated rubber industry ltd. v. associated rubber industry ltd. (6) dda v. skipper construction co. (p. ..... of vachhani family who dance to its biding.according to shri patel, the revenue authorities are entitled to go behind the smoke-screen of the corporate mantle and discover the true state-of-affairs. he cited series of judgments of hon'ble supreme court and various high courts in support of his contentions that the .....

Minor Prahlad Ugardas Patel Oral Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1995)53TTJ(Ahd.)115

..... 1973 ctr (sc) 107 : (1973) 88 itr 323 (sc), ram pyari devi saraogi vs. cit (1968) 67 itr 84 (sc) and addl. cit vs. mukur corporation (1978) 111 itr 312 (guj).a direction as to protective assessment on the beneficiary of a trust under such peculiar, complex and complicated cases of chain of trust by the ..... justified and is also fortified by the various judgments relied upon by the learned counsel for the assessee. we, therefore, direct the assessing officer to grant credit of taxes paid by the main trust on proportionate basis in the cases of the appellant beneficiary deferred trusts by treating those payments as having been made on ..... as far as oral discretionary trusts are concerned they are oral trusts created on or about 28th december, 1979 mentioned above. each of these trusts, as already stated, has two beneficiaries and those two beneficiaries are by themselves oral discretionary trusts and beneficiaries of the subsequently mentioned oral trusts are three individuals. as far as third .....

Assistant Commissioner of Vs. Krishna Textiles

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1996)59ITD523(Ahd.)

..... after introduction of section 43b of the act. the hon'ble supreme court in the case of chowringhee sales bureau (p.) ltd. (supra) itself had clarified that crediting sales tax separately in its account books under the head "sales-tax collection account" did not make any difference. according to the apex court it is the true nature ..... 43b cannot be invoked as the excise amount cannot be termed as duty and/or the assessee had not claimed deduction of the same in profit & loss account but credited the same to excise liabilities account by debiting the separate account of customers (excise). (c) thirdly, even if section 43b is invoked on the basis that the ..... central government. the above provision makes it clear beyond doubt that any payment which falls short of resulting in credit of the amount to the central government cannot be treated as payment of excise duty as it clearly states that notwithstanding anything to the contrary contained even in any order of any court. thus, also the payment in .....