Judgment Search Results Home > Cases Phrase: textile undertakings nationalisation act 1995 chapter 6 commissioners of payments Court: income tax appellate tribunal itat delhi Page 1 of about 4 results (0.087 seconds)

Mange Ram Mittal Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Delhi

..... trace is left regarding them or their members after the contract has been executed. persons have also been found to have taken contracts in benami names by floating undertakings or associations for short periods. since tax is payable in the assessment years in respect of the incomes of the previous years, the time by which the ..... made by the assessing officer on the basis of wild guess or estimate. reference was made to chitra devi v. asstt. cit (2002) 77 ttj 640 (jodh); bajrang textiles v. dy.cit (2004) 3 sot 115 (jodh.) and pankaj dahyabhai patel (huf) v. asstt.cit (1999) 63 ttj 790 (ahd.). the learned counsel also objected ..... initial admission or statement given by a party/witness constituted an independent evidence of fact and unless there was adequate material such statements were required to be acted upon. the commissioner departmental representative further argued that mere allegation that the statements were recorded under coercion and threats was not enough and it was necessary to .....

Mange Ram Mittal Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2006)103ITD389(Delhi)

..... no trace is left regarding them or their members after the contract has been executed. persons have also been found to have taken contracts in benami names by floating undertakings or associations for short periods. since tax is payable in the assessment years in respect of the incomes of the previous years, the time by which the incomes ..... all the additions made by the ao on the basis of wild guess or estimate. reference was made to chitra devi v. asstt. cit (2002) 77 ttj (jd) 640; bajrang textiles v. dy. cit (2004) 83 ttj (jd) 566 : (2004) 3 sot 115 (jd) and pankaj dahyabhai patel (huf) v. asstt. cit (1999) 63 ttj (ahd) 790. ..... the initial admission or statement given by a party/witness constituted an independent evidence of fact and unless there was adequate material such statements were required to be acted upon. the cit departmental representative further argued that mere allegation that the statements were recorded under coercion and threats was not enough and it was necessary to prove .....

Shri Manoj Aggarwal, Bemco Vs. Dcit

Court : Income Tax Appellate Tribunal ITAT Delhi

..... to carry the gold bars with him from delhi to ahmedabad and to bring the sales proceeds in cash from ahmedabad to delhi all by himself and by undertaking journeys by train. however, bishan chand aggarwal in his statement dated 16.8.2002 has explained this by saying that most of the times the journey had ..... was residing there with her husband-vijay aggarwal and (sic) children that there was no other person residing in the flat, that vijay aggarwal was carrying on textile business and anita aggarwal was a housewife, that no permission had been asked for by them for conducting any business from the flat and that no customer was found ..... to a regular assessment including re-opening a completed assessment but he cannot drag these items into the block assessment proceeding envisaged under chapter xiv-b of the act. thus, a block assessment proceeding is distinct and different from the regular assessment proceeding and the chapter with which we are concerned deals exclusively with block assessment .....

Additional Commissioner of Vs. Nestle India Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)94TTJ(Delhi)53

..... of rs. 8.69 crores only on a turnover of rs. 144.71 crores and royalty amounted to rs. 5.98 crores. the payment of royalty for nanjangud industrial undertaking was, therefore, excessive with reference to the book profit. this clearly indicated that the profitability from the coffee was extremely low and did not justify huge payment made by the ..... beta naphthol (p) ltd. v. dy. cit (1994) 50 ttj (ind) 375; vikshara trading & investment (p) ltd. v. dy. cit (1998) 61 ttj (ahd) 6; ito v. j.k.k. textile processing mills (1985) 23 taxman 27 (mad)(mag); binit corporation v. ito (1986) 24 ttj (and) 571 : (1986) 25 taxman 238 (ahd)(mag) and rangoon chemical works (p) ltd. v ..... of enforcement, but it is the rbi and the rbi alone that has to decide whether permission may or may not be granted under section 29(1) of the act. the act makes it its exclusive privilege and function. no other authority is vested with any power nor may it assume to itself the power to decide the question whether permission .....