Judgment Search Results Home > Cases Phrase: textile undertakings nationalisation act 1995 chapter 6 commissioners of payments Page 16 of about 797 results (0.230 seconds)

R. Vinoth Kumar Vs. the Secretary, Selection Committee, Sabarmathi Hos ...

Court : Chennai

Reported in : (1995)2MLJ158

..... shri jagadish mills ltd., was a public joint stock company incorporated under the then baroda state companies act and having its registered office at baroda. the appellant was the owner of a textile mill and carried on business in manufacturing and selling textiles at baroda.(a) in the accounting years 1942 and 1943, tenders were invited by the government of ..... crossed demand draft for rs. 100 (rupees one hundred only) drawn in favour of director of indian medicine and homeopathy payable at madras, obtained from anyone of the nationalised banks on or after 2.5.1994 and if the application was required to be sent by post, a self addressed envelope of 33 cm x 12.5 cm ..... of prescribing an alternative mode enabling the candidates to send their applications by registered post is to make it convenient to thousands of them who cannot afford to undertake a journey to the city of madras and the office of the selection committee. our country is still poor one and there are many students who are below .....

First Global Stockbroking (P) Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)115TTJ(Mum.)173

..... operating the business affairs of the assessee.the assessee is a flagship company in the group and the main business of the company is undertaking shares and stockbroking and arbitrage operations. the assessee company is member of both the premier stock exchanges of india. the facts emerging out ..... court decision in the case of rajesh kumar (supra) as well as on the strength of the tribunal's order in the case of bajrang textiles v. dy. cit (supra) that audit report obtained under section 142(2a) cannot be used against the" assessee because opportunity of hearing before ..... | | |explained as advance tax || | | | | |payment of some clients of mr. || | | | | |khanna but no evidence in || | | | | |support of the explanation. || | | | | |presumption of section 132(4a) of || | | | | |the act. ||3 | | | | | || |220 |a-1/3 |172 to 174 |2,79,841 |addition of brokerage @ 0.05 || | | | | |per cent on the amount of || | | | | |transaction of shares. jottings || | | | | |of share transaction, with .....

Punjab State Industrial Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2007)292ITR268(Chd.)

..... light & power co. ltd. cit v. gannon dunkerley & co. (p) ltd. (vi) palani sri murugan textiles ltd. (by official liquidator) v. asstt. cit 31. reference to section 58 of the it act would also be relevant to appreciate as to whether the establishment expenses are to be deducted in computing the income from other ..... of its shareholdings in joint/assisted sector projects and private sector projects as per the provisions contained in the financial collaboration agreements and buy back undertakings respectively executed by the collaborators/promoters with the corporation. (d) as per financial collaboration agreements the collaborators have to buy back the shares at ..... evident from above that deduction under section 57 is to be allowed on finding relationship between expenditure and income, an exercise revenue has to undertake before allowing deduction while computing dividend income. the deduction cannot be made on estimate or presumption basis. this is even demonstrated from the decision .....

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 .....

The Icici Ltd. Vs. Dy. Cit, Special Range 36

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... business in october, 1993 and made a public issue of shares in november, 1993. according to the prospectus issued by assessee company the company was going to undertake leasing, hire purchase and bill discounting activities for which it had the necessary authority in the memorandum of association.a special resolution was also passed at the ..... firstly, we have to remember that rseb is a statutory body constituted under sec. 5 of the electricity (supply) act, 1948 as a body corporate, wholly owned by the government of rajasthan and is a public sector undertaking of the state government. it enjoys the status of a regulated monopoly, charged with the functions of generation, transmission ..... the principles laid down by the allahabad high court in nathu ram premchand v. cit (49 itr 661) (all) and by the mumbai bench of the tribunal in balaji textile industries (p) ltd. v. third income tax officer (49 itd 177)(mum).72. according to mr. dastur, the id. counsel for the assessee, it is not .....

Mid East Port Folio Management Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2003)87ITD537(Mum.)

..... the assessee furnished a detailed explanation in its letters dt. 10th march, 1998 and 18th march, 1998. it was admitted that no physical inspection of its own was undertaking before purchasing the equipment from rseb but the assessee relied on the valuation done by choudhary & associates. this was in the letter dt. 18th march, 1998.however, ..... firstly, we have to remember that rseb is a statutory body constituted under section 5 of the electricity (supply) act, 1948 as a body corporate, wholly owned by the government of rajasthan and is a public sector undertaking of the state government. it enjoys the status of a regulated monopoly, charged with the functions of generation, transmission ..... laid down by the allahabad high court in nathu ram premchand v. cit (1963) 49 itr 561 (all) and by the mumbai bench of the tribunal in balaji textile industries (p) ltd. v. ito (1994) 49 itd 177 (mumbai).72. according to mr. dastur, the learned counsel for the assessee, it is not retrospective since .....

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 .....

Datamatics Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)110ITD24(Mum.)

..... for deduction under section 80hhe as the total turnover of the entire business of the assessee company, instead of total turnover only in respect of the undertaking profit, is in accordance with law. learned departmental representative further submitted that section 80hhe on this point is very clear.31. we heard the rival submissions ..... otherwise allowable in computing income from business. learned counsel relied upon the decision of the hon'ble allahabad high court in the case of cit v. apollo textiles agency .40. the learned departmental representative, on the other hand, supported the orders of the revenue authorities.41. we heard the rival submissions. in the ..... interest chargeable under section 234b, without appreciating the facts of the case and without appreciating the provisions of sub-section (3) of section 234b of the it act, 1961, which explicitly provides 'where, as a result of an order of reassessment or recomputation under section 147 or section 153a, the amount on which .....

Hari Gopal Chopra Vs. Commissioner of Income-tax

Court : Authority for Advance Rulings

Reported in : (1999)237ITR135AAR

..... application no. p-5 of 1995, in re [1997] 223 itr 379, and it was held that every nationalised bank was deemed to be an indian company for the purposes of the income-tax act and that the assets deposited in such a bank, would attract the provisions of section 115c read with section 115h. ..... indicated in the first schedule to the act is deemed to be an indian company and, as such, this objection to the applicability of section ..... invested in a "specified asset" as envisaged in section 115c(f) of the act. however, during the hearing before the authority, smt.anuradha bhatia, deputy commissioner of income-tax, conceded that section 11 of the banking companies (acquisition and transfer of undertakings) act, 1980, made a specific provision to the effect that every corresponding new bank .....

Deputy Commissioner of Income Tax Vs. Reliance Industries Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2003)87ITD209(Mum.)

..... to exist and, therefore, this case has no relevance.21. as regards the learned departmental representative's reliance on the judgment in the case of anglo-french textiles company ltd. v. cit (supra), the hon'ble supreme court has held as under : "an isolated transaction between a non-resident and a resident in ..... of the words "business connection". he placed reliance on the following judgments :kalwa devadattam and ors. v. union of india and ors. (1963) 49 itr 165 (sc) (iv) bikaner textile merchants syndicate ltd. v. cit (1965) 58 itr 169 (raj) (v) performing right society ltd. and ors. v. cit (1974) 93 itr 44 (cal) (vi) performing ..... circulars do constitute an order/instruction or direction as contemplated in section 119 of the act.34. as regards the learned departmental representative's contention that the contents of the circular must be limited to government departments and the public sector undertakings and autonomous bodies, we may point out explicitly the correct position of law as .....