Judgment Search Results Home > Cases Phrase: tezpur university act 1993 section 22 the planning board Sorted by: old Court: income tax appellate tribunal itat mumbai Page 2 of about 23 results (3.762 seconds)

Clifford Chance Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2002)82ITD106(Mum.)

..... the law of partnership. this branch of law owes its origin from the dictum : qui facit per alium facit per se. he who acts through another acts himself. the acts of the agents are the acts of the principal.let us ponder the practical aspect. take an example. if a pedestrian is hit by a truck that belongs to xyz firm ..... cannot constitute income.reference was made to the decision of the hon'ble delhi high court rendered in the case of cit v. industrial engg. projects (p) ltd. (1993) 202 itr 1014 (del) wherein the hon'ble high court declined to grant reference to the department. it was stated that it was a case of pure reimbursement of ..... "member" was also explained with reference to the definition as given in black's law dictionary.11. it was demonstrated with reference to the sections of english partnership act and indian partnership act listed above that the word "partner" and "member" are inter-changeable. learned counsel argued that the reference to "partnership" in article 15 of the dta is .....

Mrs. Gulshanbanoo R. Mukhi Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2002)83ITD649(Mum.)

..... accepting more than one residential unit as a residence is an exception dictated by compulsion of circumstances but not a rule to be followed universally.the assessee had referred to section 13 of the general clauses act. the cit(a) held that the provisions is to be seen with reference to the context. therefore, every singular word will not ..... about the fmv of any property. it was only a piece of evidence in the form of advice.reliance was placed in the case of hotel amar v. cit (1993) 200 itr 785 (on). it was contended that the depreciation of property was not properly considered. multiplying factors adopted by the assessee's valuer were not correct and ..... .9. the learned departmental representative relied on the order of the cit(a) in this behalf upholding the reopening which, inter alia contains that the scheme of the act suggest that the law intends to treat an assessment under section 143(1)(a) as an alternative assessment. consequently, a scrutiny assessment under section 143(3) need not .....

Harsha Bhogle Vs. Assessing Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2003)86ITD714(Mum.)

..... of audit report being filed along with the return of income was mandatory. patna & calcutta high courts in the cases of sitaram bhagwandas (supra) and cit v. universal trading co.[1978] 114 itr 412 (cal. ) held that report can be filed with revised return. madras high court in the case of a.n. arunachalam ( ..... has been treated as sufficient compliance by the courts in various decisions. in this connection, the assessee referred to the following decisions:cit v. gujarat oil & allied industries [1993] 201 itr 325 (guj.) (vi) associated stone industries (kotah) ltd. v. dy. cit [1999] 68 itd 312(jp.).the assessing officer has further stated that ..... director of a film has no basis whatsoever. regarding the contention of the learned counsel that the activities of shri bhogle are coming within the scope of acting in dramatic performances, cinematography films and tv programmes, we would like to mention that shri bhogle is neither indulging himself in any dramatic performance nor cinematography .....

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

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... absolutely necessary to do so. in fact, there can be no common rules for finding out the genuineness of a particular slb transaction, which can be of universal application. nor can any such norms be exhaustive. however, very broadly and without limiting ourselves to what has been stated in our order, the following may ..... for which it had the necessary authority in the memorandum of association.a special resolution was also passed at the extraordinary general meeting held on 22.6.1993. pursuant to this object, the assessee company responded to the advertisement issued by rseb. the assessee was part of a syndicate formed to finance rseb. ..... against existing assets attracting 100% depreciation at a monthly lease rental ............" (underlining ours). the repeated references to assets attracting 100% depreciation under the income-tax act shows the anxiety of the parties, especially of the assessee which was in a position to influence and control the documentation prepared by rseb, to make sure .....

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

Court : Income Tax Appellate Tribunal ITAT Mumbai

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

..... absolutely necessary to do so. in fact, there can be no common rules for finding out the genuineness of a particular slb transaction, which can be of universal application, nor can any such norms be exhaustive. however, very broadly and without limiting ourselves to what has been stated in our order, the following may ..... for which it had the necessary authority in the memorandum of association. a special resolution was also passed at the extraordinary general meeting held on 22nd june, 1993. pursuant to this object, the assessee-company responded to the advertisement issued by rseb. the assessee was part of a syndicate formed to finance rseb. the ..... 100 per cent depreciation at a monthly lease rental..........". (underlining, italicised in print, ours) the repeated references to assets attracting 100 per cent depreciation under the it act, shows the anxiety of the parties, especially of the assessee which was in a position to influence and control the documentation prepared by rseb, to make .....

Morarjee Goculdas Spg. and Wvg. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)98TTJ(Mum.)201

..... the assessee-company could not claim innocence on this issue. the assessee was in possession of copy of the balance sheet of rfl for the years ending 31st march, 1993 and 31st march, 1994.these balance sheets clearly mentioned that all immovable properties of rfl including machinery, etc. had prior charge in favour of the financial institutions.14.1 ..... under section 158bc an assessment was made by the ao on 31st july, 1997 under section 158bc(c) of the act, computing undisclosed income in respect of 14 lease transactions for the period from asst. yrs. 1987-88 to 1993-94, disallowing the depreciation of rs. 34,11,36,758 and interest of rs. 5,01,81,901 aggregating ..... at various places. thereafter, the ao passed on 31st july, 1997, an order under section 158bc(c) of the act. in this order, the ao did not compute any undisclosed income for asst. yrs. 1987-88 to 1993-94. for the remaining part of the block period, undisclosed income was determined on the ground that 14 lease transactions as .....

The Morarjee Goculdas Spg. and Vs. Dy. Commissioner of Income Tax,

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... filed under section 158bc an assessment was made by the ao on 31-7-1997 under section 158bc(c) of the act, computing undisclosed income in respect of 14 lease transactions for the period from assessment year 1987-88 to 1993-94, disallowing the depreciation of rs. 34,11,36,758/- and interest of rs. 5,01,81,901/- aggregating, to rs ..... situated at various places. thereafter, the a.o. passed on 31.7.97 an order under section 158bc(c) of the act. in this order, the a.o. did not compute any undisclosed income for asst.years 1987-88 to 1993-94. for the remaining part of the block period undisclosed income was determined on the ground that 14 lease transactions as ..... for the assessee argued that in the impugned order under section 158bc, the learned assessing officer has not assessed any income from undisclosed source for and up to asst. year 1993-94. for asst. year 1994-95 and 1995-96, the assessee had filed the returns of income but assessment orders had not been passed. he argued that when all .....

Amitabh Bachchan Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)97TTJ(Mum.)516

..... numerous details or which is dependent on the personal qualification or volition of the parties, the court cannot enforce specific performance. in dr. s.b. dutt v. university of delhi , the supreme court considered a case in which a professor was dismissed from service and the dispute was referred to an arbitrator. the arbitrator gave the ..... possession of the disputed property. it was not a party in the award case and the earlier two orders passed on 11th jan., 1971 and 26th aug., 1993 on the basis of which direction was given to the appellant to deliver possession of the disputed property. in the circumstances, the application made by the appellant ..... in the memorandum to this effect as discussed above. in this regard, the learned departmental representative drew our attention to the provisions of section 17 of companies act which deals about the change of objects and approval thereof.6. we have considered the rival submission and have carefully gone through the discussions in the impugned .....

West Coast Paper Mills Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)100TTJ(Mum.)833

..... ground that the power generated from captive plants was not entitled for the deduction. reliance was placed on the decision of the calcutta high court in the case of universal electronics ltd. v. ctt .27. shri s,e. dastur, the learned senior counsel appearing for the assessee contended that the assessee has satisfied the conditions laid down ..... articles manufactured by the new unit and consumed by the assessee itself for its existing business was not relevant in considering deduction available under section 80j of the it act, 1961. we are of the considered opinion that our finding is supported by the above judicial pronouncements.30. the exemption itself was introduced as an incentive to ..... increase the power generation in the country. the said objective is made clear in the memorandum explaining the provisions of the finance bill, 1993 introduced in the parliament (200 itr (st.) 140). the above object has further been clarified in its circular no. 657 issued by cbdt on 20th aug .....

Dy. Cit Vs. Sarabhai Piramal

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... for each of the five immediately succeeding previous years. (2) where the know-how referred to in sub-section (1) is developed in a laboratory, university or institution referred to in sub-section (2b) of section 32a, one-third of the said lump sum consideration paid in the previous year by the assessee ..... integral part thereof. in these circumstances, the term 'patent' include trademarks and, therefore, the assessee is entitled to deduction under section 35a of the income tax act.30. without prejudice to the above contentions, the learned counsel for the assessee submitted that the expenditure on trademark falls within the definition of plant and, therefore ..... patent or proprietary medicines to which this tariff items apply are those medicines, which have brand name or registered trademark under the trade and merchandise marks act and carry such market symbol or monogram as to establish relation between medicine and producers and manufacturers, i.e., the writing of the monogram on the .....