Judgment Search Results Home > Cases Phrase: tezpur university act 1993 section 3 the university Court: income tax appellate tribunal itat mumbai Page 1 of about 17 results (0.195 seconds)

Sandvik Asia Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1985)14ITD35(Mum.)

..... learned counsel has referred to several authorities. the indian edition 1976 of managerial economics by joel dean of graduate school of business, columbia university, gives the following : last in first out (lifo) inventory accounting can, in periods of inflation, help approximate contemporary dollar earnings. ..... and legality of the assessment. 3. disallowance of surtax liability and the expenses disallowed under section 40a(5) of the income-tax act, 1961 ('the act').2. the assessee-company manufactures various tungsten carbide products such as tips, dyes, nibs, drill steels, cutters, etc. the ..... lifo method is not acceptable. however, this can be said to be an author's view but there is nothing in the act that lifo method is totally banned. j.batty has observed as under :--------------------------------------------------------------------------------method of pricing brief definition base of likely--------------------------------------------------------------------------------last in .....

Rai Saheb Rekhchand Mohota Spg. and Vs. Dy. Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)5SOT561(Mum.)

..... -1986 between the assessee-company and shri vinay kumar mohota and the assessee company agreed to send mr. mohota for training abroad in united states of america at rhode island university for a period of five years and, company agreed to bear and pay cost of good lodging, boarding, training fee, if any, washing and other sundry expenses of the ..... these appeals are assessee's appeals directed against two separate orders of learned commissioner (appeals)-i, mumbai dated 30-7-1992 for assessment year 1989-90 and dated 20-7-1993 for assessment year 1990-91; and since, one issue in both the appeals is common, both these appeals are disposed off by this common order for the sake of convenience ..... nos. 1 and 2 in both the years is regarding not allowing the expenses incurred for the training of shri vinay kumar mohota under section 37(1) of income tax act, 1961 being rs. 1,27,526 in assessment year t989-90 and rs. 81,387 in assessment year 1990-91.briefly stated, the facts of the case are that .....

Gtc Industries Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1998)65ITD380(Mum.)

..... witness mentioned in the statement filed before the tribunal in the letter dated 3-8-1992 (pp.74 to 87-a-4) and 14-12-1993, 23-12-1993 and 5-1-1994 addressed to the cit(appeals) pp. 126 to 158, 159 to 161 and pp. 162 to 207 of a-12, ..... the letter to the cit(appeals) dated 3-8-1992 (a-4, pp. 84-87) and the letters of the cit(appeals) dated 14-12-1993, 5-1-1994 (at pp. 126 to 158 and pages 162 to 207 of a-12).in para-61 of the tribunal order (a-1 p ..... 145 per m and a printed price of rs. 1.65 (later revised to rs. 90 and rs. 1.05 w.e.f. 7-8-1993. both brands were sold to the trade as one brand and one price, the lower priced brand entailing premium on it.13. whenever on a ..... dr.bentley was served with an originating process from the university of cambridge. he not only ignored the process but went even to the extent of suggesting that the vice-chancellor acted like a fool. without hearing mr. bentley in his defence the university straightaway deprived him of his degrees. thereupon, dr. bentley .....

Cadell Weaving Mill Co. Pvt. Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... casual and non-recurring but they were found to be assessable to tax in the hands of the assessee under section 10(3) of the income-tax act. in universal radiators v. cit [1993] 201 itr 800 (sc) at page 805, it is held that what is essential to be proved before a particular receipt is to be taken ..... the learned departmental representative cited two decisions reported in : 50. he requested us particularly to take into consideration the assessment years involved in both the abovecited decisions. in universal radiators' case [1993] 201 itr 800 (sc), he pointed out that the assessment year involved is 1967-68. therefore, though the receipt in that case was considered to be casual ..... as casual and non-recurring. after quoting section 10(3) of the income-tax act, 1961, their lordships held at page 805, the following : "in the substantive clause, .....

Nirmal Udyog Co. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1998)65ITD73(Mum.)

..... no relation to the type of the case which is before us. our attention was invited to the following authorities :tribhovandas bhimji zaveri vs. union of india (1993) 204 itr 368 (sc); and the learned departmental representative did not agree with the contention of the assessee that there was no capitalisation of the disclosure. in ..... disclosed income" or "voluntary disclosure scheme" as appearing in this act had universal application to such term appearing at any other place in the it act. in our opinion, the term 'voluntary disclosure scheme' appearing in this act was only relevant for ss. 3 and 14 of this act itself and was not applicable to the disclosures made under s ..... kishorilal f.jhunjhunwala recorded during search, order under s. 132(5) and order of the hon'ble supreme court in tribhovandas bhimji zaveri vs. union of india (1993) 204 itr 369 (sc). relying on the statements, he submitted that kishorilal jhunjhunwala has admitted the concealment whereas from the order under s. 132(5), he .....

Videsh Sanchar Nigam Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2002)81ITD456(Mum.)

..... circumstances so as to arrive at a decision as to what was the real nature of the transaction from the commercial point of view. no single test of universal application can be discovered for a solution to the question. the name which parties may give to the transaction which is the source of the receipt and the ..... held by hon'ble justice sikri that none of the tests laid down in the various authorities to distinguish between revenue expenditure and capital expenditure is exhaustive or universal and that each case must depend on its own facts and a close similarity between one case and another is not enough, because even a single significant detail ..... fact, there is a reference to the powers conferred upon the director general - telecommunications (telegraph authority) under s. 4 of the indian telegraph act, 1885, in the letter written by the dot on 31st march, 1993, to the assessee-company (p. 41 of the paper-book). the licence fee paid by the assessee derives its authority only from the .....

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 .....

institute of Banking Personnel Vs. Assistant Director of Income-tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1998)67ITD160(Mum.)

..... we may, however, clarify that the assessee cannot be given the benefit of section 10(22) of the i.t. act. this section exempts the income of an university or other educational institution, existing solely for educational purposes and not for purposes of profits. the appellant society cannot be equated to ..... this context he relied upon the decision of the hon'ble patna high court in the case of cit v. tata steel charitable trust [1993] 203 itr 764. it is also pleaded that the assessee cannot be regarded as an educational institution and so it cannot be extended the ..... income and expenditure accounts of the assessee for the respective years :------------------------------------------------------------------------- year ended------------------------------------------------------------------------ 31-3-1990 31-3-1991 31-3-1992 31-3-1993 31-3-1994------------------------------------------------------------------------(1) materialfees 1,85,83,480 2,15,85,479 2,10,27,000 2,40,04,219 3,21,67,715( .....

Video Master Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2002)83ITD102(Mum.)

..... relied upon various court cases to support his contention, as has been mentioned above. the first case relied upon by the learned counsel is krishan v. the kurukshetra university (supra). in this case, the hon'ble supreme court has held that the admission made in ignorance of legal rights or under duress cannot bind the maker ..... wise electricity consumption and number of cassettes submitted during the course of assessment proceedings, the ao estimated the recording capacity at 80 per cent during the asst. yrs. 1993-94,1994-95 and 1995-96. according to the ao, the estimated production of video cassettes per year was 1,20,000 cassettes. thus, he estimated the ..... which were necessary as per the provisions of section 142(2) of the act. in support of his contentions, the learned counsel relied on the following court cases : (i) pullangode rubber produce co. ltd. v. state of kerala and anr. (supra);shri krishan v. kurukshetra university air 1976 sc 376; civil appeal no. 947 of 1975 (iii) sunder .....

Darabshaw B. Cursetjee'S Sons Vs. Assistant Commissioner Of

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... v.s.a.l. narayan row, cit [1966] 61 itr 428, cit v. cocanada radhaswami bank ltd. [1965] 57 itr 306, universal radiators v. cit [1993] 201 itr 800/68 taxman 45 and cit v. g.r. karthikeyan [1993] 201 itr 866/68 taxman 145 and on the bombay high court in mehboob productions (p.) ltd's. case (supra).12. the annual ..... other contract for making the payment. the department did not merely reject the debit notes but, had inferred what the debit notes states is not what was intended to and acted upon by the parties. now, comes the nature of the receipt of past repairs, restoration and renovation, bearing any character of income. on this proposition, how does it ..... amount without expecting nothing in return and this could be nothing else but, certain services rendered to them. the term 'income' as defined in section 2(24) of the act is exhaustive and not inclusive and in our opinion that it includes what is received or what comes in by exploiting the property. further, whether a receipt is liable to .....