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Judgment Search Results Home  Phrase:income tax act 1961 section 44ae  Court:karnataka

Sep 19 2006

United India Insurance Co. Ltd. Vs. Bhagyalakshmi and Ors.

  • Decided on : 19-Sep-2006

Court : Karnataka

Reported in : 2007ACJ1676

... under sections 142(1) and 143(2) and served on the assessee's gpa holder m.l. ravi, who in response to ... lorries, nor had he declared his income at rs. 30,00,000 per month. he also stated that he has no personal knowledge about the ... . 3 and the son of the deceased. said assessment order would further disclose that a return of income was filed on 29.3.1996 for the assessment year 1993-94 by late m.n. lingappa, in response to the notice issued under section 148 (sic of income tax act, 1961) and that since it was a belated return, the same was lodged and notices were issued ... of the deceased, it is only ravi, claimant no. 3, who was an income tax assessee and not the deceased. he has in fact produced the file pertaining to ravi, claimant no. 3. according to him, the deceased had declared only 8 lorries under section 44-ae (sic of income tax act, 1961). he has stated that the deceased had never declared that he is having 100 ...

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Sep 29 1999

Widia (India) Ltd. and Ors. Vs. Commissioner of Income-tax

  • Decided on : 29-Sep-1999

Court : Karnataka

Reported in : (1999)151CTR(Kar)142; [2000]242ITR678(KAR); [2000]242ITR678(Karn)

... therefrom the amounts of depreciation which would have been allowed on such assets in the regular method of assessment in accordance with the provisions of sections 28 to 43 of the income-tax act, 1961, without applying the provisions of section 115j(1), and the resultant amounts of written down value will only have to be carried forward to the next year ?'6. on behalf of ... assessment of total income or loss has to be under section 143(3). the computation of income under section 143 is depending on various other sections. even if computation is made under section 115j, it is only an order which is passed under section 143(3). the other provisions like the provision for limitation under sections 153 and 147 are also applicable. sections 44ad and 44ae which provide for determination ... of business income in respect of certain categories, the assessment has to be made under section 143(3). there are no two computations of assessed income in section 115j and it is only for the purpose of examining the applicability of section 115j at a preliminary stage a computation under the normal provisions of the income-tax act is made ...

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