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Judgment Search Results Home > Cases Phrase: comparative chart of corresponding sections of 1983 act Court: income tax appellate tribunal itat jodhpur

Sep 09 2005 (TRI)

Hotel Hilltone (P) Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Jodhpur

Reported in : (2005)97TTJ(Jodh.)969

..... to have been received by the assessee as per settlement of bill with patel tourist, mumbai on 18th oct., 2000. it was observed that the corresponding nos. 93013 to 056 revealed that 162 students @ rs. 725 per head per day had stayed for two days. on the contrary, the learned ..... against the disproportionate expenses on account of house keeping, water, electricity and washing, etc. here also, we find that the ao misdirected himself by comparing house keeping, water and electricity expenses, etc., with the receipts on account of room tariff. there does not appear to be any reason for matching ..... gp rates declared by the assessee in this year was certainly better than those of the earlier years in which also assessments were made under section 143(3). we shall be referring to the contentions of the learned authorised representative while discussing the justification for rejection of book results infra. ..... room tariff by more than rs. 10 lakhs. the learned departmental representative could not controvert the calculation so shown by the assessee in the above chart. it is further noted that the learned cit(a) had proceeded with the presumption that the assessee had 68 rooms at its disposal throughout ..... less demand of rooms depending upon the holidays, working days, etc. and above that, the inflow of customers. there is no provision in the it act mandating the charging of a particular amount as hotel room rent and prohibiting the assessee from charging higher or lower amount. it is a matter of .....

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Jun 27 2008 (TRI)

income Tax Officer Vs. Bothra International and ors.

Court : Income Tax Appellate Tribunal ITAT Jodhpur

..... various foreign buyers. (v) further there is continuous increase in the competition from within the country and from other countries mainly china, where such wooden handicraft items are available comparatively cheaper. (vi) the assessee had maintained regular books of account, which are supported by regular bills and vouchers, and no defect or discrepancy had been observed by the ..... of "profits of the business of the undertaking" used in section 10ba(4) determines the quantum of deduction allowable under section 10ba(1), as is clear from the plain language of section 10ba(4) as compared to other provisions like section 80hh or 80-1 or clause (baa) of explanation to section 80hhc, has not been properly considered by the learned cit-departmental ..... w.e.f. 1st april, 2004. (ii) the learned departmental representative referred to the provisions of sections 10ba, 80hh, 80hhc including expln. (baa) thereof, for purposes of comparing the language of the aforesaid provisions. he contended that for eligibility of deduction under section 10ba. the profits of the business should be derived by an undertaking from the export out of ..... the purposes of the undertaking referred to in section 80-ia. (a) "convertible foreign exchange" means foreign exchange which is for the time being treated by the rbi as convertible foreign exchange for the purposes of the foreign exchange management act, 1992 (42 of 1999), and any rules made therexander or any other corresponding law for the time being in force; .....

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