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Judgment Search Results Home > Cases Phrase: hindu marriges validation of proceedings act 1960 Court: income tax appellate tribunal itat mumbai Year: 1997 Page 1 of about 1 results (0.036 seconds)

Dec 23 1997 (TRI)

Rajas R. Doshi Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Decided on : Dec-23-1997

Reported in : (1998)67ITD379(Mum.)

..... been a gross under-valuation of the roperty in the previous year. therefore, the notice issued by the wto under section 17 was valid. however, it would be open to the assessee, in proceedings pursuant to the notice, to contest the same on all such grounds as he might be advised.we are of the view that ..... soon thereafter, sold the property for the almost equivalent value of rs. 5,00,000 the wto issued a show-cause notice under section 17 of the wt act, 1957, in respect of the assessment year 1976-77 on the ground that he had reason to believe that the net wealth of the assessee chargeable to ..... and trustees of the estate of late shri ratanchand hirachand; mr. rajas r. doshi & aryind r. doshi have applied for a certificate under section 230a of the it act 1961 for executing sale deed of the property situated at chaturshringi hill, survey no. 87/a-1/17/87/a-1 /3 and 87-b village aundh ta. ..... and truly all material facts necessary for asst. his net wealth chargeable to tax on this account has escaped assessment under section 17(1) (a) of w.t. act. issue notice under section 17(1) (a)." 4. the main plank of attack launched by shri khare, ld. counsel for the assessee, is that all material ..... of rs. 16 lakhs and the assessing officer came to know of this sale deed when the assessee applied for a certificate under section 230a of the it act vide his application dated 31-5-1983. the requisite certificate under section 230a was issued on 19-3-1983. but on the basis of the valuation shown .....

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Feb 18 1997 (TRI)

international Computers India Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Decided on : Feb-18-1997

Reported in : (1997)63ITD195(Mum.)

..... instance of the revenue, the income-tax appellate tribunal has referred the following questions to this court under section 256(1) of the income-tax act, 1961, in a proceeding for the assessment year 1971-72 : "(1) whether, on the facts and in the circumstances of the case, the tribunal was correct ..... at purnea. the new partnership also obtained registration under the indian income-tax filed voluntary returns and it was separately assessed for the assessment year 1960-61 and thereafter.in the assessment year 1959-60 messrs prayagchand hanumanmal installed machinery of the value of rs. 5,80,055 in shri mahabir cold ..... partners in their capacity as individuals if they have taxable income, the appellant is separately registered under section 26a of the 1822 act and assessed to tax from the assessment year 1960-61 and onwards. there is no reconstitution of the original firm, prayagchand hanumanmal, inducting periwal and co. (p.) ltd. as ..... its partner thus, it is not a successor-in-interest of the old firm as per the provisions of the act.the question then is whether ..... is sufficient compliance that the asset is owned by the assessee and is used by it in its business of hiring or leasing. if we proceed on the basis that the hiring leads to otherwise transferred then, on every occasion a person hires a taxi, it must be deemed to have .....

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