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Judgment Search Results Home > Cases Phrase: income tax act Court: rajasthan Page 2 of about 6,575 results (0.039 seconds)

Feb 07 2002 (HC)

H.H. Maharao Brij Singh Vs. Union of India (Uoi) and ors.

Court : Rajasthan

Reported in : 2002(2)WLC391; 2002(5)WLN136

..... can deduct the amount for area found less during joint survey.''your kind attention is also invited to the provisions of section 194-1 of the income tax act, 1961 as amended for compliance as regard recovery of income tax at source and, therefore, the same be deducted while making payment.'5. against aforesaid deduction (ann. 15) the petitioner moved an application (ann. ..... by the collector, kota and the income tax department is not arrayed as party respondent to this writ petition. however, i have heard this writ ..... order, 1949 this palace 'ummed bhawan compound' was declared to be an official residence of ex-ruler of kota. section 10(19a) of the income tax act, as amended by the rulers of indian states (abolition of privileges) act, 1972, reads as under :-'(19a) the annual value of any one palace in occupation of a ruler, being a palace, the annual value ..... the respondents are accordingly overruled.27. as regards deductions towards tds income tax on total amount of recurring compensation paid i.e. rs. 21,49,932/-, exemption is claimed by the assessee (petitioner) by virtue of section 10(19a) of the income tax act, 1961 (for brevity it act), though admittedly such tds income tax amount has already been deposited by challan with the it department .....

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Aug 26 2003 (HC)

Commissioner of Income-tax Vs. Rajasthan Rajya Vidyut Prasaran Nigam L ...

Court : Rajasthan

Reported in : [2005]272ITR401(Raj)

..... 1990-91 relevant to the assessment year 1991-92. the assessing officer considered the conveyance allowance as part of the income of the employees, imposed additional tax on the principal officer of the board ; and levied interest under section 201 of the income-tax act, on it. aggrieved by the order passed by the assessing officer, the respondent filed an appeal before the commissioner of ..... , on the facts and in the circumstances of the case, the tribunal was justified in upholding the commissioner of income-tax (appeals) decision that conveyance allowance granted by the assessee to its employees was not a perquisite under section 17(2) of the income-tax act, 1961, and consequently directing the assessing officer to revise the demand created in respect of short payment of tds ..... income-tax (appeals), who accepted the plea of the respondent that conveyance allowance paid to the employees was not a perquisite and, therefore, the respondent was not liable .....

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Nov 05 1993 (HC)

Rajasthan Wool Processors and ors. Vs. Income-tax Officer

Court : Rajasthan

Reported in : [1994]210ITR124(Raj)

..... thereby they have committed the offence under section 276b read with section 278b of the income-tax act. cognizance has been taken on the complaint filed by the department, in the court of the chief judicial magistrate (economic offences), rajasthan, jaipur, and ..... deducted the interest of rs. 13,500 as required under section 194a of the income-tax act, but failed to deposit that amount in the account of the central government within two months from the date of deduction and ..... that when the payment of interest is more than one thousand then it is obligatory on the petitioner to deduct ten per cent. amount of the interest as income-tax payable by the creditors. in this case, the petitioners have ..... its income-tax return on march 3, 1984, stating therein that the income of the firm was rs. 364. on perusal of the income-tax return, it is found that the firm had paid rs. 1,34,993 as interest on the loans taken from the various parties.3. section 194a of the income-tax act requires ..... 1. by this petition, the petitioners have prayed that the criminal proceedings in consequence of complaint no. 59 of 1987 filed by the income-tax officer, 'a' ward, bikaner, be quashed.2. income-tax officer, 'a' ward, bikaner, has filed a complaint against the accused petitioners in the year 1987 in the court of the chief .....

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May 15 1984 (HC)

Rajasthan Financial Corporation Vs. Commissioner of Income-tax

Court : Rajasthan

Reported in : [1987]163ITR278(Raj)

..... ]56itr114(bom) . in that case, it has been observed that a mistake which may form the subject-matter of rectification under section 35 of the indian income-tax act, 1922, need not be a clerical or arithmetical mistake and that it may be a mistake of fact as well as a mistake of law but in ..... at the rate of 37.5% was to be allowed in the case of any company, as referred to in section 108 of the income-tax act, to the total income exceeding rs. 25,000. there was, however, a further proviso whereunder it was provided that in the case of a company referred to ..... preference shares' has not been defined in the said finance acts. nor. is it defined in the income-tax act. the provisions of the finance act, 1964, and the finance act, 1965, provide for rebate to a company and the term 'company' is defined in section 2(17) of the income-tax act. the aforesaid definition of 'company' as contained in ..... than life insurance corporation of india. under the proviso in the said paragraph, rebate was given in respect of income of the company as is referred to in section 108 of the income-tax act. there was, however, a further proviso for the reduction of the amount of rebate by 7.5% in case ..... by its order dated february 19, 1972, passed under section 256(1) of the income-tax act, 1961 (hereinafter referred to as 'the act'), has referred the following questions arising out of the order of the tribunal dated june 1, 1970, in income-tax appeals nos. 666 and 667 of 1968-69, for the opinion of this court:' .....

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Dec 02 1969 (HC)

H.H. Maharaja Rana Hemant Singhji Vs. Commissioner of Income-tax

Court : Rajasthan

Reported in : [1971]79ITR83(Raj); 1969()WLN589

..... a comprehensive and all-pervading nature, and may include any receipt by a person. viewed in this light, the various amounts received by the assessee were no doubt income under the income-tax act.11. now, we come to the second point. it is clear that there is an express exemption of a receipt which is of a casual and non-recurring ..... two references have been made by the income-tax appellate tribunal, delhi bench ' a ' (hereinafter called ' the tribunal '). income-tax reference no. 7 of 1966 is under section 66(1) of the indian income-tax act, 1922 (hereinafter called 'the income-tax act'). wealth-tax reference no.8 of 1966 is under section 27(1) of the wealth-tax act, 1957 (hereinafter called ' the wealth-tax act '). the facts and points of law ..... , b-range, jaipur, took the view that the payments received by the assessee were casual receipts and were exempt from taxation under section 4(3)(vii) of the income-tax act. the matter was taken up by the department before the tribunal. the tribunal reversed the order of the appellate assistant commissioner, on applications by the assessee, the following ..... 1956-57, 1958-59, 1960-61, 1961-62 and 1962-63 income from this property has been taxed under section 9 of the indian income-tax act, 1922, and for the assessment years 1957-58 and 1959-60 the income from this property has been taxed under section 12 of the income-tax act by the income-tax officer, bharatpur. in the appeals by the assesses, the appellate assistant commissioner .....

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Nov 13 1972 (HC)

Additional Commissioner of Income-tax Vs. Bhanwarlal Sohanlal

Court : Rajasthan

Reported in : [1973]92ITR558(Raj); 1972()WLN985

..... joshi, j. 1. this is an application under section 256(2) of the income-tax act, 1961 (hereinafter referred to as 'the act') on behalf of the additional commissioner of income-tax, rajasthan, jaipur, praying that the appellate tribunal be directed to state the case and refer a question of ..... shortage in the quantities of various grains referred to above is not based on evidence and is rather perverse. it was urged that the income-tax officer had already allowed the shortage as claimed by the assessee in his books of account and, therefore, it was not open to the ..... the appellate assistant commissioner the assessee went in second appeal before the appellate tribunal, jaipur bench. before the tribunal it was contended that the income-tax officer had no justification to add the sale price of unshown quantities of the sale without allowing the shortage on such quantities of the grains ..... year of account-the shortage claimed by the assessee on the basis of the statements furnished by it was found to be reasonable by the income-tax officer and the same was allowed by him while passing the order of assessment for the year in question. however, on examining the books ..... law arising therefrom.2. facts which are necessary for the disposal of this case may be stated in brief, messrs. bhanwarlal sohanlal, the assessee, is a partnership firm registered under the indian partnership act .....

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May 24 1985 (HC)

Commissioner of Income-tax Vs. Shri Chunnilal Tak

Court : Rajasthan

Reported in : (1986)53CTR(Raj)62; [1986]160ITR617(Raj)

..... rs. 5,000 and rs. 35,000 paid to the lessor by the appellant could be deducted under section 10(2)(xv) of the indian income-tax act, 1922 (the old act). it was held that the payment of rs. 40,000was a capital expenditure and was, therefore, rightly disallowed as a deduction under section 10(2 ..... esa ls ;g jde de dj nh tkosxh a 6. it will be relevant here to read the material part of section 37 of the income-tax act, 1961 (for short ' the act '):'37. (1) any expenditure (not being expenditure of the nature described in sections 30 to 36 and section 80vv and not being in ..... minimum guarantee was given by the assessee to acquire the right of carrying on business in a particular area and as such it constituted capital expenditure. the income-tax officer has observed as under :'first of all, regarding the loss, the position is that the shortfall in guarantee which is not a revenue loss ..... to the assessee, enabling it to sell the country liquor during the accounting period which commenced from april 1, 1967, and ended onmarch 31, 1968. the income-tax officer in his order dated march 30, 1972, did not accept the assessee's claim of deficiency as a trading loss, for, according to him, ..... all the business of armour plates from the american field commission and so the amount was not a permissible deduction for the purpose of income-tax.17. in n. peer sahib v. cit : [1964]54itr681(kar) , the assessee carried on business in mining iron ore. he obtained mining leases from the government which was .....

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May 05 1987 (HC)

Badrilal Phool Chand Rodawat Vs. Commissioner of Income-tax

Court : Rajasthan

Reported in : (1987)65CTR(Raj)306

..... was right in holding that the payment of rs. 10,028.30 to m/s. rajani oil industries, kota, was liable to be disallowed under section 40a(3) of the income-tax act, 1961, but the tribunal was not right in holding that the payment of rs. 4,000 to m/s. suresh oil industries, kota, and rs. 2,602.49 to m ..... that the payment of rs. 10,028.30 made by the assessee to m/s. rajani oil industries kota, was liable to be disallowed under section 40a(3) of the income-tax act, 1961, but the tribunal was not right in holding that the payment of rs. 4,000 to m/s. suresh oil industries, kota, and the payment of rs. 2,602 ..... . 2,602 to m/s. shivnath motilal, kota and rs. 10,028 to m/s. rajani oil co., kota, were liable to be disallowed under section 40a(3) of the income-tax act, 1961 ' 2. m/s. badrilal phoolchand (hereinafter referred to as ' the assessee '), is a hindu undivided family dealing in grains and also doing money lending business at village rodawat in ..... , sawai madhopur, disallowed the aforesaid expenditure of rs. 16,630'79 under section 40a(3) of the income-tax act, 1961 (hereinafter referred to as 'the act'), in the assessment order (annexure ' a ') dated january 20, 1975, the income-tax officer observed that the assessee had failed to file any satisfactory explanation for making the aforesaid payments exceeding rs. 2,500 in cash. in appeal before .....

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Apr 05 1994 (HC)

Commissioner of Income-tax Vs. Rajasthan Land Development Corporation

Court : Rajasthan

Reported in : (1995)125CTR(Raj)261; [1995]211ITR597(Raj)

..... the business of advancing special and ordinary loans and, therefore, the income earned is business income. from the various decisions and on the interpretation of various provisions of the income-tax act, we are of the opinion that the following principles emerge :(i) interest on fixed deposits and other deposits before the ..... commencement of the business is income from other sources, (ii) income from interest on deposits of surplus money during the construction period is also to be considered/treated as income from other sources, (iii) interest income in respect ..... company had made the deposits and given advances as loans to the various banks, corporations, etc. the income-tax officer rejected the contention and held that the income has to be assessed as income from 'other sources'.7. in appeal before the commissioner of income-tax (appeals), it was held that it is not the business of the corporation to carry on money- ..... the loan which has been given to the various banks in the state of rajasthan and interest income accrued therefrom was considered by the taxing authorities as 'income from other sources'. the tribunal has considered the various provisions of the act by which the assessee-corporation was constituted and came to the conclusion that it was authorised to carry on .....

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May 17 1966 (HC)

Chiranjilal Shrilal Goenka Vs. R. Prasad and ors.

Court : Rajasthan

Reported in : AIR1967Raj61

..... gold bonds, 1680, prior to the detection of such income by the income-tax officer or the seizure of such ..... a person who has ac quired any gold out of his income which has not been disclosed by him for the purposes of the indian income-tax act, 1992, or the income-tax act, 1961, or the excess profits-tax act, 1940, or the business profits tax act, 1947, or the super profit tax act, 1963, or the companies (profits) surtax act, 1964, tenders such gold as subscription for the national defence ..... the commissioner shall not authorise the retention of the books of account and other documents for a period exceeding thirty days after all the proceedings under the indian income-tax act 1922 or this act in respect of the years for which the books of account or other documents are relevant are completed. 9. the person from whose custody any books ..... or other valuable article or thing and any statement made by such person during such examination may thereafter be used in evidence in any proceeding under the indian income-tax act, 1922, or under this act. 5. where any money, bullion, jewellery or other valuable article or thing (hereinafter in this section and section 132a referred to as the assets) is .....

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