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Judgment Search Results Home > Cases Phrase: indian partnership act Court: income tax appellate tribunal itat hyderabad Year: 1995 Page 1 of about 1 results (0.050 seconds)

Feb 28 1995 (TRI)

A.V.R. and Co. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Decided on : Feb-28-1995

Reported in : (1995)54ITD446(Hyd.)

..... and apparent mistakes in computation of income have been detected resulting in substantial loss of revenue. for instance, cit poona had cited a case where partnership firm had claimed a wrong deduction of rs. 2.34 lacs in respect of medical expenses on the treatment of a partner. in another ..... expenditure on prospecting for or development of specified minerals amortisable against profits under new section 35e(1); capital expenditure on family planning incurred by an indian company under the first proviso to section 36(l)(ix); unabsorbed losses brought forward from the earlier years which are admissible as a set ..... in a very few cases, the deductions admissible to the assessee were not claimed or that incorrect deductions or allowances were claimed. the finance (no. 2) act, 1980, has omitted the requirement of making adjustments under sub-clauses (ii) and (iii) of clause (b) of section 143(1). it will, ..... of original assessment was permissible in law. the taxing authorities, their lordships observed, exercise quasi-judicial powers and in doing so they must act in a fair and not a partisan manner.although it is part of their duty to ensure that no tax which is legitimately due from ..... outside the taxable territory, by adopting one of the methods prescribed in rule 33 of the indian income-tax rules, 1922. subsequently, the ito reopened the assessment under section 147(b) of the income-tax act, 1961, and applying a different method permissible under the said rule, determined the income of .....

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