Skip to content


Judgment Search Results Home > Cases Phrase: mediation Court: income tax appellate tribunal itat madras Year: 1998 Page 1 of about 2 results (0.029 seconds)

Apr 27 1998 (TRI)

P. Govindaswamy Vs. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Madras

Decided on : Apr-27-1998

Reported in : (2000)72ITD57(Mad.)

..... drafts and details of such payments are available. the shares were transferred by sundaram pillai group in a compromise between him and sri govindaswamy with ramaswamy udayar acting as the mediator and in the bargain purchasing the shares for his group. all these would have come to light had the assessing officer examined sri sundaram pillai.the reasons which promoted the .....

Tag this Judgment!

Nov 09 1998 (TRI)

T.R. Ganapathy Chettiar Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Decided on : Nov-09-1998

Reported in : (1999)240ITR33(Mad.)

1. these appeals are directed against the rectification made under section 155(4a) of the income-tax act, 1961, for the purpose of withdrawing the investment allowance granted earlier year.2. the assessee is a hindu undivided family consisting of the karta and his wife. for the assessment year 1978-79, corresponding to the previous year ended on march 31, 1978, the assessment was made on april 15, 1980. in that assessment income was determined at a net loss of rs. 2,39,188 which included investment allowance of rs. 1,37,951 and was to be carried forward. for the assessment year 1979-80, the assessment was made on april 18, 1980, again determining the income at a net loss of rs. 1,12,843. after adjustment of part of the investment allowance the balance of rs. 1,12,390 was carried forward. for the assessment year 1981-82, the assessment was made on january 21, 1984, determining the total income at rs. 1,07,234. it is stated that this was after granting investment allowance of rs. 40,244 for this year. for the assessment year 1980-81, the assessment was made on april 15, 1982, determining the total income at rs. 64,925 after setting off business loss and investment allowance of rs. 1,12,843.3. by an indenture of the trust declared on april 1, 1981, the karta of the assessee-hindu undivided family declared the business carried on in the style of t. r. ganapathy chettiar and ganapathy refineries as trust property held for the benefit of the maintenance of his children and family .....

Tag this Judgment!


Save Judgments// Add Notes // Store Search Result sets // Organizer Client Files //