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Judgment Search Results Home > Cases Phrase: medical degrees act 1916 section 2 definitions Court: income tax appellate tribunal itat mumbai Year: 1983 Page 1 of about 3 results (0.067 seconds)

Jan 21 1983 (TRI)

Rajneesh Foundation Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Decided on : Jan-21-1983

Reported in : (1983)4ITD409(Mum.)

..... the making of profit by a business--like activity in the publication and sale of books, magazines, tapes, etc., it was excluded by section 2(75) of the act, from being a trust for charitable purposes. the commissioner (appeals) also held, considering the several clauses of the trust deed, that ..... existence to translate the purpose as conceived in the mind of the founders into a living and active principle.in the light of the above definitions of 'institution', their lordships of the allahabad high court held in the case of radhaswami satsang sabha (supra), that the satsang sabha was ..... workshops, libraries, etc., examinations periodically or finally or at any rate some type of appraisal of the students' achievement ; awarding of diplomas or degrees or even certificates in recognition of the completion of the education or educational programme. according to the learned counsel, if these tests are applied ..... authorities from time to time. (r) to provide for the relief of poor people and people in distress or for national cause ; and to provide for medical relief. (s) to maintain, run or otherwise arrange for sadavrats, dharmashalas, rest houses, kala mandirs, ballmandirs, prayer halls, public gardens, pubic utilities, ..... tc 425, feeding of persons and travellers--ilr 21 mad. 10, preservation of places of historical interest or natural beauty--in re. vierall [1916] 1 ch. 10077. in all these instances, we find that the beneficiary of the charity receives something which he is in need of and .....

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Jan 07 1983 (TRI)

Vasant J. Sheth Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Decided on : Jan-07-1983

Reported in : (1983)4ITD453(Mum.)

..... incidence of taxation, so far as his individual assessment was concerned. on the above basis the tribunal negatived the application of section 64(2) of the income-tax act, 1961 ('the act'), as claimed by the assessee with regard to the income of the individual properties stated to be thrown into the common hotchpotch ..... by the wife or any newly born minor children of the assessee at that time-also a matter of uncertainty and conjecture. section 64 can apply only to a definite and ascertainable state of things. that in the future and that too after a period long beyond the minority of any existing ..... trust amounts could be applied is 'for the maintenance, residence, education, medical attendance and treatment or any purpose of emergency or urgent necessity, advancement and benefit of the hindu undivided family'. that there was a joint family of ..... property by the individual to the trust for the benefit of the named beneficiaries.even this would not attract the provisions, in our opinion, of section 64. the provisions of the trust deed as to distribution have been quoted above. the only purpose for which during the currency of the ..... the income of the trust fund to the hindu undivided family of vasant jagjiwan sheth for the maintenance, residence, education, medical attendance and treatment or any purpose of emergency or urgent necessity, advancement and benefit of the hindu undivided family of vasant jagjiwan sheth .....

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Nov 25 1983 (TRI)

income-tax Officer Vs. Bajaj Auto Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Decided on : Nov-25-1983

Reported in : (1984)8ITD296(Mum.)

..... contested in the departmental appeal are dealt with seriatim below.2 to 4. [these paras are not reproduced here as they involve minor issues.] 5. deferred payment of annuity policy: in connection with the application of section 40a(5) of the income-tax act, 1961 ('the act') the ito included a sum of rs, 42, ..... 7. alternatively it is pointed out that as far as the employee is concerned, even if it is not held as salary, the company had definitely expended the money and had made a claim for deduction of the same. what could be the purpose of this expenditure if not payment to the ..... annuity policy itself results in a benefit to the director. it is a payment of remuneration and being a benefit, it would constitute also a perquisite. section 40a(5) speaks of expenditure resulting in a benefit. even indirect payments are included. a deferred annuity is clearly covered by this expression indirect. whatever ..... purpose of its business but the employee did not receive any benefit during the previous year relevant to the assessment year. in applying the provisions of section 40a(5) to the payments, etc., made to this managing director, the ito included the computed figure of commission paid for taking out a ..... annuity policy is not only accrued income but an actual receipt in kind in the hands of the employee. while applying the provisions of section 40(c) or section 40a(5), the value of this asset has to be considered not necessarily as a perquisite or advantage to the employee, which it certainly .....

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