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Judgment Search Results Home > Cases Phrase: punjab municipal act 1911 Court: income tax appellate tribunal itat amritsar Year: 2007 Page 1 of about 2 results (0.051 seconds)

Feb 02 2007 (TRI)

indersons Leathers P. Ltd. Vs. the Addl. C.i.T., Range I

Court : Income Tax Appellate Tribunal ITAT Amritsar

Decided on : Feb-02-2007

..... income; that the leased income earned was being utilised to meet the day to day expenses of the company; that the assessee company was paying municipal house taxes as a commercial organization; that the company still had open land of 3000 sq. yards us its custody, which had formed an integral ..... by itself, that the income therefrom is the business income of the assessee. the assessee has admittedly stopped its business for long years and its acts do not strow its intention to re-start its business at all.13. from the above discussion, it is also clear that the learned ctt(a ..... that its commercial shed has been leased out alongwith its fittings, which, according to the assessee, formed part of its plant and machinery, does not act as even an iota of evidence in favour of the intention of the assessee being to re-start its erstwhile business ever. then, the other part ..... of the business.2. as per the submissions filed before us, the assessee is a private ltd. company incorporated on 14-11-1985 under the companies act, 1956, which started manufacturing operations on 1-6-1987, producing, principally, shoe uppers; that the company's sales started declining and in the late 1990 ..... company was filing its returns of a business set up with the registrar of companies, punjab, under the companies act, 1956; and that since the company existed and was already filing its due returns/papers to the registrar of companies, punjab, which fell under the department of law and company affairs, govt. of india, .....

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Jan 19 2007 (TRI)

Sadhu Ram and Sons Vs. Commissioner of Income Tax and

Court : Income Tax Appellate Tribunal ITAT Amritsar

Decided on : Jan-19-2007

Reported in : (2007)108TTJ(Asr.)373

..... view, the hon'ble supreme court has also referred to its earlier two judgments in the following cases.state of west bengal v. administrator, howrah municipality and smt. sandhya rani sarkar it would be appropriate to reproduce herein the relevant findings of the hon'ble supreme court recorded at p. 798 ..... for the party concerned to explain the delay with a sufficient cause. in the case of cit v. ram mohan kabra , the hon'ble punjab & haryana high court has held that where the legislature spells out a period of limitation and provides for power to condone the delay as well ..... of vol. 253: in exercising discretion under section 5 of the limitation act, 1963, to condone delay for sufficient cause in not preferring an appeal or other application within the period prescribed, courts should adopt a pragmatic ..... matter of appeal and considered and decided by the cit(a), the cit, bhatinda had no jurisdiction to revise such order under section 263 of the act. he, therefore, submitted that such order was illegal and bad in law and, therefore, deserves to be quashed.8. the learned cit (departmental ..... arhat' (commission agent) in respect of agricultural produce grown by the farmers. the it authorities carried out survey operation under section 133a of the act where a large number of loose papers containing transactions of loans advanced to the agriculturists, interest received on such advances and sale of agricultural crop .....

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