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Judgment Search Results Home > Cases Phrase: punjab municipal act 1911 Court: income tax appellate tribunal itat delhi Year: 2004 Page 1 of about 3 results (0.131 seconds)

Jan 21 2004 (TRI)

Asstt. Commissioner of Vs. Shri Gian Chand Dhawan

Court : Income Tax Appellate Tribunal ITAT Delhi

Decided on : Jan-21-2004

..... standard rent lawfully recoverable by him." this view of the apex court was repeatedly followed by various high courts and also be punjab & haryana high court in the case of ms. surjeet kaur v. municipal corporation and ors., 163 itr 56. following this view, the apex court in the case of mrs. sheila kaushish v ..... the basis to determine the alv of the property and the standard rent can only be determined under the delhi rent control act and not as per the ratable value adopted by the municipal authorities.7. the learned counsel for the assessee, on the other hand, has reiterated his contentions as before the lower ..... the standard rent determinable under the rent control act, we have again re-examined the impugned issue in the light of the judgments referred to by the parties and the rival submissions and we ..... matter to the file of the assessing officer for recomputation of the alv after determining the standard rent as per the provisions of the delhi rent control act." 10. though the tribunal has taken a particular view that the annual letting value as defined in section 23(1) should be determined as per ..... was let out for whole of the year.5. the commissioner of income-tax (appeals) re-examined the issue and held that section 23 of the act determines the annual letting value of the property. relying upon the judgment of sheila kaushish (supra) and dewan daulat rai kapur (supra) the cit (appeals .....

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Dec 12 2004 (TRI)

The Asst. Commissioner of Vs. Madan Mohan Lal Shriram Pvt. Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Decided on : Dec-12-2004

..... builders for and on behalf of the company undertake to obtain all requisite permissions, clearances and approval from all concerned authorities including new delhi municipal committee (ndmc), urban land (ceiling & regulation) act 1976 (ulcr), delhi administration, delhi urban act commission, land & development office (l&do), government of india etc., for demolition of the existing building and or construction of multistoreyed buildings ..... is well settled, that the one which is favourable to the assessee has to be preferred. even on that principle the view taken by the high courts of patna, punjab and haryana, etc., has to be preferred rather than the contrary view taken by the high courts of delhi and andhra pradesh." 43. while coming to the conclusion what ..... agreed consideration in terms of the schedule mentioned in the agreement, eviction of tenants, obtaining various permissions including from the lessors and also under the urban land ceiling act for which acts a power of attorney was also executed in favour of the builders. the builders after paying rs.15 lacs equivalent to 10% of the agreed consideration did not ..... normal provisions and we reproduce relevant part hereunder;- "(ii) that the amendment of 1988 introducing sub-clause (v) in the definition of 'transfer'' in section (47) of the it act was prospective and applied to the assessment year 1988-89 and subsequent years, and no question regarding part performance by allowing possession to be retained could arise from the order .....

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Feb 25 2004 (TRI)

Lalsons Enterprises Vs. Dcit

Court : Income Tax Appellate Tribunal ITAT Delhi

Decided on : Feb-25-2004

Reported in : (2004)89ITD25(Delhi)

..... permissible, in certain, circumstances, to read the provisions disjunctively despite the use of the conjunction and invited our attention in this regard to the judgment of the supreme court in municipal corporation of delhi vs. tek chand bhatia (air 1980 sc 360).these contentions were controverted on behalf of the department, especially the applicability of the heydon's rule, and ..... profits. this takes the case out of the purview of the judgment.48. in karnal co-operative sugar mills (supra), the facts as seen from the judgment of the punjab & haryana high court reporter in 233 itr 531, are that the interest was received by the assessee on fixed deposits placed with the banks in connection with the purchase of ..... stop the side misuse, the formula amended with effect from the assessment year 1992-93 by segregating trading exports and manufactured exports for the purposes of section 80hhc of the act.computation of deduction subsequent to amendment of section 80hhc (on or after assessment year 1992-93) (i) profits derived from export of manufactured goods = (adjusted profits of the business) ..... manufactured by it, without taking into account the result, namely both the profits and the turnover, of the trading business, then, the quantum of deduction under section 80hhc of the act would have been computed as follows [(profits from manufactured business) x (export turnover of manufacturing business) / (total turnover of manufacturing business)] = 1050x200/2900] = rs. 72.41. [rs. 3000- rs. .....

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