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Judgment Search Results Home > Cases Phrase: the haryana punjab agricultural universities act 1970 Court: income tax appellate tribunal itat delhi Page 1 of about 2 results (0.025 seconds)

Sep 05 1991 (TRI)

Pradeep Batra Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1991)39ITD406(Delhi)

..... available, it is not permissible to the revenue to rely upon that decision, it was any case, shri sapra contended, there could be no universal formula for estimating the expenditure for carrying agricultural operations.according to shri sapra the percentage of expenditure vis-a-vis the income would depend on various factors. as such addition is claimed to be unwarranted ..... another shareholder it would not be permissible to the assessing officer to take a different view in the case of another shareholder. shri sapra relied upon the decision of the punjab and haryana high court in the case of jaswant rai v. cwt [1977] 107 itr 477 in support of the contention that in the case of shri k.l. batra, the ..... . in the case of k.j.joseph (supra) the hon'ble kerala high court has held as under: held, that section 4 of the it act read with section 10(1) shows that agricultural income is excluded from charge of income-tax. wherever any income is excluded from chargeability to tax, the exclusion operates in the computation of the total income for the ..... absence of any positive evidence that expenditure has been incurred. the deemed provisions of treating the investment expenditure as out of undisclosed sources would not operate. under the income-tax act if assessee is found to have invested money for the source of which no satisfactory explanation is furnished, the assessing officer is empowered to treat the investment as income from .....

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Jul 31 1989 (TRI)

Associated Agricultural Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1989)31ITD29(Delhi)

..... though principles of res judicata does not apply to tax matters. in the case of dalmia dadri cement ltd. (supra) the hon'ble punjab and haryana high court held that though as a general rule the principle of res judicata is not applicable to decisions of income-tax authorities and ..... letter to icar in which in terms it was clarified and stated that recognition was being sought for associated agricultural development foundation under section 35(1)(ii) of the income-tax act, 1961 and a fresh application in the prescribed form was filled in and sent again. the relevant portion ..... of india meeting at bombay passed a resolution that one institution be created for carrying out research and development activities on various export-oriented agricultural produce especially onions to begin with, with a view to improve yield and quality of the produce. for the purpose it was further ..... paid to a scientific research association which has as its object the undertaking of scientific research or to a university, college or other institution to be used for scientific research : provided that such association, university, college or institution is for the time being approved for the purposes of this clause by the prescribed ..... be departed, referred us to the following judicial precedents:-ha. shah & co. v. cit [1956] 30 itr 618 (bom.); cit v. dalmia dadri cement ltd. [1970] 77 itr 410 (punj. & har.); cit v. brij lal lohia and mahabir prasad khemka [1972] 84 itr 273 (sc) and cit v. l.g. ramamurthi .....

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Sep 08 1993 (TRI)

inspecting Assistant Vs. Srikrishan Khanna

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1994)48ITD1(Delhi)

..... including the 3rd member is to be looked into and not reasons given to reach such conclusion. in this connection, shri mehra drew my attention to decision of hon'ble punjab and haryana high court in the case of citv. sobha singh jairam singh (no. 1) [1990] 183 itr 148 and of supreme court in the case of ram kumar agarwalla & bros ..... not divorced from it. the concept of levy of wealth-tax is explicitly enshrined in section 2(m) of the w.t. act, and that concept is of universal application. i may also add that it is difficult as far as i can see to agree with the view expressed by the learned am that for the purpose of ..... v. t. adinarayana setty air 1959 sc 429, (a) state of kerala v.p.p. hassan koya airsmt. tribeni devi v.collector, ranchi aircustom cavasjee cooper v.union of india (1970] 40 comp. cas. 325 (sc). the ratio of these decisions has been summed up by the karnataka high court in v.c.ramachandran v. cwt [1980] 126 itr 157. the ..... ) should, therefore, be construed only in the sense in which it has been defined in the act and in ascertaining the net wealth as per section 2(m) of the wealth-tax act, there should be aggregation of the value of all assets but excluding the agricultural lands as they have been specifically excluded from the definition of 'assets' in section 2(e .....

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