Commissioner of Income Tax, vs. Agricultural Market Committee,

Bench: V.V.S.RAO,RAMESH RANGANATHAN

10 per cent of its annual income to the Central Market Fund and the contribution so paid shall be placed to the credit of the said Fund. Sub-section (2) of Section 16 provides that the Central Market Fund shall be vested in the State Government and deposited in the Government treasury at Hyderabad. It is administered and applied

Principal Commissioner of Income Tax-2 vs. M/s Indur Green Power Private Limited

In the result, all the appeals fail and are hereby

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

10,00,000 (Ten Lacs.) Equity shares of Rs. 10/-(Rupees Ten only) each. IX. True accounts shall be kept of all sums of money received and expended by the Company and the matters in respect of which such receipts and expenditure take place and of the property, credits and liabilities of the Company; and, subject to any reasonable restrictions

The Commissioner of Income Tax-IV vs. M/s Pokarna Limited

The appeals are dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

10. Section 22 of the Act deals with income from House property which reads as under: Income from house property. 22. The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner, other than such portions of such property as he may occupy for the purposes of any business or profession

The Commissioner of Income Tax - I vs. M/s. BBL Foods (Earlier Amber Biscuits P Ltd.)

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

10. During subsistence of their marriage, several properties were acquired by them jointly and severally and after their separation, Sri.Joy filed O.P No.559 of 2006 for declaration with respect to item No.1 to 17 properties as his own and Smt.Mini filed O.P No.775 of 2006 claiming absolute right with respect to 'A' to 'P' schedule immovable properties and 'Q' schedule

The Commissioner of Income Tax III, vs. Sri Ravi Sanghi

The appeal is allowed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

10,60,561/-) towards compensation for licence fees (as per profit and loss accounts) amounting to Rs. 13,90,260/-) to be rental income under the head “income from house property” and after allowing deduction under Section 24 (a) computed the income from house property at Rs. 9,73,182/-. 14. As per objects in the Memorandum of Association

The Commissioner of Income Tax (Central) vs. Sri.G.Sanjay Chowdary

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

10. It is also brought to our notice at the Bar that the judgment of this Court in the case of KIADB has been confirmed by the Hon’ble Supreme Court as Special Leave Petition filed by the Revenue has been dismissed by order dated 27.04.015. 11. The detailed narration of facts and contentions would not call for reiteration

Commissioner of Income Tax vs. Dr. T.Ravi Kumar

The appeal is disposed of

property held for charitable purposes. The Tribunal, therefore, set aside the order passed under Section 263 of the Act and allowed the appeal preferred by the assessee. Being aggrieved, the revenue has filed this appeal. 4. Learned counsel for the revenue submitted that the Tribunal itself in paragraph 21 of the order had recorded the finding that invocation of Section

The Commissioner of Income Tax(Central) vs. M/s.Madhu Enterprises

Bench: The Learned

property bearing address D-6/5, Vasant Vihar, New Delhi. According to the AO, the basement and second floor were required to be considered as two separate residential houses. 13. In terms of clause (i) to the proviso to Section 54F(1) of the act, the said section would not apply if the assessee owned more than one residential house

M/s. Maruthi Movies vs. Income Tax Officer

Bench: This Court & Making The Same A Rule Of Court, Alongwith Decree Against Respondents Awarding Rs.5,35,920/- Paid By The Petitioner To The Arbitrator As Their Share Of Fees As Per Order Dated 21.12.2010. 2. Respondent No.1 Has Filed Its Objections To The Award Under Section 30 & 33 Of The Act In Form Of I.A. No.9067/2011. Respondent No.2 Has Also Filed Its Objections To The Award.

house was unreasonable as compared to the market rent. On the same day, the respondent No.1 addressed the second letter dated 17.05.1986 enclosing therewith the list of properties from the property broker. The petitioner vide its letter dated 21.05.1986 replied to the above letter seeking confirmation from the respondents to the effect that they have seen those properties and found

DIR OF INCOME TAX [INTERNATIONAL TAXATION], HYDERABAD vs. NIMMAGADDA PRASAD, SECUNDERABAD

Bench: RAMESH RANGANATHAN,KONGARA VIJAYA LAKSHMI

Property is required for personal occupation of the Appellant/Petitioner? 3) Whether there are reasons to interfere with the orders passed by the learned Rent Controller-cum-Principal Junior Civil Judge, Guntur in RCC.No.13/2008 Dt.26.07.2010? 11. The Rent Control Appellate Authority had considered issues 1 and 2 jointly and held both the issues against the petitioner. Issue No.3

ANDHRA BANK FINANCIAL SERVICES LIMITED vs. THE COMMISSIONER OF INCOME TAX-I

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

15. As per Section 4(11, if the Custodian is satished after an inquiry that any contract or agreement entered into at any time after O1.04.1991 and on or before 06.06.7992 in relation to arry property of the person notihed under sub- section (2) of Section 3 has been entered into fraudulently or to defeat the provisions of the Special

ANDHRA BANK FINANCIAL SERVICES LTD, HYDERABAD vs. THE COMMISSIONER OF INCOME TAX-I, HYDERABAD

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

15. As per Section 4(11, if the Custodian is satished after an inquiry that any contract or agreement entered into at any time after O1.04.1991 and on or before 06.06.7992 in relation to arry property of the person notihed under sub- section (2) of Section 3 has been entered into fraudulently or to defeat the provisions of the Special

ANDHRA BANK FINANCIAL SERVICES LTD,. HYDERABAD vs. THE COMMISSIONER OF INCOME TAX-I, HYDERABAD

Bench: C.V. BHASKAR REDDY,UJJAL BHUYAN

15. As per Section 4(11, if the Custodian is satished after an inquiry that any contract or agreement entered into at any time after O1.04.1991 and on or before 06.06.7992 in relation to arry property of the person notihed under sub- section (2) of Section 3 has been entered into fraudulently or to defeat the provisions of the Special

The Commissioner of Income Tax (Central) vs. M/s Hyderabad House Pvt Ltd.,

property taken care of. Case ‘G’ : MAC Appeal No.175/2014 (In re: death of seventeen years‟ old child Hussain Haider) 15. The appeal presented by the insurance company which has been fastened with the liability to pay the compensation assails the judgment of the tribunal pronounced on 31.10.2013 whereby compensation in the sum of Rs.12,02,075/- was awarded in favour

Principal Commissioner of Income Tax vs. M/s Nara Constructions,

Bench: CHALLA KODANDA RAM,C.V.NAGARJUNA REDDY

10 of 16 Meetings were held and the opinion expressed then was that the respondent-assessee bank would be eligible for deduction. Legal opinion was also taken from a Chartered Accountant. 14. The respondent-assessee bank, in the return of income filed by them, had taken care and caution to make a specific disclosure in respect of deduction claimed under

Commissioner of Income Taxd vs. M/sA.,Venjkatarao AND Others

Inasmuch as all that is required is for the settler of the trust to declare that the

Bench: V.V.S.RAO,RAMESH RANGANATHAN

15. Section 11(1) of the Act grants exemption to the income derived from property held under trust wholly for charitable or religious purposes, to the extent to which such income is applied to such purposes in India. There is no exhaustive definition of the words “property held under trust” in the Act; however, sub-section (4) says that

The Commissioner of Income Tax-V vs. M/s.Sri Somnath Wood Industries

In the result, revision application succeeds

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

house property exclusively belonged to the landlord. Her son did not have right, title and interest therein. Although the landlord has only son, the record indicates that the landlord passed away pending this application. All her legal representatives have come on record. They are seven in number, including an advocate son. The legal representatives are none other than Class

COMMISSIONER OF INCOME TAX, vs. M/S G.R.K.PRASAD AND OTHERS

In the result, for the above reasons, we set aside the orders

Bench: V.V.S.RAO,RAMESH RANGANATHAN

property or whatever may be the object of the tax in a particular case and determining its amount”. Section 35 of the 1922 Act conferred power on the Commissioner or the Appellate Commissioner to suo motu rectify any mistake apparent on the record, appeal, revision, assessment or refund within four years from the date of such order