Commissioner of Income Tax, Guntur. vs. Agricultural Market Committee, Kangiri.

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

property held under trust wholly or partly for charitable or religious purposes shall not be included in the total income of the previous year of the person in receipt of the income. A market committee, constituted under Section 4 of the AMC Act, as mandated by Section 15 of the AMC Act read with Rule 27 of the Rules

Commissioner of Income Tax, vs. Agricultural Market Committee,

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

property held under trust wholly or partly for charitable or religious purposes shall not be included in the total income of the previous year of the person in receipt of the income. A market committee, constituted under Section 4 of the AMC Act, as mandated by Section 15 of the AMC Act read with Rule 27 of the Rules

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

The appeal is allowed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Section 24 (a) computed the income from house property at Rs. 9,73,182/-. 14. As per objects in the Memorandum of Association and also as per assessment order, the assessee is engaged in business of licensing the space in question. In this regard the findings recorded by the Assessing Officer in the Assessment Order is reproduced below:- “During

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

15 in O.P No.559 of 2006) in O.P No.775 of 2006 74. This property is extending 2.200 cents in Kaduppassery village in the joint name of Sri.Joy and Smt.Mini. The total consideration shown is Rs.5,500/-. It was purchased for laying pipelines and also as a pathway to the house in 'A' schedule and to the properties of Sri.Joy

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

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

property and to carry out building and engineering operations and to take all steps for the purpose of development of the Belagavi urban area. (e) The activity of the respondent is thus a charitable activity as defined under the expression ‘charitable trust’ is defined under section 2(15) of the Act. The activity of the respondent comes within the scope

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

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 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

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. She, therefore, inducted the tenant (a partnership firm) in the suit premises, at a monthly rent. On lease period having come to an end, Minakshi surrendered possession, factually and constructively as well, of the entire leased property to the landlord. 4. A son of the landlord is a practicing advocate. He practices on civil and criminal side

The Commissioner of Income TAx-IV, vs. M/s. Mahaveer Enterprises (India) Limited

The Appeal is dismissed

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

Housing Society is the occupier of the property shown at serial No.5, hence the same cannot be taken into consideration for the purpose of computing the holding; that though the properties at serial No.3 and 4 are built up properties the same are to be taken into consideration while computing the extent of vacant land held by the applicant

The Commissioner of Income Tax IV vs. M/s. Nava Bharat Ferro Alloys Ltd.,

Section 14(1)(e) of the Act. If a person is residing abroad, he/she owns a flat or a house in Delhi, he/she wants to spend a few weeks or a few months then he/she must be allowed to stay in his/her own house. I do not find any infirmity with the finding recorded by learned Additional Rent Controller

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

SMT. SHANTHA VIDYASAGAR ANNAM vs. INCOME TAX OFFICER, WARD-4(2) HYDERABAD

In the result, the orders dated 09

Bench: J SREENIVAS RAO,ALOK ARADHE

house in the owner's portion wttl:, 4ooh terrace rights. 6. That as a performance guarantee the Second Party have deposited an amount of Rs.2,0O,000/- (Rupees two lakhs only) with First Party vide Pay Order No'OO2314 dated 04.05.1996 for Rs.2,O0,OOO/- (Rupees two lakhs only) drawn on Bank of Bahrain and Kuwait B'S'C', Somajiguda

THE COMMISSIONER OF INCOME TAX III, vs. M/S. SAVIJANA SEA FOODS PVT. LTD.,

Appeals of the Revenue are dismissed

Bench: J SREENIVAS RAO,ALOK ARADHE

HOUSING PVT.LTD ...... Respondent Through: Mr. M.S. Syali, Senior Advocate with Mr. Arta Trana Panda and Ms. Gargi Sethee, Advocates. CORAM: JUSTICE S. MURALIDHAR JUSTICE SANJEEV NARULA ITA 210/2003 & connected matters Page 5 of 36 J U D G M E N T Dr. S. Muralidhar, J.: 1. These are 11 appeals under Section 260-A of the Income

Commissioner of Income Tax, vs. M/s. Kokivenkateswara Reddy AND others,

Appeals of the Revenue are dismissed

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

HOUSING PVT.LTD ...... Respondent Through: Mr. M.S. Syali, Senior Advocate with Mr. Arta Trana Panda and Ms. Gargi Sethee, Advocates. CORAM: JUSTICE S. MURALIDHAR JUSTICE SANJEEV NARULA ITA 210/2003 & connected matters Page 5 of 36 J U D G M E N T Dr. S. Muralidhar, J.: 1. These are 11 appeals under Section 260-A of the Income

Commissioner of Income Tax vs. Sri Chirla Rama Reddy, Contract

Appeal is dismissed with costs

Bench: The Hon’Ble Mr. Justice N.K.Sudhindrarao R.S.A.No.70/2007

Section 100 CPC is directed against the common judgment and decree dated 7-10-2006 passed in R.A.Nos.33 and 35 of 2002 by the District and Sessions Judge and Presiding Officer, Fast Track Court –II, Bangalore Rural District, Bangalore, wherein appeal filed by the plaintiff -K.T. Plantations Private Limited in RA 3 No.33/2002 came to be allowed