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Documents citing Lakshmi Venkateswara Kalyana Mandapam vs Income-Tax Officer on 25 February, 1994

Mandadi Vijaya Lakshmi,Hyderabad vs Ito., Ward-7(1), Hyderabad on 26 November, 2025

10. We thus, in terms of our aforesaid observations, are of the firm conviction that as the CIT(A) in the present case before us did not stop with the order declining to condone the delay, but had specifically observed that the appellant's case does not hold good on merit too, 7 ITA No. 214/Hyd/20225 Mandadi Vijaya Lakshmi Vs. ITO therefore, the only inference that can be drawn by relying on the judgment of the Hon'ble High Court of Madras in Vijayeswari Textiles Ltd. Vs. CIT (supra) is that he had impliedly condoned the delay involved in the appeal filed before him.
Income Tax Appellate Tribunal - Hyderabad Cites 7 - Cited by 0 - Full Document

Mafatlal Industries Ltd. vs Wto on 28 September, 2004

(ii) Mafatlal House 12,96,444 (-)15,09,195 Whether a rental income is to be taxed as income from house property he has cited a decision in the case of Lakshmi Venkateswara Kalyana Mandapam v. Income Tax Officer (1994) 50 ITD 546 (Hyd). So in the light of this decision, the assessing officer has mentioned that the lease rent from the said properties had been correctly taxed as income from house property. Assessing Officer has also reproduced the definition of 'asset' defined in section 2(ea)(i). So he has observed that any building which is used for residence or commercial purposes situated within 25 Kms. from local limits is an asset to be charged to wealth tax. 1n his opinion the building belonging to the assessee were commercial properties leased out to various companies with the purpose of earning lease rental income, therefore, taxed as income from house property. In the assessment order certain case laws have also been discussed cited from the side of the assessee and the assessing officer has also drawn certain distinctions. With a view to keep a consistency with the income tax proceedings it was held that for wealth tax purpose the properties were 'assets' and valued the same in accordance with Part-B, Schedule-III of Wealth Tax Act, 1957. Being aggrieved this issue was carried by the assessee before the first appellate authority.
Income Tax Appellate Tribunal - Mumbai Cites 21 - Cited by 1 - Full Document
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