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Market Committee,, Karnal vs Assessee on 6 July, 2009 cites

Commissioner Of Income-Tax vs Maharana Of Mewar Charitable ... on 22 July, 1986

Since the quantum of the excess expenditure over income in the earlier years is not available before us, we restore the issue to the file of the Assessing Officer with a direction that if there is so excess of expenditure over income found in any earlier year, the same can be set off against the income of the current year in view of the judgment of Hon'ble Rajasthan High Court in the case of CIT vs. Maharana of Mewar Charitable Foundation, 164 ITR 439.
Rajasthan High Court - Jaipur Cites 9 - Cited by 130 - S C Agrawal - Full Document

Commissioner Of Income-Tax vs Raipur Pallottine Society. on 13 September, 1989

In this case, Hon'ble Gujarat High Court has followed the judgement of Hon'ble Madras High Court rendered in the case of CIT vs Rao Bahadur Calauala Cannun Chetty Charity 135 ITR 485 and judgement of Hon'ble Madras High Court rendered in the case of CIT vs Raipur Pallotine Society, 180 ITR 579 wherein it was held that for the purpose of computing accumulation of income .allowable to the extent of 25% of income, the income has to be computed in the normal commercial manner and hence, depreciation has to be allowed in computing that income. No contrary judgement has been brought to our notice and hence, we are of the considered opinion that no interference is called for in the order of ld CIT (A) on this issue also because this issue is decided by him following various judgement of Gujarat and Bombay High Court and hence we confirm the same. This issue is also decided in favour of assessee.
Madhya Pradesh High Court Cites 1 - Cited by 132 - Full Document

Commissioner Of Income Tax vs Sheth Manilal Ranchhoddas Vishram ... on 26 February, 1992

"Regarding the second issue, we find that ld CIT (A) has decided the issue in favour of assessee on the basis of the judgement of Hon'ble Gujarat High Court in the case of Seth Manilal Ranchhoddas Vishram Bhawan Trust (supra) and the judgment of Hon'ble Bombay High Court in the case of institute of Banking Personal Selection (supra), We find that in the case of Seth Manilal Ranchhoddas Vishram Bhawan Trust (supra), the issue before Hon'ble Gujarat High Court was as to whether while computing income u/s 11(1)(a) of the I.T. Act, depreciation has to be allowed.
Gujarat High Court Cites 10 - Cited by 183 - G T Nanavati - Full Document

Cit vs Institute Of Banking Personnel ... on 9 July, 2003

"Regarding the second issue, we find that ld CIT (A) has decided the issue in favour of assessee on the basis of the judgement of Hon'ble Gujarat High Court in the case of Seth Manilal Ranchhoddas Vishram Bhawan Trust (supra) and the judgment of Hon'ble Bombay High Court in the case of institute of Banking Personal Selection (supra), We find that in the case of Seth Manilal Ranchhoddas Vishram Bhawan Trust (supra), the issue before Hon'ble Gujarat High Court was as to whether while computing income u/s 11(1)(a) of the I.T. Act, depreciation has to be allowed.
Bombay High Court Cites 14 - Cited by 544 - S H Kapadia - Full Document

Commissioner Of Income-Tax vs Rao Bahadur Calavala Cunnan Chetty ... on 9 August, 1979

In this case, Hon'ble Gujarat High Court has followed the judgement of Hon'ble Madras High Court rendered in the case of CIT vs Rao Bahadur Calauala Cannun Chetty Charity 135 ITR 485 and judgement of Hon'ble Madras High Court rendered in the case of CIT vs Raipur Pallotine Society, 180 ITR 579 wherein it was held that for the purpose of computing accumulation of income .allowable to the extent of 25% of income, the income has to be computed in the normal commercial manner and hence, depreciation has to be allowed in computing that income. No contrary judgement has been brought to our notice and hence, we are of the considered opinion that no interference is called for in the order of ld CIT (A) on this issue also because this issue is decided by him following various judgement of Gujarat and Bombay High Court and hence we confirm the same. This issue is also decided in favour of assessee.
Madras High Court Cites 24 - Cited by 173 - Full Document
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