status in the context of the joint venture agreement vis-a-vis the agreement granted to the joint venture by Chennai Port Trust. The contract ... joint venture agreement between the companies and the award of contract under the agreement between the assessee company and the joint venture, the status
exactly on the very same issue as regards the status of joint venture whether it is an association of person or not. Therefore, the decision ... also filed a return showing the status of joint venture as an AOP on 02.11.1998 before the Income Tax Officer, Ward-34, Mumbai, along with
done by the
joint venture company.
3.2. According to the respondent, as per Article 23 of the Joint
Venture, the profits earned by the respondent ... hands and
no income was taxable in the status of joint venture. However, contrary to
Article 23 , Chennai Port Trust deducted tax only
each constituent partner of Joint Venture for which
they are jointly and severally liable. Any bid filed by the Joint
Venture becomes the bid filed ... contractor
included in their Joint Venture Agreement in original
contract work shall only be considered for
evaluation purpose.
In Joint Venture Consortium the lead partner
status
and legal position of "Joint Venture vis-a-vis Income-tax Act The
Joint Ventures are not be governed by the provisions ... governs a Joint Venture. Hence the issue regarding the
relationship between the members and also between the members
and the Joint venture
status
and legal position of "Joint Venture vis-a-vis Income-tax Act The
Joint Ventures are not be governed by the provisions ... governs a Joint Venture. Hence the issue regarding the
relationship between the members and also between the members
and the Joint venture
status
and legal position of "Joint Venture vis-a-vis Income-tax Act The
Joint Ventures are not be governed by the provisions ... governs a Joint Venture. Hence the issue regarding the
relationship between the members and also between the members
and the Joint venture
stated that :
(1) Status of the assessee.
The status of the assessee is not the joint Venture but the correct status ... above issues and allowed the same in respect of
status of assessee claimed as joint venture, claim of deduction under Section
80IA
Income-tax Act, 1922 in the
status of an unregistered firm and computed the income of
the joint venture at Rs. 80,925. In appeal ... collectively in the hands of the three parties to the joint
venture in the status of an unregistered firm. But on a
concession made
together as a joint venture in the matter of inheriting the estate from their husband. In the absence of a joint venture to produce income ... there must be a joint venture, and (2) that the object of the joint venture is to earn income. Both the conditions are satisfied
