Case Laws |
Home Case Index All Cases Income Tax Section Wise 1971 1971 (2) This
|
Advanced Search Options
Case Laws
Showing 101 to 106 of 106 Records
-
1971 (2) TMI 6 - ALLAHABAD HIGH COURT
Loss estimated on supply of sugar under compulsory demand - method of accounting followed is mercantile system - whether such loss is allowable as deduction
-
1971 (2) TMI 5 - PATNA HIGH COURT
Firm - ITO allege violation of provisions ofBihar and Orissa Excise Act by partners - entitlement to registration under section 26A
-
1971 (2) TMI 4 - CALCUTTA HIGH COURT
Assessee is a substantial shareholder of a company - accumulated profits - money advanced to shareholder - loan was repaid - whether the loan repaid is taxable as dividends
-
1971 (2) TMI 3 - CALCUTTA HIGH COURT
Notices under section 148 read with section 147(b) of the Income-tax Act, 1961 proposing to reopen the assessment - notices for recomputation of the depreciation allowance - validity of notice
-
1971 (2) TMI 2 - DELHI HIGH COURT
Salary of a pujari, who used to invoke the blessings of gods and goddesses of prosperity for the benefit of the assessee - not admissible for deduction under section 10(2)(xv) of Indian Income-tax Act, 1922
-
1971 (2) TMI 1 - DELHI HIGH COURT
Valuation of shares - Valuation Date - computation of net wealth ... ... ... ... ..... laim of the assessee but has referred the second question to this court at the instance of the revenue. It may be pointed out that there is a mistake in the amount mentioned in the question referred to us. This question referred to the amount of Rs. 6,859.06. This is obviously a mistake for Rs. 6,059.06. The two decisions of the Supreme Court in the cases of Kesoram Industries and H. H. Setu Parvati Bayi already referred to above, are decisions directly on this point and in view of these decisions the learned counsel for the Revenue conceded that the assessee was entitled to deduction of the whole amount of Rs. 6,059.06 and that the Tribunal was right in allowing the entire claim of the assessee. We, therefore, answer the second question also in the affirmative, i.e., in favour of the assessee and against the Revenue. The assessee will get the costs of this reference from the Commissioner of Wealth-tax. Counsel s fee is fixed at Rs. 250. Questions answered in the affirmative.
....
|
|