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Wealth tax Case Laws

 

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Showing 1 to 15 of 3331 Records

    2015 (2) TMI 997 - ITAT KOLKATA

    Wealth Tax Officer, Wd-10(2) Kolkata Versus Ferrolite products Ltd.

    Exclusion of values of land and house property from net wealth - renting out of property - commercial establishment or complex - assets are situated in urban area and have been shown under separate block in the audited accounts - Held that:- The fact ......

    2015 (2) TMI 816 - ANDHRA PRADESH HIGH COURT

    The Trustees of HEH Versus The Commissioner of Income Tax

    Occasion to invoke section 21(4)the Wealth-tax Act - Accelerated interest in the trust properties - whether right to wear the jewellery is not an asset - whether interest of the beneficiaries in the trust property was assessable under section 164 of ......

    2015 (2) TMI 258 - ITAT HYDERABAD

    Shriram Chits Pvt. Ltd. Versus Dy. Commissioner of Wealth Tax, Hyderabad

    Penalty u/s 18(1)(c) of the Wealth Tax Act, 1957 - concealment of value of property - Held that:- the fact that the value declared by the assessee of its Mumbai property was accepted by the AO in the assessments originally completed u/s 16(3) read w ......

    2015 (2) TMI 215 - ITAT DELHI

    JB. Roy Versus Dy. Commissioner of Wealth Tax

    Enhancement in the value of land owned by the firm where the appellant is a partner - Rule 20 of Schedule III of the Wealth Tax Act 1957 - Held that:- land being used as business asset, its value was to be determined as per Rule 14 and not as per Ru ......

    2015 (2) TMI 172 - ITAT PANAJI

    The Assistant Commissioner of Wealth Tax Versus M/s. Goa International School Pvt. Ltd.

    Deletion of wealth tax - Land an urban land or not - Whether CWT(A), Panaji has erred in treating the company plot of urban land, which is liable for Wealth Tax is outside the purview of definition of assets u/s. 2(ea)(v) of the Wealth Tax Act - Held ......

    2015 (2) TMI 122 - GUJARAT HIGH COURT

    DY. CWT Versus SODIUM METAL PVT. LTD.

    Benefit of Section 40(3)(vi) of the Wealth Tax Act - Whether on the facts and in the circumstances of the case, the ITAT has substantially erred in law in directing to delete the value of the assets used for the purpose of earning lease rent income t ......

    2015 (2) TMI 73 - KERALA HIGH COURT

    THE COMMISSIONER OF WEALTH TAX COCHIN AND THE WEALTH TAX OFFICER, WARD-1, MATTANCHERRY Versus MR. NAZIM ZACHERIA AND M/s. ABAD FISHERIES

    Interest claim on refund - Whether the assessee is entitled to interest under Section 34A(4B)(a) of the Wealth-Tax Act, 1957 when the assessee had submitted return of self assessment - Held that:- With respect to refund and interest payable on refund ......

    2015 (2) TMI 51 - ITAT DELHI

    Subrata Roy Sahara Vs. DCWT Cent. Circle-6, New Delhi

    Enhancement in value of land - Whether the first appellate authority has erred in confirming the addition made by the AO towards enhancement in the value of the land owned by the firm where the appellant is a partner - Held that:- Tribunal has upheld ......

    2015 (2) TMI 22 - ANDHRA PRADESH HIGH COURT

    The Trustees of HEH Versus The Commissioner Of Income Tax

    Wealth tax assessment - Wedding Gifts Trust - Levy of tax u/s 21 of the Wealth Tax Act - Whether the assessment has to be made under sub-section (1) or sub-section (4) thereof - Held that:- The terms of the Trust Deed are very clear and unambiguous. ......

    2014 (12) TMI 463 - ITAT MUMBAI

    Mr. Shah Rukh khan Versus Asst. Commissioner of Wealth Tax

    Enhancement in net worth of Shah Rukh Khan-assessee - Addition on account of residential house and jewellery purchased by the wife Gauri Khan of the appellant from a loan given to her by the assessee - Transfer of asset - Escapement of assessment - H ......

    2014 (10) TMI 435 - ITAT MUMBAI

    ST. Holding Pvt. Ltd. Versus Assistant Commissioner of Wealth Tax

    Valuation of property - Section 2(ea) of Wealth Tax Act, 1957 - whether security taken for lease of asset would be treated as debt - Held that:- a security deposit taken by the assessee-lessor leads to an inflow of funds with it. He is thus without ......

    2014 (10) TMI 403 - ANDHRA PRADESH HIGH COURT

    The Commissioner of Wealth Tax, Andhra Pradesh-I, Hyderabad Versus Trustees of Prince Moazam Jah Trust, Hyderabad

    Determination of share of beneficiaries in a trust for the purpose of wealth tax - Applicability of section 21(4) - Whether the Tribunal is correct in holding that the Trust is a specific one and that the beneficiaries are known and their shares are ......

    2014 (8) TMI 768 - ITAT MUMBAI

    WTO-8(3) (2), Mumbai Versus M/s. SN. Desai Hospitalities & Developers Pvt. Ltd.

    Deletion the value of the land for Wealth Tax - Exempt u/s 2(2ea)(ii) - Whether CWT(A) erred in directing the AO to delete the value of the land for Wealth Tax purposes as being exempt ujs. 2(2ea)(ii) of the W. T. Act, without appreciating the findin ......

    2014 (7) TMI 543 - SUPREME COURT

    Amrit Banaspati Co. Ltd. Versus Commissioner of Wealth-Tax

    Valuation of assets being a residential flat - Rule 3 to 7 of Schedule III of the Wealth-Tax Act, 1957 - scope of the term 'practicable' - wide variation between alleged market value as determined by the Departmental Valuation Officer and the value a ......

    2014 (5) TMI 286 - SUPREME COURT

    Commissioner of Wealth Tax, Rajkot Versus Estate of Late HMM Vikramsinhji of Gondal

    Computation of taxable income and taxable wealth of discretionary trust - estate of the deceased Settlor - legal position about the discretionary trust - assessment years 1964-65 to 1970-71 and assessment years 1970-71 to 1982-83 - Held that:- A disc ......

   
 
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