Home Case Index All Cases Income Tax Section Wise 1990 1990 (12) This

Law	-- All -- GST Income Tax Benami Property Customs Corporate Laws Securities / SEBI Insolvency & Bankruptcy FEMA PMLA Service Tax Central Excise CST, VAT & Sales Tax Wealth tax Indian Laws
Court	-- Any -- Supreme Court SC Orders / Highlights High Court Appellate Tribunal Tribunal Appellate authority for Advance Ruling Advance Ruling Authority National Financial Reporting Authority Competition Commission of India ANTI-PROFITEERING AUTHORITY Commission Central Government Board DISTRICT/ SESSIONS Court Commissioner / Appellate Authority Other
Citation	--Year-- 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 Upto 1949 - -Volume- 1 2 3 4 5 6 7 8 9 10 11 12 -
Landmark	Nil - N/A Referred in >= 3 Cases Referred in >= 4 Cases Referred in >= 5 Cases Referred in >= 10 Cases Referred in >= 15 Cases Referred in >= 25 Cases Referred in >= 50 Cases Referred in >= 100 Cases
Order by	TMI Citation Date of Decision

Advanced Search Options

Case Laws

Showing 281 to 288 of 288 Records

• 1990 (12) TMI 9 - CALCUTTA HIGH COURT
  
  ... ...
  ... ... ..... tion 214 was liable to be assessed in the assessment year 1972-73. Therefore, the impugned income could not form part of the assessment for the assessment year 1974-75. Even otherwise, the Tribunal has found, which has not been disputed, that the assessee has disclosed the particulars of interest under section 214 of Rs. 1,11,212 both in the statement of details of interest receipts and also in the return of income filed for the assessment year 1974-75. Even assuming that this income was liable to be assessed for the assessment year in question, it cannot be said that the assessee had concealed the income or furnished inaccurate particulars of income when, in the statement and return, such income has been disclosed. For the reasons aforesaid, we find no merit in the contention raised by the Revenue and we, therefore, answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.

  ---

• 1990 (12) TMI 8 - CALCUTTA HIGH COURT
  
  ... ...
  ... ... ..... g provided it is bona fide and it is regularly employed and not merely for the year in question. The finding of the Tribunal is that the assessee has changed the method of accounting bona fide and that method was being followed consistently in the subsequent years. This finding has not been challenged. The method adopted by the assessee has not been found to be prejudicial to the interests of the Revenue, having regard to the uniform rate of tax applicable to the company in all the years. There is no dispute that the method adopted by the assessee regarding the payment of bonus in the accounts is in conformity with acknowledged accountancy principles. We are of the view that, on the facts and in the circumstances of this case, the Tribunal came to a correct conclusion and no interference is called for. We, therefore, answer the question in this reference in the affirmative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.

  ---

• 1990 (12) TMI 7 - SC ORDER
  

  High Court, while sustaining the order of the Tribunal remitting the matter to the Income-tax Officer - It is implicit in the order of the High Court that the Income-tax Officer should dispose of the matter, on remand, in accordance with law. If there are subsequent binding pronouncements of this court in the matter, it is needless to say, the Income-tax Officer will take due note of them - revenue's special leave petition dismissed

  ---

• 1990 (12) TMI 6 - SUPREME COURT
  

  Jurisdiction to reopen the assessment under sections 147(a) and 148 - capital gains on transfer of mining business - validity of reassessment - Whether the consideration received for such transfer is towards goodwill and therefore exempt from tax - question is premature as the matter has not been gone into by the ITO - held that Income-tax Officer had validly and legally exercised his jurisdiction and reopened the assessment for the assessment year 1957-58

  ---

• 1990 (12) TMI 5 - SUPREME COURT
  

  Whether, the assessee would be entitled to claim as deductions the sums, for the assessment years 1959-60 to 1964-65, or any part thereof under section 10(2)(xv) or under the corresponding provisions of section 37 - held that income of expenditure of the fund was not belonging to the assessee-company and hence deficit paid by appellant is not allowable as an expenditure

  ---

• 1990 (12) TMI 4 - SC ORDER
  

  Whether the Tribunal was right in holding that the assessment made by the Income-tax Officer was barred by limitation - if there is no finding of concealment within 4 years of the assessment year, assessment beyond 4years is time barred

  ---

• 1990 (12) TMI 3 - SUPREME COURT
  

  Whether order of the Tribunal allowing the unabsorbed development rebate in respect of the plant and machinery not installed by the assessee under section 33 (1), was legal and proper - Whetherthe order of the Tribunal holding that the conditions under section 33(1) are satisfied, is legal and proper - held that new firm is not the owner who installed the plant and machinery - development rebate not entitled

  ---

• 1990 (12) TMI 2 - SUPREME COURT
  

  Method of valuation of Stock - ITO held that there was no justification for the assessee to vary from the regular accounting principle of valuing stock - Whether the ITO could reject the consistent practice of the assessee in valuing stock in exercise of his powers under s. 145 - ITO is justified under s. 145 to reject the books of accounts and determine the correct profits and gains.

  ---

1 ....1112131415