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Showing 121 to 122 of 122 Records
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1986 (9) TMI 3 - ANDHRA PRADESH HIGH COURT
Estate Duty, Notice, Property Escaping Assessment, Reassessment ... ... ... ... ..... the notice had already been filed by the petitioners before the respondent and that no orders thereafter had been passed by the respondent pursuant to the notice. The apprehension expressed by counsel for the petitioners is that the notice having been issued in spite of the provisions contained in section 36 of the Estate Duty Act, 1953, the respondent might pass an assessment order which might be prejudicial to the petitioners, and it would be even without jurisdiction. We have absolutely no reason to believe that the respondent would pass any order without perusing the objections filed by the petitioners or without noticing the relevant provisions of the Act, particularly section 36(3) (sic) of the Estate Duty Act. The respondent would dispose of the matter after carefully considering the objections filed and taking due notice of the relevant provisions of law, particularly of section 36(3) (sic) of the Estate Duty Act. The writ petition is disposed of in the above terms.
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1986 (9) TMI 2 - SUPREME COURT
Appellant, Brooke Bond & Co. Ltd., now known as Brooke Bond Leibig Ltd., is a sterling company carrying on business in tea with its head office in the United Kingdom, The appellant has invested in shares of other tea companies in different parts of the world, and has a hundred percent shareholding in an Indian subsidiary, Brooke Bond (India) Ltd. - held that dividends received is not business income as share holdings are not incidental to assessee's business
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