Case Laws |
Home Case Index All Cases Income Tax Section Wise 1966 1966 (12) This
|
Advanced Search Options
Case Laws
Showing 41 to 42 of 42 Records
-
1966 (12) TMI 2 - ANDHRA PRADESH HIGH COURT
It is well settled that the test whether a certain order is final within the meaning of Art. 133(1)(b)of Constitution of India is whether that order finally disposed of the rights of the parties covered by the proceeding
-
1966 (12) TMI 1 - PUNJAB HIGH COURT
Net wealth - section 2(m) - Whether debt owned liable to be deducted
... ... ... ... ..... ets or his net assets may be much below the taxable limit though for a good part of the accounting year he was in possession of vast assets. We are accordingly of the opinion that no deduction on account of wealth-tax could be allowed to the petitioner-assessee in arriving at his net assets for the purpose of computing the wealth-tax payable by him for the various years under reference. In view, however, of our finding that the petitioner was entitled to deductions on account of expenditure-tax and gift-tax, the orders of the wealth-tax authorities to that extent cannot be sustained, and we direct the respondent-authorities to rectify the orders in view of the observations made by us above so as to give the petitioner relief for the amount paid by him on account of expenditure and gift taxes. All the four petitions are accordingly accepted to the extent indicated above. In the circumstances of the case, we leave the parties to bear their own costs. SHAMSHER BAHADUR J.-I agree
|
|