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Showing 61 to 64 of 64 Records
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1969 (8) TMI 4 - SUPREME COURT
Asset - allowable expenditure - right to receive a share of the income was a mere right to any annuity where the terms and conditions relating thereto precluded the commutation of any portion into a lump sum grant. The word 'annuity' should be given its popular and dictionary meaning and not the signification which it has assumed as a legal term owing to judicial interpretation - Assessee's appeal is dismissed
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1969 (8) TMI 3 - SUPREME COURT
Determining the net value of the assets of the assessee u/s. 7(2) - no material produced by the assessee to demonstrate that the written down value is the real value - Tribunal was right in directing that the written down value of the fixed assets of the assessee should be adopted as the value thereof, instead of their balance sheet value
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1969 (8) TMI 2 - SUPREME COURT
Business of the assessee was to deal with shares and securities - assessee had purchased the arrears of dividend - dividend which had been declared between the years 1936 and 1945 and were received by the assessee during the accounting period amounted to Rs. 43,925 - said sum of Rs. 43,925 could not be assessed either as dividend or as profit - Revenue's appeal dismissed
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1969 (8) TMI 1 - SUPREME COURT
Whether the loss of Rs. 1,11,816 suffered by the assessee on the sale of shares of Fort William Jute Company Ltd. was a loss that arose in its share dealing business - Held, yes - Assessee's appeal dismissed
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