Home Case Index All Cases Income Tax Section Wise 1970 1970 (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 61 to 75 of 75 Records

• 1970 (12) TMI 15 - CALCUTTA HIGH COURT
  

  Bengal Agricultural Income-tax Act, 1944 - determining the market value for unsold paddy

  
  
  ... ...
  ... ... ..... rawn our attention to Order No. 397 F.D./F/P 4P-21/52, dated the 14th January, 1953 which was published in the Calcutta Gazette, Extraordinary , dated the 14th January, 1953 (Part I, pages 41, 42). By this order the Governor of West Bengal with the concurrence of the Central Government had also fixed the maximum prices per maund at which rice in husk (paddy) of different varieties may be bought or sold in wholesale quantities in several districts. In the premises aforesaid, it is purely academic to argue about procurement rate and market rate operating simultaneously in the accounting year with which we are concerned in this reference. Our answer to the question in this reference is, therefore, in the negative and in our opinion the Tribunal should apply the maximum rate fixed by the order aforesaid to the entire quantity of paddy possessed by the assessee in the accounting year. Each party will bear and pay its own costs. K. L. Roy J.-I agree. Question answered accordingly.

  ---

• 1970 (12) TMI 14 - CALCUTTA HIGH COURT
  

  Whether tax liability outstanding from previous years, should be considered for determining the availability of surplus money, for distribution of dividends u/s 23A

  ---

• 1970 (12) TMI 13 - CALCUTTA HIGH COURT
  

  Validty of reassessment proceedings when status was wrongly described in the notice u/s 148

  
  
  ... ...
  ... ... ..... while the description of the status the other way would be referable to another assessee. Where such is the case, the description of the status may be indicative of the fact that a particular assesee is sought to be proceeded against and if sanction of the Commissioner is obtained for proceeding against that assessee, such sanction cannot be availed of for the purpose of initiating proceedings against another assessee who would be indicated by the description of the status the other way. In my opinion, this is a case where the status of the assessee was wrongly described in the impugned notices and it was corrected by the Income-tax Officer in the course of the assessment proceedings on the application of the assessee and on the assessee s filing revised returns. There is absolutely no merit in this application and it must be dismissed. The rule is discharged. Interim order, in any, is vacated. The petitioner would pay one set of costs of this application to the respondents.

  ---

• 1970 (12) TMI 12 - BOMBAY HIGH COURT
  

  Benami transaction - income from properties which are in name of wife which were bought with moneys given by the husband - whether such property belongs to husbands family and whether income from such property can be included in income of family

  ---

• 1970 (12) TMI 11 - CALCUTTA HIGH COURT
  

  In its books of account for the current year which were maintained on the mercantile system of accounting the assessee made the provisions for its liability under the Sales Tax Act - demand notice for the sales tax of earlier years were received by the assessee in the accounting year - demand was not disputed by assessee - held that amounts demanded have to be allowed as deduction

  ---

• 1970 (12) TMI 10 - ALLAHABAD HIGH COURT
  

  Whether the Tribunal was right in holding that there was no partial partition as claimed by the assessee - whether the share of profit paid to Ghanshyam and the interest paid to Rameshwar Lal and Saraswati Devi by the firm M/s. Brij Mohan Lal Rameshwar Lal was rightly included in the income of the assessee, Hindu undivided family

  ---

• 1970 (12) TMI 9 - ALLAHABAD HIGH COURT
  

  Same business - Carry forward and set off of loss

  
  
  ... ...
  ... ... ..... under which the assessee acquired the managing agency. (4) Ninety-five per cent. of the shares held by the assessee related to Meyer Mills Ltd. (5) There was no allocation of interest between the managing agency and the shares of the managed-company. (6) The shares were acquired and managing agency was obtained in the year 1946. After a few years the assessee started liquidating the shares. The assessee soon gave up the managing agency. (7) The Tribunal has found that the company in fact combined the two activities under consideration. It will be seen that the probabilities of the case are in favour of the assessee. The Tribunal was right in concluding that the two activities of the assessee under consideration constituted one business. We, therefore, answer the question referred to the court in the affirmative and in favour of the assessee. The Commissioner of Income-tax, U. P., shall pay the assessee Rs. 200 as costs of this reference. Question answered in the affirmative.

  ---

• 1970 (12) TMI 8 - DELHI HIGH COURT
  

  Whether the exception under section 7(2)(ii) of the Income-tax Act, 1922, was a bar to the deductibility of the entertainment allowance or any portion thereof received by the assessee

  ---

• 1970 (12) TMI 7 - ALLAHABAD HIGH COURT
  

  Trust - building of residential quarters for workmen in general - but trustees had discretion to spend the entire income for the benefit of the workmen belonging to a particular company - whether object of the trust cannot be said to be a charitable object

  ---

• 1970 (12) TMI 6 - CALCUTTA HIGH COURT
  

  Petitioner preferred an appeal before the AAC - in the meantime ITO forwarded a certificate to the Tax Recovery Officer - held that when the assessee had already been granted a stay without imposing any condition, the Income-tax Officer cannot exercise his discretion any further unless there is anything in the conduct of the assessee which disentitled him to further stay till the disposal of appeal

  ---

• 1970 (12) TMI 5 - DELHI HIGH COURT
  

  Distribution of dividends - Dividend income - Income Tax Return - In which year it is assessable

  ---

• 1970 (12) TMI 4 - PUNJAB AND HARYANA HIGH COURT
  

  Concealed income found in income tax - whether it is deductible for wealth-tax purposes - Held, yes - undoubtedly the tax liability is a debt. It has to be deducted from the wealth of the assessee in order to arrive at the net wealth

  ---

• 1970 (12) TMI 3 - ALLAHABAD HIGH COURT
  

  Notional depreciation - computation of depreciation

  
  
  ... ...
  ... ... ..... Income-tax Act, 1922, did not include any notional allowance. As explained above, the same principle should govern the interpretation of section 43(6)(b) of the Income-tax Act, 1961. In the present case notional allowance for depreciation appears to have been allowed to the assessee for the earliar assessment years 1959-60, 1960-61 and 1961-62. For none of these three years was any deduction actually allowed on account of depreciation. Consequently, there is no room for any deduction from the cost price as contemplated by clause (b) of sub-section (6) of section 43 of the Act. The written down value for the assessment year 1962-63 had to be accepted at the figure of the cost price (Rs. 30,000). Our answer to the question referred to the court is, therefore, that depreciation on the motor truck had to be calculated on Rs. 30,000. The question is answered in favour of the assessee. The Commissioner of Income-tax, U.P., shall pay the assessee Rs. 200 as costs of this reference.

  ---

• 1970 (12) TMI 2 - ALLAHABAD HIGH COURT
  

  Validity of proceedings relating to the search and seizure of their account books and other documents under section 132(1) of the Income-tax Act, 1961

  ---

• 1970 (12) TMI 1 - KERALA HIGH COURT
  

  Whether the income from the letting of the building by the assessee to the Export Promotion Council is assessable under the head 'Income from house property 'and not under the head " Income from other sources " - held that question referred is answered in the affirmative and against the assessee

  ---

1234