Home Case Index All Cases Income Tax Section Wise 1971 1971 (8) 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 101 to 120 of 159 Records

• 1971 (8) TMI 59 - KERALA HIGH COURT
  

  Whether Appellate Tribunal was right in holding that the assessee is not guilty of any fraud or gross or wilful negligence in furnishing the return and in cancelling the penalty under section 271(1)(c) of the Income-tax Act, 1961 – question is answered in the aftirmative and against the department

  ---

• 1971 (8) TMI 58 - BOMBAY HIGH COURT
  

  Whether the Income-tax Officer had jurisdiction to re-open the assessment proceedings under section 34(1) (b) of the Act – held that mere change of opinion on same facts in the subsequent year cannot justify the reopening of completed assessment

  ---

• 1971 (8) TMI 57 - ORISSA HIGH COURT
  

  Production of records - omission of section 137 from 1st April, 1964 - bar against disclosure - learned subordinate judge not committed any illegality in calling for the documents and agreeing to accept them in evidence on a subsequent to date 1st April, 1964

  ---

• 1971 (8) TMI 56 - BOMBAY HIGH COURT
  

  Whether transactions of sale and purchase of shares are trading transactions or whether they are in the nature of investment is a question of law – there is no formula of universal application for determining this question and every case has to be decided on its own facts – Whether the assessee was a dealer in shares in the accounting periods relevant to the assessment year – Held, no

  ---

• 1971 (8) TMI 55 - DELHI HIGH COURT
  

  Payment made to the Vanaspati Manufacturers' Association of India - amount represented the assessee's share of propaganda expenses incurred by the association - expenditure was wholly and exclusively for the purpose of assessee's business – expenditure have a clear nexus with assessee's trade - allowable for deduction

  ---

• 1971 (8) TMI 54 - GUJARAT HIGH COURT
  

  Loan to shareholder exceeds the accumulated profits - Whether only 1/300th being the proportion of the number of shares of the company held by the assessee to the total number of shares of the company, of the accumulated profits of the company can be treated as dividend under section 2(6A)(e) – on a proper interpretation of section 2(6A)(e), the question is answered in the negative - whole of the sum would be liable to be taxed as dividend in the hands of the assessee u/s 2(6A)(e)

  ---

• 1971 (8) TMI 53 - DELHI HIGH COURT
  

  Profit on sale of plots – ITO contend that this profit was business profit earned by "adventure in the nature of a trade" - assessee contended before the Income-tax Officer that this profit was a capital gain – since purchase and sale is not in the line of assessee's business, excess price realised by the assessee by the sale of the two plots could not be regarded as profit accruing from adventure in the nature of trade

  ---

• 1971 (8) TMI 52 - ALLAHABAD HIGH COURT
  

  Assessee, a banking company, borrowed funds partly in treasury deposit certificates and partly in post office national savings certificates – assessee received interest on those securities - admittedly, interest on treasury deposit certificates is exempt from income-tax - whether the amount spent on acquiring tax-free securities can be apportioned and interest disallowed

  ---

• 1971 (8) TMI 51 - KERALA HIGH COURT
  

  Partnership not dissolved on death of a partner – ITO making assessment on single firm - Whether Tribunal was correct in holding that the two firms were different and were not to be treated as one firm for the purpose of income-tax assessment – Held, no - Whether Tribunal was correct in holding that the Income-tax Officer was not justified in reopening the proceedings under section 147(b) – Held, no

  ---

• 1971 (8) TMI 50 - PUNJAB AND HARYANA HIGH COURT
  

  Cash deposits – levy of penalty - burden of proof - ,penalty for concealment could not be levied merely because the cash deposits were surrendered by the assessee, unless there was material on the record to show that the surrendered item was his income

  ---

• 1971 (8) TMI 49 - GUJARAT HIGH COURT
  

  Provisions for anticipated future losses – determination of the reasonableness of the dividends distributed for the purpose of section 23A - Whether losses suffered by the assessee-company in subsequent years were to be taken into account for the purpose of determining the applicability of the provisions of section 23A of the Income-tax Act, 1922

  ---

• 1971 (8) TMI 48 - KERALA HIGH COURT
  

  Gift Tax Act, 1958 - proprietorship was converted into partnership with the sons contributing the amounts received as gifts - Whether there was a gift within the meaning of section 2(xxiv)(b) and section 2(xii) - Whether, the transaction in question was exempt under section 5(1)(xiv) on ground that it was in course of business

  ---

• 1971 (8) TMI 47 - BOMBAY HIGH COURT
  

  Whether interest earned by a practicing solicitor on moneys held by him in the clients' account are includible in the computation of total income in his personal assessment - question is answered in negative

  ---

• 1971 (8) TMI 46 - MADRAS HIGH COURT
  

  Whether the Tribunal's view that the deductions under section 80-I of the Income-tax Act should be applied to the profits and gains attributable to any priority industry before rule 8 of the Income-tax Rules is applied to ascertain the agricultural income chargeable to tax, is justified

  ---

• 1971 (8) TMI 45 - KERALA HIGH COURT
  

  Belated return - asessee claim that it was due to his bonafide mistake - whether Tribunal was right in law in sustaining the order of penalty under section 271(1)(a) of the Income-tax Act, 1961 - Held, no

  ---

• 1971 (8) TMI 44 - ORISSA HIGH COURT
  

  Sales tax debited by the assessee to the purchase account - sales-tax paid by the assessee to the Government is allowable as expenditure incurred wholly and exclusively for the purpose of business under section 10(2)(xv) of 1922

  ---

• 1971 (8) TMI 43 - KERALA HIGH COURT
  

  Assessee, Financial Corporation constituted under the State Financial Corporations Act - State Government guarantees minimum dividend to the shareholders of assessee-company - taxability of such divided paid by govt. - whether, Tribunal was justified in holding that the amount to be taken for purposes of reduction in rebate on corporation tax under the Finance Act of 1964 is only Rs. 2,09,076.46 and not Rs. 3,50,000

  ---

• 1971 (8) TMI 42 - MADRAS HIGH COURT
  

  Principles of natural justice - petitioner did not have a real opportunity to state his case - petition allowed - Whether assessing authority is justified in fixing a particular hour of day as the outer limit for making submission by the assessee

  ---

• 1971 (8) TMI 41 - KERALA HIGH COURT
  

  Gift Tax Act, 1958 - conversion of proprietary business into partnership - whether the Tribunal was justified in law in treating the transaction in question as exempt under section 5(1)(xiv)

  ---

• 1971 (8) TMI 40 - ALLAHABAD HIGH COURT
  

  Estate Duty Act, 1953 - Whether, on the facts and in the circumstances of the case, the estate duty was rightly levied in respect of the house property at No. 12, Elgin Road, Allahabad, as property passing on the death of the deceased

  ---

1 ....2345678