Month: January 1997

S.C : Whether, on the facts and in the circumstances of the case, it has been rightly held by the Tribunal that the provisions of s. 79 would not apply to unabsorbed depreciation and development rebate?

Supreme Court Of India CIT vs. Concord Industries Ltd. Sections 32(2), 33(2), 79 Asst. year 1969-70 S.C. Agrawal & G.T. Nanavati, JJ. Civil Appeal No. 1807 of 1981 28th January, 1997 Counsel Appeared Ranbir Chandra, K.C. Dewan & B.K. Prasad, for the Appellant ORDER BY THE COURT : This appeal, by certificate granted by the Madras …

S.C : Whether the Tribunal was in law justified in allowing the assessee’s claim in respect of interest on the arrears of sales-tax in computing the assessee’s income for the year under consideration ?

Supreme Court Of India Lachmandas Mathuradas vs. CIT Section 37(1) Asst. Year 1974-75 S.C. Agrawal & G.T. Nanavati, JJ. Civil Appeal No. 3645 of 1983 16th January, 1997 Counsel Appeared K.B. Rohatagi, for the Appellant : B. Krishnan Prasad, for the Respondent ORDER BY THE COURT : This appeal arises out of IT Ref. No. 54 …

S.C : Whether, on the facts and in the circumstances of the case, the excess amount of Rs. 46,500 received by the assessee on retirement from the two partnership firms is assessable to capital gains ?

Supreme Court Of India CIT vs. R. Lingmallu Raghukumar Sections 2(47), 45(1) S.C. Agrawal & G.T. Nanavati, JJ. Civil Appeal No. 3384 of 1983 15th January, 1997 Counsel Appeared T.L. Vishwanatha Iyer with S. Rajappa & B.K. Prasad, for the Appellant : B. Krishna Prasad, for the Respondent ORDER BY THE COURT : This appeal by …
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