Month: December 1997

Madras H.C : Whether for the purpose of arriving at the value of the unquoted equity shares the Tribunal was right in holding that only the latest published balance sheet of the respective companies, signed by the auditors and passed by the annual general meeting, available as on the valuation dates, should be taken into account and not the balance sheets drawn up on the date immediately preceding the valuation dates but published after the valuation dates?

High Court Of Madras Commissioner Of Wealth Tax vs. T.R. Kannan Section WT Rule 1D Asst. Year 1977-78, 1978-79, 1979-80, 1980-81 Balasubramanian & P. Thangavel, JJ. C. Nos. 54 to 56 of 1984; 1094, 1380, 1480, 1481, 1486 & 1506 of 1985 and 326 to 330, 395 & 396 of 1986 24th December, 1997 Counsel Appeared …

Madras H.C : This revision, at the instance of the Revenue, is directed against the order dt. 24th Dec., 1992, of the Tamil Nadu Agricultural Tribunal, Madras-104 (for short “the Tribunal”), and made in ATA No. 44 of 1992 relatable to the asst. yr. 1991-92.

High Court Of Madras State Of Tamil Nadu vs. Puthuthottam Estates Ltd. Sections T.N. Agrl. IT 5(e) Asst. Year 1991-92 M.S. Janarthanam & K.P. Sivasubramaniam, JJ. Tax Case No. 340 of 1993 12th December, 1997 Counsel Appeared K. Elango, for the Petitioner : G. Gangadharan, for the Respondent JUDGMENT M.S. JANARTHANAM, J. : This revision, at …

Rajasthan H.C : Whether, on the facts and in the circumstances of the case and in law, the Tribunal was justified in holding that the ITO did not have any basis for estimating the value of closing stock ?

High Court Of Rajasthan : Jaipur Bench CIT vs. Bindal Jewellers Sections 256(2) Asst. Year 1987-88 N.K. Jain & J.C. Verma, JJ. D.B. IT Ref. Appl. No. 7 of 1993 2nd December, 1997 Counsel Appeared A. Kasiwal, for the Applicant : N.M. Ranka & J.K. Ranka, for the Respondent JUDGMENT BY THE COURT : This IT …
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