Month: March 1998

Madras H.C : Whether, on the facts and circumstances of the case, the Tribunal was right in holding that goodwill, not purchased for a price but built up over a period of years, was liable to be taken into consideration in determining the net value of the assets of the business as a whole on a global basis and the value thereof is to be included having regard to the provisions of r.  2C of the WT Rules, 1957 ?

High Court Of Madras B. Virdhagiri vs. CIT Sections WT Rule 2C(d) Asst. Year 1974-75, 1976-77, 1978-79 N.V. Balasubramanian & P. Thangavel, JJ. Tax Case Nos. 542 & 681 to 684 of 1986 24th March, 1998 Counsel Appeared P.P.S. Janardhana Raja for M/s Subbaraya Aiyar & Padmanabhan, for the Assessee : C.V. Rajan, for the Revenue …

Andhra Pradesh H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is correct in holding that the probable estate duty payable on the death of the life tenant has to be taken into account and the value of the property will be diminished by that for charge of wealth-tax in the hands of the remaindermen?

High Court Of Andhra Pradesh Commissioner Of Wealth Tax vs. SB. Naseema Begum & Ors. Sections WT 5(1)(xxvi), WT 7 S.V. Maruthi & T.N.C. Rangarajan, JJ. Ref. Case Nos. 53, 56, 65, 69, 77, 78, 106, 107, 116, 133 & 134 of 1989 & 229 of 1990 5th March, 1998 Counsel Appeared S.R. Ashok, for the …
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