April 1998

Section 32, Uncategorized

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that the assessee was entitled to depreciation at the amended rate of 15 per cent on the general machinery or plant for the asst. yr. 1981-82, though the IT (Fourth Amendment) Rules of 1983 came into force from 2nd April, 1983 ?

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High Court Of Madras CIT vs. Tractors And Farm Equipments Ltd. Section 32 Asst. year 1981-82 R. Jayasimha Babu & […]

Sec. 40(c), Sec. 40A(5)

Madras H.C : Whether, on the facts and in the circumstances of the case, the expenditure of the assesseecompany which resulted in the provision of a perquisite to the employees or benefit or amenity to a director by reason of his being provided with cars used for both official and private purposes, should be taken to be the actual expenditure incurred in respect of the cars amounting to Rs. 3,98,746 in respect of the employees and Rs. 4,49,072 in respect of the directors or at the value of the perquisite of private use of the cars estimated in the assessments of the employees at Rs. 1,26,413 and the directors at Rs. 3,55,988 for the purpose of making disallowance under s. 40A(5) and s. 40(c)(i) of the IT Act, 1961 ?

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High Court Of Madras CIT vs. Madura Coats Ltd. Sections 40(c), 40A(5) Asst. Year 1976-77 N.V. Balasubramanian & Mrs. A.

Section 4

Madras H.C : Whether on the facts and in the circumstances of the case the Tribunal was right in holding that the sum of Rs. 1,73,343 constituted income from other sources in the hands of the assessee? A rice mill of the assessee was taken over by the Government on 7th Dec., 1972, but payment therefor was made only in the year 1978.

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High Court Of Madras Tiruchirapalli Co-Operative Marketing Society Ltd. vs. CIT Section 4 Asst. Year 1980-81 R. Jayasimha Babu &

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