Month: August 1998

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is justified in law in cancelling the penalties levied under s. 271(1)(c) of the IT Act for the asst. yrs. 1972-73 to 1975-76 ?

High Court Of Madras CIT vs. Dr. A. Mohd. Abdul Khadir Sections 271(1)(c) Asst. Year 1972-73, 1973-74, 1974-75 R. Jayasimha Babu & Mrs. A. Subbulakshmy, JJ. Tax Case Nos. 934 to 937 of 1986 19th August, 1998 Counsel Appeared C.V. Rajan, for the Revenue : None, for the Assessee JUDGMENT R. Jayasimha Babu, J. : The …

Madras H.C : The petitioner, which is a closely-held private company and which deals in land has challenged the constitutional validity of s. 40 of the Finance Act, 1983, which provides for levy of wealth-tax on closely-held companies.

High Court Of Madras V.G.P. Housing (P) Ltd. vs. Union Of India & Ors. Sections 1983FA 40 R. Jayasimha Babu, J. Writ Petn. No. 18848 of 1992 7th August, 1998 Counsel Appeared P.P.S. Janarthana Raja, for the Petitioner : S.V. Subramaniam, for the Respondents JUDGMENT R. JAYASIMHA BABU, J.: The petitioner, which is a closely-held private …
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