Month: June 2001

Gujarat H.C : The petitioner-assessee, for the asst. yrs. 1996-97 and 1997-98, was eligible for certain deductions under the provisions of s. 80HHC of the IT Act, 1961

High Court Of Gujarat Ramdev Exports vs. CIT Section 264 Asst. Year 1996-97, 1997-98 A.R. Dave & D.A. Mehta, JJ. Special Civil Appln. No. 4075 of 2001 29th June, 2001 Counsel AppearedK.H. Kaji, for the Petitioner : Akil Qureshi for Manish R. Bhatt, for the Respondent JUDGMENT A.R. DAVE, J. : Rule. Service of rule is …

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was correct in coming to the conclusion that the filigree silver and silverware held by the assessee as stock-in-trade is not includible in the net wealth of the assessee ?

High Court Of Madras Commissioner Of Wealth Tax vs. Vummidi Bangaru Chetty (P) Ltd. Sections WT 3 Asst. Year 1984-85, 1985-86, 1986-87, 1987-88, 1988-89 R. Jayasimha Babu & K. Gnanaprakasam, JJ. T.C. Nos. 1225 of 1229 of 1992 28th June, 2001 Counsel Appeared J. Naresh Kumar, for the Revenue : None, for the Assessee JUDGMENT K. …

Madras H.C : These applications have been filed by the companies directors and other employees seeking for quashing of the complaints filed against them by the ITO, Central Circle, Chennai, for the offences under ss. 120B

High Court Of Madras Kothari & Sons Industries (P) Ltd. & Ors. vs. N. Subramanian, ITO Sections 276C, 277, 278, IPC 34, IPC 120B, IPC 193, IPC 196, IPC 420, IPC 511 M. Karpagavinayagam, J. Crl. O.P. No. 3034 of 1999 & Crl. M.P. Nos. 1631, 1633, 1635, 1637, 1639, 1641 & 1643 of 1999 22nd …

Madras H.C : The rental income from the flat was taxed in the hands of the assessee. Despite the transfer, the rental income realised from the flat was treated as the income of the assessee by reason of s. 64(1)(iv)

High Court Of Madras CIT vs. M.S.S. Rajan Section 64(1)(iv) Asst. Year 1979-80 R. Jayasimha Babu & K. Gnanaprakasam, JJ. TC No. 821 of 1994 20th June, 2001 Counsel Appeared Mrs. Chitra Venkataraman, for the Revenue : V.D. Gopal for P.B. Ramanujam, for the Assessee JUDGMENT R. Jayasimha Babu, J. : The assessee transferred a flat …

Madras H.C : The respondent issued a notice dt. 8th Sept., 2000, under s. 148 of the IT Act, 1961, to the appellant, intimating that a part of income assessable for the year 1999-2000 had escaped assessment within the meaning of s. 147

High Court Of Madras Sri Krishna Mahal vs. Assistant Commissioner Of Income Tax Sections 147, 148 Asst. Year 1999-2000 N.K. Jain, C.K. & P. Thangavel, J. Writ Appeal No. 983 of 2002 & C.M.P. No. 8789 of 2001 18th June, 2001 Counsel Appeared N. Quadir Hoseyn, for the Appellant JUDGMENT N.K. JAIN, CJ. : This writ …

Madras H.C : The question referred to us is covered by a judgment of this Court in this case of CIT vs. Sholinger Textiles Ltd. (1999) 240 ITR 908 (Mad), wherein, an identical question was considered by this Court and the answer was given by this Court against the Revenue

High Court Of Madras CIT vs. Tamil Nadu Poultry Development Corporation Ltd. Section 37(3A) R. Jayasimha Babu & K. Gnanaprakasam, JJ. T.C. No. 129 of 1993 14th June, 2001 Counsel Appeared T. Ravikumar, for the Revenue : P.P.S. Janarthana Raja, Padmanabhan & Ramamani, for the Assessee JUDGMENT R. JAYASIMHA BABU, J. : Counsel have agreed that …

Gujarat H.C : The show-cause notice dt. 16th of July, 1997, was issued to the company as well as its directors demanding the duty and it was also proposed to impose penalties.

High Court Of Gujarat Radheshyam Tilochand Agarwal Saraogi vs. Union Of India Section KVSS 1(2) M.R. Calla & N.G. Nandi, JJ. Special Civil Appln. Nos. 9449 to 9453 & 9514 of 1999 14th June, 2001 Counsel Appeared Paresh M. Dave, for the Petitioner : Mukesh R. Shah, for the Respondents JUDGMENT M.R. CALLA : Mr. P.M. …
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