Month: February 2002

Delhi H.C : According to the provisions of s. 158BC of the IT Act, 1961, after the search is conducted under s. 132 or books of account, other documents or assets are requisitioned under s. 132A

High Court Of Delhi Anil Kumar Bindal vs. Director General Of Income Tax & Ors. Sections 132, 158BC, Art. 226 Dalveer Bhandari & Vikramajit Sen, JJ. Civil Writ Petn. No. 1306 of 2002 & C.M. No. 2192 of 2002 27th February, 2002 Counsel Appeared A.N. Haksar with Rajiv Garg & Atul Sharma, for the Petitioners : …

Madras H.C : Whether the Tribunal was right in law and had valid materials in holding that no transfer took place as per the first sale deed dt. 11th June, 1981 read with another instrument of resale dt. 22nd June, 1981, for the purpose of levying tax under the head ‘Capital gains’?

High Court Of Madras CIT vs. N.R. Bhusanraj Sections 2(47), 45(1), Transfer of Property Act, 1882, s. 54 V.S. Sirpurkar & K. Raviraja Pandian, JJ. Tax Case No. 241 of 1996 27th February, 2002 Counsel Appeared Mrs. Chitra Venkataraman, for the Applicant : P. Veeraraghavan, for the Respondent ORDER V.S. SIRPURKAR, J. : The question referred …

Allahabad H.C : Where a sale of immovable property has become absolute, the TRO shall grant a certificate specifying the property sold, and the name of the person who at the time of sale declared to be the purchaser.

High Court Of Allahabad Subhash Chandra Goyal vs. Tax Recovery Officer Sections 222, SCH. II r. 10, SCH. II r. 63, SCH. II r. 86 Asst. Year 1987-88, 1990-91, 1991-92, 1992-93 R.B. Misra, J. Civil Misc. Writ Petn. No. 190 of 2000 26th February, 2002 Counsel Appeared Rajesh Kumar, for the Petitioner : A.N. Mahajan, for …

Rajasthan H.C : Whether, on the facts and in the circumstances of the case the Tribunal was justified in holding that the hotel is an industrial undertaking and consequently the assessee is entitled to investment allowance on furniture and electric goods installed therein ?

High Court Of Rajasthan : Jaipur Bench CIT vs. Smt. Geeta Devi Purohit Section 32A Asst. Year 1983-84 Y.R. Meena & A.C. Goyal, JJ. IT Ref. No. 1 of 1988 26th February, 2002 Counsel Appeared : Anuroop Singhi, for the Applicant Judgment BY THE COURT : On an application under s. 256(1) of the IT Act, …

Bombay H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in directing the AO to add to the assessee’s income, interest on the peak credit of the unproved loans instead of the entire amount of interest thereon ?

High Court Of Bombay CIT vs. Vikram A. Doshi & Anr. Sections 4, 158B V.C. Daga & J.P. Devadhar, JJ. ITA Nos. 1297 & 1298 of 2000 26th February, 2002 Counsel Appeared R.V. Desai with P.S. Jetly & B.M. Chatterjee i/b H.D. Rathod, for the Appellant JUDGMENT BY THE COURT : Heard rival parties. Parties to …

Andhra Pradesh H.C : Whether the house property bearing municipal door No. 28/49 situated as Subhash Road, Old Town, Anantapur, hereinafter referred to as the “petition schedule property”, is liable to be sold for recovery of wealth-tax arrears for the asst. yrs. 1982-83 to 1988-89 due from the late Nimmalla Appanna.

High Court Of Andhra Pradesh N. Mangathayaramma & Ors. vs. Tax Recovery Officer & Ors. Sections WT 32, Art. 226 Asst. Year 1982-83, 1983-84, 1984-85, 1985-86, 1986-87, 1987-88, 1988-89 S.R. Nayak & S. Ananda Reddy, JJ. Writ Petn. No. 109 of 1996 26th February, 2002 Counsel Appeared K. Venkatramaiah, R.V. Subba Rao & Smt. A. Chayadevi, …

Rajasthan H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in allowing full deduction under s. 80C in respect of NSCs which were purchased in the previous year not out of the income chargeable to tax for relevant assessment year ?

High Court Of Rajasthan : Jaipur Bench CIT vs. Ram Mohan Rawat Section 80C Asst. Year 1985-86 Y.R. Meena & A.C. Goyal, JJ. IT Ref. No. 24 of 1993 26th February, 2002 Counsel Appeared R.B. Mathur, for the Applicant : J.K. Ranka, for the Respondent JUDGMENT BY THE COURT : On an application under s. 256(1) …

Madras H.C : Whether, on the facts and in the circumstances of the case the Tribunal was right in holding that the discounted interest is to be assessed proportionately spreading over the three assessment years, though it is received in the relevant previous year in full ?

High Court Of Madras CIT vs. A.R. Santhanakrishnan Section 5 Asst. Year 1992-93 V.S. Sirpurkar & K. Raviraja Pandian, JJ. Tax Case No. 470 of 1996 25th February, 2002 Counsel Appeared T. Ravikumar, for the Applicant : P.P.S. Janardhana Raja, for the Respondent JUDGMENT K. RAVIRAJA PANDIAN, J. : In the above reference cases, we are …

Rajasthan H.C : After transfer of the plant and machinery, the lease amount received on account of transfer, whether can be treated as a business income ?

High Court Of Rajasthan : Jaipur Bench Shree Mahaveer Financiers vs. Commissioner Of Income Tax & Ors. Section 147 Asst. Year 1986-87, 1988-89, 1989-90 Y.R. Meena & A.C. Goyal, JJ. IT Appeal Nos. 40 to 43 of 2000 25th February, 2002 Counsel appeared Vivek Singhal, for the Appellant : R.B. Mathur, for the Respondent Judgment BY …
Malcare WordPress Security