July 2002

Income Tax Case Laws

Rajasthan H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the drilling machines used by the assessee should be treated as earth-moving machinery, falling under entry 4 of the item III-D of Part I of Appendix I of the IT Rules, 1962, and, therefore, entitled to depreciation at 30 per cent ?

High Court Of Rajasthan Assistant Commissioner Of Income Tax vs. Vipin Doshi Sections RULE, Appexdix I, Part I, Entry No.

Wealth Tax Act

Rajasthan H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in directing the WTO to arrive at the value of the immovable property by applying r. 1BB and further in directing if the value arrived at by applying r. 1BB does not exceed the value as per the books by 20 per cent, then he shall not apply r. 2B(2) in respect of immovable property?

High Court Of Rajasthan Commissioner Of Wealth Tax vs. Shyam Mohan Rawat Sections WT Rule 1BB, WT Rule 2B(2) Y.R.

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