January 2004

Income Tax Case Laws

S.C : This batch of matters, some appeals by special leave under Article 136 of the Constitution and some writ petitions filed in this Court, raise a few questions of constitutional significance centering around Entries 52, 54 and 97 in List I and Entries 23, 49, 50 and 66 in List II of the Seventh Schedule to the Constitution of India as also the extent and purport of the residuary power of legislation vested in the Union of India.

Supreme Court Of India State Of West Bengal vs. Kesoram Industries Ltd. & Ors. Constitution of India, Sch. VII, List

Sec. 37(1), Section 32AB, Section 37

Calcutta H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in rejecting the claim of subscription paid to Borsola Gymkhana Club for repairs of club building, which was destroyed by fire, of Rs. 5,00,000 on the ground that the assessee was not the owner of the club building, although its employees are members of this club ?

High Court Of Calcutta Assam Brook Ltd. vs. CIT Sections 32AB, 37(1) Asst. Year 1989-90 Aloke Chakrabarti & Sadhan Kumar

Sec. 2(7)

Calcutta H.C : The writ petitioner/appellant-Shaw Wallace & Co. Ltd. (SWCL) had assailed the notices issued under s. 226(3)(x) of the IT Act, 1961 (the Act), against the Andhra Pradesh Beverages Corpn. Ltd. (APBCL) as debtor of SWCL, the garnishee against whom a notice under s. 226(3) of the Act was issued, seeking to recover the tax due and payable by Visisth Chay Vyapar Ltd. (VCVL) in respect of the amount due and payable by SWCL, the garnishee to VCVL, the decree-holder, pursuant to a decree obtained by the latter against the former.

High Court Of Calcutta Shaw Wallace & Co. Ltd. & Anr. vs. Union Of India & Ors. Sections 2(7), 226(3)(x),

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