Section 5

Section 5

Rajasthan H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the value of various items of drawings, paintings, manuscripts, etc., would be exempt under s. 5(1)(xii) of the WT Act, 1957, in the case of the assessee, ignoring the fact that in the accounting periods relevant to the income-tax asst. yrs. 1964-65 and 1965-66, the assessee had, in fact, sold some paintings, etc., and the further fact that the Department has not accepted the Tribunal’s earlier decision dt. 13th March, 1975, for the two years aforesaid ?

/

High Court Of Rajasthan Commissioner Of Wealth Tax vs. Rajendra Kumar Section WT 5(1)(xii) Asst. Year 1964-65, 1965-66 J. S. […]

Sec. 5(1)(b), Section 5

Andhra Pradesh H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is correct in law in holding that the amount of Rs. 1,07,469 receivable from M. Satyanarayanamurthy of Secunderabad on account of sale of free market sugar stock of 3,564 bags did not represent the assessee’s income for the asst. yr. 1974-75 ?

/

High Court Of Andhra Pradesh CIT vs. Palakol Co-Operative Agricultural & Industrial Society Section 5(1)(b) Asst. Year 1974-75 G. Ramanujulu

Sec. 5(1)(b), Section 5

Kerala H.C : Whether, on the facts and circumstances of the case, the entirety of Rs. 44,453 being the interest awarded to the assessee on the enhanced compensation, by the judgment and decree of the learned Subordinate Judge of Ernakulam dt. 19th Oct, 1970 in L.A. No. 473 of 1964, accrued to the assessee during the previous year relevant to the asst. yr. 1974-75 and hence was taxable as the income of that year ?

/

High Court Of Kerala N.R. Vijayan Pillai vs. CIT Section 5(1)(b) Asst. Year 1974-75 K.S. Paripoornan & K. Sreedharan, JJ.

Scroll to Top
Malcare WordPress Security