169 ITR

Sec. 17(3), Sec.17(3)(ii), Section 17

Kerala H.C : Whether, on the facts and in the circumstances of the case, and also in the absence of an approved gratuity fund created by it for the exclusive benefit of employees under an irrevocable trust, the assessee is entitled to claim deduction of the provision for the liability towards gratuity payable to the employees ?

High Court Of Kerala CIT vs. Commonwealth Trust Ltd. Sections 17(3)(ii), 40(a)(v), 40A(7) T. Kochu Thommen & K.P. Radhakrishna Menon, […]

Section 22, Section 28

S.C : Whether, on the facts and in the circumstances of the case, the income derived by the assesseecompany by way of lease rent from the letting out of its assets during the years ended 31st Dec., 1959, 31st Dec., 1960, 31st Dec., 1961 & 31st Dec., 1962, is assessable to tax under the head ‘Profits and gains of business’ or under the head ‘Income from other sources’?

Supreme Court Of India CIT vs. Vikram Cotton Mills Ltd. Sections 28, 22 Asst. Year 1960-61, 1961-62, 1962-63, 1963-64 Sabyasachi

Sec. 139(1), Sec. 139(4), Section 139

S.C : The appellants, who are all registered firms within the meaning of s. 2(39) of the IT Act, 1961 (hereinafter referred to as “the Act”), have preferred these appeals against the judgments of the Gauhati High Court overruling the challenge of the appellants as to the legality of the interest charged by the ITO for the delayed filing of returns and also as to the constitutional validity of subs. (4) of s. 139 of the Act, as it stood before 1st April, 1971.

Supreme Court Of India Ganesh Dass Sreeram & Ors. vs. ITO & Ors. Sections 139(1), 139(4) Asst. Year 1968-69 R.S.

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