179 ITR

Sec. 256(2), Section 256

Madhya Pradesh H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in quashing the order of assessment passed by the ITO, Special Investigation Circle-I, Indore, on August 23, 1980, as void ab initio on the ground that the IAC(Assessment), Indore, had no jurisdiction to give directions to the ITO, Special Investigation Circle-I, Indore, under s. 144 B of the Act ?

High Court Of Madhya Pradesh CIT vs. Shelly Products Section 256(2) Asst. Year 1976-77 G.G. Sohani, Actg. C.J. & D.M.

Sec. 37(1), Sec. 41(2), Section 214, Section 32, Section 37, Section 41

Calcutta H.C : Whether, on the facts and in the circumstances of the case and having regard to the fact that the assessee is a sterling company maintaining accounts in pound sterling, the Tribunal was right in holding that for the purpose of computation of the admissible amounts of depreciation under s. 32(1)(iii) and/or development rebate and profit under s. 41(2) of the Act for the asst. yrs. 1968-69 and 1969-70, the written down value of the fixed assets should be determined, not in pound sterling, but in equivalent amount of rupees?

High Court Of Calcutta Calcutta Electric Supply Corporation Ltd. vs. CIT Sections 214, 32, 41(2), 37(1) Asst. Year 1968-69, 1969-70

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