Gauhati High Court

Income Tax Case Laws

Gauhati H.C : Whether, on the facts and in the circumstances of the case and in view of the provisions of rule 8 of the IT Rules, 1962, the Tribunal was justified in law in sustaining the CIT(A)’s decision that 40 per cent of the income on sale of assets, excess liability written off and miscellaneous receipts be taken to be liable to tax instead of 100 per cent taken by the AO ?

High Court Of Gauhati CIT vs. Bansidhar Sewbhagovan & Co. Section Rule 8 Asst. Year 1982-83, 1983-84, 1984-85 V.D. Gyani,

Sec. 2(c), Sec. 5(1)(iv), Section 2, Wealth Tax Act

Gauhati H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in setting aside the orders of the authorities below regarding allowability of exemption under s. 5(1)(iv) of the WT Act, 1957, at the stage of determination of net wealth of the AOP in which the assessee was a member, before its allocation amongst the members, for fresh disposal by the WTO in the light of the decision of the Tribunal (Special Bench), Pune, in the case of N.R. Karia vs. WTO (1985) 22 TTJ (Pune) (SB) 13 : (1985) 13 ITD 545 (Pune)(SB) ?

High Court Of Gauhati Commissioner Of Wealth Tax vs. Ramniwas Karwa & Anr. Sections WT 2(c), WT 5(1)(iv), WT RULE

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