In favour of Matter remanded

Section 79

Kerala H.C : Whether, on the facts and in the circumstances of the case and also in view of the fact that there was a change of more than 51 per cent. of the voting power, the assessee is entitled to the benefit of set off of carried forward losses of earlier years having regard to the correct interpretation of s. 79 of the IT Act, 1961?

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High Court Of Kerala CIT vs. Malabar Trading Corporation (P) Ltd. Section 79 Asst. Year1979-80 K.S. Paripoornan & K.A. Nayar,

Income Tax Case Laws

Allahabad H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was legally correct in holding that there has been a severance of status of the ancestral HUF property as on 14th March, 1973, and in view of that the share of the deceased that passed on his death on 23rd March, 1973, works out to one-third of the properties ?

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High Court Of Allahabad Controller Of Estate Duty vs. Rakesh Kumar Gupta Section ED 9 K. C. Agrawal, Actg., C.J.

Sec. 35B

Kerala H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the commission paid by the assessee was expenditure incurred for obtaining information regarding markets outside India for the products of the assessee and that, consequently, the assessee is entitled to weighted deduction of the amount under s. 35B of the IT Act, 1961 ?

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High Court Of Kerala CIT vs. Grand Cashew Corporation Section 35B Asst. Year 1977-78 K.S. Paripoornan & K.A. Nayar, JJ.

Sec. 5(1)(xxxi), Sec. 5(1)(xxxii), Wealth Tax Act

Rajasthan H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that M/s Vimal Gems and M/s Jus Gems are industrial undertakings within the meaning of the Explanation to s. 5(1)(xxxi) r/w cl. (xxxii) of the WT Act, 1957, and the assessee being a partner is entitled to exemption under s. 5(1)(xxxii) of the said Act in respect of his interest in the assets of these partnership firms ?

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High Court Of Rajasthan Commissioner Of Wealth Tax vs. Vimal Chand Daga (HUF) Section WT 5(1)(xxxii), WT 5(1)(xxxi) Expln. Asst.

Gift Tax Act, Sec. 4, Sec. 4(1)(a)

Andhra Pradesh H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the provisions of s. 4(1)(a) of the GT Act were not attracted in respect of sales made by the assessee to Smt. Dhanamma, his wife, Sri C. S. Krishna Murthy and Sri C. Subbarao, minor sons, on September 16, 1969, of an aggregate area of ac. 4-171/1 cents, for an aggregate consideration of Rs. 14,500 ?

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High Court Of Andhra Pradesh CIT vs. C. C. Subbarayudu Section GT 4(1)(a) Asst. Year 1970-71 G. Ramanujulu Naidu, &

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