Madras High Court

Income Tax Case Laws

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the exemption provided in s. 33(1)(n) of the ED Act, 1953, should be allowed in respect of the dwelling house of the HUF from the value of the joint family properties before determining the share of the deceased and also that of the lineal descendants, the former for assessment and the latter for aggregation ?

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High Court Of Madras Controller Of Estate Duty vs. Estate Of Late S.B. Rajarathnam Chettiar Section ED 33(1)(n) Ramanujam &

Section 104

Madras H.C : Whether the profit of Rs. 3,73,870 obtained by the assessee during the relevant previous year by the sale of chemicals imported by it on the strength of licences issued to it, based on its export performance of leather, both manufactured and purchased by it, was rightly held as not attributable to the manufacturing activity carried on by it ?

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High Court Of Madras India Leather Corporation vs. CIT Section 104(4)(a) P. Govindan Nair, C.J. & V. Ramaswami, J. Tax

Income Tax Case Laws

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the profit of Rs. 6,63,658 obtained by the assessee during the relevant previous year by the sale of chemicals imported by it on the strength of the licence issued to it based on its earlier export performance of leather goods processed by it was not attributable to the manufacturing activity carried on by it and, hence, the assessee could not be considered as an ‘industrial company’ as defined in s. 2(6)(d) of the Finance Act 1968 ?

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High Court Of Madras India Leather Corporation (P) Ltd. vs. CIT Section 1968FA 2(6)(d) Asst. Year 1968-69 P. Govindan Nair,

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