Cit v shaw wallace

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August undefined, 2024

WebCommissioner Of Income-Tax v. Shaw Wallace & Co. Ltd. Suhas Chandra Sen, J.:— In this case, we are concerned with the assessment year 1964-65, for which the relevant … Webv. Shaw, Wallace And Company (High Court Of Judicature At Bombay) No. 14-03-1932. George Lowndes, J. [1] This is an appeal from a judgment of the High Court at Calcutta delivered on a reference made to it under Section 66 of the Indian Income-tax Act, XI of 1922 The reference arose out of an assessment to income tax upon the respondents for ...

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WebThe definition of "income" in Shaw Wallace & Co.’s case [(1932) 59 I.A. 206] as a "periodical monetary return ’coming in’ with some sort of regularity, or expected regularity, from definite sources " must be read with reference to the particular facts of that case and is not applicable to receipts, of this nature. WebShaw Wallace & Co. Ltd., the assessee, was at the material time the holding company in respect of the following subsidiary companies holding 100% of the shares of the later : (a) Atlas Fertilisers Ltd.; (b) Bengal Distilleries Co. Ltd., and (c) Indo-Agri. Ltd. philip conroy obit

Navinchandra Mafatlal vs The Commissioner Of ... on 1 …

Webreference to the case of CIT, Bengal v Shaw Wallace & Co [(1932) 6 ITC 178]. (10 marks) (b) MT Overland Transport Sdn Bhd (‘the company’) is a locally incorporated company that operates a passenger bus transport business between Kuala Lumpur and Bangkok. The WebIn Maharajkumar Gopal Saran Narain Singh v. CIT I.T. Act, even though the annuity did not constitute or provide a profit or gain to the assessee. After referring to the aforesaid decision of the Privy Council in the case of Shaw Wallace & Co., their Lordship observed as follows (p. 242) : "The word 'income' is not limited by the words 'profits ... WebRESPONDENT: STRAW BOARD MANUFACTURING CO. LTD. DATE OF JUDGMENT28/04/1989 BENCH: PATHAK, R.S. (CJ) BENCH: PATHAK, R.S. (CJ) KANIA, M.H. CITATION: 1989 AIR 1490 1989 SCR (2) 772 1989 SCC Supl. (2) 523 JT 1989 (2) 264 1989 SCALE (1)1151 CITATOR INFO : RF 1992 SC1622 (4) ACT: Income Tax Act, … philip consulting hb

Cit v shaw wallace

Commissioner Of Income-Tax, West Bengal-Iii v. Shaw Wallace …

WebCommissioner Of Income-Tax v. Shaw Wallace And Co. Ltd. Ajit K. Sengupta, J.:— In this reference at the instance of the Revenue, the following question of law has been referred … WebIn CIT, Bengal v Shaw Wallace & Co (1932) the definition of income is as follows: “….income connotes a periodical monetary return coming in with some sort of regularity, …

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WebCIT v. Shaw Wallace Distilleries Ltd. (2024) 278 Taxman 67 (Karn.) (HC) S. 37(1) : Business expenditure-Claim not made in original return-Prior period expenses-Allowable as … WebMar 8, 2006 · Wallace contends that our decision in Newsome v. McCabe, 256 F.3d 747 (7th Cir.2001), allows for a “false confession” claim as a due process violation. In …

WebThe Commissioner Of Income Tax vs Shaw, Wallace And Co. on 14 March, 1932 The Income- Tax Act, 1995 Commissioner Of Income-Tax, ... vs Rai Bahadur Jairam Valji And ... on 7 October, 1958 Raghuvanshi Mills Ltd vs Commissioner Of ... on 3 November, 1952 Citedby 207 docs - [View All] WebOct 1, 2024 · Posts tagged "CIT vs Shaw Wallace and Co." Home Income Tax Taxation of Alimony October 1, 2024 0 Comments Taxation of Alimony The judiciary has held that a lump-sum receipt in the form of Alimony will not be taxable in the hands of the recipient whereas monthly alimony payments will be treated as income in the hands of the ...

WebJUDGMENT Altamas Kabir J. 1. As the appeal involves a question of law, on consent of the parties the appeal itself was taken up for consideration along with the application for stay of operation of the judgment and order dated June 11, 2003, passed by the learned single judge on the writ petition filed by the appellant herein, being W. P. No. 992 of 2003 … http://ctim.org.my/file/education/download/Syllabus/Revenue%20Law.pdf

WebCIT v. Shaw Wallace Distilleries Ltd. (2024) 277 Taxman 145 (Karn.) (HC) S. 36 (1) (vii) : Bad debt-TDS payment-Sales promoters-Order of Tribunal allowing the claim as bad …

WebS. Subramanian v.CIT (2004 )186 CTR 286 /136 Taxman 653 (Mad) Satyabir Singh v. CIT (2001) 248 ITR 785 (P&H) ... ACIT (1999) 239 ITR 337 (Bom.) Shaw Wallace & Co Ltd v. CTO (1996) 100 STC 270 (AP) III. Recovery proceedings after assessment . 1. Who can be declared as “ Assessee in default” Recovery proceedings can be taken only in cases ... philip consulting limitedWebMay 24, 2024 · CIT (A) decided the issue in favour of assessee. Tribunal rejected the contention of assessee as regards computation of capital gains on the basis that 50 per … philip consulting nigeriaWebShaw Wallace & Co. Ltd. Sabyasachi Mukharji, J.:— The assessee is a company. The assessment year involved is 1963-64, and the relevant accounting year ended on December 31, 1962. The assessee-company received a net dividend of Rs. 2,29,948 from certain companies in the United Kingdom and Ceylon. philip consulting recruitmentWebIn CIT, Bengal v Shaw Wallace & Co (1932) the definition of income is as follows: “….income connotes a periodical monetary return coming in with some sort of regularity, … philip consulting nigeria websiteWebShaw Wallace & Co. Ltd. vs Asstt. Cit on 25 February, 2002. ... CIT v. Shaiv Wallace & Co. Ltd. (2001) 248 ITR 81 (Cal), wherein it was held that an assessment under section 143(3) can be made even where the assessee is to be assessed by way of block assessment for the block period. The ground is, accordingly, rejected. philip conwayWebIn CIT v. P. Ali Kunju, M. A. Nazir Cashew Industries [1987] 166 ITR 611, the Kerala High Court referred to the amendment made in Section 36 of the Income-tax Act, 1961, by the … philip consulting training nigeriaWebThe Commissioner Of Income Tax vs Shaw, Wallace And Co. on 14 March, 1932 Wallace Brothers And Co. Ltd. vs The Commissioner Of Income-Tax on 17 February, 1948 Section 6 in The Income- Tax Act, 1995 Citedby 194 docs - [View All] C.W. Spencer vs The Income-Tax Officer on 24 April, 1956 philip contini twitter