Madras High Court India — Judgments of 1998
47 reported judgments of the Madras High Court India from 1998.
- COMMISSIONER OF INCOME-TAX/COMMISSIONER OF WEALTH TAX/COMMISSIONER OF GIFT TAX v. S.M.M. MUTHAPPA CHETTIAR 1998 PTD 328
The interest on the amount of HUF capital loan for minor daughters, the interest on such deposits as a deposit in the HUF business, was smaller than the business income of the HUF Indian Income Tax Ac…
- M. RAMASWAMY v. COMMISSIONER OF WEALTH TAX 1998 PTD 347
Small growing crops Coffee tea entitled to two leaves and tea bushes and coffee bean is not entitled to whole coffee and tea bushes are exempt from the Indian Wealth Tax Act, 1957 Section 5 (1) (viii …
- M. RANGASWAMY v. COMMISSIONER OF WEALTH TAX 1998 PTD 421
Agricultural Partnerships by Land Partner Partnerships Agricultural Land: Section 5 (1) (iv) (a) of the Indian Wealth Tax Act, 1957…
- COMMISSIONER OF INCOME-TAX v. N.B. TENDOLKAR 1998 PTD 519
Income for Salary for Salary 1 4 Receiving unpaid leave cash after retirement before 1978 is estimated as a return on salary for the Indian Income Tax Act, 1961, Sections 17 and 89.…
- COMMISSIONER OF INCOME-TAX v. VEND SURESH SANJAY TRUST 1998 PTD 630
Representative Assessment Individuals with special deductions on income from securities and profits, which means an individual of the trustee of an arbitral trust is entitled to a special deduction un…
- COMMISSIONER OF INCOME-TAX v. CARBURETTORS LTD. 1998 PTD 708
General Principles of Expenditure on Capital or Income - Purchase of Drawings from a Foreign Company for the manufacture of specialty goods for a particular period has no lasting benefit. 37…
- T. STANES & CO. LTD. v. COMMISSIONER OF INCOME-TAX 1998 PTD 752
Business Expenses Compensation to Employees Paying to Retired Employees Indian Income Tax Act, 1961, Section 37…
- COMMISSIONER OF INCOME-TAX v. M. CT. M. CORPORATION (PRIVATE) LTD. 1998 PTD 968
In the capital, a combination of profit companies was combined with the company's shares and debentures in which it was deposited. The shares and debentures were allotted to the company. Under section…
- COMMISSIONER OF INCOME-TAX v. BAKHEAR AHMED & CO. 1998 PTD 987
Earnings from Unknown Sources Borrowed or repaid at HandyScope of Section 69D, the amount paid by the Account Recipient Demand Draft is included with the exception described in Section 69D, as such In…
- COMMISSIONER OF INCOME-TAX v. CHANDER BHAN RAJ KUMAR 1998 PTD 998
Approval of business expenses…
- COMMISSIONER OF INCOME-TAX v. SETH PURSHOTHAMDAS DWARKADAS 1998 PTD 1044
Hiding Germany to impose fines Applicable fines to be imposed are referred to the IAC, to the IAC, which amended section 274 (2) before 1976, from 1-4 1976 to the IAC. The jurisdiction to impose, in M…
- COMMISSIONER OF INCOME-TAX v. SRI RANGANATHAR & CO. 1998 PTD 1313
Assessment of investment allowance engaged in the execution of civil contract work does not involve any preparation or processing of the contract work.…
- AGROCARGO TRANSPORT LTD. v. COMMISSIONER OF INCOME-TAX 1998 PTD 1325
Business expenses must be specified in subsection (2) of section 35D subject to deduction under Section 35D of the Payment of Initial Expenses. Taxes Act, 1961, Section 35D…
- COMMISSIONER OF INCOME-TAX v. R. RANGASWAMY NAIDU 1998 PTD 1358
Transfer of immovable property firm's partner transfer through capital acquisition…
- BRAKES INDIA LTD. v. COMMISSIONER OF INCOME-TAX 1998 PTD 1424
Special deduction costs incurred in connection with the proceedings before the Income Tax Authorities or the Appellate Authority for the deduction of such expenses and the return fees for preparation …
- COMMISSIONER OF INCOME-TAX v. SARA ENTERPRISES 1998 PTD 1437
Revised Penal Code In order to impose penalties, the initial order of fines under the amended section 275 does not apply to the penalty order under the directives of the higher authority, which will r…
- A. SIVASAILAM v. COMMISSIONER OF WEALTH TAX 1998 PTD 1466
Asset Value Real Estate Equity Shares Holding Company treats as a person responsible for estate duty purposes It cannot be mentioned in the company's balance sheet in calculating the break-even value …
- V. M. RAO. v. COMMISSIONER OF WEALTH TAX 1998 PTD 1494
Net Wealth Waiver Deposits made under the Compulsory Submission Scheme, 1974 The Net Wealth Indian Wealth Tax Act, 1957, Section 5 (1) (xxvi) of the Indian Compulsory Deposit Scheme (Income Tax Payers…
- COMMISSIONER OF WEALTH TAX v. M.A. JAN 1998 PTD 1530
Asset net transfer of assets Settlers executing trust for the benefit of their underage children and settling property are considered beneficial only to minors when no beneficial interest is paid to t…
- COMMISSIONER OF INCOME-TAX v. RAMANATHAPURAM DISTRICT CENTRAL COOPERATIVE BANK LTD. 1998 PTD 1579
Special deduction Co-operative Society Co-operative bank companies profit on dividends of up to Rs 20,000 on deduction in respect of interest on the Indian Income Tax Act, 1961, section 80P (2) (a) (i…
- COMMISSIONER OF INCOME-TAX v. SMT. N. MUTHAMMAL 1998 PTD 1589
Asset Transfer Transfer of Assets by Assessment to the Trust for the Deferred Benefit of Minors, which applies to the trust's income for the benefit of minors in the relevant assessment years, was not…
- COMMISSIONER OF INCOME-TAX v. MADURAI DISTRICT CENTRAL COOPERATIVE BANK LTD. 1998 PTD 1624
The Cooperative Society receives special deduction on the securities subsidies received by the Government from the Indian Income Tax Act, 1961, Section 80P.…
- LUCAS T.V.S. LTD. v. COMMISSIONER OF INCOME-TAX 1998 PTD 1657
Export Inspection Agency Weight Loss Export Inspection Agency Fees Eligible for Export Credit Guarantee Commission Weight Deduction Export Credit Guarantee Commission for Insurance Against Cost Overse…
- ENGLISH ELECTRIC CO. OF INDIA LTD. v. COMMISSIONER OF INCOME-TAX 1998 PTD 1665
Capital expenditures are paid to the Registrar and the solicitor in connection with the issuance of company shares and securities fee share registrations.…
- COMMISSIONER OF INCOME-TAX v. O.K. ARUMUGHAM CHETTIAR 1998 PTD 1787
Individuals Assessment Association The person who earns 2 rupees to buy a lottery ticket in two days receives 50 pesos to buy food from another person, which is contributed by 25% of the prize money. …
- V. M. RAO (INDIVIDUAL) v. COMMISSIONER OF WEALTH TAX 1998 PTD 1974
Asset Mandatory Deposit Scheme The amount standing for the credit of an Assisi in the Mandatory Deposit Account is an asset that includes the Net Wealth Indian Wealth Tax Act, 1957, Section 2 (e) Mand…
- COMMISSIONER OF INCOME-TAX v. VRM. SM. KARUPPAN CHETTIAR 1998 PTD 1997
Net Wealth Net Weighing Partners shall be entitled to a waiver to the extent of the share of the firm's net wealth in respect of all items under section 5 (1) of the firm exemption and this is confirm…
- COMMISSIONER OF INCOME-TAX v. TMT. V. SARASWATHI 1998 PTD 2132
Exemption in Industrial Distribution Scheme in Electricity Distribution does not mean Electricity Gas No Electricity Gas Distributor Partners are not entitled to exemption under Section 5 (1) (xxxii) …
- COMMISSIONER OF WEALTH TAX v. P. NAINAKHAN 1998 PTD 2196
Delaying penalties for filing a Wealth tax return is not for the Department to establish a disproportionate conduct of the Assisi to prove a valid reason for the delay in reviewing it, and for reasona…
- COMMISSIONER OF INCOME-TAX v. J.V. APPADURAI CHETTIAR CO. 1998 PTD 2213
Income Tax Act, 1961, Section 271 (l) (c), Income Tax Act, 1915, Germany cannot be imposed; Income Tax Act, 1961, cannot be imposed.…
- COMMISSIONER OF INCOME-TAX v. S. VARADARAJAN 1998 PTD 2254
Income received by the director or person who is highly interested in the company buses are transferred by the transport company to its director and a person who was interested in the company at a muc…
- M. NEELAKANTAN v. TAX RECOVERY OFFICER 1998 PTD 2321
Tax Receipt Property Sales Request for separation of sale must be submitted on the condition that the defaulter's deposit should be considered before considering the request to fix the sale during the…
- COMMISSIONER OF INCOME-TAX v. K.P. MADAN MOHAN 1998 PTD 2328
Deductions from other sources Resources Overcome from other sources such as the Tribunal deduction based on estimates of the Indian Income Tax Act, 1961, Sections 57 and 57.…
- COMMISSIONER OF INCOME-TAX v. LAKSHMI INDUSTRIES (P.) LTD. 1998 PTD 2359
The state of the industrial company tax privileges should be engaged in the manufacture or processing of Assisi equipment that leases its business to the manufacturing unit of Assisi. Assisi was not a…
- COMMISSIONER OF INCOME-TAX v. INDIAN OVERSEAS BANK LTD. 1998 PTD 2397
Capital Gain Capital Calculations…
- COMMISSIONER OF INCOME-TAX v. M. S. VENKATESWARAN 1998 PTD 2465
The deduction of interest on the loan capital must be used for the purposes of the loan capital business. The asset is continued through his father's proprietary business. This section establishes the…
- SMT. RUGMANI VARMA v. COMMISSIONER OF INCOME-TAX 1998 PTD 2794
The cost of acquiring capital from the acquisition of section 55 will be subject to the clause that the acquisition will be paid to his sisters by Rs 30,000, thereby determining the cost of acquisitio…
- HENRY ISIDORE v. COMMISSIONER OF INCOME-TAX 1998 PTD 2950
Submitting a revised review of the reviewer's review of the return income of Germany will not produce a fresh print on the revised return. References should be fined.…
- COMMISSIONER OF INCOME-TAX v. SHANKAR COTTONS 1998 PTD 3043
Benefits of Strong Enrollment Contribution Benefits of Contribution Only a minor can be admitted to the Benefits of Internal Contribution, which is deaf and dumb. Section 30 of the Act 1932…
- FENNER (INDIA) LTD v. COMMISSIONER OF INCOME-TAX 1998 PTD 3238
Business expense Interest on tax (s) taxed under interest 220 (2) and the imposition of expenditure on business or occupation are also not deficient in the Indian Income Tax Act, 1961, 40,37 and 220.…
- 1998 PTD 3272 1998 PTD 3272
Firm Registration Renewal Registration Registration Sample Signature Form No. 12 is not signed by all the partners by a single partner and has not been confirmed wrong by the ITO despite the notice. R…
- VIJAYA PRODUCTION (P.) LTD. v. COMMISSIONER OF INCOME-TAX 1998 PTD 3350
Business expense estimates on its own and as a joint venture, and is entered into as a joint venture with its business income as shown.…
- COMMISSIONER OF INCOME-TAX v. SUNDARAM FASTENERS LTD. 1998 PTD 3355
The deduction of expenses on scientific research used in the business of the business is investigated by the Scientific Research Cell, which is entitled to deduct the cost of writing the machinery as …
- COMMISSIONER OF INCOME-TAX v. ADAM KHAN 1998 PTD 3404
Investigations into concealment of income penalties show that the realtor, who found the real estate loan, agreed to the income, in addition to the income that the penalty had not been imposed. Fine I…
- COMMISSIONER OF INCOME-TAX v. SIVANANDA COLOUR WORKS 1998 PTD 3431
Example of Investment Allowance Examples of the user of the machinery for his own business purposes Assessment machinery which is not doing business on the lease of machinery purchased for business pu…
- COMMISSIONER OF INCOME-TAX v. SUNDARAM CLAYTON LTD. 1998 PTD 3455
Denial of business expenses Indian Income Tax Act, 1961, Section 37 (2A)…
- INCOME-TAX OFFICER v. DINESH K. SHAH AND OTHERS CRIMINAL R.C. NOS.415 TO 417 OF 1987 1998 PTD 3791
Failure to pay tax deducted by the taxpayer partner Revenue Revenue Person in the tax deduction through crime and litigation against which the litigation can be made, the partner who was in charge of …
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