Madras High Court India — Judgments of 2001
186 reported judgments of the Madras High Court India from 2001 — page 1 of 2.
- COMMISSIONER OF INCOME-TAX v. SAROJA RAMAN 2001 PTD 38
The maximum nominal rate of representative diagnostic trustee tax conditions, such as the disproportionate discretion regarding the timing and extent of income tax returns to beneficiaries or benefici…
- SREE PALANIAPPA TRANSPORTS v. COMMISSIONER OF INCOME-TAX 2001 PTD 77
Appellate Tribunal Decides to Correct Tribunal Powers Debate Debate No jurisdiction of the High Court jurisdiction over these matters After the Tribunal's decision on such matters, the decision of the…
- COMMISSIONER OF INCOME-TAX v. S. VIJI 2001 PTD 89
Full standard deduction cannot be claimed on a standard deduction for salary provided by the employer for public and personal use. Income Tax Act, 1961, Section 16 (i)…
- K. SOMASUNDARAM & BROTHERS v. COMMISSIONER OF INCOME-TAX 2001 PTD 101
Business Expenditure Requirements for deduction of interest on the borrower capital The capital must be used in the business upon receipt of the contract, interest free interest payments to the relati…
- COMMISSIONER OF INCOME-TAX v. AMALGAMATJOIXS LTD. 2001 PTD 108
Revised House Property Annual Price Property Rental Property The annual value set by the estimation officer based on the original rent in relation to one property and the higher rent in relation to th…
- V. RAMANUJAM v. COMMISSIONER OF INCOME-TAX 2001 PTD 113
Return Advance Tax Interest Waiver Application for waiver of interest application must be allowed to reject the case without providing such opportunity Remanded Indian Income Tax Act, 1961, Sections 1…
- RAJAH SIR M. A. MUTHIAH CHETTIAR v. COMMISSIONER OF INCOME-TAX 2001 PTD 121
The correction of errors should not be contrary to the basic provisions of the Indian Income Tax Act, 1961, Section 254 (2) of the Appellate Tribunal, arbitration power.…
- COMMISSIONER OF INCOME-TAX v. MADURA DEVAKOTTAI TRANSPORTS, (P.) LTD. 2001 PTD 129
Hundi's loans were not affected by the holding of the Account Recipient's Check Tribunal, which was not a Hundi, though the Hundi papers were written on the codified Indian Income Tax Act, 1961, Secti…
- CHERAN ENGINEERING CORPORATION LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 222
Revision Diagnosis Limit Extended deadline for diagnosis Under the direction of the IAC, the evaluation order has been extended to 180 days. Banning Indian Income Tax Act, 1961, Sections 144B, 153 and…
- COMMISSIONER OF INCOME-TAX v. ENGINE VALVES LTD. 2001 PTD 229
Interest Advance Tax Interest that is payable by the Government Assessment for fiscal year 1978 and payment of advance tax 79 Reviewers ask permission and change the accounting year from 1 30 1978 to …
- K. PACKIRISAMY NADAR v. COMMISSIONER OF INCOME-TAX 2001 PTD 295
Assessment of receipt from lottery by illegal exchange Estimates of income from other sources Reference questions were not born for consideration in section 256 (2) of the Indian Income Tax Act, 1961…
- COMMISSIONER OF INCOME-TAX v. TRACTORS AND FARM EQUIPMENT LIMITED 2001 PTD 298
Business Expenditure Estimates Engaged in Farm Equipment Manufacturing 200 Acres Demonstration Farm Maintenance to Train Salesmen and Dealers…
- METAL POWDER CO. LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 322
The business expenses are also subject to the ceiling limit given under sub-clause (i) of section 40 (c) of the Income-tax Act, Indian Income-tax Act, 1961, section 40 (c), which is paid to the direct…
- COMMISSIONER OF INCOME-TAX v. GNANATNMBIGAI MILLS 2001 PTD 340
Insurance premiums paid to the LIC under the Business Expenses Group Incentive Scheme are not deducted under section 37 of the Indian Income Tax Act, 1961 Income Tax Act, 1961, section 37 and 40A (7).…
- K. S. VEERANNAH CHETTIAR v. COMMISSIONER OF INCOME-TAX 2001 PTD 344
Assessment Limitations Draft Assessment Order Individuals' participation in the Company's revenue share due to changes in revenue between the periods during which the Draft Order Assessment and the da…
- COMMISSIONER OF INCOME-TAX v. S. MARIAPPAN 2001 PTD 347
Examples of Firm Registration Examples The required partnership of a valid partnership must be followed by a partnership established for the purpose of buying lottery tickets and distributing monetary…
- MOFUSSIL WAREHOUSE AND TRADING CO. LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 371
The condition of the revision is erroneous and prejudicial to allow payment to a company paying for the use of the services of its employees, irrespective of the application of section 40A (2) the rev…
- COMMISSIONER OF INCOME-TAX v. KARUR VYSYA BANK LTD. 2001 PTD 392
In respect of business expenses advertising, advertising and sales promotion, if it is more than Rs 40,000, determine the total reserves for the calculation of the Banking Business Assessment or the I…
- AROORAN SUGARS LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 396
Agricultural Income Business and Agriculture Consolidated Income Income Tax Exemption Decision Sugar Manufacturer Roll 7 (2) (a) Applicable Consumer Price Used by Assisi in their own fields and used f…
- COMMISSIONER OF INCOME-TAX v. HINDUSTAN TELEPRINTERS LTD. 2001 PTD 445
Indian Income Tax Act 1961 Re-appraisal of Information Company Servtex Capital Audit Party Accounting, which assumes failure to implement R4, does not constitute an opinion on the maintenance of law b…
- COMMISSIONER OF INCOME-TAX v. MADURA COATS LTD. 2001 PTD 457
Business Expenses The Company does not apply for rules for the purposes of Sections 40 (c) and 40A (5) for the purposes of Sections 40 (c) and 40A (5). Indian Income Tax Act, 1961, Sections 40 (c) and…
- COMMISSIONER OF INCOME-TAX v. SIMPSON & CO. LTD. 2001 PTD 480
Capital, or Revenue Expenses Technical Know-how Expenditure Paid Under the Mutual Contract Agreement to Acquire Technical Principles Know How Automobile Engagement is Related to Technical Knowing How …
- COMMISSIONER OF INCOME-TAX v. D. ENGINEERING (PVT.) LTD. 2001 PTD 487
Advance Tax Estimates The Indian Income Tax Act, 1961, Sections 212 (3A) and 217 (1A) cannot be imposed on failure to pay advance tax.…
- COMMISSIONER OF INCOME-TAX v. THANTHI TRUST 2001 PTD 491
Charitable Purpose Charitable Trust Exemption Credit Entries The right to exempt the Trust from the Indian Income Tax Act, 1961, by applying for the withdrawal of income by the educational institution…
- COMMISSIONER OF INCOME-TAX v. SRI RAMALINGA CHOODAMBIGAI MILLS LTD. 2001 PTD 495
As the damages paid for cancellation of business expense cotton purchase agreements, Assismee has decided that it is contracting to generate a higher count yarn and does not deduct speculative transac…
- LUCAS TVS. LTD. v. COMMISSIONER OF INCOME-TAX. 2001 PTD 502
Business Expenses Sailing Expenses The Company Director who is also an employee and a foreign technician who cannot be exempt under Section 10 (6) (viia) of the exemption under section 10 (6) (viia). …
- A & M AGENCIES v. COMMISSIONER OF INCOME-TAX 2001 PTD 505
Tax deduction at the expense of tax collection The tax recovery proceedings were unlawfully required to be deducted because the Indian Income Tax Act, 1961, Sections 194A, 201 and 231 were banned from…
- TAMILNADU DAIRY DEVELOPMENT CORPORATION v. COMMISSIONER OF INCOME-TAX 2001 PTD 508
Owner of depreciation means the person who receives the proceeds from the asset on his own, has the right to file depreciation due to failure to produce registered sale deed in the event that he does …
- COMMISSIONER OF INCOME-TAX v. LUCAS INDIAN SERVICE LTD. 2001 PTD 514
Business Costs Employee General Principles Principle The resolution passed to the director's widow while the director was working for the Assisi company when he was allowing the director to pay his pe…
- COMMISSIONER OF INCOME-TAX v. RAMAKRISHNA SONS LTD. 2001 PTD 520
Correction of errors Extra tax on company unearned profit is not required to be amended under section 155 (7) of the order sanctioned under section 104 IAC approval of Indian Income Tax Act 1961, Sect…
- COMMISSIONER OF INCOME-TAX v. PREMIER MILLS LTD. 2001 PTD 530
Reduction in last year's Indian Income Tax Act, 1961, Section 3 and 32 Indian Income Tax Rules, 1962, R5…
- COMMISSIONER OF INCOME-TAX v. M. K. RAJU CONSULTANTS (P.) LTD. 2001 PTD 556
The deduction of such fees from the total gross income for the work of India outside the special deduction income is to be determined only by the act of the recipient of the fee charged from abroad so…
- COMMISSIONER OF INCOME-TAX v. SUDARSAN CHIT (INDIA) LTD. (NO. ) 2001 PTD 566
Business Expenses Terms of Contribution to Approved Gratuity Funds The condition is that employees should be provided with a holding company of five years or more. Is. , 1961, section 36 (1) (v)…
- AUTO FOOD LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 613
Interest Waivers Must be satisfied before the interest rate has begun to expand. Problem Determination is not a challenging diagnostic issue. (2A)…
- CHENNAI MURASU (P.) LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 650
Failure to disclose material facts required for assessment is a failure to give full permission to be valid under Company Section 40A (5), Indian Income Tax Act 1961, Sections 40A and 147…
- THANJAI MURASU (P.) LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 690
Information from reviewing information that went beyond income assessment can be gathered from information related to the years that followed, publishing Essie's publishing paper more often than any o…
- SOUTH INDIA CORPORATION AGENCIES (P.) LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 693
Failure to disclose material facts required for assessment is a failure to give full permission to be valid under Company Section 40A (5), Indian Income Tax Act 1961, Sections 40A and 147…
- COMMISSIONER OF INCOME-TAX v. INDIAN OVERSEAS BANK 2001 PTD 708
Appellate Tribunal powers to appeal Appellate Tribunal has the authority to admit the extra basis of appeal The Tribunal has the authority to remand the case to the ITO Indian Income Tax Act, 1961, se…
- MKS. MOHD. ABOPBACKER SAHEB v. COMMISSIONER OF WEALTH TAX 2001 PTD 831
Distinction between Exemption Award and Prize The award received by the tax informant is not an award.…
- COMMISSIONER OF INCOME-TAX v. M. V ARUNACHALAM 2001 PTD 843
Asset Price Real Estate Equity Shares Deductions Sales Tax Liability Liability Sales Tax Appellate Tribunal Price Following Order After Amendment Date, Order of Indian Wealth Tax Act, 1957, Indian Wea…
- K. T. KURUVILLA v. DISTRICT VALUATION OFFICER 2001 PTD 848
Application for several years of valuation of a reference to a valuation property officer…
- SIMPSON & CO. LTD. v. COMMISSIONER OF WEALTH TAX 2001 PTD 853
The land exempted from the Citizens Land Ceiling Act does not need to be priced on the basis provided under the Urban Landing Act, there is no question regarding the Indian Property Tax Act, 1957, Sec…
- COMMISSIONER OF WEALTH TAX v. S. SIVARATHINA PANDIAN 2001 PTD 855
CVWT Revision Options The record for purposes of the review record means the material available at the time of inspection by the CBWT Wealth Tax Officer, citing the valuation officer completing the as…
- COMMISSIONER OF INCOME-TAX/WEALTH TAX v. RANGNATHAM CHETTY 2001 PTD 857
The surviving trustee of the Representative Diagnostic Trustee has all the rights to the property; the rights modified by the subsidiary trust deed are given to the Assessee to assess the property up …
- COMMISSIONER OF WEALTH TAX v. B. D. GOENKA 2001 PTD 906
Income earned by the firm from the exploitation of the net wealth review customs clearance certificate, due to the exploitation of the customs clearance certificate, to the firm's partners in the purc…
- COMMISSIONER OF WEALTH TAX v. KIKABI\'S EDUCATIONAL TRUST 2001 PTD 917
Charitable Purposes Denial of charitable trust waiver exceptions where trust funds are diverted to the interests of persons mentioned in section 13. There is no violation of section 13 (2) (h) by assi…
- COMMISSIONER OF INCOME-TAX v. A. R. BALARAMAN 2001 PTD 931
Exemption Firm Partner Industrial Action Situation Example Purchase of article manufacturing firm Silk Yarn and manufacture of garments which are manufactured by the Assamese firm on their own machine…
- COMMISSIONER OF WEALTH TAX v. K. SITALAKSHMI 2001 PTD 944
A tax miner's charge was created to take advantage of the modest income and be handed over to the minor on the acquisition of a minority majority. The trust did not include his net wealth in the India…
- COMMISSIONER OF WEALTH TAX v. M. SP. L.AR. ARUNACHALAM CHETTIAR 2001 PTD 972
The Indian Wealth Tax Act, 1957, is a waiver of immunity in relation to agricultural land that is held to the extent of section 5 (1) (iva).…
- COMMISSIONER OF WEALTH TAX v. M. K. CHANDRAKANTH 2001 PTD 978
Assets involving net wealth in net wealth TD Minor Child Trust was deemed unacceptable by the High Court for the benefit of the illicit child trust, which included in the trust the net wealth of the I…
- T. VENKATESWARAN v. COMMISSIONER OF INCOME-TAX 2001 PTD 1064
The deduction tax liability is deductible by the Indian Wealth Tax Act, 1957.…
- COMMISSIONER OF WEALTH TAX v. C. SESHACHALAM CHETTY 2001 PTD 1133
Failure to disclose material facts necessary for assessment that escaped the scrutiny of wealth Audit object Land disclosure of farm tax in wealth tax in 1915 65 Income from land assessed as agricultu…
- COMMISSIONER OF INCOME-TAX v. M. CHELLAMUTHU PILLAI 2001 PTD 1213
No HUF member has a wealth of more than Rs. 1,00,000 to claim a lower tax rate. 17 (1) (a) is permissible to open…
- COMMISSIONER OF WEALTH TAX v. P.M. HOOP 2001 PTD 1228
Residential home price law was applied to Schedule III to Wealth Tax Act 1, 1989, in which all pending proceedings apply to the Wealth Tax Act, 1957, Section 7 and Schedule III Indian Wealth Tax Rules…
- COMMISSIONER OF WEALTH TAX v. J. ABDUL KHADER SAIT 2001 PTD 1230
Asset value The value of the land with buildings or the method of renting or renting the property, the cost is reasonable. The value of the Indian Wealth Tax Act, 1957 cannot be increased by changing …
- COMMISSIONER OF WEALTH TAX v. D. KRISHNA MURTHY 2001 PTD 1233
Asset Price HUF Affiliated Land In the individual capacity of the HUF card belonging to the land, the building may be used as a residential home by HUF Section 7 (4) Applicable Land for Assessment Pur…
- COMMISSIONER OF WEALTH TAX v. HALAI MENON ASSOCIATION 2001 PTD 1328
Individuals' Association of Tax Individuals is not individually liable for Wealth Tax such as Section 3 Indian Wealth Tax Act, 1957, Section 3.…
- COMMISSIONER OF WEALTH TAX v. A. BADRA CHETTY & SONS 2001 PTD 1351
Failure to file returns on penalties 1957, Section 18 (1) (a)…
- COMMISSIONER OF INCOME-TAX v. M. P. NARAYANAN 2001 PTD 1356
Proof of Covering Penalties No evidence of hiding the firm's income on the inclusion of a cash credit in its earnings will not be the amount of admission to cover the application for a penalty waiver …
- COMMISSIONER OF WEALTH TAX v. A. M. MEYYAMMAL 2001 PTD 1374
Remedial status is generally not declared as resident Residence 50% of the applicable tax deduction on the exceptional resident The discount applicable to the unemployed resident at the original asses…
- COMMISSIONER OF WEALTH TAX v. MUTHU ZULAIKHA 2001 PTD 1592
Exemption is exclusively used for housing Specially used expression means must be described in a practical way The house should not be rented or used for commercial purposes The owner's intention is n…
- COMMISSIONER OF WEALTH TAX v. S.S. SANKARALINGAM 2001 PTD 1599
The right of the beneficiary to the benefit of exemption from the modest right of exception to the representative shall be equal to the trustees of the Indian Wealth Tax Act, 1957, section 5 (1) (XXI)…
- COMMISSIONER OF WEALTH TAX v. SITA VENKATARAMANI 2001 PTD 1608
Deduction of net wealth The partial distribution of assets and liabilities of deceased property, finding that the property had raised the debt to liquidate, was part of the legal inheritance obligatio…
- COMMISSIONER OF WEALTH TAX v. AMIRTHAMMAL 2001 PTD 1614
Transfer of Assets Reviewed 11 11 1959, implemented by the Assisi, created a life interest in relation to some agricultural land. The interest in the wife's favor and the residual review are considere…
- COMMISSIONER OF WEALTH TAX v. SRIPRIYA MAHESH 2001 PTD 1624
The Company's share price will be deducted by the High Court for the purpose of determining the Company's Indian Wealth Tax Rules, 1957, for the purpose of determining the value of RLD's share break.…
- CARBORANDUM UNIVERSAL LTD. v. COMMISSIONER OF INCOME-TAX\' 2001 PTD 1661
Business Expenses 26 8 Implementation of the Gratitude Fund Trust implemented in 1970 2 Amendment of the Trust Deed in 1975 26 Commissioner's approval of the Fund since 1970 = Modification of the Trus…
- COMMISSIONER OF INCOME-TAX v. ORIENT PHARMA (P.) LTD. 2001 PTD 1672
Denial of business expenses (b) (ii)…
- COMMISSIONER OF INCOME-TAX v. CARBORANDUM UNIVERSAL LTD. 2001 PTD 1685
The effect of introducing section 37 (5) of the Indian Income Tax Act 1961 business expenditure guesthouse law under the Finance Act 1983, with the former effect from 1 4 1979, with subsection (5) 1 4…
- COMMISSIONER OF INCOME-TAX v. INDIA CEMENTS LTD. 2001 PTD 1698
Indian Income Tax Act 1961 Troubleshooting The amount paid by a company to a managing agent under the Companies Act, which is deducted by the ITO for the year 1967, thereafter Under the ITO Passing Or…
- COMMISSIONER OF INCOME-TAX v. LAKSHMI MACHINE WORKS LTD. 2001 PTD 1712
Business Expense Accounting Bonus Mercantile System In addition to the amount paid as accounting bonus, the amount paid in the accounts in pursuance of settlement with workers is deducted from the Ind…
- SAKINABAI IBRAHIM & SONS v. COMMISSIONER OF INCOME-TAX 2001 PTD 1717
The body of the people, the Muslim law, the death of a partner, who was a Muslim widow, was recognized as a partner, then, when the victim's children got majority, the agreement was put into place. Th…
- COMMISSIONER OF INCOME-TAX v. SUNDARAM CLAYTON LTD. 2001 PTD 1722
Powers of the Commissioner of Income Tax (Appeals) under Section 251 Appealing to the CIT (Appeals) The directive can allow the officer examining the CIT to appeal to the Indian Income Tax Act, 1961, …
- COMMISSIONER OF INCOME-TAX v. MADURAI SOFT DRINKS (P.) LTD 2001 PTD 1734
Reference Income Assessment, Soft Drink Maker, Receiving Bottles for Return of Bottles No intention to sell bottles or buy bottles back with reserves Such reserves do not have Essential Income which i…
- COMMISSIONER OF INCOME-TAX v. PULLICAR MILLS LTD. 2001 PTD 1739
Business Expense Grantee Increase Amount Due To Increasing Deduction of AO Tribunal No material on record can be deducted in money to justify such an increase The Indian Income Tax Act, 1961…
- COMMISSIONER OF INCOME-TAX v. BEST SUPPLY AGENCY1 2001 PTD 1741
Referring to a Revenue Revenue Penalty Tribunal to find out that there were errors and that when the error was detected, the complainant was satisfied that the revenue increase was acceptable. There i…
- COMMISSIONER OF INCOME-TAX v. 21ST SOCIETY OF IMMACULATE CONCEPTION 2001 PTD 1744
Charitable trusts exempt nuns paying all their earnings to society by receiving salary as a teacher at school Society costs for nail celery care Their rehabilitation costs were donated to society nuns…
- COMMISSIONER OF INCOME-TAX v. N. GOPALSAMY 2001 PTD 1747
Salary standard deduction Two income deductions from two owners during the accounting year do not qualify for two standard deductions,…
- K.T.M.S. MAHMOOD v. INCOME-TAX OFFICER (SIXTH) 2001 PTD 1750
Refund of Indian Income Tax Act 1961 as a result of Tribunal Tribunal order reversed by High Court Tribunal order…
- COMMISSIONER OF INCOME-TAX v. KAMADHENU 2001 PTD 1759
Firm denied business expenses…
- COMMISSIONER OF INCOME-TAX v. FRANCO TOSI INGEGNERIA 2001 PTD 1782
Indian Income Tax Act 1961 Launching Business Expenses Diagnostic Business, a Non-Professional Company Saving Letter of Intent for a Project in India 13 4 1981 Then, setting up a site office on 1 10 1…
- COMMISSIONER OF INCOME-TAX v. FIRST LEASING CO. OF INDIA LTD. 2001 PTD 1784
Review Information that Revenues from Evaluation Assessment Reopening Assessment Based on Audit Report Remaining Assessment Based on Audit Report Checking Audit Confirmation Information Valid Indian I…
- COMMISSIONER OF WEALTH TAX v. K. VIJAYAKUMAR 2001 PTD 1877
Extra-wealth tax exemption Land and building used for business means agricultural activity means business-related agricultural activity assets operating in agriculture and ginning factories, with the …
- COMMISSIONER OF WEALTH TAX v. M. C. SATYAVATHI 2001 PTD 1885
Inclusion of net income in total income, which is considered in the contribution made by the trust created by her husband, is a gift from the High Court which is estimated to be from interest paid by …
- T. RAGHURAMAN v. COMMISSIONER OF WEALTH TAX 2001 PTD 1891
Exempt crops are exempted under section 5 (1) (viiia) of section 5 (section 5) of the Indian Wealth Tax Act, 1957, in addition to the leaves of coffee and tea bushes and two leaves and tea bushes and …
- COMMISSIONER OF INCOME-TAX/WEALTH TAX v. BABULAI KHINCHAND TRUST 2001 PTD 1893
The Waiver Charity Trust Trust may provide that there are no spouses or children remaining, the property should be applied by the trust to the trustee whose decision specifically applies to property f…
- COMMISSIONER OF WEALTH TAX v. N. KAMATCHI AMMAL 2001 PTD 1895
The exempted partnership assets of the firm partner are entitled to a waiver in relation to their share in the Indian Indian Taxes Act, 1957, Section 5 (LA).…
- COMMISSIONER OF WEALTH TAX v. ATTUR THULUVA VELLALAR SANGAM 2001 PTD 1898
Exempt charitable trust trusts are not required to engage fully and exclusively in charitable activity if the primary purpose of the trust is the main purpose of the charitable trust, and its primary …
- COMMISSIONER OF WEALTH TAX v. A. M. M. A. R., LAKSHMI ACHI 2001 PTD 1909
The value of the unclassified equity shares is not shown as an obligation on the balance sheet sales tax penalty balance sheet; 1957, cannot be deducted under R1D.…
- THIRUMAGAL MILLS LTD. v. COMMISSIONER OF WEALTH TAX 2001 PTD 1928
Reference Company Assets Motor cars and trucks used for business purposes It is true to the Tribunal that there was no question of law concerning motor cars involved in net wealth, Finance Act 1983, S…
- COMMISSIONER OF WEALTH TAX v. R. ARIFF 2001 PTD 1932
References to Firm Commercial Property Ownership The Fame Partner Building is also considered a house for the purpose of section 5 (1) (IV), in which the Tribunal is correct in holding that the partne…
- BHAGWANDAS JAIN v. DEPUTY COMMISSIONER OF WEALTH TAX 2001 PTD 1934
Evaluation Year Evaluation Notice for Final Acquisition Evaluation Year 1979 1979 to 1981 82 was not sought during the Evaluation Notice issued in 1988 but after the Evaluation Report on the date of E…
- COMMISSIONER OF INCOME-TAX v. METTUR CHEMICALS AND INDUSTRIAL CORPORATION LTD. 2001 PTD 2031
Payment of the maximum allowable amount of payment under the Bonus Act paid by the Government as a bonus approved by the Government for payment of the Business Expense Bonus Act, the entire payment wa…
- R. THIAGARAJAN V .COMMISSIONER OF INCOME-TAX v. COMMISSIONER OF INCOME-TAX 2001 PTD 2061
Income from anonymous sources will apply at the time of Section AA Section A of A when the owner of the diagnostic money will sign my application for draft, no inquiry from the ITO regarding the owner…
- SUNDARAM INDUSTRIES LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 2121
Indian Income Tax Act 1961 Business Expenses The use of assets at company sailing expenses is used for the personal purposes of the director, the evidence that the assets were not used for the persona…
- SUNDARAM CLAYTON LTD v. COMMISSIONER OF INCOME-TAX 2001 PTD 2139
Non-payment of business expenses such as medical expenses and cash payments to the Managing Director for payment of house rent allowance not permitted under section 40 (c) (ii) Indian Income Tax Act, …
- COMMISSIONER OF INCOME-TAX v. CHENNAI PROPERTIES AND INVESTMENT LTD. 2001 PTD 2156
The business expense is paid under the Investment Interest Section 2011 (1A) due to the failure to deduct tax on interest and remit it to the Central Government as it is Income Tax Act 19, Sections 37…
- COMMISSIONER OF INCOME-TAX v. SESHASAYEE BROS. (P.) LTD. 2001 PTD 2169
The revenue collection is provided for compensation at a fixed percentage of the managing agency's contract time and the minimum payment payable is an additional charge if the payable audit balance sh…
- COMMISSIONER OF INCOME-TAX v. JAYALAKSHMI MILLS (P.) LTD. 2001 PTD 2185
The terms of the business expenditure contribution set out in section 40A (7) must be met so that the remittance of the lesser amount cannot be legally claimed to be less profitable than any deduction…
- COMMISSIONER OF INCOME-TAX v. A. C. MAHESH 2001 PTD 2189
The acquisition of capital means the transfer of assets by the meaning of section 45. The question is whether the Indian Income Tax Act, 1961, is remanded in the Acquisition Account and Partners' Acco…
- COMMISSIONER OF INCOME-TAX v. MADURAI DISTRICT COOPERATIVE BANK LTD. 2001 PTD 2208
Special deduction interest on cooperative society securities, subsidy by the government, profit and profit from other cooperative institutions and banks Special deduction under section 80p Indian Inco…
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