Madras High Court India — Judgments of 2001
186 reported judgments of the Madras High Court India from 2001 — page 2 of 2.
- COMMISSIONER OF INCOME-TAX v. HOTEL SAVERA 2001 PTD 2293
Interest paid on the capital loaned to a (private) limited company, which has been mixed with its own funds. Finding that the firm had sufficient funds to cover the advance, which was made up of the c…
- COMMISSIONER OF INCOME-TAX v. KARTHIKEYAN 2001 PTD 2307
The Exemption House Rent Allowance Assisi lives in their own home. Section 10 (13A) is not entitled to exemption under Section 10 of the Indian Income Tax Act, 1961.…
- COMMISSIONER OF INCOME-TAX v. A. G. ABRAHAM 2001 PTD 2323
On the issue of concealing Germany, the expenses of the company's marriage at the time of the Assamese Director's Dogger's marriage are debited as miscellaneous expenses and the impact of the company'…
- COMMISSIONER OF WEALTH TAX v. T. R. JAYARAMAN 2001 PTD 2529
Asset Price Real Estate Equity Shares Price Rule 1D Required Indian Taxation Rules, 1957, R 1D…
- COMMISSIONER OF WEALTH TAX v. R. RAMANATHAN CHETTIAR 2001 PTD 2538
The value of assets is to be deposited in a foreign bank in a foreign bank while the official rate appears in the exchange unless the SCC is able to prove that the official rate is the realistic India…
- COMMISSIONER OF WEALTH TAX v. A. PACKIRISAMY 2001 PTD 2550
The gift of net wealth through book entries is permissible which is not included in the net wealth donated to the Indian Income Tax Act, 1957.…
- COMMISSIONER OF INCOME-TAX v. LUCAS INDIAN SERVICE LTD. 2001 PTD 2649
Maximum expenditure on business expenses Expenses Cash payments for payment of employees' medical expenses as a result of benefit or convenience to employees In the calculation of Section 40A (5) (a) …
- COMMISSIONER OF INCOME-TAX v. M. R. M. PLANTATIONS (P.) LTD, 2001 PTD 2658
The correction of the error should be shown from the record of the error. A check order could be created. Corrective action is based on the Indian Income Tax Act, 1961, Section 154…
- MOUNT STUART TEA ESTATE AND AMAR COFFEE PLANTATION v. COMMISSIONER OF INCOME-TAX 2001 PTD 2717
Capital Gains Interest Property Sales Interest is not assessable at the unpaid sale price because capital gains interest is a revenue receipt and is estimated, such as the Indian Income Tax Act, 1961,…
- COMMISSIONER OF INCOME-TAX v. AMARLAL KRISHANDAS 2001 PTD 2723
The last financial year obtained by winning the race last year is section 3 of the Indian Income Tax Act, 1961.…
- COMMISSIONER OF INCOME-TAX v. K.S. SUNDARAM 2001 PTD 2743
Parasite Rent Free Housing Rule As per the fixed procedure, the fixed price calculation method is required whether the actual rent paid by the employer owned or leased accommodation cannot be taken as…
- COMMISSIONER OF INCOME-TAX v. JAYARAJ TALKIES 2001 PTD 2753
Hiding the increase in revenue or the increase in revenue on the revenue contract does not mean that the funds were unable to prove the claim with the required vouchers for review because the relevant…
- COMMISSIONER OF INCOME-TAX v. SULZER BROTHER LTD. 2001 PTD 2776
Reference Income which is supposed to be accrued or originated in India Finding Fees for Technical Services through the Tribunal that the Fees were entered into under the Payable Agreement in 1976. Th…
- COMMISSIONER OF INCOME-TAX v. HARIDAS BHAGATH & CO. (P.) LTD. 2001 PTD 2788
Capital or tax expenditures Expenses incurred to provide additional facilities in the leasehold premises, no capital asset of a sustainable nature has been brought Income Taxes Indian Income Tax Act, …
- SOUTH INDIA SHIPPING CORPORATION LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 2815
Interested income from other sources or business income The business that does business receives interest from short-term bank deposits is not from interest but from other sources, Indian Income Tax A…
- COMMISSIONER OF INCOME-TAX v. COMBUSTION ENGINEERING COMPANY INC., USA 2001 PTD 3007
In India, the royalty-enforceable cooperation agreement was contracted with non-residents, the reference was made to the Income-Disclosure, which was approved by the Central Residential Tribunal in 19…
- COMMISSIONER OF INCOME-TAX v. LAKSHMI MILLS CO. LTD. 2001 PTD 3034
The deduction of the amount of surplus paid as an incentive to settle the business expenses bonus under the Industrial Disputes Act, 1961, Sections 36 and 37 was…
- COMMISSIONER OF INCOME-TAX v. CARBORANDUM UNIVERSAL LTD. 2001 PTD 3037
The CIT's revision of appeal options is under the jurisdiction of the CIT to review the issue not identified in the appeal, which may revise the assessment order made under CIT section 144B under whic…
- SOUNDARARAJAN & CO. (PVT.) LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3069
Capital gains Transfer of shares by the appraiser over the value of short-term capital shares No distinction between trust or constructive trust value and sale price Short-term capital gains Indian Tr…
- COMMISSIONER OF INCOME-TAX v. SAWHANY TRADING CO. LTD. 2001 PTD 3080
Company is not liable for additional income tax due on undivided profit Indian Income Tax Act, 1961 Section 104…
- COMMISSIONER OF INCOME-TAX v. SAKTHI SUGARS LTD. 2001 PTD 3160
The correctional error record is evident from the developmental waiver in the year of installation of the machinery for the claim of deduction, namely, 72? or the year in which the deduction was allow…
- COMMISSIONER OF INCOME-TAX v. KIKANI & CO. 2001 PTD 3169
The details of the partners' shares must not be in the process of participation It is quite trivial to obtain the majority of the partnership in the application for registration and continue as a part…
- COMMISSIONER OF INCOME-TAX V: K.P. v. SHAIK MOHAMMAD ROWTHER & CO. (PVT.) LTD. 2001 PTD 3175
Reduction in commissions not allowed for business expenses…
- COMMISSIONER OF INCOME-TAX v. TAMIL NADU MERCANTILE \' BANK LTD. 2001 PTD 3177
The Reference Business Tribunal has allowed a deduction in damages based on the decision of the Securities Tribunals based on the judgment of the High Court where the revenue had taken a contradictory…
- COMMISSIONER OF INCOME-TAX v. S.J.S. SELVALAKSHMI AMMAL 2001 PTD 3183
Inclusion in gross income is also included in the gross income of the Assisi's husband, such as HUF's Carta, a partner in the firm in which the Assisi was also a father in its partnership, prior to hi…
- DASA BALINJIKA SEVA SANGAM v. COMMISSIONER OF INCOME TAX (NO. 1) 2001 PTD 3197
Exemption Chartable Purpose Charity Trust Assistance to People with Disabilities Trust and Education 15) and 13…
- HENRI ISIDORE v. COMMISSIONER OF INCOME-TAX 2001 PTD 3207
Correction of Errors The Penalty ITO has the right to remove the error in connection with the imposition of penalties in the Indian Income Tax Act 1961, Sections 154 and 271.…
- S. K. SELVARAJ v. COMMISSIONER OF INCOME-TAX 2001 PTD 3219
Forward and Return of Damages, 1961, Section 143…
- COMMISSIONER OF INCOME-TAX v. K.P: ABDULLAH 2001 PTD 3232
Hondi's money has been paid or will be paid by an account receivable check from a bank that is considered to be the income of the person borrowing or paying the documentary loan in English, whether by…
- MCDOWELL & CO. LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3237
The Ceiling Indian Income Tax Act, 1961, shall apply section 40 (c) of the Expenses Commission to the Directors Commission on the basis of income tax on business expenses interest 40 (c).…
- SALEM COOPERATIVE SUGAR MILLS LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3241
Business Expenses The Guest House Transit House Maintenance Tribunal found that the transit house was, in fact, a guest house on which the Indian Income Tax Act, 1961, section 37, was spent on mainten…
- COMMISSIONER OF INCOME-TAX v. GUJARATHI MANDAL 2001 PTD 3247
Charitable Purposes Refusal to grant charitable trusts Section 13 (1) (b) Section 13 (1) (b) applies only to a trust made for the benefit of a particular religious class or caste Section 13 (1) (b) is…
- COMMISSIONER OF INCOME-TAX v. TAMIL NADU TOURISM DEVELOPMENT CORPORATION LTD. 2001 PTD 3263
Income owned by the government or the capital receipt advance in his possession is converted into a grant for a specific purpose. A capital receipt is not considered an income. The Indian Income Tax A…
- COMMISSIONER OF INCOME-TAX v. SUDARSAN CHITS (I.) LTD. 2001 PTD 3265
Business Expenses Denied by Company Expenses Income Tax Act, 1961, Sections 37 and 40 (c)…
- COMMISSIONER OF INCOME-TAX v. SUNDARAM INDUSTRIES LTD. 2001 PTD 3274
Business Expenses The company's subscription paid to the clubs on behalf of its directors, finding that the tribunal found that the subscription was paid to promote the business of the company because…
- COMMISSIONER OF INCOME-TAX v. ABDUL RASHEED. 2001 PTD 3289
Many people who buy lottery tickets as a valuation and participate in the winning proportion with the purpose of earning revenue will not be assessed individually. Individual assessment made on ITO wi…
- WARDEX PHARMACEUTICALS (PVT.) LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3292
Appeal to Appellate Tribunal Powers for Tribunal Options for Payment of Compensation through Contract Violation…
- COMMISSIONER OF INCOME-TAX v. KOUSALYA SETHURAMAN 2001 PTD 3303
Capital Gains Capital Gains Counting Shares Transfer Bonus Shares Bonus Shares Price The value of the actual shares spread over the value of the bonus shares is the Indian Income Tax Act, 1961, sectio…
- COMMISSIONER OF INCOME-TAX v. N. BHAGAVATHY AMORAL 2001 PTD 3305
The definition of capital assets in section 46 (2) section 2 (14), which is divided into shareholders upon the termination of the company, is not relevant for the purpose of constructing the acquired …
- SHOLINGUR TEXTILES LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3314
Appeal from the CIT (Appeals) can be appealed against the entire order of inquiry under Section 214 of the appeal.…
- COMMISSIONER OF INCOME-TAX v. ASHER TEXTILES LTD. 2001 PTD 3324
Capital expenditures Expenses on roof repairs Income Expenditure Indian Income Tax Act, 1961, Section 37…
- COMMISSIONER OF INCOME-TAX v. AMBUR COOPERATIVE SUGAR MILLS LTD. 2001 PTD 3329
Depreciation Extra Shift Allowance Calculation methodology is to calculate additional shift allowances based on the number of days during which the concern was actually double shift or triple shift Ex…
- DASA BALINJIKA SEVA SANGAM v. COMMISSIONER OF INCOME-TAX (HLO.2) 2001 PTD 3332
The trust income from the business in the Chit Fund did not serve the true purpose of trusting the business; the Indian Income Tax Act, 1961, Sections LL and 13 (1) (BB) are not entitled to exemption.…
- COMMISSIONER OF INCOME-TAX v. M. K. KANNAN MARRIAGE BENEFIT TRUST 2001 PTD 3337
The representative was known to benefit from the daughter-in-law of the Diagnostic Trustee Trust and determined that section 164 (1) was not applicable, the Indian Income Tax Act, 1961, sections 161 a…
- CHROMPET EDUCATIONAL SOCIETY v. TAX RECOVERY OFFICER 2001 PTD 3340
Only the property attached to the tax collection property can be attached to the possession of the defaulter in its own right. The third party in the possession of the property must determine whether …
- K. R. MOTILAL v. COMMISSIONER OF INCOME-TAX 2001 PTD 3348
Denial of business expenses…
- SOUTH MADRAS ELECTRIC SUPPLY CORPORATION LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3431
Business Expenses Powerhouse Companies Retained on the Trading System Legal ut Consumers / Discount Reserve Fund was not created and the settlement dispute was settled in 1972 73 and in previous years…
- G. N. BADAMI v. COMMISSIONER OF INCOME-TAX 2001 PTD 3446
Salary Profit in exchange for salary Section 17 (3) Company authorizing employees to terminate their employment The amount received on such termination is a profit in return for salary The leave salar…
- SRI BALASUBRAMANIA TRADERS v. ASSISTANT COMMISSIONER OF INCOME-TAX 2001 PTD 3475
Presence of Pakistan Penal Code Alternative Remedies Treatment writ is not binding where natural justice principles are violated when an order passed by the tribunal violating the principles of natura…
- REITER MACHINE WORKS LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3483
CIT Revision Options under Section 264 The CIT (Appeals) Commissioner, on appeal, does not have the authority to modify the Commissioner under such an assessment order, which is in accordance with the…
- COMMISSIONER OF INCOME-TAX v. R. CHIDAMBARANATHA MUDALIAR 2001 PTD 3488
Business loss Capital or revenue loss could not be recovered from any company as the company did not receive any injuries. Capital Gains Indian Income Tax Act, 1961, Sections 2 (47) and 45…
- PARANJOTHI SHANMUGHAM v. MOHAN BREWERIES AND DISTILLERIES LTD. 2001 PTD 3505
Temporary Affiliate Transfers Submitting Documents for Registration of Knowledge Without an Affiliate Order All registrars complete the formal process but do not carry out sales activities due to a pr…
- COMMISSIONER OF INCOME-TAX v. TAMIL PUTHAKALAYAM 2001 PTD 3512
Firm Registration Condition Loss Share Details The benefits of the firm's partnership include an adult partner and a minor who in the partnership state that this partnership will mean the participatio…
- COMMISSIONER OF INCOME-TAX v. R. JAYALAKSHMI 2001 PTD 3533
An employee evaluating the inclusion of gross income in gross income is running a company that has a husband with decades of experience in managing a printing press even though she has no educational …
- COMMISSIONER OF INCOME-TAX v. SHOLINGER TEXTILES LTD. 2001 PTD 3549
Reference Business Expenses For the purpose of section 37 (3A) on sailing, calculate the expenditure on motorist maintenance It is true that the driver's salary is not to be spent on car maintenance. …
- COMMISSIONER OF INCOME-TAX v. R. BHARATHI 2001 PTD 3552
Gross income in total income concerns spouse income that is of great interest to the evaluator where the spouse has professional or technical qualifications The exclusion from this provision should be…
- ORIENTAL HOTELS LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3557
Advance tax interest no chance before interest is imposed; good speech order case remanded to Indian Income Tax Act, 1961, section 215…
- RAVI LEATHERS (P.) LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3560
Appebia, Tribunal Power Appeal Tribunal Options for the first time to consider the new ground of appeal before the tribunal questioning whether the grant receipt from a foreign company was received or…
- COMMISSIONER OF INCOME-TAX v. PARANJOTHI NADAR 2001 PTD 3569
In the date of dissolution of the firm the value of the dissolution of the firm stock must be kept at the market price; the death of the partner was dissolved on such death as the Indian Income Tax Ac…
- COMMISSIONER OF INCOME-TAX v. S.K. SUNDARARAMIER & SONS 2001 PTD 3584
Source of interest for source 194 in tax…
- STERLING COMPUTERS LTD. v. UNION OF INDIA 2001 PTD 3596
Assessment of additional tax under section 143 (IA) does not work in the constitutional right of section 143 (IA): Violation of Article 14 or Article 19 of the Constitution Clause Section 143 of the I…
- JAGAPATHY ART PICTURES v. COMMISSIONER OF INCOME-TAX 2001 PTD 3604
Capital or revenue receipt Subsidy After the certification by the Film Production Central Board of Film Censors, the film producer received a cash subsidy that was unpaid income to help pay for film s…
- COMMISSIONER OF INCOME-TAX v. PALANIAPPA TRANSPORT 2001 PTD 3607
Business balance charge is not equal to sale in the meaning of Section 41 (2) of the dissolution of the partners 'firm or the partners' mutual rights upon retirement, the buses allocated to the dissol…
- K. S. KRISHNAMURTHY v. COMMISSIONER OF INCOME-TAX 2001 PTD 3618
Receipt of Capital or Income Receipts Interest on timely non-availability of typers Determine whether the compensation received by the contractor was for work Interested in delayed payment of receipt …
- COMMISSIONER OF INCOME-TAX v. INTERNATIONAL CLEARING AND SHIPPING AGENCY 2001 PTD 3622
The firm rate of the tax profession does not mean the clearing, forwarding and shipping agents' firm activity of such agents. Not able to take advantage of lower tax rates applicable to professional f…
- COMMISSIONER OF INCOME-TAX v. CHERAN TRANSPORT CORPORATION LTD. 2001 PTD 3646
Contribution to business expenses Chiren Welfare Trust is entitled to deduction in Indian Income Tax Act, 1961…
- ASSEMBLY ROOMS v. COMMISSIONER OF INCOME-TAX 2001 PTD 3664
Charlotte Purpose Charity Trust is not obligated to apply income to any particular charity object in which income from the trust property is not indicated in the Trust Dead Trust, the Indian Income Ta…
- UNITED BLEACHERS LTD. v. COMMISSIONER OF INCOME-TAX (NO.2) 2001 PTD 3678
Depreciation Extra Shift Allowance Additional shift allowance should be calculated on the basis of the days during which the concern was actually the Double Shift or Triple Shift Indian Income Tax Act…
- RAJOO BROTHERS v. COMMISSIONER OF INCOME-TAX 2001 PTD 3691
Delay in filing returns is delayed and interest charged is not penalized. The registered firm pays the advance tax which is fully taxed, the firm was not liable to pay interest for the delay in filing…
- KUNAL ENGINEERING CO. LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3696
Managing Director's Compensation Bonus Payment Responsibility for Excessive Expenses Over Business Expenses was created only after the approval of the Government by the Central Government in November …
- COMMISSIONER OF INCOME-TAX v. FENNER (INDIA) LTD. 2001 PTD 3703
Business Expenses Company benefits, compensates or facilitates employees as a result of ceiling costs, which shows that the director was also an employee under section 40A (5), applying for contributi…
- ADAYAR GATE HOTELS LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3715
Condition of Investment Allowance Example Machinery or plant owned by SC must be used in the preparation or manufacture of articles Hotel business Hotel No industrial work Kitchen equipment No Machine…
- KUMARAN MILLS LIMITED v. COMMISSIONER OF INCOME-TAX 2001 PTD 3730
The business expense bonus amount agreed to be paid more than the legal amount under settlement with workers under section 18 of the Industrial Disputes Act, Section 37 of the Indian Income Tax Act, 1…
- COMMISSIONER OF INCOME-TAX v. N. VAJRAPANI NAIDU 2001 PTD 3734
Capital gains Mortgage Property Sales Portion of the price paid for mortgage lender Wendy's lenders, Income Tax Act 1961, section 48…
- COMMISSIONER OF INCOME-TAX v. NAGI REDDI CHARITIES 2001 PTD 3782
The purpose of the Indian Income Tax Act 1961 exemption is to direct the distribution of donors to the charity trust's films, before the assets received by the trust under the Copyright Assistant are …
- COMMISSIONER OF INCOME-TAX v. D.P.F. TEXTILES LIMITED 2001 PTD 3790
Depreciation last year was in violation of R5 (1) status and was not in line with the Indian Income Tax Act, 1961, Section 3 and 32 Indian Income Tax Rules, 1962, R5.…
- COMMISSIONER OF INCOME-TAX v. DHANALAKSHMI FINANCE CORPORATION 2001 PTD 3796
On the year 1976 1977, on the estimation of any of the partners, 197 197, the death of the old company was dissolved and the new firm should be evaluated separately for the period of the Indian Income…
- COMMISSIONER OF INCOME-TAX v. GEORGE 2001 PTD 3800
The theory of the terms of the Association of Individuals, for example, is that many people are jointly buying lottery tickets, which is a joint venture in which they can earn an income award that is …
- AYYAPPAN TEXTILES LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3802
Depreciation law Depreciation rate Applicable law that applies to the beginning of the assessment year and not later than that date Income Tax (Fourth Amendment) Rules, 1983 do not apply in the year 1…
- TEA ESTATE INDIA LTD. v. COMMISSIONER OF INCOME-TAX 2001 PTD 3805
Introduction to section 37 (2B) by the Taxes Tax Rules (Amendment) Act 1978, business expenses for advertising in the Sninnier that are related to the estimation year 1979, from year 1 4 1979, the ass…
- COMMISSIONER OF INCOME-TAX v. THANGARNALIGAI & CO. 2001 PTD 3828
References Business Expenses Denies Expenses Indian Income Tax Act, 1961, Sections 37 (3A), (3B) and 256 (2)…
- P. ARUNACHALAM v. COMMISSIONER OF INCOME-TAX 2001 PTD 3833
In connection with the termination of employment, the salary received is the return of the compensation pay and the salary is the Indian Income Tax Act, 1961, Section 17 (3) (i).…
- REVATHY CP EQUIPMENT LTD. v. DEPUTY COMMISSIONER OF INCOME-TAX 2001 PTD 3843
Failure to disclose material facts required for assessment assessment, except for 1983 84 to 1988 89, except for the 1983 1983 to 1984 89 preliminary facts required for claim of original estimate reve…
- GENERAL EXPORTERS v. COMMISSIONER OF INCOME-TAX 2001 PTD 3849
The transfer of jurisdiction over the case has the jurisdiction to transfer cases to the Director General, Chief Commissioner and Commissioner in the Income Tax Act, 1961, Section 127.…
- FENNER (INDIA) LTD. v. DEPUTY COMMISSIONER OF INCOME-TAX 2001 PTD 3881
The condition for obtaining notice of extension of the assessment threshold must be acknowledged that the income was not estimated due to the assimilation by Assamsee's failure to disclose material fa…
- COMMISSIONER OF INCOME-TAX v. S. RAJAMANI AND THANGARAJAN INDUSTRIES 2001 PTD 3892
Business balance charge capital gains transfer of real estate firm through its partners…
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