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Judgment Search Results Home > Cases Phrase: indian partnership act Court: guwahati Year: 1963 Page 1 of about 1 results (0.018 seconds)

Apr 04 1963 (HC)

D. C. Chaudhuri and Another Vs. Agricultural Income-tax Officer, Shill ...

Court : Guwahati

Decided on : Apr-04-1963

..... manufacture and sale of black tea at the said martycherra tea estate under a partnership. the two petitioners were the sole partners of the firm. the partnership firm was served with a notice under the indian income-tax act by the income-tax officer and was assessed to income-tax for the assessment ..... in the result therefore the assessments made are illegal.i will like to add a few words regarding section 20a of the act. the martycherra tea estate formerly belonged to a partnership firm. it was sold to a company on july 9, 1953. under section 20a (2), where a person discontinues any ..... arose out of proceedings under the indian income-tax act. section 34 of the indian income-tax act, as it stood at that time was as follows :"if for any reason income, profits or gains chargeable to income-tax ..... whole income will be regarded as agricultural income, inasmuch as the entire income derived by agriculture is defined to be agricultural income under the indian income-tax act, and thus the entire income may be liable to pay agricultural income-tax. the income-tax department, on the other hand, may ..... what the agricultural income-tax officer does under section 20 (4) is to quantify the amount of tax and thus the authorities under the indian income-tax act are of no assistance.the advocate-general, however, strongly relied upon the case of rajendranath mukherjee v. commissioner of income-tax. this case .....

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