Skip to content


Judgment Search Results Home > Cases Phrase: indian partnership act Sorted by: old Year: 1933 Page 3 of about 22 results (0.066 seconds)

Dec 07 1933 (PC)

Sir Rajendra Nath Mukerjee Vs. the Commissioner of Income-tax

Court : Mumbai

Decided on : Dec-07-1933

Reported in : (1934)36BOMLR267

..... after the judgment of the high court on martin & co.'s appeal final and conclusive assessments were made on martin & co. and the individuals composing that partnership without including the income of those individuals as partners of burn & co. their income as partners of burn & co. then, it is suggested, 'escaped ..... held in martin & co. in the year 1927-28 martin & co. was a registered firm while3. burn & co. was unregistered. under the indian income-tax act registered and unregistered firms are differently taxed in various important respects.4. on april 7, 1927, the income-tax officer of district i issued a notice ..... conclusive assessments have now been made on messrs. martin & co. and on their individual partners?3. upon a true construction of the indian income-tax act must not any assessment be completed within the year of assessment or in the event of such assessment not being so completed, is not ..... firm carrying on business in calcutta, assessing them to income-tax and super-tax for the year 1927-28, under section 23 (1) of the indian income-tax act, 1922. the main question in the present appeal, in which the individual partners of burn & co. are the appellants, is whether it was competent ..... however, submit that this is a case of income escaping assessment within the meaning of section 34. assessment, they argue, is a definite act, indeed the most critical act in the process of taxation. if an assessment is not made on income within the tax year then that income, they submit, has .....

Tag this Judgment!

Dec 07 1933 (PC)

Rajendra Nath Mukerjee and Others Vs. Commissioner of Income-tax

Court : Privy Council

Decided on : Dec-07-1933

..... the judgment of the high court on martin and co.'s appeal final and conclusive assessments were made on martin and co. and the individuals composing that partnership without including the income of those individuals as partners of burn and co. their income as partners of burn andco. then, it is suggested "escaped ..... and conclusive assessments have now been made on messrs. martin and co. and on their individual partners ? 3. upon a true construction of the indian income tax act must not any assessment be completed within the year of assessment or in the event of such assessment not being so completed, is not the ..... however submit that this is a case of income escaping assessment within the meaning of s.34. assessment, they argue, is a definite act, indeed the most critical act in the process of taxation. if an assessment is not made on income within the tax year then that income, they submit, has escaped ..... or gains not escaped assessment or full assessment, as the case may be." the appellants were not able to point to any express provision of the act limiting the time within which an assessment must be made. in particular, s.23, under which the assessment in question purports to have been made, ..... which need not be detailed, the high court, on 16th may 1930, held that the income of a registered firm cannot for the purposes of the act be aggregated with the income of an unregistered firm, but that the income of each must be separately assessed, irrespective of the fact that the persons .....

Tag this Judgment!


Save Judgments// Add Notes // Store Search Result sets // Organizer Client Files //