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Judgment Search Results Home > Cases Phrase: medical degrees act 1916 section 2 definitions Court: income tax appellate tribunal itat kolkata Year: 1986 Page 1 of about 2 results (0.060 seconds)

Jan 27 1986 (TRI)

Duncan International (India) Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Kolkata

Decided on : Jan-27-1986

Reported in : (1987)23ITD161(Kol.)

..... . the next ground of appeal by the assessee is that the commissioner (appeals) erred in directing the ito to allow the weighted deduction under section 35b of the act relating to salary of employees engaged entirely on export business to only 75 per cent of such salary. it is also the appeal by the ..... is not accepted.37. the next ground of appeal is that the commissioner (appeals) erred in directing the ito to determine the interest under section 215 of the act after giving effect to the appellate order, whereas the contention of the assessee was that it was not liable to be charged with any interest ..... in our opinion, since the order has been passed by the tribunal on 8-8-1984 and as the order became final as contemplated under section 254(4) of the act, we have in fact become functus offlcio. in the circumstances, we cannot even have power to review or modify any part of such order ..... is the appeal by the assessee which is directed against the order of the commissioner (appeals) dated 31-1-1981 for the assessment year 1976-77.2. the first ground of appeal is of general nature which requires no decision.3. the next point of appeal is that the commissioner (appeals) erred ..... act, 1956. on the facts of that decided case, it was held that by reason of the provision of the cement control order which governed the transaction of sale of cement entered into by the assessee with the purchasers, the amount of freight formed part of the sale price within the meaning of first part of the definition .....

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Jan 06 1986 (TRI)

Wealth-tax Officer Vs. Sheo Prosad Nopany

Court : Income Tax Appellate Tribunal ITAT Kolkata

Decided on : Jan-06-1986

Reported in : (1986)16ITD166(Kol.)

..... such other considerations will have to be taken into account as will be applicable to the facts of each case... (p. 634) 5. section 7(1) of the wealth-tax act, 1957 ('the act') has been interpreted by the hon'ble supreme court in the case of pandit lakshmi kant jha v. cwt [1973] 90 itr 97 with ..... cannot escape application of rule id in the instant case. it is interesting to know that value of the shares, according to rule id, comes to rs. 2,81,200 and according to yield method it comes to nil. it is not the case of the assessee that there is no value at all of the ..... value of those shares comes to nil. the department is, therefore, in appeal.2. contention of the learned departmental representative is that rule id is a mandatory provision and, therefore, the learned aac erred in directing the unquoted shares of asiatic wires ..... assessment year 1979-80 valued 20,000 unquoted equity shares of asiatic wires ltd. under rule id of the wealth-tax rules, 1957 ('the rules') at rs. 2,81,200. on appeal, the aac directed those shares to be valued in accordance with yield may ho mentioned here that according to yield method, the ..... are to be of the same effect as if contained in the act and are to be judicially noticed for all purposes of construction or obligation' (state of u.p. v. babu ram upadhya [1961] 2 scr 679 at p. 702 : air 1961 sc 751 ; (see also maxwell : interpretation of statutes, 11th edn. pp. 49-50). .....

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