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Judgment Search Results Home > Cases Phrase: oudh laws act 1876 part ii general laws to be administeredin oudh Year: 1987

Mar 31 1987 (HC)

R. Ratnam Vs. Wealth-tax Officer.

Court : Chennai

Decided on : Mar-31-1987

Reported in : [1988]24ITD42(Mad)

..... act. this conclusion will be in accord and in harmony with the scheme of the act. the general rule as to a deduction of debts in section 2(m) is that all debts must come into the reckoning. clauses (ii ..... act and the act ..... 2(m) (ii) of the act ..... in section 2(m) (ii) was ..... 2(m) (ii) of the act ..... act as ..... act, to fall within the mischief of section 2(m) (ii) of the act ..... act ..... 2(m) and section 2 ..... 2(m) and section 2 ..... act ..... (ii) ..... wealth-tax act. we ..... 2(m) of the act. what is excluded under section 2(m) (ii ..... 2 ..... act ..... act ..... 2(m) of the act.8. the cwt (appeals), after adverting to section 2(m) (ii) of the act ..... act ..... 2 ..... tax act.4 ..... act ..... 3-1984.2. we have ..... ii) of clause (m) of section 2 ..... 2(m) of the act ..... 2(m) of the act. the department relies on the exclusion clause in section 2(m) (ii) of the act ..... 2(m) of the act ..... 2(m) of the act ..... 2(m) (ii) or any of the other exclusion clauses of section 2 ..... 2(m) of the act ..... 2(m) of the wealth-tax act ..... 2(m) of the wealth-tax act ..... act with reference to the assessment under the act. in the case of the income-tax act ..... 2(m) (ii) of the act. shri balasubramaniam pointed ..... 2(m) (ii) of the act ..... act which has been inserted in the statute with retrospective effect from 1-4-1975 by the finance (no. 2) act, 1980. he submitted that in view of this provision of law ..... 2(m) was rightly negatived as the debt in question was hit by the exclusion clause contained in section 2(m) (ii) of the act ..... ii ..... act, 1949 applies for the purpose of exemption under section 5 of the wealth-tax act, 1957. this section has been inserted by the finance (no. 2) act .....

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