Andhra Pradesh Court September 1969 Judgments
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Commissioner of Wealth-tax Vs. Nawab Fareed Nawaz Jung and ors.
Court: Andhra Pradesh
Decided on: Sep-03-1969
Reported in: [1970]77ITR180(AP)
Ramachandra Raju, J. 1. This case was referred under Section 27(1) of the Wealth-tax Act of 1957 (hereinafter referred to as 'the Act') with regard to wealth-tax assessment of one Nawab Farced Nawaz Jung for the assessment years 1957-58 and 1958-59 and the question we are called upon to decide is as follows : 'Whether the sums of Rs. 44,394 and Rs. 42,415 representing the capital value of the annual payments made to the assessee under the five trust deeds executed by him on May 28, 1951, February 18, 1952, August 8,1952, December 9, 1952, and May 13, 1953, for the assessment years 1957-58 and 1958-59, respectively, constituted part of the net wealth of the assessee ?' 2. The assessee is now dead and his legal representatives were brought on record. The assessee owned movable and immovable properties. With regard to some of his movable properties consisting of Government securities the assessee created five different trusts under the trust deeds datedMay 28, 1951, February 18, 1952, Aug...
The State of Andhra Pradesh Vs. Pachipulusu Venkata Subba Rao and Co.
Court: Andhra Pradesh
Decided on: Sep-01-1969
Reported in: [1970]26STC27(AP)
Gopal Rao Ekbote, J.1. This sales tax revision is directed against the order of the Sales Tax Appellate Tribunal made in Tribunal Appeal No. 1018 of 1963 on 16th April, 1965, whereby the Tribunal allowed the appeal and held that the assessment order passed on Messrs Pachipulusu Venkata Subba Rao and Co. is illegal and cannot be enforced.2. The material facts in order to appreciate the contention raised before us are that Messrs Pachipulusu Venkata Subba Rao and Co. is a firm transacting business in cloth at Vijayawada. Pachipulusu Venkata Subba Rao, who is one of the partners of the said firm, also has his personal business which he carries in the name and style of Messrs Pachipulusu Venkata Subba Rao.3. Messrs Pachipulusu Venkata Subba Rao and Co., the firm, filed a return in regard to their turnover for the assessment year 1956-57. According to this return the turnover was Rs. 5,82,828-10-0.4. Since the Commercial Tax Officer was not satisfied with the correctness or completeness of ...
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