Andhra Pradesh Court January 1987 Judgments
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Commissioner of Income-tax Vs. Navabharat Enterprises Pvt. Ltd.
Court: Andhra Pradesh
Decided on: Jan-19-1987
Reported in: (1987)63CTR(AP)187; [1987]165ITR603(AP)
Jeevan Reddy, J. 1. Three questions are stated for our opinion under section 256(1) of the Income-tax Act. They are : '(1) Whether, on the facts and in the circumstances of the case, the assessee is entitled to deduction under section 37 of the Income-tax Act, 1961, in respect of the sum of Rs. 1,04,155 being interest paid to the bank on medium and short-term agricultural loans (2) Whether, on the facts and in the circumstances of the case, the assessee is entitled to deduction under section 35C also on the above interest paid to banks when other conditions laid down in section 35C were not satisfied even though it was held to be an industrial company and (3) Whether, on the facts and in the circumstances of the case, the assessee is entitled to weighted deduction under section 35C in respect of the agricultural development expenses of Rs. 74,870 though the other conditions mentioned in section 35C were not satisfied even if it was held that the assessee was an industrial company ?' ...
Commissioner of Wealth-tax Vs. Balijepalli Sridevamma
Court: Andhra Pradesh
Decided on: Jan-19-1987
Reported in: [1987]165ITR167(AP)
Rama Rao, J. 1. The question referred under section 27(1) of the Wealth-tax Act is as follows : 'Whether, on the facts and in the circumstances of the case, the value of life interest, viz., Rs. 5,835, in respect of agricultural lands or the value of agricultural lands, viz., Rs. 1,75,035, is liable to levy of wealth-tax for the assessment year 1976-77 ?' 2. For the assessment year 1976-77, the assessee, the widow of late Sri Balijepalli Krishnamurthi, filed a return admitting a sum of Rs. 5,835 being the value of her life interest in the agricultural lands of extent of 36, 11 1/5 acres. The husband of the assessee executed a will on June 7, 1950, conferring life interest to the wife in the properties. There is no mention about the vested remainder. The wife is empowered to adopt a boy if she chooses to do so. The Wealth-tax Officer held that the assessee was the absolute owner of the entire property left by her husband and did not accept the valuation based upon the claim of life inte...
G. Topi Saheb Vs. Commissioner of Income-tax
Court: Andhra Pradesh
Decided on: Jan-19-1987
Reported in: [1988]170ITR181(AP)
Jeevan Reddy, J. 1. Three questions are stated for our opinion by the Income-tax Appellate Tribunal under section 256(1) of the Income-tax Act, 1961. They are : '(1) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that the wealth-tax assessments for the earlier years, viz., 1966-67 to 1973-74, were made on a protective basis (2) Whether the Tribunal was right, on the facts and in the circumstances of the case, in holding that the wealth-tax assessments for the earlier assessment years did not constitute independent evidence which would help in deciding the tenability or otherwise of the assessee's plea that the assessee was possessed of large funds in earlier years (3) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in sustaining the addition to the extent of Rs. 1,60,974 for the assessment year 1974-75 ?' 2. The assessee filed income-tax returns for the assessment years 1964- 65 to 1973-74 simu...
J. Narasimhareddy and anr. Vs. the Special Officer and Competent Autho ...
Court: Andhra Pradesh
Decided on: Jan-19-1987
Reported in: AIR1989AP60
1. The order of the Special Officer & Competent Authority, Urban Land Ceilings, Hyderabad dt. 12-11-1980, the respondent, imposing a penalty ofRs. 23,06,710-20 under Section 18(1) of Urban Land (Ceiling and Regulation) Act, 1976 (for short 'the Act') is assailed in the writ petition.2. The case of the petitioners is that in 1971 they purchased Ac. 31-11 guntas of land comprised of Sy. Nos. 124, 125, 126, 127/1 and 128/1 situated in Gaddi Annaram. On 27-6-1979 notification under Section 4(1) of the Land Acquisition Act was issued proposing to acquire Sy. Nos. 124,125 and 126 measuring Ac. 26-26 guntas and Sy. No. 128 Part measuring Ac. 1-13 guntas. The petitioners did not file any declarations contemplated under Section 6(1) of the Act. Notices were issued to them under Section 6(2) of the Act on 20-5-1980. Again summonses were issued to them on 16-9-1980. In response to the summons, they filed reply dt. 29-9-1980 stating that the lands have been acquired, hence they have not filed any ...
Boyapati Koteswararao and anr. Vs. Pappu Veeranna and anr.
Court: Andhra Pradesh
Decided on: Jan-18-1987
Reported in: [1990]68CompCas698(AP)
Jagannadha Rao, J.1. This is an appeal preferred jointly by the owner of the vehicle as also the insurance company questioning an award of Rs. 37,500 made by the court of Additional Distric Judge-cum-Additional Motor Accidents Claims Tribunal, Krishna. The accident occurred on April 21, 1981, at Vijayawada and the respondent who was injured suffered a fracture on his left ankle. THe respondent underwent treatment at Vijayawada and also at Madras, but he was, however, left with a permanent disability as he has to limp. On account of the said disability, te respondent who was photographer by profession, suffered detriment and claimed damages. The respondent has a photo studio called Veeranna Studio is also engaged in producing documentary films for private and Government institutions which are exhibite in cinemas and the TV. The respondent claimed a sum of Rs. 74,000 as compensation and the Tribunal below awarded a sum of Rs. 37,500. Against the said award, the owner of the bus as well a...
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