Court : Kolkata
Reported in : [1974]96ITR661(Cal)
Sabyasachi Mukharji, J.1. In this reference under Section 27(1) of the Wealth-tax Act, 1957, the following question has been referred to this court :' Whether, on the facts and in the circumstances of the case, the assessment for the year 1957-58 under the Wealth-tax Act, 1957, was correctly made on the assessee as a Hindu undivided family '2. The reference arises out of the assessment made on the assessee in the status of Hindu undivided family for the assessment year 1957-58, for which the relevant valuation date is 2nd of November, 1956. The Hindu undivided family known as M/s. Kaniram Hazarimal was assessed to income-tax in such status up to the assessment year 19.57-58. Under Section 25A of the Indian Income-tax Act, 1922, the Income-tax Officer had recorded an order recognising the disruption in the family on 2nd of November, 1956, which was the last day of the accounting period relevant to such assessment. The case of the assessee before the Wealth-tax Officer, however, was that...
Tag this Judgment!Court : Kolkata
Reported in : [1973]32STC141(Cal)
Debiprosad Pal, J.1. The petitioner in this case is Messrs. Oriental Gas Company Limited, a company registered under the English Joint Stock Companies Act, 1862. The petitioner was producing gas for supply to industrial undertakings, hospitals and local authorities and also to the public in general for domestic consumption. The West Bengal Legislature by an Act, viz., Oriental Gas Company Act, 1960 (West Bengal Act 15 of 1960), provided for the taking over the management and control of the undertaking of the petitioner for five years with effect from the date to be specified in the notification. On 3rd October, 1960, the West Bengal Government issued three notifications, the first declaring that the said Act would come into force on 3rd October, 1960 and another notification specifying 7th October, 1960, as the date with effect from which the State Government would take over the management and control of the undertaking of the petitioner. It is stated that physical control and manageme...
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