Patna Court September 1986 Judgments

Wealth-tax Officer Vs. Ram Autar Prasad Choudhary

Court: Income Tax Appellate Tribunal ITAT Patna

Reported in: (1987)20ITD358(Pat.)

1. Wealth-tax appeals filed by the department in respect of the assessments of the assessee pertaining to the assessment years 1978-79 to 1981-82 and the cross-objections filed by the department for the assessment year 1978-79 were heard together on 16-7-1986. Appeals filed by the department in respect of income-tax assessments of the assessee pertaining to the assessment years 1980-81 and 1981-82 were heard on 17-7-1986. After considering the rival submissions, these appeals and the cross-objections are being disposed of by a common order, as the main issue involved in these appeals is the same.2. Shri Nathmal Choudhary, his wife and their son, Ram Autar Choudhary, were members of a Mitakshara undivided family. The HUF had owned certain movable and immovable properties. Shri Nathmal Choudhary died in 1959, i.e., he died after coming into force of the Hindu Succession Act, 1956. The assessee-HUF while filing its wealth-tax return for the assessment year 1978-79 claimed for the first t...

Sau Jamnadevi Balkisan Jaju Vs. First Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Patna

Reported in: (1987)20ITD209(Pat.)

1. The abovementioned two appeals filed by the assessee pertain to the assessment years 1979-80 and 1980-81. The valuation dates relevant to these two assessment years are 31-3-1979 and 31-3-1980. As these appeals had raised similar issues, they were consolidated and heard together. After hearing the rival submissions, these appeals are being disposed of by a common order as under.2. The main issue to be decided in these appeals is whether the reassessment proceedings are valid.3. The facts giving rise to these appeals may be stated. The original assessments for these two years were completed on net wealth as disclosed by the assessee in her returns. For the assessment year 1979-80, the assessee had filed her wealth-tax return on 6-11-1979 showing net wealth of Rs. 2,53,128. The WTO completed the assessment on 28-10-1980 on the same wealth. For the assessment year 1980-81, the assessee had filed her return showing net wealth of Rs. 2,10,947 and the WTO completed the assessment on 28-1...

Mohanlal Agarwal Vs. Bank of Baroda and ors.

Court: Patna

P.K. Deb, J.1. en preferred by the abovenamed defendant No. 3-appellant against the judgment and decree dated 11.8.1986 and 26.8.1986 respectively passed by the then 3rd Additional Subordinate Judge, Jamshedpur in Money Suit No. 72 of 1983/3 of 1986, by which the plaintiffs suit for recovery of Rs. 25,350.70 ps. together with interest thereof at the rate of 17 per cent per annum from 26.3.1983 to 10.8.1986 with future interest at the rate of 17 per cent per annum till the date of realisation alongwith cost of the suit has been decreed.2. The plaintiff-respondent is a Banking company having its head office at Mandri, Baroda (Gujrat) and branch office at Golmuri, P.S. Golmuri, town Jamshedpur, District-Singhbhum East. The defendant No. 2 is the sole proprietor of defendant No. 1 carrying on business of cloth at 79, Jhanda Chowk, Sakchi Market, Jamshedpur in the name and style of M/s : Sri Niwas Textiles. The defendant No. 2 for pecuniary assistance in the business applied in 1972 to the...