Judgment Search Results Home > Cases Phrase: agricultural income tax act 1957 section 20 power to make provisional assessment in advance of regular assessment Sorted by: old Page 1 of about 111 results (0.280 seconds)

Swarmal Choudhury Vs. Commercial Tax Officer and ors.

Court : Kolkata

Reported in : [1988]71STC404(Cal)

..... reported in : [1971]81itr509(kar) , the mysore high court considered section 20(1) of the mysore agricultural income-tax act, 1957 which is in pan materia with section 141 of the income-tax act, 1961. it was held in that case that under section 20(1) of the mysore act the assessing authority has power only to call upon the assessee to pay ..... in the regular assessments were in excess of those returned by it. appeals were pending against the orders of assessment. the income-tax officer made a provisional assessment on the company under section 141 of the income-tax act, 1961, recomputing the aggregate losses of earlier years on the basis of the computations in the regular assessments for the ..... tax provisionally on what he admits as his taxable income.23. in my judgment rule 27aa(2)(c) .....

Consolidated Coffee Ltd. Vs. Agricultural Income-tax Officer and Anoth ...

Court : Karnataka

Reported in : [1994]206ITR710(KAR); [1994]206ITR710(Karn); 1994(38)KarLJ187

..... auditor and a few other documents. the first respondent who is the assessing authority decided to make a provisional assessment under section 20 of the karnataka agricultural income-tax act, 1957 ('the act', for short) while considering the return filed by the petitioner. in the process, the first respondent thought it fit to issue a proposition notice ..... of mysore : [1971]81itr509(kar) , a bench of this court applied the above ratio to section 20 of the act. in the said case, certain deductions claimed by the assessee were not permitted by the agricultural income-tax officer under section 20. this order was set aside by this court and the bench pointed out (at page 510) ..... that :'..... the scheme of section 20(1) of the act being similar to section 141 of the income-tax act, 1961, the assessing authority has power only to .....

Nathan Vs. Louisiana

Court : US Supreme Court

..... repugnance to the constitutional power of congress to regulate commerce. foreign bills of exchange are instruments of commerce, it is true, but so also are the products of agriculture or manufactures, over which the taxing power of a state extends until they are separated from the general mass of property by becoming exports. a state has a right to ..... the power so granted, and forbid them to impose, without consent of congress, any duty on imposts or exports." "and so far as the said section and act imposes a tax on that part of the business of a money and exchange broker which consists in buying and selling money or foreign coin, or other currency, the same is contrary ..... now the individual who uses his money and credit in buying and selling bills of exchange, and who thereby realizes a profit, may be taxed by a state in proportion to his income, as other persons are taxed, or in the form of a license. he is not engaged in commerce, but in supplying an instrument of commerce. he is less .....

Stone Vs. Farmers' Loan and Trust Co.

Court : US Supreme Court

..... that another shall not be erected, and no undertaking not to sanction competition, nor to make improvements that may diminish its income." in minot v. philadelphia, wilmington & baltimore railroad, known as the delaware railroad tax case , 18 wall. 206, 85 u. s. 226 , it was held that a provision in the charter that ..... fifty years "chemical and other works at the place designated . . . for the purpose of manufacturing and converting dead animals and other animal matter into an agricultural fertilizer, or into other chemical products, by means of chemical or other processes," but this court held that the state was not thereby prevented from causing ..... railway communication between the gulf of mexico and the ohio river, passing through alabama, mississippi, tennessee, and kentucky, and to secure it, these states, by legislative acts passed in february, 1848, incorporated the company, to construct, equip, and operate a railroad from mobile, in alabama, to a point opposite cairo, in illinois .....

Gibbons Vs. District of Columbia

Court : US Supreme Court

..... for its convenient enjoyment for its legitimate purpose. even parts of the exempted buildings page 116 u. s. 407 and lands, if used to secure a rent or income or for any business purpose, are taxable. but land which is neither actually occupied for a church building nor reasonably needed and actually used for the convenient enjoyment ..... had been actually so leased. the objection taken in argument that the act of march 3, 1877, is unconstitutional because it provides that the tax upon all lands within the district of columbia, outside of the cities of washington and georgetown and held and used solely for agricultural purposes shall be a dollar and a quarter on the hundred, and ..... , grounds, or cemetery so in terms excepted is larger than is reasonably needed [in the act of 1876; 'absolutely required' in the act of 1877] and actually used for its legitimate purpose, and none other, or is used to secure a rent or income, or for any business purpose, such portion of the same, or a sum equal in .....

Minneapolis Association Vs. Canfield

Court : US Supreme Court

..... of the bonds and notes by him to king, he (canfield) supposing that the deeds delivered to him conveyed a complete title to the property. that the minneapolis agricultural and mechanical association had no corporate property except the said fair grounds, and that shortly after receiving said deeds from king, canfield conveyed to the minneapolis harvester works ..... to appellants sidle and langdon, in trust for the contributors, in consideration of his being paid the money it had cost him, and interest, and of having the taxes paid on said land, and of being relieved from the claims against him on account of labor and material so furnished. the amount of purchase money and interest ..... . that king informed baldwin of his agreement to sell the fair grounds property to canfield, and its terms, and it was thereupon agreed between king and baldwin, acting for himself and the bank, that the bank should take $36,000 par value of said northern pacific railroad bonds to be paid to king by canfield in .....

In Re: Lakshmibai, Widow and Administratrix of Vinayakrav Jagannath Sh ...

Court : Mumbai

Reported in : (1888)ILR12Bom638

..... -of the land devoted to the maintenance of the trust. the property hitherto has only been used for agricultural purposes, the return has been small, and the temple and its adjuncts have been in consequence insufficiently maintained. a sufficient income for the trust would be probably obtained if the land were let for building purposes. such portion of ..... (c) i have answered already.6. as regards costs, i think the petitioner and the advocate general are entitled to their costs out of the fund, to be taxed as between attorney and client. as regards mr. lang's client, he appeared on notice, and he is entitled to his cost of appearance in chambers, but exclusive ..... superintending power and being informed by affidavits; and the court has no means of exercising any controlling power over the subject-matter.' as regards the section in the indian act, there is an express decision-in re samuel marie brereton i.l.r., 7 bom., 381-where the learned judge follows the english decisions, and says: 'it .....

Cornell University Vs. Fiske

Court : US Supreme Court

..... part thereof, granted to the state of new york by the act of congress entitled 'an act page 136 u. s. 156 donating public lands to the several states and territories which may provide colleges for the benefit of agriculture and the mechanic arts,' approved july 2, 1862," "which right to said 'income, revenue, and avails' was granted, and, for a valuable ..... from the gross receipts on sales the original cost of thirty cents per acre, the cost and expenses attending the location, management, and sale of said lands, the taxes assessed and paid on the same by the party of the second part, and the interest at the rate of seven percent per annum on the several amounts actually ..... profits arising from such sales into the treasury of this state; and, until the same shall be so sold, and the net profits so paid, he will pay all taxes which may be assessed thereon, and preserve and maintain a title thereto unimpaired, to which the liens created by said mortgages shall attach. and, if any event shall .....

Adams Express Co. Vs. Kentucky

Court : US Supreme Court

..... (22) cents for the support of the common schools, and one-half of one cent for the agricultural and mechanical college, as now provided by law, by an act entitled 'an act for the benefit of the agricultural and mechanical college,' approved april twenty-ninth, one thousand eight hundred and eighty, including the necessary traveling ..... other states as well as in this state, the statement shall show the following facts, in addition to the facts hereinbefore required: the gross and net income or earnings received in this state and out of this state, on business done in this state, and the entire gross receipts of the corporation, ..... there is a want of uniformity in the levy of the taxes against the defendant, even though section 171, requiring uniformity of taxation upon all property subject to taxation, applies to taxation based upon income, license, or franchise, and is given its broadest possible construction." the act received consideration in henderson bridge co. v. commonwealth, 31 .....

Schollenberger Vs. Pennsylvania

Court : US Supreme Court

..... from to a board hereby constituted for the purpose, composed of the surgeon general of the army, the surgeon general of the navy and the commissioner of agriculture, and the decisions of this board shall be final in the premises." provision is also made for the removal of oleomargarine from the place of its manufacture ..... there is a penalty denounced against any person engaged in carrying on the business of oleomargarine who should defraud, or attempt to defraud, the united states of the tax. this act shows that congress, at the time of its passage in 1886, recognized the article as a proper subject of taxation, and as one which was the subject ..... us, it is a gift of american enterprise and progressive invention to the world. it has become one of the conspicuous articles of interstate commerce, and furnishes a large income to the general government annually. . . . it is entering rapidly into domestic use, and the trade in oleomargarine has become large and important. the attention of the .....