Fair Market Value - Judgment Search Results

Commissioner of Income-tax, Madras Vs. United India Life Assurance Com ...

Court : Chennai

Reported in : [1966]62ITR610(Mad)

..... invariably apply what is necessary is to find the market value and the market value determined should be a fair market value what is fair and what is not fair will depend on particular facts and circumstance the ..... the business as on january 1 1954 was correct the income tax officer calculated the fair market value on the same basis as adopted for computing the compensation in accordance with the .....

Sonepat Light, Power and General Mills Ltd. Vs. Commissioner of Income ...

Court : Punjab and Haryana

Reported in : [1966]59ITR392(P& H)

..... by it even so says mr sodhi it is only the fair market value of the machinery etc referred to in the first provisio to ..... i e power house building sub station etc is inclusive of the fair market value and the 20 per cent thereof and that the break up ..... the electricity act including what is called their fair market value under the first proviso and the added value up to 20 per cent by virtue of .....

City of El Paso Vs. Simmons

Court : US Supreme Court

..... texas legislature in 1955 sold it to el paso for the fair market value to be appraised but no less than 6 50 per acre ..... 313 u s 221 upheld a new york law which redefined fair market value of property purchased by mortgagees at foreclosure sales again emphasizing that ..... foreclose mortgages should during those two years be paid the fair rental value of the property just as if the foreclosure had taken .....

Commissioner Vs. Brown

Court : US Supreme Court

..... an interest in future earnings over and above what would be a fair market value of the property since the seller bears the risk the so ..... not before the court the price was said to be twice the fair market value and the issue was the deductibility of the rent paid by ..... payable from income which has been held to reflect the fair market value of the assets which the stock represents footnote 9 it did .....

Smt. Sumatra Bai Vs. State of Madhya Pradesh

Court : Madhya Pradesh

Reported in : AIR1966MP65; 1965MPLJ531

..... any such sales were made the prices would indicate the fair market value if such data were not available the other considerations relevant for ..... determining the market value of the land were the profit or loss which was ..... it was for the land acquisition officer to find out the value of such lands and also consider other data which might be .....

Nair Service Society, Changanacherry Vs. R.M. Palat and ors.

Court : Kerala

Reported in : AIR1966Ker311

..... when the terms of a contract exclude that a reasonable or a fair market price was intended by the parties it is not possible to ..... enforce specific performance clause 4 in ext a 1 was intended to value the principal subject of the contract in a specified manner which ..... the respondent has filed a memorandum of cross objection claiming an additional value for the trees based on ext a 3report even in the .....

Anil Starch Products Ltd. Vs. Commissioner of Income-tax, Gujarat

Court : Gujarat

Reported in : [1966]59ITR514(Guj)

..... lord radcliffe in sharkey v wernher that the only fair measure of assessing trading activities in such circumstances was to take the market value at the one hand and the actual sale price ..... newly established industrial undertaking exempted under section 15c 1 entitled to claim actual cost or market value starch manufactured by one department transferred to another department for being used as raw .....

Lionel Edwards Ltd. Vs. State of West Bengal

Court : Kolkata

Reported in : AIR1967Cal191,70CWN452

..... 857 that in the absence of a market value for a vessel the test is what the vessel was fairly worth to her owners as a going ..... occurred and the measure of damages in a replaceable chattel was its market value he has further argued that the plaintiff was under a duty to ..... the damage and should not repair it at a cost exceeding the market value he has in support cited the decision reported in 1963 1 wlr .....

Rukmanibai Khimji Cooverji Vs. Shivnarayan Ram Ashre

Court : Mumbai

Reported in : (1965)67BOMLR692

..... standard rent should be ascertained as regards the land involved by determining fair return on the basis of the market value of the land at the time of the first letting even so ..... standard rent should be ascertained as regards the land involved by determining fair return on the basis i of the market value of the land at the time of the first letting or .....

State of U.P. Vs. Widow of Late L. Janki Das

Court : Allahabad

Reported in : AIR1966All273

..... acquisition act 1894 award of compensation agricultural land situated in municipal area lessor could regarded market value on 1st september 1939 for that land in question which could be treated as potential ..... than the market value of the developed land in the case of air1926bom420 supra the compensation awarded at rs 8 per square yard for developed land was considered to be fair when the .....