Judgment Search Results Home > Cases Phrase: patents act 1970 39 of 1970 section 150 security for costs Court: income tax appellate tribunal itat madras Year: 1985 Page 1 of about 1 results (0.271 seconds)

Meccano Industries (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1985)14ITD151(Mad.)

..... from the decision of the madras high court in cit v. k. rathnam nadar [1969]71 itr 433 and of the calcutta high court in cit v. chmilal prabhudas & co. [1970] 76 itr 566. in k. rathnam nadar's case (supra) (being a madras high court decision, the ratio is binding on us) dealing with the question of goodwill, the madras ..... documents to the individual purchasers. the transfer that was effected by the appellant was transfer of a capital asset as defined under section 2(47) of the income-tax act, 1961 ('the act') and not a piece of agricultural land. the property purchased on 11-2-1959 for rs. 30,000, when sold seven years later and that too only a ..... earlier, the general nature or character of the land is such that it can be regarded as agricultural land.... (p. 619) 7. in cwt v. narandas motilal [1971] 80 itr 39, the gujarat high court considered the question in the context of its earlier decision in rasiklal chimanlal nagri's case (supra) and held that the land was agricultural land. they .....