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Section 40 - Judgment Search Results

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Aug 21 1980 (HC)

Commissioner of Income-tax, Gujarat-iii Vs. Sajjanraj Divanchand

Court: Gujarat

Reported in: (1981)21CTR(Guj)26; [1980]126ITR654(Guj)

..... was as held by the tribunal allowable as deduction in view of section 40 b of the income tax act 1961 2 in this case we ..... must be allowed and it cannot be disallowed under s 40 b of the act section 40 b merely looks to the fact of payment of interest ..... pay the costs of this reference to the assessee direct taxation interest section 40 b of income tax act 1961 interest paid to hindu undivided family .....

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Jan 12 1983 (HC)

Commissioner of Income-tax, Nasik Vs. Pannalal Hiralal and Co.

Court: Mumbai

Reported in: (1983)36CTR(Bom)414; [1984]146ITR549(Bom)

..... the case and in law the tribunal was right in holding that the provisions of section 40 b of the income tax act 1961 are not applicable to the interest payment made ..... is a partner qua partnership interest paid in individual capacity of partner held provisions of section 40 b not applicable to interest paid to partner in his individual capacity 5 the interest .....

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Jan 22 1982 (HC)

Sanghi Motors Vs. Commissioner of Income-tax, Delhi

Court: Delhi

Reported in: (1982)29CTR(Del)182; ILR1982Delhi990; [1982]135ITR359(Delhi)

..... partner does not in any way condition the applicability of s 40 b 5 section 40 and 67 deal with two different situations the former is ..... and bonus paid to this partner by applying the provisions of section 40 b of the income tax act 1961 the matter was referred ..... court and deciding the references in favor of the respondents 1 section 40 deals with the assessment of a firm and the principle on .....

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Mar 20 1981 (HC)

Venkatesh Emporium Vs. Commissioner of Income-tax, Tamil Nadu

Court: Chennai

Reported in: [1982]137ITR593(Mad)

..... counsel s fee rs 500 one set direct taxation interest section 40 of income tax act 1961 whether appellate tribunal right in ..... holding that payment of interest should be added back under section 40 b interest paid by firm not for anything done or ..... case tribunal not justified in adding back payment of interest under section 40 b the transactions themselves are the family s transactions and .....

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Apr 11 1997 (HC)

Commissioner of Income-tax Vs. Lucas Tvs Limited.

Court: Chennai

Reported in: (1998)144CTR(Mad)449; [1997]226ITR281(Mad)

..... remuneration perquisites or benefits for purpose of determining ceiling under section 40 c section 10 6 vii a provides that in case of approved ..... p 2816 observed as under employee director posted outside india sec 40 c does not envisage the case of an employee director ..... be taken into consideration for applying the ceiling under section 40 c read with section 40a 5 it cannot be on the entire salary .....

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Mar 12 1982 (HC)

Bombay Burmah Trading Corporation Ltd. Vs. Commissioner of Income-tax, ...

Court: Mumbai

Reported in: (1983)32CTR(Bom)306; [1984]145ITR793(Bom); [1983]12TAXMAN178(Bom)

..... by virtue of second proviso to section 40 c iii provisions of section 40 c iii not attracted no disallowance under section 40 c iii permissible question answered in ..... case the claim of the assessee that for the purposes of section 40 c iii of the income tax act 1961 what is to ..... facts and in the circumstances of the case the provisions of section 40 c iii of the income tax act 1961 applied in the .....

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Sep 27 1995 (HC)

T.T.V. Dinakaran and Another Vs. the Enforcement Officer, Enforcement ...

Court: Chennai

Reported in: 1997CriLJ130; 1997(57)ECC25

..... also not in the position of an accused and the issue of summons contemplated under section 40 is designed to facilitate the investigatory process by examination without any restriction of person ..... orders are necessary in the miscellaneous petitions 26 appeals dismissed foreign exchange regulation summons under section 40 calling upon a person to appear before authorities to give evidence and or to .....

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Sep 07 1991 (HC)

Commissioner of Income-tax Vs. Abdul Rehman and Sons

Court: Gujarat

Reported in: [1993]199ITR709(Guj)

..... the interest paid to the bank could not have been disallowed under section 40 b 3 mr m j thakore learned counsel for the revenue ..... paid to the bank could not have been disallowed as deduction under section 40 b we therefore agree withe the view taken by the tribunal ..... paid to the bank was required to be added back under section 40 b the assessee having failed in appeal before the appellate assistant .....

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Dec 12 1963 (HC)

Patel Mangalbhai Nathabhai and ors. Vs. State of Gujarat, Revenue and ...

Court: Gujarat

Reported in: AIR1964Guj82; (1964)0GLR329

..... the appropriate government nor unless the company shall have executed the agreement mentioned in section 41 section 40 i as it stood prior to the amendment provided that the appropriate government shall ..... the appropriate government nor unless the company shall have executed the agreement mentioned in section 41 section 40 i as it stood prior to the amendment provided that the appropriate government .....

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Feb 11 1972 (HC)

Barot Chhabaji Mohanji and ors. Vs. Patel Joitaram Umedram and ors.

Court: Gujarat

Reported in: AIR1973Guj173; (1973)0GLR84

..... order that the parties should bear their own costs throughout 10 appeal allowed property possession section 40 of bombay agricultural debtor s relief act 1967 no person other than alienator himself can ..... sale being in legal capacity to raise such plea cannot interfere transaction in contravention of section 40 void for all purpose irrespective of question as to whether its validity was challenged by .....

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