Wealth - Year 1995 - Judgments

Apr 18 1995 (TRI)

Rajathdri Hotel (P.) Ltd. Vs. Wealth-tax Officer.

Court: Income Tax Appellate Tribunal ITAT Pune

Decided on: Apr-18-1995

Reported in: (1995)54ITD579(Pune.)

..... a partnership firm such capital investment could not be subjected to wealth tax under the finance act 1983 it was further contended before ..... finance act 1983 read with relevant and applicable provisions of the wealth tax act so far as the reference by the learned departmental ..... does not require any definition of the term asset or net wealth this is so far as the argument of the learned departmental .....

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Jul 13 1995 (TRI)

Magniram Baijnath Vs. Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Patna

Decided on: Jul-13-1995

Reported in: (1996)56ITD97(Pat.)

..... it must follow that once the asset is included in the net wealth wealth tax is also chargeable 14 we may mention that if the ..... distinct it was possible that assets were included in the net wealth but wealth tax was not be payable as was evident from sub section ..... section 2 where certain assets would be included in the net wealth but wealth tax shall not be payable on them in our opinion the .....

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Jul 17 1995 (HC)

J.K. Charitable Trust Vs. Wealth-tax Officer and ors.

Court: Allahabad

Decided on: Jul-17-1995

Reported in: (1997)139CTR(All)114; [1996]222ITR523(All)

..... was alleged that there was no material on record that the wealth of the petitioner has escaped assessment and therefore the condition ..... for the exercise of the powers under section 17 of the wealth tax act was absent and consequently the proceedings for the valuation ..... and was not entitled to exemption under the income tax and wealth tax acts and that the controversy between the parties about the .....

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Apr 26 1995 (HC)

Mohamed Nasim Abdul Razak Mistry Vs. Wealth-tax Officer

Court: Gujarat

Decided on: Apr-26-1995

Reported in: (1995)128CTR(Guj)41; [1995]216ITR104(Guj)

..... favour of one payal co operative housing society the commissioner of wealth tax baroda issued notice to the assessee on october 10 ..... august 15 1981 set aside the assessment order and directed the wealth tax officer to reframe the assessment orders after referring to ..... appeals and by holding that the valuation adopted by the wealth tax officer required to be restored considering the provisions of .....

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Jun 16 1995 (TRI)

S. Paramjit Singh Vs. Wealth-tax Officer.

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Decided on: Jun-16-1995

Reported in: (1995)55ITD331(Chd.)

..... or mainly used for residential purposes whereas schedule iii to the wealth tax act was applicable in respect of all immovable properties the ..... the tribunal held that rules contained in schedule iii to the wealth tax act were procedural in nature and thus retrospective in ..... were substantially the same as contained in rule 1bb of the wealth tax rules except that the provisions of schedule iii applied to .....

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Oct 31 1995 (TRI)

H.H. Maharaja Daljitsingh Vs. Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on: Oct-31-1995

Reported in: (1996)58ITD91(Ahd.)

..... ground are that all the concerned assessees filed their returns of wealth for assessment years 1986 87 amp 1987 88 in which this ..... a involve consideration of points relating to non deduction of outstanding wealth tax and income tax liabilities or it relates to alleged invalidity ..... any consequential delays in the filling of the same assessee s wealth tax return was for reasonable cause or not in the head .....

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Dec 21 1995 (HC)

Noshirwan and ors. Vs. Wealth-tax Officer and anr.

Court: Madhya Pradesh

Decided on: Dec-21-1995

Reported in: [1996]222ITR302(MP)

..... orders of assessment the petitioners filed separate appeals before the appellate assistant commissioner of wealth tax but these appeals were rejected by the appellate assistant commissioner vide order dated ..... assessment notices also are beyond jurisdiction as the petitioners had already disclosed all their wealth therefore there is no concealment on the part of the petitioners as they have .....

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Jun 16 1995 (TRI)