Wealth - Judgment Search Results

Cumi Employees' Welfare Trust Vs. Wealth-Tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

..... learned departmental representative contended that while applying the provisions of section 4 5 of the wealth tax act the crucial question which calls for interpretation is when the power to revoke ..... the said retrospective effect of the provisions of section 40a 11 will certainly affect the wealth tax liability of the assessee trust donee trust inasmuch as the unutilised amount which otherwise .....

Rattan Chand Oswal Vs. Wealth Tax Officer

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (1999)63TTJ(Chd.)96

..... direct taxes on first appeal learned counsel pleaded that the wealth tax officer should have charged interest year after year and ..... separately he also submitted that there was no prohibition under the wealth tax act rules for application of the corresponding provisions of ..... overlooking letter dated 5 7 1982 seeking adjustment of refund against wealth tax demand for assessment year 1982 83 it is also .....

Sriram Kapur Vs. Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

of wealth for the asst yr 1991 92 disclosing net wealth of rs 10 78 700 in the aforesaid declared wealth

Wealth-tax Officer Vs. Aditya Narula

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1999)68ITD61(Kol.)

..... the assessing officer accepted the assessee s computation of net wealth wherein the value of this immovable property was determined by ..... the aforesaid provision embraces within its fold the escarpment of wealth from assessment whether by reason of under assessment or ..... order the assessing officer s belief regarding the escarpment of wealth from assessment may as well emanate from the facts already .....

Wealth-tax Officer Vs. Walaiti Ram (Huf)

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (1998)66ITD46(Asr.)

..... of the appellate tribunal in accordance with section 24 11 of the wealth tax act 1957 read with section 244 4 of the income tax ..... the value of property which has been given on rent under the wealth tax act the value of the property is to be determined as ..... in respect of the property sub section 2 of rule 1bb of wealth tax rules lists the deductions allowable from gross maintainable rent as defined .....

Wealth Tax Officer Vs. Walaiti Ram (Huf)

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (1998)62TTJ(Asr.)408

..... 33 per cent from the gross rent received by the assessee the wealth tax officer determined the value of the properties at 12 times of ..... the value of property which has been given on rent under the wealth tax act the value of the property is to be determined as ..... respect of the property sub section 2 of rule 1 bb of wealth tax rules lists the deductions allowable from gross maintainable rent as defined .....

Commissioner of Income-tax Vs. M.P. Narayanan

Court: Chennai

Reported in: [2000]244ITR528(Mad)

..... 17 660 after the completion of the original assessment under the wealth tax act but the tribunal found that the explanation offered by ..... value of the silver ware in the original return though the wealth tax officer as well as the appellate assistant commissioner had not ..... such a finding when the matter was not considered by the wealth tax officer or by the appellate assistant commissioner or whether the .....

Commissioner of Wealth Tax Vs. Trustees of Sahebzadi Anwar Begum Trust ...

Court: Andhra Pradesh

Reported in: 1999(1)ALD747; 1998(6)ALT806; [1998]234ITR282(AP)

..... her favour by trust deed head note income tax wealth tax net wealth asset belonging to assessee interest of beneficiary in shares ..... sense he enhanced the assessment and directed recomputation of the wealth while rejecting the plea of the appellant assessee the ..... involved therein was quite different the tribunal further held that wealth tax officer having opted direct assessment on the beneficiary and .....

Commissioner of Wealth-tax Vs. Amirthammal (Legal Heir of Late S.A. Su ...

Court: Chennai

Reported in: [2000]245ITR261(Mad)

..... clubbing of income section 4 1 and schedule rule 17 of wealth tax act 1957 assessee was individual executed deed creating life ..... husband assessing officer excluded value of life interest from the net wealth of assessee commissioner exercised revisionary jurisdiction and held that value ..... of life interest shall be included in the net wealth of assessee tribunal took the view that value of life .....

B. Virdhagiri Vs. Commissioner of Wealth-tax

Court: Chennai

Reported in: (2003)181CTR(Mad)507; [2003]260ITR292(Mad)

..... in the capital account of the retiring partner and the wealth tax officer should have determined the value of the business ..... the revenue submitted that since the goodwill was not purchased the wealth tax officer was right in taking into account the market ..... rules were to replace the vagaries of the discretion of the wealth tax officer of determining the circumstances in which certain adjustments .....