Cit V A K - Law Dictionary Search Results
Income
629. Prize money received by the participant in a Motor Rally is 'income' and is liable to tax, CIT v. G.R. Karthikeyan, AIR 1993 SC 1671 (1675). [Income-tax Act, 1961, s. 2(24)] The terms 'income' is elastic and … for the income-tax authorities to show that facts exist which would make it a revenue receipt, Durga Das Khanna v. Commissioner of Income Tax, AIR 1969 SC 775: (1969) 3 SCR 462. 'Income' connotes a periodical monetary
Person
M.M. Ipoh v. Commissioner of Income Tax, AIR 1968 SC 317. Means: (i) an individual who is a citizen of India; (ii) an association of individuals or body of individuals, whether incorporated or not, whose members are … Person, a Hindu Undivided Family is a person, Kshetra Mohan-Sannyasi Charan Sadhukhan v. Commissioner of Excess Profit Tax, West Bengal, AIR 1953 SC 516. According to company
Property
an actionable claim against the tenants is undoubtedly a species of property which is assignable, State of Bihar v. Kameshwar Singh, AIR 1952 SC 252. Comprises every form of tangible property, even intangible, including debts and chooses … undoubtedly a species of property which is assignable, State of Bihar v. Kameshwar Singh, AIR 1952 SC 252. Comprises every form of tangible property, even … make up wealth or estate or status, property, therefore, within the constitutional protection, denotes group of rights infering citizen's relation to physical thing, as right to possess, use and dispose of it in accordance with law. In
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Business
carrying on a particular trade or avocation, it may also include an activity which may be called 'quiescent', CIT v. Calcutta National Bank Ltd., AIR 1959 SC 928 (934): 1960 SCJ 980: (1959) 37 ITR 171: (1959) Supp … affair requiring attention and labour as the chief concern; mercantile pursuits, that one does for livelihood, occupation, employment, Kesavan Nair v. C.K. Babu Naidu, AIR 1954 Mad 892. Though ordinarily 'business' implies a continuous activity in carrying
Information
external source concerning facts or particulars, or as to law relating to a matter bearing on the assessment, CIT v. A. Raman, AIR 1968 SC 49 (51): (1968) 1 SCR 10. [Income-tax Act, 1961, s. 147(1) (b)] Information means … Information, an accusation, or complaint, also, communicated knowledge. Information means any material in any form, including records, documents, memos, e-mails, opinions, advices, press-releases, circulars, orders, logbooks,
Regulate
govern, or direct by rule or regulation; to subject to guidance or restrictions', Himat Lal K. Shah v. Commissioner of Police, AIR 1973 SC 87 (92): (1973) 1 SCC 227: (1973) 2 SCR 266. The word 'regulate'
Income-tax
the additional surcharge whenever provided which are also surcharges within the meaning of Article 271 of the Constitution, Commissioner of Income Tax v. K. Srinivasan, AIR 1972 SC 491: (1972) 4 SCC 526. [Finance Act, (5 of
Suit
appeal, but a regular suit where the parties could independently adduce evidence including the evidence adduced before the Commissioner, K.V. Gopinathan v. Kannankav Devasom Udama, AIR 2004 Ker 288. [See Madras Hindu Religious and Charitable Endowments Act
Surcharge
2 SCC 431. Surcharge, is to charge in addition or to subject to an additional or extra charge, Commissioner of Income Tax v. K. Srinivasan, AIR 1972 SC 491.
Such doubly taxed income
and not the same income under an identical head of income under the Act, K.V.A.L.M. Ramanathan Chettiar v. CIT, AIR 1973 SC 2172 (2181): (1973) 3 SCC 351: (1973) 2SCR 650.
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