Cit V Raj - Law Dictionary Search Results
Actus curiae neminem gravabit.
occupied but for that mistake, Jang Singh v. Brij Lal, (1964) 2 SCR 145, (para 16); See Also CIT v. B. N. Bhattacharjee, (1979) 4 SCC 121: AIR 1979 SC 1725; Raj Kumar Dey v. Taropado Dey, (1987)
Question of fact, mixed question of law and fact
ultimate conclusion has to be drawn by applying principles of law to basic findings, Meenakshi Mills, Madurai v. Commissioner of Income-tax, Mardas, AIR 1957 SC 49 followed Krishnawati v. Hans Raj, (1974) 1 SCC 289: AIR 1974
In the opinion of Income Tax Officer
employed and to determine whether the income, profits and gains of the assessee could properly be deduced therefrom, CIT v. A. Krishnaswamy Mudaliar, AIR 1964 SC 1843: (1964) 7 SCR 776. (Income-tax Act, 1922, s. 13
Keep your definitions linked to case research
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 … from which the assessee obtains benefit of the commodity may be deemed to give rise to income, S.S. Rajalinga Raja v. State of Madras, AIR 1967 SC 814: (1967) 1 SCR 950. It would not, however, be
Earned surplus
the account 'earned surplus' cannot be regarded as mere unallocated profits at the end of the accounting year, CIT v. Standard Vacuum Oil Company, AIR 1966 SC 1393: (1966) 2 SCR 367. [Business Profits Tax Act, 1947, Sch.
Charitable purpose
carrying on of any activity for profit' which qualify or govern the last head of charitable purpose. In CIT v. Andhra Chamber of Commerce, (1965) 55 ITR 722, a case decided by the Supreme Court under the 1922 … the proof of any of the three conditions, namely, relief of the poor, education, or medical relief, P.C. Raja Ratnam Institution v. Municipal Corporation of Delhi, AIR 1990 SC 816 (817). [Delhi Municipal Corporation Act, 1957, s.
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 … the referee may make is nevertheless information within the purview of s. 20, Hirachand Kothari v. State of Rajasthan, AIR 1985 SC 998 (1001): (1985) Supp SCC 17. [Evidence Act, 1872, s. 20] The expression 'information' in
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 … manufacture adventure or concern ....... [Rajasthan Sales Tax Act, 1954, s. 2(cc)], Gopal Industries Ltd. v. State of Rajasthan, AIR 1971 SC 2054 (2057): (1971) 2 SCC 532. The expression 'business', as observed by Shah, J. speaking
Plant
338 (344): (1986) 1 SCC 11. (Income-tax Act, 1961, s. 32) Theatre building cannot be considered a plant, CIT v. Raiban & Sons, (2002) 10 SCC 381: AIR 2002 SC 443. (Income Tax Act, 1961, s. 32) The
Reserve
ordinary meaning the expression 'reserve' means something specifically kept apart for future use or for a specific occasion, CIT v. Standard Vacuum Oil Ltd., AIR 1966 SC 1393 (1401): (1966) 2 SCR 367. [Business Profits Tax Act, 1947,
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