Co Ltd V Commissioner - Law Dictionary Search Results
Income
monetary return 'coming in' with some sort of regularity, or expected regularity from definite sources, E.D. Sassoon and Co. Ltd. v. Commissioner of Income Tax, AIR 1954 SC 470: (1955) 1 SCR 313. The expression 'income' in entry 54 of
Rate
not directly related to taxable income, it maybe called tax computed at a certain rate, Sundaram Co. (Private) Ltd. v. Commissioner of Income-tax, AIR 1968 SC 124: (1967) 3 SCR 798. A Municipality cannot impose a tax, but it … it can impose rate on the annual letting value of the lands or buildings, Century Spinning and Manufacturing Co. Ltd. v. District Municipality of Ulhasnagar, AIR 1968 SC 859: (1968) 2 SCR 211. Includes any fare, freight or any
Sale price
the valuable consideration given by the purchasers for the goods purchased by him, Delhi Cloth and General Mills Co. Ltd. v. Commissioner of Sales Tax, AIR 1971 SC 2216: (1971) 2 SCC 559: (1971) Supp SCR 945. (iii) 'sale price'
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Reserve
Profits Tax Act connotes, was considered by this Court in Commissioner of Income-tax v. Century Spinning & Manufacturing Co. Ltd., 1954 SCR 203. It was held that the true nature and character of a sum disputed as reserve … nature of the two reserves are different. They are intended to serve two different purposes, Indian Overseas Bank Ltd. v. Commissioner of Income Tax, AIR 1970 SC 1530: (1970) 2 SCC 4: (1971) 1 SCR 348. In its ordinary
Judgment
law referred to it and the grounds on which such decision is based, Petlad Turkey Red Dye Works Co. Ltd. v. Commissioner of Income Tax, AIR 1963 SC 1484: (1963) Supp 1 SCR 871. [Income Tax Act, 1922, s. 66(5)]
Building
within a restrictive covenant, Nussey v. Provincial Bill Posting Co., (1909) 1 Ch 734; Stevens v. Willing & Co. Ltd., 1929 WN 53. See also Paddington Corporation v. Attorney-General, 1906 AC 53. With regard to the (English) Disused … business activity of the assessee and would be building within the meaning of s. 32 of the Act, CIT v. Gwalior Royan Sild Mfg. Co. Ltd, (1992) 3 SCC 326: AIR 1992 SC 1782 (1788). (Income-tax Act,
Goodwill
service is run and what the competition is, contribute also to the goodwill. S.C. Cambatta and Co. Pvt. Ltd. v. Commissioner of Excess Profits Tax, AIR 1961 SC 1010 (1012): (1961) 2 SCR 805. Goodwill denotes the benefit arising
Paid
s. 16 (2)] The obligation to pay is fulfilled by making an offer of payment, Straw Board Manufacturing Co. Ltd. v. Govind, AIR 1962 SC 1500. … company discharges its liability and makes the amount of dividend unconditionally available to the member, Benaras State Bank Ltd. v. Commissioner of Income-tax, AIR 1970 SC 281. [Income Tax Act, 1922 s. 16 (2)] The obligation to pay is
Employee
definition of 'employee' need not necessarily be directly connected with the main industry, Ahmedabad Mfg. and Calico Ptg. Co. Ltd. v. Ramtkhel Ramanand, AIR 1972 SC 1598 (1606). [Bombay Industrial Relations Act, (11 of 1947), s. 3(13)] … the case of an apprentice engaged under the Apprentices Act or under the standing orders, Regional Provident Fund Commissioners v. Central Arecanut and Coca Marketing and Processing Co-operative Ltd., (2006) 2 SCC 381. Means any person (other
Surcharge
or current dues. It is in substance an addition to the stipulated rates of tariff, Bisra Stone Lime Co. Ltd. v. Orissa State Electricity Board, AIR 1976 SC 127 (130). [Electricity (Supply) Act (54 of 1948), s. 49] The … 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.
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