Case Laws |
Home Case Index All Cases Income Tax Section Wise 1990 1990 (11) This
|
Advanced Search Options
Case Laws
Showing 381 to 382 of 382 Records
-
1990 (11) TMI 2 - SC ORDER
Advance Tax, Penalty ... ... ... ... ..... rned counsel for the Revenue. He has taken us through the judgment of the High Court (CIT v. Kohinoor Flour Mills 1975 99 ITR 54 (Guj)) and various other documents on there cord. The High Court, in a detailed discussion of various, provisions of the Income-tax Act, has come to the conclusion that the assessee was entitled to claim the deduction of payment of tax of Rs. 1,83,000 made on March 26, 1965, for arriving at the basis for imposing penalty. The question was answered in the negative and, against the Revenue. We agree with the reasoning and the conclusion reached by the High Court. The appeal is, therefore, dismissed with no order as to costs.
-
1990 (11) TMI 1 - SUPREME COURT
Assessee got compensation of acquisition of his asset - includibility of compensation in net wealth - present value of the future compensation will, have to be determined on a consideration of all relevant aspects that may be put forward before the Tribunal - assessee's right to receive compensation estimated in accordance with proper principles can be included in the net wealth of the assessee
....
|
|