Calcutta High Court Case Commentaries

Capital Gains and Distributable Surplus: Insights from Commissioner Of Income-Tax v. N. Guin And Co.

Date: May 12, 1978

Capital Gains and Distributable Surplus: Insights from Commissioner Of Income-Tax, West Bengal-III v. N. Guin And Co. Introduction The judgment in Commissioner Of Income-Tax, West Bengal-III v. N....

Retrospective Application of Legislative Amendments: Renuka Pachal v. Chapa Guha Neogy & Ors.

Date: May 9, 1978

Retrospective Application of Legislative Amendments: Renuka Pachal v. Chapa Guha Neogy & Ors. Introduction The case Renuka Pachal v. Chapa Guha Neogy & Ors. adjudicated by the Calcutta High Court on...

Grindlays Bank Ltd. v. Income-Tax Officer: Upholding the Bona Fide Requirement in Issuing Notices under Section 142(1) of the Income-Tax Act

Date: May 9, 1978

Grindlays Bank Ltd. v. Income-Tax Officer: Upholding the Bona Fide Requirement in Issuing Notices under Section 142(1) of the Income-Tax Act Introduction The case of Grindlays Bank Ltd. v. Income-Tax...

Singhal Brothers P. Ltd. v. Commissioner Of Income-Tax: Interpretation of 'Authority' under Section 10(29) IT Act

Date: Apr 29, 1978

Singhal Brothers P. Ltd. v. Commissioner Of Income-Tax: Interpretation of 'Authority' under Section 10(29) IT Act 1. Introduction The case of Singhal Brothers P. Ltd. v. Commissioner Of Income-Tax,...

Calcutta High Court Establishes Principle on Principal-to-Principal Transactions and Tax Liability in Betts Hartley Huett & Co. Ltd. v. Commissioner Of Income-Tax

Date: Apr 27, 1978

Calcutta High Court Establishes Principle on Principal-to-Principal Transactions and Tax Liability in Betts Hartley Huett & Co. Ltd. v. Commissioner Of Income-Tax Introduction The case of Betts...

J.K Industries: Affirming Deductions of Interest and Municipal Taxes for Business-Related Borrowings under Income Tax Act

Date: Apr 21, 1978

J.K Industries: Affirming Deductions of Interest and Municipal Taxes for Business-Related Borrowings under Income Tax Act Introduction The case of Commissioner Of Income-Tax, West Bengal-I v. J.K...

Six-Month Statutory Limit for Inquiry under Section 116 of the Code of Criminal Procedure: Insights from Paresh Chandra Hati & Anr. v. Ahitosh Panda & Anr.

Date: Apr 14, 1978

Six-Month Statutory Limit for Inquiry under Section 116 of the Code of Criminal Procedure: Insights from Paresh Chandra Hati & Anr. v. Ahitosh Panda & Anr. Introduction The case of Paresh Chandra...

Taxation of Non-Resident Income via Representative Assessees: Insights from Income-Tax Officer v. Eastern Scales

Date: Apr 7, 1978

Taxation of Non-Resident Income via Representative Assessees: Insights from Income-Tax Officer v. Eastern Scales Introduction The case of Income-Tax Officer v. Eastern Scales adjudicated by the...

Necessity of Peremptory Notice Before Ex Parte Arbitration Awards: Dipti Bikash Sen v. India Automobiles (1960) Ltd.

Date: Apr 6, 1978

Necessity of Peremptory Notice Before Ex Parte Arbitration Awards: Dipti Bikash Sen v. India Automobiles (1960) Ltd. Introduction The case of Dipti Bikash Sen And Another v. India Automobiles (1960)...

Commissioner Of Income-Tax v. Karam Chand Thapar & Bros. (Coal Sales) Ltd.: Establishing the Non-Taxable Nature of Agency-Based Under-Charges

Date: Apr 6, 1978

Commissioner Of Income-Tax v. Karam Chand Thapar & Bros. (Coal Sales) Ltd.: Establishing the Non-Taxable Nature of Agency-Based Under-Charges Introduction The landmark judgment in Commissioner Of...

Limits of Appellate Authority in Tax Assessments: Analysis of Commissioner Of Income-Tax v. Ananda Bazar Patrika P. Ltd.

Date: Apr 4, 1978

Limits of Appellate Authority in Tax Assessments: Analysis of Commissioner Of Income-Tax v. Ananda Bazar Patrika P. Ltd. Introduction The case of Commissioner Of Income-Tax, West Bengal-I v. Ananda...

Recognition of Monthly Tenancy Rights as Capital Assets: A. Gasper v. Commissioner Of Income-Tax, West Bengal

Date: Mar 31, 1978

Recognition of Monthly Tenancy Rights as Capital Assets: A. Gasper v. Commissioner Of Income-Tax, West Bengal Introduction The case of A. Gasper v. Commissioner Of Income-Tax, West Bengal adjudicated...

Surajmall Gouti v. Controller Of Estate Duty: Proper Valuation of Deceased Partner’s Interest in a Partnership Firm

Date: Mar 28, 1978

Surajmall Gouti v. Controller Of Estate Duty: Proper Valuation of Deceased Partner’s Interest in a Partnership Firm Introduction The case of Surajmall Gouti v. Controller Of Estate Duty, West Bengal...

Commissioner of Income-Tax v. Swadeshi Mining & Manufacturing Co. Ltd.: Valuation of Unquoted Shares and Eligibility for Development Rebate

Date: Mar 22, 1978

Commissioner of Income-Tax v. Swadeshi Mining & Manufacturing Co. Ltd.: Valuation of Unquoted Shares and Eligibility for Development Rebate Introduction The case of Commissioner Of Income-Tax, West...

Shankar Industries v. Commissioner of Income-Tax: Burden of Proof on Assessees for Third-Party Credits

Date: Mar 22, 1978

Shankar Industries v. Commissioner of Income-Tax: Burden of Proof on Assessees for Third-Party Credits Introduction The case of Shankar Industries v. Commissioner Of Income-Tax, Central, Calcutta,...

Clarity in Tax Notices: Insights from Income-Tax Officer v. Chandi Prasad Modi

Date: Mar 18, 1978

Clarity in Tax Notices: Insights from Income-Tax Officer v. Chandi Prasad Modi Introduction Income-Tax Officer v. Chandi Prasad Modi is a pivotal case decided by the Calcutta High Court on March 17,...

Tinsukia Development Corp. Ltd. v. Commissioner Of Income-Tax: Clarifying Income Classification under the Income-tax Act

Date: Mar 17, 1978

Tinsukia Development Corporation Ltd. v. Commissioner Of Income-Tax: Clarifying Income Classification under the Income-tax Act Introduction The case of Tinsukia Development Corporation Ltd. v....

Taxation of Exchange Rate Accretion: Insights from Khandelwal Brothers Pvt. Ltd. v. Commissioner Of Income-Tax, West Bengal-I

Date: Mar 14, 1978

Taxation of Exchange Rate Accretion: Insights from Khandelwal Brothers Pvt. Ltd. v. Commissioner Of Income-Tax, West Bengal-I Introduction The case of Khandelwal Brothers Pvt. Ltd. v. Commissioner Of...

Lease Income from Business Assets Classified as Business Income: Commissioner of Income-Tax v. Katihar Jute Mills (P) Ltd.

Date: Mar 10, 1978

Lease Income from Business Assets Classified as Business Income: Commissioner of Income-Tax v. Katihar Jute Mills (P) Ltd. Introduction In the case of Commissioner Of Income-Tax, West Bengal-I v....

Tara Devi Goenka v. Commissioner Of Income-Tax, West Bengal: Affirmation of Reasonable Presumptions in Wealth Tax Assessments

Date: Mar 10, 1978

Tara Devi Goenka v. Commissioner Of Income-Tax, West Bengal: Affirmation of Reasonable Presumptions in Wealth Tax Assessments Introduction The case of Tara Devi Goenka v. Commissioner Of Income-Tax,...