CiteTEXT
...-earning method was the only method which could be applied.
(Paras 3 to 6)
CWT v. Mahadeo Jalan, (1972) 86 ITR 621...arguments of the parties, but suffice it to state for the present that in taking this view, the Tribunal followed the recent decision of this Court in CWT v. Mahadeo Jalan (...assessees was that the determination of this question was completely covered by a recent decision of this Court in CWT v. Mahadeo Jalan (19...
...CWT v. Mahadeo Jalan, [1972] 86 ITR 621, on the ground that the assessments involved in that case...submitted before us by Shri Kolah, learned counsel for the asses-, see, that the Supreme Court decision in CWT v. Mahadeo Jalan, [...pointed out that following its said decision, the Supreme Court, in a recent decision in Commissioner Of Gift Tax, Bombay v. Smt Kusumben D...
...by the pronouncements of this Court in CWT v. Mahadeo Jalan (1973) 3 SCC 157 and, more particularly, in CGT v. Kusumben...privileged from disclosure. Pointing out the inadequacy of the “break-up value” method this Court in Mahadeo Jalan case (1973) 3 SCC 157 referred with approval to the fo...appeal before the Income Tax Appellate Tribunal, the Tribunal, placing reliance on what it considered to be the principles of valuation appropriate to such cases said to be contained in Lynall v...
...proposition reliance has been placed upon AIR 1969 Assam and Nagaland 103 Mahadeo Jalan v. Commissioner...submissions of the department. For this proposition reliance has been placed upon 1967 SLR SC 759 Tirlok Nath v. Union of India & Ors....; reliance has also been placed upon 1973(1) SLR 321 Collector of Customs v. Mohd. Habibul (Calcutta). The two vouchers in this case W-15 and W-25 were of an amount...
....6. A number of decisions of the Supreme Court were cited before us. Among those to be mentioned are : CWT v. Mahadeo Jalan, [...] 86 ITR 621; Commissioner Of Gift Tax, Bombay v. Smt Kusumben D.... Mahadevia , [1980] 122 ITR 38 and CGT v. Executors and Trustees of the Estate...
...have to be valued according to the yield method as has been specified by the Supreme Court in the cases of CWT v. Mahadeo Jalan, [...CWT v. Mahadeo Jalan, [1972] 86 ITR 621 and CGT v. Smt. Kusumben D. Mahadevia...case of the assessee herself, namely, Sharbati Devi jhalani v. CWT, [1986] 159 ITR 549.3. Learned counsel for the petitioner states that the said decision of this court...
...Tribunal was right in following the order of the Hon'ble Supreme Court in CWT v. Mahadeo Jalan, [19...decisions in CWT v. Sripat Singhania, [1978] 112 ITR 363 (All) and Bharat Hari Singhania v. CWT...
...Commissioner of Wealth-tax v. Mahadeo Jalan, [1972] 86 ITR 621 (SC), that the shares can be valued in the hands of a shareholder-assessee by adopting the recog...shares and their application will depend on the facts and circumstances of each case. In the case of Commissioner of Wealth-tax v. Mohanlal Nopany...of the shares. This decision has been noted by the Supreme Court in the case of Commissioner Of Wealth Tax, Calcutta v. Hindustan Motors...
...the learned counsel for the assessees. They are CWT v. Mahadeo Jalan (1973) 3 SCC 157...to examine the ratio of the said decisions to find out whether they do in fact support their contentions.16. Mahadeo Jalan....19. Now, let us examine the principles enunciated in Mahadeo Jalan (1973) 3 SCC 157, (1972...
...accountable person drew our attention to the famous decision in CWT v. Mahadeo Jalan (...:
"What the Supreme Court meant when it said in the case of
CWT v. Mahadeo Jalan (
1972...would be yield method as has been approved of by the Supreme Court in the two cases of Mahadeo Jalan (Supra) and Smt. Kusumben D. Mahadevia (supra). The department cannot be allowed to argue Heads I win...
...on the decisions of the Supreme Court in the case of CWT v. Mahadeo Jalan, [1972...] 86 ITR 621 (SC) and in the case of Commissioner Of Gift Tax, Bombay v. Smt Kusumben D. Mahadevia...corresponding provision of Schedule III to the Wealth-tax Act, 1957. This court has held in CWT v. India Exchange Traders' Association...
...CWT v. Mahadeo Jalan 1972 CTR (SC) 395 : (1972) 86 ITR 621 (SC) and CGT ...CWT v. Mahadeo Jalan (supra) and Commissioner Of Gift Tax, Bombay v. Smt Kusumben D. Maha...representative, Shri Kamat, on the authority of the Hon'ble High Court of Kerala in the case of CWT v. Mammon Varghese (1980) 15 CTR...
...court in CWT v. Mahadeo Jalan, [1972] 86 ITR 621, that, for the aforesaid...litigation involving the assessee. This court also had occasion to deal with the dispute and vide its decision in Shanti Prasad Jain v...CWT v. Laxmipat Singhania, [1978] 111 ITR 272. It was held that the well-accepted method of valuing an unquoted equity share...
....Reliance was placed by the assessee on the decisions in CWT v. Mahadeo Jalan [...CWT v. Mahadeo Jalan [1972] 86 ITR 621 and...tune with the decision of the Hon’ble Supreme Court in the cases of Smt. Kusumben D. Mahadevia (supra) and Mahadeo Jalan ( supra). There also, on identical facts with the same set of circumstances, an...
...doing so, mentioned in his order that the decision of the Supreme Court in the case of CWT v. Mahadeo Jalan, [...Commissioner of Income-tax (Appeals) observed that although the Calcutta Bench of the Tribunal has held in a recent judgment that rule ID was directory, the Kerala High Court in CWT v. Mamman...Varghese, [1983] 139 ITR 351 and the Allahabad High Court in CWT v. Sripat Singhania...
...CWT v. Mahadeo Jalan [1972...correct method in valuing such shares would be the method as approved by the Supreme Court in CWT v. Mahadeo Jalan [.... Mahadevia (supra) and Mahadeo Jalan ( supra). There also, on identical facts with the same set of circumstances, an action under section 25(2) was resorted to by the learned Commissioner and the said order...
..., respectively, and for the purposes of this valuation which was submitted at the time of hearing before the WTO, reliance was placed on the decision of the Supreme Court in CWT v. Mahadeo Jalan [...main question in this case is whether the circular of the Board dated October 31, 1967, is superseded by the subsequent decision of the Supreme Court in CWT v. Mahadeo Jalan [...the persons employed in the execution of the W.T. Act.
14. In CWT v. Mahadeo Jalan [1972] 86 ITR 621...
...assessment, inter alia, on the ground that the method of valuation adopted by the Valuation Officer was not correct, in view of the decision of the Apex court in CWT v. Mahadeo Jalan ( ...to the conclusion that there has been no understatement of value of shares declared by the assessee, the Tribunal has relied on the decision of the Supreme Court in K.P. Varghese v...
...case the AAC erred in law as well as in facts in interpreting the ration of the principle decided in the case of CWT v. Mahadeo Jalan [1972...deciding the case of Mahadeo Jalan (supra). He, therefore, urged that the AAC was entirely wrong in applying the principle laid down by the Supreme Court in the case of Mahadeo Jalan (supra) while determining the v...Jalan (supra) so also on the basis of the decision of the Bombay High Court in the case of Smt. Kusumben D. Mahadevia v. CWT...
...CWT v. Mahadeo Jalan, [1972] 86 ITR 621, the controversy in these proceedings stands determined...Attorney-General of Ceylon v. Mackie, [1952] 2 All ER 775 (PC), a valuation by reference to the assets would be justified where as in that case the fluctuations of profits and uncertainty...