Thanthi Trust v. ITO (1973) 91 ITR 261 (Mad) and in the case of British Electrical & Pumps (P) Ltd. v. ITO ... suggestion made by Dr. Kaldor in his "Indian Tax Reform" the government introduced a tax on expenditure through the Expenditure Tax
required to be upheld insomuch as that the CIT(A) has failed to appreciate that the AO was justified in disturbing the method of accounting ... required to be permitted. Reliance was placed on Reform Flour Mills (P) Ltd. v. CIT (1978) 114 ITR 227 (Cal). Our attention was also drawn
Vishnu Bharath in the case of New Victoria Mills Co. Ltd. v. CIT [1966] 61 ITR 395 wherein it is stated that though ... Calcutta High Court in the case of Reform Flour Mills (P.) Ltd. v. CIT [1978] 114 ITR 227 in which the High Court has accepted
whereas the agriculturists in Karnataka cannot do so due
to the Land Reforms Act prevailing in the State. As such an agriculturist in
Karnataka ... meaning of section 2(ea) of the Wealth tax Act,
1957 and not exigible to wealth-tax. Accordingly, we set aside the CWT(A) order
cash method of
accounting:
G PadmanabhaChattivar& Sons vs. CIT 182 ITR 1, 5 (Mad. ),
Reform Flour Mills Pvt. Ltd. vs CIT
decision of the Hon'ble Supreme Court in the
case of CIT Vs K.C.P Limited (SC) 245ITR 421 Dated: 0910812000. Wherein ... method of
accounting - G. Padmanabha Chattiyar & Sons Vs CIT 182 ITR 1,5 (Mad. ), -
Reform Flour Mills Pvt. Ltd., Vs CIT
Eskayef Ltd. vs Deputy Commissioner Of Income-Tax on 15 October, 1998
ORDER
S. Bandyopadhyay
whereas the
agriculturists in Karnataka cannot do so due to the Land
Reforms Act prevailing in the State. As such an
agriculturist in Karnataka ... counter-parts in other States. Had the State Reforms Act
permitted the assessee to sell its agricultural &ands
without conversion to a Corporate
PadmanabhaChettiar& Sons (182 ITR 1,5)(Mad)
( iii) Reform Flour Mills P Ltd vs. CIT (132 ITR 184,
196)(Cal.)
(iv) CIT
auction bit sheets/invoices
has to be assessed to tax as trading receipts, since retention
money is part of sale proceeds only. Hence it constitutes ... Chettiar & Sons (182 ITR 1,5)(Mad)
iii) Reform Flour Mills P Ltd vs. CIT (132 ITR 184, 196)
(Cal.)
( iv) CIT
