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1 - 10 of 40 (0.36 seconds)The Urban Land (Ceiling And Regulation) Act, 1976
G. Venkataswami Naidu And Co. vs Commissioner Of Income-Tax, Madras on 18 April, 1955
In Venkataswami Naidu v. CIT(35 ITR
594, 609-10), purchase of lands by managing agents with
the sole object of reselling them to the managed company
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at a profit was held by the Supreme Court, on the facts of
the case, to constitute an adventure in the nature of
trade.
Commissioner Of Income-Tax, West ... vs Premji Bhimji on 9 March, 1967
A
landlord may lay out part of his estate with roads and
sewers and sell it in lots at various times for building, but
if he does this as a landed proprietor and not as a land
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speculator, the sales would be on capital account
((Hudson v Stevens 5 TC 424, 436-8 (CA); Gajalakshmi v
CIT 22 ITR 502; CIT v Premji 113 ITR 785; Kaur Singh v
CIT 502; CIT v Premji 113 ITR 785; Kaur Singh v CIT
144 ITR 756; CIT v Nathuram 151 ITR 767; CIT v Jolly
169 ITR 72; CIT v Mohammed Mohindeen 176 ITR 393).
...
Maj. Gen. (Retd.) Kanwarjit Singh Gill ... vs Assistant Commissioner Of Income Tax on 14 September, 2005
A
landlord may lay out part of his estate with roads and
sewers and sell it in lots at various times for building, but
if he does this as a landed proprietor and not as a land
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speculator, the sales would be on capital account
((Hudson v Stevens 5 TC 424, 436-8 (CA); Gajalakshmi v
CIT 22 ITR 502; CIT v Premji 113 ITR 785; Kaur Singh v
CIT 502; CIT v Premji 113 ITR 785; Kaur Singh v CIT
144 ITR 756; CIT v Nathuram 151 ITR 767; CIT v Jolly
169 ITR 72; CIT v Mohammed Mohindeen 176 ITR 393).
...
Commissioner Of Income-Tax vs Saraswati Industrial Syndicate Ltd. on 15 April, 1975
"Land and buildings.- Where an individual inherits or
otherwise acquires land and deals with it as an owner, he
may be regarded as holding it as an investment rather
than as something with which to trade(Dolores v. Comr
of Taxation 82 ITR 272 (PC); CIT v Raunaq Singh 85
ITR 220; CIT v Thiagarajan 129 ITR 115; CIT v.
Saraswati 137 ITR 656; IR v Reinhold 34 TC 389;
Williams v Davies 26 TC 371, 15 ITR Suppl 50); and the
same principle applies to a company incorporated for the
purpose of management of a family estate (Ukhara v CIT
120 ITR 549 (SC).
Ukhara Estate Zamindaries (Pvt.) Ltd vs Commissioner Of Income-Tax, West ... on 19 September, 1979
"Land and buildings.- Where an individual inherits or
otherwise acquires land and deals with it as an owner, he
may be regarded as holding it as an investment rather
than as something with which to trade(Dolores v. Comr
of Taxation 82 ITR 272 (PC); CIT v Raunaq Singh 85
ITR 220; CIT v Thiagarajan 129 ITR 115; CIT v.
Saraswati 137 ITR 656; IR v Reinhold 34 TC 389;
Williams v Davies 26 TC 371, 15 ITR Suppl 50); and the
same principle applies to a company incorporated for the
purpose of management of a family estate (Ukhara v CIT
120 ITR 549 (SC).
Sri Gajalakshmi Ginning Factory Ltd., ... vs The Commissioner Of Income-Tax, Madras on 15 April, 1952
A
landlord may lay out part of his estate with roads and
sewers and sell it in lots at various times for building, but
if he does this as a landed proprietor and not as a land
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speculator, the sales would be on capital account
((Hudson v Stevens 5 TC 424, 436-8 (CA); Gajalakshmi v
CIT 22 ITR 502; CIT v Premji 113 ITR 785; Kaur Singh v
CIT 502; CIT v Premji 113 ITR 785; Kaur Singh v CIT
144 ITR 756; CIT v Nathuram 151 ITR 767; CIT v Jolly
169 ITR 72; CIT v Mohammed Mohindeen 176 ITR 393).
...
Commissioner Of Income-Tax vs A. Mohammed Mohideen on 16 November, 1988
A
landlord may lay out part of his estate with roads and
sewers and sell it in lots at various times for building, but
if he does this as a landed proprietor and not as a land
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VBC 15/18 itr325.97-24.4
speculator, the sales would be on capital account
((Hudson v Stevens 5 TC 424, 436-8 (CA); Gajalakshmi v
CIT 22 ITR 502; CIT v Premji 113 ITR 785; Kaur Singh v
CIT 502; CIT v Premji 113 ITR 785; Kaur Singh v CIT
144 ITR 756; CIT v Nathuram 151 ITR 767; CIT v Jolly
169 ITR 72; CIT v Mohammed Mohindeen 176 ITR 393).
...
P. M. Mohammad Meerakhan vs Commissioner Of Income-Tax, Ernakulam on 12 February, 1969
However, the circumstances of a case may indicate that
the land is acquired, developed and sold in plots by way
of a venture in the nature of trade (Rameshwar v CIT 42
ITR 179 (SC); Mohammed Meerakhan v CIT 73 ITR 738
(SC); Seth v CIT 74 ITR 852; Baijnath v CIT 91 ITR 208;