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1 - 10 of 13 (0.25 seconds)Section 2 in Income Tax Rules, 1962 [Entire Act]
Wilfred Pereira Ltd. vs Commissioner Of Income-Tax, Madras. on 13 November, 1963
This court held, following Wilfred Pereira Ltd. v. Commissioner of Income-tax [1964] 53 ITR 747 (Mad), that the word "transfer" in Section 12B included both a transfer by act of parties and a transfer by operation of law.
Vadilal Soda Ice Factory vs Commissioner Of Income-Tax, Gujarat Ii on 10 September, 1970
There are decisions of other courts also taking the same view and they are Vadilal Soda Ice Factory v. Commissioner of Income-tax [1971] 80 ITR 711 (Guj), Mangalore Electric Supply Co. Ltd. v. Commissioner of Income-tax and Commissioner of Income-tax v. Shri Krishan Chandmal [1963] 47 ITR 833 (MP).
Mangalore Electric Supply Co. Ltd. (In ... vs Commissioner Of Income-Tax on 25 August, 1971
There are decisions of other courts also taking the same view and they are Vadilal Soda Ice Factory v. Commissioner of Income-tax [1971] 80 ITR 711 (Guj), Mangalore Electric Supply Co. Ltd. v. Commissioner of Income-tax and Commissioner of Income-tax v. Shri Krishan Chandmal [1963] 47 ITR 833 (MP).
Commissioner Of Income-Tax, Madhya ... vs Shrikrishan Chandmal And Another. on 23 March, 1962
There are decisions of other courts also taking the same view and they are Vadilal Soda Ice Factory v. Commissioner of Income-tax [1971] 80 ITR 711 (Guj), Mangalore Electric Supply Co. Ltd. v. Commissioner of Income-tax and Commissioner of Income-tax v. Shri Krishan Chandmal [1963] 47 ITR 833 (MP).
Calcutta Electric Supply Corporation ... vs Commissioner Of Income-Tax on 18 January, 1951
Learned counsel for the assessee contended that a different view had been taken in Calcutta Electric Supply Corporation Ltd. v. Commissioner of Income-tax [1951] 19 ITR 406 (Cal). That was also a case of acquisition of an electricity supply undertaking, but at the relevant time when the acquisition was effected, the expression "transfer" had not been incorporated in Section 12B of the Indian Income-tax Act, 1922, with the result that the court had no occasion to go into the question as to whether there was a transfer as a result of the compulsory acquisition of the undertaking. In that case, it was held that the word "sale" referred only to a transaction entered into voluntarily between two persons known as the buyer and the seller by which the buyer acquires property of the seller for an agreed consideration known as a price. The question of transfer not having been in issue in that case, that decision would not be of assistance to the assessee on the point now under consideration. In the result we have to answer the first question in each of these references in the affirmative and against the assessee.