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New Delhi Municipal Committee vs Kalu Ram & Anr on 20 April, 1976

], Division Bench of this Court, relying on the judgment of the Supreme Court in the case of New Delhi Municipal Committee v. Kalu Ram [Supra] observed that in the context of section 273A of the Income-tax Act, the word "payable" would mean that the assessee is liable to pay a particular sum as penalty. Even if the liability to pay penalty is discharged, it would not mean that he is not entitled to get relief under section 273A.
Supreme Court of India Cites 6 - Cited by 97 - A C Gupta - Full Document

Commissioner Of Income-Tax vs Bawa Arjan Singh on 11 October, 1968

In the case of Commissioner of Wealth Tax v. Arjan Singh, reported in [2002] 255 ITR 517 [Delhi], Division Bench of Delhi High Court in the context of Wealth Tax Act and the Income-tax Act observed that the words "payable" and "chargeable" are not inter- changeable and they carry different meanings. The assets and property may be chargeable to tax but tax may not be payable having regard to the exemption provided for in the Schedule appended to the Act.
Delhi High Court Cites 17 - Cited by 3 - Full Document
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