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1 - 10 of 12 (0.29 seconds)Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976
Section 2 in Income Tax Rules, 1962 [Entire Act]
Income Tax Rules, 1962
Section 3 in Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976 [Entire Act]
M/S. Sarupchand Hukamchand & Co vs Union Of India And Others on 5 May, 1959
In the case of Sarupchand and Hukumchand v. Union of India [1953] 23 ITR 382, a Full Bench of the Madhya Bharat High Court was required to consider the liability under the Indian Income-tax Act of income accruing to a resident of a Part B State from April 1, 1949, to March 31, 1950. The Full Bench held that though Madhya Bharat was not a taxable territory as respects any period prior to April 1, 1950, it was deemed to be such under the express provision of Section 2(14A) of the Indian Income-tax Act, 1922. Hence, tax was payable under the Indian Income-tax Act in respect of income accruing during the previous accounting year.
Section 7 in Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976 [Entire Act]
Commissioner Of Income-Tax, Madras vs M. V. Murugappan And Others. ... on 18 November, 1965
In the case of CIT v. Valliammai Achi [1938] 6 ITR 720 (Mad), the assessee had sustained a loss in the accounting year 1936-37 in a business carried on in Burma. Burma had ceased to be a part of British India in the assessment year 1937-38. The assessee claimed a set-off in respect of loss sustained by her in Burma in the accounting year 1936-37. The Income-tax Officer refused to allow her this set off on the ground that on April 1, 1937, Burma had ceased to be a part of British India and the loss having been sustained outside British India, it could not be set off.
The Union Of India vs Madan Gopal Kabra on 16 December, 1953
In the case of Union of India v. Madan Gopal Kabra [1954] 25 ITR 58, the Supreme Court was required to consider an assessment under the Indian Income-tax Act, 1922, of income arising in a Part B State in the accounting year ending on March 31, 1950. The Supreme Court relied upon sub-clause (1) of clause (b) of the proviso to section 2(14A) of the Indian Income-tax Act, 1922, under which the whole of the territory of India including Rajasthan was to be deemed taxable territory for the purposes of section 4A as respects any period before or after March 31, 1950. In view of this express provision, the income accruing in the accounting year 1949-50 in Rajasthan was held taxable under the Indian Income-tax Act, 1922.