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1 - 9 of 9 (0.23 seconds)Section 45 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 2 in The Coinage Act, 2011 [Entire Act]
Section 28 in The Coinage Act, 2011 [Entire Act]
Commissioner Of Income Tax, Cochin vs Mrs. Grace Collis And Ors on 23 February, 2001
54. Having been taken through the provisions of section 2(47) of the Act
and decision Commissioner of Income Tax, Cochin v. Mrs. Grace Collis
and Ors, 2001(4) SRJ 37, by both the sides, there is no merit in the
contention raised on behalf of the department that this is not a case of
"transfer" within the meaning of section 2(47) of the Act.
Section 47 in The Income Tax Act, 1961 [Entire Act]
Commissioner Of Income Tax (Large Tax ... vs M/S Reliance Industries Ltd on 2 January, 2019
In the same paragraph, the ratio decidendi recorded in Reliance
Industries Limited case was relied on that where there is finding of fact that
interest free funds available to the assessee were sufficient to meet to its
investment, it will be presumed that investments were made from such
interest free funds, and accordingly, only this very ground, the claim of
interest claimed u/s 36(1) (iii) of the Act was allowed as regards the
abovesaid three assessment years.
Orient Trading Co. Ltd. vs Commissioner Of Income-Tax (Central), ... on 30 August, 1962
In the case of Orient Trading Co. Ltd. v. CIT [1997] 224 ITR 371 1 referred to by
the appellant, the Hon'ble Supreme Court held that the exchange of shares of
one company for shares of another company was realisation of shares of first
company and the difference between the price of shares of the first company and
the second company on the date of exchange was income chargeable. Hence by
corollary, the loss on similar exchange is to be allowed. Thus the allegation of the
o32
ITA No. 1090, 1097 TO 1099 & 1091/JPR/2024
Chambal Fertilizers and Chemicals Ltd., Kota
assessing officer that there is no transfer within the meaning of section 2(47) of
the Act for the reason that investment in CTL has extinguished, is not in
accordance with law.
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