| Citation(s) |
|---|
| 2001 SLG 2276 2001 SLD 2276 (2001) 83 TAX 167 (2000) 243 ITR 7 |
Supreme Court of India
C.A. NOS. 4465 TO 4467 OF 1999, AUGUST 13, 1999
B.N. KIRPAL AND S. RAJENDRA BABU, JJ
Deprecated: str_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 395
C.A. NOS. 4465 TO 4467 OF 1999, AUGUST 13, 1999
B.N. KIRPAL AND S. RAJENDRA BABU, JJ
Deprecated: str_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 395
Commissioner of Wealth Tax
VS
London Star Diamond Co. (I) (P.) Ltd
Law: Wealth Tax Act, (XV of 1963)
Section: 4,25(2)
Law: Wealth Tax Act, (XV of 1963)
Section: 4,25(2)
Section 4, read with section 25(2), of the Wealth-tax Act, 1961 - Deemed Wealth - Tribunal held that value of stock-in-trade does not require to be included in net wealth for purpose of determining wealth-tax liability of assessee-company - Whether any referable question of law arose from Tribunal's order - Held, yes CASE REVIEW Judgment of the Bombay High Court in the case of CIT v. London Star Diamond Co. (I) (P.) Ltd. [WT Appeal Nos. 1, 2 and 114 of 1998, dated 27-3-1998] reversed. JUDGMENT 1. Special leave granted. After hearing the learned senior counsels for the parties, in…
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492