Back
D.S.MEENAKSHI SUNDARAM, D.V.JUNNARKAR
FIRST WEALTH-TAX OFFICER – Appellant
Versus
SMT. P. H. HARILELA – Respondent
Per Shri DY. Junnarkar, Accountant Member - The revenue has filed these appeals against the orders of the Commissioner (Appeals) holding that the case did not fall in the ambit of Explanation 4 to section 18(1)(c) of the Wealth-tax Act, 1957 ('the Act') and, consequently, in cancelling the penalties levied by the WTO under section 18(1)(c) for each of the six years under consideration.
2. During the years under consideration, the assessee's wealth consisted of one-fourth share in an immovable property known as Harilela House and also a Flat No. 51A in Anita Apartments, Mount Pleasant Road, Bombay. The assessee disclosed the value of the one-fourth interest in the Harilela House at Rs. 1,54,528 for each of the six years. The WTO, however, valued this one-fourth interest at Rs. 4,12,685 for the first two years, at Rs. 4,18,445 for the next three years and at Rs. 4,14,645 for the last year under consideration. He valued this property as per the depart-mental Valuation Officer's report under section 16A of the Act. Likewise, in respect of the flat in the Anita Apartments, the assessee disclosed the value of the flat at Rs. 60,000 for each of the years whereas the WTO valued this f
The main legal point established in the judgment is the binding effect of the settlement between the parties, the waiver of the right to seek re-employment by the workmen, and the entitlement of the ....
A lockout is justified if it is declared in response to an illegal strike or a strike that is in breach of a settlement or award.
The combination of eyewitness testimonies, recovery of the weapon used, and forensic examination results can establish guilt in criminal cases, even based on circumstantial evidence.
The conviction of an accused person under Section 27(3) of the Arms Act is not permissible in law if the accused is also charged with committing murder under Section 302 of the Indian Penal Code.
The court can enhance compensation based on the deceased's income and family dependency, and adjust the multiplier used by the Tribunal if found unjustified.
A valid signature must be in the candidate's own handwriting, as emphasized by the General Clauses Act and relevant case law.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
