IMPORTANTClub - Wealth tax - Individuals forming a club or association that is not intended for business or commercial purposes to generate income or profits are not subject to wealth tax.A. Wealth-Tax Act, 1957 Section 3(1) Bangalore Club - Wealth tax applicability - Only three categories of entiti...

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SRI MARTHANDA VARMA vs. STATE OF KERALA

Judgement Date : july/2020, Citation : 2020 Latest Caselaw 419 SC

Headnote :

CRUCIALShebaitship or temple management - Vesting - When an idol is installed, a temple is built, or an endowment is established, the shebaitship is granted to the founder, unless the founder has transferred the shebaitship themselves.A. Under the Travancore Cochin Hindu Religious Institutions Act,...

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Union of India Vs. Rina Devi [MAY 09, 2018]

Judgement Date : may/2018, Citation : 2018 Latest Caselaw 360 SC

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ITC Limited Vs Blue Coast Hotels Ltd. & Ors. [MARCH 19, 2018]

Judgement Date : march/2018, Citation : 2018 Latest Caselaw 188 SC

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Maharaja Amrinder Singh Vs. The Commissioner of Wealth Tax [September 05, 2017]

Judgement Date : september/2017, Citation : 2017 Latest Caselaw 636 SC

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P.A.Jose Etc. Vs. Commissioner of Wealth Tax, Kottayam Etc [July 15, 2015]

Judgement Date : july/2015, Citation : 2015 Latest Caselaw 457 SC

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Petroleum and Natural Gas Regulatory Board Vs. Indraprastha Gas Limited & Ors. [July 1, 2015]

Judgement Date : july/2015, Citation : 2015 Latest Caselaw 425 SC

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Madras Bar Association Vs. Union of India and another [September 25, 2014]

Judgement Date : september/2014, Citation : 2014 Latest Caselaw 621 SC

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Commissioner of Wealth Tax, Rajkot Vs. Estate of Late Hmm Vikramsinhji of Gondal [APRIL 16, 2014]

Judgement Date : april/2014, Citation : 2014 Latest Caselaw 272 SC

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M. Natarajan Vs. State By Inspector of Police, Spe, Cbi, Acb Chennai [2008] INSC 828 (7 May 2008)

Judgement Date : may/2008, Citation : 2008 Latest Caselaw 461 SC

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Dr. Karan Singh Vs. State of Jammu & Kashmir & Anr [2004] Insc 268 (13 April 2004)

Judgement Date : april/2004, Citation : 2004 Latest Caselaw 264 SC

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Amiya Bala Paul Vs. Commissioner of Income Tax, Shillong [2003] INSC 282 (7 July 2003)

Judgement Date : july/2003, Citation : 2003 Latest Caselaw 279 SC

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Commissioner of Wealth Tax, Hyderabad Vs. Trustees of Heh [2003] INSC 228 (16 April 2003)

Judgement Date : april/2003, Citation : 2003 Latest Caselaw 226 SC

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Harbhajan Singh Vs. Press Council of India & Ors [2002] INSC 127 (11 March 2002)

Judgement Date : march/2002, Citation : 2002 Latest Caselaw 127 SC

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The Commissioner of Income Tax, Bihar-Ii, Ranchi Vs. Smt. Sandhya Rani Dutta [2001] INSC 104 (22 February 2001)

Judgement Date : february/2001, Citation : 2001 Latest Caselaw 104 SC

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Trustees of Heh Nizams Pilgrimage Money Trust, Hyderabad Vs. The Commissioner of Income Tax, Andhra Pradesh, Hyderabad [2000] INSC 238 (20 April 2000)

Judgement Date : april/2000, Citation : 2000 Latest Caselaw 235 SC

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Union of India & Ors Vs. M.V. Valliappan & Ors [1999] INSC 173 (29 April 1999)

Judgement Date : april/1999, Citation : 1999 Latest Caselaw 173 SC

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Commissioner of Wealth Tax,Gujarat-Iii, Ahmedabad Vs. Ellis Bridge Gymkhana [1997] INSC 786 (21 October 1997)

Judgement Date : october/1997, Citation : 1997 Latest Caselaw 702 SC

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M.V. Javali Vs. Mahajan Borewell & Co. & Ors [1997] INSC 751 (26 September 1997)

Judgement Date : september/1997, Citation : 1997 Latest Caselaw 667 SC

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Tatavarthi Rajah & ANR Vs. Commissioner of Wealth Tax, Hyderabad [1997] INSC 396 (4 April 1997)

Judgement Date : april/1997, Citation : 1997 Latest Caselaw 332 SC

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Income Tax Officer, Jodhpur Vs. Purushottam Das Bangur & ANR [1997] INSC 61 (22 January 1997)

Judgement Date : january/1997, Citation : 1997 Latest Caselaw 61 SC

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M/S. Lok Nath And Company, The Mall, Shimla. Vs. Commissioner of Wealth Tax, Patiala [1995] INSC 596 (31 October 1995)

Judgement Date : october/1995, Citation : 1995 Latest Caselaw 585 SC

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Commissioner of Wealth Tax, Orissa, Bhubaneswar Vs. Smt. Binapani Chakravarty [1995] INSC 197 (28 March 1995)

Judgement Date : march/1995, Citation : 1995 Latest Caselaw 194 SC

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C.W.T. Vs. Sharvan Kumar Swarup & Sons [1994] INSC 492 (22 September 1994)

Judgement Date : september/1994, Citation : 1994 Latest Caselaw 486 SC

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C.I.T. Vs. Kamalini Khatau [1994] INSC 297 (9 May 1994)

Judgement Date : may/1994, Citation : 1994 Latest Caselaw 293 SC

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H.H. Lakshmi Bai Vs. Commissioner of Wealth Tax [1994] INSC 78 (2 February 1994)

Judgement Date : february/1994, Citation : 1994 Latest Caselaw 77 SC

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C.W.T. Vs. Kishan Lal Babna [1993] INSC 374 (21 September 1993)

Judgement Date : september/1993, Citation : 1993 Latest Caselaw 368 SC

Headnote :

The inquiry pertained to the Assessment Year 1962-63, with the pertinent valuation date being March 31, 1962, and it was stated as follows:

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Commissioner of Wealth Tax Vs. Dr. Karan Singh & Ors [1993] INSC 61 (4 February 1993)

Judgement Date : february/1993, Citation : 1993 Latest Caselaw 60 SC

Headnote :

The respondents filed writ petitions in the High Court contesting the applicability of the Wealth Tax Act, 1957 to the State of Jammu and Kashmir, arguing that the Act was solely related to Entry 97 of List 1 of the Seventh Schedule of the Constitution of India. They claimed that since this entry di...

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R.K. Deo Vs. Commissioner of Wealth-Tax, Orissa [1992] INSC 151 (12 May 1992)

Judgement Date : may/1992, Citation : 1992 Latest Caselaw 151 SC

Headnote :

The appellant-assessee, in his wealth-tax assessments, sought a deduction for tax liabilities arising from income related to forest taxation, which had been upheld by this Court. The Wealth-Tax Officer rejected these claims because the tax owed had remained unpaid for over twelve months as of the va...

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F.S. Gandhi Vs. Commissioner of Wealth Tax, Allahabad [1990] INSC 174 (2 May 1990)

Judgement Date : may/1990, Citation : 1990 Latest Caselaw 174 SC

Headnote :

The appellant-assessee held certain properties situated on leasehold lands. The leases for these lands expired in 1958 and 1963, prompting the lessor, the State Government, to issue notices to the assessee to vacate the leasehold lands. The properties were rented out to tenants, and the assessee was...

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India Cement Ltd. Vs. State of Tamil Nadu [1989] INSC 321 (25 October 1989)

Judgement Date : october/1989, Citation : 1989 Latest Caselaw 321 SC

Headnote :

The appellant company previously produced cement and was granted a mining lease for limestone and kankar by the Government of Tamil Nadu, in accordance with the Mineral Concession Rules, 1960. The royalty was established under the Mines and Minerals (Regulation & Development) Act, 1957, a Central Ac...

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Commissioner of Wealth Tax Bombay& ANR Vs. Mrs. Kasturbai Walchand & Ors [1989] INSC 96 (28 March 1989)

Judgement Date : march/1989, Citation : 1989 Latest Caselaw 96 SC

Headnote :

Subsection (1) of Section 25 of the Wealth Tax Act, 1957 grants the Commissioner the authority to revise orders made by subordinate authorities. However, clause (b) of the proviso specifies that this revision power does not apply to orders that are currently under appeal before the Appellate Assista...

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Late Nawab Sir Mir Osman Ali Khan Vs. Commissioner of Wealth Tax, Hyderabad [1986] INSC 214 (21 October 1986)

Judgement Date : october/1986, Citation : 1986 Latest Caselaw 214 SC

Headnote :

In the assessment year 1957-58, the Wealth Tax Officer included a sum of Rs. 4,90,775, which represented the market value of certain immovable properties. Although the assessee had received full payment for these properties, he had not executed any registered sale deeds in favor of the buyers. The i...

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Commissioner of Wealth-Tax, Calcutta Vs. O.M.M. Klnnison [1986] INSC 180 (29 August 1986)

Judgement Date : august/1986, Citation : 1986 Latest Caselaw 180 SC

Headnote :

Company \'A\', which managed two Indian companies, formed a sub-partnership with \'B\' in 1907, sharing the managing agency\'s earnings equally. After \'B\' passed away in 1316, he left a Will that bequeathed all his assets to his wife, \'C\'. In 1927, \'C\' executed two assignment deeds transferrin...

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Commissioner of Wealth Tax. Kanpur Vs. Chander Sen [1986] INSC 136 (16 July 1986)

Judgement Date : july/1986, Citation : 1986 Latest Caselaw 136 SC

Headnote :

Rangi Lal and his son Chander Sen formed a Hindu undivided family (HUF) that owned some immovable property and operated a family business. Following a partial partition, the HUF business was divided between them, and they continued to run it as partners, while the family house property remained join...

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Vrindavan Vs. Goverdhan Lal Pittie [1986] INSC 96 (29 April 1986)

Judgement Date : april/1986, Citation : 1986 Latest Caselaw 96 SC

Headnote :

The petitioner received a three-month extension to file his wealth tax return but submitted it four months after the extension period ended. Consequently, the Wealth Tax Officer imposed a penalty under section 18(1)(a) of the Wealth Tax Act 1957, charging 1/2% of the total assessed wealth for each m...

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Dr. Karan Singh Vs. State of Jammu & Kashmir & ANR [1985] INSC 255 (20 December 1985)

Judgement Date : december/1985, Citation : 1985 Latest Caselaw 255 SC

Headnote :

The appellant submitted a writ petition to the High Court asserting ownership and title over six boxes containing jewelry and other valuable items stored in the Srinagar Toshakhana. These boxes were secured under the lock and seal of a Commissioner appointed by the High Court. The petition arose fro...

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Commissioner of Wealth Tax, Punjab, J & K, Chandigarh, Pati Vs. Yuvraj Amrinder Singh [1985] INSC 227 (8 October 1985)

Judgement Date : october/1985, Citation : 1985 Latest Caselaw 227 SC

Headnote :

The two individuals were assessed for wealth tax separately under the Wealth Tax Act of 1957. Each had purchased an annuity policy and sought to exempt its value under section 5 (1) (vi) of the Act, arguing that annuity policies qualify as \"any policy of insurance\" as stated in that provision.The...

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The Commissioner of Income Tax, Bangalore Vs. Sri J.H. Gotla, Yadagiri [1985] INSC 190 (29 August 1985)

Judgement Date : august/1985, Citation : 1985 Latest Caselaw 190 SC

Headnote :

The respondent-assessee was an individual engaged in the business of buying and selling groundnut oil, operating an oil mill, and serving as an abkari contractor. On June 1, 1957, he gifted a portion of the oil mill machinery to his wife and three minor children. Subsequently, a firm was established...

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Commissioner of Wealth Tax, Kanpur Vs. M/S. J.K. Cotton Manufacturers Ltd. [1984] INSC48 (28 February 1984)

Judgement Date : february/1984, Citation : 1984 Latest Caselaw 48 SC

Headnote :

Following the proceedings and settlement reached in 1952 under the Taxation on Income (Investigation Commission) Act of 1947, certain amounts were established as payable by the respondent-assess companies regarding their undisclosed profits, and a plan for installment payments of this liability was...

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Commissioner of Wealth Tax, Patna Vs. Raghublr Narain Singh [1984] INSC37 (20 February 1984)

Judgement Date : february/1984, Citation : 1984 Latest Caselaw 37 SC

Headnote :

The individual in question has had his estate vested in the State of Bihar as per the Bihar Land Reforms Act, 1950 since July 1, 1952, and is entitled to receive compensation from the Government under this Act.During the relevant assessment years, the assessors secured two monetary decrees from his...

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Commlsstoner of Wealth Tax, Bihar, Patna Vs. Maharaja Kumar Kamal Singh [1984] INSC36 (20 February 1984)

Judgement Date : february/1984, Citation : 1984 Latest Caselaw 36 SC

Headnote :

In calculating the net wealth of the respondent-assesse for wealth tax assessment under the Wealth Tax Act of 1957, the wealth tax officer included a certain amount representing the value of the assesse\'s right to compensation that had accrued to him upon the vesting of his estate in the State of B...

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Juggi Lal Kamlapat Bankers & ANR Vs. Wealth Tax Officer. Special Circle C-Ward, Kanpur & Ors [1983] INSC 201 (15 December 1983)

Judgement Date : december/1983, Citation : 1983 Latest Caselaw 201 SC

Headnote :

The assessee (Appellant No. 2), who served as the Karta of a Hindu Undivided Family, was a partner in the family firm (Appellant No. 1) and was subject to wealth tax as an HUF. To assess the family\'s interest in the firm, the assessee used the book value of the buildings owned by the firm.However,...

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Commissioner of Wealth Tax, Gujarat, Ahmedabad Vs. Vadilal Lallubhai [1983] INSC 158 (21 October 1983)

Judgement Date : october/1983, Citation : 1983 Latest Caselaw 158 SC

Headnote :

The taxpayer, while calculating his net wealth, sought to deduct certain debts, which included estimated liabilities for income tax, wealth tax, and gift tax. The Wealth Tax Officer denied this deduction, arguing that since these liabilities were based on estimates, they could not be considered as d...

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Commissioner of Wealth Tax, Madras Vs. K. S. N. Bhatt [1983] INSC 157 (21 October 1983)

Judgement Date : october/1983, Citation : 1983 Latest Caselaw 157 SC

Headnote :

In the assessment proceedings conducted under the Wealth Tax Act for four assessment years, the assessee sought deductions in the calculation of his net wealth for liabilities related to income tax, wealth tax, and gift tax. The Wealth Tax Officer approved only a portion of the claimed deductions. T...

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Welath Tax Officer, Calicut Vs. C. K. Mammed Kayi [1981] INSC 88 (7 April 1981)

Judgement Date : april/1981, Citation : 1981 Latest Caselaw 88 SC

Headnote :

The assessee, who served as the Karnavan of a Mapilla Marumakkathayam Tarawad recognized as impartible under section 20(1) of the Mapilla Marumakkathayam Act of 1939, was assessed for wealth tax based on the net wealth of his Tarawad as an individual under section 3 of the Wealth Tax Act.The High Co...

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Ahmed Ibrahim Sahigra Dhoraji Vs. Commissioner of Wealth Tax, Gujarat [1981] INSC 85 (7 April 1981)

Judgement Date : april/1981, Citation : 1981 Latest Caselaw 85 SC

Headnote :

To address the issue of unreported income that had not been subjected to income tax, the Government introduced an incentive scheme. This scheme allowed individuals to disclose such income and pay a specified tax rate without facing penalties under the Income Tax Act. According to Section 68 of the F...

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Commissioner of Wealth Tax, Amritsar Vs. Suresh Seth [1981] INSC 84 (7 April 1981)

Judgement Date : april/1981, Citation : 1981 Latest Caselaw 84 SC

Headnote :

The assessee-respondent submitted his Wealth Tax returns for the assessment years 1964-65 and 1965-66 on March 18, 1971, despite being required by section D 14(1) of the Act to file the return for the assessment year 1964-65 by June 30, 1964, and for the assessment year 1965-66 by June 30, 1965. The...

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Commissioner of Wealth Tax, Lucknow Vs. P. K. Banerjee [1980] INSC 174 (9 September 1980)

Judgement Date : september/1980, Citation : 1980 Latest Caselaw 174 SC

Headnote :

The respondent assessee, based on a trust deed executed by his father Pyarey Lal Banerji on October 26, 1937, which was later modified by another deed on April 28, 1950, received \"the net income of the trust funds\" following his father\'s death. The assessee classified this income as an annuity an...

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Commissioner of Wealth Tax, Mysore Vs. Her Highness Vijayaba, Dowger Maharani Saheb of Bhavnagarpa [1979] INSC 66 (9 March 1979)

Judgement Date : march/1979, Citation : 1979 Latest Caselaw 66 SC

Headnote :

The respondent\'s wealth was evaluated for Wealth Tax under the Wealth Tax Act of 1957 for the assessment years 1960-61, 1961-62, and 1962-63, with the relevant valuation dates being December 31, 1959, December 31, 1960, and December 31, 1961. On May 14, 1953, the assessee sent a letter to her young...

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Bibi Saddiqa Fatima Vs. Saiyed Mohammad Mahmood Hasan [1978] INSC 101 (3 May 1978)

Judgement Date : may/1978, Citation : 1978 Latest Caselaw 101 SC

Headnote :

A Shia Muslim woman named Smt. Sughra Begum owned extensive zamindari and other properties. On October 6, 1928, she established a waqf for all her properties, dividing them into three qurras, with Raja Haji Saiyed Mohammad Mahmood Hasan appointed as the Mutawalli for qurra No. 1.After the passing of...

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Commissioner of Wealth Tax, Andhra Pradesh, Hyderabad Vs. Trustees of H.E.H. Nizam's Family [1977] INSC 137 (3 May 1977)

Judgement Date : may/1977, Citation : 1977 Latest Caselaw 137 SC

Headnote :

Section 21(1) of the Wealth Tax Act states that for assets subject to tax under the Act that are held by any trustee appointed under a Trust, the wealth tax will be imposed on and collected from the trustee in the same manner and to the same extent as it would be from the individual on whose behalf...

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Commissioner of Wealth Tax, New Delhi Vs. P.N. Sikand [1977] INSC 101 (1 April 1977)

Judgement Date : april/1977, Citation : 1977 Latest Caselaw 101 SC

Headnote :

The respondent, an individual assessed for wealth tax, reported the value of his property located at plot No. 12, Block 39 Kautilya Marg, Chanakyapuri, in his net wealth return for the assessment year 1968-69 as Rs. 4,52,000, a decrease from the Rs. 6,00,000 he had declared in previous years. This p...

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Burma Oil Co. (I) Trading Ltd. Calcutta Vs. Commissioner of Wealth Tax (Central) Calcutta [1976] INSC 309 (1 December 1976)

Judgement Date : december/1976, Citation : 1976 Latest Caselaw 309 SC

Headnote :

The appellant recorded a provision of Rs. 49,19,520 in his accounting books to cover his tax liabilities. He sought to deduct this amount when calculating his net wealth, arguing that it constituted a debt owed by the assessee as defined in section 2(m) of the Wealth Tax Act. However, this claim was...

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Commissioner of Wealth-Tax, Andhra Pradesh Vs. Officer-In-Charge (Court of Wards) Paigah [1976] INSC 172 (6 August 1976)

Judgement Date : august/1976, Citation : 1976 Latest Caselaw 172 SC

Headnote :

The taxpayer owned over 100 acres of land within municipal boundaries, surrounded by a compound wall. This land was next to a tank, contained two wells, was suitable for agricultural use, and was classified as agricultural land for land revenue purposes, although it had not been utilized for any non...

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Commissioner of Wealth Tax Vs. Hindustan Motors Limited [1976] INSC 49 (10 March 1976)

Judgement Date : march/1976, Citation : 1976 Latest Caselaw 49 SC

Headnote :

The respondent taxpayer keeps regular accounts.In the accounts he maintains, sufficient depreciation could not be recorded in the balance sheet for the depreciable fixed assets due to a lack of profits, resulting in the depreciation reported in the balance sheet being significantly lower than what i...

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H. H. Maharaj Rana Hemant Singhji, Dholpur Vs. Commissioner of Income-Tax, Rajasthan [1976] INSC 30 (17 February 1976)

Judgement Date : february/1976, Citation : 1976 Latest Caselaw 30 SC

Headnote :

Section 2(4A) (ii), Income Tax 'Act, 1922, provides that 'personal effects, that is to say, movable property (including wearing apparel, jewellery, and Furniture) held for personal use by the assessee or any member of his family dependent on him,' shall not be included in the 'capita...

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Mitsui Steamship Co. Ltd. Vs. C.I.T. West Bengal, Ii Calcutta [1975] INSC 24 (7 February 1975)

Judgement Date : february/1975, Citation : 1975 Latest Caselaw 24 SC

Headnote :

The appellants, who are non-resident companies with registered offices in Japan, were assessed for Income-tax for the assessment years 1956-1961 under the Indian Income-tax Act, 1922 concerning their earnings in India. During the assessment proceedings, they sought to deduct the tax they paid on the...

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Lakshmi Kant Jha Vs. Commissioner of Wealth Tax Bihar And Orissa [1973] INSC 82 (16 April 1973)

Judgement Date : april/1973, Citation : 1973 Latest Caselaw 82 SC

Headnote :

The former Maharaja of Darbhanga, the assessee, submitted a return for the assessment year 1957-58, declaring his net wealth to be over two and a half crores. He later filed a revised return indicating a lower amount. However, the wealth-tax officer assessed the net wealth of the assessee to be more...

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The Trustees of Gordhandas Govindram Family Trust, Bombay Vs. The C.I.T. Bombay [1972] INSC 285 (28 November 1972)

Judgement Date : november/1972, Citation : 1972 Latest Caselaw 285 SC

Headnote :

On June 11, 1941, four individuals established a Trust known as the \'Gordhandas Govindram Family Trust\'. For the assessment years 1957-58 and 1958-59, two questions were referred to the High Court under Section 27(1) of the Wealth Tax Act 1957: (a) Whether, based on a proper interpretation of the...

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Commissioner of Wealth Tax Vs. Mahadeo Jalan & Mahabir Prasad Jalan [1972] INSC 216 (13 September 1972)

Judgement Date : september/1972, Citation : 1972 Latest Caselaw 216 SC

Headnote :

Regarding the basis for valuing shares in private limited companies under section 7 of the Wealth-tax Act, 1957,

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Commissioner of Wealth Tax, West Bengal Vs. Champa Kumari Singhi & Ors [1972] INSC 18 (19 January 1972)

Judgement Date : january/1972, Citation : 1972 Latest Caselaw 18 SC

Headnote :

The High Court determined that the assessee, a Jain undivided family, did not qualify as a Hindu undivided family as defined by section 3 of the Wealth Tax Act, 1957. The Court stated that for a Hindu undivided family to exist, its members must be Hindus; since the assessee\'s family consists of Jai...

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Union of India Vs. H. S. Dhillon [1971] INSC 292 (21 October 1971)

Judgement Date : october/1971, Citation : 1971 Latest Caselaw 292 SC

Headnote :

Section 3 of the Wealth Tax Act, 1957 establishes a tax on the capital value of an assessee\'s net wealth. According to the Act, net wealth is defined as the total value of all the assessee\'s assets, calculated as specified in the Act, minus the total value of all debts (with certain exceptions) ow...

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Commissioner of Wealth Tax, Rajasthan Vs. Her Highness Maharani Gayatri Devi of Jaipur [1971] INSC 245 (14 September 1971)

Judgement Date : september/1971, Citation : 1971 Latest Caselaw 245 SC

Headnote :

The trust deed established by the husband of the respondent assessee stipulated that the trustees were to pay the assessee 50 percent of the income generated by the trust fund during her lifetime. This settlement was irrevocable, and the properties listed in the trust deed were transferred to the tr...

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Calcutta Electric Supply Corporation Vs. Commissioner of Wealth Tax, West Bengal [1971] INSC 194 (12 August 1971)

Judgement Date : august/1971, Citation : 1971 Latest Caselaw 194 SC

Headnote :

The taxpayer operated a business supplying electrical energy in Calcutta. For the fiscal year 1959-60, with a valuation date of March 31, 1959, the taxpayer reported a deduction in its balance sheet, claiming that the amount represented contributions from consumers for establishing service connectio...

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Commissioner of Wealth Tax, Bihar and Orissa Vs. Kirpashankar Dayashankar Worah [1971] INSC 171 (29 July 1971)

Judgement Date : july/1971, Citation : 1971 Latest Caselaw 171 SC

Headnote :

The respondent, through a trust deed, transferred certain properties mentioned in the deed to himself as a trustee, with the intention of providing for his own maintenance and that of his wife, as well as covering the maintenance, education, and marriage expenses of his unmarried daughters and the m...

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H. H. Maharajadhiraja Madhav Rao Jiwaji Raoscindia Bahad Vs. Union of India [1970] INSC 253 (15 December 1970)

Judgement Date : december/1970, Citation : 1970 Latest Caselaw 253 SC

Headnote :

With the enactment of the Indian Independence Act, 1947, the Princely States neighboring the Dominion of India merged into it. The merger agreements facilitated the integration of these States and assured the Rulers of their Privy Purse, succession rights according to law and custom, and their perso...

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Sirpur Paper Mill Ltd. Vs. The Commissioner of Wealth Tax, Hyderabad [1970] INSC 99 (20 April 1970)

Judgement Date : april/1970, Citation : 1970 Latest Caselaw 99 SC

Headnote :

The Appellate Assistant Commissioner of Wealth Tax upheld an order issued by the Wealth Tax Officer concerning the approach taken by the officer in handling a depreciation allowance claim submitted by the appellant company during its wealth tax assessment. Subsequently, the appellant company filed r...

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Commissioner of Wealth Tax, Gujarat Atahmedabad Vs. Mrs. Arundhati Balkrishna [1970] INSC 41 (25 February 1970)

Judgement Date : february/1970, Citation : 1970 Latest Caselaw 41 SC

Headnote :

The taxpayer was an individual who had the right to receive a portion of the income generated from funds placed in trust through three trust deeds, and she received payments corresponding to that share. Additionally, she owned jewellery valued at Rs. 80,000, which was meant for her personal use.The...

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Commissioner of Wealth-Tax, Calcutta, Nowwest Bengal Ii Vs. Tungabhadra Industries Ltd., Calcutta [1969] INSC 172 (8 August 1969)

Judgement Date : august/1969, Citation : 1969 Latest Caselaw 172 SC

Headnote :

The respondent company was evaluated for wealth tax for the assessment years 1957-58, 1958-59, and 1959-60. In determining the net wealth of the respondent on the relevant valuation dates, the Wealth Tax Officer applied section 7(2)(a) of the Act and included the full value of the fixed assets as re...

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N. Vs. Narendranath Vs. Commissioner of Wealth Tax, Andhra Pradesh,Hyderabad [1969] INSC 64 (7 March 1969)

Judgement Date : march/1969, Citation : 1969 Latest Caselaw 64 SC

Headnote :

Regarding his wealth tax assessment for the years 1957-58, 1958-59, and 1959-60, the appellant submitted returns as a Hindu Undivided Family. At that time, his family included himself, his wife, and two minor daughters. The appellant argued that he should be assessed as a Hindu Undivided Family beca...

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Commissioner of Wealth-Tax, Madras Vs. Smt. Muthukrishna Ammal [1968] INSC 209 (6 September 1968)

Judgement Date : september/1968, Citation : 1968 Latest Caselaw 209 SC

Headnote :

On January 1, 1943, and January 1, 1945, the respondent entered into two agreements to lease certain salt pans from the Government. Each lease was set to last for 25 years but could be terminated by either party at the end of any salt manufacturing season with proper notice. The respondent subleased...

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Sudhir Chandra Nawn Vs. Wealth-Tax Officer, Calcutta & Ors [1968] INSC 119 (23 April 1968)

Judgement Date : april/1968, Citation : 1968 Latest Caselaw 119 SC

Headnote :

The petitioner filed a motion under Article 32 seeking a writ to annul an assessment order, penalty, and tax recovery notices for the years 1959-60, 1960-61, and 1961-62 under the Wealth Tax Act of 1957. He argued, among other points, that (i) wealth tax should only be imposed on the increase in wea...

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The Punjab State, Chandigarh Vs. Sansari Mal Puran Chand [1967] INSC 183 (22 August 1967)

Judgement Date : august/1967, Citation : 1967 Latest Caselaw 183 SC

Headnote :

The respondents were dealers subject to sales tax under the East Punjab General Sales Tax Act of 1948. For the assessment years 1955-56 to 1957-58, they sought an exemption from tax on sales of edible oil produced through their mechanical processes. The assessing authority denied this exemption, cit...

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Inder Singh & ANR Vs. State of Punjab & Ors [1967] INSC 99 (10 April 1967)

Judgement Date : april/1967, Citation : 1967 Latest Caselaw 99 SC

Headnote :

In determining the surplus land under the Pepsu Tenancy and Agricultural Lands Act, the authorities declared the portion exceeding 30 acres owned by the appellants, a Hindu undivided family, as surplus. During this assessment, the authorities overlooked a land transfer made by the Karta of the famil...

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Travancore-Cochin Chemicals (P.) Ltd. Vs. Commissioner of Wealth-Tax, Kerala [1967] INSC 95 (6 April 1967)

Judgement Date : april/1967, Citation : 1967 Latest Caselaw 95 SC

Headnote :

The appellant, a private limited company, was established and registered under the Indian Companies Act, 1913, on November 8, 1951. The construction of its factory was finalized in December 1953, and production began on January 1, 1954. The issue at hand was whether the company was considered establ...

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Kesoram Industries & Cotton Mills Ltd. Vs. Commissioner of Wealth Tax, (Central) Calcutta [1965] INSC 259 (24 November 1965)

Judgement Date : november/1965, Citation : 1965 Latest Caselaw 259 SC

Headnote :

In the profit and loss statement of the appellant company for the fiscal year ending March 31, 1957, a specific amount was recorded as the proposed dividend for that year. Additionally, the balance sheet as of that date reflected the value of its fixed assets and a separate amount set aside for tax...

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State Bare Acts

Andhra Pradesh State Laws 362 Arunachal Pradesh State Laws 77 Assam State Laws 302 Bihar State Laws 525 Chandigarh Local Acts 30 Chhattisgarh State Laws 148 Delhi Local Laws 320 Goa State Laws 216 Gujarat State Laws 405 Haryana State Laws 492 Himachal Pradesh State Laws 306 Jammu and Kashmir State Laws 344 Jharkhand State Laws 284 Karnataka State Laws 263 Kerala State Laws 310 Madhya Pradesh State Laws 553 Maharashtra State Laws 862 Manipur State Laws 68 Mizoram State Laws 84 Nagaland State Laws 104 Odisha State Laws 731 Puducherry State Laws 108 Punjab State Laws 669 Rajasthan State Laws 730 Sikkim State Laws 107 Tamil Nadu State Laws 693 Telangana State Laws 32 Tripura State Laws 87 UP State Laws 914 Uttarakhand State Laws 131 West Bengal State Laws 738

Central Acts Categories

Supreme Court (SC) Judgements on Wealth Tax Act, 1957

List of Judgements

Mohit Kumar Vs. State of Uttar Pradesh and Ors.

Kamukayi &amp; Ors. Vs. Union of India and Ors.

D. N. Singh v Commissioner Of Income Tax &amp; Anr.

Kesavananda Bharati Sripadagalvaru and Ors vs State Of Kerala And Anr

Mansarovar Commercial Pvt. Ltd. Vs. Commissioner of Income Tax, Delhi

Pichra Warg Kalyan Mahasabha Haryana (Regd.) Vs. State of Haryana

M/S. BANGALORE CLUB vs. COMMISSIONER OF WEALTH TAX

SRI MARTHANDA VARMA vs. STATE OF KERALA

Union of India Vs. Rina Devi [MAY 09, 2018]

ITC Limited Vs Blue Coast Hotels Ltd. & Ors. [MARCH 19, 2018]

Maharaja Amrinder Singh Vs. The Commissioner of Wealth Tax [September 05, 2017]

P.A.Jose Etc. Vs. Commissioner of Wealth Tax, Kottayam Etc [July 15, 2015]

Petroleum and Natural Gas Regulatory Board Vs. Indraprastha Gas Limited & Ors. [July 1, 2015]

Madras Bar Association Vs. Union of India and another [September 25, 2014]

Commissioner of Wealth Tax, Rajkot Vs. Estate of Late Hmm Vikramsinhji of Gondal [APRIL 16, 2014]

M. Natarajan Vs. State By Inspector of Police, Spe, Cbi, Acb Chennai [2008] INSC 828 (7 May 2008)

Dr. Karan Singh Vs. State of Jammu & Kashmir & Anr [2004] Insc 268 (13 April 2004)

Amiya Bala Paul Vs. Commissioner of Income Tax, Shillong [2003] INSC 282 (7 July 2003)

Commissioner of Wealth Tax, Hyderabad Vs. Trustees of Heh [2003] INSC 228 (16 April 2003)

Harbhajan Singh Vs. Press Council of India & Ors [2002] INSC 127 (11 March 2002)

The Commissioner of Income Tax, Bihar-Ii, Ranchi Vs. Smt. Sandhya Rani Dutta [2001] INSC 104 (22 February 2001)

Trustees of Heh Nizams Pilgrimage Money Trust, Hyderabad Vs. The Commissioner of Income Tax, Andhra Pradesh, Hyderabad [2000] INSC 238 (20 April 2000)

Union of India & Ors Vs. M.V. Valliappan & Ors [1999] INSC 173 (29 April 1999)

Commissioner of Wealth Tax,Gujarat-Iii, Ahmedabad Vs. Ellis Bridge Gymkhana [1997] INSC 786 (21 October 1997)

M.V. Javali Vs. Mahajan Borewell & Co. & Ors [1997] INSC 751 (26 September 1997)

Tatavarthi Rajah & ANR Vs. Commissioner of Wealth Tax, Hyderabad [1997] INSC 396 (4 April 1997)

Income Tax Officer, Jodhpur Vs. Purushottam Das Bangur & ANR [1997] INSC 61 (22 January 1997)

M/S. Lok Nath And Company, The Mall, Shimla. Vs. Commissioner of Wealth Tax, Patiala [1995] INSC 596 (31 October 1995)

Commissioner of Wealth Tax, Orissa, Bhubaneswar Vs. Smt. Binapani Chakravarty [1995] INSC 197 (28 March 1995)

C.W.T. Vs. Sharvan Kumar Swarup & Sons [1994] INSC 492 (22 September 1994)

C.I.T. Vs. Kamalini Khatau [1994] INSC 297 (9 May 1994)

H.H. Lakshmi Bai Vs. Commissioner of Wealth Tax [1994] INSC 78 (2 February 1994)

C.W.T. Vs. Kishan Lal Babna [1993] INSC 374 (21 September 1993)

Commissioner of Wealth Tax Vs. Dr. Karan Singh &amp; Ors [1993] INSC 61 (4 February 1993)

R.K. Deo Vs. Commissioner of Wealth-Tax, Orissa [1992] INSC 151 (12 May 1992)

F.S. Gandhi Vs. Commissioner of Wealth Tax, Allahabad [1990] INSC 174 (2 May 1990)

India Cement Ltd. Vs. State of Tamil Nadu [1989] INSC 321 (25 October 1989)

Commissioner of Wealth Tax Bombay&amp; ANR Vs. Mrs. Kasturbai Walchand &amp; Ors [1989] INSC 96 (28 March 1989)

Late Nawab Sir Mir Osman Ali Khan Vs. Commissioner of Wealth Tax, Hyderabad [1986] INSC 214 (21 October 1986)

Commissioner of Wealth-Tax, Calcutta Vs. O.M.M. Klnnison [1986] INSC 180 (29 August 1986)

Commissioner of Wealth Tax. Kanpur Vs. Chander Sen [1986] INSC 136 (16 July 1986)

Vrindavan Vs. Goverdhan Lal Pittie [1986] INSC 96 (29 April 1986)

Dr. Karan Singh Vs. State of Jammu &amp; Kashmir &amp; ANR [1985] INSC 255 (20 December 1985)

Commissioner of Wealth Tax, Punjab, J &amp; K, Chandigarh, Pati Vs. Yuvraj Amrinder Singh [1985] INSC 227 (8 October 1985)

The Commissioner of Income Tax, Bangalore Vs. Sri J.H. Gotla, Yadagiri [1985] INSC 190 (29 August 1985)

Commissioner of Wealth Tax, Kanpur Vs. M/S. J.K. Cotton Manufacturers Ltd. [1984] INSC48 (28 February 1984)

Commissioner of Wealth Tax, Patna Vs. Raghublr Narain Singh [1984] INSC37 (20 February 1984)

Commlsstoner of Wealth Tax, Bihar, Patna Vs. Maharaja Kumar Kamal Singh [1984] INSC36 (20 February 1984)

Juggi Lal Kamlapat Bankers &amp; ANR Vs. Wealth Tax Officer. Special Circle C-Ward, Kanpur &amp; Ors [1983] INSC 201 (15 December 1983)

Commissioner of Wealth Tax, Gujarat, Ahmedabad Vs. Vadilal Lallubhai [1983] INSC 158 (21 October 1983)

Commissioner of Wealth Tax, Madras Vs. K. S. N. Bhatt [1983] INSC 157 (21 October 1983)

Welath Tax Officer, Calicut Vs. C. K. Mammed Kayi [1981] INSC 88 (7 April 1981)

Ahmed Ibrahim Sahigra Dhoraji Vs. Commissioner of Wealth Tax, Gujarat [1981] INSC 85 (7 April 1981)

Commissioner of Wealth Tax, Amritsar Vs. Suresh Seth [1981] INSC 84 (7 April 1981)

Commissioner of Wealth Tax, Lucknow Vs. P. K. Banerjee [1980] INSC 174 (9 September 1980)

Commissioner of Wealth Tax, Mysore Vs. Her Highness Vijayaba, Dowger Maharani Saheb of Bhavnagarpa [1979] INSC 66 (9 March 1979)

Bibi Saddiqa Fatima Vs. Saiyed Mohammad Mahmood Hasan [1978] INSC 101 (3 May 1978)

Commissioner of Wealth Tax, Andhra Pradesh, Hyderabad Vs. Trustees of H.E.H. Nizam's Family [1977] INSC 137 (3 May 1977)

Commissioner of Wealth Tax, New Delhi Vs. P.N. Sikand [1977] INSC 101 (1 April 1977)

Burma Oil Co. (I) Trading Ltd. Calcutta Vs. Commissioner of Wealth Tax (Central) Calcutta [1976] INSC 309 (1 December 1976)

Commissioner of Wealth-Tax, Andhra Pradesh Vs. Officer-In-Charge (Court of Wards) Paigah [1976] INSC 172 (6 August 1976)

Commissioner of Wealth Tax Vs. Hindustan Motors Limited [1976] INSC 49 (10 March 1976)

H. H. Maharaj Rana Hemant Singhji, Dholpur Vs. Commissioner of Income-Tax, Rajasthan [1976] INSC 30 (17 February 1976)

Mitsui Steamship Co. Ltd. Vs. C.I.T. West Bengal, Ii Calcutta [1975] INSC 24 (7 February 1975)

Lakshmi Kant Jha Vs. Commissioner of Wealth Tax Bihar And Orissa [1973] INSC 82 (16 April 1973)

The Trustees of Gordhandas Govindram Family Trust, Bombay Vs. The C.I.T. Bombay [1972] INSC 285 (28 November 1972)

Commissioner of Wealth Tax Vs. Mahadeo Jalan &amp; Mahabir Prasad Jalan [1972] INSC 216 (13 September 1972)

Commissioner of Wealth Tax, West Bengal Vs. Champa Kumari Singhi &amp; Ors [1972] INSC 18 (19 January 1972)

Union of India Vs. H. S. Dhillon [1971] INSC 292 (21 October 1971)

Commissioner of Wealth Tax, Rajasthan Vs. Her Highness Maharani Gayatri Devi of Jaipur [1971] INSC 245 (14 September 1971)

Calcutta Electric Supply Corporation Vs. Commissioner of Wealth Tax, West Bengal [1971] INSC 194 (12 August 1971)

Commissioner of Wealth Tax, Bihar and Orissa Vs. Kirpashankar Dayashankar Worah [1971] INSC 171 (29 July 1971)

H. H. Maharajadhiraja Madhav Rao Jiwaji Raoscindia Bahad Vs. Union of India [1970] INSC 253 (15 December 1970)

Sirpur Paper Mill Ltd. Vs. The Commissioner of Wealth Tax, Hyderabad [1970] INSC 99 (20 April 1970)

Commissioner of Wealth Tax, Gujarat Atahmedabad Vs. Mrs. Arundhati Balkrishna [1970] INSC 41 (25 February 1970)

Commissioner of Wealth-Tax, Calcutta, Nowwest Bengal Ii Vs. Tungabhadra Industries Ltd., Calcutta [1969] INSC 172 (8 August 1969)

N. Vs. Narendranath Vs. Commissioner of Wealth Tax, Andhra Pradesh,Hyderabad [1969] INSC 64 (7 March 1969)

Kamukayi & Ors. Vs. Union of India and Ors.

D. N. Singh v Commissioner Of Income Tax & Anr.

Commissioner of Wealth Tax Vs. Dr. Karan Singh & Ors [1993] INSC 61 (4 February 1993)

Commissioner of Wealth Tax Bombay& ANR Vs. Mrs. Kasturbai Walchand & Ors [1989] INSC 96 (28 March 1989)

Dr. Karan Singh Vs. State of Jammu & Kashmir & ANR [1985] INSC 255 (20 December 1985)

Commissioner of Wealth Tax, Punjab, J & K, Chandigarh, Pati Vs. Yuvraj Amrinder Singh [1985] INSC 227 (8 October 1985)

Juggi Lal Kamlapat Bankers & ANR Vs. Wealth Tax Officer. Special Circle C-Ward, Kanpur & Ors [1983] INSC 201 (15 December 1983)

Commissioner of Wealth Tax Vs. Mahadeo Jalan & Mahabir Prasad Jalan [1972] INSC 216 (13 September 1972)

Commissioner of Wealth Tax, West Bengal Vs. Champa Kumari Singhi & Ors [1972] INSC 18 (19 January 1972)

Sudhir Chandra Nawn Vs. Wealth-Tax Officer, Calcutta & Ors [1968] INSC 119 (23 April 1968)

Inder Singh & ANR Vs. State of Punjab & Ors [1967] INSC 99 (10 April 1967)

Kesoram Industries & Cotton Mills Ltd. Vs. Commissioner of Wealth Tax, (Central) Calcutta [1965] INSC 259 (24 November 1965)