1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Court rules in favor of assessee on share treatment & tax relief under Income-tax Act</h1> The High Court of Bombay ruled in favor of the assessee regarding the treatment of shares held by two banks as nominees of a trust and the inclusion of ... Capital Employed, Deduction U/S 80J, New Industrial Undertaking, Widely Held Company The High Court of Bombay ruled in favor of the assessee on two questions of law related to the assessment years 1966-70. The court held that shares held by two banks as nominees of a trust should be treated as shares held by two persons, not one. The court also determined that certain values should be included in the capital base for tax relief purposes under section 80J of the Income-tax Act. The judgment favored the assessee with no costs awarded.
TaxTMI 
TaxTMI 
