WebOct 19, 2024 · In Re. Dinshaw Maneckjee Petit, AIR 1927 Bom 371 case, the assessee was a wealthy man enjoying huge dividend and interest income. He formed four private companies and agreed with each to hold a block of investment as an agent for it. WebJun 30, 2024 · – For the financial year 1925-26, the assessee Sir Dinshaw Petit has been assessed for super-tax on an aggregate income of Rs. 11,35,302 arising in the previous …

Dinshaw Maneckji Petit - Wikipedia

Dinshaw Maneckji Petit was born in Bombay, British India. In 1837, he married Sakarbai Panday, with whom he had 14 children (six sons and eight daughters). He was survived by, among others, his son Dinshaw Petit, who became the 2nd Baronet. His daughter Mithuben Hormusji Petit (11 April 1892 – 16 July 1973) was a female activist in the Indian independence movement, who famously participated in Mahatma Gandhi's Dandi March. WebOct 26, 2024 · A clear illustration is Dinshaw Maneckjee Petit, Re; The assesse was a wealthy man enjoying huge dividend and interest income. He formed four private companies and agreed with each to hold a block of investment as an agent for it. Income received was credited in the accounts of the company but the company handed back the amount to … signature refresher purified water

In re Sir Dinshaw Maneckjee Petit Company Law - YouTube

WebIndian Kanoon - Search engine for Indian Law WebApr 24, 2024 · A clear illustration is Dinshaw Maneckjee Petit, Re; The assessee was a wealthy man enjoying huge dividends and interest income. He formed four private companies and agreed with each to hold a ... In re Sir Dinshaw Maneckjee Petit (1927), Sir Dinshaw Petit was a rich man having dividend and interest income. He was assessed for super-tax on an aggregate income of Rs. 11,35,302 arising in the previous year. He wanted to avoid income-tax. For this purpose, he had formed four private companies, in all of … See more Sir Dinshaw Petit was assessed for super-tax on an aggregate income of Rs. 11,35,302 arising in the previous year. In the year 1921 the … See more Whether the sums in dispute represent taxable income of the assessee under Sections 2 (15), 3, 6,12, 55, 56 and 58 of the Indian Income-tax Act, 1922? See more The judges came to the conclusion that there was there in law evidence on which the Commissioner might reasonably find as a fact (1) that there was no genuine transfer or … See more The advocate contended that the alleged disposition by the assessee in favour of each family company is a sham, as was also the declaration … See more signature reflexology grand junction co