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Ved Vyas Chawla Vs. the Income Tax Officer 'C' Ward and Anr.

Court : Allahabad

Subject : Constitution

Acts : Constitution of India - Articles 14, 19(1), 269, 270 and 271; Finance Act, 1963; Compulsory Deposit Scheme Act, 1963

Reported in : AIR1965All37; [1965]57ITR749(All)

nor capricious; it is a perfectly understandable, intelligible and reasonable classification. 8. Lastly, it was contended that the Compulsory Deposit Scheme Act, 1963 which was, so to speak, in lieu of Additional Surcharge was violative of the principles laid down in … State Board. The School Tribunal constituted under Section 8 of the Maharashtra Act cannot entertain appeals filed under Section 9 by the employees working in schools which are established and administered by the Cantonment Board. Teacher employed in

Raojibhai H. Desai Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (1985)14ITD84(Pune.)

Profit Tax Act, required the taxpayer to deposit amounts on which deduction was admissible. Compulsory Deposit Scheme of 1963 gave rebate on additional surcharge otherwise payable. In surtax reduction in surcharge was given on deposits with IDBI, … 1980-81 holding that the interest of Rs. 12,194 and Rs. 349, respectively, accruing to the assessee under the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974 ('the CDS Act') [subject to relief under section SOL of the Income-tax Act, 1961

Prakash Corporates Vs. Dee Vee Projects Limited

Court : Supreme Court of India

Subject : Land Acquisition

provided for exclusion of the period from 15.03.2020 till 02.10.2021. A look at the scheme of the Limitation Act, 1963 makes it 9 To complete the scenario, we may indicate in the passing that even after we had … Act, 2015, which prescribes the time limit for completing the process of compulsory pre- litigation mediation and directed that the said time limit would also … the National Company Law Tribunal, Cuttack Bench5 seeking initiation of corporate insolvency resolution process against the respondent under Section 9 of the Code with the allegations that the respondent (corporate debtor) had failed to make payment of its … & Criminal)7) Motor Accident Claim Cases8) Matters relating to payment of amount deposited in respect of Motor Accident Claim Cases9) Matters under Section 125 of

Commissioner of Income Tax Vs. Smt. Laxmidevi Ratani and ors.

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(14), 2(47) and 256(2); Transfer of Property Act, 1882 - Sections 6, 53A, 54 and 269UA; Specific Relief Act, 1963 - Sections 15

Reported in : (2005)198CTR(MP)336; [2008]296ITR363(MP)

Central Government;(v) Special Bearer Bonds, 1991, issued by the Central Government;(vi) Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 notified by the Central Government;Section 2(47)--'transfer', in relation to a capital asset, includes,--(i) the sale, exchange or … of the asset; or(ii) the extinguishment of any rights therein; or(iii) the compulsory acquisition thereof under any law; or(iv) in a case where the asset … capable of specific performance and is also assignable, and he referred to Section 15 of the Specific Relief Act, 1963. Therefore, according to Shri Wadhera a right to obtain conveyance of immovable property is clearly a 'property' as … sum of Rs. 5,00,000 as consideration and a further sum of Rs. 90,000 being the refund of earnest money. The question before the Court in

Cit Vs. Smt. Laxmidevi Natani

Court : Madhya Pradesh

Subject : Direct Taxation

Reported in : (2006)198CTR(MP)336

Central Government)(v) Special Bearer Bonds, 1991, issued by the Central Government;)(vi) Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 notified by the Central Government)Section 2(47) ('transfer', in relation to a capital asset), includes,(i) the sale, exchange … of the asset; or(ii) the extinguishment of any rights therein; or(iii) the compulsory acquisition thereof under any law; or(iv) in a case where the asset … capable of specific performance and is also assignable, and he referred to section 15 of the Specific Relief Act, 1963. Therefore, according to Shri Wadhera a right to obtain conveyance of immovable property is clearly a 'property' as … sum of Rs. 5,00,000 as consideration and a further sum of Rs. 90,000 being the refund of earnest money. The question before the court in

Smt. Veena Devi Singhania Vs. Commissioner of Wealth-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957; ;Compulsory Deposit Scheme (I.T. Payers) Act, 1974

Reported in : [1994]210ITR967(Cal)

in the circumstances of the case, the Tribunal was justified in holding that the compulsory deposit in the Compulsory Deposit Scheme (Income-tax Payers) Account under the Compulsory Deposit Scheme (Income-tax Payers) Act, 1974, was to be taken into consideration … them to be valued by approved valuers before filing their wealth-tax returns.' 9. On a reading of the aforesaid circular and its annexure, we are … stated in these notes that, where immovable property is valued by an approved valuer, the valuation made for 1963-69 assessment will be acceptable for the next two years also with such adjustments as may be considered necessary … Ajit K. Sengupta, J. 1. In this reference under Section 27(1) of the Wealth-tax Act, 1957, the following questions of law have

Nemichand Ganeshmal Vs. Commissioner of Income-tax

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 139, 139(1), 139(4), 271 and 276CC

Reported in : [1980]124ITR438(MP)

as a proportion of the * tax ' inclusive of the additional surcharge levied by virtue of the Compulsory Deposit Scheme, 1963 ' 2. The relevant assessment year is 1963-64, the previous year ended on Diwali 1962. The assessee … I.T. Act, 1961, by 30th June, 1963. The return was filed on 9th April, 1964, and thus there was a delay of 9 months. A … G.P. Singh, Actg. C.J.1. This is a reference by the Income-tax Appellate Tribunal under Section 256(1) of the I.T. Act, 1961,

Visalakshi Vs. Income-tax Officer, City Circle Ii, Bangalore and ors.

Court : Karnataka

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 4, 4(3), 4(5), 4(10), 12, 13 and 156; Compulsory Deposit Scheme Act, 1963 - Sections 4(3); Finance Act, 1963

Reported in : [1968]67ITR150(KAR); [1968]67ITR150(Karn)

Scheme, 1963, made by the Central GOvernment in exercise of the power conferred by section 5 of the Compulsory Deposit Scheme Act, 1963 (Act No. XXI of 1963). 2. The question arises thus : he Compulsory Deposit Scheme Act, 1963 (Act … the petitioners before us had to make the deposit not later than June 30, 1964, but did not. 9. The assessments in respect of all of them for the relevant assessment year were made only after June

Commissioner of Income-tax Vs. V.V.S. Sarma and anr.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 3; Pondicherry (Taxation Concessions) Order, 1964; Taxation Laws (Extension to Union Territories) Regulation, 1963; Finance Act

Reported in : [1977]110ITR778(Mad)

additional surcharge on residual income was computed on the amount of additional surcharge after deducting the amount of compulsory deposit paid under the Compulsory Deposit (Income-tax Payers) Scheme, 1963. Both the assessees preferred appeals before the Appellate Assistant … 1964, as the last date, but covering a period of 15 months. 9. On the other hand, it was contended by the learned counsel for … V. Ramaswami, J.1. The Income-tax Act, 1961, was extended to the Union Territory of Pondicherry by the Taxation Laws (Extension to Union Territories) Regulation … French law and some had not suffered the tax. The Regulation inserted Section 294A conferring power on the Central Government, if it considered it necessary

San Antonio Indep. Sch. Dist. Vs. Rodriguez

Court : US Supreme Court

Subject : Education

of educators and legislators, was appointed to explore alternative systems in other States and to propose a funding scheme that would guarantee a minimum or basic educational offering to each child and that would help overcome inter-district … district supplements state aid through an ad valorem tax on property within its jurisdiction. Appellees brought this class action on behalf of school children said to be members of poor families who reside in school districts having … noted probable jurisdiction to consider the far-reaching constitutional questions presented. 406 U.S. 966 (1972). For the reasons stated in this opinion, we reverse the decision