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Rajakumari Mathuramba Rajayi Vs. First Expenditure-tax Officer

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1964 - Sections 53; Expenditure-tax Act, 1957; Income Tax Act

Reported in : [1969]73ITR145(Mad)

Veeraswami, J.1. This petition turns on the application of Section 53 of the Finance Act, 1964, to the expenditure incurred by the deceased, Shanmugha Raja, between July 1, 1962, and March 11, 1963. After

A.S.K. Brothers Ltd. Vs. Dy. Cit/Dy. Cit V. A.S.K. Brothers

Court : Income Tax Appellate Tribunal ITAT

Subject : Land Acquisition

Reported in : (2001)70TTJ(Bang.)673

for any financial year commencing on or after 1st day of April, 1962. But section 53 of the Finance Act, 1964 (5 of 1964) enacted that notwithstanding anything contained in section 13 of the Finance (No. 20 Act, 1962),

Addl. Commissioner of Income-tax, Delhi-i Vs. Mrs. Avtar Mohan Singh

Court : Delhi

Subject : Direct Taxation

Acts : Gift Tax Act, 1958 - Sections 2, 4 and 4(1); Income Tax Act, 1961 - Sections 2(14), 2(22A) and (24), 14, 45, 46, 47, 48, 49, 50, 51, 52, 52(1) and (2), 53, 54, 54B and D, 55, 55A, 119 and 256(1)

Reported in : (1982)27CTR(Del)32; [1982]136ITR645(Delhi)

s. 119 of the Act is also in the same strain. It read : 'Section 13 of the Finance Act, 1964, had introduced a new subsection (2) in section 52 of the Income-tax Act with a view to countering … 1974, which has not been set out as it is not relevant for the present case. 15. Sections 53, 54, 54B and 54D of the Act pertain to certain exemptions which are not relevant. Section 55 deal

Ags Entertainment Private Limited Vs. Union of India

Court : Chennai

Subject : Land Acquisition

Declaration, or any other appropriate writ, order or direction under Article 226 declaring that Section 65(105)(zzzzt) of the Finance Act, 1994 as amended by Finance Act, 2010 unconstitutional and ultra vires, Article 246 of the Constitution of India

Glaxo Laboratories (India) Ltd. Vs. Second Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1986)18ITD226(Mum.)

of benefit, amenity or perquisite]. We may elucidate by referring to legislative changes.Section 40(c)(iii), as amended by the Finance Act, 1964, put a ceiling of one-fifth of salary, on all expenditure on employees resulting in benefit, amenity or perquisite.

Pramod Kumar Gupta Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1991)39ITD1a(Delhi)

Act was enlarged by insertion of Sub-clauses (v) & (vi) and Explanation, of the said section by the Finance Act, 1987 w.e.f. 1-4-1988. The thrust of the argument was that if a transaction involving the allowing of possession … property to be taken or retained in part performance of a contract of the nature referred to in Section 53 A of the Transfer of Property Act was to be included in the definition of transfer for the

Commissioner of Income-tax Vs. H.H. Lokendra Singh

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 45 and 48

Reported in : (1996)134CTR(MP)149; [1997]227ITR638(MP)

CIT v. B. C. Srinivasa Setty : [1981]128ITR294(SC) . 9. Section 45(1) of the Act inserted by the Finance Act, 1964, with effect from April 1, 1964, envisages that : ' 45. (1) Any profits or gains arising from … the transfer of a capital asset effected in the previous year shall, save as otherwise provided in Sections 53, 54, 54B, [...] 54D, 54E, 54F and 54G, be chargeable to income-tax under the head 'Capital gains', and

M/S. Orissa Cement Ltd. and ors. Vs. State of Orissa and Others

Court : Supreme Court of India

Subject : Other Taxes

Acts : Orissa Cess Act, 1962 - Sections 5, 6, 7 and 10; Constitution of India - Articles 32, 136, 142, 226, 245, 265, 301 and 304; Madhya Pradesh Upkar Adhiniyam, 1982 - Sections 11; Orissa Mining Areas Development Fund Act, 1952 - Sections 3, 4, 5; Local Mines Labour Welfare Fund Act, 1947; Madras Panchayats Act, 1958 - Sections 115(1) and 116; Orissa Cess Rules, 1963 - Rule 6A; Orissa Municipal Act, 1950; Orissa Grama Panchayats Act, 1948; Orissa Panchayat Samiti and Zila Parishad Act, 1959; Orissa Grama Panchayat Act, 1964; Bihar Finance Act, 1981; Bihar Finance Act, 1982; Madhya Pradesh Upkar Adhiniyam, 1981; Madhya Pradesh Upkar (Sanshodhan) Adhiniyam, 1987; Madhya Pradesh General Clauses Act, 1957 - Sections 24-A; Madhya Pradesh General Sales Tax Act, 1958 - Sections 3; The Ma

Reported in : AIR1991SC1676; JT1991(2)SC439; 1991(1)SCALE617; 1991Supp(1)SCC430; [1991]2SCR105

introduced in Section 4 of the Act by an ordinance of 1975. It was amended by the Bihar Finance Act, 1981 and then by the Bihar Finance Act, 1982. The definition as amended, w.e.f. 1.4.1982, by the latter … contribution to Samitis. Explanation-In this section 'Grama Panchayat' means & Grama Panchayat constituted under the Orissa Grama Panchayat Act, 1964 and 'Samiti' means a 'Panchayat Samiti' constituted under the Orissa Panchayat Samitis Act, 1959. (2) The proportion in … controversies that led to India Cement. Hingir Rampur Case [1961 2 S.C.R. 537] 6. As early as in 1960, this Court had to consider the

H.F. Craig Harvey Vs. Third Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (1988)25ITD1(Mad.)

by the Finance (No. 2) Act of 1977 with effect from 1-4-1978 and subsequently as 1-4-1974 by the Finance Act of 1986 with effect from 1-4-1987.We derive support for this view of ours from the Twelfth Schedule of … is available only in respect of an asset which became the property of the assessee before 1st January 1964. Since the shares sold by the assessee became his property long after 1-1-1964, i.e., on 1-7-1974, he is … effected in the previous year shall, save as otherwise provided in Sections 53, 54, 54B, 54D, 54E and 54F, be chargeable to income-tax under the … shares amounting to Rs. 54.599.2. In the final assessment order passed under Section 143(3) read with Section 144B of the Income-tax Act, 1961 on 20-7-1981,

Sukhdev Singh, Oil and Natural Gas Commission, Life Insurance Corporat ...

Court : Supreme Court of India

Subject : Constitution

Acts : Constitution of India - Article 12

Reported in : AIR1975SC1331; [1975(30)FLR283]; 1975LabIC881; (1975)ILLJ399SC; (1975)1SCC421; [1975]3SCR619

removal from service contrary to regulations framed under the Oil and Natural Gas Commission Act, 1959; the Industrial Finance Corporation Act, 1948; and the Life Insurance Corporation Act, 1956 would enable the employees to a declaration against … the provisions of this Act. The Development Bank means the Industrial Development Bank established under the Industrial Development Act, 1964. The shares of the Central Government in the Corporation shall stand transferred to the Development Bank when the … for public purpose. The Commission extracts petroleum from the land. Entry No. 53 in List I of the Seventh Schedule speaks of regulation and development … appoint one of the members as Vice Chairman of the Commission. under Section 12 of the 1959 Act the Commission may, for the purpose of