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Prem Cables Pvt. Ltd. Vs. Assistant Collector (Principal Appraiser) Cu ...

Court : Rajasthan

Subject : ExciseCustoms

Acts : Indian Tariff Act, 1936 - Sections 2, 2A, 2A(1) and 2A(2); Customs Act, 1962 - Sections 2, 12(1), 25, 25(1), 27, 27(1), 128 and 131; Finance Act, 1965 - Sections 26(1), 76(1) and 77; Constitution of India (Fifteenth Amendment) Act, 1963 - Sections 8; Sea Customs Act - Sections 23; Finance Act, 1964 - Sections 57(1); Central Excise Act, 1944; Finance Act, 1960; Indian Tariff Act, 1934; Central Excise (Conversion to Metric Units) Act, 1968; Finance Act, 1969; Evidence Act - Sections 106; Limitation Act, 1963 - Sections 17(1); Limitation Act, 1908 - Schedule - Articles 24, 62 and 96; Constitution of India - Articles 19, 32, 136, 226 and 226(1A); Contract Act - Sections 72; Orissa Sales Tax Act - Sections 4, 14 and 19; Uttar Pradesh Sales Tax Act; Code of Civil Procedure (CPC) - Sectio

Reported in : 1981(8)ELT440(Raj); 1978(11)WLN481

26 (1) of the Finance Act, 1965 and subsequently incorporated in Section 57(1) of the 1964 Act and Section 76(1) of the 1965 Act. These … goods were further chargeable to regulatory duty of 10% then in force levied under Section 77 of the Finance Act, 1965. The duty @ Rs. 360 per M.T. was levied by the Central Government in exercise of the … No. 82-Customs, dated March 1, 1963, No. 171-Customs, dated July 27, 1963 and No. 136-Customs dated October 3, 1964. In the said Notifications so amended, Aluminium' Rods Electrolytic Aluminium Wires and Electroltyic Aluminium Ingots were imported' for

Maharashtra State Electricity Board, Bombay Vs. Its Workmen (Excluding ...

Court : Mumbai

Subject : Labour and Industrial

Acts : Payment of Bonus Act - Sections 2 2(16), 20 and 32; Industrial Disputes Act, 1947 - Sections 2, 10(1), 12 and 12(5)

Reported in : (1968)IILLJ552Bom

of 1963), also provides for share capital and shareholders under S. 5. The Industrial Development Bank of India Act, 1964 18 of 1964), refers to authorized and issued capital under S. 4. The Unit Trust of India Act. … a licence, its position is the same as that of a licensee under the Indian Electricity Act, 1910. Section 57 of the Electricity (Supply) Act provides that the provisions of Schs. VI and VII shall be deemed to … the Maharashtra State Electricity Board is a corporation which is almost wholly financed by the State Government. According to Sri Phadke, the board is exempt

Godrej and Boyce Manufacturing Co.Ltd. Vs. Dy.Commr. of I.T.Mumbai and ...

Court : Supreme Court of India

Subject : Land Acquisition

The learned Tribunal held that sub-sections (2) and (3) of Section 14A of the Act (inserted by the Finance Act, 2006 with effect from 1st April, 2007) were retrospectively applicable to the Assessment Year 2002-2003 and, therefore, the … income referred to in Section 115-O of the Act is excluded from the provisions of deductions contained in Section 57 inasmuch as such income does not form a part of the total income in view of Section 10(33)

Pentakota Surya Appa Rao and ors. Vs. Pentakota Seethayamma and ors.

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 54; Income Tax Act, 1961 - Sections 137 and 138; Evidence Act, 1872 - 74(1); Finance Act, 1964; General Clauses Act - Sections 6

Reported in : [1976]103ITR222(AP)

departure was made by : Parliament from the provisions of Sections 137 and 138. By and under the Finance Act, 1964, Section 137 was omitted and Section 138 was substituted by a new section. The newly recast Section 138 is

Ahmed Ibrahim Sahigra Dhoraji Vs. Commissioner of Wealth Tax, Gujarat

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2, 17, 16(3), 27 and 29(1); Finance Act, 1965 - Sections 68, 68(1), 68(2), 68(3), 68(4), 68(5), 68(6) and 68(7); Income Tax Act, 1922 - Sections 3; Income Tax Act, 1961 - Sections 4; Excess Profits Tax Act, 1940; Business Profits Tax Act, 1947; Companies (Profits) Surtax Act, 1964; Finance Act, 1951; Finance Act, 1953

Reported in : AIR1981SC1562; (1981)21CTR(SC)356; [1981]129ITR314(SC); 1981(1)SCALE694; (1981)3SCC77; [1981]3SCR402

respect of income-tax payable on the concealed income disclosed by the assessee pursuant to Section 68 of the Finance Act, 1965 is deductible under Section 2(m) of the Wealth-tax Act, 1957, in computing the net wealth of the … in computing the net wealth of the assessee for the assessment years 1959-60, 1960-61, 1961-62, 1962-63, 1963-64 and 1964-65.(2) Whether the Tribunal was right in holding that the liability to pay tax on the amount disclosed under

Commissioner of Income-tax Vs. Jiyajeerao Cotton Mills Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Companies (Profits) Surtax Act, 1964 - Schedule - Rule 1; ;Companies (Profits) Surtax (Amendment) Act, 1981; ;Income Tax Act, 1961 - Sections 57, 80K, 80L and 80M; ;Finance Act, 1981

Reported in : [1985]154ITR323(Cal)

amount of dividend should be excluded from the total income, Rule 1 has since been amended by the Finance Act, 1981, adding an Explanation at the end of Rule 1. This Explanation provides that in computing the chargeable … court under Section 256(1) of the I.T. Act, 1961, read with Section 18 of the Companies (Profits) Surtax Act, 1964 : ' Whether, on the facts and in the circumstances of the case, and on a correct interpretation … and to confine these words only to such income as has been reduced by applying the provisions of Section 57 or Section 80M or any other provisions of the I.T. Act, 1961. Therefore, while computing the chargeable profits

income-tax Officer Vs. Metazinc (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1987)22ITD414(Mum.)

Explanation to Rule 1 of the First Schedule to the Companies (Profits) Surtax Act, 1964 inserted by the Finance Act, 1981 with effect from 1-4-1981 was similar to Section 80AA of the Income-tax Act, 1961 inserted by the … 80M are the gross dividends or the gross dividends as reduced by the interest and the expenses under Section 57 of the Income-tax Act, 1961 for earning them and not whether they should be further reduced by the

Hotel Elite and ors. Vs. State of Kerala and ors.

Court : Kerala

Subject : Sales TaxConstitution

Reported in : [1988]69STC119(Ker)

and others classified as 'star hotels' having above two stars. The petitioners challenge the validity of the Kerala Finance Act 18 of 1987 in so far as it relates to the imposition of sales tax on item 67 … of 'khandsari' in the definition of 'agricultural products' in Section 2(a) of the U.P. Krishi Utpadan Mandi Adhiniyam (Act), 1964 leaving out 'khandsari sugar' and made subject to regulations under the Act by way of licences, etc., was … Third Schedule was amended by adding the words 'not falling under entry 57 of the First Schedule'. By entry 57 of the First Schedule introduced

Badridas Keshawprasad Vs. Deputy Cit

Court : Income Tax Appellate Tribunal ITAT West Bengal

Subject : Direct Taxation

is leviable. In this connection the Explanation to section 271(1)(c) of the Income Tax Act inserted by the Finance Act, 1964 which reads as follows : "ExplanationWhere the total income returned by any person is less than eighty per … Officer towards interest for the acquisition of shares by the assessee in BNE should be allowed under section 57(iii) of the Income Tax Act, 1961. As already held by the Tribunal in its decision dated 21-1-1980 in

Badridas Keshawprasad Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT West Bengal

Subject : Land Acquisition

and is leviable.In this connection the Explanation to section 271(1)(c) of the IT. Act was inserted by the Finance Act, 1964 which reads as follows : "Explanation - Where the total income returned by any person is less than … ITO towards interest for the acquisition of shares by the assessee in BNE should be allowed under section 57(iii) of the Income-tax Act, 1961. As already held by the Tribunal in its decision dated 21-1-1980 in the