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Trilok Chand JaIn Vs. Dagi Ram Pindi Lall and ors. Overruled

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 54; Income Tax Act, 1961 - Sections 137; General Clauses Act, 1897 - Sections 6

Reported in : ILR1985Delhi331; [1974]95ITR34(Delhi)

provisions continued to be in force till April 1, 1964, on which date, by section 32 of the Finance Act No. 5 of 1964, section 137 was omitted, and by section 33 thereof, section 138 was substituted by

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

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. … could be instituted by Government could be instituted by the board and those already instituted could be continued. Section 63 speaks of sub-venations made to the board and provides that the State Government with the approval of the … 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

Larsen and Toubro Ltd. and ors. Vs. State of Bihar and ors.

Court : Patna

Subject : Sales Tax

Acts : Constitution of India - Articles 286 and 366(29A); Bihar Finance Act, 1981 - Sections 2, 25A, 25A(2) and 25A(7); Bihar Taxation Laws (Amendment and Validation) Act, 1993; Central Sales Tax Act, Sections 3, 4, 5, 14 and 15

Sachchida Nand Jha, J. 1. The vires of Section 25-A of the Bihar Finance Act, 1981 and the related rules and notification regarding deduction of sales tax at source from the contractors' bills … observations of the Supreme Court in the case of Khyerbari Tea Co. Ltd. v. State of Assam AIR 1964 SC 925, may be noticed : 'It may be conceded that when the Legislature constructs a machinery for … in the case of Geeta Prasad Singh and Co. v. State [1986] 63 STC 337 (Pat) rendered prior to the decision of the Supreme Court

Chhotabhai Jethabhai Patel and Co. Vs. Commissioner of Income-tax, Guj ...

Court : Gujarat

Subject : Direct Taxation

Acts : Finance Act, 1965 - Sections 24(2) and 68; Income Tax Act, 1961 - Sections 271(1)

Reported in : (1981)22CTR(Guj)173; [1982]134ITR201(Guj)

31, 1965, addressed to the Commissioner and this was considered as an application under s. 68 of the Finance Act of 1965 declaring Rs. 41.50 lakhs as the amount together with interest. This declaration was accepted by the … disallowed as under: (a) for A.Y. 1962-63 Rs. 5,37,895 (b) for A.Y. 1963-64 Rs. 5,81,989 (c) for A.Y. 1964-65 Rs. 6,29,060 2. Whether, on the facts and in the circumstances of the case, the Tribunal was justified … the case, Tribunal was justified in holding that imposition of penalties under section 271(1)(c) was justified for, (a) assessment year 1962-63, (b) for assessment year

Commissioner of Income-tax Vs. Chandrakant M. Tolia

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28, 68, 143(3), 147, 271, 271(1), 274(1), 274(2), 275, 297 and 297(2)

Reported in : (1991)96CTR(Mad)117; [1992]195ITR593(Mad)

concealment in the present case should be levied under section 271(1)(c) read with the Explanation introduced by the Finance Act, 1964. 11. According to learned counsel for the assessee, the Explanation to section 271(1)(c) would not be applicable to

Commissioner of Income-tax Vs. Balakrishna Textiles and Others

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 27(1), 143, 144, 147, 271(1), 271(4A) and 274(2)

Reported in : (1990)89CTR(Mad)224; [1992]193ITR361(Mad)

years in question, inclusive of the assessment year 1964-65 in respect of which the Explanation inserted by the finance Act, 1964, with effect from April 1, 1964, stood attracted. Aggrieved by this, the assessees preferred appeals before the tribunal … Ratnam, J.1. In these tax case reference under section 256(2) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'), at the instance of the Revenue, … in Kandasami Mudaliar and Sons (K. P.) v. CIT [1985] 156 ITR 638, it had been pointed out that proceedings under section 271(1)(c) and under

J.K. Steel Ltd. Vs. Union of India (Uoi)

Court : Supreme Court of India

Subject : Excise

Acts : Central Excise Act, 1944; Indian Tariff Act, 1934; Finance Act, 1962; Central Excise Rules, 1944 - Rules 9(2) and 10

Reported in : AIR1970SC1173; 1978(2)ELT355(SC); [1969]2SCR481

Schedule of the Central Excises and Salt Act, 1944 (I of 1944)-hereinafter referred to as the Excise Act--by Finance Act (No. 2), 1962 (XX of 1962) with effect from April 24, 1962. This reads as under: "26-AA.IRON OR … appeal to the Collector of Central Excise who dismissed their appeal as per his order of March 19, 1964, with these observations: "The crucial point of this appeal is whether counter vailing import duty was paid by … I am not able to appreciate how the insertion of item No. 63 (36) in the First Schedule of the Tariff Act or the subsequent … steel ingots,as the case rolled forced or extruded may be. shapes and sections,not other- wise specified. (ii) Plates and sheets, other Seven and a half

Assistant Commissioner of Income Vs. Beehive Engineering and Allied

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Land Acquisition

Reported in : (2002)81ITD330(Hyd.)

rejected this contention on the ground that Section 55 of the IT Act has been amended by the Finance Act, 1987, so as to make capital gains even in the matter of goodwill exigible to tax, and, therefore, … Hyderabad, dt. 16th July, 1996, for the asst. yr. 1991-92, whereby the CIT(A) deleted an addition of Rs. 63,600 made by the AO under the head 'Capital gains'. The gist of the grounds taken by the Revenue

Addl. Commissioner of Income-tax Delhi-i Vs. Delhi Cloth and General M ...

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10, 17, 35(2), 36, 37, 37(2A), 40, 40(C) and 256(1); Finance Act, 1964

Reported in : [1983]144ITR275(Delhi)

was right in law in holding that the provision of section 40(c)(iii) as it stood amended by the Finance Act, 1964, were applicable in the instant case and the sum of Rs. 64,678 disallowed by the Income-tax Officer on