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Chhotalal and Co. (Esso) Vs. Commissioner of Income-tax, Gujarat

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 271(1); Finance Act, 1965 - Sections 24(11)

Reported in : [1976]104ITR500(Guj)

error in not considering the correspondence which constituted the background of the declaration ultimately made under the aforesaid Finance Act of 1965. In this connection Mr. Pastel drew our attention to the aforesaid two letters of March 25, … appears before the assessment order was actually passed, the assessee filed on March 25, 1965, a disclosure-petition under section 24(11) of the Finance (No. 2) Act of 1965 addressed to the Commissioner of Income-tax making the following

Sunita Sabharwal Vs. Commissioner of Income-tax

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 139 and 140; Finance (No. 2) Act, 1965 - Sections 24 and 24(4); Hindu Minority and Guardianship Act, 1956 - Sections 6, 8 and 11

Reported in : [1973]92ITR377(Delhi)

1967 is Miss Sunita Sabharwal, minor daughter of H. L. Sabharwal. Section 24 of the Finance (No. 2) Act, 1965, provided for voluntary disclosure of income on conditions mentioned therein, by a person who had failed to furnish … only after the father, i.e., if the father was no more in existence or capable to act. 8. Section 11 of the Hindu Minority and Guardianship Act also provides that, after the commencement of this Act, no person

George Da Costa Vs. Controller of Estate Duty in Mysore, Bangalore

Court : Supreme Court of India

Subject : Other Taxes

Acts : Estate Duty Act, 1953 - Sections 2(16), 5 and 10; Customs and Inland Revenue Act, 1881 - Sections 38(2); Customs and Inland Revenue (Amendment) Act, 1889 - Sections 11; Finance Act, 1965

Reported in : AIR1967SC849; [1967]63ITR497(SC); [1967]1SCR1004

was not justified. We are unable to accept this argument as correct. The amendment brought about by the Finance Act, 1965 was effective only from April 1, 1965 and was not retrospective. We think that the insertion of the … of the Customs and Inland Revenue Act, 1881, as amended by s. 11 of the Customs and Inland Revenue Act, 1889. 8. The second part … included in the estate of the deceased as property passing of deemed to pass on his death under section 10 of the Act ?' 3. The High Court answered the question in the affirmative, holding that the

Kalawati Devi Harlalka Vs. Commissioner of Income-tax, West Bengal and ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Indian Income-tax Act 1922 - Sections 18A, 23, 23A, 25, 25A, 29, 31, 33, 33B, 34, 35, 44, 60(1), 131 to 136, 140 to 146, 147, 148, 149, 150, 153, 156 to 158, 185, 187 to 189, 282 to 284 and 288; Constitution of India - Article 226; Income-tax Act, 1961 - Sections 297, 297(1), 297(2) and 298; General Clauses Act - Sections 6; Income-tax (Removal of Difficulties) Order, 1962; Finance Act, 1950 - Sections 3, 11, 12, 13 and 13(1); Payment of Bonus Act, 1965 - Sections 37

Reported in : AIR1968SC162; [1967]66ITR680(SC); [1967]3SCR833

'Now the question is in what sence has the work 'assessment' been used in section 13(1) of the Finance Act, 1950. Two circumstances may be noticed at once. The long title says that the Finance Act, 1950, is … cover the validity of the section itself. Furthermore, the terms of s. 37 of the Payment of Bonus Act, 1965 are different and the Bonus Act is not a taxing law. 27. In the result the appeal fails … giving effect to the provisions of any of the Acts, rules or orders extended by section 3 or section 11 to any State or merged territory, the Central Government may, by order, make such provision, or give such

R.B. Shreeram Durgaprasad (P) Limited Vs. The Commissioner of Income-t ...

Court : Mumbai Nagpur

Subject : Direct Taxation

(1981) 3 SCC 441, the Hon'ble Apex Court has held that voluntary declaration under Section 24 of the Finance Act, 1965, relates to income earned by the declarant only. It is held that when such declaration is made by … Income Tax Act. The circular mentions that in spite of clear instructions issued by Board on 24.02.1967, neither Section 11 of the Income Tax Act, 1922, which gave option to the Department to tax either the representative assessee

Commissioner of Wealth-tax Vs. Girdhari Lal

Court : Delhi

Subject : Direct Taxation

Acts : Finance Act, 1965 - Sections 68, 68(1) and 68(3); Wealth Tax Act, 1957 - Sections 2; Income Tax Act, 1961; Income Tax Act, 1922

Reported in : [1975]99ITR79(Delhi)

assessed of the income-tax paid by the firm on the amounts disclosed voluntarily under Section 68 of the Finance Act, 1965, is a debt under Section 2(m) of the Wealth-tax Act, 1957, on the dates of valuation for the

Pioneer Trading Syndicate Vs. Commissioner of Income-tax

Court : Allahabad

Subject : Direct Taxation

Acts : Finance (No. 2) Act, 1965 - Sections 24(9), 24(10), 24(11) and 24(15)

Reported in : (1979)12CTR(All)349; [1979]120ITR5(All); [1979]2TAXMAN469(All)

company, at the rates specified in Paragraph A, and..... of Part I of the First Schedule to the Finance Act, 1965 (X of 1965), as if such amount were the total income of the declarant, so, however, that- (i) … rival submissions will depend upon the interpretation of the various provisions of the Finance (No. 2) Act of 1965. Section 24 of this Act was headed as 'voluntary disclosure of income'. It consists of sixteen sub-sections. Sub-section (1) … a company the voluntarily disclosed income is deemed to be earned income. 11. Under Sub-section (7), the Commissioner, on receipt of the declaration, shall forward

Manilal Gafoorbhai Shah Vs. Commissioner of Income-tax, Gujarat

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 9, 11, 24, 24(1), 24(2), 24(4), 24(9), 132, 139, 142, 143, 146 and 148; Finance Act, 1965 - Sections 24

Reported in : [1974]95ITR624(Guj)

Mehta, J.1. This reference involves the interpretation and effect of the Finance (No. 2) Act of 1965 (Act No. 55 of 1965), which is hereinafter referred to as the Act, … (No. 2) Act of 1965 had already come into force having received the President's assent on 11th September, 1965. Section 24 of this Act enabled every person, who had failed to furnish a return of his income in … 1965 had already come into force having received the President's assent on 11th September, 1965. Section 24 of this Act enabled every person, who had

Subhag Singh Gurcharan Singh Vs. the Sales Tax Commissioner and ors.

Court : Delhi

Subject : Sales Tax

Acts : Bengal Finance (Sales Tax) Act, 1941 - Sections 11; Constitution of India - Article 14

Reported in : ILR1975Delhi7b; [1976]37STC49(Delhi)

Officers, and against a notification No F. 4(33)/64-Fin. (B) dated June 30, 1965, issued by the Under Secretary, Finance (Expenditure), Delhi Administration, Delhi.(3) The various … nine Writ Petitions (hereinafter referred to as the 'petitioners'), are all dealers registered as such under the Bengal Finance (Sales Tax) Act, 1941, as in force in the Union Territory of Delhi (hereinafter referred to as the … subsequent assessment years in other cases, and the deductions were granted. However, the authorities subsequently issued notices under Section 11 A of the Sales Tax Act for re-assessment in respect of those years. Thereupon, the refugee Old Motor

Jerome (Appellant) Vs. Kelly (Her Majesty's Inspector of Taxes (Respon ...

Court : House of Lords

Subject : Land Acquisition

trusts has been part of the architecture of the capital gains tax since it was introduced by the Finance Act 1965: see sections 22(5) and paragraph 13(1) of Schedule 7. Indeed, goes back even further, being derived from similar … 1962, which imposed income tax under a new Case VII of Schedule D on short-term capital gains: see section 11(5) and (8). At the time of the transactions which give rise to this appeal, the relevant provisions were