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Commissioner of Income-tax Vs. Central Bank of India Ltd.

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(10), 2(24), 45, 52, 52(2), 85A, 108, 115 and 119

Reported in : (1990)92BOMLR31; [1990]185ITR6(Bom)

and the Memorandum explaining its provisions.13. Mr. Dalvi then drew our attention to the Explanatory Notes to the Finance Act, 1965, issued under Circular No. 3-P dated, October 11, 1965. It is not disputed that this Circular was issued … case may be.'14. A similar Circular No. 4-P was issued on July 21, 1966, in regard to the Finance Act, 1966. The relevant clause therein … S.P. Bharucha J.1. This is a reference made at the instance of the Revenue, under the provisions of section 256(1) of the Income-tax Act, 1961. It raises, in regard to the assessment year 1967-68, the following question

Jeewanlal (1929) Ltd. Vs. Commissioner of Income-tax (Central) and ors ...

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 251 and 263; ;Finance Act, 1965 and 1966

Reported in : [1977]106ITR33(Cal)

business consists of manufacture of aluminium articles as detailed in Part III of the First Schedule to the Finance Act, 1965. Accordingly, the petitioner claims that the petitioner is entitled to necessary rebate as contemplated by Paragraph F(1)(b)(ii)(a) of … admissible in law to the applicant on export sales and export profits. 21. The next grievance is against the Income-tax Officer not allowing the rebate … under article 226 of the Constitution the petitioner has challenged the notice dated 4th November, 1974, issued under Section 263 of the Income-tax Act, 1961. The petitioner is a public limited company engaged in the business of

Flores Gunther Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (1987)22ITD504(Hyd.)

invoked. The learned Commissioner found that an Explanation was newly added under Section 9(l)(ii) by the provisions of Finance Act, 1983, with retrospective effect from 1-4-1979 which reads as under : For the removal of doubts it is … Hyderabad, which is a Government of India undertaking had entered into agreements with M/s. Siemens, West Germany on 21-6-1974. So also the said company entered into collaboration agreement with M/s. Nuovo Pignone of Italy for manufacture of

State of Karnataka and ors. Vs. Thirumala Distilleries

Court : Karnataka

Subject : Excise

Acts : Karnataka Excise Act, 1965 - Sections 16(3), 22, 23, 36 and 45; Karnataka Excise (Distillery and Warehouse) Rules, 1967 - Rules 24, 25, 26 and 34; Karnataka Excise (Excise Duties and Fees) Rules, 1968 - Rule 2; Evidence Act, 1872 - Sections 3, 4, 17 and 114; Constitution of India

Reported in : 2004(6)KarLJ194

99, replacing earlier legislation). Further it was pointed out that the capital gains tax legislation (starting with the Finance Act, 1965) does not contain any provision corresponding to Section 460. The intention should be deduced, therefore, it was said, … exercise the power conferred on them. The first demand of Rs. 27,52,000/- and the modified demand at Rs. 21,18,989/- is based on notional levy of excise duty on the rectified spirit. It is stated that such a

Tomlinson (inspector of Taxes) Vs. Glyns Executor and Trustee Co. and ...

Court : Kolkata

Subject : Direct Taxation

Reported in : [1969]74ITR798(Cal)

: what is the rate of the capital gains tax which is chargeable on that capital gain The Finance Act, 1965, draws a distinction between corporations and trustees, on the one hand, and ordinary individuals on the other hand. … prefer to have half of the gain added to my income and be assessed on the total' (see section 21 (1)). That is a very considerable benefit to ordinary individuals. In most cases, if an ordinary individual adds

Shri Octaviano Teogono Alcacoas Vs. Smt. Rosa Milagrina A. Esmeana Mor ...

Court : Mumbai

Subject : Civil

Reported in : 2005(1)ALLMR758; (2005)107BOMLR936

23.3.1979. Thus, where loan was granted by Bank of India under Agricultural Finance Scheme towards purchase of Air Compressors, Drilling Rods and other Accessories. Use … has not been repealed, as there is no corresponding provision in the Goa, Daman and Diu Suits Valuation Act, 1965. Mr. Menezes, has also relied upon certain decisions, to which I will make a reference a little later.10. … went against the defendant.18. In this context, Mr. Nadkarni, learned Senior Counsel has referred to Sub-section (2) of Section 21 of the Civil Procedure Code, 1908. Section 21 deals with objections to jurisdiction. Sub-section 2 of Section 21

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 … one anna in the rupee as allowed by the Finance Act, 1951. This additional tax amounted to Rs. 21,115-4-0. This additional tax was levied under the provisions of the Finance Act, 1951, the tax was levied on

Commissioner of Income-tax, Central Vs. Hindusthan Motors Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Section 33(1) and 80E; ;Finance Act, 1965

Reported in : [1981]127ITR210(Cal)

in Para. F read with items (10) and (21) of Part III of the First Schedule to the Finance Act, 1965, the Tribunal was right in holding that the assessee is entitled to rebate of tax at the higher … Sabyasachi Mukharji, J. 1. In this reference under Section 256(1) of the I.T. Act, 1961, we have been referred two questions for two different years which are

Commissioner of Income-tax (Central) Vs. Oriental Co. Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 5(1), 8, 91, 194 and 198

Reported in : (1981)25CTR(Cal)75,[1982]137ITR777(Cal)

such income is only franked investment income if the recipient is a company resident in the United Kingdom. (Finance Act, 1965 Section 48(1)). Such a company is not chargeable to corporation tax thereon (Finance Act, 1965, Section 50(2)(a)), and so … at source was explained by Lord Han worth in the case F.H. Hamilton v. IRC [1931] 16 TC 213 . There, his Lordship emphasised that the rule was plain enough. It clearly entitled the deductor to retain

Kantilal Popatlal Shah and ors. Vs. State of Gujarat and anr.

Court : Gujarat

Subject : Municipal TaxConstitution

Acts : Bombay Finance Act, 1932 - Sections 20, 21, 21(1), 21(7), 22, 23, 24, 24(2), 58(1) and 76; Constitution of India - Articles 14, 19(1), 143, 226 and 245; Bombay Municipal Boroughs Act, 1925 - Sections 69(1), 75, 76, 77, 78, 79, 80, 81, 81(2), 81(3), 81(4), 82, 84, 124, 490 and 493; Valuation and Taxation Rules - Rules 243, 320, 321 and 350A; Bombay Finance (Amendment) Act, 1939; Bombay Provincial Municipal Corporations Act, 1949; Delhi Laws Act, 1912; Travancore Cochin Land Taxes Act, 1955 - Sections 5A

Reported in : AIR1966Guj268; (1966)GLR96

In regard to Government taxation too there were various taxes levied by the Provincial Government under the Bombay Finance Act, 1932, but there was no tax on open lands or for the matter of that even on buildings. … alia to the limits of the Municipal Borough of Ahmedabad and certain other notified areas. Sub-section (1) of Section 21 defined 'annual letting value' to mean in relation to the Municipal Borough of Ahmedabad, 'the annual letting value