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JaIn Bros. and ors. Vs. the Union of India (Uoi) and ors.

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 2(2), 3, 22, 22(2), 23, 23(5) and 26A; Finance Act, 1956 - Sections 14, 14(1), 14(2), 14(3), 14(4) and 23(5); Income Tax Act, 1961 - Sections 271, 271(1), 271(2), 274, 274(1), 275, 276 and 297(2); General Clauses Act - Sections 3(42); Payment of Bonus Act, 1965 - Sections 33

Reported in : AIR1970SC778; [1970]77ITR107(SC); (1969)3SCC311; [1970]3SCR253

computing the total income of the firm at Rs. 4,75,368. In view of the amendment made by the Finance Act of 1956 in Section 23(5) of the Act of 1922 the tax payable by the firm as also … Mill Mazdoor Union : (1966)IILLJ546SC hardly affords any parallel. There are retrospective operation of the Payment of Bonus Act 1965 which came into force in May 29, 1965 was made by Section 33, the provisions of which were … Income Tax Act, 1922. Appellants 2 to 5 are its partneRs. On May 26, 1960, a notice under Section 22(2) of that Act was served on the firm calling upon it to submit a return of its income

Jamnaprasad Kanhaiyalal Vs. Commissioner of Income Tax, M.P., Bhopal

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 68, 139, 256 and 257; Voluntary Disclosures of Income and Wealth Act, 1976 - Sections 18; Indian Income Tax Act, 1922; Finance Act, 1965 - Sections 24, 24(1), 24(3), 24(6) and 24(8)

Reported in : AIR1981SC1759; (1981)23CTR(SC)146; [1981]130ITR244(SC); (1981)3SCC441; [1981]3SCR849

Tax shall be entitled to his costs of the reference. Direct Taxation - disclosure - Section 24 of Finance Act, 1965, Section 68 of Income Tax Act, 1961 and Section 18 of Voluntary Disclosures Of Income and Wealth Act, 1976 … day of April, 1964-(a) for which he has failed to furnish a return within the time allowed under Section 22 of the Indian Income-tax Act, 1922 (11 of 1922), or Section 139 of the Income-tax Act, 1961 (43

The Commissioner of Income Tax and Another Vs. V.S. Dempo and Co. Pvt. ...

Court : Mumbai

Subject : Direct Taxation

w.e.f. 1-4-1989. Earlier, it was amended by the Finance Act, 1963, w.e.f. 1-4-1963, Finance Act, 1964, w.e.f. 1-4-1964, Finance Act, 1965, w.e.f. 1-4-1965, Finance Act, 1968, w.e.f. 1-4-1969, Finance (No. 2) Act, 1971, w.e.f. 1-4-1972, Finance Act, 1984, w.e.f. … gains of business or profession. Therefore, we do not make any reference to sections 15 to 17 and section 22 to 27 which deal with salaries and income from house property. 20. As far as profits and gains

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 … of April, 1964- (a) for which he has failed to furnish a return within the time allowed under Section 22 of the Indian Income-tax Act, 1922 (XI of 1922), or Section 139 of the Income-tax Act, 1961 (XLIII

Smith (inspector of Taxes) Vs. Schofield.

Court : Kolkata

Subject : Direct Taxation

Reported in : [1994]209ITR572(Cal)

the judge in reaching his decision.The Finance Act 1965Capital gains tax was introduced by Part III of the Finance Act 1965. Section 19(1) provided :'Tax shall be charged in accordance with this Act in respect of capital gains, that is … accordance with this Act and accruing to a person on the disposal of assets.'Under the rubric 'Chargeable gains,' section 22 contained rules for the disposal of assets and for the computation of gains. Thus section 22(9) provided :'The

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)

years by the concerned Sales Tax 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 petitioners, as registered dealers, have been … 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 … in accordance with the Act and the rules made there under.(13) Sections 22 and 22A contain provisions regarding offences punishable under the Act and the … the Rules made there under, namely, the Delhi Sales Tax Rules, 1951. Section 2(c) of the Sales Tax Act defines a 'dealer' as meaning any

M/s. Bharti Airtel Ltd. Vs. The Commissioner of Central Excise

Court : Mumbai

Subject : Service Tax

amount of Rs.2,04,39,093/- under provisions of Rule 14 of the Credit Rules read with Section 73 of the Finance Act,1994. In respect of towers and parts thereof, prefabricated building, printers and office chairs, the Commissioner observed that the … (e) M/s. J.K. Cotton Spinning and Weaving Mills Co. Ltd. Vs. Sales Tax Officer, Kanpur and Anr., (AIR 1965 SC 1310); (f) CCE Vs. Jay Engineering Works Ltd., (1989(39) ELT 169 (S.C.) (g) Indus Towers Ltd. Vs. … for providing output services can qualify as capital goods and none other. 22. Further the definition of ‘input as defined Rule 2(k) includes all goods,

Kirby (inspector of Taxes) Vs. Thorn E. M. I. Plc.

Court : Kolkata

Subject : Direct Taxation

Reported in : [1990]183ITR503(Cal)

to be considered are those for assessing chargeable gains of capital gains tax under Part III of the Finance Act 1965. Section 19(1) provides:'Tax shall be charged in accordance with this Act in respect of capital gains, that is to … United Kingdom resident. Except as otherwise proceeded, every gain accruing after 6 April 1965 is a chargeable gain: section 22(10). In general, the sums allowable as a deduction from the consideration in computing the amount of a gain

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. … (1) of the Act defines 'settled property' as 'any property held in trust other than property to which section 22 (5) of this Act applies. ' Section 22 (5) says :'In relation to assets held by a person

D. Narasimha Reddy Hotels (P) Ltd., a Company Registered Under the Ind ...

Court : Andhra Pradesh

Subject : ConstitutionMunicipal Tax

Acts : Andhra Pradesh Municipalities Act, 1965 - Sections 130; Andhra Pradesh Municipalities Rules - Rule 22; Assessment of Tax Rules, 1969 - Rules 3 and 14(2); Constitution of India - Articles 22, 226 and 227; Taxation and Finance Rules - Rule 23

Reported in : 1991(1)ALT665

commencing from 1-4-1983. A special notice was issued by the Commissioner under Rule 11 of the Taxation and Finance Rules (Schedule II), (hereinafter referred to as 'the Rules' of the Aadhra Pradesh Municipalities Act on 5-5-1983 fixing … purpose and object of this provision. It may be noted that before the enactment of the A.P. Municipalities Act, 1965, the Municipal Council was the appellate authority to hear the appeals against taxation under relevant provisions of the … noticed that Schedule II is part of the A.P. Municipalities Act itself. Section 130 of the A.P. Municipalities Act occurring in Chapter II relating to … running a hotel in Nizamabad Town. The petitioner commenced doing business from 22-5-1983 onwards. It is said to be a Two-star hotel with three floors