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Jones (Respondent) Vs. Garnett (Her Majesty's Inspector of Taxes) (App ...

Court : House of Lords

Subject : Land Acquisition

to as double vision is Chinn v Hochstrasser [1981] AC 533, in which this House had to consider section 42 of the Finance Act 1965. That section, long since repealed, was the earliest anti-avoidance provision aimed at offshore … increasingly stringent conditions) until a general abolition of the relief (for surtax purposes) by section 12 of the Finance Act 1965. The general rule now (for all income tax purposes, though subject to some limited exceptions) is that in

Goa Carbon Ltd. Vs. Dy. Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)2SOT152(Mum.)

1st Schedule to the Finance Act, 1964, item 3 of part 111 of 1 st Schedule to the Finance Act, 1965 and item 3 in both the Fifth & Sixth Schedules to the Income Tax Act, 1961.Circular No. 57 … and even the Income tax Act has recognized this definition vide sections 42, 44BB and 293A, according to which the extended meaning of mineral oil … these appeals have been raised in respect of manufacture and export of Calcined Petroleum Coke for Deduction under section 80HHC.The main dispute in all these appeals is regarding denial of deduction under section 80HHC on the ground

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

Commissioner of Income-tax, Tamil Nadu-i Vs. Standard Motor Products o ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80I

Reported in : (1980)17CTR(Mad)317; [1981]131ITR300(Mad)

calendar year. In that year, the assessee claimed the relief admissible to priority industry in accordance with the Finance Act, 1965. First Schedule, Pt. I, Para. F, read with Pt. III. The ITO rejected this claim for rebate at … sections also. For instance, the same expression found a place in s. 42 of the Indian I.T. Act, 1922, which corresponds to s. 9(1)(i), Expln. … Appellate Tribunal was right in holding that the assessee is entitled to the rebate under the provisions of section 80E/80I for the assessment years 1966-67, 1968-69 and 1969-70 3. Whether, on the facts and in the circumstances

Bachhraj Baid and anr. Vs. Commercial Tax Officer and ors.

Court : Kolkata

Subject : Sales Tax

Reported in : [1985]58STC370(Cal)

goods, apart from dealing with hire-purchase agreement of those articles and were registered dealers both under the Bengal Finance (Sales Tax) Act, 1941 (hereinafter referred to as the said Bengal Act) and also the Central Sales Tax … also made to the case of Bapalal Khushaldas v. R. Prasad AIR 1965 Guj 135, where it has been observed thatit is well-settled that where … on the business, the transferee would not at all be liable under Section 17.18. On a reference to Section 42 of the Indian Partnership Act and the terms thereof, Mr. Ghosh, in the facts and the circumstances of

Universal Electrics Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Section 32(1); ;Electricity Act

Reported in : [1992]196ITR860(Cal)

the same as we have mentioned in Para F of Part I of the First Schedule of the Finance Act, 1965, and similar is the position under Section 80E of the Income-tax Act, 1961. Column A provides the type … Income-tax Reference No. 359 of 1982, under Section 256(1) of the Income-tax Act, 1961, and Income-tax Reference No. 42 of 1990 under Section 256(2) of the Act, both at the instance of the assessee, relate to the

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 … goodwill and even 'rabbit' goodwill: see Whiteman Smith Motor Co. Ltd. v. Chaplin [1934] 2 K. B. 35, 42, 49, 50.) When the owner of a small one-man business sells his business as a going concern, it

Commissioners for Her Majesty's Revenue and Customs (Respondent) Vs. D ...

Court : UK Supreme Court

Subject : Land Acquisition

his death) the will of a testator who died domiciled and ordinarily resident overseas. Section 24(11) of the Finance Act 1965 provided that in such a case the earlier provisions of the section should apply "as if the variations … a half-yearly interest payment was made on the last day of the repo period (the longest period was 42 days, and the shortest 11 days). It was agreed that each of the repos would be a net

M.N. Dastur and Co. Ltd. and anr. Vs. Union of India (Uoi) and ors.

Court : Kolkata

Subject : Service Tax

Acts : Finance Act, 1994 - Sections 65, 65(13), 65(48), 66, 68, 68(2) and 81; ;Central Excise Act; ;General Clauses Act, 1897 - Section 2(42); ;Central Excise and Salt Act, 1944; ;Indian Partnership Act, 1932 - Section 4; ;Companies Act, 1956 - Section 3(1); ;Companies (Profits) Surtax Act, 1964; ;Income Tax Act; ;Bihar Land Reforms Act - Section 2(O); ;Service Tax Law - Section 65; ;Service-tax Rules, 1994 - Rule 6 and 6(1)

Reported in : [2005]128CompCas618(Cal),(2005)197CTR(Cal)633,2006[4]STR3

to whether the expression 'engineering firm' used in the definition of consulting engineer in Section 65(13) of the Finance Act, 1994, Chapter V relating to service tax includes a company.Submission on behalf of the appellants :2. Dr. Pal

Noorulla Khan Vs. Regional Transport Officer

Court : Karnataka

Subject : Motor Vehicles

Acts : Karnataka Motor Vehicles Taxation (Amendment) ACT, 1976 - Sections 8

Reported in : ILR1985KAR2711

measure prosecuted Payne in a Criminal Court for such user without payment of higher taxes under the English Finance Act of 1922 ('Finance Act'), which convicted Payne for an offence under Section 14 of that Act On appeal … this10. : 1967CriLJ1215 11.1962 Mys. L.J. 382Court and the Magistrate and convicted Syed Ibrahim for an offence under Section 42 of the M.V. Act. In reversing the decision of this Court, the Supreme Court at para 6 relied