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J.K.K. Angappan and Bros. Vs. Commissioner of Income-tax

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 220(2); Finance Act, 1965 - Sections 68; Finance (No. 2) Act, 1967 - Sections 1, 46 and 156

Reported in : [1973]91ITR513(Mad)

Ramanujam, J. 1. The petitioners made a voluntary disclosure of income under Section 68 of the Finance Act, 1965. The tax payable on the income so voluntarily disclosed amounted to Rs. 15,55,500. The said tax was due … 1965 and withdrew the writ petitions filed before this court. The Income-tax Officer, however, relying upon the said Section 46 set out above, charged interest of Rs. 84,928 on the amount of tax paid for the period commencing

Rambhai Jethabhai Patel Vs. Commissioner of Income-tax, Gujarat-i

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(30), 2(46), 6(6), 24(7), 113, 113(1), 113(3), 113(4), 113(5), 143, 146, 147, 155, 155(1) and 263; Finance Act, 1965

Reported in : [1977]108ITR771(Guj)

enacted, section 113 took the place of section 17, sub-section (1), of the Act of 1922. By the Finance Act, 1965, section 113 was deleted from the Act with effect from April 1, 1965, and section 2, sub-section (46), of

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 … 9,250/- Satishkumar 9 yrs. 9,250/- Sunilkumar 7 yrs. 9,250/- Swatantrakumar 16 yrs. 9,250/- Santoshkumar 18 yrs. 9,250/- ________ 46,250/- ________The ITO accordingly called upon the assessee to explain the genuineness as well as the source of the

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 … beneficial ownership (rather than by reference to the vesting of the legal estate in the land) because of section 46 (1) of the 1979 Act (now section 60 (1) of the 1992 Act) which provides as follows: "In

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)

with Section 190 of the I.T. Act of 1952 (U.K.). He in this connection drew our attention to Section 46 of the Finance Act of 1965, of England and referred to the other relevant sections. He then drew … 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

Lalbavta Hotel and Bakery Mazdoor Union and anr. Vs. Bharat Petroleum ...

Court : Mumbai

Subject : Labour and Industrial

Acts : Contract Labour (Regulation and Abolition) Act, 1970 - Sections 2(1), 10, 10(2), 17 and 18; Factories Act, 1948 - Sections 46

Reported in : 1993(2)BomCR111; (1993)IILLJ1179Bom

judicial precedents of the Supreme Court. Criteria like unity of management and finance functional integrality, proximity of geographical location, inter transferability of workmen and supervisory … distinct situs of industrial activity was well recognised even under other cognate statutes like the Payment of Bonus Act, 1965. He, therefore, contended that the Chief Labour Commissioner, in his order dated August 26, 1992, rightly took the … Act, 1948 and employs more than 3,000 workers in three shifts. In compliance with their statutory obligation under Section 46 of the Factories Act, the 1st respondent have provided canteen facility within the premises of the said factory.

Tulsidas V. Patel (P.) Ltd. Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1998)65ITD287(Mum.)

years the Tribunal held that the whole property was not liable for wealth-tax under section 40 of the Finance Act, 1983, and in support thereof, the assessee produced the Tribunal's order dated 9-12-1994 for assessment years 1988-89 and … interpretation of the Hon'ble Supreme Court in Raja Mohammad Amir Ahmad Khan v. Municipal Board of Sitapur AIR 1965 SC 1925. At page 1929, the interpretation and true meaning of the words "belonging to me" occurring in … years 1988-89 and 1989-90 dated 9-12-1994 in Wealth-tax Act Nos. 45 & 46 of Bombay 1993. Further, the learned Departmental Representative also filed the recent

Commissioner of Wealth-tax Vs. Smt. V. Pathummabi

Court : Kerala

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 18(1); Wealth Tax (Amendment) Act, 1964; Finance Act, 1969

Reported in : [1977]108ITR689(Ker)

is, under Section 18(1)(i) of the Wealth-tax Act, 1957, as it stood prior to its amendment by the Finance Act, 1969 ?'2. The returns for the two years 1964-65 and 1965-66 should have been filed by the assessee … into a continuing offence and visited with consequences every month for continued default even by the amending Act 46 of 1964. Since Section 18(1)(i) uses the expression 'continued default', we think that for the purpose of Section

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 … 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 … Rebate on 2% of export sale, i.e., 2% of Rs. 26,16,093 @ 46.63% (i.e., 46-63% on Rs. 52,322)24,398 17,19,305(Average rate of tax for rebate on

Commissioner of Income-tax Vs. Meera and Co.

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 68; Finance Act, 1965 - Sections 24, 24(1) and 24(3)

Reported in : [1986]161ITR31(P& H)

disclosed in the names of the said minors under the voluntary disclosure scheme under the Finance (No. 2) Act, 1965. In the assessment proceedings for the year 1967-68, the Income-tax Officer found that the minors were not able … our opinion ;'(1) Whether, on the facts and circumstances of the case, and on a true interpretation of Section 24 of the Finance (No. 2) Act, 1965, the Appellate Tribunal was right in law in affirming the … appearing in the books of account of the assessee amounting to Rs. 46,250 as the assessee's income from undisclosed sources since the assessee failed to