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Commissioner of Income-tax Vs. India Textile Agency Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 5(1), 51 and 256(1); ;English Finance Act, 1965 - Section 47(1) to 47(4); ;Income Tax Act, 1952 - Section 157

Reported in : [1981]132ITR481(Cal)

18, art. 17).6. We have now to consider the provisions of Section 47(1) and (3) of the English Finance Act, 1965. Section 47(1) is as follows :' Except as otherwise provided by this Part of this Act, corporation tax shall

Commissioner of Income-tax Vs. Thomas Duff and Co. (India) Pvt. Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 5(1), 91 and 256(1); ;Indian Income Tax Act, 1922 - Section 49D; ;Finance Act, 1965 - Section 47 and 47(2); ;Income and Corporation Taxes Act, 1970 - Section 232

Reported in : [1982]137ITR798(Cal)

involved is 1970-71. Therefore, it was sought to be urged that in view of Section 47 of the Finance Act, 1965, of England which is again more or less in similar lines with Section 232 of the Income &

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)

effected by the Finance Act, 1965 (U.K.), came up for consideration before this court. The relevant section is Section 47, which is as follows : '47. (1) Except as otherwise provided by this Act, Corporation tax shall not … 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

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. … (AP)) 46Collector of C.E. Vs. Jay Engineering Works Ltd., (1989(39) E.L.T. 169(S.C.) 47. M/s. Annapurna Carbon Industries Co. Vs. State of Andhra Pradesh, (1976) 2

Assistant Commissioner of Vs. Mipa Investment Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1992)43ITD60(Mum.)

the dividend income of a shareholder in a Foreign Company was only the net dividend, but the English Finance Act, 1965 amended this position. Under the amended law vide Section 47(1) to (4) of the English Finance Act, 1965

Commissioner of Income-tax Vs. Ambalal Kilachand and (Late) Tulsidas K ...

Court : Mumbai

Subject : Direct Taxation

Acts : Finance Act, 1972; Income Tax Act, 1961 - Sections 5, 5(1), 90, 91, 194 and 198

Reported in : (1995)124CTR(Bom)252; [1994]210ITR844(Bom)

: [1981]132ITR466(Cal) . In regard to the position in law in the United Kingdom after the U. K. Finance Act, 1965, Sabyasachi Mukharji J. (as he then was) has referred to the provisions of section 47 of the U.

Commissioner of Income-tax Vs. Yawar Rashid and ors.

Court : Madhya Pradesh

Subject : Direct Taxation

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

Reported in : (1996)133CTR(MP)252; [1996]218ITR699(MP)

Both under Section 185(2) of the U. K. Income-tax Act, 1952, and Section 47(2) of the U. K. Finance Act, 1965, the amount deducted by the company at the time of distribution of dividends to its shareholders is deemed

Commissioner of Income-tax Vs. Ashwinkumar Gordhanbhai and Bros. Pvt. ...

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 104(4) and 263; Wealth Tax Act, 1957 - Sections 5(1)

Reported in : (1994)122CTR(Guj)164; [1995]212ITR614(Guj)

has observed, inter alia, that the expression 'manufacture or processing of goods' has not been defined by the Finance Act, 1973, or the Finance Act, 1974. According to the dictionary, the term 'manufacture' means a process which results … case of Chowgule and Co. Pvt. Ltd. v. Union of India [1981] 47 STC 124 wherein the Supreme Court, while interpreting the word 'processing' which … the Tribunal was right in law in setting aside the order of the Commissioner of Income-tax passed under section 263 of the Act ?' 2. It appears that the assessee claimed that it was a company engaged

Gautam Sarabhai Trust No. 31 Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (1987)20ITD528(Ahd.)

cannot be redundant, in the position of law as obtained after the introduction of Section 47(vii) by the Finance Act, 1967, there is a transfer by the shareholder when he receives shares in the amalgamated company in lieu

indoor Table Tennis Trust and ors. Vs. Shri Kapil Khanna

Court : Delhi

Subject : Civil

Acts : Uttar Pradesh Co-operative Societies Act, 1965; Code of Civil Procedure (CPC) - Sections 39, 46A, 47, 94 and 151- Order 40, Rule 1 - Order 41, Rule 46 and 46A

Reported in : AIR2003Delhi273; II(2003)BC439; 104(2003)DLT672; 2003(68)DRJ357

and Madras,the second stage was not legislatively provided for. (ix) In SCF Finance Co. Ltd. Vs Masri & Another 1987 (I) All ER 1984 it … but the plea regarding jurisdiction of this Court and the effect and ambit of the U.P. Co-operative Societies Act, 1965 (hereinafter referred to as the Act) was not gone into by the Division Bench and the Single Judge. … subsequently after the amount was actually paid to the decree-holder that an application under Section 39 read with Section 47 and Section 151 C.P.C. was filed for the restitution of the attached an appropriated amount. In such circumstances,