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Bhawanidas Binani Vs. Commissioner of Wealth-tax

Court : Mumbai

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2; Finance Act, 1965 - Sections 68; Income Tax Act, 1961

Reported in : [1980]124ITR783(Bom)

and in the circumstances of the case, any part of the tax paid under Section 68 of the Finance Act, 1965, was a ' debt owed ' on the relevant valuation dates within the meaning of Section 2(m) of

Balkrishna Binani Vs. Commissioner of Income Tax

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(45), 3 and 4; Wealth Tax Act, 1957 - Sections 2

Reported in : (1979)9CTR(Bom)62; [1980]121ITR442(Bom)

facts and in the circumstances of the case any part of the tax paid u/s 68 of the Finance Act, 1965, was a 'debt owed' on the relevant valuation dates within the meaning of s. 2(m) of the Wealth-tax … no such liability for payment of tax on the concerned valuation dates as the liability under the charging section of the Income-tax Acts could only be attracted if the income disclosed could be said to have formed

Commissioner of Income Tax Vs. Jodhpur Co-operative Marketing Society

Court : Rajasthan

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 4, 37 and 37(1); Charitable Endowments Act, 1890; Co-operative Societies Act

Reported in : (2004)189CTR(Raj)516; [2005]275ITR372(Raj); 2004(5)WLC285

cannot otherwise be repaid or significantly to use the reserve fund as finance of the society for its own purpose in case of scarcity of … the Rajasthan Co-operative Society Rules, 1966 (in short the Rules of 1966) framed under the Rajasthan Cooperative Societies Act, 1965 (in short the Act of 1965} requires the society to transfer 25 per cent of its net profits … of a reserve fund which is subject-matter of this appeal but also in all spheres of managing its assets.Section 61 prohibits payment by way of bonus or dividend out of the funds of the society and restricting such

S.N. Sudalaimuthu Chettiar Vs. Assistant Controller of Estate Duty

Court : Chennai

Subject : Direct Taxation

Acts : Estate Duty Act, 1953 - Sections 61

Reported in : [1974]94ITR192(Mad)

but that section has new been omitted with effect from April 1, 1969, as a result of the Finance Act, 1965. From what has been said above, it is clear that the question whether Section 17(1) of the Indian … known and that the assessment would be revised later on this score. This assessment was revised twice under Section 61 on April 14, 1961, and October 13, 1964, for reasons which are not relevant for the purpose of

Ahmed Ibrahim Sahigra Dhoraji Vs. Commissioner of Wealth Tax, Gujarat

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2, 17, 16(3), 27 and 29(1); Finance Act, 1965 - Sections 68, 68(1), 68(2), 68(3), 68(4), 68(5), 68(6) and 68(7); Income Tax Act, 1922 - Sections 3; Income Tax Act, 1961 - Sections 4; Excess Profits Tax Act, 1940; Business Profits Tax Act, 1947; Companies (Profits) Surtax Act, 1964; Finance Act, 1951; Finance Act, 1953

Reported in : AIR1981SC1562; (1981)21CTR(SC)356; [1981]129ITR314(SC); 1981(1)SCALE694; (1981)3SCC77; [1981]3SCR402

respect of income-tax payable on the concealed income disclosed by the assessee pursuant to Section 68 of the Finance Act, 1965 is deductible under Section 2(m) of the Wealth-tax Act, 1957, in computing the net wealth of the assessee

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. … India Ltd. v. Union of India and Ors. (1986) 2 SCC 547 61. Triveni Engineering and Industries Ltd. and Anr. Vs. Commissioner of Central Excise

Kerorimull and Company Vs. Income-tax Officer, a Ward and ors.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Section 148

Reported in : [1971]79ITR270(Cal)

agreement under the so-called Tyagi Scheme for disclosure of escaped income by assessees. Under Section 68 of the Finance Act, 1965, provision was made for declaration of income which had escaped assessment for a certain period and for the

Indian Steel and Wire Products Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Finance Act, 1965; ;Income Tax Act, 1961 - Section 80E

Reported in : [1977]108ITR802(Cal)

within item 1 of the list of articles specified in Part III of the First Schedule under the Finance Act, 1965, and, therefore, it was entitled to the extra rebate for the assessment year 1965-66. For the assessment years … Dipak Kumar Sen, J.1. This reference under Section 256(1) of the Income-tax Act, 1961, initiated at the instance of the assessee in respect of the assessment

Asia Bi (M.S. Salamath Transports) and anr. Vs. Ravi Roadways and ors.

Court : Chennai

Subject : Motor Vehicles

Reported in : (1967)2MLJ109

South Wales (1954) 1 W.L.R. 1410, See also Pacific Motor Auctions Pty. Ltd. v. Motor Credits (Hire and Finance) Ltd. (1965) 2 W.L.R. 881..18. The argument may be an interesting one, but, in our considered view, it … the widow of Sabulal, acting for herself and her sons, and Messrs. Ravi Roadways. The widow applied under Section 61 of the Motor Vehicles Act, for transfer of the permit in her name and recognition of her right

U.P. Cooperative Cane Union Federation Ltd. and anr. Vs. Liladhar and ...

Court : Supreme Court of India

Subject : Service

Acts : Cooperative Societies Rules, 1953 - Rules 54, 55, 115 and 134; Cooperative Societies Act, 1912 - Sections 2, 6, 8, 43 and 43(2); Uttar Pradesh Sugar-cane (Regulation of Supply and Purchases) Act, 1953 - Sections 20, 28, 28(2), 54 and 55; Uttar Pradesh Sugar-cane (Regulation of Supply and Purchases) Rules, 1954 - Rules 54, 55 and 108; Uttar Pradesh Cooperative Societies Rules, 1936 - Rules 115 and 134; Maharashtra Cooperative Societies Act, 1968 - Sections 61, 91 and 91(1); Uttar Pradesh Cooperative Societies Act, 1965 - Sections 70

Reported in : AIR1981SC152; [1980(41)FLR288]; (1981)ILLJ156SC; 1980Supp(1)SCC437; [1981]1SCR558; 1981(1)SLJ40(SC)

of the society.18. To some extent this conclusion can be reinforced by reference to the U.P. Co-operative Societies Act, 1965, which repealed and replaced the Co-operative Societies Act, 1912, in its application to the State of U.P. Section … the Industrial Tribunal in the present cases could not possibly be referred for decision to the Registrar under Section 61 of the Act. The dispute related to alteration of a number of conditions of service of the workmen … and duties and the methods of filling up vacancies and regulating its finances. Section 20 confers power on the Governor to impose by a notification