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Ahmedabad Manufacturing and Calico Printing Co. Ltd. Vs. Commissioner ...
Gujarat
May-06-1981
Direct Taxation
Income Tax Act, 1961 - Sections 256(2) and 269A; Finance Act, 1961 - Sections 2(5)(1); Finance (Amendment) Act, 1964 - Sections 5; Finance (Amendment) Act, 1965 - Sections 2(5); Income Tax (Determination of Export Profits) Rules, 1964 - Rule 2; Income Tax (Determination of Export Profits)(Amendment) Rules, 1964 - Rule 2
(1981)25CTR(Guj)263
s. 2(5)(a)(i) of the Finance Act, 1964, for the assessment year 1964-65 and under s. 2(5)(a)(i) of the Finance Act, 1965, for the assessment year 1965-66. Both these provisions are in identical terms. The question which is raised in … would uphold the finding of the revenue authorities that the assessee is not entitled to any relief under section 2(5)(i) of the Finance Act, 1963.' 7. The learned Judicial Member agreed with the conclusions reached by the
Tag this Judgment! AI Brief & AskAhmed Ibrahim Sahigra Dhoraji Vs. Commissioner of Wealth Tax, Gujarat
Supreme Court of India
Apr-07-1981
Direct Taxation
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
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
Tag this Judgment! AI Brief & AskCommissioner of Income-tax Vs. Sri Abhayananda Rath Family Benefit Tru ...
Orissa
Feb-21-2002
Direct Taxation
Income Tax Act, 1961 - Sections 64(1)
[2002]255ITR436(Orissa); 2002(I)OLR476
cannot be accepted. 'Evading payment of tax' is quite different from 'tax planning'. A person may plan his finances in such a manner, strictly within the four corners of the taxing statute that his tax liability is … liable to be included in the hands of the trust for the purpose of assessment of income under Section 64(1)(vii) of the Act. Hence, a sum of Rs. 37,173 being the income from the trust property, was added
Tag this Judgment! AI Brief & Ask18-section briefs on any result in this list
Madura Coats Ltd. Vs. Assistant Collector of Central Excise and ors.
Chennai
Apr-03-1978
Excise
General Clauses Act, 1897 - Sections 6 and 24; Companies Act, 1913 - Sections 3; Mines Act, 1923 - Sections 29; Mines (Amendment) Act, 1952 - Sections 57 and 58; Companies Act, 1956 - Sections 10 and 75; Finance Act, 1972 - Sections 64; Arms Act, 1878 - Sections 15
1979CENCUS17D; 1978(2)ELT511(Mad)
of the powers conferred by Rule 8(1) of the Central Excise Rules, 1944.2. By Section. 64(c) of the Finance Act 1972, the Central Excise item No. 18 was amended and a new Tariff item No. 18-E was introduced. … quantity noted against those dates, presumably on the basis that the exemption granted by Notification No. 59 of 1965 continued to be in force :-Gate Pass Number Blend Blend Total Kgsand date 67/35 50/50Kgs Kgs.116 31.5.1972 4.8
Tag this Judgment! AI Brief & AskIndian Steel and Wire Products Ltd. Vs. Commissioner of Income-tax
Kolkata
Mar-11-1976
Direct Taxation
Finance Act, 1965; ;Income Tax Act, 1961 - Section 80E
[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
Tag this Judgment! AI Brief & Askincome-tax Appellate Tribunal Vs. B. Hill and Co. (P.) Ltd.
Allahabad
Mar-05-1982
Direct Taxation
Finance Act, 1965 - Sections 2(5); Finance Act, 1966 - Sections 2(5); Finance Act, 1967 - Sections 2(4); Finance Act, 1964; Finance Act, 1968; Finance Act, 1969; Income Tax Act, 1961 - Sections 2(18), 31, 37, 108 and 256
(1982)29CTR(All)301; [1983]142ITR185(All)
of goods by the assessee and accordingly not entitled to tax concession provided under Section 2(5)(a)(i) of the Finance Act, 1965 (2) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is right … allowed the claim. There is no dispute about the allowability of the claim for deduction of Rs. 12,852. 64. The question referred by the Tribunal on this matter relates to the validity of the Tribunal's action in
Tag this Judgment! AI Brief & AskLucknow Grih Swami Parishad Vs. State of U.P. and Others
Allahabad
Apr-20-2000
Service TaxCivil
Uttar Pradesh Water Supply and Sewerage Act, 1975 - Sections 2(2), 25, 25(2), 30, 44, 52 to 64, 66(4), 72, 96, 97, 98, 99, 99(2), 100; Constitution of India - Articles 47, 51A, 243 and 288(1); Uttar Pradesh General Clauses Act, 1904 - Sections 5(1) and 59(1); Uttar Pradesh Municipalities Act; State Municipal Act; Panchayat Act; Uttar Pradesh Mahapalika Adhiniyam, 1959 - Sections 114, 173, 173(2), 269 to 271; Uttar Pradesh Nagar Mahapalika Water Supply Rules, 1968 - Rules 10, 11 and 25 to 30; Finance Act, 1994 - Sections 65(6)
2000(3)AWC2139; (2002)3UPLBEC2351
Act, 1975. could not be Imposed unless supply of water by Jal Sansthan was notified under Section 66. Finance Act, 1994. and provisions of service-tax will not apply. He argued that unless the service to supply water was … tn fee. See AIR 1963 SC 996, AIR 1980 SC 1, AIR 1965 SC 1107 and AIR 1975 SC 2037. 69. Even otherwise Sections 53 … 'supply' and 'disposal'. Section 61. deal with meter rent. Section 62 and 63 refer to security and fee. Section 64 (i) specifically refers to and provides for recovery of 'tax', 'fee' and 'cost' of water. Cost of disposal
Tag this Judgment! AI Brief & AskSynco Industries Ltd. Vs. Assessing Officer, Income Tax, Mumbai and an ...
Supreme Court of India
Mar-13-2008
Direct Taxation
Income Tax Act, 1948 - Sections 32(2), 60 to 64, 71, 72, 80A(1), 80A(2), 80B, 80B(5), 80C to 80U and 260A; Companies Act, 1956; Finance Act, 1967; Income Tax Act, 1961 - Sections 80AB and 80HH; Finance Act, 1965
(2008)215CTR(SC)385; [2008]299ITR444(SC); JT2008(4)SC1; 2008(4)SCALE263; (2008)4SCC22; 2008AIRSCW2321; 2008(2)Supreme226629
the assessment year for which the determination is to be made.7. Section 80A, as originally inserted by the Finance Act, 1965 with effect from 1.4.1969 dealt with a different topic altogether viz., deductions in respect of life insurance premia, … as follows:(i) making deductions under the appropriate computation provisions;(ii) including the incomes, if any, under Sections 60 to 64 in the total income of the individual;(iii) adjusting intra-head and/or inter-head losses; and(iv) setting off brought forward unabsorbed
Tag this Judgment! AI Brief & AskBharat Electronics Ltd. Vs. Commissioner of Income-tax, Mysore
Karnataka
Aug-24-1972
Direct Taxation
Income Tax Act, 1961 - Sections 2(10), 66, 70, 84, 110 and 155; Income Tax Act, 1922 - Sections 15; Finance Act, 1967
[1973]91ITR841(KAR); [1973]91ITR841(Karn)
the Income-tax Act, 1961 (hereinafter called 'the Act') as it stood before the section was deleted by the Finance Act, 1967. The original assessment was taken up in appeal by the assessee before the Appellate Assistant Commissioner who … division, the Income-tax Officer determined the tax payable at 'Nil'. 3. The assessee by letter dated October 15, 1965, claimed that there was a loss of Rs. 2,11,574 and the same should be carried forward and required
Tag this Judgment! AI Brief & AskUnion of India Vs. the Triveni Engineering Works Ltd.
Delhi
Dec-14-1980
MRTP
Monopolies and Restrictive Trade Practices Act - Sections 2
20(1981)DLT255
balance sheet of holding company and have a value and are even pledged by the companies to secure finance. This however, does not prevent the subsidiary company from having assets out of the money paid by way … the value of assets given in our Act. This definition is borrowed from the English Monopolies or Merger Act 1965. Section 7(B) provides that the value is to be determined by reference to the values at which the assets … diminuation in value. There is no change in this position under Section 64(1)(b) read with Section 67(2)(b) of the U.K. Fair Trading Act, 1973 which
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