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Anandji Haridas and Co. Pvt. Ltd. Vs. Engineering Mazdoor Sangh and an ...

Court : Supreme Court of India

Subject : Labour and Industrial

Acts : Payment of Bonus Act, 1965 - Sections 7; Finance Act, 1966

Reported in : AIR1975SC946; [1975(30)FLR133]; [1975]99ITR592(SC); 1975LabIC602; (1975)IILLJ12SC; (1975)3SCC862; [1975]3SCR542; 1975(7)LC231(SC)

10 per cent between an industrial Company and other Companies in the levy of Income-tax provided in the Finance Act, 1966 is to be construed a 'rebate' or 'relief' in the payment of any direct tax, for the … tax, for the development of an industry for the purposes of Section 7(e) of the Payment of Bonus Act, 1965, (for short, the Bonus Act) is the short question that falls to be answered in this appeal by

Lloyds Insulations (India) Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2002)80ITD465(Delhi)

ITR 322 (SC), wherein it has been held that levy of such excise duty under Section 80 of Finance Act, 1965, was different from the levy of excise duty under Central Excises and Salt Act, 1944 fin short Excise … submitted that merely because the other provisions of the 1957 Act have been made applicable by virtue of Sub-section (7) of Section 40 of Finance Act, 1983, it cannot be said that levy under Section 40 of Finance

Griffon Laboratories (P.) Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Finance Act, 1966 - Section 2(7); ;Finance Act, 1965; ;Income Tax Act, 1961 - Section 147

Reported in : [1979]119ITR145(Cal)

return our answer to question No. 1 in the affirmative and against the assessee.10. Now, briefly speaking, the Finance Act, 1965, provides that the concessional rate of tax is payable by a company which is wholly or mainly engaged … Deb, J. 1. In this reference under Section 256(1) of the I.T. Act, 1961, we are concerned with the following questions of law :' 1, Whether,

Commissioner of Wealth-tax Vs. Girdhari Lal

Court : Delhi

Subject : Direct Taxation

Acts : Finance Act, 1965 - Sections 68, 68(1) and 68(3); Wealth Tax Act, 1957 - Sections 2; Income Tax Act, 1961; Income Tax Act, 1922

Reported in : [1975]99ITR79(Delhi)

assessed of the income-tax paid by the firm on the amounts disclosed voluntarily under Section 68 of the Finance Act, 1965, is a debt under Section 2(m) of the Wealth-tax Act, 1957, on the dates of valuation for the … present case before us. The assessed made a declaration on May 31, 1965, disclosing concealed income of Rs. 7,00,000. The declaration contained a statement by the assessed that this concealed income was earned during the previous years

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 … disclosure under Section 68 of the Finance Act, 1965 (hereinafter referred to as 'the Finance Act') of Rs. 7,00,000 which had been shown as having been covered by some hundi transactions with a concern known as M/s.

Shreeniwas and Sons Vs. Income-tax Officer, b Ward and ors.

Court : Kolkata

Subject : Direct Taxation

Acts : Finance Act, 1965 - Section 24(7); ;Income Tax Act, 1961 - Sections 2(43), 156, 220(2), 220(3), 221, 221(1) and 264

Reported in : 78CWN561,[1974]96ITR562(Cal)

The petitioner was the owner of Amritanagar Selected Colliery situated at Ranigunj. By a declaration dated December 4, 1965, the petitioner made a voluntary disclosure under Sub-section (3) of Section 24 of the Finance (No. 2) Act … Finance (No. 2) Act of 1965, declaring therein a sum of Rs. 7,23,274 as the undisclosed income of the petitioner for the assessment years 1963-64 … Section 220(2) of the Income-tax Act, 1961, in respect of the amount of tax payable under the said Finance Act and the provisions contained in Section 220(2) of the said Act can be invoked only by the Commissioner

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 … exercise the option under section 113, sub-section (5), read with section 113, sub-section (3), for assessment year 1962-63. 7. In S. Sankappa's case : [1968]68ITR760(SC) the Supreme Court had held that the word 'assessment' should be read

Rattan Lal and ors. Vs. Income Tax Officer Etc. Overruled

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 68; Finance Act, 1965 - Sections 24

Reported in : ILR1974Delhi621; [1975]98ITR681(Delhi)

as to costs. Income Tax Act (1961) - Sections 68 & 139 - Finance (No 2) Act-XV of 1965, Section 24 - Declaration of certain sums made in pursuance of Voluntary Disclosure Scheme - said sums standing as … three creditors or depositors, which had been duly declared by them under the voluntary disclosure scheme under the Finance Act and income-tax had been paid in respect thereof and that these amounts were later deposited by the aforesaid

P. Paliwal and ors. Vs. Hindustan Zinc Limited and ors.

Court : Rajasthan

Subject : Service

the company was formed as well as considered the provisions of Metal Corporation of India (Acquisition of Undertaking) Act, 1965 and Metal Corporation of India (Acquisition of Undertaking) Act, 1966 and Metal Corporation (Nationalization and Misc. Provisions) Act, … Metal Corporation, the right, title and interest in relation to which have vested in the Central Government under Section 7, shall vest in the Government company specified in Sub-section (1) of Section 9, and that company shall be … for producing electrolytic grade zinc and bye- products. However, for want of finances the Corporation was not able to complete the project it had undertaken.

State of Kerala, vs Indian Medical Association, Kerala State Branch,

Court : Kerala

Subject : Land Acquisition

a taxable supply for the purposes of the levy of tax. The amendment that was introduced through the Finance Act, 2021 was also made retroactive with effect from 01.07.2017, thereby adding to the financial woes of the petitioner.5. … [AIR 1958 SC 560]; K.L. Johar and Co. v. CTO - [AIR 1965 SC 1082]; A.V. Meiyappan v. CCT - [(1967) 20 STC 115 (Mad.)]; … said basis of non- taxability was, however, removed by an amendment of the provisions of Section 2(17)(e) and Section 7(1)(aa) read with the Explanation thereto of the Central Goods and Services Tax Act, 2017 [CGST Act] and the