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Murlidhar Sharma Vs. Addl. Registrar and ors.

Court : Rajasthan

Subject : Trusts and Societies

Acts : Rajasthan Cooperative Societies Act, 1965 - Sections 70, 74 and 74(1); Finance Act; Rajasthan Cooperative Societies (Amendment) Act, 1991; Income Tax Act, 1972 - Sections 34

Reported in : RLW2006(4)Raj2970; 2006(4)WLC747

held that:Under the scheme of the Income-tax Act, a liability to pay tax is incurred when according to Finance Act in force the amount of income, profits or gains is above the exempted limit. That liability to the … say that institution of enquiry on 23.12.89 was clearly barred under Section 74 of the Rajasthan Cooperative Societies Act, 1965 as it was then existing. Subsequent amendment brought into Section 74 w.e.f. 27.3.91 being not retrospective in effect, … said complaint an enquiry against the petitioner was initiated by the officer in charge of the camp under Section 70 of the Act. In the enquiry the petitioner was found guilty. Thereafter, the petitioner's case was referred to

Khan Bahadur Chowakkaran Keloth Mammad Keyi Vs. Wealth Tax Officer, Ca ...

Court : Kerala

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 3; Madras Wealth Tax Act, 1939 - Sections 20 and 20(1); Constitution of India - Article 14

Reported in : AIR1966Ker77; [1966]60ITR737(Ker)

made in the provisions of the Act which it is unnecessary to specify.22. By Section 70 of the Finance Act 1965, for Part I of the Schedule lo the Act, the following Part was substituted:'(a) lu the case of

income-tax Appellate Tribunal Vs. B. Hill and Co. (P.) Ltd.

Court : Allahabad

Subject : Direct Taxation

Acts : 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

Reported in : (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 … for all the six years is in the affirmative, in favour of the assessee and against the Department. 70. Our answer to question No. 2 referred to us for the first five years is in the affirmative,

Additional Commissioner of Income-tax Vs. Abhai Maligai

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80G(2) and 88(6)

Reported in : [1978]113ITR737(Mad)

Section 80G(2)(b) of the Act. 7. Explanation 5 to Section 80G(2) of the Act was inserted by the Finance Act, 1976, with effect from 1st April, 1976, probably with the object of getting over the effect of decisions … present case which culminated in the order passed by the Inspecting Assistant Commissioner of Income-tax on February 20, 1965. It is no doubt true that if a statute deals merely with matters of procedure and does not

Shree Fats and Proteins Ltd. Vs. Union of India (Uoi) and ors.

Court : Rajasthan

Subject : Sales Tax

Acts : Finance Act, 2000 - Sections 119 and 120; Central Sales Tax Act, 1956 - Sections 9, 9(2), 9(2A) and 9(2B); Rajasthan Sales Tax Act, 1994 - Sections 29, 37, 53, 58, 70 and 70(2); Rajasthan Sales Tax Act, 1954 - Sections 12; Kerala General Sales Tax Act, 1963 - Sections 23(3); Constitution of India - Articles 14, 19 and 19(1)

Reported in : [2006]146STC310(Raj)

numbering 29, the petitioners have challenged the provisions of Sub-clause (2)(d) of the validation Clause 120 of the Finance Act, 2000 (Act No. 10 of 2000) be declared to be violative of Articles 14 and 19(l)(g) of the … could not override the limitation to levy interest as set out in Clause (b) of Sub-section (2) of Section 70 of the Rajasthan Sales Tax Act. The submission has been made that demand amount of CST was paid

Ratanlal Mohta and Sons Vs. Income-tax Officer, c Ward and ors.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 147 and 149

Reported in : [1984]148ITR246(Cal)

a director of the abovecompany along with his relations and employees, made disclosures under Section 68 of the Finance Act, 1965, and under Section 24 of the Finance (No. 2) Act,1965, declaring loans for Rs. 4,50,000, out of the

Commissioner of Income-tax, Tamil Nadu-i Vs. Standard Motor Products o ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80I

Reported in : (1980)17CTR(Mad)317; [1981]131ITR300(Mad)

calendar year. In that year, the assessee claimed the relief admissible to priority industry in accordance with the Finance Act, 1965. First Schedule, Pt. I, Para. F, read with Pt. III. The ITO rejected this claim for rebate at … Appellate Tribunal was right in holding that the assessee is entitled to the rebate under the provisions of section 80E/80I for the assessment years 1966-67, 1968-69 and 1969-70 3. Whether, on the facts and in the circumstances

Assistant Commissioner Of Income Tax (exemptions) Vs. Ahmedabad Urban ...

Court : Supreme Court of India

Subject : Land Acquisition

The judgment in Surat Art Silk .................................................................................................................. 11 D. Relevant changes brought about to the IT Act, 1961 (Finance Act, 1983 and 1991) ............................... 17 E. The judgment in Thanthi Trust .................................................................................................................. 18 F. Deletion of certain exemptions: … Bros63. If exemption is not granted to the assessee it will face a liability of around ₹300 61 1965 (1) SCR61462 (2010) 4 SCC37863 1964 (7) SCR66438 crore (from FY-2007-08 to 2020-21), which given its financial condition … statute ............................................................................ 63 B. Interpretation of Section 2(15), the definition clause ............................................................................... 70 Summation of interpretation of Section 2(15) ............................................................................................... 85 C. Sections 10, 11, … The judgment in Thanthi Trust .................................................................................................................. 18 F. Deletion of certain exemptions: Section 10 (20A) and Section 10 (23) ................................................... 20 G. Amendments to Section

Shri Bhagwandas JaIn Vs. Addl. Commissioner of Wealth-tax

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2 and 3; Indian Income Tax Act, 1922 - Sections 3; Income Tax Act, 1961 - Sections 4; Finance Act, 1965 - Sections 68

Reported in : [1979]116ITR347(MP)

the disclosed income included on assessment nor at the rate of 60% prescribed under Section 68 of the Finance Act, 1965, was deductible in arriving at the net wealth of the assessee '2. The assessee is a HUF, which … referring a common question of law said to arise from its consolidated order in Wealth Tax Appeals Nos. 70 to 78 (Ind.) of 1969-70, dated December 13, 1971, to the High Court for its opinion, viz.:'Whether, on

Commissioner of Income-tax Vs. Thanthi Trust

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(15), 4, 11, 11(1), 11(4), 12, 13, 143(2), 148 and 256(2)

Reported in : (1981)23CTR(Mad)155; [1982]137ITR735(Mad)

for exemption under s. 360(1)(c) of the Income and Corporation Taxes Act, 1970, and s. 35(1) of the Finance Act, 1965, the court held that a charitable institution which makes an outright transfer of money applicable for charitable purposes … 1, 1954. The Indian I.T. Act, 1922, was replaced by the I.T. Act, 1961, on April 1, 1962. Section 11 of the 1961 Act was slightly different from the corresponding provision in s. 4(3)(i) of the 1922 … a judgment in personam. In 5 Halsbury, 4th Edn., page 432, para. 701, it says that where the original purposes, in whole or in part,