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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

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, … 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

ismail Khan and 29 ors. Vs. State of Rajasthan and ors.

Court : Rajasthan

Subject : Service

Reported in : 1984WLN585

recover the loan. The recovery is to be done under Sections 117, 74 and 7(sic) of the Act, 1965 and those powers to recover the … are Government Officers who are administering and managing the affairs, of the Bank. It further shows that the finance advanced or guaranted are provided by the 'State' and the activities of the Bank are controverted by the … in exercise of the powers conferred under Section 148 Sub-section (2) (Clause xxx) of the Rajasthan Co-operative Societies Act, 1965 (hereinafter referred to as 'the Act, 1965') which in terms provides as under:148(2)(xxx):In particular and without prejudice to

Mannalal Soorana Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1983)4ITD131(Delhi)

tax Act. In this case the Voluntary Disclosure was made by the assessee under Section 68 of the Finance Act, 1965. The income concealed in this disclosure was for the assessment years 1959-60 to 1964-65. The income disclosed was

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

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 … of Pun; Sons (P) Ltd. (ITA 954 (Del) of 1995) reported as Fun; Sons v. Dy. CIT (2002) 74 TTJ (Del) 596--Ed.) but the same has not been seriously relied on by the counsel for the assessee.4.

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.

Assistant Commissioner of Income Vs. Visharad Automobiles Financiers

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2007)108ITD294(Delhi)

Ltd. (supra) has no application. This judgment was delivered on 30th Nov., 1965. The Hire Purchase Act, on the other hand, came into force w.e.f. … case of N.K. Leasing & Construction (P) Ltd. v. Dy. CIT (2002) 74 TTJ (Hyd) 261 : (2001) 79 ITD 658 (Hyd). The assessee company … that the mandatory initial deposits by the hirer is by way of securing the interest on the amount financed. 4. In the facts and circumstances of the case, the learned CIT(A), failed to appreciate the fact that … being taken from Interest-tax Appeal No. 1/Del/2005.4. The AO passed an order under Section 8(2) of the Interest-tax Act, 1974. It was held that hire charges/financing commission was liable to be taxed for the purpose of charging

M/s D. N. Singh Through Partner Dudheshwar Nath Singh Vs. Commissioner ...

Court : Supreme Court of India

Subject : Direct Taxation

valuable articles, both provisions deal with the ownership of valuable articles. Section 69B, inserted by virtue of the Finance Act, 1965 (10 of 1965), reads as follows: “69B. Amount of investments, etc., not fully disclosed in books of account. … by the appellant. The possession of the appellant at best is a shade better than that of a 74 thief as the possession had its origin under a contract of bailment. This is also not a case

P.G.F. Ltd. Vs. Union of India (Uoi)

Court : Punjab and Haryana

Subject : Company

Acts : Securities and Exchange Board of India Act, 1992 - Sections 11AA and 11AA(2); Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 - Regulations 73 and 74; Constitution of India - Articles 226 and 248; Securities Laws (Amendment) Act, 1999

Reported in : [2005]124CompCas201(P& H); (2004)4CompLJ288(P& H); [2004]55SCL165(Punj& Har)

respondent through a writ petition filed in this Court had challenged the vires of Section 24 of the Finance Act, 1969, by which an amendment was made to the provisions of the Wealth Tax Act, 1957, to include … manner of misutilisation of corporate funds and finances for personal advancement. This report led to the Companies (Amendment) Act, 1965, which drastically increased Governmental control, over private sector companies. The Companies (Amendment) Act, 1975 introduced Section 58A. In … wind up its schemes and re-pay the investors (in terms of Regulations 74 and 73, respectively, of the 1999 Regulations) within a period of one

Mcdowell and Co. Ltd. Vs. Commercial Tax Officer

Court : Supreme Court of India

Subject : Direct TaxationSales Tax

Reported in : AIR1986SC649; (1985)2CompLJ137(SC); (1985)47CTR(SC)126; 1985(5)ECC259; [1985]154ITR148(SC); 1985(1)SCALE788; (1985)3SCC230b; [1985]3SCR791; [1985]59STC277(SC); 1986(1)LC595

99, replacing earlier legislation). Further it was pointed out that the capital gains tax legislation (starting with the Finance Act 1965) does not contain any provision corresponding to Section 460. The intention should be deduced, therefore, it was said,