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Jamnaprasad Kanhaiyalal Vs. Commissioner of Income Tax, M.P., Bhopal
Supreme Court of India
May-08-1981
Direct Taxation
Income Tax Act, 1961 - Sections 68, 139, 256 and 257; Voluntary Disclosures of Income and Wealth Act, 1976 - Sections 18; Indian Income Tax Act, 1922; Finance Act, 1965 - Sections 24, 24(1), 24(3), 24(6) and 24(8)
AIR1981SC1759; (1981)23CTR(SC)146; [1981]130ITR244(SC); (1981)3SCC441; [1981]3SCR849
Tax shall be entitled to his costs of the reference. Direct Taxation - disclosure - Section 24 of Finance Act, 1965, Section 68 of Income Tax Act, 1961 and Section 18 of Voluntary Disclosures Of Income and Wealth Act, 1976 … the legislature has introduced Section 18 in the Voluntary Disclosures of Income and Wealth Act, 1976 (Act No. 8 of 1976) which specifically provides that save as otherwise provided in the Act, nothing contained in the Act
Tag this Judgment! AI Brief & AskPrem Cables Pvt. Ltd. Vs. Assistant Collector (Principal Appraiser) Cu ...
Rajasthan
Sep-06-1978
ExciseCustoms
Indian Tariff Act, 1936 - Sections 2, 2A, 2A(1) and 2A(2); Customs Act, 1962 - Sections 2, 12(1), 25, 25(1), 27, 27(1), 128 and 131; Finance Act, 1965 - Sections 26(1), 76(1) and 77; Constitution of India (Fifteenth Amendment) Act, 1963 - Sections 8; Sea Customs Act - Sections 23; Finance Act, 1964 - Sections 57(1); Central Excise Act, 1944; Finance Act, 1960; Indian Tariff Act, 1934; Central Excise (Conversion to Metric Units) Act, 1968; Finance Act, 1969; Evidence Act - Sections 106; Limitation Act, 1963 - Sections 17(1); Limitation Act, 1908 - Schedule - Articles 24, 62 and 96; Constitution of India - Articles 19, 32, 136, 226 and 226(1A); Contract Act - Sections 72; Orissa Sales Tax Act - Sections 4, 14 and 19; Uttar Pradesh Sales Tax Act; Code of Civil Procedure (CPC) - Sectio
1981(8)ELT440(Raj); 1978(11)WLN481
goods were further chargeable to regulatory duty of 10% then in force levied under Section 77 of the Finance Act, 1965. The duty @ Rs. 360 per M.T. was levied by the Central Government in exercise of the powers … view that it could make no difference because under Cl. (1-A) which Was inserted in Article 226 by Section 8 of the Constitution (Fifteenth Amendment) Act, 1963, the poser conferred on the High Court by Cl. (1) can
Tag this Judgment! AI Brief & AskCommissioner of Income-tax Vs. C.W.S. (India) Ltd.
Kerala
Nov-27-1999
Direct Taxation
Income Tax Act, 1961 - Sections 30 to 43D and 80HHC; Income Tax Rules, 1962 - Rule 8; Finance Act, 1965
(2000)158CTR(Ker)529; [2000]246ITR278(Ker)
made in computing the total income). It is to be noted that Chapter VI-A was inserted by the Finance Act, 1965, with effect from April 1, 1965. Section 80HHC is a part of Chapter VI-A. We do not find … the facts and in the circumstances of the case, the asses-see is entitled to get deduction under Section 80HHC of the Income-tax Act, 1961, before applying Rule 8(1) of the Income-tax Rules, 1962 ?'2. The factual position
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Commissioner of Wealth Tax, Amritsar Vs. Suresh Seth Overruled
Supreme Court of India
Apr-07-1981
Direct Taxation
Wealth Tax Act, 1957 - Sections 14, 14(1), 14(2), 14(3), 15, 16, 17, 18, 18(1) and 27(1); Wealth Tax (Amendment) Act, 1964 - Sections 18; Finance Act, 1969; Constitution of India - Articles 20(1) and 136; Indian Mines Act, 1923 - Sections 39; Factories Act, 1948; General Clauses Act - Sections 6
AIR1981SC1106; (1981)21CTR(SC)349; [1981]129ITR328(SC); 1981(1)SCALE729; (1981)2SCC790; [1981]3SCR419; 1981(13)LC555(SC)
to maximum of 50% of the wealth-tax payable under Section 18(1)(a) before its amendments on 1.4.69 by the Finance Act, 1969 : Rs. 115/-(ii) For the period from 1.4.69 to 18.3.71 : Penalty at 1/2% of the net … from 1.4.69 to 18.3.71 : Penalty at 1/2% of the net wealth for each month of default under Section 8(1)(a) as amended on 1.4.69 by the Finance Act, 1969: Rs. 7,596/- ___________ Rs. 7,759/-4. The above orders levying … 18(1)(a) of the Wealth-tax Act, 1957, for the assessment years 1964-65 and 1965-66 respectively ?3. The assessee, the respondent in these appeals filed his wealth-tax
Tag this Judgment! AI Brief & AskCloth Traders (P) Ltd. Vs. Additional C.i.T., Gujarat-i Overruled
Supreme Court of India
May-04-1979
Direct Taxation
Income Tax Act, 1961 - Sections 12, 57, 80A to 80D, 80M, 85A, 99, 99(1) and 257; Indian Income tax Act, 1922 - Sections 8, 16, 56A and 60A; Finance Act, 1953; Finance (Amendment) Act, 1965 - Sections 99; Finance (Amendment) Act, 1966 - Sections 85A; Finance (Amendment) Act, 1967; Finance (Amendment) Act, 1968 - Sections 31, 31(2) and 31(3)
AIR1979SC1691; (1979)10CTR(SC)393; [1979]118ITR243(SC); (1979)3SCC538; [1979]3SCR984
upto the close of the assessment year 1964-65 and by an amendment made by Finance Act 10 of 1965, Section 99, Sub-section (1) was omitted and Chapter VI-A and Section 85A were introduced in the present Act with … introduced as Section 56A in the Indian Income-tax Act, 1922 (hereinafter referred to as the Old Act) by Finance Act, 1953. It is not necessary to make any detailed reference to this provision since there is no decided … to be read as if the words 'received by it' were not in the opening part of that section.8. We shall presently consider the language of Section 80M for the purpose of arriving at its true interpretation,
Tag this Judgment! AI Brief & AskCommissioner of Wealth-tax Vs. Girdhari Lal
Delhi
May-02-1974
Direct Taxation
Finance Act, 1965 - Sections 68, 68(1) and 68(3); Wealth Tax Act, 1957 - Sections 2; Income Tax Act, 1961; Income Tax Act, 1922
[1975]99ITR79(Delhi)
thereon under this section. (b) A credit made under Clause (a) shall be intimated to the Income-tax Officer.' 8. The language of Sub-section (I) of Section 68 of the Finance Act, 1965, clearly indicates that the amount … 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
Tag this Judgment! AI Brief & AskJ.K.K. Angappan and Bros. Vs. Commissioner of Income-tax
Chennai
Dec-05-1972
Direct Taxation
Income Tax Act, 1961 - Sections 220(2); Finance Act, 1965 - Sections 68; Finance (No. 2) Act, 1967 - Sections 1, 46 and 156
[1973]91ITR513(Mad)
Ramanujam, J. 1. The petitioners made a voluntary disclosure of income under Section 68 of the Finance Act, 1965. The tax payable on the income so voluntarily disclosed amounted to Rs. 15,55,500. The said tax was due … court. The Income-tax Officer, however, relying upon the said Section 46 set out above, charged interest of Rs. 84,928 on the amount of tax paid for the period commencing from December 1, 1965, and ending on the
Tag this Judgment! AI Brief & AskSunita Sabharwal Vs. Commissioner of Income-tax
Delhi
Aug-29-1972
Direct Taxation
Income Tax Act, 1961 - Sections 139 and 140; Finance (No. 2) Act, 1965 - Sections 24 and 24(4); Hindu Minority and Guardianship Act, 1956 - Sections 6, 8 and 11
[1973]92ITR377(Delhi)
1967 is Miss Sunita Sabharwal, minor daughter of H. L. Sabharwal. Section 24 of the Finance (No. 2) Act, 1965, provided for voluntary disclosure of income on conditions mentioned therein, by a person who had failed to furnish … made the father to be the natural guardian of the minor and after the father, came the mother. Section 8 provided that the natural guardian of a Hindu minor had the power, subject to the provisions of this
Tag this Judgment! AI Brief & AskState of Karnataka and ors. Vs. Thirumala Distilleries
Karnataka
Sep-23-2004
Excise
Karnataka Excise Act, 1965 - Sections 16(3), 22, 23, 36 and 45; Karnataka Excise (Distillery and Warehouse) Rules, 1967 - Rules 24, 25, 26 and 34; Karnataka Excise (Excise Duties and Fees) Rules, 1968 - Rule 2; Evidence Act, 1872 - Sections 3, 4, 17 and 114; Constitution of India
2004(6)KarLJ194
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, … the Karnataka Excise (Regulation of Yield, Production and Wastage of Spirit, Beer, Wine or Liquors) Rules, 1998. Rule 8 of the said Rules specifically deals with levying of penalty for excess wastage or loss incurred during the
Tag this Judgment! AI Brief & AskCommissioner of Income-tax Vs. English Electric Company Ltd.
Chennai
Dec-13-1979
Direct Taxation
Income Tax Act, 1961 - Sections 80E and 80I; Income Tax (Amendment) Act, 1968; Finance Act, 1972; Finance (No. 2) Act, 1980
(1980)17CTR(Mad)312; [1981]131ITR277(Mad)
on the question set out already.3. Section 80E was introduced in the statute by Section 14 of the Finance Act of 1966. Before the introduction of this provision, under the Finance Act of 1965, in the case of … in the circumstances of the case, the Appellate Tribunal was right in holding that the relief under Section 80E for the assessment year 1966-67 should be allowed on the income of the priority industry before setting off
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