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Ajay Gupta Vs. Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 132, 132A, 132(5), 132B(4), 153A, 158BFA(2), 226 and 244A; Finance Act, 2002; Taxation Laws (Amendment) Act, 2003; Income Tax (Amendment) Act, 1965 - Sections 237, 238 and 244A; Finance Act, 2006; Taxation Laws (Amendment) Ordinance, 2003

Reported in : (2007)210CTR(Del)116; 2007(97)DRJ317; [2008]297ITR125(Delhi)

up to 30-9-1984) was previously stipulated in Section 132(5) of the IT Act until its omission by the Finance Act 2002 with effect from 1.6.2002. Section 132(5) also prescribed that the remaining portion of the assets must be … been successively reduced by Parliament, since Section 132B as originally inserted into the Act by Income Tax (Amendment) Act, 1965 specified the period to be six months. This period was thereafter reduced to 120 days by virtue of … receive from the authority compensation and damages - Petition Allowed - - 830974 dated 7.3.2005. This computation as well as the rate of interest has

Deutsche Morgan Grenfell Group Plc (Respondents) Vs. Her Majesty's Com ...

Court : House of Lords

Subject : Land Acquisition

(paras 6 and 7) and a brief summary will therefore suffice. Corporation tax was first introduced by the Finance Act 1965. The structure of the tax was radically altered by the Finance Act 1972 with the introduction of ACT, … subsidiaries of resident parent companies were able to avoid that requirement" (para 83); and, to the same effect, " … the breach of Community law … subject to an exception if the dividend was paid to a parent company in the same group. Under section 247 of the Income and Corporation Taxes Act 1988 the company and its parent could jointly make a

Deputy Commissioner of Vs. Mahajan Overseas (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1994)51ITD507(Delhi)

real exporter or for the ostensible exporter. For this we may refer to the speech of the Hon'ble Finance Minister which reads as under : "In respect of exports the scheme announced by me last year provided … was entitled to the tax credit certificate in relation to the export under Section 280ZC of the Income-tax Act, 1965, the party, Ferro Alloys Corpn. Ltd. or the Government Trading Corporation. Their Lordships after examining the provisions of

Ahmedabad Manufacturing and Calico Printing Co. Ltd. Vs. Commissioner ...

Court : Gujarat

Subject : Direct Taxation

Reported in : (1982)25CTR(Guj)263; [1982]137ITR616(Guj)

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 … facts and circumstances of the case, the Tribunal was justified in rejecting the assessees claim for deduction under section (2)(a)(i) of the Finance Act, 1964, on account of export of cloth out of India during the accounting … our opinion under s. 256(2) of the I.T. Act, 1961 :Reference No. 83 of 1976 :'Whether, on the facts and circumstances of the case, the

Ahmedabad Manufacturing and Calico Printing Co. Ltd. Vs. Commissioner ...

Court : Gujarat

Subject : Direct Taxation

Acts : 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

Reported in : (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 … opinion under s. 256(2) of the I.T. Act, 1961 : Reference No. 83 of 1976 : 'Whether, on the facts and circumstances of the case,

Oriental Hotels Ltd. Vs. Inspecting Assistant Commissioner of Income T ...

Court : Chennai

Subject : Direct Taxation

Reported in : (1993)46TTJ(Mad)685

the said conclusion that falls to be considered in this case.20. Now, development rebate was introduced by the Finance Act, 1955, w.e.f. 1st April, 1955; that is to say, even under the old Act, development rebate was being … powers to withdraw development rebate by giving a clear three-year notice of its intention to withdraw development rebate.Finance Act, 1965 inserted sub-s. (6) to S. 33. The effect of this sub-section was that no deduction by way of

Sri Madhusudan Mills Vs. Collector of Central Excise

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Land Acquisition

Reported in : (1993)LC218Tri(Delhi)

case, the Supreme Court held that the Special Excise Duty which was levied under Section 80 of the Finance Act, 1965 cannot be regarded as having been levied under the Excise Act. In the judgment reported in 1986 (25) … Co. Ltd., Bombay.8A. For the Revenue, Smt. Zutshi argued that Article 365 of the Constitution read with Entries 83 and 84 of List 1 of the 7th Schedule to the Constitution, refers to "duties" and not "duly".

Jeewanlal (1929) Ltd. Vs. Commissioner of Income-tax (Central) and ors ...

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 251 and 263; ;Finance Act, 1965 and 1966

Reported in : [1977]106ITR33(Cal)

business consists of manufacture of aluminium articles as detailed in Part III of the First Schedule to the Finance Act, 1965. Accordingly, the petitioner claims that the petitioner is entitled to necessary rebate as contemplated by Paragraph F(1)(b)(ii)(a) of … under article 226 of the Constitution the petitioner has challenged the notice dated 4th November, 1974, issued under Section 263 of the Income-tax Act, 1961. The petitioner is a public limited company engaged in the business of

income-tax Officer Vs. Hirachand B. Vaya

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (1997)61ITD264(Ahd.)

law and the decisions cited by the learned representatives.7. The provisions of section 10(4A) was introduced by the Finance Act, 1965. The effect of the insertion of this sub-section (4A) was explained in the departmental Circular dated 11-10-1965. According

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 … & ins. Co. v. Harrison, (1937) 81 Law Ed 1223 and State of Missouri v. Section W. Canada,(1939) 83 Law Ed 208 were relied on as laying down, that no person or class of persons irrespective of