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CochIn Company Vs. Commissioner of Income-tax

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33(1) and 33(1A); Finance Act, 1966 - Sections 2(5) and 2(7)

Reported in : [1978]114ITR822(Ker)

the export of any goods or merchandise out of India within the meaning of Section 2(5)(a)(i) of the Finance Act, 1966 (iii) Whether the Tribunal was right in holding that the assessee is not an 'industrial company' as defined … Balakrishna Eradi, J.1. In these two references made under Section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'), the Income-tax Appellate Tribunal, Cochin Bench, has referred to this court for

State Bank of Patiala Vs. Commissioner of Income-tax and anr.

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 88, 143(1), 154, 192, 192(1), 201, 206 and 264

Reported in : [1999]236ITR281(P& H); (1998)119PLR564

such person had failed to do so without good and sufficient reasons. Prior to the amendment by the Finance Act, 1966, the word 'wilfully' existed in the place of the words 'without good and sufficient reasons'. Thus, under the … N.K. Agrawal, J. 1. This is a petition by the State Bank of Patiala under Article … 226/227 of the Constitution of India for quashing : (i) the order passed by the Income-tax Officer under Section 192 of the Income-tax Act, 1961 (for short 'the Act'), and (ii) the orders passed by the Commissioner

Shri Shubhlaxmi Mills Limited Vs. Additional Commissioner of Income Ta ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33(1) and 34(3); Finance Act, 1966

Reported in : AIR1989SC1406; (1989)3CompLJ94(SC); (1989)77CTR(SC)33; (1989)2GLR1171; [1989]177ITR193(SC); JT1989(2)SC1; (1989)2SCC465; [1989]2SCR86

profits or for remittance outside India as profits or for the creation of any asset outside India. The Finance Act, 1966 added an Explanation to this clause. The Explanation declared that the deduction referred to in Section 33 could … limited Company. It has a textile mill at Cambay in the State of Gujarat. For the assessment year 1962-63, the previous year being the calendar year 1961, the assessee claimed that a sum of Rs. 1,26,233 should

Budhwar Cold Storage Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1984)10ITD357(Delhi)

not help the assessee as this is not the point in issue before us. Section 2(7)(d) of the Finance Act, 1966 and the Finance (No. 2) Act, 1967, defined an 'industrial company' as a company which was mainly engaged … 1. The assessee is aggrieved of the order dated 14-3-1983 of the learned Commissioner (Appeals).2. The assessee, Budhwar Cold

The Associated Cement Co. Ltd Vs. Director of Inspection

Court : Delhi

Subject : Customs

Acts : Income tax Act, 1961 - Sections 280ZD(1); Finance Act, 1965 - Sections 80B

Reported in : ILR1971Delhi556; [1972]84ITR822(Delhi)

Kishore and we are of the opinion that it is not well-founded. Perusal of section 80 of the Finance Act, 1966 reproduced above, makes it clear that special excise duty equal to twenty per cent of the duty of … H.R. Khanna, C.J. (1) This judgment would dispose of three Civil writ petition Nos. 1207 of 1967, 425 of 1968 and 16 of 1970 which have been filed by the Associated Cement Companies

M/S. Prakash Trading Co. Vs. Commissioner of Income-tax, Gujarat

Court : Supreme Court of India

Subject : Direct TaxationCommercial

Acts : Finance Act, 1966 - Sections 2(5); Finance Act, 1967 - Sections 2(4) and 256; Industries (Development and Regulation) Act, 1951

Reported in : 1996IIAD(SC)341; AIR1996SC3387; [1996]220ITR1(SC); JT1996(2)SC465; 1996(2)SCALE337; (1996)7SCC685; [1996]2SCR849

cakes exported or sold to exporters by it under Section 2(5)(a)(ii) and (iii) and Section 2(5)(c) of the Finance Act, 1966 read with item No. 28 of the First Schedule to the Industries (Development and Regulation) Act, 1951 for … or sold to exporters by it under Section 2(5)(a)(ii) and (iii) and Section 2(5)(c) of the Finance Act, 1966 read with item No. 28 of the First Schedule to the Industries (Development and Regulation) Act, 1951 for

Commissioner of Income-tax Vs. Wheel and Rim Company of India Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1966 - Sections 2(5); Income Tax (Determination of Export Profits) Rules, 1966 - Rule 2(2)

Reported in : [1977]107ITR168(Mad)

law in holding that the assessee was entitled to rebate under the provisions of Clause 2(5)(a) of the Finance Act, 1966, on the cash subsidy of Rs. 1,60,717 received from the Engineering and Export Promotion Council and on the … Ismail, J.1. The Income-tax Appellate Tribunal, Madras Bench, under Section 256(1) of the Income-tax Act, 1961, has referred the following question of law for the opinion of this

Nava Bharat Enterprises (P) Ltd. Vs. Commissioner of Income-tax, Andhr ...

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 37, 37(1), 37(2A), 37(3) and 103; Income Tax Rules, 1962 - Rule 6C(3)

Reported in : [1983]143ITR805(AP)

The question as to the exact meaning of the Explanation to sub-section (7)(d) of section 2 of the Finance Act, 1966, came up for consideration and the Board are advised that an 'industrial company' would mean - (i) a … Jeevan Redddy, J. 1. Three questions are referred to us under s. 256(1) of the I. T. Act by the Income-tax Appellate

Commissioner of Income-tax Vs. Vaish Brother's and Co.

Court : Allahabad

Subject : Direct Taxation

Acts : Finance Act, 1973 - Sections 2, 2(7), 8(3), 32A, 80HH and 84(2); ;Wealth-tax Act, 1957 - Sections 5(1); Income Tax Act; Finance Act, 1966 - Sections 2(7)

Reported in : [2001]247ITR385(All); [2001]117TAXMAN579(All)

construction and repairs of buildings was not an industrial company within the meaning of Section 2(7)(d) of the Finance Act, 1966. It was held that although in the process and for the purpose of construction and repairs it manufactured … 1. At the instance of the Commissioner of Income-tax, Kanpur, the Income-tax Appellate Tribunal, Allahabad, has referred the following

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

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Section 256(2); ;Indian Income Tax Act, 1922 - Sections 4(3), 10(2) and 66(1); ;Finance Act, 1966 - Section 2(5); ;Income-tax (Determination of Export Profits) Rules, 1966 - Rule 2(2)

Reported in : [1983]139ITR865(Cal)

on the two receipts referred to above on the basis of the provi-sions of Section 2(5)(d) of the Finance Act, 1966. The ITO held that the cash subsidy of Rs. 1,60,717 and the profits from the sale of import