Advanced Search Results
Commissioner of Income-tax, Gujarat-iii Vs. Prakash Trading Co.
Gujarat
Aug-31-1977
Direct Taxation
Finance Act, 1966 - Sections 2(5); Finance (Amendment) Act, 1967 - Sections 2(4); Industries (Development and Regulation) Act, 1951; Income Tax Act, 1961 - Sections 261
[1980]124ITR334(Guj)
appeal to the Supreme Court. Certificate is accordingly granted. Direct Taxation - exemption - Section 2 (5) of Finance Act, 1966, Section 2 (4) of Finance (Amendment) Act, 1967, Industries (Development and Regulation) Act, 1951 and Section 261 of Income
Tag this Judgment! AI Brief & AskBhawanidas Binani Vs. Commissioner of Wealth-tax
Mumbai
Jun-27-1978
Direct Taxation
Wealth Tax Act, 1957 - Sections 2; Finance Act, 1965 - Sections 68; Income Tax Act, 1961
[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) … consideration in this reference, all on the same day, namely, 18th January, 1966. The WTO, however, did not allow as a deduction any part of … remains what it was under the I.T. Act, i.e., Section 3 of the Indian I.T. Act, 1922, or Section 4 of the I.T. Act, 1961. According to this submission, the income-tax liability of the assessee was assessed and
Tag this Judgment! AI Brief & AskM/S. Prakash Trading Co. Vs. Commissioner of Income-tax, Gujarat
Supreme Court of India
Feb-20-1996
Direct TaxationCommercial
Finance Act, 1966 - Sections 2(5); Finance Act, 1967 - Sections 2(4) and 256; Industries (Development and Regulation) Act, 1951
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 … extraction plant at Veraval. It exported, or sold to exporters, de- oiled cakes of the value of Rs. 48, 92, 902 and Rs. 24, 13, 040 respectively during the accounting years relevant to the Assessment Years 1.966-67
Tag this Judgment! AI Brief & Ask18-section briefs on any result in this list
Metal Rolling Works Pvt. Ltd. Vs. Commissioner of Income-tax
Mumbai
Jul-14-1982
Direct Taxation
Income Tax Act, 1961 - Sections 10(3) and 28; Finance Act, 1966 - Sections 2(5); Finance Act, 1967 - Sections 2(4)
(1982)31CTR(Bom)116; [1983]142ITR170(Bom)
of export profits or export sales eligible for rebate from income-tax under Section 2(5)(a)(i) or 2(4)(a)(ii) of the Finance Act, 1966, or 1967, has been rightly rejected ? (2) Whether the sum of Rs. 99,021 for the assessment year
Tag this Judgment! AI Brief & AskM. Royappa Goundar and anr. Vs. the Commercial Tax Officer, Erode and ...
Chennai
Apr-03-1967
Other Taxes
Madras Entertainments Tax (Amendment) Act, 1966 - Sections 2 and 7; Madras Local Authorities Finance Act, 1961; Madras Entertainments Tax Act, 1939 - Sections 4, 4(1), 4-A, 7, 7-A, 7-B, 7-B(1), 13(1) and 16
AIR1968Mad274
Entertainments Tax Act, 1939, and to levy surcharge on the payments for admission under the Madras Local Authorities Finance Act, 1961. The petitioner preferred various objections which were all overruled by the Deputy Commercial Tax Officer, Mettupalayam. This … petitions for certiorari involve the interpretation of the true scope and ambit of the Madras Entertainments Tax (Amendment) Act, 1966, more specially Sections 2 and 7 of the Act. For deciding this question, it will suffice to notice … for levy by the State Government of taxes on entertainments and for payment of compensation to local authorities. Section 4(1) is the charging section and, as provided by it, entertainments tax is levied and collected by inclusion of
Tag this Judgment! AI Brief & AskJeewanlal (1929) Ltd. Vs. Commissioner of Income-tax
Kolkata
Mar-02-1981
Direct Taxation
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)
[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 … licence for dates and by sale of the import licence the assessee had made a profit of Rs. 4,83,856. In its assessment for 1966-67, the assessee had claimed rebate on the value of the exported goods and
Tag this Judgment! AI Brief & AskCochIn Company Vs. Commissioner of Income-tax
Kerala
Apr-11-1975
Direct Taxation
Income Tax Act, 1961 - Sections 33(1) and 33(1A); Finance Act, 1966 - Sections 2(5) and 2(7)
[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 … not a resident of India. For the assessment year 1966-67, the assessee claimed a development rebate of Rs. 48,692 in respect of the said trawler. The Income-tax Officer allowed the assessee's claim for rebate only to the
Tag this Judgment! AI Brief & AskCommissioner of Income-tax Vs. Oceanic Products Exporting Co.
Kerala
Jan-10-1996
Direct Taxation
Finance Act, 1966 - Sections 2(5); Industries (Development and Regulation) Act, 1951; Income Tax Act, 1961 - Sections 80HH and 80J
1996(54)ECC80; [1996]219ITR293(Ker)
of the Finance Act, 1966. The appellate authority took the view that the process would amount to manufacture. 4. For the assessment year 1966-67, an appeal in respect of which was heard by the Tribunal first, the … in the circumstances of the case, the Tribunal was justified in granting relief under Section 2(5)(a)(ii) of the Finance Act, 1966, to the assessee ?'2. Income-tax Reference No. 553 of 1985 relates to the assessment year 1965-66 and Income-tax
Tag this Judgment! AI Brief & AskCommissioner of Income-tax Vs. Central Bank of India Ltd.
Mumbai
Sep-08-1989
Direct Taxation
Income Tax Act, 1961 - Sections 2(10), 2(24), 45, 52, 52(2), 85A, 108, 115 and 119
(1990)92BOMLR31; [1990]185ITR6(Bom)
case may be.'14. A similar Circular No. 4-P was issued on July 21, 1966, in regard to the Finance Act, 1966. The relevant clause therein on which Mr. Dalvi relied is clause 32, which reads thus :'32. A company … S.P. Bharucha J.1. This is a reference made at the instance of the Revenue, under the provisions of section 256(1) of the Income-tax Act, 1961. It raises, in regard to the assessment year 1967-68, the following question
Tag this Judgment! AI Brief & Askincome-tax Appellate Tribunal Vs. B. Hill and Co. (P.) Ltd.
Allahabad
Mar-05-1982
Direct Taxation
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
(1982)29CTR(All)301; [1983]142ITR185(All)
goods by the assessee and accordingly not entitled to the tax concession provided under Section 2(5)(i) of the Finance Act, 1966 (2) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is right … business of manufacture and sale of carpets. Almost its entire production of carpets is exported out of India. 4. We shall first take up the question of tax concession and higher rebate on super-tax. 5. It appears
Tag this Judgment! AI Brief & AskAI Brief (18 sections) + Semantic Search - 7 days free
- ‹ Prev
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- Next ›
- Last »