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Commissioner of Income-tax Vs. Radha Nagar Cold Storage (P.) Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Finance Act, 1968 - Section 2(6); ;Finance Act, 1969 - Section 2(6)

Reported in : (1980)18CTR(Cal)166,[1980]126ITR66(Cal)

the processing of goods and was accordingly an industrial company within the meaning of Section 2(6)(d) of the Finance Act, 1968, or under Section 2(6)(c) of the Finance Act, 1969 ?'2. The assessee-company has been engaged in the business … aforesaid activities included in its total income of the previous year (as computed before making any deduction under Chapter VI-A of the Income-tax Act) is not less than fifty-one per cent. of such total income.' 6. Similar … e.g., milk by pasteurising it. In Words and Phrases Legally Defined, Vol. 4, the meaning of processing is given as 'processing (in relation to fish)

Connaught Plaza Restaurant (P) Vs. Commr. of C. Ex.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Service Tax

Reported in : (2003)(154)ELT187TriDel

the question as to whether the assessee is an "industrial company" within the meaning of definition in the Finance Act, 1968. At this point of time, the learned Advocate for M/s. Connaught Plaza, mentioned that he is not pressing … and 8-15% non fat. solids with a total of 38.3% (36.43%) total solids: that in Table 25 of Chapter "Milk and Milk Products", composition of different frozen desserts have been given according to which Ice cream and … mentioned that the milk fat content in the soft serve mix is 4.9% which at no point of time exceeds 6%; that a vending machine

Ganesh Traders Vs. District Collector, Karimnagar and ors.

Court : Andhra Pradesh

Subject : Excise

Acts : Andhra Pradesh Excise Act, 1968 - Sections 2, 2(9), 2(19), 2(20), 6-A, 6-C(1), 6-C(2), 7, 7-A, 8, 13, 13(1), 27, 28, 34, 34(2), 34(3), 35, 36, 37, 37-A, 40-A, 41, 42, 45, 45(1), 48, 50, 50-A, 51, 52, 53, 54, 55 and 61; Constitution of India - Articles 19, 20, 20(1), 21, 47, 124, 217, 226 and 371D; Code of Criminal Procedure (CrPC) , 1973 - Sections 155(2), 156(1), 165, 165(2), 165(4), 397, 452(2), 482 and 561-A; Madras Abkari Act, 1886 - Sections 55; Motor Vehicles Act; Andhra Pradesh General Sales-tax Act; Foodgrains - Prices and Stocks (Display and Control) Order, 1967; Narcotic Drugs and Psychotropic Substances Act, 1985 - Sections 2; Hire Purchase Act, 1972; Indian Penal Code (IPC), 1860 - Sections 304-A; Madras Prohibition Act, 1937; Andhra Pradesh Prohibition (Amendmend) Act, 1995; Cess an

Reported in : 2002(1)ALD210; 2002(1)ALD(Cri)137; 2002(1)ALT611; 2002CriLJ1105

duties of excise and countervailing duties on alcohol liquors for human consumption, the State Legislature enacted A.P. Excise Act, 1968. Chapter IV contains provisions, which deal with manufacture, possession and sale of excisable articles and intoxicating liquors and substances. Chapter … two months back he purchased the above lorry second person Kondal Rao and third person Mahender Reddy have financed the amount to purchase the jaggery at Kamareddy to transport the same to Suryapet, Thungaturti and Tirumalagiri of

State of Rajasthan Vs. Uka and ors.,

Court : Rajasthan

Subject : Tenancy

or interest in favour of a bank for the purpose of obtaining financial assistance from that bank.Further, in Chapter IV of the Act of 1974, provision has been incorporated for recovery of dues by the bank. Sections 13 … main objectives of the legislation relating to social control of Banks in 1968 and the nationalisation of fourteen major Indian commercial Banks in 1969 was … shown that there are certain provisions therein which inhibit the entry of commercial Banks into the field of financing of agriculture. It will, therefore, be necessary to modify these laws for the purpose of enabling commercial banks

The Commissioner of Income Tax and Another Vs. V.S. Dempo and Co. Pvt. ...

Court : Mumbai

Subject : Direct Taxation

amended by the Finance Act, 1963, w.e.f. 1-4-1963, Finance Act, 1964, w.e.f. 1-4-1964, Finance Act, 1965, w.e.f. 1-4-1965, Finance Act, 1968, w.e.f. 1-4-1969, Finance (No. 2) Act, 1971, w.e.f. 1-4-1972, Finance Act, 1984, w.e.f. 1-4-1985 and Direct Tax Laws … parties. Section 13B contains special provision relating to voluntary contributions received by electoral trust. After all this comes Chapter IV which is titled as Computation of Total Income. The heads of income classified by section 14 are salaries,

Commissioner of Income Tax Vs. P.V.A.L. Kulandagan Chettiar (Dead) Thr ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 4, 5, 6, 10(15), 33, 80J, 80K, 80M, 90, 90(2), 91 and 91(1); Companies (Profits) Surtax Act, 1974; Income Tax (Amendment) Act, 1967; Supplementary Income Tax Act, 1967; Petroleum (Income Tax) Act, 1967; Investment Incentives Act, 1968; Finance Act

Reported in : (2004)189CTR(SC)193; [2004]267ITR654(SC); 2004(6)SCALE36; (2004)6SCC235

to promote economic development in India- (i) in relation to royalties, as set forth in the relevant annual Finance Act of India; and(ii) in relation to other income as set forth in the following sections of the Income-tax … development in Malaysia- (aa) which are set forth in section 21, 22 and 26 of the Investment Incentives Act, 1968 of Malaysia; or(bb) which may be introduced in future in the Income Tax Act, 1967, Supplementary Income Tax … State after the date of signature of the Agreement in question. Articles IV, V, VI, VII and XXII of the Agreement read as under :-'ARTICLE

Additional Commissioner of Income-tax, Gujarat Vs. Cloth Traders (P.) ... Overruled

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 2(1), 2(45), 5, 14, 14(2), 56, 57, 66, 85A, 99 and 99(1)

Reported in : [1974]97ITR140(Guj)

the Act by the Finance Act of 1965, as from 1st April, 1965. By section 31 of the finance Act, 1968, the words 'received by it' found in the first part of the section have been omitted with retrospective … 'total income'. Provisions of this section are not relevant for the present purpose. We shall, therefore, go to Chapter IV which speaks about the computation of 'total income'. Section 14 which is the first section in this Chapter

Liquidator, Mahmudabad Properties Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 22, 23, 24 and 24(1)

Reported in : [1972]83ITR470(Cal)

proceed straight to the interpretation of these relevant sections of the Income-tax Act, 1961. These sections appear under Chapter IV of the Income-tax Act, 1961, dealing with 'computation of total income ' and these particular sections appear under … stood at the time of the assessment before the new amendment of this proviso was introduced by the Finance Act of 1968).This Section 23 has certain sub-sections and Explanations to which we shall refer later on in this

Chhajed Steel Corporation Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2001)77ITD419(Ahd.)

40A must override provisions of s. 40(b) of the IT Act. The provisions of s.40(b) were amended by Finance Act, 1992, w.e.f. 1st April, 1993, and remuneration paid by a firm to its working partner has been allowed … had an overriding effect. Sec. 40A with its different clauses was brought on statute book w.e.f. 1st April, 1968. It also contained a non obstante clause saying that this section shall have effect notwithstanding anything to the … for the relevant previous year, computed in the manner laid down in Chapter IV-D as increased by the aggregate amount of the remuneration paid or

Modi Industries Limited, Modinagar and ors. Vs. Commissioner of Income ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(40), 4(1), 4(2), 143, 144, 156, 190, 191, 214, 214(1), 214(1A), 215, 219, 237, 239, 240, 243, 244, 244(1), and 244(1A); Income Tax Act, 1922 - Sections 18A

Reported in : (1995)128CTR(SC)361; [1995]216ITR759(SC); JT1995(6)SC549; 1995(5)SCALE362; (1995)6SCC396; [1995]Supp3SCR642

made under Section 141A, the credit shall be given also in such provisional assessment.(The proviso was added by Finance Act, 1968 from April 1, 1968.)42. This section introduces a legal fiction that amount of advance tax paid shall be … advance tax, commencing from Section 207 to Section 219, under the sub-heading 'C- Advance Payment of Tax' in Chapter-XVII which chapter deals with 'collection and recovery of tax'. These sections have been undergoing amendments from time to … original assessment. According to the revised assessment order, a sum of Rs. 4,28,260.40p. was found refundable to the assessee. The amount was refunded but interest