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Asstt. Cit Vs. Choice Trading Corporation Ltd

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Land Acquisition

Reported in : (2002)76TTJ(Coch.)892

a hotel would not constitute "manufacture or processing of goods" within the meaning of section 2(6)(d) of the Finance Act, 1968. A company which carries on such activity will not fall within the definition of an "industrial company" under … upon the decision of the Hon'ble Supreme Court in the case of CIT v. Rajendra Prasad Mody (1978) 115 ITR 519 (SC), that earning of income from an investment made for the purpose of business is not

Assistant Commissioner of Income Vs. Choice Trading Corporation Ltd.

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Land Acquisition

Reported in : (2004)90ITD1(Coch.)

a hotel would not constitute "manufacture or processing of goods" within the meaning of Section 2(6)(d) of the Finance Act, 1968. A company which carries on such activity will not fall within the definition of an "industrial company" under … upon the decision of the Hon'ble Supreme Court in the case of CIT v. Rajendra Prasad Mody (1978) 115 ITR 519 (SC), that earning of income from an investment made for the purpose of business is not

Association For Democratics Reforms Vs. Union Of India

Court : Supreme Court of India

Subject : Right to Information

establishing the double proportionality standard ...................................................... 103 b) Validity of the Electoral Bond Scheme, Section 11 of the Finance Act and Section 137 of the Finance Act ..................................................... 113 c. Validity of Section 154 of the Finance Act … functioning democracy. Information about funding to political parties is necessary for an informed voter since the Symbols Order 1968 and the provisions of the Tenth Schedule allow political parties to influence legislative outcomes and policies; l. The

Hansraj Aggarwal Vs. Addl. Commissioner of Income-tax

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 142(1), 142(2A), 143(2), 144 and 271(1); Finance Act, 1968

Reported in : [1979]119ITR688(MP)

filed on April 9, 1968, i.e., after the substitution of new Clause (iii) in Section 271(1)(c), by the Finance Act, 1968, w.e.f. April 1, 1968, the IAC held that penalty had to be computed by reference to the amount … of the tax sought to be avoided ' 3. In the second case, i.e., Misc. Civil Case No. 115 of 1973, the Appellate Tribunal, at the instance of the Additional Commissioner of Income-tax, M. P., Bhopal, has

State of Kerala and ors. Vs. Maharashtra Distilleries Ltd. and ors.

Court : Supreme Court of India

Subject : Excise

Acts : Kerala Abkari Act - Sections 6, 7, 11, 12, 14, 17, 18, 18A, 21 and 29; Kerala Abkari Rules; Kerala Sales Tax Act; Kerala General Sales Tax Act, 1963 - Sections 2, 5, 5(1), 5(2C) and 35; Kerala Finance Act, 2001 - Sections 3A; Kerala Distillery and Warehouse Rules, 1968 - Rules 16(1), 47, 50 and 52; Foreign Liquor Storage in Bond Rules, 1961 - Rules 3, 3(1), 11 and 11(1); Foreign Liquor Rules, 1953 - Rules 3, 13(9) and 14; Cochin Abkari Act - Sections 10, 14, 24, 29 and 29(2); Kerala Abkari Shops (Disposal in Auction) Rules, 1974 - Rule 3(1A); Central Sales Tax Act, 1956; Finance Act, 2001; Constitution of India - Articles 301, 304, 304(1) and 311; Sea Customs Act, 1878 - Sections 20; Central Excise Act, 1944 - Sections 3

Reported in : AIR2005SC2594; JT2005(5)SC427; (2005)11SCC1; [2005]141STC358(SC)

on 1.4.2001 the State of Kerala amended Section 5(2C) of the Kerala General Sales Tax Act; by the Finance Act of 2001, by adding an explanation which was brought into effect retrospectively from July 1, 1987 which reads … permitted to be imported under Section 6; or(b) permitted to be exported under Section 7; or(c) permitted under Section 11 to be transported ; or(d) manufactured under any licence granted under Section 12; or(e) manufactured at any distillery, … 1999 in OP Nos. 23008-23903/98, 818, 2255, 2264, 12893, 3283; 7437 and 19686/99 whereby the High Court allowed the writ petitions filed by the respondents/distillers

Dharmodayam Co. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2003)84ITD259(Coch.)

(Appeals) noted that with effect from 1-4-1984 a new section viz., Section 11 (4A) was introduced by the Finance Act, 1983.This section states that Sub-section (1) or (2) or (3) or (3A) should not be applied in relation … the assessee's own case in CIT v. Dharmodayam Co. [1977] 109 ITR 527 relating to the assessment year 1968-69. The learned CIT (Appeals) noticed that the Hon'ble Supreme Court interpreted Section 2(15), Section 11(1 A) and section

Commissioner of Income-tax (Central) Madras Vs. Buhari Sons Pvt. Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1966 - Sections 2(7)

Reported in : (1984)38CTR(Mad)88; [1983]144ITR12(Mad)

has been held that the term 'manufacturing or processing of goods' occurring in s. 2(6) (d) of the Finance Act, 1968, should be understood in the context in which the term appears land the nature of the enactment and … has been rightly held by the Tribunal that the assessee is an 'industrial company' within the meaning of section 2(7) (d) of the Finance Act, 1966? (2) Whether the Tribunal's view that the assessee-company which is running … before the Income-tax Appellate Tribunal. The Tribunal, by its order dated April 11, 1975. In I. T. A. Nos. 1559 to 1561 of 1973-74, held

Anant Mills Ltd. Vs. Commissioner of Income-tax

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10, 11(11), 24(2), 32, 32(1), 32(2) and 41(2)(5)

Reported in : (1993)109CTR(Guj)231; [1994]206ITR582(Guj)

Navy Stores Ltd. [1957] 31 ITR 959. Before the Bombay High Court, under section 10 of the Indian Finance Act, 1942, an option was given to the assessee who becomes liable to pay excess profits tax to make … was right in holding that the question whether the assessee carried on business activities in the assessment year 1968-69 had to be determined in the assessment order for that year only (2) If the answer to the … India referred to Halsbury's Laws of England, Third edition, volume 20, pages 115-117. In paragraph 211 of the Halsbury's Laws of England, it is stated

Delhi Consumers' Co-operative Wholesale Store Ltd. Vs. Commissioner of ...

Court : Delhi

Subject : Sales Tax

Acts : Bengal Finance (Sales Tax) Act, 1941 - Sections 3, 11, 11(A), 11(1), 15(1), 20(2), 20(3) and 21(1); Delhi Act - Sections 45; Sales Tax Act; Kerala General Sales Tax Act - Sections 15 and 15(1); Bengal Finance (Sales Tax) Rules - Rule 71; Kerala General Sales Tax Rules - Rule 33

Reported in : ILR1981Delhi351; [1981]47STC443(Delhi)

was justified in investigating the assessments for the years 1967-68 and 1968-69 under section 20(3) of the Bengal Finance (Sales Tax) Act, 1941 (2) Whether, on the facts and in the circumstances of the case, proceedings under … Motinagar, and Poultry Feed Section, Karampura, New Delhi. They were assessed for the years 1967-68 and 1968-69 under section 11(1) of the Act, vide assessment orders dated 14th January, 1971, and 22nd January, 1973, by the assessing authority.

Thanthi Trust Vs. Central Board of Direct Taxes and Others

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 2(15), 11, 11(1), 11(4), 11(4A), 12, 13, 13(1), 13(1) and 119

Reported in : [1995]213ITR639(Mad)

11 for the assessment years 1979-80 to 1983-84, relying on section 13(1)(bb) of the Act. 9. By the Finance Act, 1983, the following sub-section (4A) was introduced in section 11 of the Act, with effect from April 1, … Establishing and/or running or helping to run orphanages; and (6) Other educational purposes. 4. For the assessment year 1968-69, the previous year ending June 30, 1967, the petitioner filed its return of income on October 10, 1968,