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Commissioner of Income-tax Vs. Dr. Rameshwar Lal Pahwa

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 22 to 26 and 60; Finance Act, 1968

Reported in : (1980)17CTR(Del)200; [1980]123ITR681(Delhi)

brother. Direct Taxation - deduction - Sections 22 to 26 and 60 of Income Tax Act, 1961 and Finance Act, 1968 - deduction claimed in respect of amount paid by assessed to his parents as maintenance out of property … Ranganathan, J. 1. This reference under Section 256(1) of the Income-tax Act raises an interesting question regarding the construction of Section 24(1) of the I.T.

Atul Drug House Ltd. Vs. Commissioner of Income-tax

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(45), 3, 5, 80A, C, J and U, 81 and 104; Finance Act, 1968 - Sch. I, Part I and Para. F

Reported in : [1995]216ITR584(Bom)

so declared amounted to Rs. 3,90,000. Such excess dividend entailed an additional income-tax under the provisions of the Finance Act, 1968. The Income-tax Officer, however, failed to take note of this fact at the time of the assessment proceedings. … take note of this fact at the time of the assessment proceedings. He thereupon initiated rectification proceedings under section 154 of the Income-tax Act, 1961. The assessee resisted the proceedings. The assessee contended that the declaration of … recomputed income of the company for the relevant assessment year is Rs. 22,74,197. Out of this total income, therefore, additional income-tax is payable at the

Commissioner of Income-tax Vs. Casino (Pvt.) Ltd.

Court : Kerala

Subject : Direct Taxation

Acts : Finance Act, 1968 - Sections 2(6)

Reported in : [1973]91ITR289(Ker)

from raw materials, constitutes ' manufacture or processing of goods ' within the meaning of section2(6)(d) of the Finance Act, 1968, and that the assessee is an ' Industrial company ' within the meaning of the definition contained in … Subramonian Poti, J.1. This is a reference to this court under Section 256(1) of the Income-tax Act, 1961, arid the question referred to us is :' Whether, on the facts

Additional Commissioner of Income-tax Vs. M.B. Rajeswari

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 23(1) and 23(2)

Reported in : [1977]110ITR443(Mad)

income-tax under the head 'Income from house property'.'5. Section 23(1), as it stood prior to amendment by the Finance Act, 1968, which came into force on April 1, 1969, was as follows :'23(1) For the purposes of Section 22,

Bengal Paper Mill Co. Ltd. and anr. Vs. Commercial Tax Officer and ors ...

Court : Kolkata

Subject : Sales Tax

Reported in : [1976]38STC163(Cal)

definition of 'business' in Clause (la) of Section 2 of the Bengal Finance (Sales Tax) Act, 1941, a definition introduced by means of an amendment … On 26th March, 1968, the President of India was pleased to enact the West Bengal Taxation Laws (Amendment) Act, 1968. By the said amending Act, the Second Ordinance was repealed. By Section 4 of the said amending Act, … said Act, carry on business as a dealer unless he has been registered and possesses a registration certificate. Section 22(l)(a) of the Act provides that whoever carries on business as a dealer in contravention of Sub-section (1) of

Bhawanidas Binani Vs. Commissioner of Wealth-tax

Court : Mumbai

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2; Finance Act, 1965 - Sections 68; Income Tax Act, 1961

Reported in : [1980]124ITR783(Bom)

are understood in the sense as propounded by the Allahabad High Court, they would clearly indicate that the Finance Act, 1968, was prescribing a distinct rate of tax on an item of total income which was already subjected to … 1. In this reference the question referred to us for our opinion by the Income-tax Appellate Tribunal under Section 27(1) of the W.T. Act, 1957, is as follows :' Whether, on the facts and in the circumstances

Smt. Krishna Gupta Vs. Commissioner of Wealth-tax

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Finance Act, 1968; Wealth Tax Act, 1957 - Sections 18 and 18(1); Income Tax Act, 1961 - Sections 271

Reported in : [1992]198ITR171(P& H)

Acts in respect of the penalty provisions. Under these provisions, as they stood before their amendment by the Finance Act, 1968, the scale of penalty imposable for concealment or understatement of wealth was a minimum amount of 20 per … of Rs. 50,000. No costs. - Sections 100-A [As inserted by Act 22 of 2002], 110 & 104 & Letters Patent, 1865, Clause 10: [Dr. … Bahri, J. 1. The following question has been referred to this court by the Income-tax Appellate Tribunal under Section 27 of the Wealth-tax Act, 1957 :'Whether, on the facts and circumstances of the case, the Income-tax Appellate

Madathil Brothers Vs. the Deputy Commissioner of Income Tax, Special R ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 2(4A), 2(14), 2(42), 2(42A), 2(47), 22, 27, 45, 68 and 260A; Finance Act, 1987 - Sections 27; Transfer of Property Act, 1882 - Sections 53A, 54 and 55; Registration Act; Taxation Laws (Amendment) Act, 1984; Income Tax Act, 1922 - Sections 9 and 12B; Income Tax Rules, 1962 - Rule 9A, 9B, 9B(1), 9B(2) to 9B(4) and 9B(7); Wealth Tax Rules - Rule 1D; Income Tax (Seventh Amendment) Rules, 1976

Reported in : (2008)217CTR(Mad)416; [2008]301ITR345(Mad)

of a business carried on by him, such conversion or treatment; (or) The following clause was inserted under Finance Act, 1987 with effect from 1.4.1988:(v) any transaction involving the allowing of the possession of any immovable property to … on the meaning of the term 'owner' in the context of assessability of the income from property under Section 22, in the decision reported in : [1997]226ITR625(SC) (C.I.T. v. Podar Cement Pvt. Ltd.), the Apex Court held that … : [2002]254ITR175(Mad) (Meccane Industries Ltd. v. C.I.T.), related to the Assessment Year 1968-69. This Court held that the delivery of possession of immovable property could

Syndicate Bank, Branch at Hanamkonda Vs. Excise Superintendent, Excise ...

Court : Andhra Pradesh

Subject : BankingCommercial

Acts : Andhra Pradesh Excise Act, 1968 - Sections 65(1) and 70; Revenue Recovery Act, 1864 - Sections 52A and 59; Limitation Act, 1963 - Sections 29

Reported in : 2003(1)ALT440; II(2003)BC215

.24. The dispute among the parties in the above case is recovery of loan due to the State Finance Corporation under Section 71 of the Kerala Revenue Recovery Act, 1968. In exercise of the powers conferred under … the Courts below on this aspect.Point No. 1:14. Under Sub-section (12) of Section 2 of the A.P. Excise Act, 1968 ('Excise Act' for brevity) 'excise revenue' means :Revenue derived or derivable from any duty, fee, tax, rent, fine, … High Court in Canara Bank v. Gokul Das Shenoy, 1 (1999) BC 228. A Division Bench of the Kerala High Court while considering the provisions

P.N. Tiwari Vs. Union of India

Court : Allahabad

Subject : Direct Taxation

Reported in : [2003]133TAXMAN482(All)

is also challenging the validity of section 17(2)(vi) of the Income Tax Act, 1961 as inserted by the Finance Act, 2001 on the ground that it has delegated essential legislative powers and that it is violative of Articles … executive No direction in nature of mandamus whether interim or final can be issued by Court under Article 226 necessarily to acquire particular land in public interest. Land acquisition is not a purely ministerial act to be