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Commissioner of Income-tax Vs. Smt. Indramani Devi Singhania

Court : Allahabad

Subject : Direct Taxation

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

Reported in : (1991)95CTR(All)26; [1991]189ITR124(All)

of Section 24 of the Act. The assessment years concerned herein are 1969-70, 1970-71 and 1971-72. By the Finance Act, 1968, Clause (iii) of Sub-section (1) of Section 24 of the Act was deleted and certain words were inserted

Commissioner of Income-tax Vs. Rajah Dhanrajgiriji

Court : Andhra Pradesh

Subject : Direct Taxation

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

Reported in : (1985)45CTR(AP)53; [1985]154ITR719(AP)

from out of the income arising from the house property till the assessment year 1968-69. But after the Finance Act, 1968, amended clause (iv) of sub-s. (1) of s. 24 of the I.T. Act the ITO disallowed the said … on the facts and the in the circumstances of the case, the interest as claimed is deductible under section 24(1)(iv) of the Income tax Act ?' 2. The assessee was deriving income from different sources including house

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 … 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. Act, 1961, read with Section 60 of the same Act.2. The assessed, Dr. Rameshwar Lal

Karnataka State Beverages Corpn. Ltd. Vs. Commissioner of Income-tax

Court : Karnataka

Subject : Direct Taxation

as Section 40(a)(iib) is concerned, the learned counsel would submit that the said sub-clause was inserted by the Finance Act, 2013 with effect from 1.4.2014 and the said section specifically disallows any amount paid by way of privilege … 8(4) of the Karnataka Excise (Sale of Indian and Foreign Liquors) Rules, 1968 is legitimate and in order. The State Government has fixed certain percentage … clarificatory in nature. Page No. 88 of the order for the Assessment Year 2012-2013. (xiv) Amendment made in Section 24 of the Karnataka Excise Act, 1965 is illegal. 3. The learned counsel for the petitioner would contend that

Commissioner of Income-tax Vs. Tarachand Kalyanji

Court : Mumbai

Subject : Direct Taxation

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

Reported in : (1993)111CTR(Bom)249; [1993]204ITR43(Bom)

deducted in the preceding years had been deleted with effect from April 1, 1969, by virtue of the Finance Act, 1968. As a result of the amendments made in section 24 with effect from April 1, 1969, under the

Gujarat Ginning and Mfg. Co. Ltd. Vs. Commissioner of Income-tax, Guja ...

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 14, 22, 23, 24, 24(1), 25, 26, 27, 28, 66, 81(1) and 110

Reported in : [1977]107ITR590(Guj)

mentioned at this stage that with effect from April 1, 1969, by virtue of the provisions of the Finance Act, 1968, section 24(1)(iii) has been deleted. The Income-tax Officer apportioned the amount of interest between the properties on the one

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 14, 14(1), 14(2), 15, 16(5), 18, 18(1), 35B and 36(1)

1965. Thereafter, penalty was levied under Section 18(1)(a)(i) of the Act as amended by Section 24 of the Finance Act of 1969 (hereinafter called the '1969 Amendment').5. The assessee appealed to the AAC of Wealth-tax. The AAC held … the material facts of this reference first.3. The assessment years involved in this reference are from 1963-64 to 1968-69. Admittedly, the assessee was liable to pay wealth-tax for all these years. He was required under Section 14(1)

T. K. Roy Vs. Commissioner of Wealth-tax. S. Karam Singh V. Commission ...

Court : Guwahati

Subject : Direct Taxation

1965. Thereafter, penalty was levied under section 18(1)(a)(i) of the Act as amended by section 24 of the Finance Act of 1969 (hereinafter called the "1969 Amendment").The assessee appealed to the AAC of the Wealth-tax. The AAC held … to the material facts of this reference first.The assessment years involved in this reference are from 1963-64 to 1968-69. Admittedly, the assessee was liable to pay wealth-tax for all these years. He was required under section 14(1)

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 14, 14(1), 14(2), 15, 16(5), 18, 18(1), 35B and 36(1)

1965. Thereafter, penalty was levied under Section 18(1)(a)(i) of the Act as amended by Section 24 of the Finance Act of 1969 (hereinafter called the '1969 Amendment').5. The assessee appealed to the AAC of Wealth-tax. The AAC held … the material facts of this reference first.3. The assessment years involved in this reference are from 1963-64 to 1968-69. Admittedly, the assessee was liable to pay wealth-tax for all these years. He was required under Section 14(1)

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 … company was also filed in the High Court of Gujarat on March 24, 1967, and by an order dated September 26, 1967, the High Court … 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