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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.

Prem Cables Pvt. Ltd. Vs. Assistant Collector (Principal Appraiser) Cu ...

Court : Rajasthan

Subject : ExciseCustoms

Acts : Indian Tariff Act, 1936 - Sections 2, 2A, 2A(1) and 2A(2); Customs Act, 1962 - Sections 2, 12(1), 25, 25(1), 27, 27(1), 128 and 131; Finance Act, 1965 - Sections 26(1), 76(1) and 77; Constitution of India (Fifteenth Amendment) Act, 1963 - Sections 8; Sea Customs Act - Sections 23; Finance Act, 1964 - Sections 57(1); Central Excise Act, 1944; Finance Act, 1960; Indian Tariff Act, 1934; Central Excise (Conversion to Metric Units) Act, 1968; Finance Act, 1969; Evidence Act - Sections 106; Limitation Act, 1963 - Sections 17(1); Limitation Act, 1908 - Schedule - Articles 24, 62 and 96; Constitution of India - Articles 19, 32, 136, 226 and 226(1A); Contract Act - Sections 72; Orissa Sales Tax Act - Sections 4, 14 and 19; Uttar Pradesh Sales Tax Act; Code of Civil Procedure (CPC) - Sectio

Reported in : 1981(8)ELT440(Raj); 1978(11)WLN481

distinct from the customs duty and this would be clearly seen if we look into the proviso to Section 26 (1) of the Finance Act, 1965 and subsequently incorporated in Section 57(1) of the 1964 Act and Section … goods were further chargeable to regulatory duty of 10% then in force levied under Section 77 of the Finance Act, 1965. The duty @ Rs. 360 per M.T. was levied by the Central Government in exercise of the … specified. This item 33 was subsequently modified as item 27 by the Central Excise (Conversion to Metric Units) Act, 1968 but the contents thereof remained the same. Item 27 mentions the following commodities for the purpose of levying

Commissioner of Income-tax, Tamil Nadu-i Vs. Standard Motor Products o ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80I

Reported in : (1980)17CTR(Mad)317; [1981]131ITR300(Mad)

the income exceeded Rs. 10 lakhs, then the rebate was reduced to 26 per cent. Part III of the Finance Act contains several entries. We … calendar year. In that year, the assessee claimed the relief admissible to priority industry in accordance with the Finance Act, 1965. First Schedule, Pt. I, Para. F, read with Pt. III. The ITO rejected this claim for rebate … the assessee is entitled to the rebate under the provisions of section 80E/80I for the assessment years 1966-67, 1968-69 and 1969-70 3. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was

State of West Bengal and ors. Vs. A.S. Narayana

Court : Kolkata

Subject : Sales Tax

Reported in : [1977]40STC404(Cal)

registration under the said Act.24. The firm had made a voluntary disclosure before the income-tax authorities under the Finance Act, 1965 and, under Section 68 of the Act, such declaration was to be confidential not to be disclosed … 1970 S.C 1292, where the court was considering the provisions in Section 152A inserted by the Gujarat Amendment Act, 1968, to the Bombay Provincial Municipal Corporation Act, 1949. By the said section the Corporation was given power to

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 … framing the assessment order, the AO noticed that there was a car advance to the tune of Rs. 26,55,000 paid for acquiring a foreign car for the managing director of the company.As on 31st March, 1994, he

Dharani Sugars and Chemicals Ltd Vs. Union of India

Court : Supreme Court of India

Subject : Land Acquisition

power sector associations. Key observations in the Report are: “(a) As per Department of Financial Services, Ministry of Finance, “one size fits all” approach of the RBI is erroneous. India have submitted (b) Lenders like the Rural … exercised after the expiry of a period of the commencement of Section 20 of the Banking Laws (Amendment) Act, 1968.” three years from A conspectus of all these provisions shows that the Banking Regulation Act specifies that the … taking in order to bring back the power sector on its feet. 26 12. At this juncture, it is important to note the genesis of

Commissioner of Income-tax Vs. Kishorekumar Shamji

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 271(1)

Reported in : (2000)161CTR(Ker)225; [2000]244ITR702(Ker)

Section 271 by the said Finance Act (section 40 of the Finance Act, 1964). In between, by the Finance Act, 1968, the base for levy of penalty became the amount of concealment as against the quantum of tax sought … Officer issued a notice under Section 148 on October 11, 1979. The assessee filed a return on October 26, 1979, along with another letter. In this return, he had shown total income from business at Rs. 5,90,387.51

Dharam Pal Sat Dev Vs. Commissioner of Income-tax

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 187(2) and 188; Indian Partnership Act - Sections 42

Reported in : [1974]97ITR302(P& H)

Lordships of the Supreme Court, while examining the scheme of Section 44 (before It was amended by the Finance Act of 1958) and Us inter-relation with the provisions of Sections 26(2), etc., observed as under:''Where the firm is … June 9, 1966, to March 31, 1967. The Income-tax Officer, while assessing, vide his order dated March 13; 1968, clubbed the income of the two firms and passed a single assessment order holding the view that it

Sirpur Paper Mills Ltd. Vs. Director of Inspection, Customs and Centra ...

Court : Andhra Pradesh

Subject : Direct TaxationExcise

Acts : Income Tax Act, 1961 - Sections 27, 81, 99(1), 280ZD and 280ZD(6)

Reported in : 1983(12)ELT457(AP); [1982]136ITR120(AP)

amount of tax credit to be certified under s. 280ZD of the I.T. Act. Section 39 of the Finance Act, 1968, read : '39. Special duties of excise on certain goods - (1) When goods of the description mentioned … property or whatever may be the object of the tax in a particular case and determining its amount.' 26. Hence, the words 'levied and collected' occurring in sub-s. (1) of s. 39 as well as in sub-s.

Hotel and Allied Trades (P.) Ltd. Vs. Commissioner of Income-tax

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 271 and 271(1)

Reported in : [1996]221ITR619(Ker)

assessment years in question. Section 271(1)(c) read with the Explanation as it stood after the amendment by the Finance Act, 1964, with effect from April 1, 1964, the relevant portion reads as follows :'271. Failure to furnish returns, … and in the circumstances of the case, where more than one return is filed, one before April 1, 1968, and the other after April 1, 1968, and where some income is concealed in both the returns, the … the fact that the Executive Engineer (Valuation) inspected the building on October 26, 1979, and that he was of the view that the actual construction