Advanced Search Results

Commissioner of Income-tax Vs. Madras Motor and General Insurance Co. ...

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1963; Income Tax Act, 1961 - Sections 99(1); Finance Act, 1968 - Sections 31(3); Companies (Profits) Surtax Act, 1964 - Schedule - Rule 1

Reported in : [1975]99ITR243(Mad)

to the learned counsel now in view of the deletion of the words 'received by it' by the Finance Act, 1968, with retrospective effect. While deleting the provisions of Section 99, Finance Act, 1968, by Section 31(3) omitted the

Commissioner of Income-tax Vs. K. Saraswathi Ammal and ors. and J.H. T ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 84 and 85; Finance Act, 1968 - Sections 31

Reported in : [1981]127ITR404(Mad)

Direct Taxation - rebate - Sections 84 and 85 of Income Tax Act, 1961 and Section 31 of Finance Act, 1968 - whether it had been rightly held that assessee was entitled to rebate on shares of dividend received

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 … of excise equal to 20 per cent of the total amount to chargeable on such goods; and...' 19. Section 31 of the Finance Act, 1969, also is in similar terms. Based on the language, learned counsel argued that

Cloth Traders (P) Ltd. Vs. Additional C.i.T., Gujarat-i Overruled

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 12, 57, 80A to 80D, 80M, 85A, 99, 99(1) and 257; Indian Income tax Act, 1922 - Sections 8, 16, 56A and 60A; Finance Act, 1953; Finance (Amendment) Act, 1965 - Sections 99; Finance (Amendment) Act, 1966 - Sections 85A; Finance (Amendment) Act, 1967; Finance (Amendment) Act, 1968 - Sections 31, 31(2) and 31(3)

Reported in : AIR1979SC1691; (1979)10CTR(SC)393; [1979]118ITR243(SC); (1979)3SCC538; [1979]3SCR984

effect from 1st April, 1968. The Finance Act of 1968 also provided in Sub-sections (2) and (3) of Section 31 that notwithstanding the omission of section 99, Sub-section (1), Clause (iv) and Section 85A, the provisions of those … on the question of interpretation posed before us. One amendment is, however, material and that was made by Finance Act 1968 by which the words 'received by it' occurring in Sub-section (1) of Section 80M were omitted with effect

Apeejay Industries Ltd. Vs. Commissioner of Income-tax and ors.

Court : Kolkata

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 156, 215, 220, 220(2A) and 251; ;Taxation Laws (Amendment) Act, 1984; ;Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986; ;Wealth-tax Act - Section 31(2A); ;Constitution of India - Article 226; ;Finance Act, 1968 - Section 271(1)

Reported in : [2001]250ITR414(Cal)

the apex court, while deciding the question of applicability of Clause (iii) substituted in Section 271(1) by the Finance Act, 1968, held that it is the law operating on the date on which the wrongful act is committed which … Kalyan Jyoti Sengupta, J. 1. This writ petition is directed against order dated December 31, 1993, and order dated August 11, 1978, October 31, 1979, December 19, 1989, and the proceedings for charging

Moka Narasimhulu Vs. Wealth-tax Officer, A-ward and anr.

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 5(1) and 25; Constitution of India - Article 226

Reported in : [1979]119ITR105(AP)

even word ' manufacture '. Referring to the four categories to whom certain benefits were given under the Finance Act, 1968, it was pointed out that the reference is only to the manufacturing concerns as against trading concerns. The … by processing of groundnut kernel - industrial undertaking within meaning of Clauses 31 and 32 includes processing of goods also - held, said mill was … Sambasiva Rao, C.J.1. What is an 'industrial undertaking ' within the meaning oi Section 5(1)(xxxi) of the W T. Act and whether a groundnut oil mill, which extracts oil by crushing groundnut

Commissioner of Wealth Tax Vs. P. Devasahayam

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28 and 80J; Wealth Tax Act, 1957 - Sections 5, 5(1) and 27(3)

Reported in : (1998)144CTR(Mad)313; [1999]236ITR885(Mad)

the year 1968-69, the assessee claimed to be an 'industrial company', as the term is defined in the Finance Act, 1968. The claim to be assessed at the rate of tax applicable to an 'industrial company', namely, at 55 … 1968, and that the assessee is an 'industrial company' within the meaning of the definition contained in that section ?' (h) Their Lordships of a Division Bench of the Kerala High Court took into consideration various precedents

Mulcaire Vs. Phillips

Court : UK Supreme Court

Subject : Education

protection of his property I would welcome legislation somewhat on the lines of section 31 of the Theft Act 1968: the aim of such legislation should be to remove the privilege while at the same time preventing the … commercially confidential information. This includes private and/or confidential information relating to her clients' personal lives and relationships, health, finances, incidents in which the police have become involved, personal security or publicity issues, commercial business transactions, professional relationships

A.V. Thomas and Co. Vs. Commissioner of Income-tax

Court : Kerala

Subject : Direct Taxation

Acts : Companies (Profits) Surtax Act, 1964 - Sections 2(5) and 4 - Schedule - Rule 1; Income Tax Act, 1961 - Sections 57 and 80M

Reported in : [1977]110ITR515(Ker)

This was rested on the words ' received by it 'having been deleted by Section 31(3) of the Finance Act, 1968, with effectfrom the 1st April, 1962. The question was further considered whether theassessee was not liable for surtax

Commissioner of Income-tax Vs. Kamala Devi

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2 and 45; Indian Partnership Act, 1932 - Sections 14

Reported in : [1997]227ITR701(Mad)

considering the provisions of Section 85 of the Income-tax Act, 1961, as modified by Section 31 of the Finance Act, 1968, extracted a passage, which runs as under (page 407) : ' 'The property of the firm' is statutorily