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Hindustan Wire Products Ltd. Vs. Commissioner of Income Tax, Patiala

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33, 33(1)(A), 33(1)(B), 80B(7), 80E, 80I and 80I(1); Finance Act, 1972; Finance Act, 1968

Reported in : AIR1987SC566; (1986)55CTR(SC)183; [1986]161ITR749(SC); 1986(2)SCALE160; (1986)3SCC689; [1986]3SCR478

time being approved in this behalf by the Central Government.The word 'Sixth' was substituted for 'Fifth' by the Finance Act 1968 with effect from April 1, 1969.5. With effect from April 1, 1964 the Fifth Schedule set forth a … 33 of the Income Tax Act, 1961 provides for the grant of development rebate. Prior to April 1, 1968, Section 33(1)(iii)(c)(A) of the Income Tax Act, 1961 provided:(1) In respect of a new ship acquired or new machinery

The Indian Hotels Company Ltd. and Others Vs. the Income Tax Officer, ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80J(1), 80J(4), 80J(6), 32A, 33 and 256(2); Finance Act, 1979 - Sections 2(7); Central Sales Tax Act, 1956; Finance Act, 1968 - Sections 2(6); Finance Act, 1973 - Sections 2(7); Constitution of India - Article 139A

Reported in : AIR2000SC2645; [2000]245ITR538(SC); JT2000(9)SC139; 2000(5)SCALE475; (2000)7SCC39; [2000]Supp2SCR261

Casino (Pvt.) Ltd. : [1973]91ITR289(Ker) Division Bench of the Kerala High Court referred to Section 2(6)(d) of the Finance Act, 1968 which defines an 'industrial company' and held that the activity carried on by the assessee in preparing articles … ship, machinery or plant in respect of which the deduction by way of development rebate is allowable under Section 33; and (d) any machinery or plant, the whole of the actual cost of which is allowed as a

Trilok Chand JaIn Vs. Dagi Ram Pindi Lall and ors. Overruled

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 54; Income Tax Act, 1961 - Sections 137; General Clauses Act, 1897 - Sections 6

Reported in : ILR1985Delhi331; [1974]95ITR34(Delhi)

provisions continued to be in force till April 1, 1964, on which date, by section 32 of the Finance Act No. 5 of 1964, section 137 was omitted, and by section 33 thereof, section 138 was substituted by … 7. 1970, in a suit in a' civil court for summoning documents for the assessment years 1965-66 to 1968-69. R. N. Mistra J. held that 'there was no ban on a Court calling for production of the

Petroleum India International Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2000)241ITR43(Mum.)

consideration for its supply of technical know-how or technical services under approved agreements.Sec. 80-O was amended by the Finance Act, 1968, to enhance the deduction available under that section to 100 per cent of the income by way of … CBDT Circular No.495 dt. 22nd September, 1987 explained the modification in the provisions of s. 80-O at para 33.1 [168 ITR (St) 108] as under : "The basic purpose of this incentive provision is to earn foreign

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 … investment from undisclosed sources came to Rs. 20,540. He, therefore, determined the income of the assessee at Rs. 33,817, to the best of his judgment. As earlier, he issued similar penalty notices.5. On appeal, the A AC

Commissioner of Income-tax Vs. Vallabh Leasing and Finance Co. Pvt. Lt ...

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 94, 94(1), 94(2), 94(3) ;Income Tax Act, 1922 - Sections 44F; Income Tax Amendment Act, 1987 - Sections 36, 36(1)

Reported in : (2004)187CTR(MP)20; [2004]265ITR1(MP)

provision which came up for construction in that case was Sub-section (4) of Section 33 of the English Finance Act, 1927, which was couched in the same language as our proviso and construing the words 'exceptional and not

K.T. Kuruvila Vs. Collector of C. Ex.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Tamil Nadu

Subject : MRTP

Reported in : (1990)(46)ELT304Tri(Chennai)

urged that in terms of a Circular issued by the Ministry of Finance, F.No.128/19/86-GC dated 6-3-1987, which the learned counsel referred to as the Amnesty … Excise, Cochin, has confiscated 2261.750 gms. of gold and gold ornaments under Section 71 of the Gold (Control) Act, 1968, the 'Act' for short, and permitted redemption of the same by appellant Kuruvila on payment of a fine … in the licensed premises and admittedly had not been accounted for. The learned Senior D.R. placed reliance on Section 33 of the Act and submitted that gold and ornaments found in business premises and not accounted for should

Porritts and Spencer (Asia) Ltd. Vs. Commissioner of Income-tax

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32, 33, 33(1A) and 40A(5); Income Tax Rules, 1962 - Rule 3

Reported in : (1989)79CTR(P& H)109; [1989]180ITR211(P& H)

rebate for acquiring used machinery or plant and such a provision was inserted in the Act by the Finance Act of 1964 with effect from April 1,1964.It appears that before Section 33(1A) was inserted with effect from April

S.S. Agarwal Vs. Collector of Central Excise

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Land Acquisition

Reported in : (1985)(22)ELT482TriDel

Gold (Control) Act as it stood prior to its amendment by the Finance (No. 2) Act, 1980, the Additional Collector of Central Excise and Customs, … 1. Shri S.S. Agarwal (hereinafter called the appellant) filed an appeal under Section 80 of the Gold (Control) Act, 1968 before the Government of India, against the Order-in-Original No. 18/Addl. Collr/Gold/1982, dated 30-7-1982 passed by the Addl. Collector … that case the matter for consideration was whether the Addl. Collector is a Collector for the purpose of Section 33 of the Central Excises and Salt Act, 1944.After going through the provisions of the Central Excises and Salt

Addl. Commissioner of Income-tax Vs. Trichy Steel Rolling Mills Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33(1)B(1) and 80I

Reported in : [1979]118ITR39(Mad)

time, used the expression 'priority industries' which has to be understood in accordance with the definition in the Finance Act for the year 1967 as amended by the Finance Act of 1968. That definition referred to item (1) … Govindan Nair, C.J. 1. The question that has been referred to us by the Income-tax Appellate Tribunal under Section 256(1) of the I.T. Act, 1961, for the years 1966-67 to 1969-70 in relation to the same assessee, … as envisaged in the Income-tax Act, 1961, for the purpose of Sections 33(1)(b)(B)(1)(a) and 80-I ?'2. An identical question came up for consideration before the