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C.W.S. (India) Limited Vs. Commissioner of Income Tax

Court : Supreme Court of India

Subject : Direct Taxation

Reported in : [1994]208ITR649(SC); JT1994(3)SC116; 1994(1)SCALE840; 1994Supp(2)SCC296; [1994]2SCR247

clause (iv) or clause (v) of Sub-section (1) of Section 36 shall not be taken into account.3. By Finance Act, 1968, sub-clause (iii) in clause (c) of Section 40 was deleted and in its place sub-clause (v) was introduced … Finance Act, 1964, read as follows:40 Amounts not deductible: Notwithstanding anything to the contrary in Sections 30 to 38, the following amounts shall not be deducted in computing the income chargeable under the head 'profits and gains

Controller of Estate Duty, Karnataka, Bangalore Vs. Andal Thayaramma

Court : Karnataka

Subject : Direct Taxation

Acts : Estate Duty Act, 1953 - Sections 7(1), 7(2), 34(1) and 34(2)

Reported in : ILR1984KAR1368; [1985]151ITR197(KAR); [1985]151ITR197(Karn); 1984(2)KarLJ396

on and after 20th March, 1968, this relief was removed from claims on a gift basis by the Finance Act, 1968, s. 38, and with the elimination of duty on most of such property, the exception was repealed altogether … of the case, it was for the Tribunal an error of law to hold that the provisions of section 7(1) of the Estate Duty Act are not applicable to the case (2) Whether, on the facts and

K.P. Chackochan and anr. Vs. Federal Bank and ors.

Court : Kerala

Subject : BankingCompany

Acts : Banking Regulation Act, 1949 - Sections 10A, 10B, 20, 30, 35B, 36, 36AD, 36AE, 36AJ, 37, 38, 38(2) and 47A; ;Companies Act, 1956 - Sections 176, 391, 392, 397, 398, 399(3), 433 and 583; Banking Regulation (Amendment) Act, 1968

Reported in : [1989]66CompCas953(Ker)

banking companies. The 'social control ' was imposed through Act 58 of 1968 which amended the Banking Regulation Act. The preamble to the Amending Act … Companies Act was passed in 1949, it was explained in the note on clause 37, which corresponded to Section 38, that the provisions of the Indian Companies Act in respect of liquidation of companies did not seem to … fact controlling some non-banking companies. This resulted in the interlocking of shares. Banking companies, therefore, could manipulate the finances at the disposal of non-banking companies. To put it in a nutshell, the main features were; ' the

The Commissioner of Income Tax and Another Vs. V.S. Dempo and Co. Pvt. ...

Court : Mumbai

Subject : Direct Taxation

amended by the Finance Act, 1963, w.e.f. 1-4-1963, Finance Act, 1964, w.e.f. 1-4-1964, Finance Act, 1965, w.e.f. 1-4-1965, Finance Act, 1968, w.e.f. 1-4-1969, Finance (No. 2) Act, 1971, w.e.f. 1-4-1972, Finance Act, 1984, w.e.f. 1-4-1985 and Direct Tax Laws … shall be allowed in computing the income chargeable under the head Profits or Gains of Business or Profession. Section 38 deals with building etc., partly used for business etc., or not exclusively so used. Section 39 stands omitted.

Union of India Vs. Maliakkal Industrial Enterprises

Court : Kerala

Subject : Education

Whether an insecticide, which has non-insecticidal uses, can be regulated in view of Section 38 of the Insecticides Act 1968 (hereinafter referred to as 'the Act' for short). ii). Whether the policy of the Government as manifested in … THIS HONOURABLE COURT ---------------- APPELLANT(S)/RESPONDENTS13, 5 AND6 --------------------------------------------------------------- 1. UNION OF INDIA, REPRESENTED BY THE SECRETARY, MINISTRY OF FINANCE, DEPARTMENT OF REVENUE, NORTH BLOCK, NEW DELHI-110001.2. THE DIRECTOR GENERAL OF FOREIGN TRADE, DEPARTMENT OF COMMERCE, MINISTRY OF

Commissioner of Income-tax (Central) Vs. Express Newspapers Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 24, 24(1), 36, 36(1), 38(1) and 38; Finance Act, 1964

Reported in : (1980)15CTR(Mad)383; [1980]124ITR117(Mad)

mortgage or charge. '5. The above clause was omitted by Section 30 and the Third Schedule of the Finance Act, 1968, with effect from 1st April, 1969. As the assessment years under consideration fall prior to 1st April, 1969, … the head 'Interest on securities', should not be deducted in computing the income chargeable under the head 'Business'. Section 38 provides for cases where a part of any premises is used as dwelling house by the assessee or

Mohanlal Vanmalidas and Company and ors. Vs. Collector of Customs, (Pr ...

Court : Mumbai

Subject : Customs

Acts : Gold Control Act, 1968 - Sections 27(7) and 31; General Clauses Act, 1897 - Sections 6; Gold (Control) Repeal Act, 1990

Reported in : 2004(2)BomCR703; 2004(2)MhLj489

any proper permit from the Reserve Bank of India, as required under the Govt. of India, Ministry of Finance (Department of Revenue) New Delhi's Notification No. 12(II) F.I./48 dated 25-8-1948 issued under Section 8(1) of the Foreign … the contravention of provisions of Sections 27(7)(b), 31 and 36 read with Rule 13(1) of the Gold (Control) Act, 1968 and the rules framed thereunder and the petitioners were directed to show cause why the gold and gold … (Soni),Goldsmith Certificate No. SP. 1/75,4) Shri Rashmikant Purshottamdas Champaneri (Soni),Goldsmith Certificate No. 38/72,5) Shri Suresh Sivram Virkar,Goldsmith Certificate No. 728/69,6) Shri Manohar Gajanan Narvekar, Goldsmith

Yoshio Kubo Vs. Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

referred to in clause (ix) of subsection (1) of Section 36 shall not be taken into account." Through Finance Act, 1968, sub-clause (iii) to Section 40 (c) was deleted; instead, sub-clause (v) was introduced to Section 40 (a). That, … + ITA 379/2007 THE COMMISSIONER OF INCOME TAX XVI ....Appellant versus SH. SASHI MUKUNDAN ..... Respondent + ITA 387/2008 THE COMMISSIONER OF INCOME TAX XVI ...Appellant versus MR. SHORT DONALD ..... Respondent + ITA 212/2009 THE COMMISSIONER

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 … 1984, reduced the quantum of deduction to 50 per cent w.e.f. 1st April, 1985. The CBDT Circular No. 387, dt. 6th July, 1984 (Chaturvedi & Pithisaria Compendium of Circulars Vol. 1 p. 1382), while explaining the amendment

Boehringer Knoll Ltd. Vs. Employees' State Insurance Corporation

Court : Mumbai

Subject : Labour and Industrial

Reported in : (1977)79BOMLR207; 1977MhLJ389

was to undertake propaganda in respect of the goods manufactured by the factory. The planning department, statistical department, finance department and marketing department in the head office wore found to be doing the-work of the factory and … on account of the employees' contribution for the period from April I, 1968 to July 81, 1970. This demand was resisted by the company on … of contemplated by Section 1(5) of the Act had been issued by any Government and the provisions of Section 38 of the Act would be applicable only in respect of the employees employed in the factory. According to