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Commissioner of Income-tax Vs. Coromandel Fertilisers Ltd.

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(15), 4(3), 10(5) 10(6), 17, 17(3), 28, 29, 30, 31, 32, 33, 33(1), 33(1)(B), 34, 35, 35A, 36, 37, 38, 39, 40, 40A, 41, 42, 43, 43(1), 43(3), 43(6), 43A, 43A(1), 43A(2), 48 and 50

Reported in : [1985]156ITR283(AP)

2 of Part A of the Fourth Schedule.' 57. Clause (v) was inserted in s. 40(a) by the Finance Act, 1968, with effect from April 1, 1969, and was again omitted by the Finance (No. 2) Act, 1971, with … of business or profession, certain special definitions of the expressions are given in s. 43 of the Act. Section 43(3) defines 'plant' as under : ''plant' includes ships, vehicles, books, scientific apparatus and surgical equipment used for the

Government of Maharashtra and Ors. Vs. Deokar's Distillery

Court : Supreme Court of India

Subject : Commercial

Acts : Bombay Prohibition Act, 1949 - Sections 11, 12, 13, 49, 58, 58A, 114, 114(1) and 143(2); Maharashtra Civil Services (Revised Pay) Rules, 1998; Constitution of India - Articles 162 and 309; Maharashtra Distillation of Spirit and Manufacture of Potable Liquor Rules, 1966 - Rules 15(1), 16(2), 17(12) and 17(43); Maharashtra Country Liquor Rules, 1973 - Rules 3(1), 4(2), 6(12)and 6(36); Maharashtra Foreign Liquor (Storage in Bond) Rules, 1964 - Rule 7; Maharashtra Foreign Liquor (Storage and Supply) Regulation, 1964; Andhra Pradesh Distillery Rules, 1970; Andhra Pradesh Excise Act, 1968 - Sections 28(2); Central Excise Act, 1944 - Sections 4; Central Excise Rules - Rule 10A; Sale of Goods Act, 1930 - Sections 62; Finance Act, 1901 - Sections 10 and 10(1); Finance Act, 1940 - Sections

Reported in : AIR2003SC1216; 2003(4)ALLMR(SC)316; JT2003(3)SC86; 2003(3)SCALE124; (2003)5SCC669; [2003]2SCR852; 2003(2)LC1427(SC); MANU/SC/0216/2003

v. Mulhern and Co. (Limited) [Vol.XVII (1900-1901) The Times Law Reports 730] Sub-section (1) of Section 10 the Finance Act, 1901 interpretation whereof fell for consideration was in the following terms:'Where any new Customs import duty or Excuse … respondent to pay their salaries and allowances etc. in pursuance of Section 28(2) of the Andhra Pradesh Excise Act, 1968. The respondent-Distillery having failed to get any redress filed writ petition challenging the demand on various grounds. The … form time to time under the Act shall be complied with. Sub-rule 43 of Rule 17 of the Rules of 1966 and Sub-rule 36 of

In Re Weirs Settlement Trusts. Macpherson and Weir (Viscount) Vs. Inla ...

Court : Andhra Pradesh

Subject : Direct Taxation

Reported in : [1970]76ITR53(AP)

Revenue Commissioner ([1968] A. C. 553; [1968] 70 I.T.R. 663 (H. L.). That case concerned a claim under section 43 of the Finance Act, 1940. There had been an advancement of capital to a beneficiary during the currency … J. This case on estate duty raises questions concerning the relationship between section 1 and 2 of the Finance Act, 1894, and concerning their impact on discretionary trusts at a time when the answer to these question on

State of Rajasthan Vs. Uka and ors.,

Court : Rajasthan

Subject : Tenancy

main objectives of the legislation relating to social control of Banks in 1968 and the nationalisation of fourteen major Indian commercial Banks in 1969 was … This enactment being enlisted under Schedule IXth is also having protection as per Article 31-B of the Constitution.9. Section 43 of the Act of 1955 provides that a usufructuary mortgage of agricultural land would stand automatically redeemed on … shown that there are certain provisions therein which inhibit the entry of commercial Banks into the field of financing of agriculture. It will, therefore, be necessary to modify these laws for the purpose of enabling commercial banks

Commissioner of Income-tax Vs. Texmaco Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Indian Income Tax Act, 1922 - Sections 10(5) and 15C; ;Indian Income Tax (Computation of Capital of Industrial Undertakings) Rules, 1949 - Rule 3(1); ;Income Tax Act, 1961 - Section 43(6)

Reported in : (1982)29CTR(Cal)64,[1983]141ITR531(Cal)

1886), was in force : ' 8. By an amendment introduced retrospectively by Section 6 of the 2nd Finance Act, 1965, a proviso was added which stipulates as follows :'Provided that in determining the written down value in … be computed in accordance with the provisions contained in Sections 30 to 43A of the I.T. Act, 1961. Section 43, Sub-section (6) provides the meaning of the written down value. Sub-section (6) of Section 43, stipulates as follows

Commissioner of Income-tax Vs. Gwalior Rayon Silk Mfg. (Wvg.) Co. Ltd.

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Companies (Profits) Surtax Act, 1964 - Sections 2(5) - Schedule - Rule 1

Reported in : (1983)37CTR(MP)245; [1984]146ITR178(MP)

80AA with retrospective effect from 1st April, 1968, to get over the ruling of the Supreme Court. By Section 43 of the Finance Act, 1981, the following Explanation has been added in Rule 1 :'Notwithstanding anything contained in … by way of dividends' as they occur in Section 80M. It may be here mentioned that by the Finance Act, 1980, Parliament has introduced Section 80AA with retrospective effect from 1st April, 1968, to get over the ruling

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 … ____________________________________________________________________Asstt. Amount of Claim of interest of joint ClaimYear interest paid mortgage of buildings and allowedmachineries_____________________________________________________________________Rs. Rs. Rs.1962-63 43,658 27,193 18,1291963-64 35,654 18,860 13,3801964-65 29,403 11,667 8,2001965-66 25,723 7,504 5,3471966-67 22,077 3,440 2,3411967-68 31,007 35 Disallowed in

Assistant Commissioner of Income Vs. Kanchanganga Seeds Co. (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2002)81ITD152(Hyd.)

He invited our attention to Rules 1 to 11 provided in Part-IV of Schedule 1 of the Annual Finance Acts to show that there is no rule therein to provide for the deduction of R&D expenditure. The … the assessee. All these appeals arise out of the respective assessments completed under Section 143(3) of the IT Act, 1961.2. The assessee-company is deriving agricultural income as well as earning business income under its agricultural division and … the net income from taxable and non-taxable sources. For the asst. yr. 1968-69, the assessee-company claimed the whole of the managing agency commission against income … The AO failed to note that in terms of Sections 35(1)(i) and 43(4) of the IT Act, the entire expenditure on research and development which

Gujarat Forging (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (1996)56ITD208(Ahd.)

as the said judgment considered the effect of amendment of Section 263 made with retrospective effect by the Finance Act, 1989 and did not relate to the question of limitation of the period for passing an order under … amount thereof, Explanation 1: In this clause 'actual cost' has the same meaning as in Clause (1) of Section 43. Explanation 2 : In this clause and in Clause (III), 'computation period' means the period for which profits

Association For Democratics Reforms Vs. Union Of India

Court : Supreme Court of India

Subject : Right to Information

establishing the double proportionality standard ...................................................... 103 b) Validity of the Electoral Bond Scheme, Section 11 of the Finance Act and Section 137 of the Finance Act ..................................................... 113 c. Validity of Section 154 of the Finance Act … functioning democracy. Information about funding to political parties is necessary for an informed voter since the Symbols Order 1968 and the provisions of the Tenth Schedule allow political parties to influence legislative outcomes and policies; l. The … 41 Electoral Bond Scheme, Clause 8(1) 42 Electoral Bond Scheme, Clause 8(2) 43 Electoral Bond Scheme, Clause 9 44 Electoral Bond Scheme, Clause 10 20