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Commissioner of Income Tax Vs. Ganeshmal Nanak Chand

Court : Rajasthan

Subject : Direct Taxation

Reported in : 1975WLN(UC)505

1946, and the liability of the company had to be determined as on April 1, 1946, when the Finance Act, 1946 came into force A prelimilary objection was raised on behalf of the Commissioner of Income Tax that … petition to this Court under Section 66(2) of the Act This reference petition was allowed on 29th July, 1969 by the learned Division Bench of this Court. The Appellate Tribunal was directed to state the case and … the first time raised the contention that the fourth proviso to Section 10(2)(vii) did not apply to the assessment as it was not in force

Commissioner of Income-tax Vs. New India Industries Ltd.

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 6, 9, 10, 12, 14, 17, 17(1), 17(3), 22, 28, 30, 31, 32, 32(1), 33, 34, 35, 36, 36(1), 37, 37(1), 38, 38(2), 39, 40, 41(1) and 80J

Reported in : (1992)106CTR(Guj)374; [1993]201ITR208(Guj)

two statutory provisions. Section 40(c)(iii) being relevant for the assessment year 1968-69 which was originally introduced by the finance Act, 1963, is as under : '40. Amounts not deductible. - Notwithstanding anything to the contrary in sections 30 … way of gratuity or the value of any travel concession of assistance referred to in clause (5) of section 10 or passage money or the value of any free or concessional passage referred to in sub-clause (i) or … heads, reeds, cameras and photographic paper The relevant assessment years are 1968-69, 1969-70, 1970-71 and 1971-72. (ii) For assessment year 1968-69, the Income-tax Officer applied

Janab M.M. Sultan Ibrahim Adhum Vs. Wealth-tax Officer 1(1)

Court : Chennai

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 18(1); Constitution of India - Articles 14, 19(1) and 19(5)

Reported in : [1973]91ITR417(Mad)

of the Wealth-tax Act, 1957. Section 18(1)(a), as extracted above, was substituted for the original Section 18(1)(a) by Finance Act of 1969 which came into force on April 1, 1969. The Finance Act has increased the scale of … Supreme Court in Jalan Trading Co. v. Mill Mazdoor Sabha, : (1966)IILLJ546SC in considering the constitutional validity of Section 10 of the Payment of Bonus Act, 1965. This is what the Supreme Court said there: ' Whether the

Maruti Udyog Ltd. Vs. Dy. Cit

Court : Delhi

Subject : Direct Taxation

Reported in : [2005]92ITD120(Delhi)

The legislature made retrospective amendment to section 28 of the Act by inserting clauses (iiia) to (iiic) by Finance Act, 1990 with effect from 1-4-1962. Thus, income by way of duty drawback became taxable income by virtue of … year in question (i.e., in the previous year relating thereto), suppose they actually pay excise duty of Rs. 100. Suppose also, that on the last day of the previous year, there is a closing stock of goods

The Commissioner of Income-tax Delhi Ii Vs. the Punjab and Sind Bank L ...

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10(15), 32(1), 33, 43(3), 80-J and 256(1)

Reported in : 2000VAD(Delhi)661; 86(2000)DLT438; 2000(54)DRJ370; [2000]244ITR393(Delhi)

apparatus installed in shop premises qualified as plant within the meaning of Section 40 and 41 of the Finance Act. 1971. the Revenue held it not to be plant. On the above decision being affirmed by the chancery … of a hotelier and restaurant proprietor the very thing the trader is selling includes and ambience or setting...' 10. In IRC v. Scottish and Newcastle Breweries Ltd., [1982] 55TC 252 (HL), expenditure on 'decor' in a hotel

Addl. Commissioner (Legal) and anr. Vs. M/S. Jyoti Traders and anr.

Court : Supreme Court of India

Subject : Sales Tax

Acts : Income Tax Act, 1922 - Sections 34; Income Tax Act, 1961 - Sections 148 and 297(2); Finance Act, 1956 - Sections 18; Bengal Finance (Sales Tax) (Third Amendment) Act, 1974; Utter Pradesh Trade Tax Act, 1948; Bengal Sales Tax Rules, 1941 - Rule 80(5)

Reported in : [1999]112STC277(SC)

case of a person deemed to be an agent of a non-resident person. By Section 18 of the Finance Act, 1956, period of one year was increased to two years. The relevant clauses of Section 34 prescribing the … was assessed for the assessment years Chaitra Sudi 2023 and 2024. The assessments were completed on February 17, 1969 and March 26, 1969 respectively. Under Rule 80 (5) of the Bengal Sales Tax Rules, 1941 made under

income-tax Officer Vs. Lt. Col. G.R. Chopra

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1985)11ITD662(Delhi)

item (1) in the above Clause (iv), which is mentioned hereinbefore, the following item was substituted by the Finance Act, 1969, with effect from 1-4-1970 : (1) where the conveyance is a motor car and the amount of the … the payment of the pension, in view of Rules 8, 9 and 10 thereto, is dependent upon an additional condition of impeccable behaviour even subsequent … on 31-3-1978.2. Against the pension received by the assessee of Rs. 7,320, he had claimed standard deduction under section 16(i) of the Income-tax Act, 1961 ('the Act'), of Rs. 1,464. The said claim of the assessee was

income-tax Officer Vs. Elite Sea Foods

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (1983)3ITD348(Coch.)

storage plant was used for preserving potatoes. The claim in that case was under Section 2(6)(c) of the Finance Act, 1969, namely, whether the assessee there was an industrial company. Reliance is also placed on the decision of the … on the decision of the Allahabad High Court in Addl. CIT v. Farrukhabad Cold Storage (P.) Ltd. [1977] 107 ITR 816, which was also the case of a company doing cold storage business. It is submitted that

Venugram Multipurpose Co-Operative Credit Society Ltd. Vs. The Income- ...

Court : Karnataka Dharwad

Subject : Direct Taxation

By the Finance Act, 2006 (21 of 2006), sec.19 (w.e.f. 1-4-2007). Earlier sub-section (4) was omitted by the Finance Act, 1969 (14 of 1969), sec. 10(b) (w.e.f, 1-4-1970).) [(4) The provisions of this section shall not apply in relation

Venugram Multipurpose Co Operative Credit Society Vs. The Income-Tax O ...

Court : Karnataka Dharwad

Subject : Direct Taxation

By the Finance Act, 2006 (21 of 2006), sec.19 (w.e.f. 1-4-2007). Earlier sub-section (4) was omitted by the Finance Act, 1969 (14 of 1969), sec.10(b) (w.e.f. 1-4-1970). :5. : (b) “primary co-operative agricultural and rural development bank” means a