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Commissioner of Wealth Tax, Amritsar Vs. Suresh Seth Overruled

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 14, 14(1), 14(2), 14(3), 15, 16, 17, 18, 18(1) and 27(1); Wealth Tax (Amendment) Act, 1964 - Sections 18; Finance Act, 1969; Constitution of India - Articles 20(1) and 136; Indian Mines Act, 1923 - Sections 39; Factories Act, 1948; General Clauses Act - Sections 6

Reported in : AIR1981SC1106; (1981)21CTR(SC)349; [1981]129ITR328(SC); 1981(1)SCALE729; (1981)2SCC790; [1981]3SCR419; 1981(13)LC555(SC)

to maximum of 50% of the wealth-tax payable under Section 18(1)(a) before its amendments on 1.4.69 by the Finance Act, 1969 : Rs. 115/-(ii) For the period from 1.4.69 to 18.3.71 : Penalty at 1/2% of the net wealth … net wealth which he is required to furnish under Sub-section (1) or Sub-section (2) of Section 14 or Section 17 or has without reasonable cause failed to furnish it within the time allowed and in the manner required;

Prem Cables Pvt. Ltd. Vs. Assistant Collector (Principal Appraiser) Cu ...

Court : Rajasthan

Subject : ExciseCustoms

Acts : Indian Tariff Act, 1936 - Sections 2, 2A, 2A(1) and 2A(2); Customs Act, 1962 - Sections 2, 12(1), 25, 25(1), 27, 27(1), 128 and 131; Finance Act, 1965 - Sections 26(1), 76(1) and 77; Constitution of India (Fifteenth Amendment) Act, 1963 - Sections 8; Sea Customs Act - Sections 23; Finance Act, 1964 - Sections 57(1); Central Excise Act, 1944; Finance Act, 1960; Indian Tariff Act, 1934; Central Excise (Conversion to Metric Units) Act, 1968; Finance Act, 1969; Evidence Act - Sections 106; Limitation Act, 1963 - Sections 17(1); Limitation Act, 1908 - Schedule - Articles 24, 62 and 96; Constitution of India - Articles 19, 32, 136, 226 and 226(1A); Contract Act - Sections 72; Orissa Sales Tax Act - Sections 4, 14 and 19; Uttar Pradesh Sales Tax Act; Code of Civil Procedure (CPC) - Sectio

Reported in : 1981(8)ELT440(Raj); 1978(11)WLN481

the goods in question. This is further clear from the fact that for the first time by the Finance Act, 1969, sub-item (aa) was added to item No. 27 in the First Schedule to the Excise Act and it … it cannot be said that the suit would have become barred on that date. Mr. Parakh referred to Section 17(l)(c) of the Limitation Act, 1963 which will, for the sake of brevity, hereinafter be referred to as the

income-tax Officer Vs. Joseph and ors.

Court : Kerala

Subject : CompanyDirect Taxation

Acts : Income Tax Act, 1922 - Sections 18(3D), 18(6) and 51; Income Tax Act, 1961 - Sections 2(22), 2(35), 194, 276 and 276B; Companies Act, 1956 - Sections 205(3); Constitution of India - Article 20(1); Income Tax Rules - Rule 30(1); Finance Act 1969

Reported in : [1972]83ITR362(Ker)

Ettumanoor Motors (P.) Ltd., under Sections 276(d) and 276B of the Income-tax Act, 1961, as amended by the Finance Act, 1969, for non-payment to the credit of the department all the tax collected on the dividend distributed among the … in all these appeals. Complaints were brought against the respondents-office bearers of the Ettumanoor Motors (P.) Ltd., under Sections 276(d) and 276B of the Income-tax Act, 1961, as amended by the Finance Act, 1969, for non-payment to … (d) requires that deduction and payment should be under provision of Chapter 17 B of Act of 1961 that requirement absent - Order of acquittal

Commissioner of Wealth-tax Vs. R.D. Chand and

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 14(1) and 18(1); Wealth Tax (Amendment) Act, 1964; Finance Act, 1969

Reported in : [1977]108ITR787(AP)

Once again, the provisions of Section 18 of the Wealth-tax Act. were amended by Section 24 of the Finance Act, 1969, and Clauses (i) and (ii) of the Wealth-tax (Amendment) Act, 1964, were substituted by the following Clauses (i) … net wealth which he is required to furnish under Sub-section (1) or Subsection (2) of Section 14 or Section 17 or has without reasonable cause failed to furnish it within the time allowed and in the manner required

Commissioner of Wealth-tax Vs. Smt. V. Pathummabi

Court : Kerala

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 18(1); Wealth Tax (Amendment) Act, 1964; Finance Act, 1969

Reported in : [1977]108ITR689(Ker)

is, under Section 18(1)(i) of the Wealth-tax Act, 1957, as it stood prior to its amendment by the Finance Act, 1969 ?'2. The returns for the two years 1964-65 and 1965-66 should have been filed by the assessee on … net wealth which he is required to furnish under Sub-section (1) or subsection (2) of Section 14 or Section 17 or has without reasonable cause failed to furnish it within the time allowed and in the manner required

Commissioner of Wealth-tax Vs. Ram NaraIn Agrawal

Court : Allahabad

Subject : Direct Taxation

Acts : Wealth-tax Act, 1957 - Sections 14(1), 17 and 18(1); Finance Act, 1969

Reported in : [1977]106ITR965(All)

appeal the Tribunal directed the Wealth-tax Officer to impose penalty on the scale in force prior to the Finance Act, 1969. Aggrieved by this order an application was filed on behalf of the Commissioner of Wealth-tax under Section 27(1) … were filed by him as required under Section 14(1) of the Act. The Wealth-tax Officer issued notice under Section 17 of the Act calling for return of net wealth for the assessment years which were served on the

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 … in sub-clause (i) or any payment of tax referred to in sub-clause (vii) of clause (6) of that section 17 or in clause (v) of sub-section of that section or the amount of any compensation referred to in … 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

C. K. Babu Naidu Vs. Wealth-tax Officer, a Ward, Calicut, and Another ...

Court : Kerala

Subject : Direct Taxation

Reported in : [1978]112ITR341(Ker)

declaration under section 68 of the Finance Act, 1965, and the assessment to income-tax steps were taken under section 17 of the Wealth-tax Act, 1957, to reopen the wealth-tax assessments and what has been done is to add … petitioners the entirety of the income declared by the petitioners for the purpose of section 68 of the Finance Act, 1965, is not liable to be taxed. According to them, the income-tax due on the income declared according … judgment of Issac J. dismissing O. P. Nos. 1511 and 1512 and 1969 [C. K. Babu Naidu v. Wealth-tax Officer : [1971]82ITR410(Ker) ]. The two

Chekka Anasuya Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (1982)2ITD60(Hyd.)

the following passage occurring at page 1181 of Chaturvedi and Pithisaria's Income-tax Law, Second Edition : II. The Finance Act, 1969-Changes made in Section 80C by the Finance Act, 1969, have been elaborated in the following portion of the … the Finance Act, 1969, have been elaborated in the following portion of the departmental circular No. 22 dated 17-7-1969 : 43. The Finance Act, 1969, had amended the provisions of Section 80C of the Income-tax Act with

Smt. Rajeshwari Birla Vs. Wealth-tax Officer, 'H' Ward and Ors.

Court : Kolkata

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Section 17; ;Income Tax Act, 1922 - Section 34(1)

Reported in : [1979]119ITR629(Cal)

August, 1972, a Special Cell of the Directorate of Inspection (Inv.) was set up under the Ministry of Finance, inter alia, to collect and supply information and make research into the techniques, evasion/avoidance of taxes. From January, … instant case for the assessment year 1968-69 was completed on 19th December, 1969, and the purported steps to reopen by the notice in annex. ' … of the Valuation Officer, it would fetch if sold in the open market on the valuation date.' 4. Section 17 of the said Act, which is to the following effect :'Section 17. Wealth escaping assessment.--(1) If the Wealth-tax