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J. Sainsbury Plc. Vs. Oconnar (inspector of Taxes).

Court : Kolkata

Subject : Direct Taxation

Reported in : [1992]197ITR462(Cal)

relief, the option agreement was an 'arrangement' within the meaning of paragraph 5(3) of Schedule 12 to the Finance Act, 1973. If so, the taxpayer company would lose the benefit of group relief by virtue of section 28

Seth Lunidaram Tikamdas Vs. Commissioner of Income-tax

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 297(2); General Clauses Act, 1897 - Sections 6

Reported in : (1979)10CTR(Mad)186; [1980]121ITR824(Mad)

came into force after the commission of the default. While amending Section 18(1)(a) by Clause 24(c) of the Finance Act, 1969, the Legislature has not introduced a provision similar to the one contained in Section 297(2)(g) of the I.T. … to pay a higher penalty under Section 271(1)(c) of the 1961 Act than the one leviable under Section 28(1) of the 1922 Act. Taking note of this hardship, the Tribunal satisfied its judicial conscience by expressing a

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 14, 14(1), 14(2), 15, 16(5), 18, 18(1), 35B and 36(1)

of the W.T. (Amend.) Act, 1964,' and thereafter under Section 18(1)(a)(i), as substituted by Section 24 of the Finance Act, 1969?' 9. Wealth-tax Reference No. 3/75.10. This reference relates only to the assessment year 1968-69. In this case also … differentperiods of defaults. The periods of default were found by him to be 88,76, 64, 52, 40 and 28 months for the assessment year's from 1963-64 to1968-69, respectively. The W.T.O. levied penalty for the years 1963-64 to

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 14, 14(1), 14(2), 15, 16(5), 18, 18(1), 35B and 36(1)

of the W.T. (Amend.) Act, 1964,' and thereafter under Section 18(1)(a)(i), as substituted by Section 24 of the Finance Act, 1969?' 9. Wealth-tax Reference No. 3/75.10. This reference relates only to the assessment year 1968-69. In this case also … differentperiods of defaults. The periods of default were found by him to be 88,76, 64, 52, 40 and 28 months for the assessment year's from 1963-64 to1968-69, respectively. The W.T.O. levied penalty for the years 1963-64 to

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) … for imposition of an additional tax, the liability to pay such tax having been designated as penalty under Section 28. One line of argument which has prevailed particularly with the Allahabad High Court in Lal Chand Gopal Das's

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 … 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 … this High Court has also, in the Case of CIT v. Alchemic Pvt. Ltd. : [1981]130ITR168(Guj) , construed section 28(iv) and observed as under (headnote) : 'The assessee which was served with a notice for payment of excise

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, … shall be allowed in respect of the matters dealt with therein, in computing the income referred to in Section 28--... (iii) the amount of the interest paid in respect of capital borrowed for the purposes of the business

Mangali Impex Ltd. and Others Vs. Union of India and Others

Court : Delhi

Subject : Customs

and (2B) to Section 28 of the Act were inserted with effect from 11th May 2001 by the Finance Act, 2001. Two Notifications bearing Nos. 250-Cus and 251-Cus were issued on 27th August 1983 by the Central Government … of a statute. In The Assistant Commissioner of Urban Land Tax v. The Buckingham and Carnatic Co. Ltd. 1969 (2) SCC 55, a Constitution Bench of the Supreme Court explained that in order to remove the defects

Kerala State Sericulture Co-Operative Federation Ltd. vs State of Kera ...

Court : Kerala

SECRETARIAT, THIRUVANANTHAPURAM 695 001. 2 THE PRINCIPAL SECRETARY DEPARTMENT OF INDUSTRIES, GOVERNMENT SECRETARIAT, THIRUVANANTHAPURAM - 695 001. 3 FINANCE SECRETARY TO GOVERNMENT OF KERALA GOVERNMENT SECRETARIAT, THIRUVANANTHAPURAM - 695 001. 4 KERALA STTE SERICULTURE CO-OPERATIVE APEX SOCIETY … way of taxes to other States. In the circumstances, the SERIFED was registered under the Kerala Co-operative Societies Act, 1969 as an Apex Society, in December, 1994.26. The SERIFED was administered initially by aManaging Board nominated by the … to oversee the five affiliated Societies. The appointments were in violation of Section 80 of the Kerala Co-operative Societies Act. The SERIFED did not require … Presidents of Taluk level Societies participated. In the said meeting held on 28.01.2015, it was decided that the Sericulture especially, the post-cocoon activities should be

Federation of Kerala Seri Culture Co-Oeprative vs State of Kerala

Court : Kerala

SECRETARIAT, THIRUVANANTHAPURAM 695 001. 2 THE PRINCIPAL SECRETARY DEPARTMENT OF INDUSTRIES, GOVERNMENT SECRETARIAT, THIRUVANANTHAPURAM - 695 001. 3 FINANCE SECRETARY TO GOVERNMENT OF KERALA GOVERNMENT SECRETARIAT, THIRUVANANTHAPURAM - 695 001. 4 KERALA STTE SERICULTURE CO-OPERATIVE APEX SOCIETY … way of taxes to other States. In the circumstances, the SERIFED was registered under the Kerala Co-operative Societies Act, 1969 as an Apex Society, in December, 1994.26. The SERIFED was administered initially by aManaging Board nominated by the … to oversee the five affiliated Societies. The appointments were in violation of Section 80 of the Kerala Co-operative Societies Act. The SERIFED did not require … Presidents of Taluk level Societies participated. In the said meeting held on 28.01.2015, it was decided that the Sericulture especially, the post-cocoon activities should be