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income Tax Officer, Shillong and ors. Vs. R. TakIn Roy Rymbai and ors.

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 2(45), 5, 6, 10, 10(1), 10(26) and 80A to 80U; Indian Income-tax Act, 1922 - Sections 4(3); Constitution of India - Articles 14, 46, 136, 226, 342(1), 342(2), 366 and 366(25);Finance Act, 1955; Finance Act, 1938 - Sections 3; Taxation Laws (Amendment) Act, 1970; North Eastern Areas (Re-organization) Act, 1971

Reported in : AIR1976SC670a; [1976]103ITR82(SC); (1976)1SCC916; [1976]3SCR413; 1976(8)LC295(SC)

(3) of Indian Income-tax Act, 1922, Finance Act, 1955, Section 3 of Finance Act, 1938, Taxation Laws (Amendment) Act, 1970, North Eastern Areas (Re-organization) Act, 1971 and Articles 14, 46, 136, 226, 342 (1), 342 (2), 366 and … contain any provision specifically, exempting members of the Scheduled Tribes from the levy of income-tax. It was the Finance Act 1955 that first incorporated in the Income-tax Act, 1922, provisions for exemption of the Tribal people of the

Commissioner of Income-tax Vs. Krishnakant Somabhai and Co.

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 256(2) and 273

Reported in : [1994]207ITR905(Guj)

assessment for the assessment year commencing on April, 1, 1970, also. Before section 273 was substituted by the Finance Act, 1969, from April 1, 1970, there was no provision providing for penalty for non-compliance with sub-section (3) of

Jaswant Sugar Mills Ltd. Vs. Union of India (Uoi) and ors.

Court : Allahabad

Subject : ExciseCivil

Acts : Essential Commodities Act - Sections 3; Levy Sugar Supply (Control) Order, 1972; Central Excise Act, 1944; Additional Duties of Excise (Goods of Special Importance) Act, 1957; Finance Act, 1970 - Sections 32 and 35; Constitution of India - Article 226

Reported in : 1984(3)ECC355; 1983(13)ELT920(All)

under the Additional Duties of Excise (Goods of Special Importance) Act, 1957. Sections 32 and 35 of the Finance Act, 1970, fixed the rate of excise duty at 30 per cent ad valorem and additional excise duty at 74 … Road, Meerut. The Central Government by its order dated 15th June, 1972, in exercise of powers conferred by Section 3 of the Essential Commodities Act, promulgated Levy Sugar Supply (Control) Order, 1972, and for the sugar produced during

Commissioner of Income-tax Vs. Pulikkal Medical Foundation Pvt. Ltd.

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10(22) and 10(22A); Taxation Laws (Amendment) Act, 1970

Reported in : [1994]210ITR299(Ker)

the judgments interpreting Section 10(22A) have considerable relevance in interpreting Section 10(22A). Section 10(22A) was inserted by the Finance Act, 1970, with effect from April 1, 1970. The Notes on Clauses of the Bill relating to the insertion of … Rs. 6,02,123. After making adjustments, the net income for income-tax purposes was shown by the assessee at Rs. 3,81,811. For the assessment year 1982-83, the profit of the assessee was Rs. 18,61,241. However, its total income for

B.S. Jayachandra Vs. Income-tax Officer and anr.

Court : Karnataka

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 2(1), 2(14), 5, 10(1), 10(2), 45, 47, 54B and 59

Reported in : (1986)54CTR(Kar)342; ILR1987KAR1088; [1986]161ITR190(KAR); [1986]161ITR190(Karn)

1981, under article 226 of the Constitution challenging the validity of section 2(14)(iii) of the Act inserted by section 3 of the Finance Act of 1970 (Central Act No. 19 of 1970) (the Finance Act), on the sole … and buildings and 35% where they relate to other assets. 30. Prior to the amendment made by the Finance Act, 1970, the definition of the term 'capital asset' in section 2(14) of the Income-tax Act, 1961, excluded from its

Bharat Textile Works and ors. Vs. Income-tax Officer Circle-iv, 3-a, ( ...

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 215 and 217(1A)

Reported in : [1978]114ITR28(Guj)

may be revised according to sub-section (2). The proviso to section 212, sub-section (3A), which added by the Finance Act, 1970, is not material for the purpose of this judgment. Section 217(1) provides for the payment of interest when … partners of the petitioners-firm including the minor are all citizen of India and have their domicile in India. 3. The petitioner No. 1 and its three partners who are petitioners Nos. 2 to 4 were required to

international Foods Vs. Collector of Central Excise

Court : Andhra Pradesh

Subject : Excise

Acts : Central Excise Act, 1944 - Sections 2, 3 and 3(2); Finance Act, 1970

Reported in : 1978(2)ELT50(AP)

he proceeds to argue that until 1970 biscuits were not considered to be excisable goods but by the Finance Act 1970, biscuits were included as item I(c) in the First Schedule to the Act, He further contends by reference … mean goods specified in the First Schedule as being subject to a duty of excise and include salt. Section 3 of the Act, is a charging section and it provides that there shall be levied and collected in

Commissioner of Income-tax Vs. Shiv Chand Satnam Paul

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 2(14) and 45; Finance Act, 1970

Reported in : (1998)145CTR(P& H)246; [1998]231ITR663(P& H)

the classes of land included in items (a) and (b) of Section 2(14)(iii) of the Act. By the Finance Act, 1970, with effect from the assessment year 1970-71, certain specified lands situate in urban areas or semi-urban areas were … Hindu undivided family . The assessment year involved is 1971-72, the previous year of which ended on March 31, 1971. The agricultural land measuring 25 kanals, 1 marla, situated within the municipal limits of Muktsar was purchased

Union of India Vs. Harbhajan Singh Dhillon

Court : Supreme Court of India

Subject : Media and CommunicationConstitution

Acts : Finance Act, 1969 - Sections 24 ; Wealth Tax Act, 1957; Constitution of India - Articles 246 and 248

Reported in : AIR1972SC1061; [1972]83ITR582(SC); (1971)2SCC779; [1972]2SCR33

1970, which was heard by a Bench of five Judges. Four Judges held that Section 24 of the Finance Act, 1969, insofar as it amended the relevant provisions of the Wealth Tax Act, 1957, was beyond the legislative … Act is defined in Section 2(q) to mean the last day of the previous year as defined in Section 3 of the Income-tax Act, if an assessment were to be made under this Act for that year. We

Commissioner, Income-tax Vs. Ashok Kumar Manibhai Patel and Co.

Court : Madhya Pradesh

Subject : Direct Taxation

Reported in : (2008)214CTR(MP)344; [2009]317ITR386(MP)

effect from April 1, 1976, while Sub-section (2B) was inserted with effect from April 1, 1970 by the Finance Act, 1970. As earlier stated, these cases relate to the period prior to April 1, 1976, from which date Explanation … in the fact and circumstances of the case, the Commissioner ignored the provisions of explanation 2 to Section 37(2A) of Income-tax Act 2. The facts which are essential to be stated are that the assessee is a