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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)

in Clause (22) by different courts. Reference may be made to Circular No. 45 (see [1971] 79 ITR 33), dated September 2, 1970, which contains the explanatory notes on the provisions of the Finance Act, 1970. This … 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

Test Claimants in the Franked Investment Income Group Litigation Vs. C ...

Court : UK Supreme Court

Subject : Land Acquisition

such cases: para 260. It was not open to the Revenue to rely on section 320 of the Finance Act 2004 ("Section 320 FA 2004") or section 107 of the Finance Act 2007 ("Section 107 FA 2007") to … FA 2004 and 107 FA 2007 (issues 20 and 21); and that section 33(2A) of the Taxes Management Act 1970 ("TMA") (issue 23), which excludes relief under that section where Case V corporation tax has been paid under

Deutsche Morgan Grenfell Group Plc (Respondents) Vs. Her Majesty's Com ...

Court : House of Lords

Subject : Land Acquisition

for repayment is available. The leading examples are to be found in section 33 of the Taxes Management Act 1970 as to income tax and capital gains tax and the Finance Act 1998, Schedule 18, para 51 as … 2003, this provision no longer applies to mistakes of law in tax cases: see section 320 of the Finance Act 2004.) DMG says that it did not discover its mistake until the ECJ gave judgment (after the commencement

India Leather Corporation (P.) Ltd. Vs. Commissioner of Income-tax

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1970 - Sections 2(6); Income Tax Act, 1961 - Sections 80E, 147 and 256(1)

Reported in : (1989)77CTR(Mad)18; [1989]179ITR170(Mad)

the assessee-company was not an industrial company within the meaning of clause 2(6)(c) of Chapter II of the Finance Act, 1970 ?' 2. The assessee is a private limited company and the assessment year we are concerned with is … is the decision in the case of the assessee in T.C. No. 33 of 1975 (India Leather Corpn. (P) Ltd. (No. 3) v. CIT : … Ratnam, J.1. At the instance of the assessee under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'), the following question has been referred

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 … by the assessee) exceed the amount of advance tax demanded from him under section 210 by more than 33-1/3 per cent. of the latter amount, he shall, at any time before the date on which the last

Comptroller of Income Tax Vs. Aqq and Another

Court : Singapore Supreme Court

Subject : Land Acquisition

exception in s 33(2) also bears more than a passing resemblance to s 28 of the United Kingdom Finance Act 1960 (c 44) (UK) ("the Finance Act 1960"). 39. As noted above, it had been envisaged at the … be an important factor. 154. Section 514 was re-enacted in s 114 of the United Kingdom Taxes Management Act 1970 (c 9) (UK), which was considered by the English Court of Appeal in Craven v White [1989] 1

Hindustan Wire Products Ltd. Vs. Commissioner of Income Tax, Patiala

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33, 33(1)(A), 33(1)(B), 80B(7), 80E, 80I and 80I(1); Finance Act, 1972; Finance Act, 1968

Reported in : AIR1987SC566; (1986)55CTR(SC)183; [1986]161ITR749(SC); 1986(2)SCALE160; (1986)3SCC689; [1986]3SCR478

80E and subsequently of Section 80I will apply. Section 80I, it may be noted, was deleted by the Finance Act, 1972 with effect from April 1, 1973. With effect from April 1, 1968 the expression 'priority industry' was … the assesee, where it is installed before the 1st day of April, 1970, and(b) twenty-five per cent, of such cost, where it is installed after … conferred by Sections 33(1)(b)(B)(i) and 80I of the Income-tax Act, 1961 for the assessment years 1968-69 to 1971-72.2. Section 33 of the Income Tax Act, 1961 provides for the grant of development rebate. Prior to April 1, 1968,

Mafatlal Holdings Ltd. Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2004)85TTJ(Mum.)821

referred to p. 13 of the CIT(A)'s order and contended that Section 14A has been inserted by the Finance Act, 2001, retrospectively w.e.f. 1st April, 1962 and under that section any expenditure not only interest on earning of

The Madras Aluminium Co. Ltd. Vs. the Joint Secretary, Ministry of Fin ...

Court : Chennai

Subject : Excise

Reported in : 1979CENCUS91D

amended by the Finance Acts and for the purpose of these proceedings, the rate was prescribed by the Finance Act 19 of 1970, the rate being ad valorem 25 per cent plus special duty under Section 33 of

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 … steel furniture, electrical fittings and cooling equipments are to be treated as plant and machinery us 32(1)(ii) and Section 33 for the purpose of grant of depreciation and development rebate respectively. 2. Whether on the facts and in … assessed is engaged in the business of banking. For the assessment years 1970-71, 1971-72 disallowances were made by the assessing officer in respect of certain