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Mahender Kumar Aggarwal Vs. Commissioner of Income Tax

Court : Allahabad

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80HHA, 80HHA(8), 80I, 80I(1), 80I(2), 80J and 256(1); Finance Act, 1970 - Sections 2(6); Wealth Tax Act, 1957 - Sections 5(1); Industries (Development and Regulation) Act

Reported in : (2005)196CTR(All)39; [2005]277ITR71(All)

publication, purchase and sale of books was an industrial company within the meaning of Section 2(6)(c) of the Finance Act, 1970, which defines the industrial company as follows : 'The industrial company means a company which is mainly engaged … trade requirements of goods from others on jobwork basis was an industrial undertaking within the meaning of Section 5(1)(xxxii) of the WT Act, 1957, or not. Taking into consideration the Explanation appended to Clause (xxi) which defines

The Century Spinning Mfg. Co. and ors. Vs. State of West Bengal and or ...

Court : Kolkata

Subject : Sales Tax

Reported in : [1989]73STC277(Cal)

Bihar reported in AIR 1983 SC 1019, facts were that Sub-section (1) of Section 5 of the Bihar Finance Act provided for the levy of surcharge on every dealer whose gross turnover during a year exceeded Rs. 5 … AIR 1974 SC 2272, while posing a challenge to the validity of the Tamil Nadu Additional Sales Tax Act, 1970, it was contended that Legislature of Tamil Nadu had no power to enact the Act as the tax

Commissioner of Wealth-tax Vs. 1. Smt. Vidyawati Devi Rathi 2. Smt. Pr ...

Court : Rajasthan

Subject : Direct Taxation

Reported in : (1986)57CTR(Raj)107; [1986]160ITR887(Raj)

the assessee, subject to a maximum of twenty-five thousand rupees in value.'This clause(xv) was subsequently deleted by the Finance Act, 1963. In CWT v. Arundhati Balkrishna : [1970]77ITR505(SC) , their Lordships of the Supreme Court, while considering the … 1963, after the words articles intended for personal and household use of the assessee in clause (viii) to section 5(1) of the Wealth-tax Act, 1957, did not include ornaments made of gold, silver, platinum or any precious or

Anuj (Toffee) Garg Vs. Income-tax Officer.

Court : Delhi

Subject : Direct Taxation

Reported in : (1990)37TTJ(Del)208

5 would be applicable does not automatically mean that all the provisions of the Income-tax Act and the Finance Acts would be applicable. We must remember that, under Art. 371F (k), the existing rules and regulations prior … taxable under the Income-tax Act, 1961. This claim was rejected by the AAC on the ground that under section 5, income accruing or arising, whether in India or outside, would be taxable. thereforee, this amount was correctly brought

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 … the health centre were utilised for the construction of another health centre. The court held as follows (page 543) :'It cannot be said that the health centre did not exist for philanthropic purposes, as the surplus has

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 … on this pattern.29. Section 2(45) defines total income to mean 'the total amount of income referred to in Section 5 computed in the manner laid down in this Act.'30. Section 5 makes the chargeability of income dependent upon

Iae International Aero Engines Ag Vs. United Breweries(holdings) Limit ...

Court : Karnataka

Subject : Land Acquisition

International Aero Engines AG and others Vs.United Breweries (Holdings) Limited Company Petition No.122/2012 4/244 Between: Rolls-Royce & Partners Finance Limited Having its registered office at 65 Buckingham Gate, London SWIE6T England Represented herein by its Authorised Signatory … International Aero Engines AG and others Vs.United Breweries (Holdings) Limited 8/244 Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 and having its Registered office at 11, Hemanta Basu Sarani Kolkata-700001 and having amongst others a Bangalore Branch … M/s. Mundkur Law Partners, for Creditors) This Company Petition is filed under Section 439(1)(b) **** r/w Sections 433(e), 433(f), 434 and 450 of the Companies … UB City, Level 12, UB Tower 24 Vittal Mallya Road Bangalore - 560 001. ... Respondent (By Mr. Udaya Holla, Senior Counsel for M/s. Holla

M.A. Sreenivasan Vs. Commissioner of Wealth-tax

Court : Karnataka

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2, 3, 5 and 5(1)

Reported in : (1986)51CTR(Kar)115; [1986]162ITR106(KAR); [1986]162ITR106(Karn); [1986]24TAXMAN543(Kar)

5(1)(ivb) of the Act placed on the statute book from April 1, 1970, by section 26 of the Finance Act, 1970, which was in operation for the assessment years in question. In this view also, the claim of the

Das Agencies and anr. Vs. State of Kerala

Court : Kerala

Subject : Sales Tax

Reported in : [1988]69STC44(Ker)

to as 'the Act'. They challenge Sub-section (2A) of Section 5 of the Act introduced by the Kerala Finance Act 18 of 1987.3. Subject to the exceptions mentioned in the proviso, Clause (i) of Sub-section (2A) imposes what … AIR 1974 SC 2272 related to the validity of Section 2(1) of the Tamil Nadu Additional Sales Tax Act, 1970 as per which an additional tax at the rate of 5 per cent on the tax payable by

The State of Punjab Vs. Union of India

Court : Punjab and Haryana

Subject : Constitution

Acts : Constitution of India - Articles 131, 226, 246 and 248; Wealth-tax Act, 1957 - Sections 2; Finance Act, 1969

Reported in : [1971]80ITR248(P& H)

other by a private person (C. W. 2673 of 1970), challenging the validity of Section 24 of the Finance Act, 1969, so far as the same amended relevant provision of Wealth Tax Act, 1957, and included the capital … section 3. Section 4 enumerates certain items of assets which are to be included in the 'net wealth'. Section 5 provides certain exemptions with which we are not concerned. Section 14 provides for the filing of return by