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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 … 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

Commissioner of Income-tax, Bombay Vs. Tiecicon P. Ltd.

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Finance Acts, 1969 and 1970 - Sections 2(6)(d), 2(6)(c)

Reported in : [1987]168ITR744a(SC); 1988Supp(1)SCC481; 1988(Supp)SCC487

in the building under consideration, it was an “industrial company” within the meaning of Section 2(6)(d) of the Finance Act, 1968 and Section 2(6)(c) of the Finance Acts, 1969 and 1970, as it could be said to have

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 … India or from any property in India, the same would be assessable. An ordinary resident as defined in Section 6, does not attract additional chargeability; but being 'not ordinarily resident' entitles a person to partial exemption from chargeability

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

Orient Longman Ltd. Vs. Commissioner of Income-tax, Delhi-ii

Court : Delhi

Subject : Direct Taxation

Acts : Finance Act, 1970 - Sections 2(6)

Reported in : [1981]130ITR477(Delhi)

assessed claimed that it was an industrial company within the meaning of s. 2 (6) (c) of the Finance Act, 1970, and was, thereforee, entitled to be assessed at a concessional rate in accordance with the said Act. The … Appellate Tribunal was justified in holding that the assessed is not an industrial company within the meaning of section 2(6) (c) of the Finance Act, 1970 ?' 2. It was submitted before us that the question referred

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

Commissioner of Income-tax Vs. Harlal Mannulal

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 271(1); Finance Act, 1964

Reported in : [1989]178ITR284(MP)

consider the import of the amendment made in Section 271 with effect from April 1, 1964, by the Finance Act, 1964, and, consequently, the conclusion reached by the Tribunal was not correct. According to learned counsel for the … to the assessment year 1964-65. Two questions were referred in that case. The second question was (at p. 68) ; 'Whether, on the facts and in the circumstances of the case, the Explanation to Section 271(1) will

income-tax Officer Vs. P. Peddaiah

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (1992)40ITD319(Hyd.)

then have reflected back into Entry 82 of List I of the Constitution (hereinafter called Constitution).(ii) By the Finance Act, 1989, a new Explanation has been inserted at the end of Section 2(1A) of the Income-tax Act, 1961 … argument on behalf of the petitioner that it is not open to Parliament which enacted Taxation Laws (Amendment) Act, 1970 (Act 42 of 1970) to define 'agricultural income' in such a way as to depart from the definition

Lachmi NaraIn and ors. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Subject : Civil

Acts : Union Territories (Laws) Act, 1950 - Sections 2; Administrative Law; Bengal Finance (Sales Tax) Act, 1941 - Sections 6(2); General Clauses Act

Reported in : AIR1976SC714; (1976)2SCC953; [1976]2SCR785; [1976]37STC267(SC)

No. SRO 615 dated April 28, 1951, extended to the then Part C State of Delhi, the Bengal Finance (Sales Tax) Act, 1941 (for short, the Bengal Act), with, inter alia, these modifications: In Sub-section (2) of … to 'pure silk'.18. By a Notification No. GSR 1038 dated July 14, 1970, notice was given that item 17 in the Second Schedule would be … (Sales Tax) Act, 1941 (for short, the Bengal Act), with, inter alia, these modifications: In Sub-section (2) of Section 6,-(a) ...(b) for the words 'add to the schedule', the words 'add to or omit or otherwise amend the

M. Ct. Muthiah and anr. Vs. Controller of Estate Duty

Court : Chennai

Subject : Property

Acts : Estate Duty Act, 1953 - Sections 2(15), 3(1), 5, 6, 15, 34(3) and 36

Reported in : [1974]44CompCas254(Mad); [1974]94ITR323(Mad)

paid in pursuance of the provisions of Section 5(1) was liable to estate duty. Section 2(1)(a) of the Finance Act, 1894 was held not applicable on the ground that the word ' passes ' in that section contemplates … 2,00,000.59. In Commissioners of Inland Revenue v. Graham decided on December 8 1970, the words ' at the time of death of the deceased ' … any way he liked till the moment of his death. The Board accordingly held that the provisions of Section 6 of the Estate Duty Act were clearly attracted.6. In the appeal, the revenue also contended that the case