Advanced Search Results

In Re: Birla Jankalyan Trust

Court : Kolkata

Subject : Trusts and Societies

Acts : Charitable and Religious Trusts Act, 1920 - Section 7; ;Finance Act, 1970 - Section 13(2)

Reported in : AIR1971Cal290

the fact that the said trust was and is wholly for Charitable or religious purposes. 7. By the Finance Act, 1970, the provisions of Section 11 of the said Act were amended and Section 13 of the said Act

Bharat General and Textile Industries Ltd. Vs. Commissioner of Income- ...

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 35B, 35B(1), 36(1), 37, 40A(7), 43(6) and 80J; ;Income Tax Rules, 1962 - Rule 19A; ;Finance Act, 1970

Reported in : (1986)53CTR(Cal)418,[1985]153ITR747(Cal)

form was 'distribution, supply or provision outside India of such goods, services or facilities'. It was by the Finance Act, 1970, that with retrospective effect from April 1, 1968, the sub-clause was amended to the present form with the … Ajit K. Sengupta, J. 1. In this reference under Section 256(1) of the I.T. Act, 1961, at the instance of the assessee, the following questions, have been referred

State of Kerala, vs Indian Medical Association, Kerala State Branch,

Court : Kerala

Subject : Land Acquisition

a taxable supply for the purposes of the levy of tax. The amendment that was introduced through the Finance Act, 2021 was also made retroactive with effect from 01.07.2017, thereby adding to the financial woes of the petitioner.5. … said basis of non- taxability was, however, removed by an amendment of the provisions of Section 2(17)(e) and Section 7(1)(aa) read with the Explanation thereto of the Central Goods and Services Tax Act, 2017 [CGST Act] and the

Additional Director General, Directorate of GST Intelligence vs Indian ...

Court : Kerala

Subject : Land Acquisition

a taxable supply for the purposes of the levy of tax. The amendment that was introduced through the Finance Act, 2021 was also made retroactive with effect from 01.07.2017, thereby adding to the financial woes of the petitioner.5. … said basis of non- taxability was, however, removed by an amendment of the provisions of Section 2(17)(e) and Section 7(1)(aa) read with the Explanation thereto of the Central Goods and Services Tax Act, 2017 [CGST Act] and the

Indian Medical Association, Kerala State Branch, vs Union of India,

Court : Kerala

Subject : Land Acquisition

a taxable supply for the purposes of the levy of tax. The amendment that was introduced through the Finance Act, 2021 was also made retroactive with effect from 01.07.2017, thereby adding to the financial woes of the petitioner.5. … said basis of non- taxability was, however, removed by an amendment of the provisions of Section 2(17)(e) and Section 7(1)(aa) read with the Explanation thereto of the Central Goods and Services Tax Act, 2017 [CGST Act] and the

Godrej and Boyce Mfg.Co.Ltd. Mumbai. Vs. Commissioner of Income Tax,

Court : Mumbai

Subject : Income Tax

Acts : Income Tax Act, 1961 - Section 14A(1)(2)(3); Income Tax Act, 1922 - Section 8; Finance Act of 2001 - Section 14A; Finance Act 1997 - Section 10(33)

form part of the total income under the Act. Section 14A was introduced by an amendment to the Finance Act of 2001 with retrospective effect from 1 April 1962. Subsections (2) and (3) were inserted by the Finance … of the Wealth Tax Rules 1967 came up for consideration. Prior to its amendment on 1 April 1989 Section 7(1) of the Wealth Tax Act provided that subject to any rules made in this behalf, the value of

Commissioner of Wealth-tax Vs. Smt. Rani Kaniz Abid

Court : Allahabad

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2 and 7

Reported in : [1974]93ITR332(All)

of shares burdened by a restriction on their transferability. The provision under consideration was Section 7(5) of the Finance Act, 1894, which provided that:'The principal value of any property shall be estimated to be the price which, in

Addl. Commissioner of Income-tax, Mysore Vs. C.V. Bagalkoti and Sons

Court : Karnataka

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 271(1) and 297(2); Income Tax Act, 1922 - Sections 28(1)

Reported in : ILR1979KAR127; [1978]115ITR131(KAR); [1978]115ITR131(Karn); 1979(1)KarLJ34

the opinion that penalty was leviable in accordance with the provisions of the Act as amended by the Finance Act of 1968 which came into force on April 1, 1968, and levied a penalty of Rs. 6,000 by … particulars of certain income-tax derived by it during the previous year in question and, therefore, initiated proceedings under section 271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'). Since he was of the opinion … income was filed after April 1, 1968 ?' 3. In ITRC No. 73 of 1974, the assessee is S. Channaiah (since deceased) represented by his

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 … levy of tax. The income-tax Officer ascertained the total income at Rs. 7,37,969 and 51% of the gross total income was worked out at Rs.

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 … connection with the processing of any agricultural produce or in the manufacture of any article from such produce;7. Section 7(1) deals with the evaluation of the assets and provides that 'subject to any rules made in this behalf,