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T.S. Arumugham Vs. Lakshmi Vilas Bank Ltd. and Others

Court : Chennai

Subject : Company

Reported in : [1994]80CompCas814(Mad); (1992)IILLJ210Mad

India in exercise of its powers under section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, framed a scheme wherein clause 3(b) or 3(c) are consistent with the provisions contained in article 43A of … the following matters, viz., (i) accountancy (ii) agriculture and rural economy (iii) banking (iv) co-operation (v) economics (vi) finance (vii) law (viii) small-scale industry (ix) any other matter the special knowledge of and practical experience in which

N.V. Philips Vs. Commissioner of Income-tax (No. 1)

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 9(1), 256(1) and 263; ;Finance Act, 1976; ;Patents Act, 1970; ;Indian Patents and Designs Act, 1911; ;Companies (Profits) Surtax Act, 1964 - Schedule - Rule 1

Reported in : (1987)65CTR(Cal)103,[1988]172ITR521(Cal)

assessment years involved.14. The Tribunal held that Clauses (v), (vi) and (vii) of Section 9(1) incorporated by the Finance Act, 1976, with effect from June 1, 1976, were new pieces of legislation, prospective in operation and the same … rights in the nature of patent.15. The Tribunal considered the definition of the word 'patent' in the Patents Act, 1970, and the Indian Pa tents and Designs Act, 1911, and also the provisions therein for the grant and

V. Guruviah Naidu and Sons Vs. Commissioner of Income Tax

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 35B and 35B(1); Finance Act, 1970 - Sections 8

Reported in : [1995]216ITR156(Mad)

connection therewith', which expression was not originally there, but has been retrospectively inserted by s. 8 of the Finance Act, 1970. The legislature, however, carefully divided the qualifying expressions and while retrospectively inserting 'not being expenditure incurred in India … of such goods while in transit' by clearly pronouncing 'expenditure wherever incurred'. 9. We have some help to interpretation which we are giving to the … personal expenses of the assessee) referred to in cl. (b), he shall, subject to the provisions of this section, be allowed a deduction of a sum equal to one and one third times the amount of such

Madras Aluminium Co. Ltd. and anr. Vs. Union of India (Uoi)

Court : Chennai

Subject : Excise

Acts : Indian Tariff Act, 1934 - Sections 2A; Central Excise Act, 1944 - Sections 3(1) and 26B(2); Finance Act, 1969 - Sections 30; Indian Contract Act - Sections 72; Limitation Act, 1908 - Schedule - Article 96; Customs Act - Sections 27; Finance Act, 1970 - Sections 32; Orissa Sales tax (Amendment) Act, 1958 - Sections 9B, 9B(32) and 14A; Constitution of India - Articles 19(1), 19(6), 226, 265 and 301; Central Excise Rules - Rules 9, 10, 11, 27 and 173J

Reported in : 1990LC607(Madras); 1980CENCUS50D; 1981(8)ELT478(Mad)

(aa) in item 27 of the First Schedule to the Central Excises and Salt Act, 1944 by the Finance Act of 1969.8. By show cause notice dated 14-9-1974, the Assistant Collector of Central Excise called upon Malco to … High Court of Gujarat by its judgment dated 18-3-1972 in Special Civil Appln. Nos. 909 to 911 of 1970 (Prem Conductors Pvt. Ltd. v. Asstt. Collector of Customs) held that 'in respect of electrolytic aluminium rods other … is fed into a series of rollers having reducing diameter. The cross section of the emerging rod is now approximately circular and the diameter is

Commissioners for Her Majesty's Revenue and Customs (Appellant) Vs. To ...

Court : UK Supreme Court

Subject : MRTP

That section, as further amended by the Finance Acts 1995, 1996 and FA 2001, (and in contrast to section 9 of TMA 1970, which applies to a personal return or a trustee's return) does not actually include the … as "the most fundamental reform of personal tax administration for 50 years"). The changes were introduced by the Finance Act 1994 ("FA 1994") and took effect, for income tax and capital gains tax purposes, in 1996-97. Further amendments … procedure in charging income tax, capital gains tax and corporation tax are regulated largely by the Taxes Management Act 1970 ("TMA 1970") and regulations made under TMA 1970. Major amendments were made to TMA 1970 in order to

Commissioner of Income-tax Vs. Biswanath Tea Co. Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 30 to 36, 37 and 37(4)

Reported in : (2003)185CTR(Cal)488,[2003]264ITR166(Cal)

CIT : [1991]191ITR518(Cal) , wherein this court had similarly observed that Section 37(4) had been inserted by the Finance Act, 1970, for disallowance altogether of expenditure incurred after February 28, 1970, on the maintenance of guest-houses other than 'holiday … As will appear from the statement of the case, the Assessing Officer had disallowed a sum of Rs. 9,96,677 on account of guest-house maintenance under Section 37(4) of the Income-tax Act, 1961. Aggrieved thereby, the assessee preferred

Canara Bank and ors. Vs. State of Kerala and ors.

Court : Kerala

Subject : Other TaxesConstitution

Acts : Kerala Municipalities Act, 1961 - Sections 2, 133, 133(1) and 279; Travancore Distirct Municipalities Act, 1116 - Sections 3(8) and 91; Travancore Distirct Municipalities Rules - Rule 16 and 16(1); Constitution of India - Article 276(2); General Clauses Act, 1897 - Sections 6; Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 - Sections 2, 2(10) and 10

Reported in : AIR1982Ker1

49) by the proviso to Rule 19 (1) of the Taxation and Finance Rules in Schedule II to the Kerala Municipalities Act, 1960 (hereinafter the … the assessees herein are corresponding new banks as defined in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the remaining one is a trust. They raise the following questions for consideration in these cases :-- … in accordance with (constituted by) the Central Government in consultation with the Reserve Bank (Sub-section (2) (b) of Section 9). However, these directors, appointed or constituted, as the case may be, do not (to borrow the language of

Commissioner of Income-tax Vs. Drapco Electric Corporation

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 143, 144, 147, 271(1) and 277; General Clauses Act - Sections 3(22)

Reported in : [1980]122ITR341(Guj)

as the correct income.' 8. Then, there is the Explanation to Section 271(1)(c), which was introduced by the Finance Act, 1964, which at the material time read as follows:'Explanation.--Where the total income returned by any person is less … in the context of Rule 3, Schedule 3 of the Citizenship Rules, 1956, which were enacted under Section 9(2) of the Citizenship Act, 1955. Section 9(2) of the said Act empowered the competent authority to enact rules

Uco Bank Vs. Saumyendra Roy Choudhury and Ors.

Court : Supreme Court of India

Subject : Education

bank.6. We have been shown a letter dated 3rd September, 2013, written by the Under Secretary, Ministry of Finance, Department of Financial Services, to the appellant-bank. This letter is set out by us hereinbelow: “ As you … Directors nominated under a Statutory Scheme under Section 9(3) of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970. It was further held that the RBI Guidelines dated 1st November, 2007, issued pursuant to the Statutory Power

Larson and Tubro Ltd. Vs. Commissioner of Commercial Tax and anr.

Court : Patna

Subject : Sales Tax

tippers and trucks. The petitioner had been granted a certificate in terms of Section 13(1)(b)(ii) of the Bihar Finance Act, 1981. Subsequently, it filed a petition for amendment of the said certificate by adding cranes, tippers and trucks … contract expediently is not denied by the learned Advocate General.7. Learned Advocate General also pointed out that expect 1970) 26 S.T.C., 30. (Tata Iron and Steel Co. Limited v. The State of Bihar and Ors. ) a … Central Act, I am of the opinion that Items No. 7, 8, 9 and 10 ought to have been also included in the certificate of