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Commissioner of Income Tax Vs. Bhavnagar Bone and Fertiliser Co. Ltd.

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 28 and 260(1); Finance Act, 1971 - Sections 2(6)

Reported in : (1987)59CTR(Guj)116; [1987]166ITR316(Guj)

28 (iv), 256 (1) and 260 (1) of Income Tax Act, 1961 and Section 2 (6) (C) of Finance Act, 1971 - whether Tribunal right in holding that assessee was 'industrial company' within meaning of Section 2 (6) (C)

Commissioner of Wealth-tax, Orissa, Bhubaneswar Vs. Smt. Binapani Chak ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Wealth-tax Act, 1957 - Sections 5(1) and 27(1); Finance Act, 1971

Reported in : AIR1995SC1380; (1995)125CTR(SC)119; [1995]214ITR721(SC); JT1995(3)SC506; 1995(2)SCALE496; 1995Supp(2)SCC262

with costs. Direct Taxation - ornaments - Sections 5 (1) and 27 (1) of Wealth-tax Act, 1957 and Finance Act, 1971 - whether word 'jewellery' in Section 5 (1) (viii) prior to amendment of Section and of Explanation by

The Andhra Pradesh Federation of Chit Funds, a Public Society Rep. by ...

Court : Andhra Pradesh

Subject : Service TaxBanking

Acts : Constitution of India - Articles 14, 19(1), 226 and 265; Finance Act, 1994 - Sections 6, 65, 65(12) and 65(105); Andhra Pradesh Chit Funds Act, 1971; Finance (Amendment) Act, 2007 - Sections 65; Chit Funds (Amendment) Act, 1982 - Sections 2; Reserve Bank of India Act, 1934 - Sections 41(I) and 45I; Andhra Pradesh Chit Funds Rules

Reported in : (2008)220CTR(AP)28; (2008)17VST128(AP)

14, 19(1)(g) and 265 of the Constitution of India and Section 65(12) read with Section 65(105)(zm) of the Finance Act, 1994 and to set aside the same. The case of the petitioners is that they are doing business … in chit funds, the transactions of which are clearly covered by the provisions of the A.P. Chit Funds Act, 1971 and the Rules made thereunder. According to them, very nature of transaction stands quite apart. In support, the

Padmavati Jaykrishna Vs. Commissioner of Wealth-tax, Gujarat Iii

Court : Gujarat

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 5(1), 29, 32, 35 and 35(1); Finance Act, 1971 - Sections 32

Reported in : [1976]105ITR115(Guj)

instant case, it was urged on behalf of the revenue that, by the Finance (No. 2) Act of 1971, section 5(1)(viii) of the Wealth-tax Act was amended with effect from April 1, 1963, so as to remove the

Commissioner of Wealth-tax Vs. Suresh Mohan Thakur

Court : Patna

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 5(1); Finance Act, 1971;

the opinion of this court, which have been reproduced earlier.5. Before its amendment by the Finance (No. 2) Act, 1971, Section 5(1)(viii) of the Wealth-tax Act, 1957, read as under : '5. Subject to the provisions of Sub-section (1A),

Commissioner of Wealth-tax, Gujarat I Vs. Jayantilal Amratlal

Court : Gujarat

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 5(1); Finance Act, 1971

Reported in : [1976]102ITR105(Guj)

Direct Taxation - jewellery of Hindu undivided family - Section 5 (1) of Wealth Tax Act, 1957 and Finance Act, 1971 - Act of 1971 clearly provides that jewellery is liable to tax from 01.04.1963 with retrospective effect -

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)

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 … of the said paragraph 20 (as it stood immediately before the commencement of the North Eastern Areas (Reorganization) Act, 1971 (18 of 1971) 85 any income which accrues or arises to him(a) from any source in the (area, … the inter-predation and constitutional validity of Sub-clause (a) of Clause (26) of Section 10 of the Income-tax Act, 1961 (for short, called the 1961 Act). … inter-predation and constitutional validity of Sub-clause (a) of Clause (26) of Section 10 of the Income-tax Act, 1961 (for short, called the 1961 Act). The

Commissioner of Wealth-tax, Delhi-1 Vs. Mrs. R.B. Patel

Court : Delhi

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 27(1); Finance Act, 1971

Reported in : (2000)164CTR(Del)107; [2000]246ITR341(Delhi)

that the value of the jewellery was not included in the net wealth - Although, amendment by the Finance Act, 1971 to Section 5(1)(viii) of the said Act had made the jewelry liable to the wealth tax - Hence,

Commissioner of Income-tax Vs. Smt. Indramani Devi Singhania

Court : Allahabad

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 24(1)

Reported in : (1991)95CTR(All)26; [1991]189ITR124(All)

of Section 24 of the Act. The assessment years concerned herein are 1969-70, 1970-71 and 1971-72. By the Finance Act, 1968, Clause (iii) of Sub-section (1) of Section 24 of the Act was deleted and certain words were

Commissioner of Wealth Tax Vs. Rasesh N. Mafatlal

Court : Mumbai

Subject : Direct Taxation

Acts : Gift Tax Act, 1958 - Sections 5; Wealth Tax Act, 1957 - Sections 4, 4(1), 4(1)(a), 4(1)(a)(i), 5, 5(1), 5(1)(viii) and 27(1)

Reported in : (1980)18CTR(Bom)334; [1980]126ITR173(Bom)

proviso was inserted by the W.T.(Amend.) Act, 1964. There was a further amendment in the proviso by the Finance Act, 1971. The amendments were that for the words, figures and letters' after the March, 31, 1964, the words figures … articles intended for the household use of the assessee ? (2) Whether the benefit of the proviso to section 4(1)(a) of the Act is restricted to those gifts, which have been made in the previous year relevant