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Commissioner of Income Tax Vs. Rashmi Kamdar

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 2(24), 3, 3(1), (3), 4, 10(3), 14, 28, 56(1), 59, 139 and 263; Wealth Tax Act, 1957 - Sections 2 and 3(2)

Reported in : (1996)131CTR(Mad)277; [1996]217ITR559(Mad)

of s. 59 of the Act and stated as follows : 'The effect of s. 59 of the Finance Act, 1972, is that notwithstanding the amendments to the definition of income in s. 2(24) and the amendment to s. … ended on 30th June, 1972. While submitting the return, showing a net income of Rs. 1,600 only in Part III thereof, he included the above sum of Rs. 42,383 as income from race winnings, viz., jackpot on

Shantaben Chinubhai (Guardian of Minor, Upendra Chinubhai) Vs. Commiss ...

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act 1961 - Sections 80HH, 104 and 263; Wealth Tax Act 1957 - Sections 5, 5(1) and 45

Reported in : (1992)103CTR(Guj)185; [1992]196ITR44(Guj)

'industrial company' as defined in section 2(6) (c) of the Finance Act (No. 2) Act, 1971, and the Finance Act, 1972. The Division Bench of the Delhi High Court, negativing the claim of the assessee, held that the assessee-company … R.C. Mankad, J.1. The assessee was a partner in two partnership firms ('firms' for short) running in the name and style of Messrs. United Builders and

income-tax Officer Vs. Manav Hitkari Trust.

Court : Delhi

Subject : Direct Taxation

Reported in : [1987]20ITD42(Delhi)

of a charitable trust is always under section 139(4A) as per amendment of the said section by the Finance Act, 1972 with effect from 1-4-1973 and such return is to be treated as under section 139(1). The learned advocates … derived from property held under trust or other legal obligation wholly for charitable or religious purposes or in part only for such purposes, or of income being voluntary contributions referred to in sub-clause (iia) of clause (24) … AAC, Range T, New Delhi, for which the assessment was made on 20-11-1985 under section 143(3) of the Income-tax Act, 1961 (the Act).2. A return

Muthoot Leasing and Finance Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2003)84ITD477(Coch.)

per cent. In relation to scheduled banks, the tax operation was suspended after 28th Feb., 1978, by the Finance Act, 1978. "Subsequently, the scope of the Interest-tax Act was extended to selected public financial institutions also. Operation of … No. 760, dt. 13th Jan., 1998, and Sections 2(c), 2(e), 2(f), 7(b) and 8 of the Hire Purchase Act, 1972.8. The learned CIT(A) noticed that the assessee, in fact, first received the application from the applicant for advance … each transaction should be treated on merits considering the intention of the parties which manifests itself in the mode of fixation of the initial payment,

Vijay Krishan vs.the State Trading Corporation & Ors

Court : Delhi

Subject : Land Acquisition

State Trading Corporation of India Limited, New Delhi failed to ensure proper examination of the business proposal from finance angle of the STC Metal Scrap Division for grant of financial assistance of Rs.150 crore to M/s Metro … to the following: (i) Deduction of 100% gratuity was contrary to Section 4(6) of the Payment of Gratuity Act, 1972 (hereinafter referred to as “the Act”) under which termination of employment was the sine qua non for passing … items of plant & machinery of two valuation reports arranged by applicant party while approving the proposal dated 28.04.2005 initiated by Metal Scrap Division for … THE HIGH COURT OF DELHI AT NEW DELHI Reserved on:5. h September, 2018 Pronounced on:4. h October, 2018 ........ Petitioner Through: Mr. V.P. Singh, Adv.

Manubhai A. Sheth and Others Vs. N.D. Nirgudkar, 2nd Income-tax Office ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(14)

Reported in : (1981)22CTR(Bom)41; [1981]128ITR87(Bom); [1980]4TAXMAN381(Bom)

in India.'15. Sub-clause (ii) of cl. (14) of s. 2 was substituted by a new sub-clause by the Finance Act, 1972. Sub-clause (iii) was substituted with effect from April 1, 1970, by the Finance Act, 1970, by a new … group of petitions by a common judgment.3. In order to understand the nature of the controversy between the parties it is necessary to see the legislative history of the tax on agricultural income and on capital gains.

M/s. Bharti Airtel Ltd. Vs. The Commissioner of Central Excise

Court : Mumbai

Subject : Service Tax

amount of Rs.2,04,39,093/- under provisions of Rule 14 of the Credit Rules read with Section 73 of the Finance Act,1994. In respect of towers and parts thereof, prefabricated building, printers and office chairs, the Commissioner observed that the … correct and justified in holding that the Appellant was not entitled to credit of duty paid on tower parts, green shelter, printers and office chairs ? 2. Whether in the facts and circumstances of the case, the

Petroleum India International Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2000)241ITR43(Mum.)

incorporated mainly to encourage earning of the foreign exchange, inviting our attention to the relevant notes to the Finance Act, 1967, the learned counsel contended that s. 85C granted the deduction till asst. yr. 1972-73 when s. 80-O … received by the assessee by way of fees for technical and consultancy services rendered by it to the parties abroad ?" 2. The relevant facts, in this case, are that the appellant is an AOP and consists

State of West Bengal and ors. Vs. A.S. Narayana

Court : Kolkata

Subject : Sales Tax

Reported in : [1977]40STC404(Cal)

Matched in: Advocate Gouri Mitter, Adv.-General, ;Ganendra N. Roy and ;Pradipta Roy, Advs. in Appeal from Original Order No. 726 of 1973, ;D.K. Dey, Adv. in Appeal from Original Order No. 109 of 1972 Arun Prakash Chatterjee and ;Samar Kumar Datta, Advs. in Appeal from Original Order No. 726 of 1973 and ;Ganendra N. Roy, Adv. in Appeal from Original Order No. 109 of 1972

India Jute Co. Ltd. Vs. Assistant Collector of Central Excise and ors.

Court : Kolkata

Subject : ExciseLimitation

Acts : Central Excises Act, 1944 - Section 11B; ;Limitation Act; ;Central Excise Rules - Rules 9(1), 9(2), 56A, 56A(2), 56A(3), 96V, 96W, 173, 173G and 173K; ;Central Excise (Ninth Amendment) Rules, 1973;

Reported in : 1988(34)ELT452(Cal)

staple fibre in the manufacture of yarn in ad-mixture with cotton.(i) By Finance Bill 1972, which subsequently became Finance Act, 1972, certain changes in the tariff description of goods as appearing in the said First Schedule in respect of … a factory for the purpose of manufacture of finished products. In the accounts maintained in Form R.G. 23 part I and part II the petitioner has credited from time to time amounts of excise duty already paid … of manufacture of finished products. In the accounts maintained in Form R.G. 23 part I and part II the petitioner has credited from time to