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Madurai District Central Co-operative Bank Ltd. Vs. Third Income-tax O ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 81 and 110; Finance Act, 1963 - Sections 2(1), 2(3), 2(5) and 2(8)

Reported in : [1975]101ITR24(SC); (1975)2SCC454; AIR 1975 SC 2016

rate the income was taken at Rs. 9,48,335 in view of Section 110 of the Act. Applying the Finance Act, 1963 (XIII of 1963), the respondent computed the residual income of the appellant at Rs. 5,39,386 and levied … of taxation but also making extensive and important modifications in the Income-tax Act itself. By Sections 4 to 20 of the Act of 1963, various provisions of the Income-tax Act have been amended. By these amendments, some

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 … verification of documents and records relating to Cenvat credit on account of capital goods for the period October, 2004 to September, 2005, it was observed that the credit availed by the appellant was not in accordance with

Madura Coats Ltd. Vs. Assistant Collector of Central Excise and ors.

Court : Chennai

Subject : Excise

Acts : General Clauses Act, 1897 - Sections 6 and 24; Companies Act, 1913 - Sections 3; Mines Act, 1923 - Sections 29; Mines (Amendment) Act, 1952 - Sections 57 and 58; Companies Act, 1956 - Sections 10 and 75; Finance Act, 1972 - Sections 64; Arms Act, 1878 - Sections 15

Reported in : 1979CENCUS17D; 1978(2)ELT511(Mad)

of the powers conferred by Rule 8(1) of the Central Excise Rules, 1944.2. By Section. 64(c) of the Finance Act 1972, the Central Excise item No. 18 was amended and a new Tariff item No. 18-E was introduced. Varieties … be in force :-Gate Pass Number Blend Blend Total Kgsand date 67/35 50/50Kgs Kgs.116 31.5.1972 4.8 - 4.8206 20.7.1672 417.0 156.0 573.0215 23.7.2972 99.6 ... 99.6521.4 156.0 677.45. Against the said order, the petitioner preferred an appeal

Union of India (Uoi) and anr. Vs. Azadi Bachao Andolan and anr.

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 4, 5, 6, 7, 10(1), 44, 51, 73, 90, 115A, 116, 119, 119(1), 119(2), 245O, 245S and 245R; Companies (Profits) Surtax Act, 1964; Evidence Act; Income Tax Act, 1922 - Sections 49A; Finance Act, 1972; Finance Act, 1991 - 90(1) and 90(2); Constitution of India - Articles 1, 2(2), 3, 4, 4.1, 4(3), 10, 11, 12, 13, 13(4), 14, 15, 16, 17, 18, 18(2), 20, 21, 22, 25, 28, 31B, 73 and 265; Central Excise Act, 1944 - Sections 5A; Central Sales Tax Act, 1956 - Sections 8(5); Customs Act - Sections 25; Economic Crime and Anti Money Laundering Act, 2000; Companies Act, 1984; Stock Exchange Act, 1988; Income Tax Law; Income and Corporation Taxes Act, 1970 - Sections 460; Wealth Tax Act - Sections 21(2)

Reported in : (2004)1CompLJ50(SC); (2003)184CTR(SC)450; [2003]263ITR707(SC); JT2003(Suppl2)SC205; 2003(8)SCALE287; (2004)10SCC1

1961 was introduced, Section 90 contained therein initially was a reproduction of Section 49A of 1922 Act. The Finance Act, 1972 (Act 16 of 1972) modified Section 90 and brought it into force with effect from 1.4.1972. The object … Artists and Athletes in Article 17, Governmental Functions in Article 18, income of students and Apprentices in Article 20, income of Professors, Teachers and Research Scholars in Article 21, and other income in Article 22.7. Article 13

Shaha Perajchand Nowpaji Vs. Commissioner of Gift-tax

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Gift-tax Act, 1958 - Sections 4, 4(2), 5(1) and 26(1); Income Tax Act, 1961 - Sections 64(2); Wealth Tax Act, 1957 - Sections 4(2)

Reported in : [1988]173ITR439(AP)

is 1973-74 for which the relevant previous year commenced from October 20, 1971, and ended on November 5, 1972. The assessee was a partner in a partnership firm in his individual capacity. It appears that a sum … it earns exemption under s. 5(1)(viii). NOTE- Section 5(1)(viii) has been omitted with effect from 1-4-1987 by the Finance Act. The related exemption is not therefore available during assessment year 1989-90. - - The proposition is too well-settled.

B.K. Dastur and anr. Vs. N. Rajaram and anr.

Court : Chennai

Subject : LimitationCivil

Reported in : (1987)1MLJ398

December, 1972. In such a case, it is Section 19 of the present Limitation Act, corresponding to old Section 20, alone would apply. The categoric ruling on this point is found in Shyam Ballar Nandi v. Dolo Gobind … executed by the first defendant (N. Bhala Rao) and one Clubwallah. Both of them were partners of Ramjal Finance Corporation. They had borrowed a sum of Rs. 20,000 agreeing to pay interest at 12 per cent per

Bethuadahari Regulated Market Committee Vs. Tapan Kumar Saha and Other ...

Court : Kolkata

Subject : Civil

Acts : West Bengal Agricultural Produce Marketing (Regulation) Act, 1972 - Sections 4(3), 5, 13(1), 16(2), 17, 17(1), 18, 18(1), 19 and 20;; Bengal Finance (Sales Tax) Act, 1941;; Bombay Public Trsuts Act, 1950;; Punjab Agricultural Markets Act

Reported in : AIR1991Cal371,95CWN550

sold in the market area, the relevant part whereof is as follows:'17(1) Notwithslanding anything contained in the Bengal Finance (Sales Tax) Act, 1941 or any other law relating to taxation of agricultural produce in force, the market … the provisions of the West Bengal Agricultural Produce Marketing (Regulation) Act of 1972 (hereinafter referred to as 'the Act').2. It is the case of the … said fund'. The expression 'all moneys received' shall also include the market fee, collected by the Market Committee.19. Section 20 of the present Act enumerates some of the heads over which the Market Committee can spend its fund.

Garg and Company Vs. Commissioner of Income-tax

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 139

Reported in : ILR1974Delhi415; [1974]97ITR639(Delhi)

are afraid, we cannot fill up. We are fortified in this view by the subsequent amendment effected by Finance Act, 1972, by which the lacuna has been filled up by substituting old sub-section (8), by a new subsection (8) … assessable exceeds the maximum amount which is not chargeable to inconic-tax, shall furnish a return of his income xx xx xx during the previous year, m the prescribed form xx xx xx (A)in the case of every

Nb Jaffar Ali Khan Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Land Acquisition

Reported in : (2003)87ITD359(Hyd.)

reference for the Arbitrators be: (a) the Arbitrators shall have regard to the principles and factors prescribed under Section 20 of the Antiquities and 'art treasures' Act, 1972, in the matter of determination of price/compensation for the items … estimate of the Valuation Officer.21.2 Rule 18 of Schedule-III to the Wealth-tax Act, before its substitution by the Finance Act, 1990, with effect from 1-4-1990 read as under:- (a) where the value declared by the assessee in the … 10 of 1993 in writ petition No. 1429 of 1979 reported at 1994 (4) SCALE 566.8. The Antiquities Act, 1972 came into force after the above mentioned memorial was submitted by the Trustees to the then Prime Minister.Pursuant

Kerala State Insurance Department Vs. Union of India

Court : Kerala

Subject : Land Acquisition

Reported in : 2012(2)KLT941; 2012(2)KHC683

the obligation as above and hence there is no 'taxable service', as contemplated under Section 65(12) of the Finance Act , 1994 to be mulcted with any liability. Still, the petitioner had submitted an application for registration and … Corporation Act, 1956 (LIC Act in short) and 'exemption' under Section 36(1)(a) of the General Insurance Business (Nationalisation) Act, 1972. 2. The parties and proceedings are referred to, as arrayed in W.P.(C)No.15892 OF 2008, treating the same as … The parties and proceedings are referred to, as arrayed in W.P.(C)No.15892 OF 2008, treating the same as the lead case. The case of the petitioner/State