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Assistant Commissioner of Income Vs. Visharad Automobiles Financiers

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2007)108ITD294(Delhi)

1972.18.1 The said argument made on behalf of the assessee, we find, is correct. This is so, because Section 31 of the Hire Purchase Act, 1972 provides that it shall not apply in relation to any hire purchase … this regard. This is so because of the existence of a special enactment, known as the Hire Purchase Act, 1972. This, as per the learned Counsel for the assessee, is the Act/enactment governing the agreements under consideration.These agreements … the hirer is by way of securing the interest on the amount financed. 4. In the facts and circumstances of the case, the learned CIT(A),

Bangalore Turf Club Limited Vs. Union of India

Court : Karnataka

Subject : Education

contentions raised by Sri S S Naganand for petitioners and contends that for the first time by 27 Finance Act, 1972 the definition of ‘income’, in Section 2(24) of the Act was amended to include winnings from lotteries, crossword … the provisions of Income Tax Act, 1961. (2) Quash notices for the years 2006-07, 2007-08, 2008-09, 2009-10 upto 31.12.2009 (3rd quarter) as being barred by limitation (Annexures-B, B1, B2, B3). (3) Declare that the Circulars issued by

Bangalore Turf Club Ltd. Vs. Union of India

Court : Karnataka

Subject : Direct Taxation

the contentions raised by Sri S S Naganand for petitioners and contends that for the first time by Finance Act, 1972 the definition of 'income', in Section 2(24) of the Act was amended to include winnings from lotteries, crossword … the provisions of Income Tax Act, 1961. (2) Quash notices for the years 2006-07, 2007-08, 2008-09, 2009-10 upto 31.12.2009 (3rd quarter) as being barred by limitation (Annexures-B, B1, B2, B3). (3) Declare that the Circulars issued by

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 … of 1965 continued to 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

Chartered Accountants' Association and Gujarat Institute of Civil Engi ...

Court : Gujarat

Subject : Service Tax

Acts : Constitution of India - Articles 14, 19(1), 226, 246, 248, 276, 276(2) and 276(3); Finance Act, 1994 - Sections 3, 65, 65(1), 65(5), 65(13), 65(16), 65(31), 65(48), 66, 67 and 68; Finance Act, 1998 - Sections 116; Finance Act, 1997 - Sections 88; Architects Act, 1972 - Sections 23; Chartered Accountants Act, 1949; Bombay Shops and Establishments Act; Madras Shops and Establishments Act; Punjab Municipal Act; Bombay Municipal Boroughs Act, 1925; Punjab Professions, Trades, Callings and Employment Taxation Act, 1956; Panchayat Samitis and Zilla Parishad Act, 1961; West Bengal Panchayat Act; Government of Indian Act, 1935 - Sections 100; Cantonments Act; Bombay Municipal Boroughs Act; Expenditure-tax Act, 1987

Reported in : 2001(74)ECC51; 2005(179)ELT129(Guj); (2001)4GLR3630; 2006[2]STR300; [2007]7STT29

the Gujarat Institute of Civil Engineers and Architects have challenged the constitutional validity of Section 88 of the Finance Act, 1997, and Section 116 of the Finance (No. 2) Act, 1998, levying service tax on consulting engineers and … is, for the time being, entered in the register of architects maintained under Section 23 of the Architects Act, 1972 (20 of 1972), and also includes any commercial concern engaged in any manner, whether directly or indirectly, in … the appeals were dismissed. Second-appeals were carried to the Punjab High Court. 31. It was in the context of the controversy raised by the plaintiffs

Commissioner of Income Tax Vs. A.U. Chandrasekharan and ors.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24) and (31), 3, 56(2) and139(2); Finance Amemdment Act, 1972 - Sections 2

Reported in : 1997(1)CTC597; [1998]229ITR406(Mad)

of the expression 'income' in cl. (24) of s. 2 of the Act has been amended by the Finance Act, 1972, w.e.f. 1st April, 1972. Sub-cl. (ix) has been added to the definition. After this amendment, the expression 'income' … two or more persons join in a common purpose or common action, and as the words occur in section, which imposes a tax on income, the association must be one, the object of which is to produce

Wealth-Tax Officer Vs. Trustees Of Heh the Nizam'S

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Land Acquisition

Reported in : (1990)35ITD402(Hyd.)

by itself was an uncertainty.50. Physical possession of certain most valuable items of jewellery is still with the Finance Secretary, Union of India. The trustees have been securing permission from the Hon'ble Supreme Court even for inspecting … of "Antiquities" and not from the point of view of "Art Treasure" under the Antiquities and Art Treasure Act, 1972. (iv) The Director General of Archeological Survey of India had appointed expert committees from time to time for … constitute several trusts by a single document (ii) Applicability of provisions of Section 21(1A) of the Wealth-tax Act, 1957 (hereinafter called the Act). Prince Mauzzam … Wealth-tax Officer had fixed the value of the Principal fund at Rs. 31.56 crores as on 31-3-1980. The basis for fixing this value was the

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 … taken on tower, shelter, prefabricated building and other for the period in dispute:-YearsTowerShelterOthersTotal2004-05174368801478938Chair - 298,738Printer - 1,224,53720,439,1002005-0644142943 441429432006-071591920315384719 313039222007-082658803428174029 54762063Total104087060450376861523282150648028 16. Mr. Sridharan, learned Senior Counsel on behalf of the Appellant has made the following submission in

A.S. Gahlout and ors. Vs. Lt. Governor of Delhi and ors.

Court : Delhi

Subject : Trusts and Societies

Acts : Delhi Co-operative Societies Act, 1972 - Sections 2(1), 28, 29, 31, 31(7), 32 and 32(7); Delhi Cooperative Societies Rules, 1973 - Rule 58A; Representation of People Act; Constitution of India - Article 226

Reported in : AIR1994Delhi69; 53(1994)DLT201

for the purpose of Section 31 of the Act and the Bank falls in that class being a financing bank. Section 31 .of the Act contains provisions regarding election and nomination of members of committees of this … by the Lt. Governor of Delhi in exercise his powers under section 31(7) of the Delhi Cooperative Societies Act, 1972 (hereinafter referred to as the Act). (2) The Delhi State Cooperative Bank Limited is a 'financing bank' within

K.M. Corporation Represented by M. Nagarajan, Partner and M. Shanmugam ...

Court : Chennai

Subject : Sales Tax

Acts : Tamil Nadu General Sales Tax (4th Amendment) Act, 1999; Haryana Ceiling of Land Holdings Act, 1972 - Sections 4, 18(1), 18(7), 24, 31, 31(3) and 45; Bombay Municipal Corporation Act, 1888 - Sections 217, 406 and 406(2); Calcutta Municipal Act, 1951 - Sections 182, 183 and 183(3A); Delhi Municipal Corporation Act, 1957 - Sections 124, 126, 169 and 170; Bihar Finance Act - Sections 45 and 45(3); Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), 2002 - Sections 17 and 17(2); Tamil Nadu General Sales Tax Act, 1959 - Sections 12, 31, 31(1), 31A, 31A(1), 31A(3), 32, 32(1) and 36; Land Acquisition Act, 1896 - Sections 23A; Tamil Nadu Land Acquisition (Amendment) Act, 1996; Tamil Nadu Acquisition of Land for Harijan Welfare Schemes Act, 1978

Reported in : (2008)11VST782(Mad)

The Patna High Court had an occasion to consider a pari materia provision, Section 45(3) of the Bihar Finance Act, which provides for deposit of 20% of the assessed tax before admission of appeal in the case of … Supreme Court in the case of Nandlal cited supra considered similar provision of Haryana Ceiling of Land Holdings Act, 1972 (Act 26 of 1972). Section 18(7) of the Act was challenged as unconstitutional on the ground that the … 'provided further no appeal filed by any person objecting to an order passed (a) under Sub-section (3) of Section 31, shall be entertained unless it is accompanied by satisfactory proof for payment of the tax as ordered by