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Hindustan Wire Products Ltd. Vs. Commissioner of Income Tax, Patiala

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33, 33(1)(A), 33(1)(B), 80B(7), 80E, 80I and 80I(1); Finance Act, 1972; Finance Act, 1968

Reported in : AIR1987SC566; (1986)55CTR(SC)183; [1986]161ITR749(SC); 1986(2)SCALE160; (1986)3SCC689; [1986]3SCR478

80E and subsequently of Section 80I will apply. Section 80I, it may be noted, was deleted by the Finance Act, 1972 with effect from April 1, 1973. With effect from April 1, 1968 the expression 'priority industry' was defined … conferred by Sections 33(1)(b)(B)(i) and 80I of the Income-tax Act, 1961 for the assessment years 1968-69 to 1971-72.2. Section 33 of the Income Tax Act, 1961 provides for the grant of development rebate. Prior to April 1, 1968,

Commissioner of Income Tax Vs. Daljeet Tyres

Court : Allahabad

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32A, 32A(2), 33, 80I, 143(3) and 260A; Finance Act, 1976; Finance Act, 1972

Reported in : (2006)201CTR(All)530; [2006]287ITR344(All)

, while considering the deductions under Section 80I of the IT Act, which have since been omitted by Finance Act, 1972, w.e.f. 1st April, 1973, laid down that the broad distinction between manufacture and production is that manufacture brings … under Section 32A. The Court also considered the provisions relating to investment allowance as against the provisions of Section 33 of the IT Act, 1961 and held as under :The provisions relating to investment allowance are akin to

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 … General Clauses Act came up for consideration in K.S.V.N. and Sons v. State of Madas, A.I.R. 1959 Mad. 334. In that case, Chief Justice Rajamannar held that a notification conferring jurisdiction on the District Courts under Section

S.T.P. Limited Vs. Second Labour Court and ors.

Court : Kolkata

Subject : Labour and Industrial

Acts : Industrial Disputes Act, 1947 - Sections 9A, 18 and 33C(2); ;Payment of Gratuity Act, 1972 - Sections 7 and 8

Reported in : (2002)IILLJ594Cal

Regional Labour Commissioner, 1994 Lab I.C. 2622; Management, Binny Limited v. Deputy Commissioner of Labour, 1997-1-LLJ-1172 (Mad); Power Finance Corporation Limited v. Pramod Kumar Bhatia, ; Ashok Gangadhar Tayade and Ors. v. Maharashtra State Road Transport Corporation, … (Fifteen) days' salary (Basic plus DA) for each year of service as provided in the Payment of Gratuity Act, 1972 and ii) For the period when the salary was above Rs. 1,000/- @ 15 (Fifteen) days' salary of … scheme. After four years in 1985, the petitioners moved an application under Section 33-C(2) of the Industrial Disputes Act, 1947 before the Labour Court seeking

Trilok Chand JaIn Vs. Dagi Ram Pindi Lall and ors. Overruled

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 54; Income Tax Act, 1961 - Sections 137; General Clauses Act, 1897 - Sections 6

Reported in : ILR1985Delhi331; [1974]95ITR34(Delhi)

provisions continued to be in force till April 1, 1964, on which date, by section 32 of the Finance Act No. 5 of 1964, section 137 was omitted, and by section 33 thereof, section 138 was substituted by … the years 1964-65 to 1971-72. The Income-tax Officer, District II(XI), New Delhi, sent a letter, dated November 1, 1972, to the Court claiming that the said records relating to Mis. Dagi Ram Pindi Lall were privileged under

CochIn Company Vs. Commissioner of Income-tax

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33(1) and 33(1A); Finance Act, 1966 - Sections 2(5) and 2(7)

Reported in : [1978]114ITR822(Ker)

the export of any goods or merchandise out of India within the meaning of Section 2(5)(a)(i) of the Finance Act, 1966 (iii) Whether the Tribunal was right in holding that the assessee is not an 'industrial company' as … was allowed in full. 6. By a common order dated November 30, 1972, the Tribunal disposed of the two appeals aforementioned along with three other … forward by the asses-see for development rebate in respect of the fishing trawler is not covered either by Section 33(1A)(a) of the Act or any other provision contained in the Act. A contention had been advanced before the

income-tax Officer Vs. Prem Nagar Ashram

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1991)38ITD435(Delhi)

any activity for profit.' The words 'not involving the carrying on any activity for profit' were omitted by Finance Act, 1983 with effect from 1-4-1984. That indicates that the Legislature, in its wisdom, had considered that those words … second appeals [ITA Nos. 3450 and 3451/Del/1985] in the case of this very assessec for A.Y. 1971-72 and 1972-73 happened to come up for hearing before the Tribunal. In the course of the hearing of those appeals … the basis of the material seized, the IT authorities issued notices under Section 148 of the IT Act, 1961 (the Act) to the heirs of

K.G. Mathew Vs. Chairman-cum-managing Director, National Issurance Co. ...

Court : Chennai

Subject : Labour and Industrial

Reported in : (1976)ILLJ27Mad

for the petitioner refers to Sections 16, 19, 21, 23 and 33 of the General Insurance Business (Nationalisation) Act, 1972. Section 16 of the said Act enables the Central Government to frame one or more schemes for the more … Supreme Court has held that the Oil and Natural Gas Commission, the Life Insurance Corporation and the Industrial Finance Corporation are statutory bodies having statutory status and that they are, therefore, authorities within the meaning of Article

Appeejay Pvt. Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32A, 80J and 80J(4)

Reported in : 1994(46)ECC180,[1994]206ITR367(Cal)

claim of the assessee for treating it as an 'industrialcompany' within the meaning of Section 2(7)(c) of the Finance Act, 1978, for allowing the benefit of concessional rate of tax, it was held that blending of tea amounts … of articles and things of the Fifth Schedule for the purpose of claiming deduction of development rebate under Section 33 of the said Act. A deduction by way of development rebate shall be allowed under Section 33(1)(a) of

R.M. Enterprises, Mittal Vs. First Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

activity of any article or thing is retained and was made eligible.27. Section 80-I was omitted by the Finance Act, 1972, with effect from April 1, 1973. Again, it was reintroduced by the Finance (No. 2) Act, 1980, with … in building construction activity would be eligible to claim investment allowance under Section 32A of the Act. (e) Section 33 of the Act deals with development rebate. Item (B) of Clause (b) of Sub-section (1) of that Section