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National and Grindlays Bank Ltd. Vs. Commissioner of Wealth-tax, Bomba ...

Court : Mumbai

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2 and 45

Reported in : [1978]115ITR211(Bom)

with the language of the amended section 45 after its amendment in 1972. Section 45, as amended by Finance Act, 1972, with effect from April 1, 1972, runs thus : '45. Act not o apply in certain cases. -

Commissioner of Income-tax, Delhi-i Vs. Minocha Brothers P. Ltd.

Court : Delhi

Subject : Direct Taxation

Acts : Finance Act, 1971 - Sections 2(6); Finance Act, 1972 - Sections 2(6); Income Tax Act, 1961 - Sections 84 and 256(1); Wealth Tax Act, 1957 - Sections 45

Reported in : (1986)52CTR(Del)346; [1986]160ITR134(Delhi)

was only ancillary to the construction activity of the assessed and, hence, the concessional rate specified in the Finance Act, 1964, was not applicable in relation to super-tax. 8. In CIT v. M. R. Gopal : [1965]58ITR598(Mad) , … the Income-tax Act, 1961, to this court raising identical questions of law for the assessment years 1971-72 and 1972-73. The assessed is a private limited company engaged in the business of construction of buildings. The short point … J.1. By a common statement of case, reference has been made under section 256(1) of the Income-tax Act, 1961, to this court raising identical questions … : [1969]74ITR465(Delhi) . This was a case involving the application of section 45(d) of the Wealth-tax Act, 1957, which provided that the Act shall not

Pallonji Shapoorji and Co. (P) Vs. Deputy Commissioner of Wealth Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2006)102ITD101(Mum.)

right to occupy premises belonging to a co-operative housing society are taxable assets under Section 40 of the Finance Act, 1983 in the case of a private limited company? Assessee has filed its return of wealth on 9th … paper book p. 155, i.e., Board Circular No. 72, dt. 6th Jan., 1972, learned Counsel submitted, co-operative societies are exempted from the rigors of wealth-tax. … such were not to be included in the net wealth. This was particularly so since the provisions of Section 45(g) of the Act specifically provided that no tax shall be levied under this Act in respect of net

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 … investment, the monthly basic maintenance cost as determined by the race clubs and several other incidental expenses and 45 only after defraying the said expenses, the balance left with the horse owner is treated as net income

Jiyajeerao Cotton Mills Ltd. Vs. Income-tax Officer, c Ward and ors.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80E and 154; ;Finance Act, 1965

Reported in : [1981]130ITR710(Cal)

that soda ash is one of the items mentioned in Part III of the First Schedule to the Finance Act, 1965, and the appellant was, therefore, entitled to a special rebate of 35 per cent. on the profits … Ltd. : [1978]112ITR246(Cal) . Here a Division Bench of this court considered the effect of the I.T. (Amend.) Act, 1972, on a proceeding for rectification of a mistake initiated under Section 35 of the Indian I.T. Act, 1922, … the order of rectification would be in violation of the said sub-section. 45. There will be no order as to costs. R.M. Datta, J. 46.

Nikesh Tarachand Shah Vs. Union of India

Court : Supreme Court of India

Subject : Land Acquisition

two Parts so that the provision of monetary threshold does not apply to the offences.” 23. By the Finance Act of 2015, by Section 145, the limit of Rs.30 lakhs in Section 2(y) was raised to Rs.1 crore … with certain other offences under the Indian Penal Code and offences under the Arms Act 1959, Wildlife (Protection) Act 1972, Immoral Traffic (Prevention) Act, 1956 and the Prevention of Corruption Act, 1988. According to learned senior counsel, this … Nariman, J.1. Leave granted.2. The present writ petitions and appeals raise the question of the constitutional validity of Section 45 of the Prevention of Money Laundering Act, 2002. Section 45(1) imposes two conditions for grant of bail where

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 … whatsoever shall be chargeable to income-tax at a flat rate of 40 per cent on the gross winnings.' 45. Consequent to introduction of section 115BB, consequent amendments were effected in section 58 and Section 74A withdrawing the

Jayantilal Dharamsi and ors. Vs. Board of Trustees of Port of Bombay

Court : Mumbai

Subject : TenancyConstitution

Acts : Major Port Trusts Act, 1963 - Sections 33, 34, 49 and 52; Bombay Rents, Hotel and Lodging House Rates Control Act, 1947 - Sections 4(1); Constitution of India - Articles 14 and 19

Reported in : 1991(2)BomCR283; (1990)92BOMLR596

brief : to acquire and own property - moveable as well as immoveable, to employ personnel, to raise finance by taxes, port-fees, pilotages from the units availing of the services rendered by the BPT to raise loans … Plot No. G-2. Plot No. H-1.1948 --- 66.441955 166.69 ---1968 222.97 87.08 1972 278.71 108.051976 445.94 181.051977 515.61 208.261978 585.29 235.471979 654.97 262.681980 724.65 289.901981 … in the rent payable by the petitioners. Affairs of the BPT are regulated by the Major Port Trust Act, 1963 (MPT Act). The BPT's real estate, including structures, covers an area of about 720 hectares. The land … authority' had earned and exemption from the operation of the Act vide section 4 thereof. The report then referred to information collected in regard to … W.P. No. 90/83.1960 100.281969 173.201972 219.001976 341.011977 395.761978 450.511979 505.251980 560.011981 614.761982 2,111.364) Indian Cable Co. Ltd.

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

K.N. Sharma Vs. Chief General Manager, State Bank of India

Court : Delhi

Subject : Service

Acts : Constitution of India - Article 226

Reported in : 85(2000)DLT269; 2000(54)DRJ777

1970, a notification was issued in the Gazette of India, Ministry of Finance, by which the National Bank of Lahore Limited was amalgamated with the … of the amount which would have otherwise became due to him in terms of the Payment of Gratuity Act, 1972. 3. Of course, we are not in a position to comment on the background of the case and … amalgamation of the National Bank of Lahore Ltd. as sanctioned by the Central Government (under Sub-section (7) of Section 45 of the Banking Regulation Act, 1949 (10 of 1959). Nameof the EmployeeDesignationin the Transferor BankSh.Sant SinghManager,Head OfficeSh.Mukund LalManager,Head