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Delhi Cold Storage (P.) Ltd. Vs. Commissioner of Income-tax, Delhi-1

Court : Delhi

Subject : Direct Taxation

Acts : Finance Act, 1973 - Sections 2(7)

Reported in : (1985)45CTR(Del)24; ILR1984Delhi407

of cold storage could be held to be an industrial company for purposes of section 2(7)(c) of the Finance Act, 1973, and the First Schedule thereto ?' 2. The assessed is a company incorporated under the Indian Companies Act.

Seshasayee Paper and Boardas Ltd. Vs. Deputy Director of Inspection, C ...

Court : Chennai

Subject : Direct Taxation

Reported in : [1978]114ITR616(Mad)

tax credit certificate should also the special excise duty payable by the company under section 27(4) of the Finance Act, 1973.3. The amount of tax credit certificate to which the company is entitiled should be determined item-war and not … grant of a tax credit certificate in respect of any class of goods specified in column (2) of Schedule 1 of the Scheme falling under the item specified in the corresponding entry in column (3) thereof for

K.J. Joseph and ors. Vs. Income-tax Officer, a Ward

Court : Kerala

Subject : Direct Taxation

Acts : Finance Act, 1974 - Sections 2(2), 2(6), 2(7) and 2(8); Constitution of India; Income Tax Act - Sections 4, 10(1), 66 and 110; Finance Act, 1973

Reported in : [1980]121ITR178(Ker)

petitions attack the constitutional validity of Section 2(6), 2(7)(e) and Part IV of the 1st Schedule of the Finance Act, 1973 ; and also Sections 2(2), 2(7)(b)(ii), 2(8)(e) and Part IV of the Finance Act, 1974. Section 2(6) and

A. Loganathan and Others Vs. A. Loganathan and Others

Court : Chennai

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 4, 10(1), 66 and 110; Constitution of India - Article 226

Reported in : [1995]214ITR202(Mad)

in : [1973]88ITR39(Ker) . The provision for aggregation of agricultural income with non-agricultural income was introduced by the Finance Act, 1973, and it appears from the Finance Minister's Budget Speech for 1973-74 that the object of the aggregation was … and substance are within the legislative competence of Parliament under entry 82 of List I of the Seventh Schedule to the Constitution and, therefore, valid. The charge of tax is still on non-agricultural income. No part of

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)

not concerned with the provisions of ss. 53, 54 and 54B and 54D (which were inserted by the Finance Act, 1973, with effect from April 1, 1974) and 54E (which was inserted by the Finance (No. 2) Act, 1977, … the enactment relating to Indian income-tax'. By entry 54 in List I (Federal Legislative List) of the Seventh Schedule to the said Act taxes on income other than agricultural income were made a federal subject, while under

J. Sainsbury Plc. Vs. Oconnar (inspector of Taxes).

Court : Kolkata

Subject : Direct Taxation

Reported in : [1992]197ITR462(Cal)

relief, the option agreement was an 'arrangement' within the meaning of paragraph 5(3) of Schedule 12 to the Finance Act, 1973. If so, the taxpayer company would lose the benefit of group relief by virtue of section 28 of

Commissioner of Income-tax Vs. Oceanic Products Exporting Co.

Court : Kerala

Subject : Direct Taxation

Acts : Finance Act, 1966 - Sections 2(5); Industries (Development and Regulation) Act, 1951; Income Tax Act, 1961 - Sections 80HH and 80J

Reported in : 1996(54)ECC80; [1996]219ITR293(Ker)

running of a cold storage would be an industrial company for the purpose of Section 2(7)(c) of the Finance Act, 1973, and Schedule I thereto thus being eligible for concessional rate of tax thereunder. Section 2(7)(c) defines an industrial

Commissioner of Income-tax Vs. East India Cold Storage (P.) Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 32A, 80HH and 154

Reported in : (1993)111CTR(Cal)237,[1996]218ITR668(Cal)

held that a cold storage is not an industrial company for the purpose of Section 2(7)(c) of the Finance Act, 1973, and Schedule I thereto.6. Section 2(7)(c) of the Finance Act, 1973, defines 'industrial company' thus :''industrial company' means

Motors and Diesels P. Ltd. Vs. Commissioner of Income-tax

Court : Allahabad

Subject : Direct Taxation

Reported in : (2009)221CTR(All)49; [2008]307ITR298(All); [2009]180TAXMAN328(All)

storage was not an 'industrial company' for the purpose of Section 2(7)(c) of the Finance Act, 1973, and Schedule I thereto and was not entitled to concessional rate of tax thereunder.19. The abovementioned ratio was followed by various … for holding that the stored articles have undergone a 'process' within the meaning of Section 2(7)(c) of the Finance Act, 1973.Held accordingly, that the appellant-company running a cold storage was not an 'industrial company' for the purpose of Section

Yoshio Kubo Vs. Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

was preceded by Section 40(c) (iii) which was applicable only to companies. That (Section 40(c)(iii)) was introduced by Finance Act, 1973 with effect from 1-4-1963, read as follows: ITA 441/2003 and connected cases Page 18"0. Amounts not deductible.-Notwithstanding anything … infringing the general rule 28(2) since it was doubtful whether salary or other remuneration for services assessable under Schedule E were "annual payments" within the meaning of the rule.9. Learned counsel submitted that the definition of income