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Commissioner of Income-tax Vs. Sanghi Oxygen Co.

Court : Rajasthan

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28, 36, 37, 40A and 40A(7); Finance Act, 1975

Reported in : [1993]203ITR784(Raj)

the provisions of Section 40A(7). The Income-taxAppellate Tribunal has ignored the amendment made by Section 6 of the Finance Act, 1975, with retrospective effect from April 1, 1973. It was further submitted that, when there is a specific … law under Section 256(1) of the Income-tax Act, 1961, which have arisen out of its order dated December 30, 1978, in respect of the assessment year 1973-74 :'(1) Whether, on the facts and in the circumstances of

C.i.T. Vs. Sanghi Oxygen Co.

Court : Rajasthan

Subject : Direct Taxation

Reported in : 1992(3)WLC329; 1992WLN(UC)421

provisions of Section 40A(7). The Income-tax Appellate Tribunal has ignored the amendment made by Section 6 of the Finance Act, 1975 with retrospective effect from 1st April, 1973. It was further submitted that when there is a specific … been provided under Section 29 that the income shall be computed in accordance with the provisions contained in Section 30 to 43(C). The provisions contained in Section (1), (5), (6) are specific provisions and Section 40A(1) is overriding

Baldevdas R. Raheja Vs. the Union of India (Uoi)

Court : Mumbai

Subject : Company

Reported in : (1977)79BOMLR581

Nos. 5 and 6 as Government Directors for one year from June 30, 1973 on the Board of Directors of respondent No. 7 company and … general meeting of respondent No. 7 company held on May 11, 1973 and that they were entitled to act as Directors of respondent No. 7 company.2. The short facts leading to this petition may be stated as … loan from the Industrial Credit and Investment Corporation of India Ltd., which would require to raise substantial additional finances and that the said project was of vital importance to' the economy of the country. It quoted a … 1970, one hundred shareholders of the Chinai group filed a petition under Section 250 of the Companies Act, 1956, to freeze the voting rights of

Commissioner of Income-tax Vs. Shaw Wallace and Co. Ltd.

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Section 154; ;Finance Act, 1964

Reported in : [1993]199ITR105(Cal)

the period of limitation ran from the date of the original order which was passed on May 30, 1973. He urged that, while giving effect to the order of the Tribunal, the Income-tax Officer committed the same … (Rs. 5,62,000) by way of reduction in rebate of super tax in terms of the provisions of the Finance Act, 1964. Since the mistake was apparent from the record, the Income-tax Officer issued a notice under Section 154

Radmacher (Formerly Granatino) (Respondent) Vs. Granatino (Appellant)

Court : UK Supreme Court

Subject : Land Acquisition

and Property Act 1970, the provisions of which were largely re-enacted as Part II of the Matrimonial Causes Act 1973 ("the 1973 Act"). Significant changes were made to these provisions by the Matrimonial and Family Proceedings Act 1984 … that sections 34 and 35 have been dead letters for more than 30 years. It seems likely that issues as to maintenance have, since the … down the circumstances in which a valid and binding agreement relating to arrangements for the couple's property and finances, not only while the marriage still existed but also after it had been dissolved or annulled, could be … Court for Divorce and Matrimonial Causes by the Matrimonial Causes Act 1857. Section 32 of that Act gave the court power to order the husband

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 … it is relevant, as follows: Section 40 - Amounts not deductible Notwithstanding anything to the contrary in sections 30 to 38, the following amounts shall not be deducted in computing the income chargeable under the head Profits

M/S. W.T. Suren and Co. Ltd. Vs. the Commissioner of Income Tax, Bomba ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax - Income Tax Act, 1922 - Sections 10 and 66(1); Industrial Disputes Act, 1947 - Sections 25FF; Income Tax Act, 1961 - Sections 28, 30, 31, 32, 33, 34, 35, 36, 40A(7) and 261; Finance Act, 1973

Reported in : AIR1998SC1575; [1998]230ITR643(SC); JT1998(2)SC74; 1998(2)SCALE1; [1998]1SCR1069

employment for any reason was made in the Income Tax Act, 1961 by Section 40A(7) introduced by the Finance Act w.e.f. April 1, 1973.10. It was submitted by Mr. Vellapally that High Court went wrong in holding that … May 1, 1959. The employees were, therefore, informed that their employment was to cease on and from April 30, 1959. The employees were further told as under:'(A) If, for any reason, any member of the staff does

Assistant Commissioner of Vs. Trade Links Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1995)54ITD108(Delhi)

lavish expenditure on maintenance of guest houses, Section 37(4) of the Income-tax Act; 1961, was inserted by the Finance Act, 1970, for disallowance altogether of expenditure incurred after February 28, 1970, on the maintenance of guest houses other … Homes also. Rule 6C was however omitted by the Income-tax (Amendment) Rules, 1973 with effect from 1-4-1972.Subsequently, in order to place a check on lavish … considered the provisions of Section 37(4) of the Act. The expenditure in respect of rent is covered under Section 30 of the Act and there being a specific provision in respect of the deduction, the same could not

Somesh Thapliyal Vs. Vice Chancellor H.n.b. Garhwal University

Court : Supreme Court of India

Subject : Education

the same is accompanied with demand draft of Rs.200/- (Rs.100/- only for Uttaranchal SC candidates) in favour of Finance Officer HNB Garhwal University. The application completed in all respects along with attested testimonials in support of qualification, … who were substantively appointed after going through the process of selection provided under the Uttar Pradesh State Universities Act, 1973(hereinafter being referred to as the “Act 1973”) between the 1 year 2004-2007 and after serving for more than … University was a State University governed by the Act 1973 established under Section 4(1) of the Act. On 15th January, 2009, the University was converted … academic excellence/performance, they were called for an interview by a letter dated 30th September 2004. 79. In all, 76 candidates applied for the post of

industrial Finance Corporation of India and anr. Vs. Century Metals Li ...

Court : Delhi

Subject : Commercial

Acts : Industrial Finance Corporation Act, 1948 - Sections 30 and 41A

Reported in : 1(1989)DLT550

Santosh Duggal, J.(1) Industrial Finance Corporation of India, (IFCI for short), a statutory body established under the Industrial Finance Corporation Act, 1948 (hereinafter … agreement, the former created, in favor of the latter on 29th March, 1973. a mortgage by deposit of title deeds in respect of their immoveable … petitioner No. 1, sets out following facts, that have necessitated a petition to this Court, invoking provisions of Section 30 of the Act , M/s. Century Metals Ltd., a company incorporated under the Companies Act, 1956 (hereinafter referred