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Commissioner of Income-tax Vs. Kutch Oil and Allied Industries Pvt. Lt ...

Court : Gujarat

Subject : Direct Taxation

Acts : Finance Act, 1974 - Sections 2(8)

Reported in : (1986)50CTR(Guj)37; [1987]163ITR237(Guj)

was justified in law in holding that the assessee was an industrial company under section 2(8)(c) of the Finance Act, 1974, and entitled to benefit of concessional rate of tax 2. Whether, the finding of the Tribunal that the

Commissioner of Income-tax Vs. Orient Marine Products Pvt. Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33(1), 34, 80J, 80J(4) and 80HH; Finance Act, 1974 - Sections 2(8)

Reported in : (1995)127CTR(Mad)207; [1995]214ITR44(Mad)

that the assessee should be treated as an 'industrial company' within the meaning of section 2(8)(c) of the Finance Act, 1974, and that the rate of tax to be adopted should be 55 percent. and not 65 per cent.

India Tyre and Rubber Co. (India) Pvt. Ltd. Vs. Commissioner of Income ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961; Finance Act, 1974 - Sections 2(8)

Reported in : [1994]210ITR409(Bom)

in the manufacture of goods and as such it was not an industrial company as defined in the Finance Act, 1974 ?' 2. Section 2(8) (c) of the Finance Act, 1974, defines the expression 'industrial company' for the purposes

Commissioner of Income-tax, Gujarat-i Vs. Lakhtar Cotton Press Co. (Pv ...

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 263; Finance Act, 1973 - Sections 2(7); Finance (Amendment) Act, 1974 - Sections 2(8)

Reported in : [1983]142ITR503(Guj)

may, however, state that in Reference No. 245 of 1978, the relevant section is s. 2(8)(c) of the Finance Act, 1974, and except for this difference, in substance, the question involved in that reference is the same because the

National Planning and Construction Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Finance Act, 1974 - Section 2(8); ;Finance Act, 1975

Reported in : [1980]122ITR197(Cal)

the hearing Dr. Debi Pal, learned counsel for the assessee, drew our attention to Section 2(8)(c) of the Finance Act, 1974, which reads as follows :' (c) ' Industrial company ' means a company which is mainly engaged in

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)

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 2(7)(e) of the Finance Act, 1973, provides as follows : '2. (6) In the cases to

Addl. Commissioner of Income-tax Vs. Abbas Wazir (P.) Ltd. and Samad C ...

Court : Allahabad

Subject : Direct Taxation

Acts : Finance Act, 1974 - Sections 2(6) and 2(8); Income Tax Act, 1961 - Sections 251

Reported in : (1979)9CTR(All)169; [1979]116ITR811(All)

manufactures and sells carpets. For the assessment year 1974-75, it had claimed relief under Section 2(8)(c) of the Finance Act, 1974 (20 of 1974). It claimed that it was an industrial company as denned in these provisions and so

Commissioner of Income-tax Vs. Continental Sea Foods India (Private) L ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80J; Finance Act, 1974 - Sections 2(8)(C); Income Tax Rules, 1962 - Rule 19A and 19A(3)

Reported in : (1994)121CTR(Mad)4; [1994]208ITR346(Mad)

be treated as an industrial company within the meaning of section 2(8) (c) of Chapter II of the Finance Act, 1974 (iii) Whether, on the facts and in the circumstances of the case, the amounts earned by way of

Sahara India Savings and Investment Corporation. Ltd. Vs. Asstt. Cit

Court : Allahabad

Subject : Direct Taxation

Reported in : [2001]79ITD56(NULL)

Banking Company was included in definition of the Financial Company in section 2(5B) by inserting clauses (va) by Finance Act of 1992 w.e.f. 1-4-1993. The explanatory memorandum to the Act in Paragraphs 55.3 to 55.5 stated as under … such debentures must be treated as interest on investments, which fall outside the purview of the Interest Tax Act, 1974, and not as interest on loans and advances taxable under the Interest Tax Act, 1974.'(ii) The Karnataka Bank

Commissioner of Wealth-tax Vs. Ajit Alias Hamid Alikhan

Court : Mumbai

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2 and 27(1); Finance (Amendment) Act, 1974 - Sections 2

Reported in : [1995]215ITR454(Bom)

of asset. This exclusion was subjected to a further condition with effect from April 1, 1975, by the Finance Act, 1974, that it is not an annuity purchased by the assessee or purchased by any other person in pursuance … was not an asset, the value of which was includible in the net wealth of the assessee under section 2(e) of the Wealth-tax Act, 1957 ?' 2. This reference pertains to the assessment year 1977-78. The assessee is