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Commissioner of Income-tax Vs. Vippy Solvex Products P. Ltd.

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 33, 256(1) and 256(2); Finance Act, 1974 - Sections 16

Reported in : [1998]230ITR92(MP)

dated May 25, 1971, in respect of plant and machinery installed after May 31, 1974. Section 16of the Finance Act, 1974, however, provided that the benefit of the scheme would be available in some exceptional cases even in respect

Indian Farmers Fertilizers Co-operative Ltd., Ahmedabad Vs. Union of I ...

Court : Supreme Court of India

Subject : Customs

Acts : Customs Act, 1962 - Sections 25(1); Indian Tariff Act, 1934 - Sections 2, 12 and 26; Finance Act, 1974 - Sections 19; Bombay Cooperative Societies Act

Reported in : 2000(67)ECC202; 2000LC1(SC); 2000(115)ELT11(SC); (2000)4GLR753; JT1999(10)SC1; 1999(7)SCALE478; (2000)2SCC107; 2000(1)LC407(SC)

28(16) which prescribed a standard rate and preferential rate of duty for phosphoric acid.4. Section 19 of the Finance Act, 1974 has made a provision for levy of auxiliary duty on goods covered by the First Schedule to the … of certiorari to quash and set aside the order made by the Appellate Collector of Customs, Bombay, dated 25.2.1976 confirming the order made by the Collector of Customs at Kandla dated 26.2.1975.2. It was contended before the

Sri. K. Mahendar Vs. the Commissioner of Income-tax

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 45(5), 143(1), 143(3), 148 and 155(7A); Finance Act, 1978; Direct Tax Laws (Amendment) Act, 1978; Finance Act, 1987; Limitation Act - Sections 5

Reported in : (2008)214CTR(Mad)598; [2008]303ITR245(Mad)

The Assessing Authority further pointed out that under Section 155(7-A) (since omitted with effect from 1.4.1992) introduced the Finance Act, 1978 with effect from 1.4.1974 and amended by the Direct Tax Laws (Amendment) Act, 1978 with effect from … control and supervision of employer is a workman. He would be entitled to benefit of continuous service under Section 25 and protection of Section 25-F of I.D. Act, 1947.

Petroleum India International Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2000)241ITR43(Mum.)

section, a deduction of the whole of such income, in computing the total income of the assessee." The Finance Act, 1974, amended s. 80-O retrospectively w.e.f. 1st April, 1972, to allow deduction only with reference to the income which … the following decisions : (3) Industrial Consulting Bureau (P) Ltd. vs. CIT (1991) 189 ITR 346 (Bom); and 25. Our attention was also invited to the decision of the Kerala High Court in the case of CIT

Y.D. Nanje Gowda Vs. Union of India and anr.

Court : Karnataka

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957; Income Tax Act, 1961 - Sections 64; Finance Act, 1974 - Sections 14; Finance (Amendment) Act, 1976 - Sections 27; Constitution of India - Article 14

Reported in : ILR1985KAR955; [1985]152ITR618(KAR); [1985]152ITR618(Karn)

rates only retaining the clause in principle effected in the Finance Act of 1974. Section 2 of the Finance Act, 1974, also made corresponding amendments in the I.T. Act of 1961 (the 'I.T. Act'). 16. The annual Finance Bill … suggest that such Hindu undivided families should be taxed at the following rate : ---------------------------------------------------------------------Income RateRs. %----------------------------------------------------------------------5,001-10,000 1510,001-15,000 2515,001-20,000 3520,001-30,000 4530,000-50,000 55over 50,000 65---------------------------------------------------------------------- In addition, 15 per cent. surcharge should also be leviable where the income

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. … Assistant Commissioner held that under section 33(1)(b)(B)(i)(b) of the Act, the assessee is entitled to development rebate at 25 per cent. The Income-tax Officer was directed to allow development rebate at 25 per cent. subject to the

Indian Farmers Fertilizer Co-operative Ltd. Vs. Union of India

Court : Gujarat

Subject : Customs

Acts : Customs Act, 1962 - Sections 12, 14, 25 and 25(1)

Reported in : 1991(34)ECC64; 1991(54)ELT38(Guj); (1991)1GLR336

Tariff Act, 1934, as is in excess of 30 per cent ad valorem.' 4. Section 19 of the Finance Act, 1974 has made provision for the levy of auxiliary duty on goods covered by the First Schedule to the … Notification No. 14 dated 1st March, 1974 issued by the Central Government in exercise of its powers under Section 25(1) of the Customs Act, 1962 read with clause 19(4) of the Finance Bill, 1974 or whether at the

Vijay Madanlal Choudhary Vs. Union Of India

Court : Supreme Court of India

Subject : Land Acquisition

twin conditions. The second situation is said to be even more damaging given that the substitution by the Finance Act, 2018 is targeted only to this classification of Part-A of the Schedule, since the Court in the reported … of Tamil Nadu, 2020 SCC OnLine SC882(Para88) 35 officer is not a police officer within the meaning of Section 25 of the 1872 Act. It is also stated that police officers had to be construed not in a … FERA or Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 197494 and the 1962 Act, being Acts which would not subsist alone or

Delhi Cloth and General Mills Co. Ltd. and ors. Vs. Union of India (Uo ...

Court : Supreme Court of India

Subject : CommercialConstitution

Acts : Constitution of India - Articles 13, 14, 19, 19(1), 32, 38, 39, 46, 136, 226 and 285(1); Companies (Acceptance of Deposits) Rules, 1975 - Rules 2, 2-B, 3, 3-A, 3-A(1), 4, 5, 6 and 7; Companies Act, 1956 - Sections 3, 45(1), 58-A, 591 and 642; Companies (Amendment) Act, 1960; Companies (Amendment) Act, 1965; Companies (Amendment) Act, 1974; Reserve Bank of India Act, 1934 - Sections 45-J and 45-K; Rent Restriction Acts; Indian Trust Act, 1882 - Sections 20; Electricity (Supply) Act; Indian Trusts Act, 1882 - Sections 20; Joint Stock Companies Act, 1850; Joint Stock Companies (Amendment) Act, 1857; Indian Companies Act, 1913

Reported in : AIR1983SC937; [1983]54CompCas674(SC); (1983)2CompLJ281(SC); 1983(2)SCALE16; (1983)4SCC166; [1983]3SCR438

1978 and incidentally of Section 58A of the Companies Act, 1956 ('Act' for short) inserted by Companies (Amendment) Act, 1974 which came into force on February 1, 1975 is challenged. The challenge proceeds on diverse grounds which may … company. Any deposit other than those mentioned herein before shall not exceed 25% of the paid-up capital and free reserves of the company. No deposit … the Company reposed in the promoters and controllers of the private companies and how they utilised the corporate finances for their personal advancement. This report, led to the enactment of Companies (Amendment) Act, 1965 which vastly increased

Usha Rani, Hyderabad Vs. Government of Andhra Pradesh and ors.

Court : Andhra Pradesh

Subject : Criminal

Acts : Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 - Sections 3(1); Customs Act, 1962 - Sections 108 and 123

Reported in : 1994(1)ALT(Cri)668; 1994CriLJ112

case was processed and submitted on 23-2-1993 to the Joint Secretary to the Government of India, Ministry of Finance, Department of Revenue, to consider the representation made against the detention order passed by the State Government. The … Vishan Singh alias Tipusoni under S. 3(1) of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (as amended), on the ground that it is necessary to prevent him effectively from further dealing in smuggled … contacted him over phone and told him that he would he sending 25 foreign silver bars and the material may reach Hyderabad any time after … 17-9-92 and gave his statement. In his statement on 17-9-92 recorded under Section 108 of the Customs Act, stated that when he was loitering near