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Aluminium Industries Ltd. Vs. Union of India (Uoi)

Court : Kerala

Subject : Customs

Acts : Customs Tariff Act, 1975 - Sections 2 and 3; Finance Act, 1981 - Sections 47; Customs Act, 1962 - Sections 2(11), 2(12), 2(23), 2(27), 2(28), 7, 8, 12, 14, 15, 15(1), 16, 17, 25, 25(1), 29, 30, 31, 32, 33, 34, 45, 46, 47, 48, 68, 106, 110, 111, 113 and 115; Finance Act, 1980 - Sections 4(4) and 47; Customs Act, 1886; Customs Tariff Act, 1894; Sea Customs Act, 1878 - Sections 37, 57 and 86; Customs Rules; Customs Regulations

Reported in : 1985(4)ECC1; 1985LC554(Kerala); 1999(110)ELT474(Ker)

48, 68, 106, 110, 111, 115; Finance Act, 1980, Section 4(4); Finance Act, 1981, Section 47; Customs Tariff Act, 1975, Section 3 ; Countervailing Duty; Notfn. Nos. 176/79-CUS., 186/79-CUS, 41/80-CUS., 75/81-CUS., 76/81-CUS. - Import of Aluminium Ingots--Bate of Duty … became payable at-the full rate mentioned under Section 3 of the Tariff Act. By Notification No. 41/F. No. 334/5/80 : TRU (G S.R. 122-E), published in the Gazette of India, Extraordinary, Part II, Section 3(1), dated 25-3-1980,

Glaxo Laboratories (India) Ltd. Vs. Second Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1986)18ITD226(Mum.)

the assessee a chance to arrange its affairs. It was admitted that Section 40A(8) was introduced by the Finance Act, 1975 with effect from the assessment year 1976-77, thus, giving one year's advance notice, still it was claimed that … relied on the Tribunal, Hyderabad Bench's decision in IT Appeal Nos. 676-679 (Hyd.) of 1980 dated 30-3-1981 (PB 33-34).46. We have perused the said decision of the Hyderabad Bench where for holding that the cash allowances are

Swedish Match Ab and anr. Vs. Securities and Exchange Board, India and ...

Court : Supreme Court of India

Subject : Company

Acts : Security and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 - Regulations 2, 2(2), 3, 7, 10, 11, 11(1), 12, 14, 15, 16, 20, 22(3), 44, 45 and 45(6); ;Constitution of India - Article 142; ;Essential Commodities Prices and Stocks (Display and Control) Order, 1967; Companies Act, 1956 - Sections 81(1)(A); Security and Exchange Board of India Act, 1992 - Sections 4(3), 11, 11A, 11B, 11B(3), 11B(4), 15A, 15H, 15I, 15T, 15Z, 24 and 30; Security and Exchange Board of India Ordinance, 1992; Code of Civil Procedure (CPC) - Order 41, Rule 33; Finance Act, 1975

Reported in : AIR2004SC4219; IV(2004)BC211; [2004]122CompCas83(SC); (2004)4CompLJ25(SC); JT2004(7)SC94; 2004(7)SCALE158; (2004)11SCC641; [2004]54SCL549(SC)

a tax avoidance case concerning capital transfer tax, the Court of Appeal were called on to construe the Finance Act 1975 Sch 5 para 6(7) as originally enacted. Counsel for the Inland Revenue put forward several alternative arguments on … akin to or analogous to the principles contained in Order 41 Rule 33 of Code of Civil Procedure. Even otherwise before us the judgment of … issued :'In view of the above the exercise of the powers conferred upon me under sub-section (3) of Section 4 read with Section 11B SEBI Act 1992 (hereinafter referred to as the Act) read with Regulation 44

Travancore Electro-chemical Industries Ltd. Vs. Commissioner of Income ...

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 37, 80J, 214 and 246; Surtax payable under Companies (Profits) Surtax Act, 1964; Finance Act, 1974 - Sections 16

Reported in : [1995]214ITR195(Ker)

this plant within the meaning of the term 'manufacture' appearing in Clause (c) of Section 16 of the Finance Act, 1975?' 2. The first question admittedly stands concluded against the assessee by the decision of the Supreme Court in … The disallowance was based on the provisions of Section 16(c) of the Finance Act, 1974. The provisions of Section 33 of the Income-tax Act allowing development rebate were operative only up to May 31, 1974, by virtue of

Commissioner of Income Tax Vs. Gotan Lime Stone Khanij Udyog and A.R. ...

Court : Rajasthan

Subject : Direct Taxation

Reported in : (2007)211CTR(Raj)585; [2008]299ITR368(Raj)

cement factories. As referred to above, the scheme of investment allowance introduced w.e.f. 1st April, 1976 by the Finance Act of 1976 has taken the shape of development rebate which is granted under Section 33 of the Act. … In Chief General Manager's case (supra), the dumpers were subjected to tax under the Orissa Motor Vehicles Taxation Act, 1975 because they were running on the roads.22. In Shiv Construction v. CIT (supra), the Gujarat High Court held

income-tax Officer Vs. Rukmani Metal and Gaseous Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1982)1ITD816(Delhi)

on 10-6-1975 and 12-6-1975 which was beyond the time limit of 31-5-1975 specified in Section 16(c) of the Finance Act, 1971. Shri Kapila submitted that though the other conditions specified in this provision might have been fulfilled by … inadvertently allowed on some of the plant and machinery purchased beyond the date till it was allowable under Section 33 of the Act. According to the ITO, the assessee would be entitled to development rebate on the cost

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 … Traders (P.] Ltd. : [1974]97ITR140(Guj) , which is the subject-matter of Civil Appeals Nos. 118 and 117 of 1975, but we think it proceeds on an erroneous interpretation of the language of Section 80M, sub-Section. (1). It … for various allowances to be made in making such computation and Sections 33 and 34 are the provisions for allowance of development rebate in computing

Commissioner of Income-tax, Bangalore Vs. Venkateswara Hatcheries (P) ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act - Sections 2(45), 3, 7, 10(27), 32A(2), 33(1), 43A, 80JJ, 88J and 256(2); Finance Act, 1964; Finance Act, 1975; Finance Act, 1976; Sales Tax Act; Central Excise Act

Reported in : AIR1999SC1225; [1999]237ITR174(SC); JT1999(2)SC338; 1999(2)SCALE257; (1999)3SCC632; [1999]2SCR177

the exemption to Rs. 10,000 in a year.12. Consequently, Section 10(27) of the Act was omitted by the Finance Act 1975 with effect from 1st April, 1976 and Section 80J was brought into the Act with effect from the … a list of items which are treated as articles or things manufactured or produced for the purpose of Section 33(1)(b) of the Act. In this Schedule we find that processed seeds which are products of plants have been

State Bank of Travancore Employees Union Vs. Commissioner of Wealth-ta ...

Court : Chennai

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 3

Reported in : (1998)149CTR(Mad)418; [1999]238ITR466(Mad)

company for the purposes of this Act.' 11. The definition of 'company' was once again substituted by the Finance Act, 1975, with effect from April 1, 1975. That definition is as under (see [1975] 99 ITR 150) : ' … by the Finance Act, 1958. That definition reads as under (see [1958] 33 ITR 147 : ' 'company' means a company as defined' in Section … Unions Act and the authorities and decisions considered by it. 2. The charge to wealth-tax is created under Section 3 of the Wealth-tax Act, 1957, which creates a charge for wealth-tax in respect of the net wealth

Commissioner of Income-tax, Gujarat-i Vs. Satellite Engineering Ltd.

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 15C; Income Tax (Amendment) Act, 1961 - Sections 84

Reported in : [1978]113ITR208(Guj)

Act, 1969, the time-limit of 23 years in section 80J(4)(iii) was increased to 28 years and by the Finance Act, 1975, it was raised to 33 years. This is how the provisions stand at the present date. 17. In