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John Wyeth and Brother Ltd. Vs. Commissioner of Income Tax

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 37, 44C and 256(1); Finance Act (No. 66), 1976 - Sections 10

Reported in : (2008)220CTR(Bom)416; [2009]312ITR80(Bom)

by the Head Office at U.K. b) Section 44C was inserted in the Income Tax Act, 1961 by Finance Act No. 66 of 1976 with effect from 1st June 1976. By introduction of Section 44C a ceiling has … from 1st June, 1976 and will apply in relation to the assessment year 1977-78 and subsequent years. (Section 10(Part) of the Finance Act).c) According to the assessee, prior to Assessment Years 1977-78 the assessee was claiming the

Commissioner of Income Tax Vs. Siemens Aktiongesellschaft

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 4, 4(2), 5, 9, 9(1), 9(2), 10(1), 10(2), 90, 90(1), 90(2) and 195; Finance Act, 2007; Indian Income Tax Act, 1922; Finance Act, 1976; Finance Act, 1977; Income Tax (Amendment) Act, 1976

Reported in : (2008)220CTR(Bom)425; [2009]310ITR320(Bom); [2009]177TAXMAN81(Bom)

therein. We are not concerned with the amendment as we are concerned with the asst. yr. 1979-80.16. The Finance Act 1976 w.e.f. 1st June, 1976 introduced Clauses (v), (vi) and (vii) to Section 9(1). Clause (v) deals with income … amend its laws, a DTAA entered into by the Government in exercise of the powers conferred by Section 10(1) [sic-section 90(1)] while considering Section 10(2) [sic-section 90(2)] has to be reasonably construed.24. The next question that we

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

one-third of the aggregate amount of such profits and gains or ten thousand rupees, whichever is higher.13. The Finance Act 1976 inserted Section 32A with effect from 1st April, 1976 in replacement of development rebate. Section 32A provided investment … rely upon the dictionary meaning of that word.10. Viewed in this light what we find is that Section 10(27) of the Act was inserted in the Act through the Finance Act, 1964. The purpose of enacting Section

V.N. Swaminathan Vs. Commissioner of Income-tax, Tamil Nadu-iii

Court : Chennai

Subject : Direct Taxation

Acts : Voluntary Disclosure of Income and Wealth Tax Act, 1976; Wealth Tax Act, 1957 - Sections 14, 14(5), 15(1) and 15(5A); Finance Act, 1977

Reported in : [1984]150ITR375(Mad)

disclosed income is not paid on or before March 31, 1976, Sections 10, 11, 12 and 13 provide for certain immunities in relation to voluntarily … assessment year, then, notwithstanding anything contained in the Indian I.T.Act, 1922, or the I.T.Act, 1961, or in any Finance Act, the income-tax shall be charged in respect of the income so declared voluntarily at the rage or rates … 5. As already stated, the petitioner had submitted returns voluntarily under the Voluntary Disclosure of Income and Wealth Act., 1976 (Central Act 8 of 1976) Section 3 of that Act provides that where any person makes on or

New Okhla Industrial Development Authority Vs. Chief Commissioner of I ...

Court : Supreme Court of India

Subject : Land Acquisition

of appellant contends that in view of the Explanation added to Section 10(20) of the I.T.Act, 1961 by Finance Act, 2002, the appellant is no longer covered by the definition of ‘local authority’. The definition of ‘local authority’ … examine the issue. The authority has been constituted by notification dated 17.04.1976 exercising power under Section 3 of Act, 1976. Section 3 provides for Constitution of the Authority which is to the following effect: “3.(1) The State Government may,

Ms. the Windsor Castle, Kodimatha, Kottayam, Represented by M.O. Asram ...

Court : Kerala

Subject : Service Tax

1. Constitutional validity of the Kerala Tax on Luxuries Act 1976 (herein after referred to as the ‘KTL Act’), particularly Sections 4, 10, 15 and 16 forms the majo0r … and the scope of the statute was clarified by introducing a ‘proviso’ to Section 4(2) as per the Finance Act, 2007 w.e.f. 01.04.2007, making it clear that no luxury tax shall be payable for such charges received in

T.R.F. Limited Vs. Commissioner of Income Tax

Court : Jharkhand

Subject : Direct Taxation

Acts : Finance (No. 2) Act, 1977 - Sections 2(7); Finance Act, 1976 (66 of 1976) - Sections 32A(2A); Indian Income Tax Act, 1922 - Sections 10(2); Income Tax Act, 1961 - Sections 32, 32A, 32A(1), 32(1), 32(1)(2) 32A(2), 33, 33A, 33(1), 43(3), 256(1) and 256(2)

Reported in : (2007)213CTR(Jharkhand)557; [2008]298ITR78(Jharkhand); [2006(4)JCR21(Jhr)]

before the income-tax authorities or the Tribunal.12. Section 32A of the Income Tax Act was inserted by the Finance Act, 1976 (66 of 1976) with effect from 1st April, 1976 i.e. for and from assessment year 1976-77. Sub-section (1) … the computer is used for the purposes of business of manufacture or production of any article or thing. 10. Their Lordships further observed:Data processing machines are complicated machinery which could not be easily operated by lay men

Commissioner of Wealth-tax Vs. Aditya Vikram Birla

Court : Kolkata

Subject : Direct Taxation

Acts : Finance (No. 2) Act, 1971; ;Wealth-tax Act, 1957 - Section 5(1)

Reported in : [1978]114ITR711(Cal)

our attention to the reply given by the Finance Minister in Parliament in the debate on this particular Finance Act. The relevant part of the reply is as follows:'In giving an extended meaning to the term 'jewellery' and … before the promulgation of the Finance (No. 2) Act, 1971, on the 10th August, 1971, and also the same section as it stands after amendment.7. … Sen, J.1. The question of law which has been referred to this court under Section 27(1) of the Wealth-tax Act, 1957, at the instance of the Commissioner of Wealth-tax, West Bengal-I, Calcutta, is

M/s. Bharti Airtel Ltd. Vs. The Commissioner of Central Excise

Court : Mumbai

Subject : Service Tax

amount of Rs.2,04,39,093/- under provisions of Rule 14 of the Credit Rules read with Section 73 of the Finance Act,1994. In respect of towers and parts thereof, prefabricated building, printers and office chairs, the Commissioner observed that the … of printers. The appellant placed reliance on the Credit Rules introduced by the Central Government with effect from 10.9.2004 and more particularly Rule 3(1) which defines the term “Cenvat Credit”, Rule 2(a)(A) which defines “Capital goods” and

income-tax Officer Vs. Suresh Mahindra

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

Reported in : (1995)54ITD401(Bang.)

been executed nearly one year after the acquisition of the said Stud Farm, i.e., on 1-7-1975, when the Finance Act, 1975 taking away the exemption available to stock-breeding income under Section 10(27) was passed on May 5, 1975. … Rs. 66,370 had not been included by the assessee in his return of income filed for assessment year 1976-77.This Broad Acres Stud Farm was purchased from one M/s. Hill & others by a registered deed dated 31