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Commissioner of Income-tax Vs. Continental Device India

Court : Delhi

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 143(3), 144B and 256(1); Finance Act, 1976 - Sections 2(6) and 2(8); Finance Act, 1978

Reported in : [2001]252ITR227(Delhi); [2001]118TAXMAN585(Delhi)

the IDBI in lieu of surcharge in accordance with the provisions of Section 2(6) and (8) of the Finance Act, 1976, although for the assessment year 1978-79 tax was to be paid in accordance with the provisions of the

Jamnaprasad Kanhaiyalal Vs. Commissioner of Income Tax, M.P., Bhopal

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 68, 139, 256 and 257; Voluntary Disclosures of Income and Wealth Act, 1976 - Sections 18; Indian Income Tax Act, 1922; Finance Act, 1965 - Sections 24, 24(1), 24(3), 24(6) and 24(8)

Reported in : AIR1981SC1759; (1981)23CTR(SC)146; [1981]130ITR244(SC); (1981)3SCC441; [1981]3SCR849

declarant is a company, at the rates specified in Paragraph F,of Part I of First Schedule to the Finance Act (X of 1965) as if such amount were the total income of the declarantSub-section (8) on which strong … any room for doubt, the legislature has introduced Section 18 in the Voluntary Disclosures of Income and Wealth Act, 1976 (Act No. 8 of 1976) which specifically provides that save as otherwise provided in the Act, nothing contained

Widia (India) Ltd. Vs. Commissioner of Income-tax

Court : Karnataka

Subject : Direct Taxation

Acts : Companies (Profits) Surtax Act, 1964 - Sections 2(5) - Schedule - Rules 1, 2 and 2(1); Finance Act, 1976 - Sections 2(6) and 2(8)

Reported in : (1991)98CTR(Kar)114; [1992]194ITR77(KAR); [1992]194ITR77(Karn)

Surtax Act, 1964 ('the Act' for short), deposited the equivalent amount with prepared under the provision of the Finance Act, 1976. The assessee required this deposit to be treated as payment of surcharge for the purpose of computing the … provisions of the Finance Act, 1976, read with a scheme framed thereunder. As per the second proviso to section 2(6) of the Finance Act, 1976, an assessee, being a company, may in lieu of payment of surcharge

Travancore Chemical and Manufacturing Co. Ltd. Vs. Commissioner of Inc ...

Court : Kerala

Subject : Direct Taxation

Acts : Companies (Profits) Surtax Act, 1964 - Sections 4; Income Tax Act, 1961 - Sections 2(5), 2(6) and 2(8); Finance Act, 1976; Finance Act (Amendment), 1977

Reported in : [1994]206ITR118(Ker)

having regard to the decision of the Supreme Court in CIT v. K. Srinivasan : [1972]83ITR346(SC) .5. The Finance Act, 1976 (Act No. 66 of 1976), made some special provisions in relation to payment of surcharge on income-tax for … Appellate Tribunal, Cochin Bench, has referred the following question of law for the opinion of this court under Section 18 of the Companies (Profits) Surtax Act, 1964 (hereinafter referred to as 'the Surtax Act'), read with Section

Commissioner of Income-tax Vs. Boots Company (i.) Limited

Court : Mumbai

Subject : Direct Taxation

Acts : Companies (Profits) Surtax Act, 1964 - Schedule - Rules 1 and 4; Finance Act, 1976 - Sections 2 and 2(8); Income Tax Act - Sections 80J

Reported in : (1994)120CTR(Bom)85; [1995]214ITR175(Bom)

that the assessee availed of the option given to it under Sub-section (8) of Section 2 of the Finance Act, 1976, and deposited the amount with the Industrial Development Bank of India ('IDBI') as contemplated therein in lieu of

Ambica Mills Ltd. Vs. Commissioner of Surtax

Court : Gujarat

Subject : Direct Taxation

Acts : Companies (Profits) Surtax Act, 1964 - Sections 13 and 18 - Schedule - Rule 2; Finance Act, 1976 - Sections 2(8)

Reported in : (1994)118CTR(Guj)466; [1994]206ITR699(Guj)

under the Companies Deposits (Surcharge on Income-tax) Scheme, 1976. As per the provisions of section 2(8) of the Finance Act, 1976, the surcharge on income-tax payable by the company in a case where the amount of deposit made with

Indian Aluminum Company Ltd. and anr. Vs. Union of India (Uoi) and ors ...

Court : Delhi

Subject : Excise

Acts : Companies Act, 1956; Essential Commodities Act, 1955 - Sections 3; Central Excise Act, 1944 - Sections 4; Finance Act, 1976 - Sections 36, 36(1) and 36(5); Finance Act, 1977; Finance (No. 2) Act, 1977; Central Excise Rules, 1944 - Rules 8, 8(1), 52A, 56A and 173G(2); Constitution of India - Article 226; Aluminum (Control) Order, 1970

Reported in : 1993(12)ELT349(Del)

Aluminum.4. By Clause 36 of the Finance Bill, 1976, which was later replaced by Section 36 of the Finance Act, 1976, an auxiliary duty of excise equal to 20 per cent of the value of the goods as determined … No. 198/76-C.E., dated June 16, 1976 issued in exercise of the powers conferred by Sub-rule (1) of Rule 8 of the Central Excise Rules, 1944 granting excise duty relief in respect of selected commodities to the extent

Cit Vs. Continental Device India

Court : Delhi

Subject : Direct Taxation

Reported in : (2002)177CTR(Del)212

in IDBI in lieu. of surcharge in accordance with the provisions of section 2(6) and (8) of the Finance Act, 1976 although for assessment year 1978-79 tax was to be paid in accordance with the provisions of the Finance

K.V. Abdulla Vs. Income-tax Officer and anr.

Court : Karnataka

Subject : Direct Taxation

Acts : Finance Act, 1976 - Sections 2(2); Constitution of India - Articles 14 and 19

has his year of accounting ending on 31st of March every year. For the assessment year 1976-77, the Finance Act, 1976 ('the Finance Act'), was applicable to the petitioner and he filed his return declaring his income from his … can only be levied under the Act on the total income other than 'agricultural income' and Parliament by section 2 of the Finance Act is really levying tax on agricultural income of the assessee and as the … provisions providing for aggregation was within the competence of Parliament under entry 82 in List I of the Seventh Schedule to the Constitution. He also

Mithileshwar Mishra Vs. the State of Bihar and ors.

Court : Patna

Subject : Service

Acts : Bihar Non Government Elementary School (Taking over of Control) Act, 1976 - Sections 3 and 4

He became entitled for first time bound promotion on completion of ten years of service in terms of Finance Department Resolution No. 6021 dated 18.12.1989 and on the basis of approved seniority list made up to 12.6.1992. … from 17.3.1981.5. In terms of Section 3 of the Bihar Non Government Elementary School (Taking over of Control) Act 1976, the date of taking over of the school by the State Government will be the date of publication … teacher by the Managing Committee of the Rukmini Girls School, Rakia on 8.1.1969 as matric untrained. The school was taken over by the State of