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Vishal International Production Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1993)46ITD312(Delhi)

ultimate analysis concluded that the assessee was not an "Industrial Company" as defined in Section 2(7)(c) of the Finance Act, 1980.4. Being aggrieved with the action of the CIT (Appeals), the assessee took up the matter before the … on account of "realisation on extra prints". (c) That CBDT Circular No. 24 dated 23rd July, 1969 stated in positive terms that production of films … an "Industrial Company" and the said stand having been accepted by the CIT (Appeals) for the assessment years 1978-79 and 1979-80. It was explained that, in the earlier years, the assessee had produced certain feature films, namely,

Balsara Hygiene Products Ltd. and Another Vs. D.S. Saxena and Another

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 3, 30, 31, 32, 33, 34, 35, 36, 37, 37(3) and (3)A and 80B; Constitution of India - Articles 19 and 226; Finance Act, 1983 - Sections 17

Reported in : 1994(2)BomCR164; [1994]208ITR623(Bom)

section 37(3) of the Act. In the year 1978, section 37 of the Act was amended by the Finance Act, 1978, by inserting sub-sections (3A) to (3D). The effect of the amendment was to disallow a portion of the … v. F. N. Balsara : [1951]2SCR682 the Supreme Court examined the expression 'commending' in section 23(a) and section 24(1)(a) of the Bombay Prohibition Act to determine whether the expression 'commending' intoxicant are said to conflict with the

Televista Electronics (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1985)12ITD161(Delhi)

petition under Section 154 along with directions of the Commissioner (Appeals) and it is found that vide the Finance Act, 1978, Section 24, with effect from 1-6-1978, which amended the whole structure of advance tax and in view of these amendments,

Krishnakant Sakharam Ghag Vs. Union of India (Uoi) and ors.

Court : Mumbai

Subject : Excise

Acts : Central Excise Act, 1944 - Sections 3 and 12; Customs Act, 1962 - Sections 142; Additional Duties of Excise (Goods of Specified Importance) Act, 1957 - Sections 3(3); Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 - Sections 3(3); Customs Act, 1962 - Sections 142

Reported in : 2006(3)BomCR599; 2005(183)ELT419(Bom)

33. Kania, J., in Sir Byramjee Jeejeebhoy v. Province of Bombay : AIR1940Bom65 while construing the Bombay (Amendment) Finance Act, 1939 held that the word 'levy' in Section 24 of the said Finance Act must be construed as … of Specified Importance) Act, 1957 and Section 3(3) of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978. In those enactments, it is provided that the provisions of the Central Excise & Salt Act, 1944 and

Surjeet Singh Mahan Sing Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1998)64ITD104(Delhi)

section 18(5) as amended by the Tax Laws Amendment act, 1970. The Tax Laws Amendment Act, 1975 and Finance Act, No. 2 of 1977 w.e.f. 1978 stood as under :- "(5) No order imposing a penalty under this … DCIT(A) or Commissioner (Appeals) under section 23 or an appeal to the Appellate Tribunal under sub-section (2) of section 24 after the expiration of period of - (i) two years from the end of the financial year in

M.A.C. Khaleeli Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Land Acquisition

Reported in : (1994)48ITD191(Mad.)

where originally any investment of the proceeds in specified assets were exempt under the section as enacted by Finance Act, 1978. Subsequently, by Finance Act, 1983 it was provided that if the tax-payer takes a loan on the security … was an old godown building which was let out to Indian Explosives Ltd. By a settlement deed dated 24-6-1960 the assessee gifted a portion of this land to his wife and by another deed dated 20-4-1972 he

Bangalore Turf Club Ltd. Vs. Union of India

Court : Karnataka

Subject : Direct Taxation

be treated as "winnings from horse races". 7.2 He further draws the attention of the Court to the Finance Act, 1978 whereunder Section 194BB was introduced to entail deduction of tax at source specifically on "winnings from horse races" … and other game of any sort" as defined under section 194B of the Act. 38. Sub-clause (ix) of sub-section (24) of section 2 was inserted by the Finance Act, 1972, with effect from 01.04.1972. A perusal of the

Bangalore Turf Club Limited Vs. Union of India

Court : Karnataka

Subject : Education

be treated as “winnings from horse races”. 7.2. He further draws the attention of the Court to the Finance Act, 1978 whereunder Section 194BB was introduced to entail deduction of tax at source 30 specifically on “winnings from horse … Section 74A would be applicable read with Section 2(24)(ix) and the taxability is sought to be brought under Section 24 115BB wherein the ‘income from the activity of owning and maintaining race horses’ is excluded. He would contend

Sanchaita Investments and ors. Vs. State of West Bengal and ors.

Court : Kolkata

Subject : Commercial

Acts : Prize Chits and Money Circulation Schemes (Banning) Act, 1978 - Sections 2 and 13; ;West Bengal Prize Chits and Money Circulation Schemes (Banning) (Wesh Bengal) Rules, 1979 - Rule 4(1); ;Contract Act, 1872 - Section 25; ;Code of Criminal Procedure (CrPC) , 1974 - Sections 165 and 173

Reported in : AIR1981Cal157

parties and made part of the records of this case. The opening words are as follows:'The Deputy Secretary Finance Department and Ex-Officio Additional Director, Small Savings, Government of West Bengal, who is the Authorised Officer, issued notices … the year 1978, the Indian Parliament passed an Act called the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (hereinafter referred to as the Act). The Act received the assent of the President on the 12th December, … and did not produce any materials at the hearing either on December 24, 1980 before me or on any day between the 5th January and … Act received the assent of the President on the 12th December, 1978.7. Section 2 of the Act contains the usual definition clause and, in so

Ferro Alloys Corpn. Ltd. Vs. A.P. State Electricity Board and Another

Court : Supreme Court of India

Subject : ElectricityConstitution

Acts : Constitution of India - Articles 12, 14 and 226; Interest Act, 1978 - Sections 4(2); Electricity Act, 1910 - Sections 2(4) and 24; Electricity Rules, 1956 - Rule 27; Companies (Acceptance of Deposits) Rules, 1975; Orissa State Electricity Board General Conditions of Supply Regulations, 1981 - Regulations 7 and 20; Electricity Act, 1947 - Sections 57(2) and 71

Reported in : AIR1993SC2005; JT1993(3)SC82; 1993(2)SCALE593; 1993Supp(4)SCC136; [1993]3SCR199

fixation or tariff. Under Sections 49 and 59 of the Supply Act, finance is required to be adjusted including the payment of interest. Demand of … item of expenditure properly incurred.44. The High Court also erred in relying on Section 4(2) of the Interest Act, 1978. Section 4(2) has no application where an account of contractual term or a statutory provision, payment of interest is … non-payment under Condition No. 32.3, supply of energy can be disconnected without seven days notice as contemplated under Section 24 of the Indian Electricity Act, 1910. Therefore:(1) It was urged that the consumption deposit should in no event