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Asian Hotels Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2002)81ITD127(Delhi)

the Expln. 2 inserted in Section 64 of the IT Act, 1961, w.e.f. 1st April, 1980, by the Finance Act, 1979 which reads as follows : "For the purpose of this section, 'income' includes 'loss'." The Hon'ble Supreme Court … of the Special Bench. Tribunal Delhi Bench, in the case of Rishirup Chemicals (P) Ltd. v. ITO (1991) 39 TTJ (Del) (SB) 660 : (1991) 36 ITD 35 (Del) (SB) in which it has been held that

National Construction Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1983)3ITD677(Mum.)

expressions. The words 'construction' and 'manufacture' find a place there. In the definition of 'industrial company' in the Finance Act, the expression 'construction' is used in contradistinction to 'manufacture'. We will, for illustration, give the definition as found … garages, which were sold to various persons on ownership basis.3. In the assessment proceedings for the assessment year 1979-80, for which the accounting year was the year ended 30-6-1978, the assessee claimed that they were entitled to … registered firm, engaged in construction of buildings is eligible for deduction under Section 80J of the Income-tax Act, 1961 ('the Act').2. The assessee is a

Chapman Vs. Houston Welfare Rights Organization

Court : US Supreme Court

Subject : Service Tax

three judges under section 2284 of this title." (Emphasis added.) [ Footnote 32 ] See Lynch v. Household Finance Corp., 405 U. S. 538 , 405 U. S. 540 , 405 U. S. 543 ; Examining Board … Welfare Rights Organization No. 77-719 Argued October 2, 1978 Decided May 14, 1979 * 441 U.S. 600 CERTIORARI TO THE UNITED STATES COURT OF APPEALS … be regarded as securing either "equal rights" or "civil rights." [ Footnote 39 ] We are persuaded, Page 441 U. S. 621 however, that both … APPEALS FOR THE FIFTH CIRCUIT Syllabus Under 28 U.S.C. § 1343(3), federal district courts have jurisdiction over civil actions "authorized by law" claiming a deprivation, under color of state law, of rights "secured by the Constitution of

M. Sreenivasulu Reddy and ors. Vs. Kishore R. Chhabria and ors.

Court : Mumbai

Subject : Company

Acts : Companies Act, 1956 - Sections 6, 87, 111 and 111A; Securities and Exchange Board of India Act, 1992 - Sections 11, 11B, 15I, 15Y and 20A; Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1994 - Regulations 2, 6, 9, 10, 11, 12, 13, 14, 15, 33, 37, 39; Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 - Regulations 10, 11 and 12

Reported in : [2002]109CompCas18(Bom)

transfer of shares is not effected or registered by defendant No, 12-company. (iii) & (iv)Defendant No, 5 Shirish Finance and Investment Stated to have acquired further 3,64,750 shares in May, 1997, but the transfer of these shares … shares can be injuncted by filing a suit in the context of the relevant provisions of the Companies Act. Consequently, the questions pertaining to balance of convenience and appropriate orders to be passed at the interlocutory stage … to as 'the SEBI Regulations of 1994'). These regulations are framed under Section 30 of the Securities and Exchange Board of India Act, 1992 (hereinafter … H.L. Gokhale, J.1. The notices of motion in Suit No. 3910 of 1997 seek to challenge the legality and validity of substantial acquisitions

LandT Finance Limited Vs. M/s. Saumya Mining Ltd and Others

Court : Mumbai

Subject : Arbitration

Learned counsel made an attempt to distinguish the judgment of this court in case of L and T Finance Limited Versus Damodar Dandekar delivered on 18th December, 2013 in Arbitration Petition No.529 of 2013 on the ground … had inter alia observed as under: Therefore, if the interpretation of Mr. Shelat is accepted as that of Section 39 that it is only the University has the right to open a Post- Graduation Centre, then in that … has filed these four petitions under section 9 of Arbitration and Conciliation Act, 1996 for interim measures. The respondents have raised various issues which are

Commissioner of Income-tax Vs. Mico Products Pvt. Ltd.

Court : Mumbai

Subject : Direct Taxation

Acts : Finance Act, 1980; Constitution of India - Articles 14, 19(1)(8) and 226; Income Tax Act, 1961 - Sections 32, 32(1) and (2), 35, 35(1), (2), (2B), (B), B(2) and C(2)

Reported in : (1990)92BOMLR659; [1991]187ITR517(Bom)

regarding expenditure on scientific research was first felt in the U.K. after the Second World War. The U.K. Finance Act, 1944, gave for the first time a tax benefit in respect of expenditure on scientific research. The statement … the basis that the assessee was entitled to depreciation on its scientific research assets. In the middle of 1979, the assessee required further working capital. For this purpose, it made an application dated June 1, 1979, to … than the previous year in which deduction is allowed under section 35. 39. It was contended by Mr. There was clearly no prohibition against claiming … contended that the assessee is entitled to depreciation on these items under section 32(1) of the Income-tax Act, 1961, even though deduction under section 35(1)(iv)

iran National Airlines Vs. Union of India (Uoi)

Court : Mumbai

Subject : Customs

Acts : Finance Act, 1979 - Sections 35 and 38(3); Customs Act, 1962 - Sections 129DD; Foreign Travel Tax (Amendments) Rules, 1979 - Rule 10A(1); Foreign Travel Tax (Amendments) Rules, 1994

Reported in : 2006(202)ELT588(Bom)

the order passed on 2nd November, 2004 imposed a penalty of Rs. 7,59,060/- under Section 38(3) of the Finance Act, 1979. The Original Authority also imposed a minimum penalty of Rs. 32,000/- for 16 cases under the provisions of … - - -4. Dec.94 31-1-95 1 5531/30-1/95 249000 - - - - - -5. Mar.96 6-5-96 6 60/2-5-96 393300 2 431/- - - - -6. Apr.96 3-6-96 4 99/3-6-96 349200 4 765/- - - - -7. May.96

Asstt. Cit Vs. Smt. Rasila S. Mehta

Court : Mumbai

Subject : Direct Taxation

Reported in : [2000]82ITD27(Mum)

L.J. 1975 497 and submitted that as in the case of statements or estimates of advance tax, the Finance Act, 1979, had provided that the same could be furnished on or before the same date on which the relevant … are cross appeals filed by the assessees as well as revenue in relation to levy of penalty under section 271(1)(c) for the assessment year 1988-89 in the case of two assessees.3. Facts of the case leading to … assessees filed returns of income on 4-6-1991 declaring total income of Rs. 39,500 and Rs, 53,010. The assessments in their cases were completed on 26-3-1993

ifci Limited Vs. the General Secretary All India Ifc Employees Asso

Court : Delhi

Subject : Labour and Industrial

appointment on compassionate grounds under the said scheme dated 01.01.1979.3. The background facts may first be noticed. Industrial Finance Corporation of India (The Corporation for short) was a statutory corporation incorporated by the Industrial Finance Corporation Act, … of the petitioner is that there was no settlement arrived at in the present case as defined in Section 2(p) of the Act of which the Scheme was a result. Learned counsel submits that while passing the … Placing reliance on, A.P.S.R.TC and ors. Vs. Kaiser Begum (1998) 9 SCC 39.and Eastern Coalfields Ltd. vs. Anil Badyakar and Ors. (2009) 13 SCC 11.and

M/S.Malaysian Airlines. M/S.Saudi Arabian Airlines. and ors Vs. the Un ...

Court : Mumbai

Subject : Service Tax

Acts : Constitution Of India - Article 226

under Article 226 of the Constitution of India are challenging imposition of penalty under section 38(3) of the Finance Act, 1979 ("Finance Act" or "Act" for short) for delay in payment of Foreign Travel Tax ("FTT" for short) to