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Tulsidas Vs. Patel (P) Ltd. V. Wealth Tax Officer

Court : Mumbai

Subject : Direct Taxation

Reported in : (1998)61TTJ(Mumbai)282

Act shall be so construed as to be in conformity with the provisions of section 40 of the Finance Act, 1983. Section 2(e) of the Wealth Tax Act is one such provision which should be read only in conformity with … it relates to assessment year 1990-91. The assessee is a private limited company. The relevant valuation date was 31-3-1990. It filed wealth-tax return on 20-9-1991 returning a net wealth of Rs. 2 lakh. The assessee has three

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)

given by the Finance Minister in support of the impugned amendments were as follows (see [1983] 140 ITR 31) : 'Honorable members must be aware of lavish and wasteful expenditure by trade and industry, particularly on travelling, … declaration that the amendment made to section 37 of the Income-tax Act, 1961, by section 17(b) of the Finance Act, 1983, by inserting sub-sections (3A) to (3D) is bad in law, illegal, invalid and violative of the petitioners' fundamental

income-tax Officer Vs. Pratappur Sugar and Industries

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

Reported in : (1985)13ITD753(Kol.)

disposing of the appeal by the revenue. It is stated that the above sub-section was inserted by the Finance Act, 1983, with retrospective effect from 1-4-1979, as relied on by the revenue. It is prayed that the above order … it is seen that the assessee followed the mercantile method of accounting and the accounting period ended on 31-10-1978. The assessment order was made under Section 143(3) of the Act on 30-8-1982. In this order, the ITO

Commissioner of Income-tax Vs. A.V. Thomas and Co. Ltd.

Court : Kerala

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 30 to 36, 37(1), 37(3A), 37(3B), 43(3), 80AB and 80HHC

Reported in : [1997]225ITR29(Ker)

as 'sale proceeds of any goods, etc., exported out of India'. Apparently Section 80HHC was introduced by the Finance Act, 1983 to encourage export. We are therefore in full agreement with the view taken by the Tribunal that the … Income-tax Act ? (ii) the Tribunal is right in law in holding 'repairs and insurance are governed by Section 31 and taxes are regulated under Section 30 such expenditure cannot be construed as running and maintenance expenditure of

C.M. Kothari Charitable Trust Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (1989)31ITD46(Mad.)

30th day of November, 1983 and, therefore, as per Section 13(1)(d) of the Act as substituted by the Finance Act, 1983 with effect from 1-4-1983, the assessee-Trust forfeited the exemption under Section 11, which was otherwise admissible to it. … assessment year involved in this appeal is 1983-84, the relevant previous year for the same being 1-4-1982 to 31-3-1983. In its assessments for the assessment years earlier to the assessment year 1983-84, the income of the assessee-Trust

Mitsui and Company Ltd. Vs. Deputy Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

Reported in : (1999)65TTJ(Del)1

Explanationn in section 9(ii) of the Income Tax Act, 1961, with effect from 1st April, 1979 by the Finance Act, 1983, it is clarified and declared that the income which falls under the head 'salaries' payable for services rendered … result the project office finally submitted complete particulars of payments made to expatriates abroad in its letter dt. 31st Jan., 1996, and also agreed to pay the short tax deducted. The tax deductor finally in its letter

Britannia Industries Ltd. Vs. Commissioner of Income Tax, West Bengal, ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28, 30 to 36, 37, 37(1), 37(3), 37(4), 37(5) and 80B; Finance Act, 1964 - Sections 37(3); Finance Act, 1970; Finance Act, 1997; Finance Act, 1983 - Sections 37

Reported in : AIR2005SC4333; (2005)198CTR(SC)313; [2005]278ITR546(SC); JT2005(12)SC98; 2005(8)SCALE148; (2006)1SCC646

(5) of the Income Tax Act, 1961, Section 37 (3) of Finance Act 1964 and Section 37 of Finance Act 1983 - Dispute with regard to disallowance of a sum of Rs. 31,38,017 for the assessment year 1994-1995, which

Commissioner of Income-tax Vs. Agricultural Produce and Market Committ ...

Court : Mumbai

Subject : Direct Taxation

Acts : Agricultural Produce Marketing (Regulation) Act, 1963 - Sections 29, 31, 36, 37 and 52A; Income Tax Act, 1961 - Sections 2(15), 10(20), 11, 12, 12A, 12AA, 80G and 260A; Finance Act, 2002; Bombay Shops and Establishment Act, 1948 - Sections 2(4); Income Tax Act, 1922 - Sections 4(3); Companies Act, 1956 - Sections 25; Finance Act, 1983

Reported in : (2007)210CTR(Bom)386; [2007]291ITR419(Bom)

other object of general public utility not involving the carrying on of any activity for profit'. By the Finance Act, 1983 with effect from April 1, 1984, Legislature has omitted the words 'not involving the carrying on of any … Government may, from time to time, notify in the Official Gazzette (hereinafter referred to as the 'notified produce').16. Section 31 of the 1963 Act empowers the assessees to levy and collect fees in the prescribed manner at such

Commissioner of Income-tax Vs. Gujarat Maritime Board

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(31), 2(15), 11, 11(4A), 12, 12A, 12AA, 12AA(1) and 13; Gujarat Maritime Board Act, 1981; Finance Act, 1983

Reported in : (2007)208CTR(Guj)439

of general public utility is also charitable purpose. The above definition of 'charitable purpose' is modified by the Finance Act, 1983, with effect from April 1, 1984. Before the above amendment, the purpose, i.e., advancement of any other object … Appellate Tribunal was right in law in holding that Gujarat Maritime Board fulfills the conditions as envisaged in Section 12AA of the Income-tax Act, 1961, which are necessary for its registration under Section 12A of the said

Tulsidas V. Patel (P.) Ltd. Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1998)65ITD287(Mum.)

Act shall be so construed as to be in conformity with the provisions of section 40 of the Finance Act, 1983. Section 2(e) of the Wealth-tax Act is one such provision which should be read only in conformity with the … and it relates to asstt.year 1990-91. The assessee is a private limited company. The relevant valuation date was 31-3-1990. It filed wealth-tax return on 20-9-1991 returning a net wealth of Rs. 2 lakhs. The assessee has three