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Cit Vs. R.T. Lawrence

Court : Allahabad

Subject : Direct Taxation

Reported in : [2005]144TAXMAN168(All)

and in the circumstances of the case, the Tribunal was right in holding that the Explanation inserted by Finance Act, 1983 with effect from 1-4-1979 to section 9(1)(ii) could not be applied to assessment earlier to the assessment year … the case, the Tribunal was right in holding that living allowance was not income liable to tax under section 56 as income from other sources?'2. The assessment year 1978-79 is involved in the present case, the facts of

Commissioner of Wealth-tax Vs. Kodaikanal Club

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1983 - Sections 40, 40(1), 40(6) and 40(7); Wealth Tax Act, 1957 - Sections 2, 3 and 21AA; Finance Act, 1960 - Sections 13; Societies Registration Act, 1860; Income Tax Act, 1961 - Sections 2(17) and 2(18)

Reported in : (2003)181CTR(Mad)534; [2003]260ITR617(Mad)

the assessee-club became inexigible to wealth-tax from the assessment year 1974-75 onwards. However, by Section 40 of the Finance Act, 1983, the levy of wealth-tax on closely held companies was revived. Hence, the assessee-club by its representation dated January … Wealth-tax Officer completed the assessment under Section 16(3) of the Act and assessed to a tax of Rs. 56,666.4. On appeal, the Commissioner of Wealth-tax (Appeals) upheld the view of the Wealth-tax Officer that the assessee was

Commissioner of Wealth Tax Vs. Mohan Exports India P. Ltd.

Court : Delhi

Subject : Direct Taxation

company for any financial year commencing on or after 1st April 1960 . This position changed with the Finance Act, 1983. Section 30 of the said statute provided for the revival of the levy of wealth tax in the case … Assessee from flats in a building in Bombay was taxable under the head income from other sources under Section 56 of the IT Act and not income from house property under Section 22 of the IT Act. The

income-tax Officer Vs. R.T. Lawrence

Court : Income Tax Appellate Tribunal ITAT Allahabad

Subject : Direct Taxation

Reported in : (1986)15ITD490(All.)

in India shall be deemed to accrue or arise in India. An Explanation has been added by the Finance Act, 1983, with effect from 1-4-1979. This Explanation states that for the removal of doubts, it is hereby declared that … 106 per calendar day. The ITO held that it was taxable in the hands of the assessees under Section 56 of the Act as income from other sources. In support of his case, he observed that the living

Commissioner of Income-tax and anr. Vs. C.L. Gupta and Sons

Court : Allahabad

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 28 and 43B; Finance Act, 1983

Reported in : (2003)180CTR(All)530; [2003]259ITR513(All)

previous year in which such sum is actually paid by the assessee. This section was inserted by the Finance Act, 1983, and given effect from April 1, 1984. It was enacted to curb the practice of taxpayers, who on

Shree Fats and Proteins Ltd. Vs. Union of India (Uoi) and ors.

Court : Rajasthan

Subject : Sales Tax

Acts : Finance Act, 2000 - Sections 119 and 120; Central Sales Tax Act, 1956 - Sections 9, 9(2), 9(2A) and 9(2B); Rajasthan Sales Tax Act, 1994 - Sections 29, 37, 53, 58, 70 and 70(2); Rajasthan Sales Tax Act, 1954 - Sections 12; Kerala General Sales Tax Act, 1963 - Sections 23(3); Constitution of India - Articles 14, 19 and 19(1)

Reported in : [2006]146STC310(Raj)

numbering 29, the petitioners have challenged the provisions of Sub-clause (2)(d) of the validation Clause 120 of the Finance Act, 2000 (Act No. 10 of 2000) be declared to be violative of Articles 14 and 19(l)(g) of the … 2000) be declared to be violative of Articles 14 and 19(l)(g) of the Constitution of India and of Section 9(2B) of the Central Sales Tax Act, 1956. The challenge to the validity of the aforesaid provisions is … then submitted that the consideration of this Court with reference to Section 56(1) of the Act of 94 read with Rule 35 of the Rules,

Emalahleni Local Municipality and Another Vs. Propark Association and ...

Court : South Africa Supreme Court of Appeal

Subject : Land Acquisition

relevant provisions of the Transvaal Local Government Ordinance 17 of 1939 (LGO) and the Local Government : Municipal Finance Management Act 56 of 2003 (MFMA) before it sold or alienated a portion of Stand 2243 Witbank Extension … and (ii) published in a newspaper in accordance with section 91 of the Republic of South Africa Constitution Act, 1983; in which any person who wishes to object to the exercise of such power, is called upon to

Gujarat Fluoro Chemicals Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

business expenditure liable to deduction for the purpose of computing the business income. Section 43B inserted by the Finance Act, 1983, by way of a special provision stipulated that deduction would be allowed in respect of such expenditure only … receipts by an assessee from deposits could only be taxed under the head "income from other sources" under Section 56 of the IT Act. The income received by an assessee had to be treated under one or other

Gujarat Fluoro Chemicals Ltd. Vs. Joint Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2002)76TTJ(Ahd.)313

business expenditure liable to deduction for the purpose of computing the business income. Section 43B inserted by the Finance Act, 1983, by way of a special provision stipulated that deduction would be allowed in respect of such expenditure only … receipts by an assessee from deposits could only be taxed under the head "income from other sources" under section 56 of the Income Tax Act. The income received by an assessee had to be treated under one or

Assistant Commissioner Of Income Tax (exemptions) Vs. Ahmedabad Urban ...

Court : Supreme Court of India

Subject : Land Acquisition

The judgment in Surat Art Silk .................................................................................................................. 11 D. Relevant changes brought about to the IT Act, 1961 (Finance Act, 1983 and 1991) ............................... 17 E. The judgment in Thanthi Trust .................................................................................................................. 18 F. Deletion of certain exemptions: Section … @ Diary No(s). 15525/2019; C.A. No._____/2022 @ SLP(C) No.30597/2018; C.A. No._____/2022 @ SLP (C) No._____/2022 @ Diary No(s). 5683/2019; C.A. No._____/2022 2 @ SLP (C) No._____/2022 @ Diary No(s). 15488/2019; C.A. No._____/2022 @ SLP (C) No._____/2022 @