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Her Majesty's Commissioners of Customs and Excise (Appellants) Vs. Zie ...

Court : House of Lords

Subject : Land Acquisition

the 1990 Act. Prior to the abolition of the rating system for domestic properties by the Local Government Finance Act 1988 they would have been entered in the valuation list as a single hereditament. But there is no … of the zero-rating of building works (then in Group 8 of Schedule 5 to the Value Added Tax Act 1983) was cut down by excluding almost all works of alteration (as opposed to construction). But a new Group … scheduled monument within the meaning of the respective legislative provisions then applying. 57. Before that date all alterations to all buildings had been zero-rated, an … accommodation' and meet the other conditions set out in note (2). 2. Section 1 of the Planning (Listed Buildings and Conservation Areas) Act 1990 provides

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 … of the IT Act. Any deduction from such income would have to be considered under the provisions of Section 57 of the IT Act. Clause (iii) of Section 57 contemplates that deduction of expenditure "laid out or expended

In Re: Shams Tabrez Vanti

Court : Authority for Advance Rulings

Subject : Direct Taxation

Reported in : (2005)193CTRAAR481

by Finance Act, 1988 w.e.f. 1st April, 1989, "or interest on securities" is inserted in Clause (i) of Section 57 of the Act, which reads as under: "57(i)-in the case of dividends other than dividends referred to in … profession; E. Capital gains; F. Income from other sources.Head-B, under which interest on securities fell was omitted by Finance Act, 1988 w.e.f. 1st April, 1989. Now, interest on securities is assessable under Section 28(i) where such interest forms … etc.Tuticorin Alkali Chemicals & Fertilizers Ltd. (supra) related to the asst. yr. 1983-84. However, by Finance Act, 1988 w.e.f. 1st April, 1989, "or interest on

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 … the Income Tax Act. Any deduction from such income would have to be considered under the provisions of section 57 of the Income Tax Act.Clause (iii) of section 57 contemplates that deduction of expenditure "laid out or expended

Shams Tabrez Vanti Vs. C.i.T. Ghaziabad

Court : Authority for Advance Rulings

Subject : Direct Taxation

E. Capital gains; F. Income from other sources. Head-B under which interest on securities fell was omitted by Finance Act, 1988 w.e.f. 1.4.1989. Now interest on securities is assessable under section 28(i) where such interest forms part of … Tuticorin Alkali Chemicals and Fertilizers Ltd. (supra) related to the assessment year 1983-84. However, by Finance Act, 1988 with effect from 1st April, 1989 “or … Act, 1988 with effect from 1st April, 1989 “or interest on securities” is inserted in clause (i) of Section 57 of the Act, which reads as under: “57 (i) - in the case of dividends [ other than

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 … of Income Tax v. Andhra Pradesh Road Transport Corporation 1986 (1) SCR570 Queens’s Educational Society v. CIT2015(8) SCC47 572002 (2) SCR74335 10(46). He urged that in terms of Section 11(7)58 the Board has an option to claim

Kanta Mehta Vs. Union of India and Others

Court : Delhi

Subject : Company

Acts : Reserve Bank of India Act, 1934 - Sections 45-I, 45J, 45K, 45L, 45M, 45S, 45S(1), 45S(2), 58A(1), 58A(7), 58A(8), 58B and 58B(5A); Banking Laws (Amendment) Act, 1983 - Sections 10; Constitution of India - Articles 14, 19, 19(1) and 246; Kerala Money Lenders Act; Banking Regulation Act, 1949 - Sections 5 and 8; Banking Regulation (Amendment) Act, 1956 - Sections 12; Banking Regulation (Amendment) Act, 1959 - Sections 17 and 18; Banking Regulation (Amendment) Act, 1968 - Sections 10A and 10A(5); Banking Regulation (Amendment) Act, 1984 - Sections 18, 21, 22(3), 24, 30 and 227; Banking Laws (Miscellaneous Provisions) Act, 1965; Companies Act, 1956 - Sections 58A; Companies (Acceptance of Deposits) Rules, 1975 - Rules 2 and 3; Companies (Acceptance of Deposits) (Amend

Reported in : [1987]62CompCas769(Delhi)

support the necessity for the impugned legislation. The suggestion was made that because of the failure of Sanchaita Finance Firm, resulting in ruination of a large number of depositors as reported in State of West Bengal v. … with section 58B (5A) of the Reserve Bank of India Act, 1934, introduced by the Banking Laws (Amendment) Act, 1983 (Act 1 of 1984) (to be called 'the impugned legislation'). They would be disposed of by this common … to courts without incurring the penalty of having the law declared void.' 57. Also further (page 542) : '...it is unanswerable that between the court

Northern India theatres (P.) Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1993)45ITD310(Delhi)

wealth-tax shall be so construed as to be in conformity with the provisions of Section 40 of the Finance Act, 1983. Section 2(e) is one such provision which should be read only in conformity with the subject code. If while

Jodhan Real Estate Development Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Jaipur

Subject : Land Acquisition

Reported in : (1996)56ITD90(JP.)

the revival of levy of wealth-tax in the case of closely held companies by Section 40 of the Finance Act, 1983, the assessee filed its return of wealth for the assessment year 1984-85 on 30-3-1985 declaring total wealth of … Cinema Land Cinema Constn. Constn. Constn. Rs. Rs. Rs. Rs. Rs. Rs.---------------------------------------------------------------------------1984-85 22,500 25,88,774 39,73,125 25,88,7741985-86 22,500 40,15,482 57,37,500 40,15,4821986-87 32,25,000 1,05,81,875 Set aside1987-88 61,54,000 1,14,63,2501988-89 64,81,000 1,24,40,250---------------------------------------------------------------------------(5) LAND TO THE EAST & WEST OF CIRCUIT HOUSE

Grasim Industries Itd Vs. Deputy Commissioner of Income Tax

Court : Mumbai

Subject : Direct Taxation

Reported in : (1999)64TTJ(Mumbai)357

on entertainment was covered by the provisions of s. 37QB) of the Act with retrospective amendment by the Finance Act, 1983 and nothing more.In the Patna's High Court decision, the question was whether the expenditure on entertainment of foreign … was entrusted to DPGI. The assessee has placed on record certificates that each of the parts like reformer section, carbon dioxide removal section, the process gas heater and all the utility items were set up much before … to be allowed from 'Income from other source' from dividend under s. 57(iii) to work out taxable dividend income6,94,69,6406. Consequently, the AO restricted the deduction