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Hindustan Tools and Forgings Vs. Collector of Central Excise

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Excise

Reported in : (1990)(26)ECC205

+ Rs. 1,11,678.20 SED) as per Notification No. 209/83, dated 1-8-1983 as amended and Section 53 of the Finance Act, 1984. Further, a quantity of 18.075 M.T. of goods lying in the forging section of the factory for conversion

In Re: Commercial Ahmedabad Mills Co. Ltd.

Court : Gujarat

Subject : Company

Acts : Companies Act, 1956 - Sections 4, 4(1), 53(2) and 536(2)

Reported in : [1986]60CompCas717(Guj)

that the present application is merely a camouflage and that the promoters are financially sound enough to canalise finance from any other source. But instead of doing so, they are resorting to the present modus operandi of … company was compelled to close down its textile unit on May 19, 1984. At that time, the company was giving employment to about 2,300 workers, … S.B. Majmudar, J.1. This application is moved under section 536(2) of the Companies Act, 1956, by the Commercial Ahmedabad Mills Co. Ltd. for getting clearance from this court regarding certain borrowings, advances, … S.B. Majmudar, J.1. This application is moved under section 536(2) of the Companies Act, 1956, by the Commercial Ahmedabad Mills Co. Ltd.

Zuari Estate Development and Investment Co. (P) Ltd. Vs. J.R. Kanekar, ...

Court : Mumbai

Subject : Direct Taxation

Reported in : [2004]139TAXMAN209(Bom)

Tax Act when entered into. Section 2(47) of the Income Tax Act came to be amended by the Finance Act, 1987 with effect from 1-4-1988. Two sub-clauses were added, namely, (v) and (vi) of which sub-clauses (v) of … sell coupled with possession as contemplated in section 53A is done in 1984 when the sub-clause (v) was not on the statute, the question of … submitted that by virtue of amendment to section 2(47) introducing clause (v) with effect from 1-4-1988, transactions under section 53 A of the Transfer of Property Act, have been included in the definition transfer in relation to capital

Plasticotes Investments Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1992)40ITD332(Mum.)

flats in Anand Kamal are let out to the director of the assessec-company.3. By Section 40 of the Finance Act, 1983, the levy of wealth-tax was revived in the case of closely held companies. In its return of … v. CWT [1977] 108 ITR 104 (All.), Banarsi Debi v. ITO [1964] 53 ITR 100(SC) and CIT v. Prayagtal Agarwala & Co. [1986] 162 ITR … in these appeals filed by the assessee. The assessee is a closely held company. The assessment years are 1984-85 to 1987-88 and the relevant valuation dates are 31st of December, 1983/84/85 & 86 respectively.2. The assessee is

Prakash Talkies (P.) Ltd. Vs. First Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT

Subject : Land Acquisition

Reported in : (1989)28ITD213(Bang.)

87 of the Finance Act, 1988 reads as follows (171 ITR Statutes 53 at page 89) : 87. Amendment of Act 11 of 1983.-In Section … further appeal before us, it was contended on behalf of the assessee that under Section 40(3)(IV) of the Finance Act, 1983 which is to be read as part of the Wealth-tax Act, plant and machinery are not chargeable … the assessee is not chargeable to wealth-tax.2. The assessee is a private limited company. For the assessment years 1984-85 and 1985-86 corresponding to the valuation dated 31-3-1983 and 31-3-1984 respectively, the assessee filed returns declaring net wealth

Commissioner of Income-tax, Faridabad Vs. Kapil Kumar Agarwal

Court : Punjab and Haryana

Subject : Direct Taxation

computed as per clauses (a) and (b) of sub section (1) of Section 54F of the Act. 11. Finance Act, 1987 had inserted sub section (4) of Section 54F of the Act effective from 1.4.1988. According to sub … provisions expires. In such cases, the threshold deduction of ten thousand rupees as well as the deduction under section 53 will not be admissible. Further, the tax payer shall be entitled to withdraw such amount in accordance with … the case of K..C. Gopalan's case (supra) was for the assessment year 1984-85 whereas the amendment was brought in the provisions of capital gains in

Bapuji Educational Association Vs. State Overruled

Court : Karnataka

Subject : Constitution

Acts : Karnataka Educational Institutions (Prohibition of Capitation Fee) Act, 1984 - Sections 2, 2(9), 3, 4(2), 5, 5(1), 5(5), 6(1), 6(2) and 9; Constitution of India - Articles 14, 19, 19(1), 19(6), 21, 30, 31A, 31A(1), 31C, 39, 226, 300 and 300A

Reported in : AIR1986Kant119

a Medical College, and it is well known that it requires considerable finance to maintain such an institution. If the State has to spend money … colleges in the State, have questioned the constitutional validity of the Karnataka Educational Institutions (Prohibition of Capitation Fee) Act, 1984 ('the Act' for short) and orders issued thereunder, the following main question arises forconsideration :Where the fundamental rights … equipment and financial resources are brought into existence, the affiliation to the concerned UniverUniversity has to be granted.36. Section 53 of the Karnataka State Universities Act prescribes the conditions for grant of affiliation. Relevant part of it reads.'53.

Shaji Poulose Vs. The Institute Of Chartered Accountants Of India

Court : Supreme Court of India

Subject : Land Acquisition

Later, the provision for compulsory audits found favour with the Parliament and was inserted by the Parliament through Finance Act, 1984. The then Finance Minister, while introducing the budget through the Finance Bill, 1984 stated in Parliament as under: … numerical restriction on the maximum number of tax audits that could be accepted by a Chartered Accountant, under Section 44AB of the 1961 Act, in a Financial Year by way of a Guideline?. Re: Point No.2: Whether … of TARs Total Number of Percentage of issued Accountants Total Accountants 1-45 53,463 81.13 46-100 10,838 16.45 101-200 1,364 2.07 201-300 166 0.25 301-400 45

Arvind Metal Industries Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (1992)41ITD375(Ahd.)

trusts which was claimed as deduction in the Profit & Loss account.2.1 Section 40A(9) was inserted by the Finance Act, 1984 with retrospective effect from 1-4-1980 which provided that no deduction shall be allowed in respect of any sum … Ltd. Welfare Trust of Rs. 26,386 and Arvind Metal Industries Staff Welfare Trust of Rs. 27,377, totalling Rs. 53,763. The brief facts relating to aforesaid disallowance are that the appellant had settled an amount of Rs. 1000

Maruti Udyog Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2005)92ITD119(Delhi)

The legislature made retrospective amendment to Section 28 of the Act by inserting Clauses. (iiia) to (iiic) by Finance Act, 1990 w.e.f. 1st April, 1962, Thus, income by way of duty drawback became taxable income by virtue of … 162 ITR as under: "The petitioner's chartered accountant, thereafter, wrote a letter to the respondent on 20th Dec, 1984. Along with the said letter, he submitted a statement showing the total customs duty actually paid as Rs. … judgment of Supreme Court in Padma Sundra Rao v. State 2002 SCC 533. Hence, the judgment of Andhra Pradesh High Court cannot be relied on