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Reliance Industrial Infrastructure Ltd. Vs. Jt. Cit

Court : Mumbai

Subject : Direct Taxation

Reported in : (2002)75TTJ(Mumbai)606

is only with effect from assessment year 1997-98 that the new provisions of section 145(2) substituted by the Finance Act, 1995, have come into operation which alone have empowered the Central Government to notify Accounting Standards to be … to the Maharashtra Sales Tax on the Transfer of the Right to use any Goods for any Purpose Act, 1985. It is pointed out that levy of lease tax is under section 4 of the above Act, which … ITR 218, Industrial Machinery Mfg. (P) Ltd. v. CIT (1993) 203 M 442 (Guj), CIT v. O.E.N. India Ltd. (1995) 213 ITR 718 and CIT

Federation of Hotels and Restaurants Association of India and Others V ...

Court : Delhi

Subject : Service Tax

duties or cess paid on any goods classifiable under Chapters 1 to 22 of the Central Excise Tariff Act, 1985 (5 of 1986). 17. These further changes by the Finance Act, 2012 have also been challenged in the … 226 of the Constitution of India is to the constitutional validity of Section 65 (105) (zzzzv) of the Finance Act 1994 (FA) whereby the provision to any person by a restaurant, by having the facility of air-conditioning in … or service could be for cash, deferred payment or other valuable consideration. 44. If the above three elements are present then such transfer, delivery or

Reliance Industrial Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

is only with effect from asst. yr. 1997-98 that the new provisions of Section 145(2) substituted by the Finance Act, 1995, have come into operation which alone have empowered the Central Government to notify Accounting Standards to be … to the Maharashtra Sales Tax on the Transfer of the Right to use any Goods for any Purpose Act, 1985. It is pointed out that levy of lease tax is under Section 4 of the above Act, which … 218 (Cal), Industrial Machinery Mfg. (P) Ltd. v. CIT (1993) 203 ITR 442 (Guj), GIT v. O.E.N. India Ltd. (1995) 213 ITR 718 (Ker) and

Comptroller of Income Tax Vs. Aqq and Another

Court : Singapore Supreme Court

Subject : Land Acquisition

exception in s 33(2) also bears more than a passing resemblance to s 28 of the United Kingdom Finance Act 1960 (c 44) (UK) ("the Finance Act 1960"). 39. As noted above, it had been envisaged at the … 33 ("the old s 33") of the Income Tax Act (Cap 134, 1985 Rev Ed), which stated as follows: Comptroller may disregard certain transactions and … this sum was effectively returned to N Bank on the same day, albeit following a circuitous route. The section 44 accounts 12. The corporate taxation regime prior to 2003 under ss 44 and 46 of the Act as

National Agro Service Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (1990)34ITD506(Pune.)

of the Income-tax Act, 1961 which was required to be annexed to the return.This requirement was introduced by Finance Act, 1988 with effect from 1-4-1989 by inserting Clause (bb) in the said Explanation. In the circumstances, therefore, he … the Explanation under proviso to Sub-section (9) of Section 139 is absence of report of audit obtained Under Section 44 AB of the Income-tax Act, 1961 which was required to be annexed to the return.This requirement was introduced … follows the year ending on 3rd April and for the assessment year 1985-86 the accounting year ended on 3-4-1984. It filed return on 29-3-1986 admitting

In Re: U.P. Cement Corporation Ltd. (In Liquidation)

Court : Allahabad

Subject : Company

Acts : Companies Act, 1956 - Sections 443, 446, 457, 457(1), 466, 643(1) and 643(2); Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 20 and 20(1); Recovery of Debts Due to Banks and Financial Institutions Act, 1993; Companies (Court) Rules, 1959 - Rules 272 to 274

Reported in : [2002]112CompCas562(All)

directed to submit rehabilitation proposal with the help of Tata Consultants within two months indicating the means of finance. No proposal was received by the Board within the time indicated. By the same order of the BIFR … of India, Allahabad Bank and IDBI were directed under Section 21 of the Sick Industrial Companies (Special Provisions) Act 1985, to prepare a complete inventory of all assets and liabilities and lists of registers/records/documents of shareholders and creditors … listing the matter for orders for appointment of liquidator. An Application No. 44062 of 1998 was filed by the company on 27-7-1998 through its counsel

Ved Prakash Agarwal Vs. Rama Petrochemicals Ltd.

Court : Mumbai

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 22 and 22(1); Sick Industrial Companies (Special Provisions) (Amendment) Act, 1994

Reported in : 2004(3)ALLMR5; IV(2004)BC232; 2004(4)BomCR578; [2004]122CompCas8(Bom); 2005(1)MhLj599; [2004]56SCL116(Bom)

the guarantor (appellant) in view of the provisions of Section 22(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as 'SICA'). However, in this appeal, it has been additionally argued that the lease finance … Police Officer without an order from a Magistrate and without a warrant. A distinct and different power under Section 44 of the Code empowers the Magistrate to arrest or order any person to arrest the offender. Under Section

State of Rajasthan Vs. Uka and ors.,

Court : Rajasthan

Subject : Tenancy

12. The Act of 1974 undergone certain important amendments under the Rajasthan Agricultural Credit Operations (Removal of Difficulties)(Amendment) Act, 1985 with additional statement of objects and reasons, as follows:In order to facilitate adequate flow of credit by commercial … members of scheduled castes and scheduled tribes- Notwithstanding anything contained in Sections 44, 45 and 46, no person who is a member of a scheduled … shown that there are certain provisions therein which inhibit the entry of commercial Banks into the field of financing of agriculture. It will, therefore, be necessary to modify these laws for the purpose of enabling commercial banks … of the Act of 1955 is to safeguard the interest of weaker sections of the society. Sections 42, 46-A and 49-A of this Act restrict

Sri Gadadhar Ramanuj Das and ors. Vs. the Province of Orissa and anr.

Court : Orissa

Subject : Civil

Acts : Government of India Act, 1935 - Sections 100; Orissa Hindu Religious Endowments Act, 1939 - Sections 6(12), 49 and 49(1)

Reported in : AIR1950Ori47

Basu then relied on In re A reference under the Government of Ireland Act, 1930 and Section 3, Finance Act (Northern Ireland) 1934, (1936) A. c. 352. But that decision is of no help in deciding the main … B. N. A. Act and cannot be an authority for the view that in the Government of India Act, 1985 also (where there are express provisions indicating a contrary view) a 'fee' may be raided for revenue purposes … the exclusive right oflegislation over charges imposed on the people(Standing Order No. 44 of the House ofCommons (Public Business) 1936). What theCommons meant by the

M/S Kelvinator of India Ltd. Vs. the Commissioner of Income Tax and or ...

Court : Delhi

Subject : Direct Taxation

u/s 43B Disallowance of depreciation and investment allowance on account of retrospective amendment of section 43(1) by the Finance Act, 1986. Excise Duty reconcilable account which had resulted in excess debit of Excise Duty to the profit and … Commissioner of Income-tax by an order dated Nil communicated through letter dated 07.09.1989, the relevant assessment year being 1985-86. The petitioner preferred a revision petition under section 264 against the said order before the Commissioner of Income-tax