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South Indian Bank Ltd. Vs. Cit

Court : Kerala

Subject : Direct Taxation

Reported in : [2003]130TAXMAN749(Ker)

of section 36(1) and clause (v) of section 36(2) were inserted simultaneously with effect from 1-4-1985 by the Finance Act of 1985. Clause (viia) of section 36(1) of the Act, it must be noted, was inserted by Act … such bank, computed in the prescribed manner;Clause (viia) had again undergone a change, by the Income Tax (Amendment) Act, 1986 from 1-4-1987, the relevant portion of which reads as follows :'(viia) in respect of any provision for bad … the total income computed before making any deduction under this clause and Chapter VIA and an amount not exceeding two per cent of the aggregate … per cent of the total income, and (2) an amount not exceeding 2 per cent of the aggregate average advances made by the rural branches,

Commissioner of Income-tax Vs. Export India Corporation (P.) Ltd.

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 269C, 269D, 269F, 269H and 269UD; Finance Act, 1986

Reported in : (1996)133CTR(P& H)224; [1996]219ITR461(P& H)

immovable property after September 30, 1986, and a new Chapter XX-C was introduced in the Act by the Finance Act, 1986, with effect from October 1, 1986. Section 266RR provides that Chapter XX-A will not apply in relation to … the introduction of Chapter XX-A and thereafter of Chapter XX-C in the Act. By a legislation dated March 2, 1970, a committee of experts was constituted by the Government of India to suggest means for tackling the

Indian Drugs and Pharmaceuticals Ltd. Vs. Union of India (Uoi) and anr ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 269UD, 269UD(1) and 269UE(2); Constitution of India; Finance Act, 1986; Public Premises (Eviction of Unauthorised Occupants) Act, 1971; Tamil Nadu Buildings (Lease and Rent Control) Act, 1960

Reported in : [2000]241ITR116(Mad)

unconstitutional and void and it is ultra vires Parliament. According to them, Chapter XXC was inserted by the Finance Act, 1986, with effect from October 1, 1986, and the said Chapter enables the Central Government to purchase immovable properties … the relationship between the landlord and the tenant vests with the State Legislature under entry 18 of List II of the Seventh Schedule to the Constitution. This entry specifically includes the relationship of landlord and tenant which

South Indian Bank Ltd. Vs. Commissioner of Income-tax

Court : Kerala

Subject : Direct Taxation

Acts : Finance Act, 1985; Income Tax Act, 1961 - Sections 36, 36(1) and 36(2)

Reported in : (2003)183CTR(Ker)21; [2003]262ITR579(Ker)

36(1) and Clause (v) of Section 36(2) were inserted simultaneously with effect from April 1, 1985, by the Finance Act, 1985. Clause (viia) of Section 36(1) of the Act, it must be noted, was inserted by Act 21 … the prescribed manner, whichever is higher.' 4. Clause (viia) had again undergone a change, by the Income-tax (Amendment) Act, 1986, from April 1, 1987, the relevant portion of which reads as follows :'(viia) in respect of any provision … the total income (computed before making any deduction under this clause and Chapter VI-A) or an amount not exceeding two per cent, of the aggregate

N. Karuna and anr. Vs. Appropriate Authority and ors.

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 269UA, 269UC, 269UC(1), 269UC(2), 269UC(3), 269UC(4), 269UD, 269UD(1), 269UD(1A), 269UD(1B), 269UF(2), 269UL and 269UL(2); Transfer of Property Act, 1882 - Sections 53A; Registration Act, 1908; Finance Act, 1986

Reported in : [2001]251ITR230(AP)

other law for the time being in force.' 9. Chapter XX-C was inserted in the Act by the Finance Act, 1986, with effect from October 1, 1986. The object and purpose of inserting Chapter XX-C in the Act was … the second respondent and further direct the respondents to forthwith grant a no objection certificate to the petitioners. 2. The facts leading to the filing of this writ petition may briefly be stated as under : The

Parakh Foods Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (1998)64ITD396(Pune.)

as the Budget Speech of Finance Minister in the Parliament and Explanatory Notes on the Finance Bill and Finance Act, 1985. His first contention was that the intention of the Legislature is to assess only undisclosed income as … them have also argued at length on the scope of provisions of Chapter XIV-B. First of all, we will dispose of the legal contentions raised … in dispute.87. We would also like to observe about the Accounting Standard II on which reliance was placed by the assessee's counsel Mr. Khandelwal. On … period consists of previous years 1985-86 to 1994-95 and period from 1-4-1995 to 12-7-1995 relevant to assessment years 1986-87 to 1996-97.2. The assessee is a limited company engaged in the manufacture and sale of food products such

Hiten Rashmikant Mehta and Swati Hiten Mehta Vs. Union of India (Uoi) ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Rules, 1962 - Rule 48DD, 48L and 48L(2); Income Tax (Seventh Amendment) Rules, 1987; Income Tax Act, 1961 - Sections 269A, 269AB, 269AB(1), 269AB(2), 269D(1), 269F(7), 269RR, 269UC, 269UC(3) and 269UD(1); Finance Act, 1986; Transfer of Property Act, 1882 - Sections 53A; Registration Act, 1908

Reported in : (2007)109BOMLR2567; (2008)214CTR(Bom)303; [2009]311ITR212(Bom)

or in relation to the transfer of immovable property made after 30th September, 1986. Simultaneously, by the said Finance Act, 1986, Chapter XX-C was inserted in to the Act w.e.f. 1st October, 1986 empowering the Central Government to purchase immovable … as well as constitutional validity of Rule 48L of the Income Tax Rules, 1962 ('1962 Rules' for short). 2. The challenge to the impugned order dated 15th February, 1993 is two-fold. 50/- each which entitles the holder

M/s. Greatship (India) Ltd. Vs. Commissioner of Service Tax Mumbai-I a ...

Court : Mumbai

Subject : Service Tax

“Supply of Tangible Goods for use” as has been defined under Section 65(105)(zzzzj) of Chapter V of the Finance Act, 1994 (hereinafter referred to as “the said Act”). It is also not in dispute that the appellant has … government of India in the Ministry of External Affairs Nos. S. O. 429 (E) dated the 18th July 1986 and S.O. 643 (E), dated the 19th September,1996 with immediate effect.” Notification No. 21/2009-S.T. Dated 07 Jul 2009 … amended by Notification No.21/2009-ST dated 7.7.2009 and the Notification No.14/2010-ST dated 27.2.2010. 2. The facts which are not in much dispute are as under :-

S.A. Casting Industries (P) Ltd. Vs. Collector of Customs

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Service Tax

Reported in : (1992)(43)LC271Tri(Delhi)

from the whole of the auxiliary duty of the Customs thereon under Sub-section 1 of Section 19 of Finance Act, 1986. There is no dispute that colour scanner, on its merits, falls within Chapter 90 of the Schedule. The … of the classification and the rate of duty of customs applicable to imported goods in terms of Section 2 of the Act. This duty is commonly known as basic customs duty. There are several other duties of

M/s. Bharti Airtel Ltd. Vs. The Commissioner of Central Excise

Court : Mumbai

Subject : Service Tax

amount of Rs.2,04,39,093/- under provisions of Rule 14 of the Credit Rules read with Section 73 of the Finance Act,1994. In respect of towers and parts thereof, prefabricated building, printers and office chairs, the Commissioner observed that the … inputs for manufacture of sanitary-ware. The assessee had claimed the benefit of exemption under a Notification no.217 of 1986. The revenue declined to grant benefit of exemption. The Tribunal had set aside the orders passed by the … in providing output service. Subsequently, information about use of the goods and Chapter heading under the Central Excise tariff was called for from the appellant. … duty paid on tower parts, green shelter, printers and office chairs ? 2. Whether in the facts and circumstances of the case, the Appellate Tribunal