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Radheshyam Rajendra Prasad and ors. Vs. State of Assam and ors.

Court : Guwahati

Subject : Sales Tax/VAT

it, whereas Chapter II of the Act dealt with the sales tax concession in respect of raw materials, Chapter III thereof incorporated amendments to the existing sales tax laws for providing sale/purchase tax concession in respect of finished … notification issued by it on April 2, 1994 in exercise of power under Section 7 of the Bihar Finance Act, 1981, limiting the facility to those industrial units which had not availed any such benefit on the earlier … of the levy is ex facie in contravention of the policy and the Assam Industries (Sales Tax Concessions) Act, 1986 (hereinafter referred to as, 'the Act'). In the corresponding writ petitions, the petitioners are the holders of the

Musthafa Ummer and anr. Vs. Appropriate Authority and ors.

Court : Kerala

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 269UC, 269UD and 269UD(1A); Constitution of India - Article 14

Reported in : (2002)173CTR(Ker)402; [2002]254ITR134(Ker)

considering the validity of the various provisions in Chapter XX-C inserted in the Income-tax Act, 1961, by the Finance Act, 1986. While considering the scope of Section 269UD(1), the apex court held as follows (page 553): 'In the light … the appropriate authority within 15 days from the date of receipt of the order. Another letter dated March 3, 1999, was also served on the petitioners as well as to the company by the appropriate authority to

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 permission of the first petitioner, the second petitioner carried out certain alterations to the building in question. 3. It is stated that in pursuance of the statement filed in Form No. 37-I under Chapter XX-C of

Agassi (Respondent) Vs. Robinson (Her Majesty's Inspector of Taxes) (A ...

Court : House of Lords

Subject : Land Acquisition

not matter whether section 555(2) contains any implied territorial limitation (see e.g. paragraph 23 of its summary submissions). Chapter III of the 1988 Act, containing sections 555 to 557 and consolidating Schedule 11 of the Finance Act 1986, … activity carried out by them within the United Kingdom. The relevant statutory provisions were first enacted in the Finance Act 1986, section 44, and Schedule 11 to that Act under which the 1987 Regulations were made. The 1988 Act

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 … average advances made by such branches, computed in the prescribed manner. ' 3. Section 36(1) (vii) and (viia) as it stood after the amendment made

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 … aggregate average advances made by such branches, computed in the prescri ' 3. Section 36(1) (vii) and (viia) as it stood after the amendment made

Doom Dooma Tea Co. Ltd. Vs. Commissioner of Income-tax

Court : Guwahati

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 37 and 40; Companies (Profits) Surtax Act, 1964

Finance Act XXIII of 1986. The surtax is discontinued for and after the assessment year 1988-89 under the Finance Act, 1986. 3. The income-tax was levied at first in 1886. In that Act, no distinction was drawn of sources … for and after the assessment year 1988-89 under the Finance Act, 1986. 3. The income-tax was levied at first in 1886. In that Act, no … Income-tax Act was promulgated, the provisions of the 1920 Act were incorporated in Sections 55 to 58 in Chapter IX of that Act. In these sections, super-tax was levied and quantified separately from the income-tax. This pattern

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 … and Exclusive Economic Zone of India, for the purposes mentioned in column 3 of the Table. It was contended that the service provided by 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 … 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 … etc. It has the following units for manufacturing the above items : 3. Search and seizure action was taken under section 132 against the assessee

Manish Kumar Vs. Union Of India

Court : Supreme Court of India

Subject : Land Acquisition

in control of the corporate debtor to a person, or sale of liquidation assets under the provisions of Chapter III of Part II of this Code to a person, who was not- 7 (i) a promoter or in … petitioners are money lenders, that is, they have stepped in to provide finance for the real estate projects. They are also visited with the requirement … Development Bill was introduced in the Rajya Sabha in 2013. Noticing the fact that though the Consumer Protection Act, 1986 is available as a Forum in the real estate market for the buyers, the recourse is only curative