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Mrs. Catherine Thomas Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2008)116TTJ(Coch.)797

following submissions : It was argued that the legislature while inserting Sub-section (5) in Section 45 through the Finance Act, 1987 w.e.f. 1st April, 1988 did not provide for cases where enhanced compensation was reduced by any Court, … sq. ft. of building under the Land Acquisition Act. The Government acquired the said property on 10th July, 1986 and taken the possession on 10th Sept., 1986. The Tehsildar passed the land acquisition (LA) award on 10th … has challenged the impugned orders of the CIT (A)-I, Kochi, all dt. 16th Dec, 2004 for the asst.yrs. 1987-88, 1988-89, 1990-91, 1991-92 and 1992-93. The

Mrs. Catherine Thomas Vs. the Dy. Commissioner of

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2008)111ITD132(Coch.)

the following submissions: It was argued that the legislature while inserting Sub-section (5) in Section 45 through the Finance Act 1987 with effect from 1-4-1988 did not provide for cases where enhanced compensation was reduced by any courts … relation to the statement given in 1985. The assessee also explained that he had sufficient money also in 1986-87. The AO made the addition based on the admission of the assessee in the sworn statement recorded during … challenged the impugned orders of the Commissioner of Income-tax(Appeals)-I, Kochi all dated 16-12-2004 for the Assessment Years 1987-88,1988-89, 1990-91, 1991-92 and 1992-93. The facts as

Wellpoint Systems (P.) Ltd Vs. Inspecting Assistant Commissioner.

Court : Delhi

Subject : Direct Taxation

Reported in : [1989]30ITD236(Delhi)

in this appeal relates to the claim ability of deduction under section 32AB which was inserted by the Finance Act, 1986 with effect from 1-4-1987. That provision is to the effect that where an assessed whose income includes income

Travancore Electro-chemical Industries Ltd. Vs. Commissioner of Income ...

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 37, 80J, 214 and 246; Surtax payable under Companies (Profits) Surtax Act, 1964; Finance Act, 1974 - Sections 16

Reported in : [1995]214ITR195(Ker)

facts and in the circumstances of the case, and also on an interpretation of Section 16(c) of the Finance Act, 1974, is the assessee entitled to development rebate on the eight items listed in paragraph 2 of the

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 … 30, 1986. The Central Board of Direct Taxes issued Circular No. 455 (see : [1986]159ITR105(Cal) ) dated May 16, 1986, which stated that with effect from April 1, 1986, the acquisition proceedings will not be initiated under

D.L.F. United Ltd. Vs. Commissioner of Income-tax

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(1), (1A) and (14), 28, 40 and 64

Reported in : (1995)129CTR(Del)33; [1996]217ITR333(Delhi)

of the Explanationn to the definition of agricultural income in section 2(1A) of the Income-tax Act by the Finance Act, 1989, with retrospective effect from April 1, 1970, makes a difference to the approach to the answer to … facts and in the circumstances of the case, the compensation amounts of Rs. 70,371, Rs. 11,656 and Rs. 16,23,117 received by the assessed for the assessment years 1967-68, 1968-69 and 1969-70 for acquisition of its lands by

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 … for the period in dispute:-YearsTowerShelterOthersTotal2004-05174368801478938Chair - 298,738Printer - 1,224,53720,439,1002005-0644142943 441429432006-071591920315384719 313039222007-082658803428174029 54762063Total104087060450376861523282150648028 16. Mr. Sridharan, learned Senior Counsel on behalf of the Appellant has made

ScIndia Steam Navigation Company Limited Vs. Sam Rustomji Lakdawala an ...

Court : Mumbai

Subject : Constitution

Reported in : (1994)96BOMLR976

Oil and Natural Gas Commission the Life Insurance Corporation and the Industrial Finance Corporation could be described to be 'authorities' within the meaning of Article … learned Judge of this Court contending that consequent upon the enactment of the Shipping Development Fund Committee (Abolition) Act, 1986 ('Act', for short) and its imposition upon the Company with effect from April 3, 1987 it became a … the second respondent emphasises the special character of this Government Company. Equally unique is the protection conferred by Section 16 on the Government Company and its officers and employees 'for anything which is, in good faith, done or

industrial Finance Corporation of India and anr. Vs. Maharashtra Steel ...

Court : Allahabad

Subject : SICA

Acts : Industrial Finance Corporation Act, 1948 - Sections 30; Sick Industrial Companies (Special Provisions) Act, 1986 - Sections 15, 16, 16(2) and 22

Reported in : AIR1988All170; [1990]67CompCas412(All)

- sale of mortgaged property - Section 30 (3),15, 16 and 22 of Sick Industrial Companies (Special Provisions) Act, 1986 - petitioner applying for sale of property under Section 30(3) - conditions necessary for passing Order under Section … Mishra, J.1. Heard the learned counsel for the parties.2. The present application has been moved by the Industrial Finance Corporation of India, a body corporate established under the Industrial Finance Corporation Act, 1948 (Act No. XV of

Mithila Motors (P) Ltd. Vs. State of Bihar and ors.

Court : Patna

Subject : Sales Tax

petitioner has challenged the orders passed by the Respondents imposing penalties under Section 25 (3) of the Bihar Finance Act, 1981 (hereinafter referred to as the Act) and/or penalties imposed by the Respondents under Section 16 (9) of … when the Respondents disagreed for instalments.The petitioner thereafter again moved this Court by filing C.W.J.C. No. 2176 of 1986 praying therein for direction to the Respondents for recovery of Sales tax 'Surcharge' by way of instalments. Vide