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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

M/s. Sundaram Finance Limited Vs. The Deputy Commissioner of Income Ta ...

Court : Chennai

Subject : Direct Taxation

on the provisions of the Finance Act, 1987 contained in Circular No.495 dated 22.9.1987 states that under the Finance Act, 1986, deduction under Section 32-AB was allowed after setting off business loss if any, brought forward from earlier years … was left with a positive income or not. If the deductions to be made under various provisions from Section 30 onwards, lead only to a negative income that could be chargeable to tax under the head "Profits and

Bangalore Turf Club Ltd. Vs. Union of India

Court : Karnataka

Subject : Direct Taxation

Minister made a speech on the Floor of Parliament making it explicitly clear and indicating thereunder that by Finance Act , 1986 Section115BB has been inserted to provide gross winnings from lotteries, crossword puzzles, races including horse races (other than … revenue, petitioner is required to deduct tax at source under section 194B. 30. The Apex Court in Akhil Bharatiya Soshit Karamchari Sangh (Railway) v. UOI … (5) Declare that Stake Money paid by the petitioner cannot be construed as winnings from games as per Section 194B of the Act. (6) Declare that the correct provision applicable in the present case is the Board

Bangalore Turf Club Limited Vs. Union of India

Court : Karnataka

Subject : Education

Minister made a speech on the Floor of Parliament making it explicitly clear and indicating thereunder that by Finance Act , 1986 Section115BB has been inserted to provide gross winnings from lotteries, crossword puzzles, races including horse races (other than … whereunder Section 194BB was introduced to entail deduction of tax at source 30 specifically on “winnings from horse races” and draws the attention of this … any sort as per Sec. 194B of the Income Tax Act and consequently hold that the provisions of section 194B are not applicable to the petitioners. W.P.NO.6674/2013 BETWEEN: M/s Mysore Race Club Limited A company incorporated under

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 … decision of the Bombay High Court in the case of CIT v. Filmistan Ltd. : [1958]33ITR334(Bom) wherein section 30(1) and the first proviso to section 30(1) had been considered. It was held that if tax was paid

State Of Jharkhand And Ors. Etc Vs. Linde India Ltd And Anr Etc

Court : Supreme Court of India

Subject : Education

the present appeals in nutshell are as under: A certificate (Form VI-B) under Section 6 of the Bihar Finance Act, 1957 was issued in the name of erstwhile India Oxygen Limited, which was subsequently re-named as Linde India … the High Court has allowed the said writ petitions and has quashed and set aside the order dated 30.03.2015 passed by the Commercial Taxes Tribunal, Ranchi and 1 has also interfered with the concurrent findings of fact

Seshasayee Paper and Boards Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (2003)84ITD707(Mad.)

brought forward investment allowance in preference to unabsorbed depreciation. Sri Suryanarayanan submitted that Section 32A was inserted by Finance Act, 1976, w.e.f.1st April, 1976, and that the scope and effect of Section 32A had been elaborated in the … only if the prescribed particulars had been furnished, was deleted by the Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986, w.e.f. 1st April, 1988. In the present case, the dispute is not regarding the allowance of depreciation and … were to be computed in accordance with the provisions contained in Sections 30 to 43A and so all the deductions and allowances referred to in

Commissioner of Income Tax-i Vs. Vardhman Polytex Limited

Court : Punjab and Haryana

Subject : Direct Taxation

Reported in : (2008)214CTR(P& H)561; [2008]300ITR186(P& H)

of actual cost of an asset. Explanation 8 to Section 43(1) of the Act was added by the Finance Act, 1986 w.e.f. 1.4.1974. The object of the said amendment as contained in the Finance Bill, 1986 as it appeared … and Weaving Mills Limited and Commissioner of Income Tax-1, Chandigarh v. Punjab Alkalies and Chemicals Ltd., Chandigarh (2006) 30 ITR 247 by a Bench consisting two of us (Adarsh Kumar Goel and Rajesh Bindal, JJ). The order

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

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 … members of the first respondent-appropriate authority have inspected the property on October 30, 1999, and December 3, 1999. Thereafter basing on the valuation by the … 15 per cent., therefore, it issued notices dated December 20, 1999, to the petitioners calling for objections under Section 269UC of the Act, initiating proceedings for pre-emptive purchase in exercise of the powers conferred on the first