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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 … (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 … case of P.V.Rajagopal v. Union Of India [1998] 233 ITR 678/99 Taxman 475 was examining as to whether the employee after deduction by the employer

Ms.Eid Parry (India) Limited Vs. the Dy. Commissioner of Income Tax

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act - Section 260A, 43(6), 37, 72A, 32A(6)

laws (Amendment and Miscellaneous Provisions) Act, 1986 with effect from 1.4.1988. Explanation 2A was later on inserted by Finance Act, 2000 with effect from 1.4.2000. In the case before us, we are concerned about Explanation 2 only and … holding company and the conditions of clause (iv) or, as the case may be, of clause (v) of section 47 are satisfied; or(b) by the amalgamating company to the amalgamated company in a scheme of amalgamation, and the

Commissioner of Income-tax Vs. Ambalal Kilachand and (Late) Tulsidas K ...

Court : Mumbai

Subject : Direct Taxation

Acts : Finance Act, 1972; Income Tax Act, 1961 - Sections 5, 5(1), 90, 91, 194 and 198

Reported in : (1995)124CTR(Bom)252; [1994]210ITR844(Bom)

U. K. Finance Act, 1965, Sabyasachi Mukharji J. (as he then was) has referred to the provisions of section 47 of the U. K. Finance Act of 1965, which, inter alia, provides that the corporation tax shall not … United Kingdom has undergone some modifications in 1965. There has been a further change by reason of the Finance Act of 1972 of the United Kingdom. In the case of CIT v. Blundell Spence and Co. Ltd. : … in the case of the assessee in Income-tax Reference No. 130 of 1986 where also a similar contention was raised. The Tribunal rejected the stand

i.T.C. Ltd. and Another Vs. Union of India and Anothers

Court : Delhi

Subject : Excise

Acts : Central Excise Act, 1944 - Sections 35A, 35E, 35F and 36; Central Excise Rules - Rule 9B; Constitution of India - Article 226; Finance Act, 1982

Reported in : 1987(30)ELT321(Del)

the amendments were initially proposed in clause 47 of the Finance Bill, 1982, though subsequently enacted into the Finance Act, 1982 we may refer to the provisions of the Finance Bill here. The amendment proposed by clause 47 … This amendment is being given effect to retrospectively from 1st October 1975.' These provisions now find place in Section 47 of the Finance Act, 1982. 17. In view of the above retrospective amendment to the statute, the writ … and the Karnataka High Court in Mangalore Chemicals v. Assistant Collector : 1986(23)ELT48(Kar) . The retrospective amendment not only intends to, but also effectually does,

Bhatia Apartments (Pvt.) Ltd. Vs. Union of India and ors.

Court : Delhi

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 2(47), 269(1), 269(2), 269A , 269AB, 269AB(1), 269C, 269D, 269UA, 269UC, 269UD and 269UD(1); Finance Act, 1986; Income-tax Rules, 1962 - Rule 48L and 48L(2); Code of Civil Procedure (CPC), 1908 - Order I, Rule 10; Transfer of Property Act, 1882 - Sections 53A; Registration Act, 1908

Reported in : [2001]252ITR244(Delhi)

can be acquired is enumerated in different provisions of Chapter XX-A.4. Significantly, Chapter XX-C was inserted by the Finance Act, 1986, with effect from October 1, 1986, vide Notification No. S.O. 480(E), dated August 7, 1986 (see : [1986]162ITR1(MP) … appointed for different areas. By notification dated August 7, 1986, the appointed date was fixed as October 1, 1986. Section 269UC under this Chapter lays down certain restrictions on transfer of immovable property and specifically stipulates that no

Pushpa Sareen Vs. State of U.P.

Court : Allahabad

Subject : Land Acquisition

bench of three Judges is in pursuance of the provisions of Section 57 (1) of the Indian Stamp Act 1899 (Stamp Act). The questions which have been referred to this Full Bench for determination by the Chief … valuation of a free-hold land viz-a-vis lease land; (4) Whether the Collector can demand stamp duty under Section 47-A of the Stamp Act without a finding of fact that the market value as stated in the document

Commissioner of Central Excise Vs. Vapi Paper Mills Ltd.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Subject : Excise

Reported in : (1997)(104)ELT780Tri(Mum.)bai

the effective duty of excise calculated as provided in the Explanation that has to be taken into account. Section 47 of the Finance Act provided that the Explanation shall be deemed to have been inserted from the first … 1. By the Finance Act, 1982 enacted on 11th May, 1982, Explanation was added to Sub-clause (ii) of Clause (d) of Sub-section (4) … all material times." Notice was issued to the assessee on 14th October, 1986 on the assessee demanding duty on the goods cleared from first August

Rakesh Agrawal Vs. Securities Exchange Board of

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Subject : Land Acquisition

at fraud in the traditional sense and finds its UK equivalent in Section 47 of The Financial Services Act, 1986. It came to be applied to insider trading by Courts, through private litigation and then by the SEC … BSE and VSE on October 1, 1996 in this regard; (c) that, in this regard this purchase was financed by the Appellant; (d) while holding that there was requirement to establish "profit" for the purpose of establishing

V.G. Gajjar and ors. Vs. Deputy Commissioner of Wealth Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2005)93ITD624(Ahd.)

assets though in order to know such intention one has to take into consideration the provisions of the Finance Act, 1997, which came into effect from 1st April, 1998. He referred to Section 47 of the IT Act … Act. In this case, the assessee was admitted as a member of Jaipur Stock Exchange on 11th March, 1986, on payment of admission fee of Rs. 2,500. On 21st Aug., 1989, assessee entered into an agreement with

Shantilata Das Vs. Icici Bank Ltd.

Court : National Consumer Disputes Redressal Commission NCDRC

Subject : Education

(Travera) bearing registration no. OR “ 02 AD1710 to maintain his livelihood for a sum of Rs.6,80,850/- availing finance of Rs.5,47,000/- from the respondent “ the Bank. The same had to be repaid in 60 EMIs at … Member Revision petition no. 3544 of 2013 has been filed under section 21 (b) of the Consumer Protection Act, 1986 against the order dated 16.01.2012 of the Odisha State Consumer Disputes Redressal Commission, Cuttack (the State Commission) in