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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

Ashish Developers and Builders (P) Limited and Another Vs. Appellate A ...

Court : Andhra Pradesh

Subject : Property

Acts : Income-tax Act, 1961 - Sections 269-U; Finance Act, 1986; Urban Land (Ceiling and Regulation) Act, 1976 - Sections 4(11); Tamil Nadu Urban Land Ceilling Act - Sections 6

Reported in : 2001(3)ALD253; 2001(2)ALT570; (2003)179CTR(AP)177

purchase of property by the Central Government. Chapter XX-C containing Sections 269U to 269UO was inserted by the Finance Act, 1986 providing for purchase by the Central Government of immovable properties in certain cases of transfer in replacement of … received, the appropriate authority by order dated December 11, 1995, held that in view of the prohibition of Section 6 of the Tamil Nadu Urban Land Ceiling Act the agreement dated September 7, 1995, to transfer the entire

Shree Jagannath Packers and ors. Vs. State of Orissa and ors.

Court : Orissa

Subject : CivilSales Tax

Acts : Orissa Sales Tax Act, 1947 - Sections 6, 7 and 12; Central Sales Tax Act, 1956 - Sections 8(5) and 13(3); State Financial Corporation Act, 1951 - Sections 29; Orissa General Clauses Act, 1937 - Sections 22; Punjab General Clauses Act, 1898 - Sections 19; Bihar Finance Act - Sections 7; Customs Act, 1962 - Sections 25 and 25(1); Electricity Supply Act - Sections 49; Rajasthan Sales Tax Act, 1954 - Sections 4(2); East Punjab Public Safety Act - Sections 20 and 36(1); General Clauses Act, 1897 - Sections 21; Central Sales Tax (Deferment of Payment of Taxes) Orissa Rules, 1990; Constitution of India - Articles 14, 154(1), 154(2), 161, 162 and 166(3)

Reported in : [2005]141STC26(Orissa)

that a notification issued by the State Government in exercise of powers under Section 7 of the Bihar Finance Act to the extent it is repugnant to the Industrial Policy Resolution of the Government of Bihar is bad. … disposable syringe at Chandaka Industrial Estate, Patia, Bhubaneswar pursuant to the IPR 1986 and commenced commercial production on May 9, 1998 and is a continuing … of commercial production to new small-scale industries. Accordingly, Notification No. 27662-CTA-560/90-F dated August 16, 1990 was issued under Section 6 of the Orissa Sales Tax Act, 1947 providing such exemption for a period of seven years from the

A. Loganathan and Others Vs. A. Loganathan and Others

Court : Chennai

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 4, 10(1), 66 and 110; Constitution of India - Article 226

Reported in : [1995]214ITR202(Mad)

these writ petitions is for the issue of a writ of declaration, declaring that section 2(2) of the Finance Act, 1977, is ultra vires and illegal. 2. Though different assessees have filed these petitions, the respondents are common … working out the rate of tax. The impugned provisions do not outrun the embankments provided by sections 4, 66 and 110 of the Income-tax Act and the scheme of the provisions for the computation of tax. It

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 … date of sale in that locality. It was determined that the land in 1977 was valued at Rs. 6 per square yard and the competent authority had erred in accepting the Valuation Officer's report that the land

industrial Packers and Co. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Patna

Subject : Direct Taxation

Reported in : (1995)52ITD1(Pat.)

year 1986-87.5. The Id. counsel for the assessee conceded fairly that Section 43B had been inserted by the Finance Act, 1983 with effect from 1-4-1984, but since Section 29 was amended only with effect from 1-4-1989 to include … absurdity. If an amendment is made in the procedure, it will apply to all pending proceedings (see pp. 666H, 667A, 668A).8. The Id. counsel for the assessee also relied on CBDT Circular 550, dated 1-1-1990, paras 15.1

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 … Finance Bill, 198613-5-1986(4) Date of framing deposit scheme under section 32AB (161 ITR 101 Statutes).15-7-1986(5) Date on which 6 months from the end of the previous year relevant to the Asst. Year 1987-88 expired.31-10-1986(6) Date of coming

The Commissioner of Income Tax Vs. Asoka Betelnut Co. Pvt. Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957; ;Finance Act, 1983 - Sections 40 and 40(3)

Reported in : (2003)180CTR(Mad)178

by the assessee was not an asset exigible to wealth tax within the meaning of Section 40(3)(vi) of Finance Act, 1983?2. T.C. 230 of 1998 is a reference at the instance of the assessee and the question of … law referred by the Income Tax Appellate Tribunal at the instance of the assessee for the assessment year 1986-87 reads as under:-Whether the Tribunal was right in law in holding that the building Asoka Plaza is not … by the assessee. This court in the unreported decision in T.C. No. 60 of 1997 dated 5.9.2002 'The Commissioner of Wealth Tax, Madras .vs. M/s

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 … K.S. Radhakrishnan, J.1. Both these appeals are preferred against the judgment in O. P. No. 6872 of 1999 : [2001]248ITR436(Ker) . The challenge is against an order passed by the appropriate authority, the Income-tax

Cit Vs. Asoka Betelnut Co. (P) Ltd.

Court : Chennai

Subject : Direct Taxation

Reported in : [2003]127TAXMAN331(Mad)

out by the assessee was not an asset exigible to wealth-tax within the meaning of section 40(3)(vi) of Finance Act, 1983 ?'2. T.C. 230 of 1998 is a reference at the instance of the assessee and the question … law referred by the Income Tax Appellate Tribunal at the instance of the assessee for the assessment year 1986-87 reads as under :Whether the Tribunal was right in law in holding that the building Asoka Plaza is … by the assessee. This court in the unreported decision in T.C. No. 60 of 1997, dated 5-9-2002 'CWT v. Reliance Motor Co. Ltd.' has taken