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Commissioner of Income-tax Vs. Enterprises India

Court : Allahabad

Subject : Direct Taxation

Reported in : [2007]291ITR473(All)

Income-tax Appellate Tribunal was legally justified in holding that the first proviso to Section 43B, inserted by the Finance Act, 1987, with effect from April 1, 1988, was retrospective in operation being clarificatory in nature, and thereby directing to

The Regional Director, Employees' State Insurance Corporation and Ors. ...

Court : Kolkata

Subject : Labour and Industrial

Acts : Employees' State Insurance Act, 1948 - Section 1(5)

Reported in : [1996(74)FLR2253],(1997)ILLJ82Cal

India v. Peerless General Finance and Investment Co. Ltd reported in AIR 1987 SC at page 1023, wherein it was observed that for over a … in the same line and a Bench decision of the Madras High Court in the Case of Sundaram Finance Limited v. State of Tamil Nadu and Ors. to which we shall advert if required.15. Mr. Moitra lastly … State of Tamil Nadu and Ors. to which we shall advert if required.15. Mr. Moitra lastly referred to Section 75 of the E.S.I. Act and submitted that under Sub-section (3) thereof the jurisdiction of the Civil Court, and

Jyotsna Holding (P.) Ltd. Vs. Deputy Commissioner

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1991)37ITD430(Delhi)

the Income-tax Act so as to avoid the liability in respect of surtax and additional tax since by Finance Act, 1987 the levy of surtax was discontinued and the provisions of Sections 104 to 109 were deleted with effect … depreciation was item 1 of Appendix 1, Part I, Clause II(D)(1) of depreciation schedule. Therefore, the jurisdiction under section 263 was rightly assumed by the Commissioner.1. The assessee is aggrieved of the consolidated order dated 12-3-1990 of

Deputy Commissioner of Income Tax Vs. Padam Prakash (Huf)

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2006)104TTJ(Delhi)989

found that different Benches of Tribunal, at different places, are interpreting Section 45(5) of IT Act inserted by Finance Act, 1987 differently and there is a divergence of opinion on the issue. Some Benches have held that amendment and … April, 1977, for extension of market yard. The Land Acquisition Officer made an award at the rate of 75 paise per sq. ft. in regard to the acquired land. The assessee sought increase in compensation. The reference

M/s. MRF Ltd., Vs. The Deputy Commissioner of Income-Tax,

Court : Chennai

Subject : Direct Taxation

expression as "may". This is clear from the fact that prior to the Amendment brought about by the Finance Act, 1987, the Legislature in the corresponding section pertaining to imposition of interest used the expression "may" thereby giving a … us (Sabyasachi Mukharji, J.) in Premchand Sitanath Roy v. Addl. Commissioner of Income-tax, West Bengal-III, [1977] 109 ITR 751. In that case the question was a very different one. The question was whether a right of appeal

Zee Telefilms Ltd. and Star India Vs. Commissioner of Central Excise

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Subject : Service Tax

Reported in : (2006)(110)ECC582

not sustainable on merits & limitations, hence no interest is recoverable. Further, recovery of interest is ordered under Section 75 of the Finance Act, 1944. At the relevant time the Section read as: Section 75 - Every person … calculated by reference to the appropriate rate card.2.3 Extract of the relevant statutory provision of Chapter V of Finance Act, 1994 relating to advertising agency service, as they exist, at the material time are: advertising agency" means, any … on this one question: Was the show cause notice dated 27th August, 1987 beyond time?. The period in question is 23th August, 1982 to 28th

Malayala Manorama Co. Ltd. Vs. Commissioner of Income Tax, Trivandrum

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32(2), 32A(3), 33AC(1), 33AC(3), 35, 72(1), 73, 74, 74A(3), 80HHC, 80HHC(3), 80HHC(3A), 80HHD, 80HHD(3), 80J(3), 80VV, 80VVA, 115J, 115J(1), 115J(4), 115J(1A), 115JA and 154; Companies Act, 1956 - Sections 205, 205(1), 205(2), 211(2), 227 and 350; Finance Act, 1983; Finance Act, 1987; Income Tax Rules, 1962; ; ; Finance Act, 1989

Reported in : (2008)216CTR(SC)102; [2008]300ITR251(SC); JT2008(5)SC529; 2008(6)SCALE659; 2008AIRSCW3407

in a later year, if adequate profits are available. Section 80VVA was dropped from the statute by the Finance Act, 1987, with effect from A.Y. 1988-89, when replaced Book Profits Tax by Section 115J of the 1961 Act. But … of at least 15% of its book profit. This measure will yield a revenue gain of approximately Rs. 75 crores.The Court held that the purpose of introducing this section was that the Income Tax Authorities were unable

Jai Pal Sharma Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2000)72ITD485(Delhi)

to point out that provisions of section 80CCA of the Act were brought to the statute through the Finance Act, 1987 with a view to provide incentive to the net savings to be made by different types of assessees. … was placed on the decision of Apex Court in the case of CIT v.India Discount Co. Ltd. [1970] 75 ITR 191 which was reiterated in Kedarnath Jute Mfg. Co. Ltd v. CIT [1971] 82 ITR 363 in

Commissioner of Income Tax - Ii Vs. M/S Multiplex Capital Ltd.

Court : Delhi

Subject : Direct Taxation

2004.'' 8. Minimum Alternate Tax (MAT) scheme was introduced by inserting section 115J in the Act by the Finance Act, 1987. The Finance Minister in his speech indicated the object of introducing the said scheme as under: ''It is … at least 15 percent of its book profit. This measure will yield a revenue gain of approximately Rs 75 crores.'' The MAT scheme was improvised further and section 115JB was introduced in the Act by the Finance

Commissioner of Income Tax - Ii Vs. M/S Mbl and Co. Ltd

Court : Delhi

Subject : Direct Taxation

2004.'' 8. Minimum Alternate Tax (MAT) scheme was introduced by inserting section 115J in the Act by the Finance Act, 1987. The Finance Minister in his speech indicated the object of introducing the said scheme as under: ''It is … at least 15 percent of its book profit. This measure will yield a revenue gain of approximately Rs 75 crores.'' The MAT scheme was improvised further and section 115JB was introduced in the Act by the Finance