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Commissioner of Income-tax Vs. Bank of Rajasthan Ltd.

Court : Rajasthan

Subject : Direct Taxation

Acts : Income Tax (Amendment) Act, 1986 - Sections 36(1); Income Tax Act, 1961 - Sections 36(1) and (2)

Reported in : [2002]255ITR599(Raj)

the assessment year 1987-88.2. This court admitted the appeal on the following question of law :'Whether after the Finance Act, 1985, amending the provisions of Section 36(l)(vii) and Section 36(2) with effect from April 1,1985, inserting a proviso

Cit Vs. the Bank of Rajasthan Ltd.

Court : Rajasthan

Subject : Direct Taxation

Reported in : (2002)174CTR(Raj)400

the assessment year 1987-88.2. This court admitted the appeal on the following question of law :'Whether after the Finance Act, 1985, amending the provisions of section 36(1)(viii) and section 36(2) with effect from 1-4-1985, inserting proviso to section

Gujarat Petrosynthese Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2001)76ITD257(Ahd.)

Section 115J has been introduced by way of an independent Chapter XII-B in the Income-tax Act by the Finance Act, 1987 and it came into force from assessment year 1988-89. While introducing section 115J, the Legislature deleted section 80VVA … that in view of the judgment of the Supreme Court in Jain Bros. v. Union of India [l970] 77 ITR 107 double taxation per se would not render an otherwise valid provision, as invalid.6.5 The contrary decision

M/S Fidelity Business Services India Pvt Ltd Vs. Assistant Commissione ...

Court : Karnataka

Subject : Land Acquisition

Section 115-Q of the Act, particularly, the Explanation below Section 115-Q of the Act which stands amended by Finance Act 2018, with effect from M/s. Fidelity Business Services India Pvt. Ltd., Vs. Assistant Commissioner of Income-Tax, & Anr. … representing a part of the assets of the company or otherwise) [made after the 31st day of May, 1987, by way of advance or loan to a shareholder, being a person who is the beneficial owner of … own shares by the Company in accordance with the provisions of Section 77-A of the Companies Act, 1956 is chargeable to income tax as Distribution

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

80 of the Finance Act 1944 provides that notwithstanding anything containing in the penal provisions of Section 76, Section 77, Section 78 and Section 79 no penalty shall be imposable on the assessee for any failure referred to … 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

Dunlop India Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

Reported in : (1992)41ITD582(Kol.)

amount. In support of this claim the assessee relied on first proviso to Section 43B inserted by the Finance Act, 1987 which, as per decision of the Tribunal in ITO v. K.S. Lokhandwala [1989] 31 ITD 305 (Ahd.) was … & Co. Ltd. [1983] 140 ITR 335. Reliance was further placed on the decision of the Tribunal in 770 v. Thakersi Babubhai & Co. [1986] 18 ITD 593 (Ahd.) and Hindustan Commercial Corporation v. Second ITO [1990]

Burlingtons' Exports Vs. Assistant Commissioner Of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1993)45ITD424(Mum.)

Section 45(4) of the Act are applicable to the transaction in question. This section was introduced by the Finance Act, 1987, with effect from 1st April, 1988. Its object, as we find in the Memorandum of Explanation is to … Lady Kanchanbai [1962] 44 ITR 242 as approved by the Supreme Court in CIT v. Lady Kanchanbai [1970] 77 ITR 123 and the Commentary of Chaturvedi & Pithisaria, Vol. I, page 204 besides the decision of the

Sadha Singh Vs. State of U.P. Thru. Secr. Audyogik Vikas and ors.

Court : Allahabad

Subject : Land Acquisition

the land held by it having been pooled by its members under Clause (a) of sub-section (1) of Section 77 of the Uttar Pradesh Co-operative Societies Act, 1965 shall not be taken into account in computing the 5.0586

India Jute and Industries Ltd. Vs. Collector of Central Excise

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Land Acquisition

Reported in : (1991)(33)ECC188

an exemption or concession notification which would necessarily affect the rate of duty. However, by Section 47 of Finance Act, 1984, Section 35B pertaining to appeals to Tribunal was amended by adding a proviso. The First proviso to … Chemicals Co. Ltd. Indore v. Collector of Central Excise NagpurMysore Prefabs And Prefabs India v. CCE, Bangalore - 1987 (27) ELT 487 (Tribunal) 5. Navin Chemicals Manufacturing & Trading Co. Ltd. v. CC, Bombay -1987 (31) ELT … authorities are also enumerated as above.11. The appellants in E. Appeal No. 77/84-ERB M/s. Auckland International Ltd. have contended that they are manufacturing jute yarn

income Tax Officer Vs. Ekta Promoters (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2008)117TTJ(Delhi)289

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 discretion … Sept., 2003 [(2003) 184 CTR (St) 33]wherein the provisions of Section 234D are explained in the following manner: 77. Charging of interest on excess refund granted at time of summary assessment. 77.1 Under the provisions of Section