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Hindalco Industries Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2004)85TTJ(Mum.)71

wrong. It ought to have been placed along side Section 48, as has since been done by the Finance Act, 1987, w.e.f. 1st April, 1988. By the said Act, Section 80T has been omitted and its provisions with certain … up a one million tonnes capacity steel plant on 7th May, 1993 for a consideration of US $ 79,500. The company remitted the said consideration in three equal instalments of US $ 26,500 on 30th July, 1990,

Hindalco Industries Ltd. Vs. the Income-tax Officer (Tds)

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2004)91ITD64(Mum.)

wrong. It ought to have been placed along side Section 48, as has since been done by the Finance Act, 1987, with effect from April 1, 1988. By the said Act, Section 80T has been omitted and its provisions … in the said cases; 13. The learned Departmental Representative submitted that there is no dispute regarding US $ 79,500 on which the assessee himself had deducted tax for the technical services rendered by Raytheon. The learned DR

Suvardhan Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

Reported in : (1998)67ITD104(Bang.)

of section 2(47)(b) and, thus, there is no liability of capital gains tax. Section 45(4) inserted by the Finance Act, 1987, with effect from 1-4-1988, also provides that transfer of capital asset is a sine qua non for the … the case of CIT v. Dewas Cine Corpn. [1968] 68 ITR 240, CIT v. Bankey Lal Vaidya [1971] 79 ITR 594 and in Malabar Fisheries Co. v. CIT [1979] 120 ITR 49, it was clear that on

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

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 … 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 in the said provisions if

income-tax Officer Vs. Tube Investments of India Ltd.

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (1990)32ITD172(Mad.)

accretions during the assessment years 1977-1978 to 1982-83 came to Rs. 30,50,000. In 1983-84 under the provisions of Finance Act, 1984, Sections 40A(9), (10) and (11) are inserted. These provisions are retrospective in operation and the Legislature made … available with the assessee-trust out of the contribution made by it. It is also contended that as per Section 79 of the Indian Trusts Act, no trust can be revoked by the author so as to defeat or

Joint Commissioner of Income-tax Vs. Montgomery Emerging Markets Fund

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2006)100ITD217(Mum.)

The source will be the asset itself. The CIT(A) further referred to the amendment brought in by the Finance Act, 1987 (No. 2 of 1987) with effect from 1 -4-1988. According to the CIT(A), as per the said amendment, … Mumbai passed on 23-11 -1998 and 12-2-2000, respectively. The appeals do arise out of the assessments completed under Section 143(3) of the Income-tax Act, 1961.2. These two appeals are placed before this Special Bench to consider and

Rikhabchand M. Lalwani (Huf) Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (2003)81TTJ(Pune.)964

Supreme Court. According to the AO, the provisions of Section 45(5) was inserted in the Act by the Finance Act, 1987 w.e.f. 1st April, 1988. In his opinion, the provisions of Section 45(5) provide that the money received by … Housing & Land Development Trust Ltd. (1986) 161 ITR 524 (SC), Smt. Gulabsundri Bapna v. Dy. CIT (2001) 79 ITD 455 (Del-Trib), Asstt. CIT v. Smt. Mangala S. Mutha (ITA No. 315/Pn/1995, dated July, 2002), CIT v.

Haroon M. Adam Vs. State of West Bengal and ors.

Court : Sales Tax Tribunal STT West Bengal

Subject : Land Acquisition

Reported in : (2001)121STC134Tribunal

of the Calcutta Gazette, published on March 31, 1999 regarding amendments to 1994 Act through the West Bengal Finance Act, 1999. One of the amendments was regarding sugar other than indigenous sugar. By the said amendment, provision was … 1. In this application under Section 8 of the West Bengal Taxation Tribunal Act, 1987, which is in the nature of a writ application under Article 226 of the Constitution of India, the … 1, 1995, sugar manufactured or made in India is tax-free under entry 79 of Schedule I read with Section 24 of the 1994 Act. By

Estate of Late Shri Dharambir

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

Reported in : (2005)95ITD83(Mum.)

compensation was received. However, it was also deleted by Direct Tax Laws (Amendment) Act, 1987. Then as per Finance Act, 1987 section 45(5) was introduced having clauses (a) and (b). After the insertion of this section there was no scope … also cited a decision to ITAT Delhi in the same Smt. Gulab Sundari Bapna v. Dy. CIT (2001) 79 ITD 455 (Del) and distinguished the same. He was of the view that the enhanced compensation was not

Punjab Business and Supply Co. Pvt. Ltd. and anr. Vs. the Income Tax O ...

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 194A(1), 276B and 278B; Finance Act, 1987; Code of Criminal Procedure (CrPC) - Sections 482; Constitution of India - Article 20; Fiscal Law

Reported in : (1991)99PLR225

and the proceedings resulting therefrom inter alia, on the ground that before the amendment of Section 194A vide Finance Act, 1987, which came into force on 1-6-1987, there was no provision like the present explanation to sub section (!) … Sections 276A and 278B of the income Tax Act pertaining to the returns filed in 1977 78. 1978 79, 1979 80 and 1980-31 by deliberately showing the payment of interest to different payees in the interest payable