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Petroleum India International Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2000)241ITR43(Mum.)

by the Finance Act, 1988, the operative portion of s. 80-O as it stood after amendment by the Finance Act, 1987, read as under : "............ and such income is received in convertible foreign exchange in India, there shall … words 'the income so received" in s. 80-O. It was reiterated that s. 80-O is a stand alone section.Referring to the decision of the Supreme Court in the case of Distributors (Baroda) (P) Ltd. vs. Union of

The Commissioner of Income Tax-9 Vs. Ajanta Pharma Ltd.

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10, 10A, 10B, 15JB, 80HHC, 80 HHC(1), 80 HHC(1A), 80 HHC(1B), 80HHC(3), 80HHC(3A), 80HHC(4), 80HHC(4A), 80HHC(10), 80HHD, 80HHD(3), 80HHG, 80HHE, 80HHF, 115(JB), 115J, 115J(2), 115JA, 115JA(1), 115JA(2), 115JB, 115JB(2), 115JD and 2888(2); Finance Act, 1996; Finance Act, 1997; Finance Act, 2000; Finance Act, 1987; Direct Tax Laws Amendment Act, 1989; Companies Act, 1956

Reported in : 2009(111)BomLR1905; (2009)223CTR(Bom)441; [2009]318ITR252(Bom); [2009]180TAXMAN494(Bom)

to the conditions specified in that section.8. Section 115J is contained in Chapter XII-B which was inserted by Finance Act, 1987 with effect from 1.4.1988. When Section 115J was introduced by Act of 1957 reduction of export profits under … exclude export profits for the purpose of Section 115 JB at the figure other than that allowed under Section 80 HHC (1B)?2. Whether in law for the purpose of calculating book profit under Section 115 JB of the

J.B. Boda and Co. Pvt. Ltd. Vs. Central Board of Direct Taxes, New Del ...

Court : Supreme Court of India

Subject : Direct TaxationFERA

Acts : Income Tax Act - Sections 80A, 80O and 85C; Finance Act, 1967

Reported in : 1996VIIIAD(SC)247; 1997AIHC1543; [1997]223ITR271(SC); JT1996(10)SC47; 1996(7)SCALE870; (1997)1SCC719; [1996]Supp8SCR145

available in the former Section 85 of the Income--tax Act, 1961. While moving the bill relevant to the Finance Act No. 2 of 1967, the then Finance Minister highlighted the fact that fiscal encouragement need to be given … K.S. Paripoornan, J. 1. The petitioner in Writ Petition No. 3086 of 1987 in the High Court of Delhi, has filed this appeal against the judgment of the High Court dated … consideration in this appeal is the interpretation to be placed on Section 80-0 of the Income--Tax Act, 1961. Appellant is a private Company. It is

A.S. Mani Vs. Union of India

Court : Karnataka

Subject : Direct Taxation

Reported in : [2003]131TAXMAN717(Kar)

of the Finance (No. 2) Act, 1977. The benefit was extended to the Indian employees working abroad. The Finance Act of 1987 increased the deduction from 50 per cent to 70 per cent of the foreign exchange brought … various types of deductions. In the case on hand, we are concerned with sections 80-O, 80R, 80RR, 80RRA.11. Section 80-O provides for deduction in respect of royalties etc., from certain Foreign Enterprises. In section 80, it is categorically

Tata Infomedia Limited Vs. Asst. Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Service Tax

the intended objectives underlying the provisions of Section 80-Q. For this purpose, he referred to the speech of Finance Minister as well as Explanatory Memorandum issued by the board. The relevant portion of the order in this … provisions of Section 80-QQ of the Income-tax Act prior to its omission by the Direct Tax Laws (Amendment) Act, 1987, any person carrying on a business in India, of printing and publications of books or only of publication

Packers (India) Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2006)101TTJ(Ahd.)232

consequential amendments were provided for.7.6 The legislature again intervened (and) present section as reproduced above is substituted by Finance Act, 1999 w.e.f. 1st June, 1999. This newly substituted Section 143(1) has again done away with the provisions empowering … the basis of information available in the return or accompanying accounts or documents.7.4 Again, the Taxation Laws (Amendment) Act, 1987 substituted the provisions w.e.f. 1st April, 1989 as under: (1)(a) Where a return has been made under Section … in backward area of Daman. It is entitled to deduction under Section 80-IB. The returns of income for the assessment years under consideration were filed

Niko Resources Ltd. Vs. Union of India

Court : Gujarat

Subject : Land Acquisition

293A was introduced vide Finance Act 1981 effective from 1.4.1981. Explanation of Section 44BB was again introduced vide Finance Act 1987 with retrospective effect from 1.4.1983. (iii) The judgment of the Apex Court which is later in time after … of 100% of the profits and gains from the production of mineral oil and natural gas under Section 80-IB(9) as it stood prior to an amendment to Section 80-IB(9) of the Income Tax Act, 1961 (hereinafter referred

Niko Resources Ltd. Vs. Union of India

Court : Gujarat

Subject : Land Acquisition

293A was introduced vide Finance Act 1981 effective from 1.4.1981. Explanation of Section 44BB was again introduced vide Finance Act 1987 with retrospective effect from 1.4.1983. (iii) The judgment of the Apex Court which is later in time after … of 100% of the profits and gains from the production of mineral oil and natural gas under Section 80-IB(9) as it stood prior to an amendment to Section 80-IB(9) of the Income Tax Act, 1961 (hereinafter referred

A.S. Mani Vs. Union of India (Uoi) and ors.

Court : Karnataka

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80RRA

Reported in : (2003)184CTR(Kar)511

of 1977. The benefit was extended to the Indian employees working abroad. The Finance (No. 2) Act of 1987 increased the deduction from 50 per cent to 70 per cent of the foreign exchange brought into effect … The DelhiHigh Court ruled as under : 'Section 80-O as it originally stood, underwent a change by the Finance Act of 1991 (w.e.f. 1st April, 1992). The provision which applied earlier to an Indian company only was extended

Sbm Engg. Products (P.) Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2004)91ITD116(Mum.)

Sub-section (1)of Section 139 or within such further time as may be allowed by the Income-tax Officer. " Finance Act, 1987, again amended Section 80 with effect from 1st April, 1988 to include the reference to Sub-section (3) of