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Nageswara Rice Working Co. Vs. Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (1989)30ITD143(Hyd.)

remedy.12. In this connection, we may also refer to the amendment to section 43B brought in by the Finance Act, 1987. This amendment makes it clear that where a payment is actually made on the dates on which it … to him or not. The Madras High Court in the case of G. D. Narendra v. CIT [1972] 85 ITR 647 was interpreting the word "paid" occuring in section 50 of the Estate Duty Act. It was

Rishi Roop Chemical Co. (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1991)36ITD35(Delhi)

of the proviso, which was inserted in Section 43B of the Income-tax Act 1961 (the Act) by the Finance Act 1987, w.e.f. 1-4-1988 and the Explanation 2, which was inserted in the said Section, by the Finance Act 1989 … v. Vegetable Products Ltd. [1973] 88 ITR 192 (SC) and CIT v. J.K. Hosiery Factory [1986] 159 ITR 85/25 Taxman 80A (SC). According to him, the decision of the Tribunal in the case of Jitaji Chunilal (supra)

Rojer Mathew Vs. South Indian Bank Ltd and Ors Chief Manager

Court : Supreme Court of India

Subject : Land Acquisition

CJI1 Leave granted. BRIEF BACKGROUND:2. In the present batch of cases, the constitutionality of Part XIV of the Finance Act, 2017 and of the rules framed in consonance has been assailed. While it would be repetitious to reproduce … 323-A and 42 (2010) 11 SCC143 (2014) 10 SCC1[Para 107 & 126]. 85 323-B of the Constitution. The relevant observations in this regard, being of … the High Court of Kerala. The petitioner had originally approached the High Court challenging the constitutional validity of Section 13 (5- A) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest (SARFAESI) Act,

inspecting Assistant Vs. Ranka Construction (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Land Acquisition

Reported in : (1995)52ITD122(Coch.)

Ltd. [1983] 144 ITR 357 (Pat.); Sri K.R. Prasad, the learned counsel for the assessee contended that the Finance Act, 1987, has amended Section 27 of the IT Act, 1961 and the Finance Minister in his Budget speech to

Commissioner of Income-tax Vs. Achaldas Dhanraj and Sanklecha Brothers

Court : Rajasthan

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 43B; Sales Tax Act; Finance Act, 1987

Reported in : (1995)128CTR(Raj)325; [1996]217ITR799(Raj)

tax disincentive by denying deduction in respect of a statutory liability which is not paid in time. The Finance Act, 1987, inserted a proviso to Section 43B to provide that any sum payable by way of tax or duty,

C.i.T. Jodhpur Vs. Achaldas Dhanraj and anr.

Court : Rajasthan

Subject : Direct Taxation

Reported in : 1995(2)WLN208

tax disincentive by denying deduction in respect of a statutory liability which is not paid in time. The Finance Act, 1987 inserted a proviso to Section 43B to provide that any sumpayable by way of tax or duty ect.

income-tax Officer Vs. K. S. Lokhandwala

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (1989)31ITD305(Ahd.)

legislative intention is apparent from the fact that the first proviso was added in Section 43B by the Finance Act, 1987 clearly providing that in case the amount of any such government dues or tax is paid before the

Deputy Commissioner of Income Tax Vs. Chlumberger Seaco Inc.

Court : Kolkata

Subject : Direct Taxation

Reported in : (1995)51TTJ(Cal)72

1984-85 and 1986-87 were made prior to the introduction of S. 44BB of the IT Act by the Finance Act, 1987, which made the said section applicable with retrospective effect from 1st April, 1983, i.e., from the asst. yr.

Jitaji Chunnilal Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Indore

Subject : Direct Taxation

Reported in : (1990)34ITD347Indore

not yet fallen due as per the Sales-tax Rules and Acts. In order to mitigate this difficulty, the Finance Act, 1987 has introduced a proviso to the section. By this proviso it was made clear that the provisions of

Commissioner of Income-tax Vs. Govindaraja Reddiar

Court : Kerala

Subject : Direct Taxation

Acts : Finance Act, 1989 - Sections 43B; Income Tax Act, 1961 - Sections 43B; Direct Tax Laws (Amendment) Act, 1987

Reported in : [1991]187ITR417(Ker)

circumstances of the cases, s. 43B after the amendment by the Direct Tax Laws (Amendment) Act, 1987, the Finance Act, 1987, the Finance Act, 1988, and the Finance Act, 1989, and Explanation 2 to the section which took effect