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Shriram Investments Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (1996)59ITD570(Mad.)

respect of tax holiday profits, depreciation is deemed to have been allowed. Section 115J was enacted by the Finance Act, 1987 w.e.f. 1-4-1988 but such a deeming provision is totally absent. In other words, the Legislature has not chosen

Gujarat Credit Corp. Ltd. Vs. Acit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2008)113ITD133(Ahd.)

referred to Circular No. 549 dated 31/10/1989 explaining this amendment of the provisions of Section 147 by the Finance Act, 1987 w.e.f. 01/04/1989 stating that the Amending Act, 1987, has rationalized the provisions of Section 147 and other connected … the Special Bench decision of the Tribunal in the case of Rajkumar Chawla and Ors. v. ITO (2005) 92 TTJ (Del) (SB) 1245 wherein it is observed that Section 148 confers jurisdiction merely to issue notice, calling

income-tax Officer Vs. Anjaneya Cold Storage Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (1994)50ITD51(Delhi)

manufacturer. (3) The word "manufacture" was defined by inserting a definition clause in Explanation to Section 10A through Finance Act, 1987 with retrospective effect. But no such definition wag incorporated in Section 80HHC. This has been explained in the

Zuari Estate Development and Investment Co. Pvt. Ltd. Vs. J.R. Kanekar ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(47), 147 and 148; Finance Act, 1987; Transfer of Property Act, 1882 - Sections 53A

Reported in : 2004(2)BomCR785; [2004]271ITR269(Bom)

the Income-tax Act when entered into. Section 2(47) of the Income-tax Act came to be amended by the Finance Act, 1987, with effect from April 1, 1988. Two sub-clauses were added, namely, (v) and (vi) of which sub-clause (v)

Nava Bharat Ferro Alloys Ltd. Vs. Union of India (Uoi)

Court : Andhra Pradesh

Subject : Service Tax

Acts : Finance Act, 2000 - Sections 65(7), 65(18A), 65(18B), 65(48), 116 and 117; Finance Act, 1997; Finance Act, 1994 - Sections 65, 66 68, 70, 71A and 94; Finance Act, 2003 - Sections 68, 68(1), 69, 70, 71 and 71A; Assam Taxation (On Goods Carried by Road or on Inland Waterways) Act; Central Tea Act - Sections 3(1) and 3(2); Motor Vehicles Act, 1939 - Sections 43, 43(1), 43(1A) and 44; Rajasthan Passengers and Goods Taxation Act, 1959 - Sections 3 and 4; Karnataka Entertainments Tax Act, 1958 - Sections 2; Expenditure Tax Act, 1987; British North America Act, 1867 - Sections 91 and 92; Finance Act, 1998 - Sections 65, 65(16), 65(17), 65(41) and 66(3); Motor Vehicles Act, 1988 - Sections 2; Finance Act, 1997 - Sections 84; Service Tax Rules, 1994 - Rule 2 and 2(1); Service Tax (Amendm

Reported in : (2005)186CTR(AP)451; 2005(185)ELT236(AP); 2006[3]STR565

of service tax by users of clearing and forwarding agents service and users of goods transport service. By Finance Act, 2000, the Parliament amended the provisions for the limited period of 16.7.1997 to 16.10.1998 to enable collection of … is a judgment of Constitutional Bench of Five Judges. Challenge in this case was to the Expenditure Tax Act, 1987, which envisaged a tax at 10% ad volerm on chargeable expenditure incurred in the class of hotels wherein … Haldane said : 'It is remarkable the way this Board has reconciled the provisions of Section 91 and Section 92, by recognizing that the subjects which fall within Section 91 in one aspect, may, under another aspect, fall

Canoro Resources Limited Vs. Director of Income-tax (internat Ional Ta ...

Court : Authority for Advance Rulings

Subject : Land Acquisition

of the capital asset.” xx xx xx xx xx xx xx xx xx Sub-section(3) was inserted by the Finance Act, 1987 w.e.f. 1.4.1988. Explaining the amendment, the CBDT Circular No. 495 dated 22.09.1987 states that, to avoid payment of … existed even in the Income-tax Act, 1922 in the form of section 42(2). The corresponding provision contained in section 92 of the present Act was thoroughly amended w.e.f. 1.4.2002 by the Finance Act, 2001. Section 92 was substituted

income Tax Officer Vs. Anil H. Rastogi

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2003)86ITD193(Mum.)

came to the conclusion that even after the amendment, which was brought on the statute book by the Finance Act, 1987, w.e.f. 1st April, 1989, in Section 36(1)(vii), it is still the obligation of the assessee to prove that

All India Federation of Tax Practitioners Vs. Union of India

Court : Delhi

Subject : Direct Taxation

Acts : Finance (No. 2) Act, 1998, Sections 87 and 92; Constitution of India, Article 14 and Entry 82, List I of Seventth Schedule

Reported in : (1999)151CTR(Del)1; [1998]236ITR1(Delhi); [1998]101TAXMAN401(Delhi)

of Income Tax : [1998]231ITR660(KAR) vires of Voluntary Disclosure of Income Scheme introduced by section 64 of the Finance Act, 1997 were challenged. The object of the scheme was to give concessional rate of tax and immunity in … XVII of the Indian Penal Code, Narcotics Drugs and Psychotropic Act, 1985 the Terrorist and Disruptive Activities Prevention Act, 1987 or Prevention of Corruption Act, 1988 has been instituted.In respect of a person against whom an order of … appeal preferred by the department shall be heard and decided on merits on account of proviso enacted to section 92.A and B both are litigating assessees. Both are in arrears of tax. From none of the two the

Zuari Estate Development and Investment Co. (P) Ltd. Vs. J.R. Kanekar, ...

Court : Mumbai

Subject : Direct Taxation

Reported in : [2004]139TAXMAN209(Bom)

Tax Act when entered into. Section 2(47) of the Income Tax Act came to be amended by the Finance Act, 1987 with effect from 1-4-1988. Two sub-clauses were added, namely, (v) and (vi) of which sub-clauses (v) of reads

Zuari Estate Development and Investment Co. (P) Ltd. Vs. J.R. Kanekar, ...

Court : Allahabad

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(47), 45, 147 and 148; Transfer of Property Act, 1882 - Sections 53A; Constitution of India - Article 226

Reported in : (2004)191CTR(All)189

the IT Act when entered into. Section 2(47) of the IT Act came to be amended by the Finance Act, 1987 w.e.f. 1st April, 1988. Two sub-clauses were added, namely, (v) and (vi) of which Sub-clause (v) reads as