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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

Commissioner of Income-tax, Bombay Etc. Vs. M/S. Podar Cement Pvt. Ltd ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 22, 24, 27, 56, 64(2), 69(D), 93(2), 94(4), 154, 256, 257 and 288; Finance Act, 1987; Registration Act; Gift Tax Act - Sections 2; Old Income Tax Act - Sections 9 (1); Transfer of Property Act, 1882 - Sections 14, 54, 55 and 269; Pakistan (Administration of Evacuee Property) Ordinance, 1949 - Sections 6(1); Rajasthan Land and Building Tax Act, 1964; Bombay Rents, Hotel and Lodging House Rates Control Act - Sections 29(2)

Reported in : AIR1997SC2523; [1997]226ITR625(SC); JT1997(5)SC529; 1997(4)SCALE271; (1997)5SCC482; [1997]Supp1SCR394

Section 27 of the Act. The said amendment was introduced to Section 27 of the Act by the Finance Act, 1987 by substituting Clauses (iii), (iiia) and (iiib) in the place of old clause (iii) w.e.f. 1.4.88.53. In our … Parliament wherever found necessary had provided for avoidance of double taxation expressly like Sections 64(2), 69D, 93(2) and 94(4) but no such express provision was considered necessary as regards Sections 22 to 27 as they thought in

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

Asstt. Cit Vs. Unity Care and Health Services (and

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

Reported in : (2006)103ITD53(Bang.)

ITR 594. It is only to overcome such a situation, sub-section (4) of section 45 was inserted by Finance Act, 1987, with effect from 1-4-1988.The insertion of section 47(dii) has not changed the situation. Section 47(xiii) merely excludes certain

Wallfort Shares and Stock Brokers Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

Reported in : (2005)96ITD1(Mum.)

House of Lords in the case of Lupton. In that case forward stripping had been banned by the Finance Act, 1960, but the House of Lords did not think that the subsequent amendment should prejudice or cloud the … (Appeals)-IV, Mumbai dated 7-11-2003 and 12-12-2003 in the case of the assessee in relation to assessment orders under section 143(3) for assessment years 2001-2002 and 2000-2001 respectively. These appeals have been referred to us as a Special … Mutual Funds is allowable or not? 2. Whether the provisions of section 94(7) of the Income Tax Act, 1961 can be interpreted as retrospective in

Wallfort Shares and Stock Brokers Vs. Income-tax Officer [Alongwith

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

House of Lords in the case of Lupton. In that case forward stripping had been banned by the Finance Act, 1960, but the House of Lords did not think that the subsequent amendment should prejudice or cloud the … (Appeals)-IV, Mumbai dated 7.11.2003 and 12.12.2003 in the case of the assessee in relation to assessment orders Under Section 143(3) for assessment years 2001-2002 and 2000-2001 respectively. These appeals have been referred to us as a Special … Mutual Funds is allowable or not? 2. Whether the provisions of Section 94(7) of the Income-tax Act, 1961 can be interpreted as retrospective in operation

Deputy Commissioner of Income Tax Vs. C.P. Lonappan and Sons

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Land Acquisition

Reported in : (2001)75ITD301(Coch.)

for the assessment year 1993-94 only.Sub-section (5) was inserted in section 45 of the Income Tax Act by Finance Act, 1987 with effect from 1-4-1988. New sub-section (5) provided that the initial compensation awarded or determined or approved on

N. T. John Vs. Commissioner of Income Tax and anr.

Court : Kerala

Subject : Direct Taxation

Reported in : (1997)137CTR(Ker)656

in accordance with the provisions of this Chapter.'Chapter XIV-B was inserted in the IT Act, 1961 by the Finance Act, 1995 w.e.f. 1st July, 1995. It is an admitted case that the search was conducted in this case … now would apply in the present case. Earlier Chapter XIV-B was inserted by the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 1st April, 1989. It dealt with altogether a different subject namely, charge of additional income-tax in certain … undisclosed income as a result of search. Sub-s. (1) of the said section is as follows :'Notwithstanding anything contained in any other provisions of this

Farrukhabad Investment (i) Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2003)85ITD230(Delhi)

the history behind the introduction and schematic rationalisation of the provisions of Chapter XIX-A brought about through the Finance Act, 1987 to hold that in exercising its power under Chapter XIX-A, it has almost unbridled power to arrive at … the assessee arise out of the order of the CIT(A) dt. 18th July, 2000, sustaining the penalty under Section 271D of the IT Act for asst. yrs. 1992-93 to 1995-96, 1997-98 and 1998-99 and against sustaining penalty

N.T. John Vs. Commissioner of Income-tax and anr.

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 132, 132A, 158B, 158BA and 158BC

Reported in : [1997]228ITR314(Ker)

accordance with the provisions of this Chapter.'4. Chapter XIV-B was inserted in the Income-tax Act, 1961, by the Finance Act, 1995, with effect from July 1, 1995. It is an admitted case that the search was conducted in … now would apply in the present case. Earlier Chapter XIV-B was inserted by the Direct Tax Laws (Amendment) Act, 1987, with effect from April 1, 1989. It dealt with altogether a different subject, namely, charge of additional income-tax … J.1. The subject-matter of this writ petition relates to search conducted under Section 132 of the Income-tax Act, 1961. The search was conducted on February