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George Williamson (Assam) Ltd. and anr. Vs. Union of India (Uoi) and o ...

Court : Guwahati

Subject : Direct Taxation

pleadings of the petitioner-company are that Parliament having amended the provisions of the Income Tax Act by the Finance Act, 1997, inserted Chapter XII-D consisting of Section 115-C with effect from June 1, 1997, providing for payment of … can be found under Section 14 of the Act.(a) Salaries,(b) Interest on securities (omitted by the Finance Act, 1988),(c) Income from house property,(d) Profits and gains of business or profession,(e) Capital gains,(f) Income from other sources.Section 10 … 1,70,25,301 is assessable as per rule 8 of the Income-tax Rules and 60 per cent, of the income being Rs. 2,55,37,950 was assessable under the

Assistant Commissioner of Vs. Canara Food Processors (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (1993)45ITD500(Pune.)

that action under Section 17 taken was not correct as the amendment to Section 40(3) made by the Finance Act, 1988 specified that the assets held as stock-in-trade were not liable to Wealth-tax and that would support the case … of value of the guest house, though value of the guest house is shown at cost at Rs. 60,288 in the balance sheet as on 31st March, 1984 and other balance sheets for other assessment years. The

Runu Ghosh Vs. C.B.i

Court : Delhi

Subject : Land Acquisition

ARM submitted its bid on 15.03.1992. After scrutiny of reports of the Technical Group and the Commercial and Finance Group, (which examined the bids), the recommendations of the TEC (marked Ex. PW-3/J1 during the trial) as regards … i.e. Section 5(1) (d) PC Act, 1947 with Sections 13(1) (d) (i), (ii) and (iii) of the PC Act 1988: Section 5(1)(d) PC Act, 1947 Section 13(1)(d) (i),(ii) and (iii) PC Act, 1988.5. Criminal Misconduct.13. Criminal misconduct by a … 300 crystal version units at the unit price of ` 2,98,469/- and 600 synthesized version units at the unit price of ` 3,35,639/-. It was

A. Sanyasi Rao and anr. Vs. Government of Andhra Pradesh and ors.

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 4, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 43A, 43B, 43C, 44, 44B, 44C, 44D, 44AC, 44AC(1), 44BB, 44BBA, 64(1), 115A, 119, 138, 143, 206, 206C, 206C(1), 206C(4), 208C, 276BB and 293; Constitution of India - Articles 14 and 19(1)

Reported in : (1989)77CTR(AP)40; [1989]178ITR31(AP)

Income-tax Act, 1961, is challenged in this batch of writ petitions. These two sections were inserted by the Finance Act, 1988. Section 206C was given effect to on and from June 1, 1988, and section 44AC from April 1, 1989. … The Bill provided that the profits and gains of purchasers of specified goods shall be deemed to be 60% of the purchase price. It also provided for collecting 20% of the purchase price at source. This provision

Petroleum India International Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

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

that the said objective could be attained with reduced deduction on that account.Prior to its amendment by the Finance Act, 1988, the operative portion of s. 80-O as it stood after amendment by the Finance Act, 1987, read as … 85C as it stood then. The new s. 80-O allowed deduction of 60 per cent of income by way of royalties, commission, fees, etc. received … 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

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

Court : Rajasthan

Subject : Direct Taxation

Reported in : 1995(2)WLN208

of the learned Counsel for the Revenue is that the amendment in Section 43B was made by the Finance Act, 1988 and was effective from 1.4.1988. The Tribunal has erred in giving the retrospectivity to the said amendment which … respect of the dealers who are required to submit the return annually the tax could be paid within 60 days from the close of the accounting year. Sales are effected from day to day and even the

Anam Machinery Fabricators Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (1994)49ITD617(Hyd.)

had amended Section 28 and inserted Clauses (iia), (iiib) and (iiic). They were inserted in Section 28 by Finance Act, 1990 with retrospective effect. Under Clause (iiia) REPs were made liable to tax with retrospective effect from 1-4-1962. … the Assessing Officer did not accept the plea of the assessee while framing the assessments for 1984-85 to 1988-89. However, the fact remains that the assessee has been making the claim and that the Assessing Officer in … 25,83,835 1986-87 84,00,717 (loss) 25,83,835 1,09,84,652 1987-88 2,88,494 (income) 1,13,99,176* 1,11,10,682 1988-89 60,38,300 (income) 1,11,10,682 50,72,382 By the date of filing the return for assessment

The Commissioner of Income-tax and Dy. Commissioner of Income-tax Vs. ...

Court : Uttaranchal

Subject : Direct Taxation

Reported in : (2008)216CTR(Uttranchal)86

Income Tax Act, wherever they are inconsistent. 11. Paragraph E of Part I of First Schedule of the Finance Act, 1994 provides the rate of income tax for the companies for the Assessment Year 1994-95. The relevant portion … Income-tax (Appeals), reducing the tax rate applicable to assessee NRC (respondent) at 60 per cent instead of 65 per cent applied by the Assessing Officer4. … at the rate of 65 per cent is upheld. No order as to costs. - MOTOR VEHICLES ACT, 1988[C.A.No.59/1988] Section 166; [A.K. Patnaik, CJ, A.K. Gohil & S. Samvatsar, JJ] Application for compensation for personal injury Death

State Vs. Bharat Chandra Roul

Court : Orissa

Subject : Criminal

Acts : Prevention of Corruption Act, 1988 - Sections 13, 13(1), 13(2) and 19(3); Orissa Special Courts Act, 1990 - Sections 8(3); Prevention of Corruption Act, 1939 - Sections 5(1); Evidence Act, 1872 - Sections 91 and 106; Prevention of Corruption (Amendment) Act, 1947; Income Tax Act, 1961 - Sections 60, 68 and 269; Registration Act, 1908 - Sections 17, 17(1), 31 and 49; Finance (No. 2) Act, 1965 - Sections 24(2) and 24(3); Transfer of Property Act, 1882 - Sections 51(1); Stamp Act, 1899 - Sections 29 and 29(2); Estate Duty Act, 1953 - Sections 8, 9 and 9(2); Probation of Offenders Act, 1958; Code of Criminal Procedure (CrPC) , 1973 - Sections 162 and 313; Orissa Government Servants' Conduct Rules, 1959 - Rule 21; Constitution of India

Reported in : 1995CriLJ2417

as to whether a voluntary disclosure under Section 24 (2) of the Finance (No. 2) Act, 1965, had to relate to income actually earned by … ORDERA. Pasayat, J.1. Alleging commission of criminal misconduct as set out in Section 13 of Prevention of Corruption Act, 1988 (in short, the 'Act'), prosecution has sought for action against Shri Bharat Chandra Roul, (hereinafter: referred to as … assessment proceedings relating to any person other than the declarant so as to rule out the application of Section 60 of the 1961 Act. The position, therefore, is clear that even if a return of income is filed

N.C. Rangesh and Others Vs. Inspector General of Registration and Othe ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 230A, 269UA, 269UC, 269UL, 269UL(1) and 269U-O

Reported in : (1990)84CTR(Mad)241; [1991]189ITR270(Mad); (1991)IMLJ233

without jurisdiction. It is also stated that section 230A(1) of the Income-tax Act, 1961 (as amended by the Finance Act, 1988), provides that a tax clearance certificate is necessary, if the valuation of the property transferred exceeds Rs. two … 269UL of the Income-tax Act, 1961, has been made in the counter-affidavit. It is further claimed that under section 60 of the Indian Registration Act, the Inspector-General Registration shall exercise the power of general superintendence over all registration