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Test Claimants in the Franked Investment Income Group Litigation Vs. C ...

Court : UK Supreme Court

Subject : Land Acquisition

years, in addition eliminated the special advantage for claims in mistake previously introduced by section 24(5) of the Finance Act 1989, delaying the commencement of the limitation period for such claims until the claimants had actually or constructively discovered

income-tax Officer Vs. K. S. Lokhandwala

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

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

Matched in: Citation (1989)31ITD305(Ahd.)

Cadell Weaving Mill Co. P. Ltd. Vs. Commissioner of Income-tax

Court : Mumbai

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 2(14), 2(24), 2(47), 10, 10(3), 10(13), 14, 17(3), 28, 41, 45 to 55, 55(2), 56, 59, 115J and 253; Bombay Rent Act; Finance Act, 1987 - Sections 55(2); Direct Tax Laws (Amendment) Act, 1989

Reported in : 2001(3)ALLMR108; (2001)166CTR(Bom)7; [2001]249ITR265(Bom)

of a motor car used for personal purposes would result in a revenue income. That, even after the Finance Act, 1994, consideration arising from the transfer of tenancy in cases where the tenant had no right to sublet, … in Karamchari Union v. Union of India : (2000)IILLJ603SC has no application. By the Direct Tax Laws (Amendment) Act, 1989, Clauses (iiia) and (iiib) were added to section 2(24) of the Income-tax Act. The Supreme Court held that,

Commissioner of Income Tax Kolkata-iii Vs. Alom Extrusions Limited

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 28, 36(1), 43B and 139(1); Finance Act, 2003; Employees' State Insurance Act, 1948; Finance Act, 1988; Finance Act, 1989; Provident Fund Act; Finance Act, 1983

Reported in : (2009)227CTR(SC)417; [2009]319ITR306(SC); JT2009(14)SC441; 2009(14)SCALE163; (2010)1SCC489; [2009]185TAXMAN416(SC)

under any standing order, award, contract of service or otherwise.13. However, the second proviso stood further amended vide Finance Act, 1989, with effect from 1st April, 1989, which reads as under:Provided further that no deduction shall, in respect of … arises for determination in this batch of civil appeals is: whether omission [deletion] of the second proviso to Section 43B of the Income Tax Act, 1961, by the Finance Act, 2003, operated with effect from 1st April,

Checkmate Services P Ltd Vs. Commissioner Of Income Tax-i

Court : Supreme Court of India

Subject : Land Acquisition

previous year in which the sum is actually paid by him.” (Emphasis supplied) By Section 9 of the Finance Act, 1989, the following second proviso was added:"Provided further that no deduction shall, in respect of any sum referred to … why every assessee(s) 16 M.M. Aqua Technologies Ltd. vs. Commissioner of Income Tax, Delhi, 2021 SCC OnLine SC575 24 [employer(s)]. was entitled to deduction even prior to 1-4-1984, on mercantile system of accounting as a business expenditure

The Commissioner of Income Tax Vs. Godaveri (Mannar) Sahakari Sakhar K ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 28, 36, 36(1), 43, 43B, 43(2), 139(1) and 145; Provident Funds Act; Finance Act, 2000; Finance Act, 2003 - Sections 21 and 43B; Finance Act, 1983; Finance Act, 1987; Finance Act, 1989

Reported in : (2007)109BOMLR2273; (2007)212CTR(Bom)384; [2008]298ITR149(Bom)

were added by Finance Act 1987 with effect from 1st April, 1988. The second proviso was substituted by Finance Act, 1989 with effect from 1st April, 1989. The relevant portion of Section 43B as first enacted with the provisos

Commissioner of Income Tax, Bangalore Vs. Shree Manjunatheaware Packin ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 263 and 263(1)

Reported in : AIR1998SC1478; JT1997(9)SC583; (1998)1SCC598; [1997]Supp6SCR109

this Court after considering the effect of the amendment made in Section 263(1) of the Act by the Finance Act, 1989 whereby Clause (c) of the explanation was also amended with retrospective effect from 1st June, 1988, held that … been in existence.Amendments on the above lines have been proposed in Section 25 of the Wealth-tax Act and Section 24 of the Gift- tax Act also.'10. After that amendment, the relevant part of the Explanation reads as under

Commissioner of Income-tax Vs. M. Shajahan

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 10, 10(30) and 10(31); Finance Act, 1988

Reported in : [1996]221ITR594(Ker)

the Income-tax Act because now it has to be noted that Section 10(31) has been inserted by the Finance Act, 1988, with effect from April 1, 1989, to exclude the amount of subsidy received from the Rubber Board … is 1979-80 which ended on March 31, 1979. The original assessment was completed under Section 143(1) on September 24, 1979. Thereafter, the Income-tax Officer noticing that the assessee had received a sum of Rs. 9,502 as subsidy

Commissioner of Income Tax Xiii Vs. Naresh Kumar

Court : Delhi

Subject : Direct Taxation

of the insertion made. Of course, the Supreme Court also referred to Explanation 2 which was inserted by Finance Act, 1989 which was made retrospective and was to take effect from 1st April, 1984. Highlighting the object behind Section … * IN THE HIGH COURT OF DELHI AT NEW DELHI + I.T.A. No. 24/2013 Reserved on:23. d August, 2013 Date of Decision:6. h September, 2013 % Commissioner of Income Tax XIII ....Appellant

Mafatlal Industries Ltd. Vs. Collector C. Ex. and Cus.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Subject : Excise

Reported in : (1991)LC65Tri(Mum.)bai

of the Finance Act or not does not, in our view, arise." 24. We, therefore, hold that even if these notices are construed to be … be deemed to be removal. This Notification dated 20-2-1982 was given retrospective effect through Section 51 of the Finance Act, 1982, which received the President's assent on 11-5-82. The retrospective validity of Section 51 of the Finance Act … of Section 11-A of the Central Excises & Salt Act, 1944. The Supreme Court judgment is reported in 1989 (23) ECR 178 (SC) in the case of M/s. J.K, Spinning & Wvg. Mills Ltd. Following the ratio