Advanced Search Results

Verizon Communications Singapore Pte Ltd. Vs. Income Tax Officer of In ...

Court : Chennai

Subject : Direct Taxation

Tax Act. He held that by reason of the amendment to Section 9(1) with effect from 01.04.1976, under Finance Act 2010, the reliance on the decisions reported in (2006) 282 ITR273(Bharat Sanchar Nigam Ltd. and another V. Union … assessee/lessee of a satellite called AsiaSat 1 which was launched in April 1990 and was the owner of a satellite called AsiaSat 2 which was … partially the rights and obligation under this Agreement, except with the prior written consent of the other Administration.74. Schedule I gives the obligation when VSNL is the Administration A and Schedule II when VSNL is Administration B. VSNL

Aero Leather (P) Ltd. Vs. Union of India and ors.

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24); Finance Act, 1990; Constitution of India

Reported in : ILR1992Delhi731; [1992]194ITR7(Delhi)

been filed before the Commissioner of Income-tax for waiver of interest. (4) As already indicated hereinabove, by the Finance Act, 1990 two amendments were made in the Income-tax Act which adversely affected the interest of the petitioner. In Section … submitted that the said amendments are outside the purview of Entry 82 of List I of the 7th Schedule to the Constitution. The submission of the learned counsel is that Ccs is a subsidy which is received

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

Court : UK Supreme Court

Subject : Land Acquisition

such cases: para 260. It was not open to the Revenue to rely on section 320 of the Finance Act 2004 ("Section 320 FA 2004") or section 107 of the Finance Act 2007 ("Section 107 FA 2007") to … minor in the context of the litigation as a whole, as it extends only to tax charged under Schedule D, Case V, pursuant to section 18 of TA 1988. But it is still a point of some

Berlia Chemicals and Traders (P) Ltd. Vs. Asstt. Cit

Court : Mumbai

Subject : Direct Taxation

Reported in : (2002)76TTJ(Mumbai)974

permissible deductions. This was made clear, the court held, by the Explanation added to rule 1 by the Finance Act, 1981.6. In this connection, it was contended on behalf of the assessee in that case that rule 1(x) … of mortgage under Government Notification dated 23.3.1979 and hence not liable to stamp duty under Article 36 of Schedule I of the Act. - The Commissioner (Appeals) endorsed the view of the assessing officer by observing that the … the order of the learned Commissioner (Appeals), dated 18-10-1993, for assessment year 1990-91. First ground in the appeal is against disallowance of Rs. 26,00,000 being

State of Andhra Pradesh and ors. Vs. P. Ramaswamy and Company, Enginee ...

Court : Andhra Pradesh

Subject : Arbitration

Acts : Arbitration Act, 1940 - Sections 3, 5, 8, 9, 11, 12, 12(2) and 28; Constitution of India - Article 141

Reported in : 2001(6)ALD82

to adjudication to a panel of arbitrators consisting of (1) Chief Engineer, Srisailam Project, (2) DeputySecretary to Government, Finance Department and (3) Director of Accounts, Pochampad Project i.e., Sriramsagar Project, in cases where the claim amount is … and one D. Ramesh Kumar succeeded in his place. Under Clause III, Schedule 1 of the Arbitration Act, 1940, the arbitrator shall make the award … an application under Sections 3, 5, 11 and 12 read with Sections 8 and 9 of the Arbitration Act, 1940 to remove the named arbitrators and appoint any retired Justice of the High Court of A.P. as

Dr. K.M. Shah Vs. Dy. C.i.T.

Court : Gujarat

Subject : Direct Taxation

Acts : Wealth-tax Act, 1957 - Sections 2, 7(2), 16A and 27A; Gift-tax Act; Wealth-tax Act, 1958 - Sections 7(2) - Schedule - Rules 3, 4, 5, 6, 7, 8, 19 and 20; Urban Land Ceiling Act - Sections 6; Direct Tax Laws (Amendment) Act, 1987; Finance Act, 1992; Income-tax Act, 1961

Reported in : (2004)190CTR(Guj)414; [2004]270ITR408(Guj)

at his option, specify in his behalf in the return of net wealth]. ** Proviso omitted by the Finance Act, 1992 w.e.f. 1.4.1993.Explanation- For the purposes of this sub-section,-(i) where the house has been constructed by the assessee, … the option of the assessee in the manner laid down under in Schedule III to the Act as on the 1st day of April 1971?F … year 1995-96 show the area of construction as 121.34 sq.mtrs. The bill at page 389 for the year 1990-91 does not show any such area. But in all the four bills, the annual rating value is shown

Confederation of Real Estate Developers' Association of India (Karnata ...

Court : Karnataka

Subject : Service Tax

filed under Articles 226 and 227 of the Constitution of India praying to declare that the provisions of finance Act, 1994 as amended by finance Act, 2010 introducing an explanation to Section 65(105) (zzq) and 65(105) (zzzh) and … subject matter will fall within the ambit of Entry 49 of List II (State list) of the Seventh Schedule of the Constitution of India. 5.1 He further submitted that the impugned explanations are discriminatory inasmuch as no

Punjab State Electricity Board Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Direct Taxation

Reported in : (2004)88TTJ(Chd.)450

"rates of income-tax" are provided as per Part II of the First Schedule to the Finance Act under the title "rates for deduction of tax … on the interest payable/paid under section 193 of the Income Tax Act. Further, through a provision introduced by Finance Act, 1989, income-tax deductible from interest was to be increased by surcharge levied at specified rate. Thus, the assessee … These eight appeals-five by the revenue and three by the assessee-for asst. yrs. 1990-91 to 1992-93 involving common points, were heard together and are being disposed of through this consolidated order for

Harrisons Malayalam Ltd. and ors. Vs. State of Kerala and ors.

Court : Kerala

Subject : Direct Taxation

Reported in : (1998)150CTR(Ker)564

K. K. USHA, J.The common issue involved in these cases is whether the amendment introduced by the Kerila Finance Act, 1987, to the Kerala Plantation Tax Act, 1960, would be applicable to the assessment for the year 1987-88 … as it was available on 1st Apd, 1987. OP No. 8334 of 1990 22. This original petition is at the instance of the assessee under … on the corresponding valuation date a tax (hereinafter referred to as 'plantation tax') at the rates specified in Schedule I; and the person holding such plantations shall be liable to pay the plantation tax.(1A) For the removal of

Commissioner of Income Tax Vs. Sidral Food (P) Ltd.

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32A, 32A(1), 32A(2), 32A(4) and 256(1); Finance Act, 1990; Companies Act, 1956

Reported in : (2006)200CTR(Guj)135; [2006]282ITR563(Guj)

Circular No. 305, dt. 12th June, 1981, as well as amendment to Section 32A(4)(ii) of the Act by Finance Act, 1990, with retrospective effect from 1st April, 1976. The Tribunal, therefore, granted investment allowance to the assessee.5. Mr. T.U. … on business of manufacture or production of an article or thing specified in the list in the Eleventh Schedule.8. In the case of Dy. CST v. Pio Food Packers (supra), the following tests have been formulated by