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Velan Textiles Pvt. Ltd. Vs. Deputy Commissioner of Income-tax (Assess ...

Court : Karnataka

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 260A; Finance Act, 1990 - Sections 145(1), 145(2), 32A(3) and 32A(4)

Reported in : [2009]312ITR56(KAR); [2009]312ITR56(Karn)

question of law.7. We have accordingly heard the learned Counsel for the parties and perused the record.8. The Finance Act, 1990, had amended Section 32A(4)(ii) of the Act retrospectively from April 1, 1976. It provides that the investment allowance … compensation determined including the solatium and the interest thereon, the owner of the land is also entitled for 12% interest p.a. on such market value for the period commencing from the date of publication of the notification

Shree Jagannath Packers and ors. Vs. State of Orissa and ors.

Court : Orissa

Subject : CivilSales Tax

Acts : Orissa Sales Tax Act, 1947 - Sections 6, 7 and 12; Central Sales Tax Act, 1956 - Sections 8(5) and 13(3); State Financial Corporation Act, 1951 - Sections 29; Orissa General Clauses Act, 1937 - Sections 22; Punjab General Clauses Act, 1898 - Sections 19; Bihar Finance Act - Sections 7; Customs Act, 1962 - Sections 25 and 25(1); Electricity Supply Act - Sections 49; Rajasthan Sales Tax Act, 1954 - Sections 4(2); East Punjab Public Safety Act - Sections 20 and 36(1); General Clauses Act, 1897 - Sections 21; Central Sales Tax (Deferment of Payment of Taxes) Orissa Rules, 1990; Constitution of India - Articles 14, 154(1), 154(2), 161, 162 and 166(3)

Reported in : [2005]141STC26(Orissa)

that a notification issued by the State Government in exercise of powers under Section 7 of the Bihar Finance Act to the extent it is repugnant to the Industrial Policy Resolution of the Government of Bihar is bad. … production to new small-scale industries. Accordingly, Notification No. 27662-CTA-560/90-F dated August 16, 1990 was issued under Section 6 of the Orissa Sales Tax Act, 1947 … the said notifications dated July 30, 1999 and the order of assessment for the period 1999-2000 made under Section 12 of the Orissa Sales Tax Act in so far as it disallows the exemption for the period after

Fab Export (P.) Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (1996)56ITD132(Mad.)

analogous to those of Section 80VVA(4) as it stood prior to the omission of Section 80VVA by the Finance Act, 1987, w. e. f. 1-4-1988.8. In view of the foregoing, therefore, contended Shri Seetharaman, the assessee is entitled … of the Act. According to him, the confusion has arisen because, in the assessment for the assessment year 1990-91, the provisions of Section 115J had been applied and a sum of Rs. 1, 73, 804 brought to

Gujarat Alkalies and Chemicals Ltd. Vs. Joint Commissioner of Income T ...

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

a view to provide incentive to exports. This section has thereafter been amended from time to time. The Finance Act, 1990, introduced Sub-section (3) to Section 80HHC which provides that profits derived from export of goods shall be an … assessee-company for the financial year 1995-96 relevant to asst. yr. 1996-97 has been filed.P&L a/c appearing at p. 12 of the annual report indicates that the sales of Rs. 39,885.54 lacs are inclusive of excise duty. On

Crown Re-roller (P) Ltd. Vs. State of Orissa in the Department of Fina ...

Court : Orissa

Subject : Sales Tax

Acts : Orissa Sales Tax Act, 1947 - Sections 14; Orissa Sales Tax Rules, 1947 - Rule 39;

Reported in : 2004(I)OLR107; [2005]139STC305(Orissa)

for decision is whether the State Government wh.ile exercising the power of issuing a notification under the Bihar Finance Act could deny benefits declared by the State Government under its Industrial Incentive Policy and the Supreme Court held … a writ petition before this Court O.J.C. No. 1712 of 1989 and by judgment dated 8th of May, 1990, a Division Bench of this Court held that the industrial unit of the petitioner was entitled to enjoy … issuance of notification by the State Government in exercise of power under Section 7 of the Bihar Finance Act, it is true that issuance of … the petitioner has filed four applications dated 19.9.1997 and 20.9.1997 in Form XII-A under Rule 42-A for refund of tax on iron and steel materials

Dcit, Spl. Range-i Vs. Jindal Photo Films Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Eleventh Schedule at serial 9 & 10 are as below: 8. Entry 9 was later (w.e.f. 1-4-89 by Finance Act 1988) substituted by the words "projectors" i.e. to say Cinematographic films were taken out of the purview of … view that the issue cannot be considered to have attained finality by the order of the CIT(A) in 1990-91 AY, as such, the issue of deduction of about Rs. 4.41 crores, to my mind, needs to be … revenue has challenged the direction of the CIT(A) to allow deduction Under Section 80-1 of the Act despite the fact that the product being manufactured

Tulsidas Vs. Patel (P) Ltd. V. Wealth Tax Officer

Court : Mumbai

Subject : Direct Taxation

Reported in : (1998)61TTJ(Mumbai)282

the Tribunal held that the whole property was not liable for wealth- tax under section 40 of the Finance Act, 1983, and in support thereof, the assessee produced the Tribunals order dated 9-12- 1994 for assessment years 1988-89 … ORDERT.V. Rajagopala Rao, P.This is an appeal filed by the assessee and it relates to assessment year 1990-91. The assessee is a private limited company. The relevant valuation date was 31-3-1990. It filed wealth-tax return on

M/S Fibre Boards (P) Ltd Bangaloare Vs. Cit Bangalore.

Court : Supreme Court of India

Subject : Land Acquisition

the new scheme contained in Section 54G. It is true that Section 280Y(d) was only omitted by the Finance Act, 1990 and was not omitted together with Section 280ZA. However, we agree with learned counsel for the appellant that … from 1st April, 1988, and will, accordingly, apply in relation to the assessment year 1988-89 and subsequent years.” 12. On a conjoint reading of the aforesaid Budget Speech, notes on clauses and memorandum explaining the Finance Bill

Voltas Limited Vs. the State of Jharkhand and ors.

Court : Jharkhand

Subject : Sales TaxLimitation

Acts : Indian Companies Act, 1913; Bihar Finance Act, 1981 - Sections 12, 13, 17(5), 18, 19(1), 21, 21(1), 24 and 58; Bihar Finance Rule, 1981 - Rule 13A; Rajasthan Sales Tax Act - Sections 5(3); Rajasthan Sales Tax Rule - Rule 29(2); 46th Amendment Constitution of India - Article 366(29A)

Reported in : [2006(3)JCR518(Jhr)]

of the petitioner to assess at the rate of 8%. Further, according to the respondents, the provision of Section 12 of the Bihar Finance Act is not applicable in these cases, as the said provision relates to the … one place to another and the sale of such air-conditioners is chargeable to sales tax under the Bihar Finance Act, 1981 under Entry No. 116 of the Schedule at the rate of 16%.6. One of the disputes in … 1987-88 W.P.(T)No. 466/05 1988-89Other three writ petitions relate to the assessment years 1990-91 to 1992-93. The petitioner has challenged the orders of remand, as made

Julius Goswami and anr. Vs. Chancellor of Universities of Bihar, Patna ...

Court : Patna

Subject : Service

the Vice-Chancellor by the Pro-Vice-Chancellor. The said notification dated 21.4.97 expressly stated that the files concerning involvement of finance be routed through the Registrar to the Financial Advisor who will place it before the Vice-Chancellor directly and … University by order of the Chancellor dated 12.9.90 and Dr. Hasan took charge on 14.9.1990. In view of Section 12(2) of the Bihar State Universities Act, 1976 (hereinafter referred to as the Act), though tenure of such post