Advanced Search Results

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 … had filed a return for the assessment year 1991-92 showing return of income at Rs. 48,27,365. On March 30, 1993, the assessee filed a revised return showing a total income of Rs. 39,78,083. It claimed investment allowance

Mafatlal Apparel Mfg. Co. Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (1998)65ITD234(Mum.)

return on 19th July, 1990 and proceeding on the basis of the retrospective amendment brought in by the Finance Act, 1990, added the CCS received to the income of the assessee and sent an intimation. As it was of … figure lower than disclosed in the return. This is what is apparent from the bare reading of the section, be that reduction is the result of retrospective amendment or otherwise.8. The aforesaid interpretation, however, gives an absurd

Mafatlal Apparel Mfg. Co. Ltd. Vs. Deputy Commissioner of Income Tax.

Court : Mumbai

Subject : Direct Taxation

Reported in : (1998)61TTJ(Mumbai)323

return on 19th July, 1990 and proceeding on the basis of the retrospective amendment brought in by the Finance Act, 1990, added the CCS received to the income of the assessee and sent an intimation. As it was of … Court noted the deductions which are dealt with in Chapter VI, ss. 30, 31 et sequitur. The word allowance has been used interchangeably with the … figure lower than disclosed in the return. This is what is apparent from the bare reading of the section, be that reduction is the result of retrospective amendment or otherwise.8. The aforesaid interpretation, however, gives an absurd

Gadore Tools Pvt. Ltd., New Delhi Vs. Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28, 35-B and 256; Finance Act, 1990

Reported in : (2000)161CTR(Del)472

favor of the Revenue in view of the amendments incorporated in the Income Tax Act, 1961 by the Finance Act, 1990. Finance Act, 1990 incorporated clause (iiib) to Section 28 of the Income Tax Act, 1961 with effect from … It also exported these items to various parts of the world. The accounting year was from 1.7.1973 to 30.6.1974. Related assessment under Section 144 of the Income Tax Act, 1961 was framed on 30.3.1978. The assessed preferred

Commissioner of Income-tax Vs. Sharda Gum and Chemicals

Court : Rajasthan

Subject : Direct Taxation

Reported in : (2007)209CTR(Raj)143; [2007]288ITR116(Raj)

made with retrospective effect from April 1, 1962, April 1, 1967, and April 1, 1972, respectively vide the Finance Act, 1990. Perhaps this necessitated the filing of a revised return by the assessee on May 1, 1990, of total … as under:Whether, on the facts and circumstances of the case, the Tribunal has correctly construed the provisions of Section 80HHC, in the matter of computing profits and gains of their business, in the context of the said

State of Kerala & Another versus Asianet Satellite Communications ...

Court : Supreme Court of India

Reported in : [2025] 5 S.C.R. 2215

17.25] Words and Phrases - “Broadcasting” and “Broadcasting agency or organization” - Prasar Bharti (Broadcasting Corporation of India) Act, 1990 - Section 2(c) - Finance Act, 1994 as amended by the Finance Act, 2001 - Section 65(13). [Para … of the Seventh Schedule of the Constitution and also liable to pay service tax under provisions of the Finance Act, 1994 as amended from time to time as a provider of a taxable service namely broadcasting service within … Organisers Association v. Government of Tamil Nadu, W.P. No.10013 of 1994 dt. 30.11.1994; Vasant Madhav Patwardhan v. State of Maharashtra, 2000 SCC OnLine Bom 244;

Kiran Corpn. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2006)98ITD119(Ahd.)

before insertion of Clause (iiib) in Section 28 of the I.T. Act. Clause (iiib) was introduced by the Finance Act, 1990, retrospectively w.e.f. 1-4-1967 provided for treating cash assistance as business income under Section 28. On the basis of … apparently not shared in the later decision.Mamta Machinery (P.) Ltd. v. Dy. CIT SR-II, A'bad vide order dated 30-8-2002 in IT Appeal No. 326 (Ahd.) of 1995 in appeal pertaining to the assessment year 1991-92, on identical

Kiran Corporation Vs. the Asstt. C.i.T.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2006)102TTJ(Ahd.)375

way of cash assistance. Since cl. (iii)(b) was inserted in Section 28, though having retrospective operation by the Finance Act, 1990, the assessee did not include this income in its return which, as noted above, was filed on 29th … Appellate Tribunal 'C' Bench, Ahmedabad in the case of Mamta Machinery P. Ltd. v. DCIT SR-II, A'bad dated 30.8.2002 in IT A No. 326/A/95 in appeal pertaining to assessment year 1991-92. According to the Judicial Member, on

itc Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

Reported in : (2003)86ITD135(Kol.)

was issued by the CBDT to explain the substance of the provisions relating to direct taxes in the Finance Act, 1986. The learned authorised representative is also silent about the observation of the AO that this type of … Classic with all supportings in terms of valuation reports of 1983 and 1990. Kindly note that for the purpose of splitting the sale consideration between … profession" but, as provided in Section 37(1) itself, such disallowance does not extend to the deductions permissible under Section 30 to 36 and, therefore, even if an expenditure allowable under Sections 30 to 36 is of the capital

Commissioner of Wealth Tax Vs. Mohan Exports India P. Ltd.

Court : Delhi

Subject : Direct Taxation

financial year commencing on or after 1st April 1960 . This position changed with the Finance Act, 1983. Section 30 of the said statute provided for the revival of the levy of wealth tax in the case of … favour of the Assessee. Therefore it was not an 'asset' under Section 40 (3) of the WTA Nos. Finance Act 1983. The CIT (A) accepted the above plea and held that the value of the land at 8 … 181, 431 and 691/Del/96 for the Assessment Years ( AYs ) 1989-90, 1990-91, 1991-92 and 1985-86, as well as WTA No. 286/Del/98 for AY 1992-93.