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M.A.C. Khaleeli Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Land Acquisition

Reported in : (1994)48ITD191(Mad.)

the deduction under Section 54F if the conditions therein are fulfilled.5. That section had been inserted by the Finance Act, 1982 with a view to encouraging house construction. It provides that if the assessee has purchased or constructed … was also submitted that the assessee having reinvested the amount in the construction of another property, relief under Section 54 should be allowed. It was contended on behalf of the revenue that the entire transaction was a composite … Construction cost 1,22,11,440.00 2,12,05,870.00 Surplus 24,94,375.00 Assessment year Assessment year Total 1989-90 1990-91 31-3-1989 31-3-1990 Rs. P. Rs. P. Rs. P. Mr MA.C. K 71.97%

Krishnagopal Nagpal Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (2004)82TTJ(Pune.)481

by the assessee, in the new property purchased or constructed by him. This condition was removed by the Finance Act, 1982 applicable from asst.yr. 1983-84. The circular of the Board relied upon by the learned counsel relates to … a will on 23rd Dec., 1988. She unfortunately expired on 30th Aug., 1990. One Shri Madan Samant was appointed as a guardian of the assessee, … the facts and in the circumstances of the case, the learned AO erred in denying the exemption under Section 54 in respect of the seven row, houses constructed by the appellant. This exemption was claimed by the appellant

Coromandel Fertilisers Limited Vs. Dy. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2004)90ITD344(Hyd.)

by the Courts over the years, has found statutory recognition in Section 2(42C), which was inserted by the Finance Act, 1999 with effect from 1.4.2000. He also invited our attention to Section 50B providing for computation of capital … 50 of the Act. He noticed that the assessee had executed a separate sale deed dated 20th November, 1990 for the transfer of land of more than 2,000 acres for a consideration of Rs. 2,87,00,000. He also … the sale of cement, unit at a figure of Rs. 36, 29, 54, 491 as per the following computation, which is given in Annexure V

AustIn Vs. Mich. Chamber of Comm.

Court : US Supreme Court

Subject : Land Acquisition

annual dues required of all members, three-quarters of whom are for-profit corporations. Section 54(1) of the Michigan Campaign Finance Act prohibits corporations, excluding media corporations, from using general treasury funds for, inter alia, independent expenditures in connection with … U.S. 652 (1990) Austin v. Michigan Chamber of Commerce No. 88-1569 Argued Oct. 31, 1989 Decided March 27, 1990 494 U.S. 652 Syllabus Appellee Michigan State Chamber of Commerce is a nonprofit corporation, whose bylaws set forth

Mrs. Catherine Thomas Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2008)116TTJ(Coch.)797

following submissions : It was argued that the legislature while inserting Sub-section (5) in Section 45 through the Finance Act, 1987 w.e.f. 1st April, 1988 did not provide for cases where enhanced compensation was reduced by any Court, … amount can be assessed in the asst. yr.1995-96 as the assessee was deprived from taking the benefit of Section 54 or 55 as no liquid cash was available with him for investment purpose. The learned Counsel has placed … (A)-I, Kochi, all dt. 16th Dec, 2004 for the asst.yrs. 1987-88, 1988-89, 1990-91, 1991-92 and 1992-93. The facts as well as the issues are identical

Mrs. Catherine Thomas Vs. the Dy. Commissioner of

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2008)111ITD132(Coch.)

the following submissions: It was argued that the legislature while inserting Sub-section (5) in Section 45 through the Finance Act 1987 with effect from 1-4-1988 did not provide for cases where enhanced compensation was reduced by any courts … control then. It was further contended that the assessee was not free to make investments as provided under Section 54, 54F etc as the money was not under his control. The receipt could at best be said to … Commissioner of Income-tax(Appeals)-I, Kochi all dated 16-12-2004 for the Assessment Years 1987-88,1988-89, 1990-91, 1991-92 and 1992-93. The facts as well as the issues are identical

Madras Hire Purchase Association Vs. Union of India (Uoi)

Court : Chennai

Subject : Service Tax

Acts : Finance (Amendment) Act, 1994 - Sections 65, 65(12), 65(14), 65(105) and 66; Companies Act, 1956 - Sections 2; Constitution (Eighty-eighth Amendment) Act, 2003; Finance Act, 2000 - Sections 116 and 117; Finance Act, 2001 - Sections 137; Sale of Goods Act, 1930; Constitution of India - Articles 14, 19, 19(1), 246, 246(1), 265, 268A and 366(29A)

Reported in : [2009]21STT355

268A are introduced giving authority of the Parliament to legislate on service tax; that Section 65(12) of the Finance Act, 1994 defines 'Banking and other financial services' as 'financial leasing services including equipment leasing and hire-purchases'. The learned … ratio laid down in Federation of Hotel & Restaurant Association of India v. Union of India : AIR 1990 SC 1637 and aspect theory applies in this case.13. In Lefroy's Canada's Federal System, the learned author refers … valuable consideration; that the said expression is also found in the Entry 54 of List II; that after the said 46th Amendment, hire-purchase and leasing

Scottish Widows plc (Appellant) Vs. Commissioners for Her Majesty's Re ...

Court : UK Supreme Court

Subject : MRTP

(but more complex) provisions in section 82 of FA 1989. Section 444A, inserted into ICTA 1988 by the Finance Act 1990, applies to a transfer of long-term business in accordance with a scheme sanctioned under section 49 of ICA … suggested that the increase in value should be an actual sum, as opposed to an accounting element: para 54. Lord Reed made the same point in para 181, adding that the words "whether realised or not" were

Commissioner of Income Tax Vs. Computerised Accounting and Management ...

Court : Kerala

Subject : Direct Taxation

Reported in : (1998)147CTR(Ker)274

at in the present case is not applicable to current assessment years as section 32A was omitted vide Finance Act, 1990 effective from assessment year 1991-92. However, the principles regarding determination of the question whether the providing of computerised … 1981-82 Dt. Order. : 18-2-1998 Income Tax Act 1961 s.32A - LAND ACQUISITION ACT, 1894 [C.A. No. 1/1894 Section 54; [V.K. Bali, CJ, Kurian Joseph & K. Balakrishnan Nair, JJ] Appeal Court fee payable Held, Court fee is

Mineral Area Development Authority Etc. Vs. M/s Steel Authority Of Ind ...

Court : Supreme Court of India

Subject : Land Acquisition

(Hansard, Volume11) 28 September 1909 106 PART H169 The Parliament in England imposed a mineral rights duty by Finance Act 1910. Section 20 imposed a duty “on the rental value of all rights to work minerals and of … had legislative competence to prescribe royalty under the MMDR Act in pursuance of its regulatory powers under Entry 54 of List I); Laxmi Narayan Agarwalla v. State of Orissa, 1983 SCC OnLine Ori 16 (The Orissa High