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Asea Brown Boveri Ltd. Vs. Industrial Finance Corporation of India and ...

Court : Supreme Court of India

Subject : PropertyCivil

Acts : Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 - Sections 10; Industrial Finance Corporation of India Act, 1948 - Sections 3, 3(1), 3(2) and 3(3)

Reported in : AIR2005SC17; 2005(5)ALLMR(SC)129; 2005(3)BomCR392; [2005]126CompCas332(SC); (2004)4CompLJ433(SC); JT2004(9)SC258; 2004(9)SCALE99; (2004)12SCC570; [2004]56SCL21(SC); (2005)1

is an appeal under Section 10 of the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 (hereinafter 'the Act', for short), feeling aggrieved by an order dated 28.7.1998 whereby rejecting an objection petition preferred … all the 56 cars to the custodian within one week from the date of the order.2. The Industrial Finance Corporation of India (hereinafter 'IFCI', for short) is a Corporation constituted under the Industrial Finance Corporation of India

Indian Oil Corporation Ltd. Vs. the State of Bihar and ors.

Court : Patna

Subject : Sales Tax

Acts : Bihar Tax on Entry of Goods into Local Areas for Consumption Use or Sale Therein Act, 1993 - Sections 7; Bihar Finance Act, 1981 - Sections 16(9)

or Sale Therein Act, 1993 (hereinafter referred to as 'the Act') read with Section 16(9) of the Bihar Finance Act (hereinafter referred to as the 'Finance Act') for not paying the admitted tax under the Act within time … was disposed of by the Government of Bihar. On 10-6-1997, the petitioner filed returns for the financial years 1992-93, 1993-94, 1994-95, and 1995-96 after payment of entry tax in respect of all the said financial years amounting

All India Blue Star Employees Federation Vs. Union of India (Uoi) and ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10 and 10(10C); Income Tax Rules, 1962 - Rule 2BA; Constitution of India - Articles 14, 21 and 226; ;Finance Act, 1987; Finance (Amendment) Act, 1992; Finance (Amendment) Act, 1993; Finance (Amendment) Act, 1994; Income Tax (Amendment) Rules, 1993

Reported in : [1998]234ITR155(Bom)

clause also to the employees of companies other than public sector companies, this clause was substituted by the Finance Act, 1992, with effect from April 1, 1993, by the following : '(10C) any amount received by an employee of … the employees of respondent No. 4-company, seeks to challenge the validity of the provisions of Clause (10C) of Section 10 of the Income-tax Act, 1961 (the 'Act'), and Rule 2BA of the Income-tax Rules, 1962 (the 'Rules'), on

Janatha Tile Works Ltd. Vs. Commissioner of Income Tax

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 43B, 139, 142(1), 143, 143(1), 143(1A), 143(2), 143(3), 144, 147, 154, 154(1), 155, 156, 185(1), 185(2), 185(3), 185(5), 186(1), 186(2), 245D(4), 250, 254, 255, 256(1), 260, 262, 263 and 264; Finance Act, 1992; Direct Tax Laws (Amendment) Act, 1989; Finance Act, 1999

Reported in : (2006)202CTR(Ker)103; [2006]283ITR35(Ker); 2006(2)KLT426

justified in not following the decisions of the Calcutta and Delhi High Courts since the impact of the Finance Act, 1992 was not pointedly raised or considered in the above decisions. Counsel submitted that Revenue is justified in levying … the Delhi High Court and also by the apex Court. CIT (supra). 10. We, with due respect, find ourselves unable to agree with the principles … K.S. Radhakrishnan, J.1. Tribunal, Cochin Bench has made this reference under Section 256(1) of the IT Act, 1961. Three questions of law have been referred for consideration which are given

New Okhla Industrial Development Authority Vs. Chief Commissioner of I ...

Court : Supreme Court of India

Subject : Land Acquisition

of appellant contends that in view of the Explanation added to Section 10(20) of the I.T.Act, 1961 by Finance Act, 2002, the appellant is no longer covered by the definition of ‘local authority’. The definition of ‘local authority’ … not go into the question whether it is also exempt under Section 10(20). By the Constitution (74th Amendment) Act, 1992, the 3. Parliament had inserted Part IXA of the Constitution providing for the constitution of Municipalities. A notification

Assistant Commissioner of Vs. Smt. Chandri N. Shah. (Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Nagpur

Subject : Direct Taxation

income of the firm shall not form part of total income of the partner. As per s.2(9)(d) of Finance Act, 1992, the net agricultural income of a person was to be computed in accordance with the rules contained in … the scope of agricultural income which includes rent and revenue derived from the land. Sub-cl. (b) of this section states that it includes any income derived from such land. Rates of income are provided in the Finance … to be taken for rate purposes as per the provisions of s. 10(2A) of the IT Act, 1961.3. In the case of Smt. Chandri N.

Agricultural Produce Market Committee, Narela, Delhi Vs. Commissioner ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(1), 10, 10(20), 10(26AAB) and 260A; Finance Act, 2002; Cantonments Act, 1924 - Sections 3; General Clauses Act, 1897 - Sections 3(31); Delhi Agricultural Produce Marketing (Regulation) Act, 1998 - Sections 5, 22(1), 22(2), 62 65, 88, 88(1), 88(2) and 88(3); Delhi Development Act, 1957; Payment of Bonus Act, 1965 - Sections 32; Constitution of India (Seventy-third Amendment) Act, 1992; Constitution of India (Seventy-fourth Amendment) Act, 1992; Constitution of India - Articles 243, 243P, 243 and 243ZF

Reported in : (2008)218CTR(SC)433; [2008]305ITR1(SC); JT2008(10)SC17; 2008(11)SCALE540; (2008)9SCC434; 2008AIRSCW6285; 2008(6)Supreme520; 2008(11)SCALE540

Matched in: Citation (2008)218CTR(SC)433; [2008]305ITR1(SC); JT2008(10)SC17; 2008(11)SCALE540; (2008)9SCC434; 2008AIRSCW6285; 2008(6)Supreme520; 2008(11)SCALE540

ito Vs. Shri Yogi H. Aggarwal, Associated

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)278ITR116(Mum.)

involving application of his skill, talent or specialized knowledge and experience." 12. With effect from 1/4/93 by the Finance Act, 1992 Section 10(32) was also inserted which reads as under :- "In the case of an assessee referred to in

Syndicate Bank Employees' Co-operative Thrift and Credit Society Ltd. ...

Court : Chennai

Subject : Direct Taxation

Acts : Interest Tax Act, 1974 - Sections 2(5A); Banking Regulation Act, 1949 - Sections 3, 6, 10, 22, 51 and 56; Multi State Co-operative Societies Act; Finance (No. 2) Act, 1991; Finance Act, 1992

Reported in : [2006]287ITR40(Mad)

Sub-sections (5A) was inserted by the Finance (No. 2) Act, 1991 w.e.f. 1st Oct., 1991 and by the Finance Act, 1992, the words in a square brackets in the above sub-section, namely 'or a co-operative society engaged in carrying … file a return of chargeable interest under the Interest-tax Act of 1974. The AO issued a notice under Section 10 of the said Act which was served on the appellant-assessee on 1st March, 1997. The appellant filed a

Saurashtra Education Foundation Vs. Commissioner of Income Tax

Court : Gujarat

Subject : Direct Taxation

Acts : Income tax Act, 1961 - Sections 2(15), 10(22) and 11(1); Finance Act, 2002; ;Finance Act, 1983

Reported in : (2004)190CTR(Guj)295; [2005]273ITR139(Guj)

anyactivity for profit. The words, 'not involving the carrying on of anyactivity for profit' have been omitted by Finance Act,1983 w.e.f. 1.4.1984. 7. A perusal of the aforesaid statutory provisionswould show that while Section 11 provides for exemptionof … on the facts and in the circumstances ofthe case, the assessee would be entitled toexemption as contemplated under Section 10(22) ofthe Income-tax Act, 1961 ?'2. The assessee is a trust registered a publiccharitable trust on 10.1.1978. When the