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Commissioner of Income-tax Vs. N.S.M. Sankarapandian

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 15, 16 and 16(1), 64 and 64(1) and 28;

Reported in : (1997)142CTR(Mad)62; [1996]222ITR289(Mad)

retains the same character of the income of the firm as profit.' 8. Explanation 2 added by the Finance Act, 1992, from April 1, 1993, in section 15 makes it clear that the salary received by a partner of

Commissioner of Income-tax Vs. Pramod Kumar Jain

Court : Rajasthan

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 15 and 16; Finance Act, 1992

Reported in : (1995)125CTR(Raj)154; [1995]216ITR598(Raj)

considered as laying down the correct law.8. It may also be observed that Explanation 2 added by the Finance Act, 1992, from April 1, 1993, in Section 15 makes it clear that the salary received by a partner of

Satya Pal Amrik Singh and Co. and ors. Vs. Union of India (Uoi) and or ...

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 44AC, 44AC(1), 206C and 206C(1); Punjab Licences Rules, 1956 - Rule 38(15); Finance Act, 1992

Reported in : [1997]228ITR653(P& H)

respondents were not to deduct income-tax on excise duty payable by petitioners holding L-14 liquor licences.'15. By the Finance Act, 1992, Section 44AC was deleted from the Act. However, deduction of income-tax at source was again resorted to under Section

Kanchanjanga Pvt. Ltd. Vs. Collector of Customs

Court : Kolkata

Subject : Customs

Acts : Finance Act, 1992; ;Customs Act, 1962 - Sections 15, 15(1), 17, 60, 61, 61(2) and 68

Reported in : 1993(66)ELT171(Cal)

The petitioner is now being called upon to pay not only interest but also enhanced duty under the Finance Act of 1992, which came into force on 1st March, 1992. If the Bills of Entry for ex-bond clearance … mode for determination of the rate of duty and tariff valuation of the imported goods is fixed by Section 15 of the Customs Act. It has been clearly laid down in Sub-section (1)(b) of Section 15 that the

P.H. Hamid Vs. Commissioner of Income-tax

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(47), 36, 36(1), 41, 41(1), 41(2), 54E and 256(1); Income Tax Act, 1922 - Sections 2(7), 2(31), 3 and 10(2); Indian Partnership Act, 1932 - Sections 14 and 15; Finance Act, 1992 - Sections 41(1)

Reported in : (2005)198CTR(Bom)441; [2005]278ITR112(Bom)

of revenue and undue enrichment to the assessee, Sub-section (1) of Section 41 has been substituted by the Finance Act, 1992, so as to bring to tax the amount or benefit, as the case may be. In cases where … wife. The said firm was dissolved by a dissolution deed dated December 26, 1978, with effect from December 15, 1978. On the dissolution of the firm, certain assets of the erstwhile firm were allotted to the assessee

Chandigarh Distillers and Bottlers Ltd. and Patiala Distilleries and M ...

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 44AC, 44AC(1), 206C, 206(1) and 226(3); Punjab Excise Act, 1914; Punjab Liquor Licence Rules, 1956; Constitution of India - Article 226; Finance Act, 1988; Direct Tax Laws (Amendment) Act, 1989; Finance Act, 1992; Haryana Liquor Licence Rules, 1970 - Rule 38(15)

Reported in : [2002]253ITR205(P& H)

by the Division Bench of this court was dismissed by the Supreme Court.4. Thereafter, by virtue of the Finance Act, 1992, Section 44AC of the 1961 Act was deleted and its substantial portion was incorporated in Section 206C, making it … to L-14 licensees like the petitioners has to be treated as a subsequent sale. Vide circular dated September 15, 1993, the Central Board of Direct Taxes has clarified that Section 206C(1) of the Act in relation to

K.K. Mittal and Co. Vs. Union of India (Uoi) and ors.

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 44AC, 44C and 206C; Haryana Liquor Licence Rules, 1970 - Rule 38 and 38(15); Constitution of India - Article 226; Finance Act, 1992

Reported in : (1992)108CTR(P& H)427; [1993]203ITR201(P& H)

Matched in: Citation (1992)108CTR(P& H)427; [1993]203ITR201(P& H)

N Narayanan Vs. Adjudicating Officer, Sebi

Court : Supreme Court of India

Subject : MRTP

was in charge of day-to-day affairs of the company including the operations, finance and accounts, secretarial and compliance, legal services and technical services. Appellant, it … The Appellate Jurisdiction of this Court guaranteed under Section 15Z of the Securities and Exchange Board of India Act, 1992 (for short ‘SEBI Act’) has been invoked challenging a joint order dated 5.10.2012 passed in Appeal Nos. 28 … is higher.” “15J.Factors to be taken into account by the adjudicating officer.- While adjudging quantum of penalty under section 15 I, the adjudicating officer shall have due regard to the following factors, namely: (a) the amount of disproportionate

Jindal Steel and Power Ltd. Vs. Cce

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Land Acquisition

Reported in : (2004)(96)ECC522

goods were still in the bonded warehouse, Section 61 (2)(ii) was amended as per Clause 106 of the Finance Act, 2001, whereby the above interest-free period was reduced from six months to thirty days.This amendment was made with … the Karnataka High Court's decision in Bangalore Wire Rod Mills v. UOI, 1992 (61) ELT 37 (Kar), wherein the imported goods were entered for warehousing … amount of duty payable at the time of clearance of the goods in accordance with the provisions of Section 15 on the warehoused goods, for the period from the expiry of the said 30 days till the date

National Engg. Inds. Ltd. Vs. Cit

Court : Kolkata

Subject : Direct Taxation

Reported in : [2001]80ITD9(Cal)

a scheme or arrangement referred to in clause (va).13. As clause (va) to section 2(5B) was inserted by Finance Act, 1992 with effect from 1-4-1993 and a reference to the RBI's guidelines has been made by the Finance Minister … units or certificates or other instruments. The Reserve Bank of India has, under Notification No. DFC.55/DG(O)-87, issued on 15-5-1987, treated such financial companies as residuary non-banking companies.In view of the fact that the government's intention is to