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Mitsui and Company Ltd. Vs. Deputy Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

Reported in : (1999)65TTJ(Del)1

Explanationn in section 9(ii) of the Income Tax Act, 1961, with effect from 1st April, 1979 by the Finance Act, 1983, it is clarified and declared that the income which falls under the head 'salaries' payable for services … general managers of both the offices, acting as disbursing officers submitted annual returns of salary in Form No. 24 as required under section 206 of the Income Tax Act, each year.3.2. During the course of processing of

Commissioner of Income Tax, Coimbatore Vs. Lakshmi Machine Works

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 28, 40, 40A, 43, 80HHC, 80HHC(1), 80HHC(1A), 80HHC(3), 80HHC(4), 80I, 143(1) and 143(2); Customs Act, 1962 - Sections 50 and 50(1); Foreign Exchange Regulation Act, 1973; Finance Act, 1992; Imports and Exports (Control) Act, 1947 - Sections 28, 288 and 288(2); Excess Profits Tax Act; Business Profits Tax Act; Income Tax Rules, 1962 - Rule 18BBA(3); Customs and Central Excise Duties Drawback Rules, 1971; Income Tax Rules

Reported in : AIR2007SC2385; (2007)210CTR(SC)1; [2007]290ITR667(SC); JT2007(6)SC236; 2007(6)SCALE168

was as under:80HHC concession = export profits = export turnover - (costs attributable to such exports)9. By the Finance Act, 1992, one more amendment was made by which the legislature declared that commission received on assignment of export orders, … the above proposition has been accepted by the A.O. [See: page No. 24 of the paper book], if so, then excise duty and sales tax … Works (assessee) filed its return of income declaring its taxable income of Rs.50.80 lakhs. On 10.6.94 intimation under Section 143(1)(a) of the Income Tax Act, 1961 (for short, 'the Act') was sent by the Department accepting the

income Tax Officer Vs. D. M. Enterprises

Court : Delhi

Subject : Direct Taxation

Reported in : (1998)61TTJ(Del)423

of the Act.5. The learned Departmental Representative submitted that the provisions of section 184(1) as inserted by the Finance Act, 1992 with effective from 1-4-1993, clearly provide that a firm shall be assessed as a firm if the partnership … defect by filing the certified copy of the partnership deed along with revised return of income furnished on 24-3-1995. He, thereforee, held that the requirement of section 184 has been fully complied with and the assessee, is,

Z.F. Steering Gear (i) Ltd. Vs. Dy. Cit

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Act was inserted by the Finance Act, 1991 with effect from 1-4-1991. It was subsequently amended by the Finance Act, 1992 with effect from 1-4-1993 and then by Finance Act, 1993 with effect from 1-4-1994/1-4-1995. The deduction under Section … ending 31-3-1995. that all the conditions of Sub-section (2) of Section 80-IA were fulfilled. that during the period 24-2-1995 to 31-3-1995, 890 units of the power steering gears - 8043 (Type 302) were produced. (iv) Discussion at

Magma Leasing Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Section 24 and 24(1)

Reported in : (2003)180CTR(Cal)513,[2003]260ITR36(Cal)

entitled to deduction while computing his income from house property. Such deduction, as it stood prior to the Finance Act, 1992, which came into effect on April 1, 1993, relevant for our purpose, provides as follows :'24. (1) Income … the following grounds :'(i) Whether on a proper construction of the lease agreement dated January 7, 1983, and Section 24(1)(i)(a) the Tribunal was justified in law in holding that all the responsibilities of repair lay with the tenant

Shirish Finance and Investment (P.) Ltd. Vs. M. Sreenivasulu Reddy

Court : Mumbai

Subject : Company

Acts : Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1994 - Regulations 2, 2(1), 2(2), 3, 3(1), 4, 5, 5(1), 6, 9, 9(1), 9(2), 9(3), 10, 10(1), 10(2), 11, 12, 13, 14, 14(1), 15, 16, 16(1), 17, 18, 19, 20, 20(1), 20(2), 20(3), 21, 21(1), 21(2), 21(3), 21(4), 22, 23, 33, 33(2), 34, 36, 37, 37(2) and 39; Companies Act, 1956 - Sections 2, 2(11), 6, 7(1), 9(2), 10, 11, 11(2), 11B, 12, 15H, 15K, 15T(2), 15Y, 15Z, 16(2), 18(5), 20, 20A, 21, 24, 27, 27(3), 28, 30, 32, 38, 87, 108, 111, 111(4), 111(5), 111(7), 111(9), 111(10), 111(12), 111(14), 111A, 111A(2), 111A(3), 111A(5), 155, 155(1), 155(3), 169, 397, 398, 538, 545, 630 and 630(1); Transfer of Property Act, 1882 - Sections 6; Indian Contract Act - Sections 23 and 57; Securities and Exchange

Reported in : 2002(1)BomCR419

acquired by Imfa Holdings (P.) Ltd., Mahameru Trading (P.) Ltd., and Shirish Finance & Investments Ltd., Defendant Nos. 3, 4 and 5, respectively, with a … law as well as on account of the penal provisions in the Securities and Exchange Board of India Act, 1992. Furthermore, the provisions of Regulation 12 of the 1997 Regulations prohibit defendant Nos. 1 to 11 from acquiring … Director of defendant No. 3 company to show-cause as to why criminal prosecution should not be initiated under Section 24 of the Act for violation of Regulations 6 and 10. 35. The aforesaid two notices were issued by

Videocon International Ltd. Vs. Securities and Exchange Board of

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Subject : Land Acquisition

in appeals No.24/2001, 25/2001 and 26/2001 respectively, under the provisions of the Securities and Exchange Board of India Act, 1992 ( the Act) for violation of regulation 4(a) and 4(d) of the Securities and Exchange Board of India … B of the Act and regulation 11 of the 1995 Regulations, should not be issued, and proceedings under section 24 of the Act should not be initiated against it through its directors/officers i.e. Shri V.N.Dhoot, Shri S.M. Hegde … forward segment. The delivery of shares received was also utilised for raising finances by doing share badla. Thus, through this modus operandi, substantial portion of

Sterlite Industries (India) Ltd. Vs. Securities and Exchange Board of ...

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Subject : MRTP

initiate prosecution proceedings under Section 24 read with Section 27 of the Securities and Exchange Board of India Act, 1992 ('the Act') for violation of regulation 4(a) and 4(d) of the Securities and Exchange Board of India (Prohibition … Mehta, a page was found with the following in his hand writing 'Oil Vikas, Ster -195,000'. Dil Vikas Finance Limited is an associate of a company called Eldorado, known in market circles as 'a jobber' for the

Mitsui and Company Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

by inserting an explanation in s. 9(ii) of the IT Act, 1961, w.e.f. 1st April, 1979 by the Finance Act, 1983 [140 ITR (St) 116], it is clarified and declared that the income which falls under the head … 201(1A) of the later Act -------------------------------------------------------------------- Rs. Rs. -------------------------------------------------------------------- 1989-90 7,33,636 6,64,099 1990-91 47,17,597 37,11,590 1991-92 1,46,70,228 93,72,310 1992-93 2,02,83,770 1,00,27,809 1993-94 2,00,24,999 69,64,102 1994-95 87,32,058 18,32,446 ------------- ------------ 6,91,62,288 3,25,72,356 ------------- ------------ -------------------------------------------------------------------- 3.3. These facts … there was reasonable cause for failure to deduct tax at source. The section unlike the provisions of s. 271(1)(c) does not contain any artificial deeming

Radhika Agarwal versus Union of India and Others

Court : Supreme Court of India

Subject : Right to Information

Reported in : [2025]2S.C.R.1331

Customs Act, 1962 and the Central Goods and Services Tax Act, 2017 (GST Act).Headnotes† Customs Act, 1962 - Finance Act, 2012 - Finance Act, 2013 - Finance Act, 2019 - ss.104(4), 104(6) - Central Goods and Services Tax … (d) fraudulently obtaining an instrument for the purposes of this Act or the Foreign Trade (Development and Regulation) Act, 1992 (22 of 1992), and such instrument is utilised under this Act, where duty relatable to such utilisation of … and Cosmetics Act, 1940; Prevention of Money Laundering Act, 2002.List of Keywords Section 104(4), 104(6) of Customs Act, 1962; Finance Act, 2012; Finance Act, 2019; … - ss.4, 5, 50; Chapter XII - Constitution of India - Articles 246-A, 21 22(1), 32, 226 - Om Prakash case held that the offences