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Macintosh Finance Estates Ltd. Vs. Additional Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Tribunal order in this case was passed on 14-1-1999 whereas Section 14A was inserted with retrospective effect by Finance Act, 2001 and hence Section 14A was not available before the Tribunal. In view of above discussion, we set … is also held by him that since the dividend income is exempt, the interest is not allowable under Section 57 also. For these reasons, the assessing officer disallowed the interest expenses ofs. 44.19 lakhs. On appeal, learned Commissioner

Shri M.U. Joshi Vs. the Tax Recovery Officer,

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 143(3) and 245I; Finance Act, 1992; Income Tax Rules - Rules 57, 58, 63(1), 68B, 68B(1) and 68B(2)

Reported in : 2005(6)BomCR17; (2005)199CTR(Bom)249; [2006]281ITR289(Bom); 2006(1)MhLj95

liable to be vacated. 10. Rule 68B was introduced in the Second Schedule to the I.T. Act by Finance Act, 1992 specifically with a view to prescribe time limit of three years for sale of attached immovable properties. Proviso … less than the reserve price or under the circumstances mentioned in rule 57 or rule 58 or where the sale is set aside under rule … of M/s. Joychem Chemical & Pharmaceuticals Industries ('the firm' for short). Pursuant to the assessment orders passed under section 143(3) of the Income Tax Act ('I.T. Act' for short) for A.Y.86-87 and 87-88, huge demands were raised

Vijayakumar Mills Ltd. Vs. Commissioner of Income-tax

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 36, 36(1), 43 and 57

Reported in : [1992]194ITR197(Mad)

Matched in: Citation [1992]194ITR197(Mad)

Sebi Vs. Pursarth Trading Company Private

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

Subject : MRTP

the market. In the statement he has stated, All of the above entities are in the business of finance since very long and during this period they have done sell and cash type business with Harbinger Trading … whereby they were advised to show cause as to why the action under Section 11 B of SEBI Act, 1992 read with Regulations 11 and 13 of PFUTP Regulations including debarring the Noticee from accessing capital market should … by the Honble Securities Appellate Tribunal (SAT) in Appeal Nos 54 to 57 of 2002 in the case of Nirmal Bang Securities (P) Ltd. v.

Punjab State Industrial Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Direct Taxation

Reported in : (2007)292ITR268(Chd.)

gross amount of such dividends.15. It may be pertinent to mention that Section 80M was omitted by the Finance Act, 1997 (26 of 1997) w.e.f. 1st April, 1998 in consequence of insertion of Section 10(33) of the IT … has not been considered. It was further contended that proportionate management expenses have got to be deducted under Section 57 of the IT Act, 1961 10. In counter-reply, the learned Counsel for the assessee contended that the decision … this case, the Chandigarh Bench of the Tribunal for asst. yrs.1990-91 to 1992-93 in ITA No. 1333/Chd/1994, ITA Nos. 944 and 1591/Chd/1995 vide order dt.

M/s.G.G.Steels Vs Union of India

Court : Chennai

103. Rep by its Partner Rohit Goel. Petitioner(s) Vs1. Union of India, Represented by its Secretary, Ministry of Finance, Department of Revenue (Central Board of Indirect Taxes and Customs) North Block, New Delhi- 110 001.2. The Director … - 2020 dated 05.02.2016 issued under Section 3, Sub- Section (ii) of the Foreign Trade (Development and Regulations) Act, 1992 read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015- 2020, as amended from time to … a Writ of Certiorari, calling for records in and connected with Notification 57/2015-2020 dated 14.02.2023 issued by the 2nd respondent, quash the same as it

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

this lease finance agreement, the appellant had taken lease finance of total 57 cars out of which one car was foreclosed in or about January, … 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 … 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

Wallfort Shares and Stock Brokers Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

Reported in : (2005)96ITD1(Mum.)

of section 14-A by the Finance Act, 2001 with retrospective effect from 1-4-1962; Explanation to section 36(1)(viii) by Finance Act, 1992 with retrospective effect from 1-4-1987 and so on. If intention of the legislature was to give retrospective effect … are that the assessee company filed return of income for assessment year 2001-2002 disclosing total income at Rs. 57,31,610 on 29-10-2001. The assessing officer completed assessment under section 143(3) on 31-3-2003 at total income of Rs. 2,58,46,553.

Wallfort Shares and Stock Brokers Vs. Income-tax Officer [Alongwith

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

of Section 14-A by the Finance Act, 2001 with retrospective effect from 1.4.1962; Explanation to Section 36(1)(viii) by Finance Act, 1992 with retrospective effect from 1.4.1987 and so on. If intention of the legislature was to give retrospective effect … are that the assessee company filed return of income for assessment year 2001-2002 disclosing total income at Rs. 57,31,610/-on 29th October, 2001. The Assessing Officer completed assessment Under Section 143(3) on 31.3.2003 at total income of Rs.

The Peerless General Finance and Investment Co. Ltd. Vs. Punjab and Si ...

Court : Delhi

Subject : Commercial

Acts : Companies Act, 1956; Letters Patent Act; Contract Act, 1872 - Sections 10, 20, 23, 29, 128; Evidence Act, 1872 - Sections 91 and 92; Banking Regulation Act, 1949 - Sections 21 and 35; Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992; Civil Proceduer Code - Order 23, Rule 1(4) - Order 2, Rule 2

Reported in : 2008(1)CTLJ74(Del)

been unequivocally accepted by the contractor and in consideration of the purchase letter of intent, M/s Peerless General Finance & Investment Co. Ltd., having their registered office at 3, Esplanade East Calcutta-700069 hereinafter called the 'Company' (which … of the circulars. It was noted that the Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992 did not provide that transactions entered into with third parties would be invalidated in case of violation of … in respect of an inter-corporate advance. A reference was also made to Section 20 of the Indian Contract Act, 1872 (hereinafter referred to as the