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Pannalal Bhansali versus Bharti Telecom Limited & Ors.

Court : Supreme Court of India

Reported in : [2026] 3 S.C.R. 493

Comp. Cases 377 (Bom.) - referred to. British and American Trustee and Finance Corporation v. Couper(1894) SC 399; Kiri Industries Ltd. v. Senda International CapitalLtd. … India; Companies Act, 2013; Companies (Accounts) Rules, 2014; Special Court (Trial of Offences relating to Transactions in Securities) Act, 1992; Chartered Accountants Act, 1949. 496 [2026] 3 S.C.R. Supreme Court Reports List of Keywords Buy-back offer; Discount for … Ors.a closely held company having 1.09% of its shareholding with individuals, decided to reduce its share capital under Section 66 of the Companies Act 20131 by cancelling 28,457,840 equity sharesheld by the identified minority shareholders by paying an

R. Piyarelall Import and Export Ltd., a Company Incorporated Under the ...

Court : Mumbai

Subject : Constitution

Acts : Destructive Insects and Pests (Amendment and Validation) Act, 1992 - Sections 4 and 11; Companies Act, 1956; Destructive Insects and Pests Act, 1914 - Sections 3, 3(1) and 3(3); Inter-State Water Disputes Act; Karnataka State Civil Services (Regulation of Promotion, Pay and Pension) Act, 1973 - Sections 11(2); Cess and Other Taxes on Minerals (Validation) Act, 1992; M.M.R.D. Act - Sections 2 and 2(1); Finance Act, 2000 - Sections 116 and 117; Finance Act, 2003 - Sections 158; Finance Act, 1994 - Sections 65, 65(5), 66, 66(3), 68(1), 68(1A) and 71; Finance (Amendment) Act, 1997; Service Tax Rules, 1994 - Rule 2(1); Plants, Fruits and Seeds (Regulation of Import into India) Order, 1989; Karnataka Cauvery Basin Irrigation Protection Ordinance, 1991

Reported in : 2006(4)BomCR637; [2006(3)JCR181]; 2006(6)MhLj123

cannot be and is not disputed. The question is whether by enacting Sections 116 and 117 of the Finance Act, 2000 and Section 158 of the Finance Act, 2003, the bases on which this Court struck down Rule … this writ petition seek to challenge the constitutional validity of the Destructive Insects and Pests (Amendment and Validation) Act, 1992 (hereinafter to be referred to as 'the Validation Act, 1992). The challenge is on the ground that the … other sections regarding the liability to furnish returns, assessments, penalties etc. flowed from that. It was because unamended Section 66 spoke of the liability to pay tax in respect of services 'which are provided to any person by

Maruti Suzuki Ltd. Vs. Commissioner of Central Excise, Delhi-iii

Court : Supreme Court of India

Subject : Excise

Acts : Central Excise Tariff Act, 1985; CENVAT Credit Rules, 2002 - Rules 2, 3(1), 6, 6(1) and 14; Additional Duties of Excise (Textile and Textile Articles) Act, 1978 - Sections 3, 3(2), 4 and 4(2); Additional Duties of Excise (Goods of Special Importance) Act, 1957 - Sections 3; Finance Act, 2001 - Sections 65, 66 and 136; Provisional Collection of Taxes Act, 1931; Finance Act, 2003 - Sections 157; Customs Tariff Act - Sections 3; Provisional Collection of Taxes Act, 1931; Finance (No. 2) Act, 2004 - Sections 91, 93, 95; Central Excise Rules, 2000 - Rules 3(1), 7, 9 and 16(2); CENVAT Credit Rules, 2004

Reported in : 2009(168)LC87(SC); 2009(240)ELT641(SC); JT2009(11)SC8; 2009(11)SCALE446; (2009)9SCC193; [2009]18STJ323(SC); [2009]22STT54; 2009(7)LC3257(SC)

Finance (Department of Revenue), namely:(1) No. 70/92-Central Excise, dated the 17th June, 1992, G.S.R.595 (E), dated the 17th June, 1992;(2) No. 62/95-Central Excise, dated the … excise leviable under Section 157 of the Finance Act, 2003 (32 of 2003);(ix) the service tax leviable under Section 66 of the Finance Act; and(x) the Education Cess on taxable services leviable under Section 91 read with Section … Importance) Act, 1957 ( 58 of 1957);v. the National Calamity Contingent duty leviable under Section 136 of the Finance Act, 2001 (14 of 2001), as amended by Clause 161 of the Finance Bill, 2003, which clause has, by

Tamil Nadu Kalyana Mandapmam Am Assn. Vs. Union of India (Uoi) and ors ...

Court : Supreme Court of India

Subject : Service Tax

Acts : Finance Act, 1994 - Sections 17, 65, 65(19), 65(20), 65(22), 65(23), 65(41), 65(48), 66, 66(1), 67, 68, 85(2), 88 and 93; Service Tax Rules, 1994 - Rules 2(1) and 6(3); Finance Act, 1997 - Sections 84; Transfer of Property Act, 1882 - Sections 3; Finance Act, 1998; Finance (No.2) Act, 1996 - Sections 85; Constitution of India - Articles 14, 19, 19(1), 246, 246(1), 246(3) and 366(29A); Constitution of India (46th Amendment) Act - Article 366(29A); Central Excise Act, 1944 - Sections 11B; Sale of Goods Act, 1930

Reported in : AIR2004SC3757; (2004)4CompLJ108(SC); 2004(3)CTC63; (2004)188CTR(SC)297; 2004(93)ECC353; 2004(167)ELT3(SC); [2004]267ITR9(SC); [2004(4)JCR66(SC)]; JT2004(4)SC568; (2004)3MLJ; (2004) 5 SCC 632

the Madras High Court dismissed the writ petition of the appellant-Association and held Sections 66, 67(o) of the Finance Act, 1994 and Rule 2(1)(d)(ix) of the Service Tax Rules, 1994 and other provisions related to Kalyana Mandapmam ams … an Association of various Kalyana Mandapmam ams bearing Registration No. 513 of 1992. The appellant-Association has been formed to protect the interest of the owners … India. The service tax provisions have the following scheme.(i) Section 65 of the Act provides for taxable services;(ii) Section 66 of the Act provides for the charge of service tax by the person designated as 'the person responsible

Smartchem Technologies Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2005)97TTJ(Ahd.)818

depreciation as applicable to intangible assets. (i) The appellant invited our attention to the Explanatory Memorandum to the Finance Act, 1998, for making an amendment in Section 32 thereby allowing depreciation to be claimed in case of intangible … disallowance of an amount of Rs. 1, 50, 766 and Rs. 1, 66, 657 under Sections. 36(1 )(va) and 43B of the Act, respectively, in … service or otherwise. As the assessee had deposited the amounts within the period relevant to the asst. yr. 1992-93, so, if the assessee's claim was not allowed in this year then it will not get any benefit

Petrosil Oil Company Ltd. Vs. Commissioner of Income-tax

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(17), 2(18), 2(18)(B), 18(5), 43(5), 66(1), 81, 104, 108, 139, 194, 246 and 259

Reported in : [1999]236ITR220(Bom)

in the Finance (No. 2) Act of 1971, for the purpose of the First Schedule to the said Finance Act 2. Whether, on the facts and in the circumstances of the case, the Tribunal rightly held that no … or was assessed as a company for any assessment year under the Indian Income-tax Act, 1922 (11 of 1992), or which is or was assessable or was assessed under this Act as a company for any assessment … Dr. B.P. Saraf J.1. By this reference under section 256(1) of the Income-tax Act, 1961, the Income-tax Appellate Tribunal has referred … one aspect, requiring to be tackled from different standpoints. All that section 66(1) requires is that the question of law which is referred to the

H.P. State Forest Corpn. Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Direct Taxation

Reported in : (2002)80ITD591(Chd.)

the assessment was set aside by the Tribunal on 28th March, 1942, on the ground that the Indian Finance Act, 1939, was not in force during the asst. yr. 1939-40 in Chota Nagpur. On a reference under Section … by means of an order passed under Section 139(9), dt. 3rd June, 1992. ' 3. The assessee filed a writ petition in the High Court … Act, 1939, was not in force during the asst. yr. 1939-40 in Chota Nagpur. On a reference under Section 66 of the IT Act, 1922, the High Court agreed with the view of the Tribunal. On 30th June,

George Oakes Private Ltd. Vs. Commissioner of Income-tax, Madras.

Court : Chennai

Subject : Direct Taxation

Reported in : [1966]60ITR710(Mad)

the circumstances of the case, the computation of the rebate under the provisions of Part B of the Finance Act, 1956, is right in law ?'The circumstances leading to this reference may be shortly stated. The matter relates … .VEERASWAMI J. - The following questions have been referred to us under section 66(1) of the Income-tax Act, 1992 :'(1) Whether, on the facts and in the circumstance of the case, the Income-tax Officer is right in

Commissioner of Income-tax Vs. Bombay Burmah Trading Corporation Ltd.

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 18A(6) and 49D

Reported in : [1993]201ITR1058(Bom)

and so far as it is not due to variations in the rates of tax made by the Finance Act enacted for the year for which the regular assessment is made, simple interest at the rate of six … Dr. B.P. Saraf, J.1. By this reference under section 66(1) of the Indian Income-tax Act, 1992, made at the instance of the Revenue, the Income-tax Appellate Tribunal has referred the following question of law

Smt. Shashi Devi Vs. Income-tax Officer and ors.

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Finance Act, 1997 - Sections 64; Income Tax Act, 1961 - Sections 131 and 131(1)

Reported in : [2000]241ITR216(MP)

the Voluntary Disclosure of Income Scheme, 1997, promulgated by the Government in accordance with Section 62 of the Finance Act, 1997 (Act No. 26 of 1997). The petitioner submits that according to the scheme a person could make … such manner as may be prescribed. Sub-section (2) of Section 65 provides who has to sign the declaration. Section 66 provides the time for payment of the tax and Section 67 authorises recovery of interest. According to Section … in their return have stated that the petitioner is an assessee since 1992-93. She had constructed a five storeyed building with a basement floor and