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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 … s. 10(2A), with effect from 1st April, 1993, and omission of s. 67 and r. 5 of Part IV of First Schedule of Finance Act, … 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

Md. Musa Kazmi Vs. State of Bihar and ors.

Court : Patna

Subject : Service

service of the Intermediate Council.14. The writ petition accordingly stands allowed. No cost. (A) Bihar Intermediate Education Council Act, 1992, Section 27 - Bihar State Universities Act, 1976, Section 67 [as amended by Bihar State Universities (Amendment) Act, 1990] … Jha, J.1. The controversy in this writ petition relates to the age of superannuation of the petitioner as Finance Officer of the Bihar Intermediate Council (called 'the Intermediate Council', in short). The background in which the controversy

Assistant Commissioner of Vs. Smt. Chandri N. Shah

Court : Income Tax Appellate Tribunal ITAT Nagpur

Subject : Direct Taxation

Reported in : (1999)71ITD231(Nag.)

to be aggregated for rate purpose, in view of section 10(2A), with effect from 1-4-1993, and omission of section 67 and Rule 5 of Part IV of First Schedule of Finance Act, 1992, with effect from the same … of the firm shall not form part of total income of the partners. As per section 2(9)(J) of Finance Act 1992, the net agricultural income of a person was to be computed in accordance with the Rules contained in

Sudhir Dattaram Patil Vs. Dy Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)2SOT678(Mum.)

To decide this issue it is necessary to examine certain amendments took place with effect from 1-4-1993 through Finance Act, 1992. Before amendment there was a section 67 of Income Tax Act providing method of computing a partner's share

Life Insurance Corporation of India Vs. Joint Cit

Court : Mumbai

Subject : Direct Taxation

Reported in : (2002)74TTJ(Mumbai)624

securities is intended to be taxed under the provisions of the Interest Tax Act (45/1974) as amended by Finance Act, 1992. As stated earlier, exclusion of interest on securities from the taxability to Interest Tax Act led to ambiguity. … interest under the Act as the same could not be classified as interest on loans and advances under section 2(7) of the Interest Tax Act, 1974 (as amended by the Finance Act, 1994).4. Assessing officer in the

Jt. Cit Vs. Groz Backert Asia Ltd.

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Direct Taxation

Reported in : (2003)86ITD291(Chd.)

of deduction provided by sub-section (3) for several years was not considered sufficient and through amendment made by Finance Act, 1992, it has been thought proper by legislature to increase the amount of deduction by 90 per cent of

Commissioner of Wealth Tax Vs. Smt. K.R. Ushasree and ors.

Court : Kerala

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 2; Finance Act, 1992

Reported in : (2010)229CTR(Ker)52

CIT : (2003) 179 CTR (SC) 1 : (2003) 11 SCC 363.4. The WT Act was amended by Finance Act, 1992 to implement the recommendations of the Chelliah Committee. The Committee's recommendations are extracted in the Budget Speech of … in the hands of the assessees who are all individuals, does not form part of the asset under Section 2(ea)(vi) of the WT Act. We have heard senior counsel Sri P.K.R. Menon appearing for the appellants and

Grays Timber Products Ltd Vs. Revenue and Customs (Scotland)

Court : UK Supreme Court

Subject : Land Acquisition

of Chapter 3D of the Income Tax (Earnings and Pensions) Act 2003 ("ITEPA 2003") as inserted by the Finance Act 2003, Schedule 22. Chapter 3D consists of only three sections which are, by comparison with other chapters in … main area of controversy is "market value", which is defined by reference to the Taxation of Chargeable Gains Act 1992. 3. However Chapter 3D forms part of a complex code with fairly deep and tangled legislative roots. Many … the Finance Act 2003, Schedule 22. Chapter 3D consists of only three sections which are, by comparison with other chapters in Part 7 of ITEPA … Court of Appeal in Harman v BML Group Ltd [1994] 2 BCLC 674. In that case Dillon LJ, in a single extempore judgment with which

Rashmikant Kundalia and Another Vs. Union of India and Others

Court : Mumbai

Subject : Direct Taxation

in such manner and setting forth such particulars and within such time as may be prescribed. (Inserted by Finance Act (No.2) Act, 2014 w.e.f. 1-10-2014)[Provided that the person may also deliver to the prescribed authority a correction statement … Laxmi Devi (Smt) (2008) 4 SCC 720), and more particularly, paragraphs 46, 67, 68, 78, 79 and 80 thereof, which read thus:- “46. In our … Petition filed under Article 226 of the Constitution of India, the Petitioners have challenged the constitutional validity of section 234E of the Income Tax Act, 1961. Section 234E seeks to levy a fee of Rs.200/- per day

Sesa Goa Limited and Others Vs. Commissioner of Customs, Central Excis ...

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Subject : Service Tax

functioning under Section 14 of the Customs Act. Learned SDR has also referred to Section 67 of the Finance Act, 1994, which deals with valuation of taxable services for charging service tax. He has particularly referred to Explanation … Forests, Palghat and Anr. (AIR 1990 SC 1747), Union of India and Anr. v. Deoki Nandan Aggarwal (AIR 1992 SC 96), Institute of Chartered Accountants of India v. Price Waterhouse and Anr. (1997 (6) SCC 312) and