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A.H. Baldota Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2006)103TTJ(Mum.)517

off this loss against his income from other sources and/or under other head after the amendment made by Finance Act, 1992. This is relevant because unless a partner has share of loss assessable in his hands under the head … that loss receivable from the firm cannot be assessed in his hands.28. In this context it is observed Section 75 provides for bringing back into firm the share of losses of the partners pertaining to years prior to

Commissioner of Wealth-tax Vs. Kodaikanal Club

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1983 - Sections 40, 40(1), 40(6) and 40(7); Wealth Tax Act, 1957 - Sections 2, 3 and 21AA; Finance Act, 1960 - Sections 13; Societies Registration Act, 1860; Income Tax Act, 1961 - Sections 2(17) and 2(18)

Reported in : (2003)181CTR(Mad)534; [2003]260ITR617(Mad)

assessable entities are individual, Hindu undivided family and company. In the year 1960, by Section 13 of the Finance Act, 1960, the levy of wealth-tax on the wealth of companies came to be excluded with effect form the … Both the appeals were heard together by the Income-tax Appellate Tribunal, which by its order dated June 24, 1992, allowed the appeal filed by the assessee in W. T. A No. 1099/ Mds. of 1990, consequently dismissed

Voltas Limited Vs. the State of Jharkhand and ors.

Court : Jharkhand

Subject : Sales TaxLimitation

Acts : Indian Companies Act, 1913; Bihar Finance Act, 1981 - Sections 12, 13, 17(5), 18, 19(1), 21, 21(1), 24 and 58; Bihar Finance Rule, 1981 - Rule 13A; Rajasthan Sales Tax Act - Sections 5(3); Rajasthan Sales Tax Rule - Rule 29(2); 46th Amendment Constitution of India - Article 366(29A)

Reported in : [2006(3)JCR518(Jhr)]

one place to another and the sale of such air-conditioners is chargeable to sales tax under the Bihar Finance Act, 1981 under Entry No. 116 of the Schedule at the rate of 16%.6. One of the disputes in … the rate of 8%. Further, according to the respondents, the provision of Section 12 of the Bihar Finance Act is not applicable in these cases, … the case of Jamshedpur Contractors Association v. State of Bihar reported in 75 STC page-132, Ranchi Bench of Patna High Court declared Rule 13A, as … 467/05 1986-87 W.P.(T)No. 493/05 1987-88 W.P.(T)No. 466/05 1988-89Other three writ petitions relate to the assessment years 1990-91 to 1992-93. The petitioner has challenged the orders of remand, as made by the appellate authority on the ground of

Mathura Dass and ors. Vs. State of Punjab and ors.

Court : Punjab and Haryana

Subject : Constitution

Acts : Constitution of India - Articles 14 and 226; Punjab Municipal (Amendment) Act, 2002; Punjab Municipal Corporation (Amendment) Act, 2002; Constitution (74th Amendment) Act

Reported in : AIR2003P& H59

filed. When these petitions were take up for consideration, the Principal Secretary to Government of Punjab, Department of Finance, filed an affidavit averring inter alia that the Council of Ministers had met on 28th November, 2001. A … to the Constitution. 34. Part IXA comprising Articles 243P to 243ZG was inserted by the Constitution (74th Amendment) Act, 1992, It came into force with effect from 1st June, 1993. Article 243P provides the definitions. In Clause (e), … petitioners, it has been contended that the impugned amendments have taken away 75% of the income of the Municipal Bodies. These are violative of the … enacted to 'make better provision for the administration of Municipalities in Punjab.' Section 61 empowers the Municipal Committees to levy taxes. Section 70 provides for

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

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 … 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 … of acts, practices and course of conduct that deceive the market place...." 75. The above observations were made by the Administrative Judge while considering whether

Geo Seafoods Vs. Additional Sales Tax Officer Iv and anr.

Court : Kerala

Subject : Sales Tax

Acts : Kerala General Sales Tax Act, 1963 - Sections 17 and 17(6); Finance Act, 1993; Kerala General Sales Tax Rules, 1963 - Rule 32(21)

Reported in : [2000]119STC236(Ker)

of the assessments, then the entire assessments will be bad and likely to be struck down. By the Finance Act, 1993, the Legislature amended Section 17 of the Act and included Section 17(6). under Section 17(6), the maximum … Mattancherry, Kochi, directing it to produce the accounts and other documents relating to the periods from 1974-75 to 1992-93 for finalisation of the assessment. Exhibit P1 is the copy of the notice. It is stated in the

In Re: Bonanza Biotech Ltd.; in Re:

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

Subject : Land Acquisition

reached SEBI on 20.11.2003 Summons to appear in person before investigating authority Under Section. 11C (5) of SEBI Act, 1992 on 19.12.2003 in respect of their dealings in the scrip of Design Auto Systems Ltd. for the period … to which the shares of DASL had been transferred were confronted, they replied that they were not arranging finances. Mr. Manoj Ganeriwala to whom BBL had transferred 50 lac shares, stated in his sworn statement that he … in the SCN that PFPL was in receipt of total 1, 08, 75,000 unlisted shares of DASL. On being asked the reason of these transfer,

C. S. Mathur Vs. Central Board of Direct Taxes and anr.

Court : Delhi

Subject : Direct Taxation

Reported in : (1998)147CTR(Del)75

Matched in: Citation (1998)147CTR(Del)75

Sandip Save, Promod Broota, NitIn Vs. the Chairman, Securities and

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

Subject : Land Acquisition

Reported in : (2003)41SCL47SAT

agreement gave option to the financiers to acquire the shares for the purchase of which they were giving finance. He submitted that the Appellants accepted IDBI's offer by their letter dated 15.11.1999 and offered revised payment schedule … guilty of violating the provisions of sections 15A and 15H of the Securities and Exchange Board of India Act, 1992 (the Act) read with regulations 7(1) and 11 (1) of the Securities and Exchange Board of India (Substantial … accordance with the provisions of law, 15% or more but less than 75% of the share or voting rights in a company, shall acquire, either … penalty against the Appellants, holding them guilty of violating the provisions of sections 15A and 15H of the Securities and Exchange Board of India Act,

Bank of America Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2001)78ITD1(Mum.)

income-tax) of this Act in respect of the total income of the previous year of every person. The Finance Act, 1992, Finance Act, 1993 and the Finance Act, 1994 provide for levy of tax in the case of companies … States. It had filed the returns of income for assessment years 1992-93 to 1994-95 in India. Assessments under Section 143(3) had been completed for the said assessment years. In the case of domestic companies, the rate of