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Nokia Finance International Vs. Securities and Exchange Board of India

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

Subject : Right to Information

Reported in : (2005)64SCL155SAT

5 of SEBI Adjudication Rules, I hereby impose a penalty of Rs. 18,00,000/- (Eighteen Lacs Only) on Nokia Finance International Pvt. Ltd. for the reasons discussed above. This penalty is justified and appropriate as it would disgorge … which reads as under: "15. Therefore, in exercise of the powers conferred under section 15-I(2) of the SEBI Act, 1992, read with Rule 5 of SEBI Adjudication Rules, I hereby impose a penalty of Rs. 18,00,000/- (Eighteen Lacs … (2004) SAT 819 and KSL & Industries Ltd. v. SEBI (2004) SAT 797. The learned counsel argued that there was no complaint against the appellant

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 … (2008) 4 SCC 720), and more particularly, paragraphs 46, 67, 68, 78, 79 and 80 thereof, which read thus:- “46. In our opinion, there is … 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

Additional Commissioner of Vs. Hughes Services (Far East) (P.)

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2003)87ITD137(Delhi)

contending that off-period salary is taxable in view of the provisions of Explanationto Section 9(1)(ii) as substituted by Finance Act, 1999 which, according to him, is retrospective in operation, being clarificatory/declaratory in nature. It was emphasized by him … of Hon'ble Gujarat High Court reported as CIT v. S.G. Pgnatale [1980] 124 ITR 391 : 4 Taxman 79 to illustrate the meaning of the words ' earned in India used in Section 9(1)(ii). He also relied

Damodar Valley Corporation Vs. Central Electricity Regulatory

Court : Appellate Tribunal for Electricity APTEL

Subject : MRTP

was canvassed on behalf of Maithan Alloys & Bhaskar Shrachi that part-IV of the DVC Act deals with finance, accounts and audit and does not deal with determination of tariff. Therefore, Regulations framed under the Act of … projects of DVC are analogous to projects of NTPC commissioned prior to 1992 in which the capital investments was largely raised through budgetary support of … and transmission tariffs of the DVC.35. In connection with the aforesaid question, it is relevant to look at Section 79 of the Act of 2003. Section 79 of the Act of 2003, inter alia, provides that the Central

Sudipto Sarkar Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Land Acquisition

Reported in : (2006)101ITD229(Kol.)

the decision relied on by the ld.counsel for the assessee are prior to the amendment made by the Finance Act, 1992 with effect from 1.4.1993, therefore, the same are not applicable in the assessee's case. He, therefore, submits that … The Division Bench hearing this case had made a reference to the Hon'ble President, Income-tax Appellate Tribunal under Section 255(3) of the Income-tax Act, 1961 ('the Act') for constitution of a Special Bench, Accordingly, the Hon'ble President,

Binny Limited Vs. the Acwt, Jt. Cwt, Special Range Vi

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Direct Taxation

Reported in : (2006)280ITR179(Chennai)

We have considered the rival submissions carefully. Section 2(m) of the Wealth-tax Act, 1957, which was inserted by Finance Act, 1992, w.e.f. 1.4.1993 reads as under :- (m) "net wealth" means the amount by which the aggregate value computed … and specified area exceeds 5% i.e. 18%. Similarly in case of Rother House, Bangalore, the aggregate area is 79,280 sq.ft., built area is 6111 sq.ft. and therefore unbuilt area is 73,169 sq.ft and specified area is 51,532

Binny Ltd. Vs. Asstt. Cwt, Central Circle Ii(4)

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Direct Taxation

Reported in : (2005)96ITD500(Chennai)

have considered the rival submissions carefully. Section 2(m) of the Wealth Tax Act, 1957, which was inserted by Finance Act, 1992, with effect from 1-4-1993 reads as under: '(m) "net wealth' means the amount by which the aggregate value … 5 per cent i.e., 18 per cent. Similarly in case of Rother House, Bangalore, the aggregate area is 79,280 sq.ft. built area is 6,111 sq. ft. and therefore unbuilt area is 73,169 sq.ft. and specified area is

Suvardhan Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

Reported in : (1998)67ITD104(Bang.)

transferring, or enabling the enjoyment of, any immovable property." Clauses (v) & (vi) above were added by the Finance Act, 1984, w.e.f.1-4-1988. The learned counsel for the assessee also placed reliance on the decision of the Hon'ble Supreme … Cine Corpn. [1968] 68 ITR 240, CIT v. Bankey Lal Vaidya [1971] 79 ITR 594 and in Malabar Fisheries Co. v. CIT [1979] 120 ITR … 17-10-1988, the other two partners Mrs. AMG and BC continued the partnership. By a notice dated 30-1-1995 under section 142(1), which was served on the assessee on 1-2-1995, Compliance of the assessee was sought for. There was

Hindalco Industries Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2004)85TTJ(Mum.)71

placed in Section 48 (Of course, Section 48 has been totally recast w.e.f. 1st April, 1993, by the Finance Act, 1992). The words "such income", in our opinion, meant and referred to the capital gains and not the total … up a one million tonnes capacity steel plant on 7th May, 1993 for a consideration of US $ 79,500. The company remitted the said consideration in three equal instalments of US $ 26,500 on 30th July, 1990,

Hindalco Industries Ltd. Vs. the Income-tax Officer (Tds)

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2004)91ITD64(Mum.)

Section 48 (Of course, Section 48 has been totally recast with effect from April 1, 1993, by the Finance Act, 1992). The words "such income", in our opinion, meant and referred to the capital gains and not the total … in the said cases; 13. The learned Departmental Representative submitted that there is no dispute regarding US $ 79,500 on which the assessee himself had deducted tax for the technical services rendered by Raytheon. The learned DR