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The Life Insurance Corporation of India, Southern Zonal Office, L.i.C. ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 -- Sections 10 (14) -- Rule 2 BB; Constitution of India -- Article 226; Direct Tax Laws (Amendment) Act, 1987; Finance Act, 1995; Income Tax (VIII Amendment) Rules, 1995

Reported in : 2000(3)CTC93; [2000]245ITR224(Mad)

10(14) was amended by the Direct Tax Laws (Amendment) Act, 1987 with effect from 1.4.89 and again by Finance Act 1995 with effect from 1.7.95. Consequent on the aforesaid amendment, the special allowance of benefit which is eligible for … be included as part of the salary. According to the Income Tax Department, it was not covered by Section 10(14) of the Income Tax Act 1961 read with Rule 2-UB and consequently not eligible for exclusion. The said

Indian Oil Corporation Ltd. Vs. the State of Bihar and ors.

Court : Patna

Subject : Sales Tax

Acts : Bihar Tax on Entry of Goods into Local Areas for Consumption Use or Sale Therein Act, 1993 - Sections 7; Bihar Finance Act, 1981 - Sections 16(9)

or Sale Therein Act, 1993 (hereinafter referred to as 'the Act') read with Section 16(9) of the Bihar Finance Act (hereinafter referred to as the 'Finance Act') for not paying the admitted tax under the Act within time … Act') for not paying the admitted tax under the Act within time for the assessment years 1993-94, 1994-95, 1995-96 and 1998-99 and the demand notices dated 7th September,2002, (Annexures 16 series) issued in terms of the aforesaid … are intra vires and valid, which is reported in 1996 (1) P.L.J.R, 105 (S.C.) (State of Bihar v. Bihar Chambers of Commerce) and 103 S.T.C.

M/S.Rural Electrification Corporation Ltd. Vs. Commissioner of Income ...

Court : Authority for Advance Rulings

Subject : Land Acquisition

Matched in: Advocate Present for the Applicant Mr.Pradeep Dinodia, FCA Mr. D.S.Ahluwalia, GM, REC Mr. Rakesh Sareen, DGM (Finance)REC Mr. Murlidharan, CM(FandA), REC Present for the Department Mr.Pravin Rawal, Dy.Commissioner of Income-Tax (L.T.U.).

The Comissioner of Income-tax, Bombay City-ix, Bombay Vs. Shri J.V. Ko ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 10(13), 15, 16, 17(3), 41, 44, 45, 59, 192(5), 256(1) and 280-D; Finance Act, 1995

Reported in : 1998(4)BomCR821; [1999]235ITR239(Bom)

this anomaly and with a view of bringing such receipts within the provisions of the law, by the Finance Act, 1995, amended section 17(3)(ii) of the Act to restrict the exclusion from the definition of 'profits in lieu of … the opinion that the assessee having retired prematurely, the contributions made prior to 1961 only were exempted under section 10(13)(iv) of the Income-tax Act, 1961 ('Act'). Accordingly, he brought to charge a sum of Rs. 40,264/- after excluding

Krishi Utpadan Mandi Samiti Vs. Union of India (Uoi) and anr.

Court : Allahabad

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10(20); Constitution of India - Article 14; Finance Act, 2002; General Clauses Act

Reported in : (2004)188CTR(All)556; [2004]267ITR461(All); (2004)2UPLBEC1833

be mentioned that although earlier the expression 'local authority' was not defined in the IT Act, subsequently by Finance Act of 2002 it has been defined in the Explanation to Section 10(20) of the IT Act as follows:'Explanation: … of 'local authority' as contained in the Explanation to Section 10(20), vide P. Kasilingam v. P.S.G. College AIR 1995 SC 1395 (para 19). It is also not possible to refer to the definitions in other Acts, as

Beardsell Ltd. Vs. the Joint Commissioner of Income-tax, Special Range ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10(3), 45 to 55, 55(2), 143(1), 143(2), 143(3), 254(1), 260A and 263; Finance Act, 1995; Companies Act

Reported in : (2008)219CTR(Mad)44; [2008]297ITR87(Mad)

provide alternate accommodation is taxable under the head Capital Gains, which is prior to the amendment by the Finance Act, 19952. The facts leading to the above substantial question of law are as under:The assessee is engaged in … accommodation is taxable under the head Capital Gains, which is prior to the amendment by the Finance Act, 19952. The facts leading to the above substantial question of law are as under:The assessee is engaged in the … P.P.S. Janarthana Raja, J.1. This appeal is filed under Section 260A of the Income Tax Act, 1961 by the assessee, against the … considered as casual income and therefore the same is taxable under Section 10(3) of the Act. In view of the same, the Commissioner of Income-tax

Kechery Service Co-operative Bank Ltd. Vs. the Commissioner of Income ...

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 133(6)

Reported in : (2003)182CTR(Ker)517; [2003]263ITR161(Ker); 2003(2)KLT32

called for and names and addresses of depositors who hold deposits above a particular sum is certainly permissible. 10. The object of the amendment of Section 133(6) by the Finance Act, 1995(Act 22 of 1995) as explained … ambit of Section 133(6) of the Income Tax Act, 1961 (for short 'the Act') as amended by the Finance Act, 1995 arise for consideration in these appeals. All these writ appeals arise from a common judgment of the learned

Rechery Service Co-operative Bank Ltd. Vs. Cit

Court : Kerala

Subject : Direct Taxation

Reported in : [2003]129TAXMAN335(Ker)

called for and names and addresses of depositors who hold deposits above a particular sum is certainly permissible. 10. The object of the amendment of section 133(6) by the Finance Act, 1995 (Act 22 of 1995) as … section 133(6) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') as amended by the Finance Act. 1995 arise for consideration in these appeals. All these writ appeals arise from a common judgment of the learned

Mitsui and Company Ltd. Vs. Deputy Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

Reported in : (1999)65TTJ(Del)1

Explanationn in section 9(ii) of the Income Tax Act, 1961, with effect from 1st April, 1979 by the Finance Act, 1983, it is clarified and declared that the income which falls under the head 'salaries' payable for services … small amount of salary paid to its expatriate employees. The Assistant Commissioner issued a letter on 28th March, 1995, calling for information under section 133(6) of the Income Tax Act about the salary, etc., paid to expatriate … S.A. Hareford , Performing Right Society Ltd. & Anr. v. CIT (1976) 106 ITR 11 , Grindlays Bank Ltd. v. CIT : [1992]193ITR457(Cal) , British

Commr.of Income Tax-i,new Delhi Vs. Vatika Township P.Ltd.

Court : Supreme Court of India

Subject : Land Acquisition

to the CIT, in view of the provisions of Section 113 of the Act as inserted by the Finance Act, 1995 and clarified by the Board Circular No.717 dated 14.08.1995, surcharge was leviable on the income assessed. According to … a search and seizure operation under Section 132 of the Act on the premises of the assessee on 10.02.2001. Notice under Section 158BC of the Act was issued to the assessee on 18.06.2001 requiring him to file