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The Commissioner of Income-tax Vs. Synergy Financial Exchange Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28 to 41, 43, 43B and 43(3); Provident Fund Act; Finance Act, 1995; Finance (Amendment) Act, 2003

Reported in : (2006)205CTR(Mad)481; [2007]288ITR366(Mad); (2006)4MLJ1411

Section 32(1) of the Act, which was in force during the assessment year in question and omitted by Finance Act, 1995, with effect from 1.4.1996, where the actual cost of any machinery or plant does not exceed five thousand … according to the method of accounting regularly employed by him] only in computing the income referred to in Section 28 of that previous year in which such sum is actually paid by him. 4.3. During the relevant assessment

Rasiklal Ratilal Gandhi Vs. Union of India and Others

Court : Mumbai

Subject : Excise

Acts : Constitution of India - Articles 14 and 226; Central Excise and Salt Act, 1944 - Sections 11-B; Custom Acts, 1962 - Sections 27A; Finance Act, 1995 - Sections 28-AA

Reported in : 1998(4)BomCR503

till the insertion of section 27A in the Customs Act with effect from 1st April 1995 by the Finance Act, 1995 (Act No. 22 of 1995), there was no right under the Customs Act, entitling payment of interest on … Act provision was also made for payment of interest on delayed payment of duty by insertion of section 28-AA. The Supreme Court held that at the material time there having no statutory right entitling assessees to payment

Scottish Widows plc (Appellant) Vs. Commissioners for Her Majesty's Re ...

Court : UK Supreme Court

Subject : MRTP

or section 83(3) of the Finance Act 1989, as substituted by paragraph 16 of Schedule 8 to the Finance Act 1995 and paragraph 4 of Schedule 31 to the Finance Act 1996. If it falls within the scope either … investigation once in every period of twelve months of every insurance company which carries on long term business. Section 28 provides that it must maintain an account of the assets and liabilities attributable to its ordinary long-term insurance

T.S. Kumarasamy Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Madras

Subject : Direct Taxation

Reported in : (1998)65ITD188(Chennai)

crores cannot be sustained. The provisions of Chapter XIV-B have been brought on the statute book by the Finance Act, 1995 for assessing UDI of a person searched under section 132 of the Act for the block period of … Officer has stated that the sales figures available from 1-4-1990 to 17-10-1995 are to the tune of Rs. 28,59,37,287. In the same para 9 at page 11 of the impugned order the Assessing Officer has stated that

Orissa Power Generation Corpn. Ltd. Vs. Orissa Electricity Regulatory ...

Court : Orissa

Subject : ElectricityConstitution

Acts : Orissa Electricity Reforms Act, 1995 - Sections 10, 11, 11(1), 15A(3), 17, 21, 21(1), 21(2), 21(3), 21(4), 21(5), 28, 28(1), 28(2), 29, 29(2), 29(3), 29(5), 30, 30(3), 39, 46, 57, 57(3) and 58; Electricity (Supply) Act, 1948 - Sections 43A, 43A(1), 43A(2), 43(1)(2) and 49(3); Electricity Regulatory Commissions Act, 1998 - Sections 51; Central General Clauses Act, 1897 - Sections 6; Telecom Regulatory Authority of India Act, 1997 - Sections 11; Andhra Pradesh Electricity Reforms Act, 1999 - Sections 26 and 37; Electricity Act, 2003 - Sections 185(3); Constitution of India - Article 226; Orissa Electricity Regulatory Commission (Conduct of Business) Regulations, 1996 - Regulation 110(3); Telecommunication Interconnection Charges and Revenue Sharing (First Amendment) Regulations, 1999;

Reported in : AIR2005Ori125

power and in August 2001, Case No. 39 of 2001 was filed by Gridco before the Commission under Section 28 of the Act, 1995 and the Commission passed orders on 27-8-2001 in the said case No. 39 of … of the Supreme Court in Reserve Bank of India v. Peerless General Finance and Investment Co. Ltd. AIR 1987 SC 1023, India Thermal Power Ltd. … of bulk purchase and supply and transmission of electricity in the State of Orissa. The Orissa Electricity Reforms Act, 1995 (for short, 'the Act, 1995') came into force with effect from 1-4-1996 and under the provisions of the

Life Insurance Corporation of India Vs. Joint Cit

Court : Mumbai

Subject : Direct Taxation

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

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 assessment for assessment year 1992-93, referred to the definitions of debentures and bonds … the context in which the expression 'loans and advances' have been used. In this context he refers to section 28 of the Act, which according to him, postulates that there are various categories of loans and advances which … 28-11-1995, 24-7-1996, 30-7-1997, 28-7-1998, and 29-10-1999, for assessment years 1992-93, 1993-94, 1994-95, 1995-96 and 1996-97, respectively. Approval of the committee on disputes permitting the assessee

Commissioner of Customs versus M/S Canon India Pvt. Ltd.

Court : Supreme Court of India

Subject : Right to Information

Reported in : [2024]12S.C.R.202

- referred to. List of Acts Customs Act, 1962; Finance Act, 2022; Customs (Amendment and Validation) Act, 2011; Finance Act, 1995; Central Sales Tax Act, 1956; Finance Act, 2011; Finance Act, 2022; Central Board of Revenue Act, 1963; Customs … the Act, 1962.................................................. 98 viii. Section 6 of the Act, 1962..................................................106 ix. Observations on the constitutional validity of Section 28(11) of the Act, 1962.......................................................114 x. Bombay High Court decision in Sunil Gupta (supra).............123 xi. Amendments made by the

Commissioner of Income Tax Vs. Anand theatres

Court : Supreme Court of India

Subject : Direct Taxation

Reported in : (2000)160CTR(SC)492; [2000]110TAXMAN338(SC)

Hotel's case (supra) the Legislature amended the definition of 'plant' in section 43(3) of the Act by the Finance Act, 1995. The amending section clearly shows that the legislative intent was never to exclude cinema and hotel buildings which … (iii) in respect of any motor-car manufactured outside India, where such motor-cars acquired by the assessee after the 28th day of February, 1975, and is used otherwise than in a business of running it on hire for

Ericsson Telephone Corporation Vs. Commissioner of Income-tax

Court : Authority for Advance Rulings

Subject : Direct Taxation

Reported in : (1997)224ITR203AAR

India AB Vs.Income Tax Act, 1961 - Sections 9(1), 28 to 44C, 44D, 115A, 195(2), 245R and 245R(2); Finance Act, 1995; Agreement for Advance Avoidance of Double Taxation Between India and Sweden - Articles 7, 7(3) and 13 1. … Appellants: Ericsson Telephone Corporation India AB Vs.Income Tax Act, 1961 - Sections 9(1), 28 to 44C, 44D, 115A, 195(2), 245R and 245R(2); Finance Act, 1995; Agreement for Advance Avoidance of

income-tax Officer Vs. Kenaram Saha and Subhash Saha and

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

Reported in : (2008)301ITR171(Kol.)

the circumstances spelt out in Circular No. 220 were inclusive by way of examples and not exhaustive.5. That Finance Act, 1995 amended Section 40A(3) with effect from April 1, 1996, by which disallowance under Section 40A(3) was reduced to … Clause (i) of Sub-section (24) of Section 2 is "profits and gains". Thus, income includes profits and gains, Section 28 of the Income-tax Act provides various types of income which are chargeable to income-tax under the head "Profits