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Merit Enterprises Vs. Dy. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2007)288ITR226(Hyd.)

to various years covered by the block assessment. We find that second proviso to Section 7(2) of the Finance Act, 1995, specifically provides that "the amount of income-tax computed in accordance with the provisions of Section 112 or 113 … Income-tax, Eighth Edition (revised by Hon'ble Supreme Court Justice Mr. S. Ranganathan) Vol. I at page 57 under Section 38 with the head note 'Retroactive Legislation' and Chatuvedi & Pithisaria's 'Income-tax Law' Fourth Edition, 1990 Vol.1 at page

Rama Newsprints and Paper Ltd. and Vs. Commissioner of Central Excise

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Subject : Service Tax

Reported in : (2006)(104)ECC541

held that HSD oil is not an input under Section 57A or under Rule 57 B retrospectively from 1995. Relying on a similar explanation to Section 112 of the Finance Act, the Cegat held that no penalty … pending till such time an appropriate legislation to validate action is enacted. Thereafter by Section 131 of the Finance Act, 2001 Section 38-A was inserted in the Central Excise Act, 1944 providing that any amendment, repeal, suppression or

Birla at and T Communication Ltd. Vs. Joint Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2001)77ITD142(Mum.)

section 35ABB in the return filed for the assessment year 1996-97. It was further pointed out that the Finance Act, 1997 made the provisions of the section retrospective from 1-4-1996 and ensured that even those instalments of licence … following circumstances. The assessee is engaged in the business of providing telecom services. In the month of December, 1995, it paid licence fees of Rs. 313.8 crores in respect of the licence, which was to remain valid

Birla at and T Communication Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

s. 35ABB in the return filed for the asst. yr. 1996-97. It was further pointed out that the Finance Act, 1997 made the provisions of the section retrospective from 1st April, 1996 and ensured that even those instalments … following circumstances. The assessee is engaged in the business of providing telecom services. In the month of December, 1995, it paid licence-fees of Rs. 313.8 crores in respect of the licence, which was to remain valid for

Berla Atandt Communication Ltd. Vs. Joint Commissioner of Income Tax

Court : Mumbai

Subject : Direct Taxation

Reported in : (2000)67TTJ(Mumbai)648

section 35ABB in the return filed for the assessment year 1996-97. It was further pointed out that the Finance Act, 1997 made the provisions of the section retrospective from 1-4-1996 and ensured that even those instalments of licence-fees … following circumstances. The assessee is engaged in the business of providing telecom services. In the month of December, 1995, it paid licence-fees of Rs. 313.8 crores in respect of the licence, which was to remain valid for

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 … no substantial question of law is involved in this matter. Hence this appeal being I. T. A. No. 386 of 2007 is dismissed.66. Thus the hon'ble jurisdictional High Court has approved the order of the Income-tax Appellate

Jones (Respondent) Vs. Garnett (Her Majesty's Inspector of Taxes) (App ...

Court : House of Lords

Subject : Land Acquisition

true of sections 660A and 660B of the Income and Corporation Taxes Act 1988 as amended by the Finance Act 1995. 42. The very first of these enactments, section 20 of the Finance Act 1922, was aimed at revocable … blurred double vision. In Chamberlain v IRC (1943) 25 TC 3 , for instance, the court (in applying section 38(2) of the Finance Act 1938) had to identify "the property comprised in the settlement" and to decide whether

Fleming (T/a Bodycraft) (Respondent) Vs. Her Majestyand#8217;s Revenue ...

Court : House of Lords

Subject : Land Acquisition

time limit. 3. An amendment to section 80(4) of VATA 1994 was enacted by section 47 of the Finance Act 1997 with effect from 18 July 1996. It reduced the six year time limit for the recovery of … section 80 of the Value Added Tax Act 1994 and regulation 29 of the Value Added Tax Regulations 1995 (SI 1995/2518). As originally enacted, section 80 provided that no amount paid by way of VAT which was … for any transitional arrangements: Marks and Spencer II, [2002] ECR I-6325, para 38; Grundig, [2002] ECR I-8033, para 37. This much was common ground in

i. T. C. Classic Finance and Services Vs. Commissioner of Commercial T ...

Court : Andhra Pradesh

Subject : Sales Tax

Acts : Andhra Pradesh General Sales Tax Act, 1957 - Sections 2, 5, 5E, 9, 9(1), 15, 20(1), 23(1) and 38 ; Central Sales Tax Act, 1956 - Sections 3, 4 and 5; Karnataka Sales Tax Act, 1957 - Sections 2

Reported in : 1995(1)ALT563

Matched in: Citation 1995(1)ALT563

Virtual Soft Systems Ltd. Vs. Commissioner of Income Tax, Delhi-i

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28(1), 48, 143, 143(1), 143(1A), 260A, 271 and 271(1); Finance Act, 1975; Finance Act, 2002 - Sections 271; Taxation Laws (Amendment) Act, 1975; Finance Act, 1993; Finance Act, 1992; Finance Act, 1951; Income Tax Act, 1922 - Sections 23(5), 28 and 28(1); Constitution of India - Article 20(1)

Reported in : (2007)207CTR(SC)733; [2007]289ITR83(SC); JT2007(3)SC125; 2007(2)SCALE612; (2007)9SCC665

the Punjab and Haryana High Court pertaining to the assessment year 1970-71 was prior to the amendment of Finance Act, 1975 and therefore, was not applicable. For the same reason, the decision of this Court in affirming the … to its amendment by Finance Act, 2002. Contrary view is expressed in: 38,60,075. If the interpretation sought to be put by the Department is correct, … for the year was Rs.1,47,97,995.01 computed as under:Depreciation for Assessment year Rs. 1,32,44,507.291996-97Unabsorbed depreciation for Rs. 15,53,487.72Assessment Year 1995-96Total = Rs. 1,47,97,995.014. Accordingly, the appellant filed a 'nil' return and carried forward the unabsorbed depreciation of Rs. … passed by the Income Tax Appellate Tribunal (for short 'the Tribunal') under Section 260A of the Income Tax Act. Assessee also filed ITA No. of