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National Dairy Development Board Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2008)114TTJ(Ahd.)145

system of accounting. The provisions of Section 145 pertaining to the method of accounting were amended by the Finance Act, 1995 w.e.f. 1st April, 1997 as a result of which, every assessee was required to maintain its books of … a corporation constituted under the NDDB Act, 1987, which came into effect on 12th day of October, 1987. Section 44 of this Act provided that the NDDB would not be liable to pay income-tax or any other tax

Patel Engineering Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

Reported in : (2005)94ITD411(Mum.)

of an industrial undertaking or a hotel or from operation of ships. However, this section was amended/modified by Finance Act, 1995 w.e.f. 1st April, 1996, i.e., from asst. yr. 1996-97 whereby profit and gains derived from some other business … parties, or of the law, by which the title to property is conveyed from one person to another (Section 44, Transfer of Property Act); 2. To convey title or interest in property to another Section 19(2)(g) Indian Partnership

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 … 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

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 … of insurance carried on by a mutual insurance company or by a co-operative society, computed in accordance with section 44 or any surplus taken to be such profits and gains by virtue of provisions contained in the First

Karnataka Woods and Plywoods Vs. Union of India (Uoi) and ors.

Court : Karnataka

Subject : Excise

Acts : Central Excises Act, 1944 - Sections 11A, 11A(2), 11AA, 11AB and 35L; Central Excise Tariff Act, 1985; Finance Act, 1995; Parent Act; Constitution of India - Articles 226, 227 and 265; Central Excise Rules, 1944 - Rule 173G and 173I

Reported in : 2009(171)LC1(Karnataka); 2009(4)KarLJ683

the assessee, the Legislature introduced the provisions of Section 11AA of the Central Excise Act by way of Finance Act, 1995 and with effect from 26-5-1995.Section 11AA reads as under:Section 11AA. Interest on delayed payment of duty.-(1) Subject to … clearance was on the premise that the goods manufactured by the petitioner were to be classified under Entry 4408.90 as claimed by the petitioner-assessee and on the premise that what was being manufactured was timber boards and

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 … the decision of the hon'ble apex court in the case of CIT v. Tara Agencies [2007] 292 ITR 444.32. Coming to the various provisions of the Income-tax Rules, he stated that the Rules are to be strictly

Reserve Bank Of India Vs. A K Nair

Court : Supreme Court of India

Subject : Land Acquisition

to a communication dated 18th October, 2006 issued by the Banking Division, Department of Economic Affairs, Ministry of Finance, GoI addressed to, inter alia, the Chief General Manager, RBI on the subject of “Concession and relaxation to … in the services under the State.” Additionally, the Statement of Objects and Reasons for the 77th Constitutional Amendment Act, 1995, reads as follows: “The Scheduled Castes and the Scheduled Tribes have been enjoying the facility of reservation in … in Indra Sawhney (supra) and ‘horizontal’ reservations for persons with disabilities under Section 338 of the erstwhile Persons with Disabilities (Equal Opportunities, Protection of Rights … India v. Ravi Prakash Gupta, (2010) 7 SCC626: (2010) 2 SCC (L&S) 448]. and Union of India v. National Federation of the Blind [Union of

Amit Estate Organizer Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2008)113TTJ(Ahd.)1018

making such adjustments. With effect from 1st April, 1998, second proviso to Section 143(l)(a) was substituted by the Finance Act, 1997, which was operative till 1st June, 1999. The requirement was that intimation was to be sent to … the AO by issuing notice under Section 148 of the Act on 27th March, 2003 (for asst. yrs. 1995-96, 1996-97 and 1998-99) and on 28th Jan., 2000 for asst. yr. 1997-98. (ii) The second issue is with … found that the assessee had showed to have made payments of Rs. 44,817 to M/s Shiv Traders on 24th Feb., 1997, whereas M/s Shiv Traders

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 … of the learned Commissioner (Appeals), dated 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 to pursue the appeals before the

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 … Government or a local authority - Such entrustment could be either conditional or unconditional - Object of this Section is to confer powers of search, seizure, arrest and recording of statements, to the officers working in border … DRI to issue show cause notices u/s.28 as well as Notification No. 44/2011 dated 06.07.2011 which assigned the functions of the proper officer for the