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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 … Indore [1964] 54 ITR 461 and Mathurdas Govinddas v. G.N. Gadgil, Income-tax Officer, Special Investigation Office, Ahmedabad [1965] 56 ITR 621. Before we advert to the said arguments, it will be convenient to notice the relevant rules

Cadell Weaving Mill Co. P. Ltd. Vs. Commissioner of Income-tax

Court : Mumbai

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 2(14), 2(24), 2(47), 10, 10(3), 10(13), 14, 17(3), 28, 41, 45 to 55, 55(2), 56, 59, 115J and 253; Bombay Rent Act; Finance Act, 1987 - Sections 55(2); Direct Tax Laws (Amendment) Act, 1989

Reported in : 2001(3)ALLMR108; (2001)166CTR(Bom)7; [2001]249ITR265(Bom)

of a motor car used for personal purposes would result in a revenue income. That, even after the Finance Act, 1994, consideration arising from the transfer of tenancy in cases where the tenant had no right to sublet, … Legislature bringing the amendment in Section 55 with effect from April 1, 1995, under which the cost of acquisition of a capital asset could be … the meaning of Section 10(3) of the Income-tax Act, 1961, and as such is exigible to tax under Section 56 of the Act ?'2. The above question was answered against the assessee. Hence, the assessee-Cadell Weaving Mill Co.

Assistant Commissioner Of Income Tax (exemptions) Vs. Ahmedabad Urban ...

Court : Supreme Court of India

Subject : Land Acquisition

The judgment in Surat Art Silk .................................................................................................................. 11 D. Relevant changes brought about to the IT Act, 1961 (Finance Act, 1983 and 1991) ............................... 17 E. The judgment in Thanthi Trust .................................................................................................................. 18 F. Deletion of certain exemptions: … Economic, Social and Cultural Rights, 1966 and relied on Sri. P.G. Gupta v. State of Gujarat & Ors. 1995 (1) SCALE653- where a Bench of three Judges of this Court had considered the mandate of the human … The judgment in Thanthi Trust .................................................................................................................. 18 F. Deletion of certain exemptions: Section 10 (20A) and Section 10 (23) ................................................... 20 G. Amendments to Section … @ SLP(C) No.30597/2018; C.A. No._____/2022 @ SLP (C) No._____/2022 @ Diary No(s). 5683/2019; C.A. No._____/2022 2 @ SLP (C) No._____/2022 @ Diary No(s). 15488/2019; C.A.

P.H.C.M. Gandhi, President Rica Employees Union (AITUC) Vellore Vs. Th ...

Court : Chennai

Subject : Education

far as the existing retirement age of 58 years concerned and direct the first respondent to implement G.O.Ms.No.147 Finance (HRM-IV) Finance Department dated 30.06.2014 passed by the Government of Andhra Pradesh to the members of petitioner union … on 01.10.1979. The Regional Training Institute, Vellore, has been registered under Act 27 of the Tamilnadu Societies Registration Act, 1995, on 03.07.1986 with Registration No.76 of 1986 in the office of the District Registrar, Vellore. 63. As per … (Superior) - 60 years (Inferior) State of Kerala: 55 years (Superior) - 56 years (Inferior) 5. According to the petitioner, the retirement age on superannuation … service, Government of Andhra Pradesh have issued G.O.No.147 dated 30.06.2014, amending sub section (1) of Section 3 of the Andhra Pradesh Public Employment (Regulation of

Commissioner of Income Tax, Mumbai Vs. D.P. Sandu Bros. Chembur (P) Lt ...

Court : Supreme Court of India

Subject : Direct Taxation Tenancy

Acts : Income Tax Act, 1961 - Sections 2(24), 10(3), 14, 45, 48, 55(2) and 56; Finance Act, 1994; Income Tax Act, 1922

Reported in : AIR2005SC796; 2005(5)ALLMR(SC)545; [2005]273ITR1(SC); JT2005(2)SC226; (2005)2SCC584

situation created by the decision in Srinivasa Setty and the subsequent decisions of the High Court that the Finance Act 1994 amended Section 55(2) to provide that the cost of acquisition of inter-alia a tenancy right would be … as well as the amendment to Section 55(2) of the Act in 1995 and held that the assessee did not incur any cost to acquire … the amount of Rs. 35 lakhs was taxable as 'income from other sources' under Section 10(3) read with Section 56. The assessee appealed to the Commissioner of Income Tax (Appeals) who came to the conclusion that the assessee

Finolex Industries Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Land Acquisition

Reported in : (2006)101TTJ(Pune.)463

been met directly or indirectly by any other person or authority. The Expln. 8 was introduced by the Finance Act, 1986 with retrospective effect from 1st April, 1974. It is as under: For the removal of doubts, it … is directed against the order passed by the CIT under Section 263 of the Act on 10th Feb., 1995. In the grounds of appeal, including the concise ground of appeal filed on 2nd June, 2005, the assessee … the same. The assessee, would appear to have relied on Circular No. 56, dt.19th March, 1971 issued by the Board wherein it was mentioned that

Manoj B. Joshi Vs. 8th Income-tax Officer

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(14), 2(24), 14, 56 and 56(1); Finance Act, 1988

Reported in : (2009)224CTR(Bom)481; [2009]179TAXMAN30(Bom)

assessee is classified under the heads (A) to (F), except (B) (the same having been omitted by the Finance Act, 1988, with effect from 11-4-1989). If the income cannot be classified under heads (A) to (E) the same … cannot be classified under heads (A) to (E) the same falls under head (F), being 'Income from other sources'.Section 56 of the said Act is relevant in this regard, which deals with 'income from other sources'. The relevant

South Indian Bank Ltd. Vs. State of Kerala

Court : Kerala

Subject : Sales Tax

Acts : Kerala General Sales Tax Act, 1963 - Sections 26B; Finance Act, 1999; Madhya Pradesh General Sales Tax Act, 1958 - Sections 33C; Revenue Recovery Act

Reported in : 2006(1)KLT65

for the bank Sri. Prabhakaran contended that the amendment made in the Kerala General Sales Tax by the Finance Act, 1999 with effect from 1.4.1999 has no retrospective effect and it does not override or nullify the decree … up for consideration in this case is whether a decree obtained by a bank before the introduction of Section 26B of the Kerala General Sales Tax Act, 1963 would override the first charge created in favour of

The General Manager, Union of India, Chennai and Others Vs. The Regist ...

Court : Chennai

Subject : Land Acquisition

with the Civil Engineering and Establishment Directorates and with concurrence of the Finance Directorate of this Ministry. 47. Railway Board's Letter, dated 14.06.2007 (RBE No.86/2007), … Constitution of India, 1950 Article 226 The Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 Section 47(1) Pay The Tribunal while quashing orders, directed Petitioners to restore second Respondent's basic pay from date of … conditions, if any, as may be specified in such notification, exempt any establishment from the provisions of this section." 56. In 2008, the 2nd respondent was promoted as Senior Permanent Way Supervisor and found fit for AYE THREE

industrial Machinery Associates Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2002)81ITD482(Ahd.)

beyond the purview of taxation under Section 45. The learned counsel argued that Section 50B introduced by the Finance Act, 1999 w.e.f. 1st April, 2000 brought the transaction of slump sale within the purview of capital gains under … explained the provisions of Direct Taxes inserted by the Finance Act, 1999 the learned counsel referred to paras 56.4 and 56.5 of the circular which indicate that the amendments concerning amalgamation-demerger and slump sale inserted by the