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Union Of India Vs. Rajeev Bansal

Court : Supreme Court of India

Subject : Education

Table of Contents A. Background ........................................................................................................ 35 i. Income Tax Act ............................................................................................... 35 ii. TOLA ................................................................................................................ 39 iii. Finance Act 2021 ............................................................................................ 41 B. Issues .................................................................................................................. 50 C. Submissions ...................................................................................................... 51 D. Legal Background ............................................................................................. 55 i. Assessment … to decide the extent of retrospective operation of an amendment by substitution. In that case, the Haryana Amendment Act 1995 substituted Section 15 of the Punjab Pre-emption Act by taking away the right of a co- sharer to … certain precondition […].”]. 70 Banarsi Debi v. ITO, 1964 SCC OnLine SC48[6]. 71 Punjab Land Development and Reclamation Corporation Ltd. v. Presiding Officer, Labour Court

Joint Commissioner of Income-tax Vs. Montgomery Emerging Markets Fund

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2006)100ITD217(Mum.)

The source will be the asset itself. The CIT(A) further referred to the amendment brought in by the Finance Act, 1987 (No. 2 of 1987) with effect from 1 -4-1988. According to the CIT(A), as per the said … or loss under a particular head of income. The law relating to inter-head set off is provided in Section 71 of the Income-tax Act. The heading given to Section 71 is again a clear statement for set off … These two appeals, filed by the Revenue relate to the assessment years 1995-96 and 1996-97. These appeals are directed against the orders of the CIT(A)-XVII

Nawab S. Kazim Ali Khan Vs. State of U.P. and Others

Court : Allahabad

Subject : Election

Sub-Section (5) of Section 64 authorizes the Board to pass order of suspension pending inquiry. Section 70 and Section 71 of Waqf Act 1995 being relevant are also being looked into: Section 70- Inquiry relating to administration of … to quash the show cause notice dated 12.09.2013 issued by respondent No. 2 under Section 64 of Waqf Act 1995 and the order dated 11.09.2013 and 08.05.2013 passed by respondent no. 2 and 3. (ii) Issue a writ, … the works and execute such works from Wakf funds or from the finances which may be raised on the security of the properties of the

A.C.i.T. and D.C.i.T. Vs. Shri Raghunath B. Taware

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (2008)302ITR136(Pune.)

by the A.R due to following reasons: (i) The definition of the word "Income" was widened by the Finance Act, 1972 w.e.f 1.4.97 and according to memorandum explaining the provisions of the "Finance Bill'1. 1972, winning from lottery, … under appeal, there is loss computed from business which however is not [set off as mandatorily required by Section 71. If the loss is so set off and then [total income is computed, the income by way of … come-within the purview of racing. 10. For the A.Y 1993-94 and A.Y 1995-96 the assessee has accepted that the Tote Winnings arc to be taxed

Nissam H vs State of Kerala

Court : Kerala

VIDE NO.1362/D3/16/SJD DATED 08.11.2017. EXHIBIT R1(c) TRUE COPY OF THE RELEVANT PAGE OF THE REMARKS MADE BY THE FINANCE DEPARTMENT PUA/2/71/2015-FIN DATED 31.03.2018. EXHIBIT R1(d) TRUE COPY OF THE ORDER OF THE KERALASTATE HUMAN RIGHTS COMMISSION AS … is entitled to protection under the afore Act, as also under Section 47 of the Persons with Disabilities Act, 1995 (PWD Act), he cannot be given any benefits because he had refused to attend duty, in spite of

N.K. Proteins Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2004)83TTJ(Ahd.)904

of black money and various other factors, The legislature in its wisdom has amended Section 40A(3) by the Finance Act, 1995 w.e.f. 1st April, 1996 which provides for disallowance of 20 per cent of such expenditure incurred otherwise than

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 … India was solely on the basis that there was conflict between each of Sections 65, 66, 68(1A) and 71 of the Finance Act, 1994, as amended in 1997 on the one hand and Clauses (xii) and (xviii)

Commissioner of Income Tax vs.m. S. Aggarwal

Court : Delhi

Subject : Direct Taxation

-B of the Income-tax Act. Chapter XIV-B consisting of sections 158B to section 158BH was introduced by the Finance Act, 1995 with effect from 1.7.1995 to make procedure of assessment of search cases more effective. The chapter is titled … with section 148 of the Act.‖ In Harjeev Aggarwal (supra), it was observed as under:-"ITA No.169/2005+connected appeal Page 71 of 77 search and recorded during ―20. In our view, a plain reading of Section 158BB(1) of the

The Commissioner of Income Tax vs.m. S. Aggarwal

Court : Delhi

Subject : Direct Taxation

-B of the Income-tax Act. Chapter XIV-B consisting of sections 158B to section 158BH was introduced by the Finance Act, 1995 with effect from 1.7.1995 to make procedure of assessment of search cases more effective. The chapter is titled … with section 148 of the Act.‖ In Harjeev Aggarwal (supra), it was observed as under:-"ITA No.169/2005+connected appeal Page 71 of 77 search and recorded during ―20. In our view, a plain reading of Section 158BB(1) of the

Engineering Analysis Centre Of Excellence Private Limited Vs. The Comm ...

Court : Supreme Court of India

Subject : Direct Taxation

he submitted that the retrospective amendment to section 9(1)(vi) of the Income Tax Act brought in by the Finance Act 2012, which added explanation 4 to the provision and expanded its ambit with effect from 01.06.1976, could also … similar technology, was only regulated by the Parliament for the first time through the Cable Television Networks (Regulation) Act, 1995, much after 1976. For all these reasons, it is clear that explanation 4 to section 9(1)(vi) of the … have the right without further consent of Contractor to transfer this license 71 to a third party which acquires the System, provided any such third