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Ayush Ajay Construction Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Indore

Subject : Land Acquisition

the impugned infrastructure. The provisions of section 80-IA(4A) of the Act were brought to the statute by the Finance Act, 1995 with effect from 1-4-1996. Immediately thereafter the budget speech through which the Finance Minister had made a proposal

Ayush Ajay Construction Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Indore

Subject : Land Acquisition

Reported in : (2001)69TTJIndore579

the impugned infrastructure. The provisions of section 80-IA(4A) of the Act were brought to the statute by the Finance Act, 1995, with effect from 1-4-1996. Immediately thereafter the budget speech through which the Finance Minister had made a proposal

Kamkap (India) Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Patna

Subject : Direct Taxation

Reported in : (1998)67ITD237(Pat.)

submitted that the words 'technical services' had been substituted by 'technical or professional services' in section 80-O vide Finance Act (2) of 1991. The assessee further submitted that 'technical' means a person having specialised knowledge and experience in … commission of Rs. 23,46,650, Rs. 13,27,769 and Rs. 4,15,411 during the period relevant to the assessment years 1994-95, 1995-96 and 1996-97. It claimed deduction 50% of the aforesaid commission under section 80-O of the IT Act. From

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.)

introduced by the same Finance Act 1972 Section 115BB was introduced by Finance Act 1986 seeking to replace Section 80 TT which was introduced by Finance Act 1972. In all these sections reference is to same type of … 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, … 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

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 … and in law, the learned CIT(A) erred in upholding denial of deduction of Rs. 18,47,09,510, claimed under Section 80-IA(4) in respect of income derived by the assessee from development of eligible infrastructural facilities. 2. Having regard to

Videsh Sanchar Nigam Ltd. Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2008)111ITD190(Mum.)

for voice communication were, therefore, not intended by the legislature while amending the provisions of Section 80-IA by Finance Act, 1995.92. In view of the above discussion, it has to be held that voice communication through satellite, based

Gem Granites Vs. Commissioner of Income-tax, Tamil Nadu

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80HHB(2), 80HHC and 80HHC(2); Finance Act, 1982 - Sections 89A and 89A(4); Finance (Amendment) Act, 1991

Reported in : (2004)192CTR(SC)481; [2004]271ITR322(SC); 2004(9)SCALE647; (2005)1SCC289

a reasoned judgment.8. Tax relief in respect of export turnover was granted for the first time by the Finance Act 1982 by the introduction of Section 89A in the Act. Section 89A provided for relief at a particular … according to the appellant, by a Circular issued by the CBDT in 1995 which while clarifying an earlier Circular dated 7.11.1984 stated that any process … granite. According to the appellant the granite is cut and polished before export. The appellant claims deduction under Section 80-HHC of the Income tax Act 1961 (hereinafter referred as 'the Act') in respect of profits from its export

Commissioner of Income Tax-Vi Vs. Vrm India Ltd.

Court : Delhi

Subject : Land Acquisition

10 operating or (iii) developing, maintaining and operating an infrastructure facility. Counsel also compared Section 80-IA(4A) introduced by Finance Act, 1995 with the provisions of Section 80IA(10), to highlight the similarity in scope and content. Counsel lastly urged that

National Aluminium Co. Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Cuttack

Subject : MRTP

Reported in : (2006)101TTJCtk948

appeal before us.103. The learned Authorised Representative submitted that the learned CIT(A) ignored the amendments made by the Finance Act, 1995, effective from asst. yr. 1997-98 whereby it was made mandatory to follow either mercantile or cash system of … p. 1 where the non-moving items, stores and spares are recognized at 80 per cent of their cost. We further find from the notes on … the assessee's books. The Tribunal on appeal upheld the action of the IT authorities. On a reference under Section 66(2) of the question, 'whether in the circumstances of the case and on a true construction of Section

M/S.Rural Electrification Corporation Ltd. Vs. Commissioner of Income ...

Court : Authority for Advance Rulings

Subject : Land Acquisition

Matched in: Advocate Present for the Applicant Mr.Pradeep Dinodia, FCA Mr. D.S.Ahluwalia, GM, REC Mr. Rakesh Sareen, DGM (Finance)REC Mr. Murlidharan, CM(FandA), REC Present for the Department Mr.Pravin Rawal, Dy.Commissioner of Income-Tax (L.T.U.).