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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 … 1.6.2002.4.2 Referring to the stand of the Revenue that Parliament has legislative power which is derived from Entry 82 in the Union List and Articles 265, 270 and 271 of the Constitution of India, and that once

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 … be made before assessments to tax are made. He argued that these 82 deductions do not partake the character of tax at all, section 195

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 … by the Government and in support of his contention he has referred to point No. 7 on p. 82 of CIT/Departmental Representative's paper book. He has contended that if that be the criteria, even the infrastructure facility

Scottish Widows plc (Appellant) Vs. Commissioners for Her Majesty's Re ...

Court : UK Supreme Court

Subject : MRTP

or section 83(3) of the Finance Act 1989, as substituted by paragraph 16 of Schedule 8 to the Finance Act 1995 and paragraph 4 of Schedule 31 to the Finance Act 1996. If it falls within the scope either … mentioned section 433, which was repealed by FA 1989 and replaced by similar (but more complex) provisions in section 82 of FA 1989. Section 444A, inserted into ICTA 1988 by the Finance Act 1990, applies to a transfer

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

Commissioner of Income Tax Vs. Purshottamlal Tamrakar Uchehra

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Finance Act, 2002; Income Tax Act, 1961 - Sections 40A(3) and 158BB

Reported in : (2003)184CTR(MP)349; [2004]270ITR314(MP)

4. It is pertinent to state here that the aforesaid provision came on the statute book by the Finance Act, 2002, w.e.f. 1st July, 1995. By virtue of this amendment, much confusion which had remained earlier really got … ORDERDipak Misra, J. 1. This is a reference under Section 256(1) of the IT Act wherein the Tribunal has referred the following two questions for answer to this … for asst. yrs. 1995-96 and 1996-97 as under : Asst. yr.Addition (Rs.)1995-96 82,435 1996-97 1,67,088 2,49,523 30. We have considered this aspect in detail while

Kalyani Exports and Investments Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Land Acquisition

upon the provisions of section 55(2)(aa)(ii). He submitted that sub-section (2)(aa)(iiia) was brought on the statute book by Finance Act, 1995 with effect from 1-4-1996 and has no application to the ear under appeal, i.e. 1995-96.25. Shri Naresh Kumar, … assessee. It appears to us that the principles laid down in Shekhawati General Traders Ltd. v. ITO [1971] 82 ITR 788 (SC), cannot be applied to a case where the assessee did not and could not exercise

Kalyani Exports and Investment (P) Vs. Deputy Cit

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Land Acquisition

Reported in : (2001)72TTJ(Pune.)341

upon the provisions of section 55(2)(aa)(B)(ii). He submitted that sub-section (2)(aa)(B)(iiia) was brought on the statute book by Finance Act, 1995, with effect from 1-4-1996, and has no application to the year under appeal, i.e., 1995-96.Shri Naresh Kumar, the … For this proposition, he relied upon the following decisions (1) Shekhavati General Traders v. Income Tax Officer (1971) 82 ITR 788 (SC); Shri Naresh Kumar, the learned senior Departmental Representative strongly supported the orders of the authorities

Mange Ram Mittal Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2006)103ITD389(Delhi)

Parliament has enacted a separate Chapter XIV-B laying down special procedure for assessment of search cases by the Finance Act, 1995 with effect from 1st July, 1995. The fact that separate Chapter was inserted instead of any amendment of … Hissar, dt. 27th June, 1997 in the case of the assessee in relation to block assessment order under Section 158BC of the IT Act. This appeal has been assigned to us by the order of the Hon'ble … amounts:Asst. yr. Amount Asst. yr. Amount1987-88 Rs. 63,000 1993-94 Rs. 1,90,0001988-89 Rs. 82,500 1994-95 Rs. 2,13,0001989-90 Rs. 98,000 1995-96 Rs. 2,41,0001990-91 Rs. 1,44,000 1996-97 Rs.

Mange Ram Mittal Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Parliament has enacted a separate Chapter XIV-B laying down special procedure for assessment of search cases by the Finance Act, 1995 with effect from 1-7-1995, The fact that separate Chapter was inserted instead of any amendment of existing provisions … the same as assessees unexplained investment for assessment year 1997-98.41. In paragraph 82 of the impugned order the learned assessing officer has referred to page … Hissar Circle, Hissar, dated 27-6-1997 in the case of the assessee in relation to block assessment order under Section 158BC of the Income-tax Act. This appeal has been assigned to us by the order of the Honble