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Chenai Finance Co. Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2002)81ITD7(Hyd.)

Companies Act. We may now reproduce below the relevant provisions of Section 145, which before its amendment by Finance Act, 1995, with effect from 1-4-1997, reads as under- 145(1) Method of accounting-(1) Income chargeable under the head "Profits and

Sher-i-kashmir National Medical Institute Trust Vs. State of J and K a ...

Court : Jammu and Kashmir

Subject : PropertyConstitution

Acts : J and K Transfer of Property Act, 1977 - Sections 59, 123, 138 and 140; ;Trusts Act, 1977; ;Jammu and Kashmir Land Grants Act - Sections 10 and 11; ;Registration Act - Sections 17, 17(2), 61(1) and 61(3); ;Alienation of Land Act, 1995 - Section 4; ;Jammu and Kashmir Land Grants (Amendment) Act, 2002; ;Code of Civil Procedure (CPC) - Section 92; ;Constitution of Jammu and Kashmir - Sections 8, 22 and 121; ;Jammu and Kashmir High Court Rules - Rule 36; ;Constitution of India - Articles 14, 19(1), 31 and 299

a non-permanent resident of the State. As a matter of fact Section 4 of the Alienation of Land Act, 1995 (1938 AD) prohibits transfer of land to a person who is not a 'State subject' as defined in … the committee of the nursing home. The impugned action amounted to circumventing the procedure and remedy available under Section 92 of Civil Procedure Code as well as the arbitration clause contained in the agreement. The agreement for all … Sheri-Kashmir Institute of Medical Sciences, Soura which has all along been fully financed by the government. There was thus no logic or justification for continuing

Slocum Investment (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Service Tax

Reported in : (2006)101TTJ(Delhi)558

XIV-B of the Act. These are contained in Chapter IV to Chapter XII-G of the Act. Prior to Finance Act, 2002, amending Section 158BB(1), w.r.e.f. 1st July, 1995, only provisions of Chapter IV were applicable while computing undisclosed … to M/s WIPL was not made at arms length price resulting into evasion of tax as envisaged in Section 92. Section 92 of the IT Act, as it stood at the relevant point of time when the shares

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

M/S. L.G. Electronics India Private Limited Vs. the Asstt. Commissione ...

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

called `the Act') has undergone certain changes. He referred to sub-section (2A) of section 92CA, inserted by the Finance Act 2011 w.e.f. 1-6-2011, as per which, where any other international transaction, apart from those referred to under sub- … 15.1. At this stage, we feel it productive to have a macro view of the transfer pricing provisions. Section 92 provides that the income from an international transaction shall be computed having regard to ALP. What is an

Abdulgafar A. Nadiadwala Vs. Assistant Commissioner of Income Tax and ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80HHC, 80HHC(4A), 80HHF, 80HHF(1), 80HHF(3) and 80HHF(5); Constitution of India (Forty-sixth Amendment) Act, 1982; Sales Tax Laws; Income Tax Rules - Rule 9A, 9A(7), 9B and 9B(6)

Reported in : (2004)188CTR(Bom)232; [2004]267ITR488(Bom)

and 80-O came to be enactedSection 80HHC14. With a view to encouraging larger exports of certain goods, the Finance Act, 1982, had inserted Section 89A in the IT Act w e f 1st June, 1982, for providing tax … beta-cam tapes with rights attached thereto4. The assessee claimed to have entered into an agreement dt 29th March, 1995, with Satellite Television Asian Region Ltd (popularly known as 'Star TV') to grant the sole and exclusive rights … with the Customs Act. Similarly in Advent Systems Ltd. v. Unisys Corpn. 925 F 2d 670 3d Cin 1991, it was contended before the Court

Sony India (P.) Ltd. Vs. Central Board of Direct Taxes and anr.

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 16A, 55A, 92 to 92F, 119, 131(1), 133(6), 154(5) and 245E; Finance Act, 2001; Wealth Tax Act, 1957 - Sections 7; Income Tax Act, 1922 - Sections 23A; Constitution of India - Articles 14, 226 and 227

Reported in : (2006)206CTR(Del)157; [2007]288ITR52(Delhi)

high end products such as DVDs, Handy Cams, Play Stations and Projectors etc. for sale in India.3. The Finance Act, 2001 substituted the earlier Section 92 of the Income Tax Act 1961 ('Act') with Sections 92 to 92F … owned subsidiary of Sony Corporation of Japan. It was incorporated on 17.11.1994 and commenced manufacturing activities in March 1995. The petitioner is engaged in assembling, manufacturing and distribution of electronic goods including colour television and audio products.

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 Asst. Commissioner of Vs. Shri Kamlesh R. Agarwal (Huf)

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2006)282ITR117(Ahd.)

it is not the case of the Revenue that provisions of Section 44AB as they stood amended by Finance Act, 1995 with effect from 1^st July, 1995 were applicable as the Revenue did not base its penalty under such … finalise the books for the subsequent year. The accounts were audited. In steps i.e. first, the accounts for 92-93 were audited, then the accounts for A.Y. 93-94 were audited and then finally accounts for A.Y. 94-95 were

Shri Manoj Aggarwal, Bemco Vs. Dcit

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

This chapter deals with the procedure for making assessment in cases of search and was introduced by the Finance Act, 1995 and it comprises of various Sections 158B to 158BH and it came into force with effect from 01.07.1975. … paperbook) and in particular our attention was drawn to pages 91 & 92 where the Assessing Officer has himself made reference to Annexure A-7 showing … appeal by the assessee - Tejinder Singh (HUF). It arises out of the assessment made on it under Section 143(3) of the Income-tax Act by order dated 27.3.2001. In this assessment order, an addition of Rs. 16,80,475/-