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K. Venkata Reddy Vs. Commissioner of Income Tax, A.P.ii, Hyd. and Anot ...

Court : Andhra Pradesh

Subject : Direct Taxation

Acts : Finance Act, 1997 - Sections 33(1), 68(2), 88, 90 and 90(1); Central Treasury Rules - Rules 79, 80 and 81; Voluntary Disclosure of Income Scheme, 1997; Kar Vivad Samadhan Scheme, 1998; Indian Income Tax Act, 1922 - Sections 4(1); Limitation Act, 1908 - Sections 20; Finance Act, 1977 - Sections 67 and 67(1); Income Tax Act, 1961 - Sections 119(2); Finance (Amendment) Act, 1998 - Sections 90(2)

Reported in : 2001(4)ALD51; 2001(4)ALT160

the case of Kangold (India) Ltd., (supra) with referenceto the Voluntary Disclosure of Income Scheme, 1997 under the Finance Act, 1997. In that case the petitioner made a declaration on December 30, 1997 under the scheme. As per Section … Corporation v. Inland Revenue Commissioners, (1938) AC 380 are also apposite : 'Apart from the express terms of Section 33, sub-section (1), a similar conclusion might be founded on the well known common law rules as to the

Godrej and Boyce Mfg.Co.Ltd. Mumbai. Vs. Commissioner of Income Tax,

Court : Mumbai

Subject : Income Tax

Acts : Income Tax Act, 1961 - Section 14A(1)(2)(3); Income Tax Act, 1922 - Section 8; Finance Act of 2001 - Section 14A; Finance Act 1997 - Section 10(33)

income which does not form part of the total income. In view of Section 10(33) inserted by the Finance Act 1997 w.e.f. 1 April 1998, incomes by way of dividends referred to in Section 115O are not includible in

Ramesh Kumar Verma and ors. Vs. State of Bihar and anr.

Court : Jharkhand

Subject : Criminal

Acts : Code of Criminal Procedure (CrPC) , 1974 - Sections 197; Bihar Finance Act - Sections 33

Reported in : 2003CriLJ617

(Phusro) P.S. Case No. 18 of 1997 and cases under Sections 49(3)(a) and 49(3) (d) of the Bihar Finance Act filed by the petitioners against O.P. No. 2 and his brother. It has also been submitted that Jai … 2 and books of account,ledger, cash memo, register, invoices andchallans etc. were seized in the course ofinspection under Section 33(1) of the BiharFinance Act and gross irregularities werefound and amount of rs. 9.21,126.18 waslevied as taxes besides Rs.

Commissioner of Income Tax Vs. Hydle Constructions Pvt. Ltd.

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 15C, 32A, 32A(2), 33(1), 33B, 80HH, 80HHA, 80HHA(1), 80J, 80J(4), 84, 84(2), 84(7), 256 and 256(1); Indian Companies Act; Finance Act, 1978 - Sections 2(7)

Reported in : [2003]259ITR344(Delhi)

the materials and also having regard to the Explanationn to the definition of'Industrial Company' as given in the Finance Act. (iii) The assessed company which is engaged in constructing tunnels, dams,Power Houses etc. in not eligible for deduction … 'manufacture or production' of articles within the meaning of Section 84(2)(iii) and was entitled to relief under the section.'33. In the instance case, the assessed does not claim benefit in respect of the entire profit earned by

Commissioner of Income Tax, Karnataka, Bangalore Vs. M/S. Shaan Financ ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32A(2 and 47) and 33; Finance Act, 1976

Reported in : 1998IIIAD(SC)176; AIR1998SC1372; 1998(2)CTC87; [1998]231ITR308(SC); JT1998(2)SC564; 1998(2)SCALE395; (1998)3SCC605; [1998]2SCR367

1st of April, 1976, however, Section 32A was introduced in the Income-tax Act, 1961 granting investment allowance under Finance Act, 1976. A circular of the department being circular No. 202 dated 5th of July, 1976, which explained the … High Courts of Karnataka and Madras.11. The provisions relating to investment allowance are akin to the provisions under section 33 of Income-tax Act, 1961 relating to development rebate which was discontinued with effect from 1st of April, 1974

Test Claimants in the Franked Investment Income Group Litigation Vs. C ...

Court : UK Supreme Court

Subject : Land Acquisition

8, [2009] STC 452. For present purposes, however, it is sufficient to note that section 47 of the Finance Act 1997 curtailed the period for a claim for repayment of VAT from six to three years, with retrospective effect, … was not affected by sections 320 FA 2004 and 107 FA 2007 (issues 20 and 21); and that section 33(2A) of the Taxes Management Act 1970 ("TMA") (issue 23), which excludes relief under that section where Case V

Smt. Shashi Devi Vs. Income-tax Officer and ors.

Court : Madhya Pradesh

Subject : Direct Taxation

Acts : Finance Act, 1997 - Sections 64; Income Tax Act, 1961 - Sections 131 and 131(1)

Reported in : [2000]241ITR216(MP)

the Voluntary Disclosure of Income Scheme, 1997, promulgated by the Government in accordance with Section 62 of the Finance Act, 1997 (Act No. 26 of 1997). The petitioner submits that according to the scheme a person could make a … correct value. Referring to the answer to question No. 46 of Circular No. 755 (see [1997] 226 ITR 33), dated July 25, 1997, it is contended that no valuation could be got done by the Department but

Godrej and Boyce Manufacturing Co.Ltd. Vs. Dy.Commr. of I.T.Mumbai and ...

Court : Supreme Court of India

Subject : Land Acquisition

and Section 115-O of the Act inasmuch as both the Sections were inserted in the Act by the Finance Act, 1997. When the earlier status was restored by the Finance Act, 2002 shareholders once again became liable for tax … in relation to earning of dividend income exempt under Section 10(33), disallowable under Section 14A of the Act?.” 33. While answering the said question this Court considered the object of insertion of Section 14A in the Income

Commissioner of Income-tax Vs. Sesa Goa Ltd.,

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32A

Reported in : (2004)188CTR(Bom)120; [2004]266ITR126(Bom)

from June 1,1974, to May 31,1977. It is then pointed out that Section 32A was introduced by the Finance Act 1976, with effect from April 1,1976. If the language in Section 32A(2)(b)(iii) is considered along with the language … with effect from April 1,1976. If the language in Section 32A(2)(b)(iii) is considered along with the language in Section 33(1)(b)(B) and considering that mineral ore does not fall in the Eleventh Schedule, the intent of Parliament is clear,

Punjab State Industrial Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Direct Taxation

Reported in : (2007)292ITR268(Chd.)

gross amount of such dividends.15. It may be pertinent to mention that Section 80M was omitted by the Finance Act, 1997 (26 of 1997) w.e.f. 1st April, 1998 in consequence of insertion of Section 10(33) of the IT Act,