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Dec 16 2004

NitIn P. Shah Alias Modi Vs. Dy. C.i.T.

Court : Gujarat

Decided on : Dec-16-2004

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 64(1), 66, 67, 69, 119, 131, 132, 139(1), 142(1), 143(2), 143(3), 144, 147, 148, 158B, 158BA, 158BC, 158BD, 251, 271(1) and 276CCC; Finance Act, 1997 - Sections 68(1) and 68(2); Constitution of India - Article 14

Reported in : (2005)194CTR(Guj)306; [2005]276ITR411(Guj)

fresh assessment the Assessing Officer came to the conclusion that as per provisions of Section 68(1) of the Finance Act,1997 the assessee was not entitled to immunity under VDIS in relation to the sum of Rs. 137 … under consideration complied with the requirement of VDIS. The Assessing Officer further recorded that even provisions of Section 64(1)(a) of the Scheme were not satisfied. Reliance by the assessee on various CBDT circulars for the purpose of

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Dec 17 1997

Chotubhai Vs. Union of India and ors.

Court : Delhi

Decided on : Dec-17-1997

Subject : Direct Taxation

Acts : Constitution of India - Article 226; Finance Act, 1997 - Sections 64(1)

Reported in : 74(1998)DLT789

a mandamus to the respondents No. 1 & 2 to issue a certificate under Section 68(2) of the Finance Act, 1997 by accepting the petitioners declaration under Section 64(1) of the Finance Act, 1997 which provides for a scheme

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Feb 11 1999

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

Court : Madhya Pradesh

Decided on : Feb-11-1999

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 … to explain the additional expenditure and the source of the income. I have heard the parties at length.4. Section 64 refers to the voluntary disclosure of income. It provides that subject to the provisions of the scheme, where

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Sep 27 2005

Smt. Snehlata Vs. Union of India (Uoi) and anr.

Court : Madhya Pradesh

Decided on : Sep-27-2005

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24) and 139; Finance Act, 1997 - Sections 63, 64 and 65; Constitution of India - Article 226

Reported in : (2006)204CTR(MP)317; [2008]296ITR529(MP)

well as the documents filed herein, this Court is of the opinion that as per provision of the Finance Act, 1997 wherein Chapter IV is for VDI Scheme, 1997 and according to Section 64, charge of tax on voluntarily

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Jun 08 1999

Micro Labs Ltd., Vs. Deputy Commissioner of Income-tax (Assessment) an ...

Court : Karnataka

Decided on : Jun-08-1999

Subject : Direct Taxation

Acts : Finance Act, 1997 - Sections 62 to 78; Income-tax Act, 1961 - Sections 119, 119(2), 132, 132A, 133A, 133A(5), 139, 142 and 148; Constitution of India - Article 14; Special Bearer Bonds (Immunities and Exemptions) Act, 1981

Reported in : (2001)166CTR(Kar)148; [2001]247ITR333(KAR); [2001]247ITR333(Karn); [2001]115TAXMAN27(Kar)

132.3. The Voluntary Disclosure of Income Scheme, 1997, introduced by Chapter IV (sections 62 to 78 of the Finance Act, 1997 ('the Act' for short)), was in force between July 1, 1997, and December 31, 1997. The relevant provisions … force between July 1, 1997, and December 31, 1997. The relevant provisions of the scheme are as follows :Section 64 relates to charge of tax on voluntarily disclosed income. Subsection (1) provides that subject to the provisions of

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Jul 07 2000

Nandlal Rander Vs. Commissioner of Customs and ors.

Court : Kolkata

Decided on : Jul-07-2000

Subject : Direct Taxation

Acts : Finance Act, 1997 - Section 64, 64(1), 64(2) and 65; ;Income Tax Act, 1961 - Section 132A; ;Indian Income Tax Act, 1922

Reported in : [2000]245ITR810(Cal)

the petitioner filed a declaration in the prescribed form under Section 64(1) read with Section 65 of the Finance Act, 1997, under the Disclosure Scheme, 1997. Under the Disdosure Scheme, 1997, the petitioner has declared his income of Rs.

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Nov 20 1997

Micro Labs Ltd. and Others Vs. Deputy Commissioner of Income-tax (Asse ...

Court : Karnataka

Decided on : Nov-20-1997

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28, 119, 132, 132A, 133A and 139

Reported in : ILR1998KAR3784; [1998]231ITR934(KAR); [1998]231ITR934(Karn)

1997, provides for the Voluntary Disclosure of Income Scheme (hereinafter referred to as 'the Scheme'). Sub-section (1) of section 64 of the Finance Act (Chapter IV) provides that subject to the provisions of the scheme, where any person … course of search, some records belonging to the petitioners also have been seized. 3. Chapter IV of the Finance Act, 1997, provides for the Voluntary Disclosure of Income Scheme (hereinafter referred to as 'the Scheme'). Sub-section (1) of section

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Jul 07 2000

Nandlal Rander Vs. Commissioner of Customs and ors.

Court : Kolkata

Decided on : Jul-07-2000

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 13A, 64, 113, 131, 132A, 133A, 142, 148 and 271(1);; Finance Act, 1997 - Sections 64(1), 62 to 78;; Code of Civil Procedure (CPC), 1908;; Income-tax Act, 1922;; Wealth Tax Act, 1957

Reported in : (2001)1CALLT1(HC)

December, 1997 petitioner filed a declaration in the prescribed form under section 64(1) read with section 65 of Finance Act 1997, under the Disclosure Scheme, 1997. Under the Disclosure Scheme, 1997 petitioner has declared his income of Rs.1,36,42,000/-. That

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Oct 05 1999

Vasantlal Tulsidas Agrawal Vs. Commissioner of Income-tax

Court : Gujarat

Decided on : Oct-05-1999

Subject : Direct Taxation

Acts : Finance Act, 1997 - Sections 64(1) and 70

Reported in : [2002]254ITR255(Guj)

Scheme, one was required to tender a form as prescribed under Sub-section (1) of Section 65 of the Finance Act, 1997, a copy of which is produced at exhibit A-1. In Clause 5 of the said form, the assessee … while writing a letter to the petitioner. For the purpose of convenience, we reproduce here-under Section 70 and Section 64(1)(a), (b) and (c) which are as under (see [1997] 225 ITR 144, 141) :'70. Any amount of tax

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Sep 15 1999

E. Prahalatha Babu, 18, 14th Street, Nandanam Extension, Nandanam, Che ...

Court : Chennai

Decided on : Sep-15-1999

Subject : Direct Taxation

Acts : Finance Act, 1997 -- Sections 64, 65, 66, 67 and 70; Income-tax Act, 1961 -- Sections 132, 132-A, 133A, 139, 142 and 148

Reported in : 1999(3)CTC369; (1999)156CTR(Mad)436; [2000]241ITR457(Mad)

1st July, 1997. The last date for making the declaration was 31st December, 1997. Section 64 of the Finance Act, 1997 (Act No. 26 of 1997) deals with the charging of tax. Section 65 of the said Act prescribe

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