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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 … petitioner.8. It would be convenient to extract the relevant Treasury Rules dealing with payment of cheques i.e., Rules 80 and 81 of Central Treasury Rules, in order to consider the rival contentions:'80. Demand drafts shall not be

The Commissioner of Income Tax-9 Vs. Ajanta Pharma Ltd.

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10, 10A, 10B, 15JB, 80HHC, 80 HHC(1), 80 HHC(1A), 80 HHC(1B), 80HHC(3), 80HHC(3A), 80HHC(4), 80HHC(4A), 80HHC(10), 80HHD, 80HHD(3), 80HHG, 80HHE, 80HHF, 115(JB), 115J, 115J(2), 115JA, 115JA(1), 115JA(2), 115JB, 115JB(2), 115JD and 2888(2); Finance Act, 1996; Finance Act, 1997; Finance Act, 2000; Finance Act, 1987; Direct Tax Laws Amendment Act, 1989; Companies Act, 1956

Reported in : 2009(111)BomLR1905; (2009)223CTR(Bom)441; [2009]318ITR252(Bom); [2009]180TAXMAN494(Bom)

profits under Section 80 HHC they were not available when the Section was first introduced. But by the Finance Act, 1997 it was introduced with effect from 1.4.1998 and which reads as under:the amount of profits eligible for deduction

Cce, Jaipur Vs. M/S. Jagdish Travels

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Service Tax

Reported in : (2001)(75)ECC852

passed by the Commissioner(Appeals) vide which he had set aside the penalty imposed under Section 77 of the Finance Act, 1994 of Rs.27,500/-on the appellants.3. The respondents failed to fill their quarterly Returns ending quarters December 1997, March … 1944. He has argued that discretion for not imposing penalty could be exercised by the Commissioner(Appeals) only under Section 80 of the Finance Act if the sufficient cause was shown by the respondents for the delay in filing

Niko Resources Ltd. Vs. Union of India

Court : Gujarat

Subject : Land Acquisition

profits and gains derived from such business for the initial seven assessment years. 10. By an amendment in Finance Act, 2001, when the benefit to commercial producers of mineral oil was shifted from Section 80-IA to Section 80-IB … North-Eastern Region and has begun or begins commercial production of mineral oil before the 1st day of April, 1997; (ii) is located in any part of India and has begun or begins commercial production of mineral oil

Niko Resources Ltd. Vs. Union of India

Court : Gujarat

Subject : Land Acquisition

profits and gains derived from such business for the initial seven assessment years. 10. By an amendment in Finance Act, 2001, when the benefit to commercial producers of mineral oil was shifted from Section 80-IA to Section 80-IB … North-Eastern Region and has begun or begins commercial production of mineral oil before the 1st day of April, 1997; (ii) is located in any part of India and has begun or begins commercial production of mineral oil

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, … section 33 as impliedly setting itself up as an exclusive provision (which it did not do expressly, unlike section 80 of the Value Added Tax Act 1994). The test claimants submit that the application of Marleasing cannot rework

Deputy Commissioner of Income Tax Vs. Jindal Photo Films Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2008)1113ITD624(Delhi)

at serial 9 and 10 are as below: 8. Entry 9 was later (w.e.f. 1st April, 1989 by Finance Act, 1988) substituted by the words 'projectors', that is to say cinematographic films were taken out of the purview … 1. The appeal has been directed by the Revenue against the order of the CIT(A) dt. 28th Nov., 1997 pertaining to asst. yr. 1994-95.2. In the sole ground, the Revenue has challenged the direction of the CIT(A) … Revenue has challenged the direction of the CIT(A) to allow deduction under Section 80-I of the Act despite the fact that the product being manufactured

C. S. Mathur Vs. Central Board of Direct Taxes and anr.

Court : Delhi

Subject : Direct Taxation

Reported in : (1998)147CTR(Del)75

the petitioner and the Ministry of Finance. Vide communication dt. 21st February, 1997 (Ex. P11), the Ministry of Finance, Deptt. Of Revenue, has refused to … whereof is not necessary for our purpose.10.1. Sec. 80-O as it originally stood, underwent a change by the Finance Act No. 2 of 1991 (w.e.f. 1st April, 1992). The provision which applied earlier to an Indian company only … costs. Head Note: INCOME TAX Deduction under s. 80-O--OVERRIDING EFFECT Ratio : assessed can claim benefit either under section 80-O or under section 80RRA, whichever is beneficial to him. Held : If an assessed in the same set

Regency Soraj Infrastructures Vs. Union of India and Others

Court : Delhi

Subject : Land Acquisition

letters and words "[the 31st day of March, 2011]" had been substituted".8. Section 80 IA was substituted by Finance Act, 1999. Section 80 IA(1) provides that where gross total income of an assessee includes profits and gains derived … the scheme framed and notified by that Government for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2006: Provided that in a case where an undertaking develops

Titanor Components Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2000)72ITD514(Delhi)

material or processing of goods' appearing in explanation of section 33B of the Act and section 2(8)(c) of Finance Act, 1975 and noted that Legislature has specifically used the expression 'processing' in juxtaposition to 'manufacture' wherever it was … year 1994-95.2. Grounds No. 1 to 11 relate to common issue about deduction claimed by assessee under section 80-IA of IT Act, 1961 (hereinafter referred to as the Act). Facts giving rise to this issue are that