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Coromandel Fertilisers Limited Vs. Dy. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2004)90ITD344(Hyd.)

has brought in the necessary amendment under Section 43(6) (c) (i) (C) with effect from 1.4.2000 by the Finance Act, 1999. Section 43(6) (c) (i) (C) provides for the decrease, in a slump sale, of the w.d.v. of the assets

Merit Enterprises Vs. Dy. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2007)288ITR226(Hyd.)

clear, and they mandated the levy of surcharge. In this context, he referred to the provisions of annual Finance Act, 1999, Schedule-I, which clearly mandated that the income-tax levied in terms of Section 113 shall be increased by a … Hon'ble Supreme Court in the case of Madurai District Central Co-operative Bank Ltd. v. Third Income-tax Officer, Madurai 101 ITR 24. Pages 29 to 31 and 36 of that judgment may be seen to know that in

Uttam Steel Ltd. Vs. Union of India (Uoi)

Court : Mumbai

Subject : Excise

Acts : Central Excise Rules, 1944 - Rule 12; Central Excise Act, 1944 - Secttion 11B; General Clauses Act, 1897 - Sections 6

Reported in : 2003(4)ALLMR829; 2003LC898(Bombay); 2003(158)ELT274(Bom); 2004(1)MhLj497

words 'one year' for the words 'six months' wherever they occurred. Similarly, in the submission of the petitioners, Section 101 of the Finance Act, 2000 amended Section 11B of the Act by substituting the words 'one year' for … the petitioners, it would not be open to the Revenue to ignore the statutory changes introduced by the Finance Act, 2000 and disregard the substituted provision which allowed a rebate claim to be filed within one year from … petition is concerned with two shipments of goods which were exported in 1999 and in respect whereof the petitioners claimed rebate. The petitioners exported galvanized

M/s. Tata Engineering and Locomotive Co. Ltd. Vs. State of Maharashtra

Court : Mumbai

Subject : Sales Tax

trade mark or patent or a person entitled to a use thereof in terms of the Trade Marks Act, 1999. He submits that the object and purpose sought to be achieved by the Trade Marks Act, 1999 must … Commissioner, Trade Tax, U. P. vs. Varanasi Auto Sales (P) Ltd. (1996) 101 STC 555 28. For a proper appreciation of the rival contentions, it … was legally justified in holding that the amount of Rs.8,34,781/- as per hire purchase agreement dated 7.2.1996 hire financed in favour of Shri. Ajit Singh Bhimrao was liable to tax under Section 8 of the B.S.T. Act,

Director of Income-tax (Exemption) Vs. All India Personality Enhanceme ...

Court : Delhi

Subject : Direct Taxation

the Act. Similar restrictions were imposed by proviso to Section 10(23C)(vi) of the Act by virtue of the Finance Act, 1998 w.e.f. 1st April, 1999; however, by virtue of the fifth Proviso to Section 10(23C)(vi) of the Act, … in Queens Educational Society v. CIT (2015)] 372 (ITR) 699 (SC); Indian Chamber of Commerce v. CIT (1975) 101 ITR 796 (SC); Aditanar Educational Institution v. CIT (1997) 224 ITR 310 (SC) and Oxford University Press v.

Dlf Universal Ltd. Vs. Appropriate Authority and anr. Etc.

Court : Supreme Court of India

Subject : Direct Taxation

Reported in : (2000)160CTR(SC)401

Ratanlal Exports Ltd. v. Appropriate Authority (1999) 8 DTC 241 : (1998) 101 Taxman 562 (Cal.) the High Court was considering an appeal against the … issues before us. Chapter XX-C consisting of sections 269U to 269UO was inserted in the Act by the Finance Act, 1986 with effect from 1-10-1986. This was to curb the menace of black money. The basic scheme of … appeals is directed against the judgment dated 1-12-1998 of the Division Bench of the Delhi High Court interpreting section 269UC of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') and Rule 48L and Form

Bangalore Turf Club Ltd. Vs. Union of India

Court : Karnataka

Subject : Direct Taxation

Federation Of Tax Practitioners v. Union of India [1999] 236 ITR 1/[1998] 101 Taxman 401 (Delhi)- (g) Federation Of Hotel and Restaurant Association Of India … Minister made a speech on the Floor of Parliament making it explicitly clear and indicating thereunder that by Finance Act , 1986 Section115BB has been inserted to provide gross winnings from lotteries, crossword puzzles, races including horse races … (5) Declare that Stake Money paid by the petitioner cannot be construed as winnings from games as per Section 194B of the Act. (6) Declare that the correct provision applicable in the present case is the Board

Assistant Commissioner of Income Vs. Asea Brown Boveri Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2007)11TTJ(Mum.)502

that Section 50B has retroactive effect is not correct. According to him, Section 50B was introduced by the Finance Act, 1999 w.e.f. 1st April, 2000. According to him, the Notes on Clauses, the Memo Explaining the Provisions of the … opportunity of hearing to the assessee.B. Taxability of the profits/gains if the transaction is treated as slump sale 101. Both the parties have also argued about the taxability of profits or gains if the impugned transaction is

Whirlpool of India Ltd. Vs. Videocon Industries Ltd.

Court : Mumbai

Subject : Land Acquisition

1941 Bom 188); and Kemp and Co. vs. Prima Plastics (1999 Vol. 101 (1) Bom LR 65. (vi) The Trade Marks Act (Act of 1958 … has relied upon the decisions of the Hon'ble Apex Court in Reserve Bank of India vs. Peerless General Finance and Investment Co. Ltd. and Ors. (1987) 1 SCC 424 @para 33)and High Court of Gujarat and Another … there is no parallel provision in the Act as in Section 30 (2) (e) of the Trade Marks Act, 1999, the same is irrelevant as Section 11 read with Section 2 (c) of the Act gives exclusive right

Subhash Gupta (individual) Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Jaipur

Subject : Direct Taxation

Reported in : (2003)78TTJ(JP.)692

arise.The above position was also recognised by the legislature and Clause (iii) to Section 271(1)(c) was amended by Finance Act, 2002, w.e.f. 1st April, 2003. The corresponding provision of the Finance Bill i.e., Section 101 provided as under: … the assessment order shows that required details have also been filed. Assessee vide his letter dt. 20th Sept., 1999, enclosed a statement of reasons for incurring losses by it. This read as under: "1. It is one