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Electrofronts Vs. Union of India (Uoi)

Court : Mumbai

Subject : ExciseLimitation

Acts : Limitation Act; Central Excise Act, 1944 - Sections 35

Reported in : 2004(1)ALLMR788; 2003(162)ELT1182(Bom)

appeal within time.4. On 11th May, 2001 the Finance Bill, 2001 received the President's assent and became the Finance Act, 2001. The Finance Act, 2001; by Section 127 amended Section 35 of the Central Excise Act by reducing … condone delay in presenting the appeal against the order-in-original passed by the respondent No. 4, dated 18th February, 1999, said to have been received on 20th March, 2003.The Facts:2. The factual score depicts that on 1st August,

Premier Automobiles Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

Reported in : (2003)84ITD169(Mum.)

that slump sales are assessable to tax only by virtue of amendment made in the statute book by Finance Act, 1999 which is prospective in operation. Since the instant sale took place prior to that, it is not taxable. … and in particular adverting our attention to pp. 108 to 110, 118, 127, 133, 134, 137, 138, 140 and 142 to highlight that a consolidated … IT authorities have erred in law and on the facts of the case in taxing Rs. 46,78,000 under Section 41(1) of the Act".The learned counsel of the assessee contended that the amount of Rs. 46,78,000 has been

Anurag Pictures Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Cochin

Subject : Direct Taxation

Reported in : (2004)90ITD669(Coch.)

deduction under Section 80HHC.Further resorting to the newly inserted provisions of Section 80HHF with effect from 1-4-2000 by Finance Act 1999 granting tax holidays to the assessees engaged in the cinematography business, the assessing officer held that such tax

Bangalore Turf Club Ltd. Vs. Union of India

Court : Karnataka

Subject : Direct Taxation

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 … Executives Association v. Rashtriya Ispat Nigam Ltd; [2000] 241 ITR 20/109 Taxman 127 (AP)- (d) Bhel Employees Association v.Union of India; [2003] 261 ITR 15/128 … (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

Garrick D'Silva Vs. Joint Commissioner Of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2006)105TTJ(Delhi)445

more specific provision i.e. sub-Clause (iii)(a) of Clause 2 of Section 17 was introduced de novo by the Finance Act, 1999 w.e.f. 1st April, 2000 whereby the income represented by arising an exercise of stock option was exigible to … upheld the view of the AO with particular reference to the Circular No. 710 of the CBDT (1995) 127 CTR (St) 1 and the decision of the AAR in P. No. 15 of 1998 (supra).17. On further

Iae International Aero Engines Ag Vs. United Breweries(holdings) Limit ...

Court : Karnataka

Subject : Land Acquisition

International Aero Engines AG and others Vs.United Breweries (Holdings) Limited Company Petition No.122/2012 4/244 Between: Rolls-Royce & Partners Finance Limited Having its registered office at 65 Buckingham Gate, London SWIE6T England Represented herein by its Authorised Signatory … with the intent of the parties.” 118. It is submitted that Section 13 of the Foreign Exchange Management Act, 1999 expressly stipulates penalties for contravention of provisions of the Act, any rule, regulation, notification, direction or order issued … petition. Petitioners being Foreign Companies have failed to comply with Section 592 127. Petitioners are companies organized and existing under the laws of England having

Charak Pharmaceuticals (i) Ltd Vs. Union of India and ors.

Court : Delhi

Subject : Excise

Acts : Constitution of India - Article 226; Finance Act, 1962 - Sections 86 to 98

Reported in : 2000IIAD(Delhi)363; 2000(52)DRJ544; 2000(67)ECC749

'tax arrear' within the meaning of Section 87(m)(ii) of the Finance (No. 2) Act, 1998 (for short `the Finance Act'). 7. The petitioner filed an appeal against the order, dated 17th September, 1998, which is stated to be … Constitution of India, the petitioner questions the legality and validity of : (i) a letter dated 9th March, 1999 issued by the Assistant Commissioner (T), Central Excise, Delhi - respondent No. 3 herein, returning the declaration dated

Sumit Bhatttacharya Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2008)113CTR(Mum.)633

vs. Dy. CIT (2003) 80 TTJ (Bang) 106. It is pointed out that it was only by the Finance Act, 1999, that provisions to tax benefit arising under an employee stock option plan was introduced for the first time … the light of the contents of the CBDT Circular No. 710 [(1995) 127 CTR (St) J], which was binding on the AO under Section 119 … directed against the order dt. 15th Dec, 2004 passed by the CIT(A) in the matter of assessment under Section 143(3) r/w Section 254 of the IT Act, 1961 (hereinafter referred to as the Act') for the asst.

Her Majesty's Revenue and Customs (Respondents) Vs. William Grant and ...

Court : House of Lords

Subject : MRTP

v Jones (1970) 48 TC 257, 272-273 and it has now been codified in section 42(1) of the Finance Act 1998: "For the purposes of Case I or II of Schedule D the profits of a trade, profession … amount. The whole of the depreciation charge should be reflected in the profit and loss account." 6. In 1999 SSAP 12 was replaced by Financial Reporting Standard ("FRS") 15 (Tangible fixed assets). Paragraph 77 clarified and refined … Lord Penrose, paras 78-80; Lord Osborne, para 98; Lord Reed (dissenting), paras 127-128. 30. Lord Penrose said that the essential error in the taxpayer's approach

Vijay Madanlal Choudhary Vs. Union Of India

Court : Supreme Court of India

Subject : Land Acquisition

2009) (w.e.f. 1-6-2009); c) The Prevention of Money-Laundering (Amendment) Act, 2012 (2 of 2013) (w.e.f. 15-2-2013); d) The Finance Act, 2015 (20 of 2015) (w.e.f. 14-5-2015); e) The Black Money (Undisclosed Foreign Income and Assets) and Imposition of … in 1989].; h) The Prevention of Corruption Act, 1988 [Section 5(6)].; i) The Maharashtra Control of Organised Crime Act, 1999 [Section 20]. [While this is a State law, it has been adopted by several States, or has served as