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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)

80 HHC as contended on behalf of the assessee. Section 80 HHC Sub-section 1B was introduced by the Finance Act with effect from 1.4.2001 so as to phase out the deduction completely by assessment year 2005- 06. Section … in approving the Order of the CIT(A) in allowing Respondent to exclude export profits for the purpose of Section 115 JB at the figure other than that allowed under Section 80 HHC (1B)?2. Whether in law for the

Mohananlal M. Shah Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2007)105ITD669(Mum.)

and the heads of income are as under: Section 14A of the Income-tax Act was inserted by the Finance Act, 2001 with retrospective effect from 1-4-1962, which provided as under: Section 14A - For the purpose of computing the … in total income. Section 10(33) provides that income received by way of dividend as referred to in Section 115-0 of the Income-tax Act are exempt from tax. Section 115-0 of the Income-tax Act talks of tax on

Macintosh Finance Estates Ltd. Vs. Additional Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Matched in: Parties Macintosh Finance Estates Ltd. Vs. Additional Cit

Wimco Seedlings Ltd. Vs. Dy. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Land Acquisition

Reported in : (2007)293ITR216(Delhi)

of the activity is exempt from taxation however, a new section i.e. Section 14A has been inserted by finance Act, 2001 retrospectively which provides as under: Section 14A : For the purpose of computing the total income under this … the CIT(A). In contrast it is obvious from the notice of the AO dated 7-2.97 placed at page 115 of the paper book calling for the required information. that the information/details were required in connection with the

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

Court : Supreme Court of India

Subject : Land Acquisition

The position is made clear by Circular No.14 issued by the C.B.D.T. explaining the said purpose of the Finance Act, 2001. The said Circular has also been placed before the Court by the learned Solicitor General.17. The learned Solicitor … plain grammatical construction thereof and the said provision is attracted in respect of dividend income referred to in Section 115-O as such income is not includible in the total income of the shareholder. Sub-sections (2) and (3) of

Dcit Vs. S.G. Investments and Industries

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

Reported in : (2004)89ITD44(Kol.)

Act." 9. A new Section 14A in Chapter IV of the Income-Tax Act, 1961 was inserted by the Finance Act, 2001, with retrospective effect from 1-4-1962. The Circular No. 14 of 2001, dated 22-11-2001 issued by the CBDT and … exempted dividend income violating provisions of Section 14A and also the provisions contained in Sub-section (5) of Section 115-O of the Act." 3. The A.O. has discussed the issue in his asstt. order wherein it is stated

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)

of dividends referred to in Section 115O are not includible in the total income. Section 14A inserted by Finance Act 2001 directs disallowance of the expenditure incurred in relation to dividends referred to in Section 115O in certain cases.20. … Section 10(33) as it stood during Assessment Year 200203 income by way of dividend referred to in Section 115O was not to be included in computing the total income of any person for a previous year. Similarly,

M/S T T K Prestige Ltd Vs. The Union of India Reptd by Its Finance Sec ...

Court : Karnataka

Subject : MRTP

Matched in: Parties M/S T T K Prestige Ltd Vs. The Union of India Reptd by Its Finance Secretary

Fargo Marine Co. Ltd. Vs. Cc (Seaport)

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Tamil Nadu

Subject : Service Tax

Reported in : (2004)(94)ECC437

such precautions against smuggling as may be specified in the rules. The Second condition was removed by the Finance Act, 1988. The effect of the amendment was that failure to take precautions as specified by the department was … vessel was set aside. (b) CARL F. Peters v. CCE, (Prev) Mumbai, 2001 (133) ELT 580 (Tri-Mumbai) wherein also in similar circumstances the confiscation of … (Sea) Chennai by which the Commissioner has confiscated the vessel m.v. Tiger Bridge valued at Rs. 8,48,11,500 under Section 115(2) of the Customs Act, 1962 with option to redeem the same on payment of fine of Rs. 85,00,000.

Mafatlal Holdings Ltd. Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2004)85TTJ(Mum.)821

referred to p. 13 of the CIT(A)'s order and contended that Section 14A has been inserted by the Finance Act, 2001, retrospectively w.e.f. 1st April, 1962 and under that section any expenditure not only interest on earning of exempt … Act. During the year under consideration, dividend income received by the shareholder and as referred to in Section 115-O was exempt under Section 10(33) of the Act. As per the provision of Section 115-O, however, a company