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Commissioner of Income Tax Vs. Balika Finance Co. Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act - Sections 32A, 36, 36(1), 37, 37(3), 56, 57, 80AA, 80M and 80M(1); Finance Act, 2001 - Sections 14A

Reported in : (2008)215CTR(Mad)255; [2008]299ITR421(Mad)

Matched in: Parties Commissioner of Income Tax Vs. Balika Finance Co. Ltd.

Commissioner of Income-tax Vs. Revathi Equipment Ltd.

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 143(1), 143(3), 207, 208 to 219, 234B, 234C and 260A; Companies Act, 1956; Finance Act, 2001 - Sections 35DDA and 37; Finance Act, 1990

Reported in : (2008)219CTR(Mad)51; [2008]298ITR67(Mad)

by the Revenue.3. Learned standing counsel appearing for the Revenue submitted that Section 35DDA was introduced by the Finance Act, 2001, with effect from April 1, 2001. Hence the assessee was not entitled to full deduction on account of … that payments to employees under the VRS were in the nature of business expenditure and was deductible under Section 37. Therefore, till the introduction of new provisions under Section 35DDA, the assessee could have estimated the income legitimately

M/s. Bharti Airtel Ltd. Vs. The Commissioner of Central Excise

Court : Mumbai

Subject : Service Tax

Special Importance) Act, 1957( 58 of 1957);(v)(v) the National Calamity Contingent duty leviable under section 136 of the Finance Act, 2001 (14 of 2001)(vi)(vi) the Education Cess on excisable goods leviable under section 91 read with section 93 of … Raipur, (2010(253) ELT 440(Tri-LB)); (II) Quality Steel Tubes (P) Ltd) versus Collector of C. Ex., ((1995) 2 SCC 372) (III) Triveni Engineering and Industries Ltd and Anr Versus Comm. Of C. Ex. (2000) and SCC 29 (IV)

Commissioner of Income Tax Vs. Manjara Shetkari Sahakari Sakhar Karkha ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(19), 37(1), 40A(2), 80P and 260A; Maharashtra Co-operative Societies Act, 1960 - Sections 2(4), 65, 78 and 79A; Essential Commodities Act, 1955 - Sections 3(3); Co-operative Societies Act, 1912; Finance Act, 2001 - Sections 2(18), 2(24), 27(111). 36(1), 40, 45(3), 80L(1), 80P, 139(1), 193, 194A(3), 269T and 269

Reported in : (2008)214CTR(Bom)662; [2008]301ITR191(Bom)

27(111). 36(1)(ia), 40(ba), 45(3), 80L(1)(ii), (vi), (via), (viii), (ix), 80P, Expln. 1 (b)(1) to Section 139 (1)(prior to Finance Act, 2001), 193 (iib), 194A(3)(i), (v), 269T and 269 (VA). In these circumstances, it was held that under the IT … Price (SMP) was cane price and not diversion of profit and as such allowable as business expenditure under Section 37(1) of the IT Act, 1961?3. Whether on the facts and in the circumstances of the case cane price/Khodki

Ram Nath Jindal and anr. Vs. Commissioner of Income-tax

Court : Punjab and Haryana

Subject : Direct Taxation

Acts : Income-tax Act, 1961 - Sections 16, 32, 32(1), 34, 37, 41(2) and 143(1); Finance Act, 2001

Reported in : [2001]252ITR590(P& H)

Matched in: Citation [2001]252ITR590(P& H)

Southern Petro Chemical Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Direct Taxation

Reported in : (2005)93TTJ(Chennai)161

to the dividend income. The AO observed that as per the provisions of Section 14A (inserted by the Finance Act, 2001, with retrospective effect from 1st April, 1962), no deduction was allowable in respect of expenditure incurred by the … disallowing the guest-house expenditure and during the course of hearing it was informed that the provisions of Section 37(4) were not applicable for the asst. yr. 2000-01. The learned CIT(A) has observed that the assessee was unable

Kiran Corporation Vs. the Asstt. C.i.T.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2006)102TTJ(Ahd.)375

the Income-tax Act and contended that Explanation to Section 36(1)(vii) applied in this case was introduced, by the Finance Act, 2001 with retrospective effect from 1.4.1989. The aforesaid Explanation, was not applicable when the return for the relevant assessment … which provides that any provision for bad and doubtful debt would not qualify as permissible deduction Under Section 37(1)(vii) of the IT. Act. 6. The Hon'ble Gujarat High Court in the case of Sayaji Iron and Engg.

Kiran Corpn. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2006)98ITD119(Ahd.)

under Section 36(1)(vii) would be treated as complied with.However, Explanation has been inserted below Section 36(1)(vii) by the Finance Act, 2001 with effect from 1-4-1989 which provides that any provision for bad and doubtful debt would not qualify as … after detailed review of the case law on the subject and taking into consideration Explanation appended below Section 37(1) by the Finance (No. 2) Act, 1998 with retrospective effect, it has been held that the twin facet

Dharampal Satyapal Ltd. Vs. Union of India (Uoi) and ors.

Court : Guwahati

Subject : Excise

Acts : Central Excise Act - Sections 5A and 5A(1)

issued by the Government of Bihar dated 2.4,1994 in exercise of power under Section 7 of the Bihar Finance Act to the extent it indicates 'who has not availed of any facility or benefit under any industrial promotion … unit commenced commercial production with effect from 8.8.2000.The appellants in WA No. 222/2002 (petitioner in WP(C) No. 2854/ 2001) had stated in the writ petition that they have set up a plant for manufacturing flavoured chewing tobacco … announced and made applicable by the Sales Tax Department as before. ' 37. The State Government issued a notification on 4.4.1994 in exercise of power

Everplus Securities and Finance Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2006)101ITD151(Delhi)

Matched in: Parties Everplus Securities and Finance Vs. Deputy Commissioner of Income Tax