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National Federation of Insurance Field Workers of India and anr. Vs. U ...

Court : Uttaranchal

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 14, 15, 16, 17, 17(1), 17(2), 192(2C), 295, 295(2), 296 and 296(1); Finance Act - Sections 17(2); Income Tax (Amendment) Rules, 2001 - Rule 3

Reported in : (2004)187CTR(Uttranchal)180; [2004]265ITR84(Uttaranchal)

authority, to identify 'interest free loan/concessional loan' as a fringe benefit under Section 17(2)(vi) (as inserted by the Finance Act, 2001) with effect from April 1, 2002. In this connection, it was further argued that under Section 17(2)(vi) the … of Insurance Field Workers of India have, challenged the Notification dated September 25, 2001 (see [2001] 251 ITR 81), issued by the Central Board of Direct Taxes (hereinafter referred to for the sake of brevity as the

The Commissioner of Income-tax Vs. A.K. Khosla

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 10, 14, 15, 16, 17, 17(1), 17(2), 17(3), 143(1), 143(3), 147 and 148; ;Indian Income Tax Act, 1922 - Section 7(1); ;Income Tax Rules - Rule 3; ;Finance Act, 1999 - Section 17(2); ;Finance Act, 2001; ;Finance Act, 2002 - Section 271; ;Securities Contracts (Regulation) Act, 1956 - Section 2; ;Constitution of India - Article 20(1)

assessee will come within the definition of Section 17(3)(iii) of the Act. The said Section was introduced by Finance Act, 2001 with effect from 01.04.2002. The amended provision reads as follows:Any amount due to or received, whether in lump

M/S.Malaysian Airlines. M/S.Saudi Arabian Airlines. and ors Vs. the Un ...

Court : Mumbai

Subject : Service Tax

Acts : Constitution Of India - Article 226

under Article 226 of the Constitution of India are challenging imposition of penalty under section 38(3) of the Finance Act, 1979 ("Finance Act" or "Act" for short) for delay in payment of Foreign Travel Tax ("FTT" for short) … 1979 framed thereunder ("FTT Rules" for short). The petitioner for the months of April, August, September and December, 2001 failed to pay the FTT within the stipulated period. In view of its failure, four separate showcause notices … effect to. [also see Bimal Chandra Banerjee v. State of Madhya Pradesh, 81 ITR 105 (SC); Lohia Machines Ltd. v. Union of India, 152 ITR

Jodhpur Chartered Accountants Society and anr. Vs. Union of India and ...

Court : Rajasthan

Subject : Direct Taxation

Reported in : (2002)176CTR(Raj)177

petitions filed under article 226 of the Constitution of India challenging the constitutional validity of the provisions of Finance Act by which service offered by the chartered accountants, real estate agents (property dealers) and the architects have been … 75 deals with interest for delayed payment. Sections 75A, 76, 77, 78, 79 and 80 provides for penalties; section 81 fixes the liability for offences by companies. Section 82 deals with the powers to search premises. By virtue

Jodhpur Chartered Accountants Society and anr., Vs. Union of India (Uo ...

Court : Rajasthan

Subject : Service Tax

Acts : Finance Act, 1994 - Sections 65 to 68; Constitution of India - Articles - 246, 248 and 276

Reported in : [2003]264ITR529(Raj); 2006[3]STR344; 2002WLC(Raj)UC708

filed under article 226 of the Constitution of India challenging the constitutional validity of the provisions of the Finance Act by which service offered by the chartered accountants, real estate agents (property dealers) and the architects have been … deals with interest for delayed payment. Sections 75A, 76, 77, 78, 79 and 80 provide for penalties ; Section 81 fixes the liability for offences by companies. Section 82 deals with the powers to search premises. By virtue

M/S Shivagrico Implements Ltd. Vs. Cce, Jaipur-i

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Excise

Reported in : (2002)(149)ELT716TriDel

and final products on 17.3.1994. with effect from 1.8.1997 Section 3-A was inserted by Section 81 of the Finance Act, 1997 (26 of 1997), providing for charging excise duty on the basis of the capacity of production in

Commissioner of Income-tax Vs. Kota Co-operative Marketing Society

Court : Rajasthan

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80P(2)

Reported in : [2003]262ITR452(Raj)

Singhi.6. Mr. Singhi, learned counsel for the Revenue, submits that after the insertion of Section 14A by the Finance Act, 2001, no deduction shall be allowed in respect of the expenditure incurred by the assessee in relation to income … assessee in respect of profits and gains of business carried on by the assessee, as specified in Section 81(i), Clauses (a) to (f), is not liable to payment of tax, whereas the income from the other activities

Commissioner of Income Tax Vs. Kota Co-operative Marketing Society

Court : Rajasthan

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 80P(2)

Reported in : (2003)180CTR(Raj)398

Revenue Mr. Singhi.4. Mr. Singhi learned counsel for the Revenue submits that after insertion of Section 14A by Finance Act, 2001, no deduction shall be allowed in respect of expenditure incurred by assessee in relation to income which is … assessee in respect of profits and gains of business carried on by the assessee, as specified in Section 81(i), Clauses (a) to (f), is not liable to payment of tax, where as the income from the other

Wallfort Shares and Stock Brokers Vs. Income-tax Officer [Alongwith

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Land Acquisition

by the Finance (No. 2) Act, 1991 with retrospective effect from 1.4.1972; insertion of Section 14-A by the Finance Act, 2001 with retrospective effect from 1.4.1962; Explanation to Section 36(1)(viii) by Finance Act, 1992 with retrospective effect from 1.4.1987 … of Hon'ble Supreme Court in Best & Co., 60 ITR 11 (SC) and Continental Construction Co., 195 ITR 81 (SC); Calcutta High Court in the case of Dunlop Rubber Co., 107 ITR 182 (Cal.) and Bombay High

United Phosphorus Limited Vs. Joint Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2001)73TTJ(Ahd.)404

Matched in: Citation (2001)73TTJ(Ahd.)404