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Merit Enterprises Vs. Dy. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

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

short issue in this appeal is whether the levy of surcharge in terms of the provisions of the Finance Act, 2002, is valid in a block assessment made under Section 158BC of the Income-tax Act. The tax has to … ITR - Short Notes of Current Cases 2, examining the retrospective or otherwise nature of the provisions of Section 155 of the Income Tax Act, 1961, Hon'ble Andhra Pradesh High Court held as follows- (ii) that in the

Dcit Vs. S.G. Investments and Industries

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

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

of 2001, dated 22-11-2001. Further, in Section 14A of the Act, the following proviso was inserted by the Finance Act, 2002 with effect from the 11th day of May, 2001, namely:- "Provided that nothing contained in this section shall … by Finance Act, 1997. The exemption of dividend from inclusion in the total income is coupled with Section 155-O requiring the company to pay tax. The Section 10(33) (as applicable for the asstt. year 1998-99) and Section

Rastriya Ispat Nigam Limit Vs. Asst. Commissioner of Income Tax and An ...

Court : Andhra Pradesh

Subject : Direct Taxation

depreciation for subsequent year, and so on until the entire unabsorbed depreciation was adjusted against the income. By Finance Act (No.2), 1996 w.e.f 04-07-1997, a time limit was introduced for adjusting the unabsorbed depreciation. After this amendment, such … the [Assessing]. Officer also. (3) .. (4) .. (5) .. (6) .. (7) Save as otherwise provided in section 155 or sub- section (4) of section 186 no amendment under this section shall be made after the expiry

Sri Shanmuga Bleaching Works Vs. Commissioner of C. Ex.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Subject : Service Tax

Reported in : (2005)(99)ECC790

date notwithstanding the amendment to Section 35C of the Central Excise Act, 1944 under Section 140 of the Finance Act, 2002?" 2. Shri K.R. Natrajan, learned Advocate for M/s. Sri Shanmuga Bleaching Works has sent written submissions with a

Asstt. Cit, (inv.) Cir. 1(1) Vs. Prime Securities Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)95ITD249(Mum.)

regarding on period and off period salary. Ultimately the Legislature stepped in to clarify the position by the Finance Act of 1999. During the assessment year 1992-93 the position was not clear and while bona fide dispute was … learned CIT(A) XXV Mumbai dated 31-3-1997 in the case of the assessee in relation to the order under section 155, read with section 154 for assessment year 1991-92.Facts of the case leading to the main dispute in these

M/S. Coal Handlers Pvt. Ltd. Vs. Commnr. of Central Excise, Kolkata

Court : Supreme Court of India

Subject : Service Tax

Forwarding Agents (for short, 'C&F Agents') and, thus, make them liable to service tax in accordance with the Finance Act, 1994 (hereinafter referred to as the 'Act'), as amended from time to time. Since the issue to be … before the Commissioner of Central Excise (Appeals), Kolkata, which was also dismissed by the Commissioner on November 05, 2002. This order was challenged by the appellant before the Customs, Excise & Service Tax Appellate Tribunal (for short, … has been explained by the Notification dated 20th June, 2003 reported in 155 ELT N-171, vide paragraph 2.1.3 it has been clarified that C&F agents … of the Act. By the said Act, sub-section (25) was inserted in Section 65, which defines C&F Agent as under:“(25) “clearing and forwarding agent” means

Commissioner of Income Tax Vs. Sharda Kochhar

Court : Delhi

Subject : Land Acquisition

capital gains and deductions therefrom. The question which arises for determination is-why was Section 45(5) inserted by the Finance Act, 1987, w.e.f. 1-41988?. Under Section 45(1), profits or gains arising from the transfer of a capital asset effected … the Income Tax Act, 1961, (Act, for short) pertains to assessment year 1988-99. By order dated 9th January, 2002, the following substantial questions of law were admitted for adjudication:“(A) Whether the amount of Rs.72,80,752/- received by the … assessment of the year in which capital gains was originally assessed, Section 155(7-A) was also introduced. However, as stated above, since additional compensation under the

Commissioner of Income Tax I vs M/S the India Cements Ltd

Court : Chennai

conditions of the agreement governing such loan or borrowing or .... .. Explanation 3 C: **(inserted by the Finance Act, 2006 w.e.f a deduction of any sum, being interest payable under clause (d) of this section, shall be … the previous year in which such debt or part is written off, the provisions of sub-section (6) of section 155 shall apply;(iv) where such debt or part of debt relates to advances made byan assessee to which clause

Chitra Devi, Prem Prakash Soni and Vs. Assistant Commissioner of Incom ...

Court : Income Tax Appellate Tribunal ITAT Jodhpur

Subject : Direct Taxation

on the legal score as well. We may note that the provision of Section 158BB(1) stands amended vide Finance Act, 2002 w.r.e.f 1st July, 1995, and the relevant amended provision stands as under : "158BB-(1) The undisclosed income of … ornaments in possession of assessee is there on record and in this regard, he has referred to p. 155 of PB as also pp. 29 and 31 of PB. He has also relied on his written statement.

Chitra Devi Vs. Asstt. Cit

Court : Rajasthan

Subject : Direct Taxation

Reported in : (2002)77TTJ(NULL)640

Matched in: Citation (2002)77TTJ(NULL)640