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United India Insurance Co. Ltd. Vs. Mitaben Dharmeshbhai Shah and ors.

Court : Gujarat

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 194A; Motor Vehicles Act, 1988 - Sections 168 and 171; Finance Act, 2003

Reported in : III(2004)ACC413; 2004ACJ1996; (2004)189CTR(Guj)329; (2004)2GLR1069; [2004]269ITR63(Guj)

Motor Accidents Claims Tribunal.9. The said clause has been inserted with effect from 1st June, 2003 by the Finance Act, 2003. Admittedly, the amount of interest has been deposited by the petitioner-Insurance Company on 2nd July, 2003 i.e. after … - interest - Section 194A of Income Tax Act, 1961 and Sections 168 and 171 of Motor Vehicles Act, 1988 - Order directing petitioner to … dues since the Insurance Company has deducted a sum of Rs. 69,538-00 as tax deducted at source under Section 194A of the Income-Tax Act, 1961 (hereinafter referred to as 'the Act').4. The learned Judge, however, relied upon

Commr. of C. Ex. Vs. Daylight Electronics Pvt. Ltd.

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

Subject : Service Tax

and accordingly demanded Service Tax of Rs. 82,958/- from the respondents under Sections 68 and 75 of the Finance Act, 1994. Interest was also sought to be levied on this amount. Penalties were sought to be imposed on … foreign company for "Consulting Engineers Service" and accordingly demanded Service Tax of Rs. 82,958/- from the respondents under Sections 68 and 75 of the Finance Act, 1994. Interest was also sought to be levied on this amount.

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 … of CIT. v. Investment Trust of India Ltd [2003]264 ITR 506/127 Taxman 168 (Mad.) and came to be held as binding on the department. 52. … (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

M/S Wipro Limited Vs. The Deputy Commissioner of Income Tax

Court : Karnataka

Subject : Direct Taxation

of income tax in both the countries was sine qua non. However, by the amendment made by the Finance Act 2003, the benefit of granting the relief was extended to even in respect of income tax chargeable under the … made to STP units in India from “export turnover” for the - 168 - purpose of computing deduction under section 10A of the Act?.” [Question … …RESPONDENT (By Sri E.R.Indrakumar, Senior Counsel for Sri K.V.Aravind, Adv.) - 2 - This I.T.A. is filed under Section 260-A of I.T.Act, 1961 arising out of order dated 30.05.2008 passed in ITA No.468/BNG/2006, for the assessment year

Joint Commissioner of Income-tax Vs. Montgomery Emerging Markets Fund

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2006)100ITD217(Mum.)

The source will be the asset itself. The CIT(A) further referred to the amendment brought in by the Finance Act, 1987 (No. 2 of 1987) with effect from 1 -4-1988. According to the CIT(A), as per the said … CBDT in its circular No. 495, dated 22-9-1987 which is reported in 168 ITR 87 (St). They also contended that the decision arrived at by … the present cases, fall. Again the law has been amended and it is different from the assessment year 2003-04 onwards.22. He explained that as per the law stood in Section 70 upto assessment year 1987-88, where the

Assistant Commissioner of Income Vs. Apsara Processors (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2005)92TTJ(Ahd.)645

by the assessee. Sub-clause (iii) of Section 271(1)(c) has been amended by Finance Act, 2002 w.e.f. 1st April, 2003, and by the amendment the words "in addition to tax payable" have been replaced by the words "in … is loss having regard to the amendment made by the Taxation Laws (Amendment) Act, 1975, and by the Finance Act, 2002 ?" 2. The facts which are common in all the cases are that all the assessees have … Reliance was placed on Atul Kumar Deovrat & Co. v. CIT (1987) 168 ITR 286 (Cal). On this proposition, it was contended that in P.R.

Glaxo Smith Kline Consumer Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Land Acquisition

Reported in : (2007)112TTJ(Chd.)94

treated as capital in nature. Thirdly, the AO noted that the amendment under Section 36(1)(iii) made by the Finance Act, 2003 w.e.f. 1st April, 2004 provided that interest from the date on which the capital was borrowed for acquisition

Commissioner of Income Tax Vs. M/S Classic Binding Industries

Court : Supreme Court of India

Subject : Direct Taxation

of “units” established in certain special category States. Thus, Section 80-IC came to be inserted by virtue of Finance Act, 2003, applicable with effect from 1st April, 2004. At this point., It may only be noticed that correspondingly certain … for the sake of convenience, we may record the facts of Civil Appeal No.7208 of 2018 (@ SLP(C) 16851 of 2018).4. Section 80-IA was inserted by the Finance (No.2) Act, 1991, with effect from 1st April, 1991.

J.K. Industries Ltd. Vs. Union of India (Uoi)

Court : Rajasthan

Subject : Customs

Acts : Companies Act, 1956; Customs Tariff Act, 1975 - Sections 3, 8C, 9 and 9A to 9C; Customs Tariff (Amendment) Act, 1982; Customs Act, 1962 - Sections 12, 15, 46, 58, 68, 72 and 129; Indian Tariff Act, 1934; Finance Act, 2003 - Sections 8B, 8C, 8(8) and 15(1); Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), 2002; Finance Act, 2000 - Sections 9AA; Income Tax Act, 1922 - Sections 34; Income Tax Act, 1961 - Sections 148; Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 - Rules 2, 3, 4, 5 to 17, 18, 19 and 20; Constitution of India - Articles 12, 14, 136, 226, 227, 229 and 265

Reported in : 2005(103)ECC152; 2005(186)ELT3(Raj)

before competent authority before goods are cleared from warehouse under Section 68.35. Until Section 15(1)(b) was amended vide Finance Act, 2003, the rate of duty and valuation of tariff was to be done as per the date on which

Managing Director of Metropolitan Transport Corporation Ltd Vs. Ramara ...

Court : Chennai

Subject : Land Acquisition

accepts the opinion of the panel counsel, the matter would be placed before the next Committee, called as Finance Committee and as per the opinion of the said Committee, appropriate action would be taken by the respective … attention the judgment of this Court in Banarsi v. Ram Phal , 2003 (2) SLT 258.2003 (9) SCC 606.which supports the proposition that in an … the Claims Tribunal, do not even attempt to execute the decrees, as there is a further litigation cost. Section 168(3) of the Motor Vehicles Act, 1988, states that when an award is made under the abovesaid section, the