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Neolite Polymer Industries Pvt. Ltd. a Company Incorporated Under the ...

Court : Mumbai

Subject : Civil

Acts : Indian Stamps Act, 1899 - Sections 2(3), 2(14), 2(15), 3, 4, 33, 35, 36, 40, 42(1) and 42(2) - Schedule - Articles 13 and 45; Bills of Exchange Act, 1882 - Sections 51, 51(1), 52, 52(3) and 57; Negotiable Instruments Act, 1881 - Sections 80, 104 and 134; Finance Act, 2006; Code of Civil Procedure (CPC) , 1908 - Order 37

Reported in : 2007(6)BomCR539; (2007)109BOMLR1930

evidence, unless such instrument is duly stamped. Clause (a) of the proviso prior to its amendment by the Finance Act of 2006 was to the following effect:(a) any such instrument not being an instrument chargeable with a duty … stamp duty inter alia on every Bill of Exchange payable otherwise than on demand. Article 13 of the Schedule to the Stamp Act provides for various rates of stamp duty in respect of Bills of Exchange which … for recovery of different amounts against different defendant-companies. In Summary Suit No. 1339 of 2006 filed against Neolite Polymer Industries Pvt. Ltd. the Bank claimed

Indian Oil Corporation Limited and anr. and Harinagar Sugar Mills Limi ...

Court : Patna

Subject : Sales Tax/VAT

the previous sanction of the President.15. The Act underwent yet another amendment on April 19, 2006 by Bihar Finance Act, 2006 (Act 7 of 2006). By the amending Act, it was stipulated that the facility of adjustment towards sales … value' and 'local areas' respectively. Section 3(1) provided for levy and collection of tax on entry of the Scheduled goods into a local area for consumption, use or sale therein at such rate, not exceeding five per

Indian Hotels and Restaurant Association Represented by Its Treasurer ...

Court : Mumbai

Subject : Service Tax

the residuary entry i.e. Entry 97 of List I of the Seventh Schedule to the Constitution of India. Section 65 of the Finance Act deals … India, the Petitioners are claiming a writ, order or direction declaring clause (zzzzv) of Section 65(105) of the Finance Act, 2010 as ultravires the Constitution of India, null, void and of no legal affect. It is prayed that … as a part of the activity. Rule 2C was inserted in the Service Tax (Determination of Value) Rules, 2006 with effect from 01.07.2012 which provides that a service tax would be levied on 40% of the gross … S.C. Dharmadhikari, J. 1. Rule. 2. The Respondents waive service. By consent of parties, Rule is

Dcit, Spl. Range-i Vs. Jindal Photo Films Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Eleventh Schedule at serial 9 & 10 are as below: 8. Entry 9 was later (w.e.f. 1-4-89 by Finance Act 1988) substituted by the words "projectors" i.e. to say Cinematographic films were taken out of the purview of … filed by the Revenue is dismissed.Decisron pronounced in the open Court on conclusion of hearing on 9^th August, 2006.1. The following point of difference has been referred to me Under Section 255(4) of the Income-tax Act: Whether,

Deputy Commissioner of Income Tax Vs. Jindal Photo Films Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2008)1113ITD624(Delhi)

at serial 9 and 10 are as below: 8. Entry 9 was later (w.e.f. 1st April, 1989 by Finance Act, 1988) substituted by the words 'projectors', that is to say cinematographic films were taken out of the purview … 2. Hon'ble Vice President Shri R.V. Easwar, sitting as a Third Member, vide his order dt. 5th May, 2006 has concurred with the view taken by the learned AM in favour of the assessee. Accordingly, the impugned … that the product being manufactured by the assessee came under the XIth Schedule of the Act.2A. Briefly, the facts of the case are that the … 1. The appeal has been directed by the Revenue against the order of

Confederation of Real Estate Developers' Association of India (Karnata ...

Court : Karnataka

Subject : Service Tax

filed under Articles 226 and 227 of the Constitution of India praying to declare that the provisions of finance Act, 1994 as amended by finance Act, 2010 introducing an explanation to Section 65(105) (zzq) and 65(105) (zzzh) and … subject matter will fall within the ambit of Entry 49 of List II (State list) of the Seventh Schedule of the Constitution of India. 5.1 He further submitted that the impugned explanations are discriminatory inasmuch as no

M/s. Parle Agro Pvt Ltd. Vs. Commissioner Commercial Taxes Trivandrum

Court : Kerala

Subject : Service Tax

note that Section 6(1)(a), as it stood prior to the amendment brought about by the Finance Act of 2006, did not contain any reference to aerated soft drinks. By the Finance Act of 2007, Section 6(1)(a) was … of more than 10% and that it had been assessed as a 'Fruit Juice Based Drink' till the Finance Act of 2007 amended Section 6(1)(a) of the Act by specifying that aerated branded soft drinks excluding soda would … not mentioned under any other entry in the list or any other schedules and would therefore be chargeable to VAT @ 14.5%. Clarification was also

M/S.Srei Infrastructure Finance Ltd. Vs. Dy.Commissioner of Income Tax ...

Court : Kolkata

Subject : Direct Taxation

1 2 Tax Payable on deemed total Income under section 115J.(7 of Schedule MAT) 1 5 Tax Payable on total income in item 11 of … which is not contemplated by the Income Tax Act. The surcharge and cess have been imposed by the Finance Act and, therefore do not amount to income tax. He then drew our attention to section 115JAA. He relied … section 115J.by an assessee, being a company for the assessment year commencing on the 1st day of April, 2006 and any subsequent assessment year, then, credit in respect of tax so paid shall be allowed to him

Rock Rose Tourist Home Pvt Ltd Vs. the Commercial Tax Officer

Court : Kerala

Subject : Education

P6 : TRUE COPY OF THE RELEVANT PORTION OF SCHEDULE -I APPENDED TO THE KGST ACT, 1963 BY FINANCE ACT, 1988. RESPONDENTS' EXHIBITS : NIL. // TRUE COPY // P.A. TO JUDGE DMR/- ANTONY DOMINIC, J.-------------------------------------------------- W.P.(C) NO.30424 … TRUE COPIES OF THE NOTICES u/s. 7 OF THE KGST ACT READ WITH SECTION 1 FOR THE YEARS 2006 07, 2007-08 AND 2008-09 DATED 27 09.2012 ISSUED BY THE 1st RESPONDENT. EXT P2 : TRUE COPY OF

PVP Ventures Ltd. Vs. Assistant Commissioner of Income-tax, Corporate ...

Court : Chennai

Subject : Direct Taxation

of the Revenue. In that case, the Assessing Officer reopened the assessment, upon receipt of information that various finance companies managed and controlled by Chartered Accountants were involved in providing accommodation entries to the assessee company. Therefore, … as Short Term Capital Gain on sale of land. Since Fixed Assets Schedule of the company for the relevant previous year did not show any … V. Ramasubramanian, J. 1. These writ appeals arise out of the dismissal of two writ petitions … Section 69A. 5. Subsequently, the Assessing Officer passed a rectification order on 6.9.2011 under Section 154 of the Act. This order was for the purpose of adjustment of losses under the head Unabsorbed Depreciation and Business Loss