Advanced Search Results

Tube Investments of India Limited Represented by Its Vice President, T ...

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(24), 5, 9(1), 10A, 10A(1A), 10B, 28 to 43C, 43D, 44AC, 64, 72, 80, 80(IA), 80(IE), 143C, 145, 153, 192, 193, 194, 194A, 194C, 194C(1), 194D, 194G, 194H, 194I, 194J, 194LA, 195, 195(5), 195A, 197, 198, 199, 200, 200(1), 201, 201(1), 201(1A), 205, 206C, 221, 271C, 276B and 276BB; Hindu Women's Right to Property Act; Companies Act; Finance Act, 1983; Finance Act, 2007; Central Excises and Salt Act, 1944 - Sections 11D; Bombay Rents, Hotel and Lodging House Rates Control Act, 1947 - Sections 11(4); Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), 2002 - Sections 13(4), 17 and 17(2); Andhra Pradesh Shops and Establishments Act, 1966 - Sections 47(3); Payment of Gratuity Act, 1972; Partnership Act, 1932 -

Reported in : (2009)226CTR(Mad)313; [2009]185TAXMAN438(Mad)

submission.87. The contention comparing Section 40(a)(ia) with the proviso to Section 40A(3)(b) of the Act as introduced through Finance Act, 2007, can have no relevance, in as much as in the first place, the two substantive provisions are not … attract imposition of tax. The Hon'ble Supreme Court therefore held that by virtue of Section 44AC read with Section 206C when it is brought to tax, though levied with reference to the purchase price and at an earlier

M/s. Lakshminirman Bangalore Pvt. Ltd., Rep. by its Managing Director ...

Court : Karnataka

Subject : Direct Taxation

227 of Constitution of India praying to declare the newly inserted Sec.234E of the IT Act, by the Finance Act, 2012 as unconstitutional being arbitrary, discriminatory and unreasonable, the relevant extract of Section 234E is enclosed as Annexure-A. … proposing to levy fee for delay in furnishing statement u/s 200[3] of proviso to sub section [3] of section 206c of the Income Tax Act 1961, vide Annexures-A1 to A3. These Writ Petitions are filed under Article 226

The Excise Commissioner, Karnataka Vs. Mysore Sales International Ltd ...

Court : Supreme Court of India

Subject : Service Tax

margin would depend upon various factors. 4.5. Section 206C was inserted in the Income Tax Act by the Finance Act, 1988 with effect from 01.06.1988. It casts an obligation on the “seller” of alcoholic liquor etc. of deducting … preferred. After leave was granted on 23.04.2007, the same came to be registered as Civil Appeal No.2168 of 2007.6. Sh. Avishkar Singhvi, learned AAG appearing for the appellant submits that Section 206C of the Income Tax Act

M/S. Lakshminirman Bangalore pvt.ltd Vs. The Deputy Commissioner of In ...

Court : Karnataka

Subject : Education

227 OF CONSTITUTION OF INDIA PRAYING TO DECLARE THE NEWLY INSERTED SEC.234E OF THE IT ACT, BY THE FINANCE ACT, 2012 AS UNCONSTITUTIONALBEING ARBITRARY, DISCRIMINATORY & UNREASONABLE. THE RELEVANT EXTRACT OF SECTION234 IS ENCLOSED AS ANNEXURE-A. 6 W.P.NOs.6918-6938/2014: … statement within the time prescribed in sub-section (3) of Section 200 or the proviso to sub-section (3) of Section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every

Dr. Amrit Lal Mangal Vs. Union of India

Court : Punjab and Haryana

Subject : Direct Taxation

the provisions of Section 234E of the Income Tax Act, 1961 (in short "the Act") as incorporated vide Finance Act, 2012. Further, prayer has been made for quashing the assessment orders (Annexure P-2 Colly) passed under Section 200A … (SC); (iv) Bidhannagar (Salt Lake) Welfare Association v. Central Valuation Board AIR 2007 SC 2276; (v) Raja Jagannath Baksh Singh v. State of U.P. AIR … statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every

Commissioner of Income Tax, Kolkata I Vs. Birla Corporation Limited

Court : Kolkata

Subject : Direct Taxation

is for the period prescribed in Clause (b), Sub-section (1) of the said section. In Cholamandalam Investment and Finance Co. Ltd. (supra), it was held that even though the short title to Section 140A reads as selfassessment, … CIT v M/s. Vam Organic Chemiclas Ltd. (Income Tax Appeal No.49 of 2007 Allahabad High Court, decided on 26th February 2015) the Court relying on … provisions contained in Section 115WJ (Advance tax in respect of fringe benefits), Section 199 (Credit for tax deducted), Section 206C (Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc.) or Section 207 … J.The revenue has come up in appeal u/s.260A of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) against a judgment and order

Sedco Forex International Inc. Thr. Its Constituted Attorney Mr. Navin ...

Court : Supreme Court of India

Subject : Direct Taxation

person under the Act which provides that income tax shall be levied at the rates provided by the Finance Act on the ‘total income’ of the previous year. Scope of total income is provided under Section 5 of … of 2010), the High Court followed its earlier judgments dated September 20, 2007 and May 22, 2009 to hold that reimbursement of expenses incurred by … Section 44AC of the Act has been interpreted in a similar manner holding that Section 44AC read with Section 206C is the only machinery provision and not charging Section.18) Towing the aforesaid line of argument, another submission of

Cit Vs. Engineers India Ltd

Court : Delhi

Subject : Direct Taxation

of Income Tax Act which is at the core of this dispute, as it stands after amendment by Finance Act, 2005 w.e.f. 01.04.2006, to the extent relevant, reads as under:“244A. Interest on refunds. (1)Where refund of any amount … namely:(a) where the refund is out of any tax paid under section 115WJ or collected at source under section 206C or paid by way of advance tax or treated as paid under section 199, during the financial year

Maheshwari Agro Industries Vs. Union of India

Court : Rajasthan

Subject : Direct Taxation

254 of the Act by Finance Act, 1999 with effect from 01.06.1999 and further first proviso substituted by Finance Act, 2007 with effect from 01.06.2007 extending period of stay granted by the ITAT in the first instance for 180 … this section.] [(1B) Every appeal filed by an assessee in default against an order under sub-section (6A) of section 206C on or after the 1st day of April, 2007 but before the 1st day of June, 2007 shall

Commissioner of Income-tax Vs. H.E.G. Ltd.

Court : Madhya Pradesh

Subject : Direct Taxation

Reported in : (2010)228CTR(MP)497; [2009]310ITR341(MP)

Act in accordance with the terms and provisions of the said sections.12. In CIT v. Cholamandalam Investment and Finance Co. Ltd. [2007] 294 ITR 438 (Mad), it was held as under (headnote):. that in view of the … calculated in the following manner, namely:--(a) where the refund is out of any tax collected at source under Section 206C or paid by way of advance tax or treated as paid under Section 199, during the financial year