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Assistant Commissioner Of Income Tax (exemptions) Vs. Ahmedabad Urban ...

Court : Supreme Court of India

Subject : Land Acquisition

State of Punjab 1996 Supp 10 SCR472 and Physical Research Laboratory v. K.G Sharma 1997 (3) SCR733 55 2007 (12) SCR962 (2007) 14 SCC704(hereafter “Gujarat Maritime Board case”). 56 Yogiraj Charity Trust v. CIT1976(3) SCR947 Commissioner of … The judgment in Surat Art Silk .................................................................................................................. 11 D. Relevant changes brought about to the IT Act, 1961 (Finance Act, 1983 and 1991) ............................... 17 E. The judgment in Thanthi Trust .................................................................................................................. 18 F. Deletion of certain exemptions: … The judgment in Thanthi Trust .................................................................................................................. 18 F. Deletion of certain exemptions: Section 10 (20A) and Section 10 (23) ................................................... 20 G. Amendments to Section

Bangalore Turf Club Limited Vs. Union of India

Court : Karnataka

Subject : Education

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 … be brought within this definition clause. 15 5.1. He would also draw the attention of the Court to Section 56 of the Act that income enumerated under Section 2(24)(ix) is chargeable to tax in terms of Section 56(2)(ib) … 20.01.2012 and 07.01.2013 issued by third respondent for 8 the years 2006-07, 2007-08, 2008-09, 2009-10, 2010-11 and 2011-12 (Annexures-B B1, B2, B3) as being unconstitutional

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 … cannot be brought within this definition clause. 5.1. He would also draw the attention of the Court to Section 56 of the Act that income enumerated under Section 2(24)(ix) is chargeable to tax in terms of Section 56(2)(ib) … dated 20.01.2012 and 07.01.2013 issued by third respondent for the years 2006-07, 2007-08, 2008-09, 2009-10, 2010-11 and 2011-12 (Annexures-B B1, B2, B3) as being unconstitutional

M/S.Balasore Alloys Limited and Another Vs. North Eastern Electricity ...

Court : Orissa

Subject : Electricity

lacs ED 75.83 lacs DPS ODP Total 6876.63 lacs Nil . 10799.29 lacs Thereafter, the Senior General Manager, Finance of the petitioner-company referred to the minutes of the meeting and appealed that looking at the precarious financial … approximately by NESCO in the energy bills w.e.f. the month of August, 2007. Hence the NESCO accepted the terms and 4 conditions of minutes of … Engineer, Central Electrical Division, Balasore, opposite party no.2, on 16.12.2011”2. The petitioner-company pleads that a disconnection notice under Section 56(1) of the Electricity Act, 2003 (hereinafter referred to as the “the Act”. for brevity) read with Regulation 100

G.V.Matheswaran Vs. the Union of India

Court : Chennai

Subject : Service Tax

the provisions of Section 65(90a) read with Section 65(105)(zzzz) of the Finance Act, 1994 as amended by the Finance Act, 2007 and Finance Act, 2010 (b) levying or attempting to levy, collect or recover from the petitioner, any service … he seeks to declare the provisions of Section 65(105)(zzzz) and 65(90-a) of the Finance Act, 1994, as invalid. 56 Since the validity of Section 65(105)(zzzz) and 65(90-a) of the Finance Act, 1994, as amended by the Finance

Commissioner of Income Tax Vs. Ankitech Pvt Ltd. and ors.

Court : Delhi

Subject : Income Tax

Acts : Income Tax Act - Sections 2(22)(e), 115JB, 8

therefore, we can reproduce the same: (a) Section 2(6A)(e) of the IT Act, 1922, as introduced by the Finance Act, 1955 corresponding to Section 2(22)(e) of the IT Act, 1961 was as follows: Any payment by a company, … allowed as a business loss during the course of assessment year 2006- 2007. Consequently, according to the Tribunal the first requirement of there being an … fall within the expression "deemed dividend". Obviously, income from dividend, is taxable as income from other sources, under Section 56 of the Act, and in the very nature of things, the income has to be, of the person

Test Claimants in the Franked Investment Income Group Litigation Vs. C ...

Court : UK Supreme Court

Subject : Land Acquisition

rely on section 320 of the Finance Act 2004 ("Section 320 FA 2004") or section 107 of the Finance Act 2007 ("Section 107 FA 2007") to exclude DMG mistake claims, as these provisions purported to curtail the extended limitation period … tax treatment and that of wholly UK-resident groups of companies breached article 43 (freedom of establishment) and article 56 (free movement of capital) of the EC Treaty (now articles 49 and 63 of the Treaty on the

Coimbatore District Central Co-operative Bank Ltd. Vs. Income-tax Offi ...

Court : Chennai

Subject : Direct Taxation

no difference in the functioning of the co-operative banks and other commercial banks, the Finance Act, 2006 and Finance Act, 2007 amended the provisions of the Act to provide for co-operative banks a taxation regime which is similar to … definition to see if the same could be of any assistance. The expression "co-operative bank" is defined in Section 56(c) of the Banking Regulation Act, 1949 to mean a state co-operative bank, a central co-operative bank and a

In Re: Spectrum Power Generation Ltd.

Court : Andhra Pradesh

Subject : Company

Acts : Companies Act, 1956 - Sections 169, 190, 217, 235 to 251, 391, 391(1), 391(2), 393, 393(1) and 394; Electricity Reforms Act, 1998; Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI); Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI); Indian Companies Act, 1913 - Sections 153, 153(1) and 153(2); Companies (Court) Rules, 1959 - Rule 79

Reported in : [2008]146CompCas266(AP)

Matched in: Advocate S. Ravi, Adv. in C.P. No. 43 of 2007,; M. Mohan Rao, Adv. in C.A. No. 2310 of 2007,; Vedula Srinivas, Adv. in C.A. SR. Nos. 3349 and 3351 of 2007 and; D.V. Sitaram Murthy, Adv. in C.A. SR. No. 4432 of S. Ravi, Adv. in C.A. Nos. 2310, 3349, 3351 and 4432 of 2007, ;M. Mohan Rao, Adv. for Respondent Nos. 1 and 2 in C.P. No. 43 of 2007, ;Vedula Srinivas, Adv. for Respondent No. 8 in C.P. No. 43 of 2007

Vatika Farms Private Limited Through Its Director, Sh. Anil Bhalla and ...

Court : Delhi

Subject : Direct Taxation

Reported in : (2008)216CTR(Del)37; 2008(102)DRJ356; [2008]98ITR302(Delhi)

are presently not concerned with that.4. The challenge has arisen out of amendments to the Act by the Finance Act, 2007. The effect of the amendments is that where a settlement application has been filed under Section 245C of