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Commissioner of Income Tax Vs. Dlf Power Ltd.

Court : Delhi

Subject : ConstitutionDirect Taxation

Acts : Income Tax Act, 1961 - Sections 33B, 80A(2), 80IA, 115JA, 115JA(2), 115JB, 115JB(2), 143(3), 154, 155JB, 263 and 263(1); Finance Act, 2000; Companies Act; Finance Act, 2009; Finance Act, 2007; Constitution of India - Article 226

Reported in : (2010)229CTR(Del)27; [2009]185TAXMAN356(Delhi)

disallowed for calculating the book profits under Section 115JB of the Act.8. Section 115JB was inserted by the Finance Act, 2000 with effect from 1.4.2001. It is a special provision for payment of tax by certain companies. Since … to the extent of gross total income calculated under the provisions of the Act, as provided under Section 80A(2) of the Act.2. The assessee challenged the order of the CIT passed under Section 263 of the Act

Principal Commissioner of Income Tax-7 vs.m/s.oracle (Ofss) Bpo Servic ...

Court : Delhi

Subject : Direct Taxation

Appellate Authority and the Tribunal have failed to take notice of the amendment to Section 80A (5) vide Finance Act, 2009 w.e.f. 1st April, 2003. In support, reference was made to the judgment of this court in Nath … Nath Brothers Exim International (Supra). In the said case the assessee in the return for the assessment year 2007-08 had not claimed any exemption under Section 10B of the Act. This deduction was ITA5932018 Page 10 of

Plastiblends India Ltd., a Company Incorporated Under the Companies Ac ...

Court : Mumbai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 29 to 43A, 72, 80A, 80AA, 80AB, 80B(5), 80E, 80HH, 80HH(6), 80HH(7), 80I, 80IA, 80IA(5), 80IA(8), 80IA(10), 80IB, 80IB(13), 143(1), 143(3), 147 and 260A; Companies Act, 1956; Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986 - Sections 34(1); Finance (No. 2) Act, 1980; Finance Act, 2001 - Sections 5

Reported in : (2009)223CTR(Bom)291; [2009]178TAXMAN397(Bom)

the Act which continued till the assessment year 2002-2003, when explanation to Section 5 was inserted by the Finance Act 2001 with effect from 1.4.2002 and, therefore, the Tribunal erred in holding that omission of Section 34(1) by … while allowing deduction under chapter VI-A of the Act.11. The Tribunal in its impugned order dated March 30, 2007 has allowed the appeal of the Respondent No. 1. In this regard the Tribunal followed the decisions of … Section 80-IA, Sub-section (13) of Section 80-IB and the provisions of Section 80AB indicate that it is not the choice of the assessee to show

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 … other sources. The Chapter relating to deductions to be made from the total income in Chapter-VI (A) comprises Section 80A to 80 VV of the Act which provide for various kinds of deductions from such income to various

Dabur India Limited Vs. Commissioner of Income Tax

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2(45), 5, 6, 9, 14, 28, 29, 30 to 43D, 59, 71, 72(1), 72(2), 73(3), 80A, 80A(1), 80AB, 80B, 80B(5), 80C to 80U, 80IB, 80HHC, 143(1), 143(2) and 260A; Taxation Laws (Amendment and Miscellaneous Provisions) Act; Finance Act, 2001; Finance Act, 1988

Reported in : 219(2008)DLT152

decide in Vahid Papers Converters (supra) was, whether Explanation 5 to Section 32 of the Act inserted by Finance Act, 2001 was clarificatory in nature and hence, would apply to earlier years as well. The ITAT considered it … - A, B, C & D. Part A deals with general provisions with respect to deductions; beginning with Section 80A and ending with the definitions for the said chapter, as provided in Section 80B. Part B deals with

V.M. Salgaocar and Brother Pvt. Ltd. Vs. The Asst. Commissioner of Inc ...

Court : Mumbai Goa

Subject : Direct Taxation

a sum of Rs.17,40,33,719/- by relying upon Section 80AB of the said Act which was introduced by the Finance Act, 1980 w.e.f. 01.04.1981. By relying upon the Circular No. 281 of 1980 dated 22.09.1980 which has no application … Limited by judgment dated 25.03.2010 in Income Tax Appeal No. 184 of 2007. The learned Senior Counsel thereafter has taken us through another judgment of … learned Senior Counsel in Chapter VI-A of the Act, the deductions are allowed and sub section (1) of Section 80A provides that in computing the total income of an assessee, there shall be allowed from his gross total

M/S. Kukumina Constructions (P) Ltd. Vs. Sub-registrar-cum-stamp Colle ...

Court : Orissa

Subject : PropertyCivil

Acts : Indian Registration Act - Section 52(1)(b), 80-A, 47A, 52(1)(b), 61(2), 45-B; Orissa Registration Rules - Rule 100 (1) (2).

is not at all maintainable. Referring to the Notification dated 15th February, 1963 of Government of Orissa in Finance Department, it was submitted that the State Government has brought in certain amendments to the Orissa Stamp Rules, … of the registering officer in withholding the original sale deed No.2814 of 2007 after its registration and to quash Annexure-3 dated 06.02.2008 by which the … the same are registered.To deal with such a question it is pertinent to examine Section 52(1), Section 61(2), Section 80A of the Indian Registration Act, 1908 (Orissa Amendment) and Rule 100 (1) & (2) of Orissa Registration Rules,

Mohan Breweries and Distilleries Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Direct Taxation

Reported in : (2008)114TTJ(Chennai)532

facts of the case. These order were delivered before the amendment to Section 80-IA. By amendment by the Finance Act, 1999 w.e.f. 1st April, 2000, Section 80-IA(2) was introduced which has given the option to the assessee to … 1. This appeal by the assessee is directed against the order of the CIT(A) dt. 21st March, 2007. The assessee raised the ground that CIT(A) erred in confirming the withdrawal of deduction under Section 80-IA and … or other sources. Thus, the gross total income referred to in Sections 80A(1) and (2), 80AB and 80B(5), for the purpose of determining the quantum

Plastiblends India Limited Through Its Chairman and Managing Director ...

Court : Supreme Court of India

Subject : Land Acquisition

1 added to nullify the effect of Mahendra Mills case. 2 (2000) 243 ITR56Section 32 was amended by Finance Act, 2001 and Explanation 5 was2) The Assessment Years involved in this appeal are 1997-98 to 2000-01. 4 The … of the relevant provisions of 12 13 14 (2003) 261 ITR721(2003) 259 ITR77(2001) 252 ITR59014 Chapter VI-A, particularly, Section 80A, Section 80AB and Section 80B as well as Section 80-IA of the Act. Contrasting the provisions of Chapter

M/S.Aurobindo Pharma Limited, Hydera Vs. Commissioner of Income T

Court : Andhra Pradesh

Subject : Land Acquisition

of various products. Section 80HHC of the Income Tax Act, 1961 (for short the Act) was added through Finance Act, 1985 in this behalf. It provides for deduction in respect of profits retained for export business. Sub-section (3) … to be answered against the applicant. Both the learned senior counsel placed reliance upon certain decided cases. Sections 80A to 80D of the Act were introduced through Fianc Act, 1965, providing for certain deductions from income. As