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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 … his gross total income, in accordance with and subject to provisions of Chapter VI-A, deductions specified in Sections 80C to 80U. Sub-section (2) of Section 80A specifically sets out that the aggregate amount of deductions under this

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 … income in accordance with and subject to the provisions of the Chapter which are the deductions specified in Section 80C to Section 80U. The learned Senior Counsel further submits that sub section (2) provides that the quantum of

Synco Industries Ltd. Vs. Assessing Officer, Income Tax, Mumbai and an ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1948 - Sections 32(2), 60 to 64, 71, 72, 80A(1), 80A(2), 80B, 80B(5), 80C to 80U and 260A; Companies Act, 1956; Finance Act, 1967; Income Tax Act, 1961 - Sections 80AB and 80HH; Finance Act, 1965

Reported in : (2008)215CTR(SC)385; [2008]299ITR444(SC); JT2008(4)SC1; 2008(4)SCALE263; (2008)4SCC22; 2008AIRSCW2321; 2008(2)Supreme226629

the assessment year for which the determination is to be made.7. Section 80A, as originally inserted by the Finance Act, 1965 with effect from 1.4.1969 dealt with a different topic altogether viz., deductions in respect of life insurance … down certain general principles for the purpose of deductions to be allowed in computing the total income under Section 80C to 80U and such deductions are to be allowed from the gross total income of the assessee in