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Dec 05 1972

J.K.K. Angappan and Bros. Vs. Commissioner of Income-tax

Court : Chennai

Decided on : Dec-05-1972

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 220(2); Finance Act, 1965 - Sections 68; Finance (No. 2) Act, 1967 - Sections 1, 46 and 156

Reported in : [1973]91ITR513(Mad)

The said writ petitions were admitted and stay of the assessment proceedings had also been granted.2. Thereafter, the Finance (No. 2) Act of 1967 came to be passed and sections 1 and 46 of that Act are as under :'1. … Ramanujam, J. 1. The petitioners made a voluntary disclosure of income under Section 68 of the Finance Act, 1965. The tax payable on the income so voluntarily disclosed amounted to Rs. 15,55,500. The said tax was due

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Jul 17 1986

Commissioner of Income-tax Vs. Kanhayalal Mukundlal

Court : Kolkata

Decided on : Jul-17-1986

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Section 271(1); ;Finance (No. 2) Act, 1965 - Section 68

Reported in : [1987]166ITR274(Cal)

file a voluntary disclosure. In fact, the assessee subsequently filed a disclosure petition under Section 68 of the Finance (No. 2) Act, 1965.3. The Income-tax Officer did not accept the explanation of the assessee. He held that there was no connection … Dipak Kumar Sen, J.1. Kanhayalal Mukundlal, the assessee, was assessable to income-tax for the assessment year 1962-63, the accounting year ending some time in April, 1962. The assessee was required to file its return by

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Jul 22 2008

Heirs and Legal Representatives of Late Laxmanbhai S. Patel Vs. Commis ...

Court : Gujarat

Decided on : Jul-22-2008

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 66I, 68, 131, 132, 132(5), 142(2A) and 256(1); Finance (No. 2) Act, 1965 - Sections 24, 24(1), 24(2), 24(3), 24(6) and 24(8)

Reported in : (2009)222CTR(Guj)138

Commissioner of Income-tax : [1981]130ITR244(SC) wherein it is held that (i) the declaration under Section 24(2) of the Finance (No. 2) Act, 1965, had to relate to income actually earned by the declarant and the Act granted immunity to the declarant … his heirs and legal representatives are brought on record vide order dated 09.07.2008 passed in Civil Application No. 142 of 2008 and they are pursuing this reference before this Court.2. The Income-tax Appellate Tribunal, Ahmedabad Bench A,

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Jul 11 2005

Anil Rice Mill Vs. the Commissioner of Income Tax

Court : Allahabad

Decided on : Jul-11-2005

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 68, 69, 131, 143(1) and 256(1); Finance (No. 2) Act, 1965 - Sections 24, 24(2) and 24(3); Benami transactions (Prohibition) Act, 1988

Reported in : (2005)199CTR(All)69; [2006]282ITR236(All)

Yamuns Prasad Kanhaiya Lal v. C.I.T. : [1981]130ITR244(SC) had held that the declaration Under Section 24(2) of the Finance (No. 2) Act, 1965 had to relate to income actually earned by the declarant and the Act granted immunity to has declarant … Rajes Kumar, J.1. Tribunal has referred the following question under Section 256(1) of the for the assessment year 1986-87 for the opinion of this Court:'Whether the Tribunal was justified in adding the cash credit in the income

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Mar 06 1995

State Vs. Bharat Chandra Roul

Court : Orissa

Decided on : Mar-06-1995

Subject : Criminal

Acts : Prevention of Corruption Act, 1988 - Sections 13, 13(1), 13(2) and 19(3); Orissa Special Courts Act, 1990 - Sections 8(3); Prevention of Corruption Act, 1939 - Sections 5(1); Evidence Act, 1872 - Sections 91 and 106; Prevention of Corruption (Amendment) Act, 1947; Income Tax Act, 1961 - Sections 60, 68 and 269; Registration Act, 1908 - Sections 17, 17(1), 31 and 49; Finance (No. 2) Act, 1965 - Sections 24(2) and 24(3); Transfer of Property Act, 1882 - Sections 51(1); Stamp Act, 1899 - Sections 29 and 29(2); Estate Duty Act, 1953 - Sections 8, 9 and 9(2); Probation of Offenders Act, 1958; Code of Criminal Procedure (CrPC) , 1973 - Sections 162 and 313; Orissa Government Servants' Conduct Rules, 1959 - Rule 21; Constitution of India

Reported in : 1995CriLJ2417

some undisclosed source. A question arose as to whether a voluntary disclosure under Section 24 (2) of the Finance (No. 2) Act, 1965, had to relate to income actually earned by the declarant. That section granted immunity to the declarant alone … ORDERA. Pasayat, J.1. Alleging commission of criminal misconduct as set out in Section 13 of Prevention of Corruption Act, 1988 (in short, the 'Act'), prosecution has sought for action against Shri Bharat

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Dec 21 2002

Shankerlal Gafurbhai Patel Vs. Commissioner of Income Tax

Court : Gujarat

Decided on : Dec-21-2002

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 16(1), 27 and 27(1); Income Tax Act, 1961 - Sections 2(14) and 193; Gold Control Act; Taxation Law (Amendment) Act, 1962; Finance (No. 2) Act, 1965; Taxation Law (Amendment and Miscellaneous Provisions) Act, 1965

Reported in : (2004)190CTR(Guj)363; [2004]269ITR508(Guj)

from 13.12.1962 by Taxation Laws (Amendment) Act, 1962 :'To exempt 6 1/2% Gold Bonds, 1977.'21. Subsequently, by the Finance (No. 2) Act, 1965, with effect from 1.4.1965, 7% Gold Bonds, 1980 were added in the said provision and thereafter under Taxation … law laid down in the judgments referred to by the learned advocates, the following factual position emerges :20. Section 5(1)(xvia) of the Act was enacted as under with effect from 13.12.1962 by Taxation Laws (Amendment) Act, 1962

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Apr 09 1992

i.T.C. Limited Vs. Commissioner of Income-tax

Court : Kolkata

Decided on : Apr-09-1992

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 32, 32(1), 40A(8), 43, 43(6), 80J and 263; ;Finance (No. 2) Act, 1965

Reported in : [1994]205ITR126(Cal)

such contentions to be unsound. At the time, the proviso was inserted in the present Act by the Finance (No. 2) Act, 1965, with retrospective effect from April 1, 1962, there was no scheme for initial depreciation over and above the … Ajit K. Sengupta J.1. In his reference under Section 256(1) of the Income-tax Act, 1961, for the assessment year 1981-82, the following questions of law have been

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Oct 31 2006

State, Cbi Vs. Sashi Balasubramanian and anr.

Court : Supreme Court of India

Decided on : Oct-31-2006

Subject : Criminal

Acts : Finance (No. 2) Act, 1998 - Sections 87, 88, 89, 90, 91 and 95; Prevention of Corruption Act, 1988 - Sections 13(1) and 13(2); Customs Act, 1962 - Sections 2, 3 and 136; Indian Penal Code (IPC) - Sections 120B, 420 and 471; Central Excise Act, 1944; Customs Tariff Act, 1975; Central Excise Tariff Act, 1985; Foreign Exchange Regulation Act, 1973; Narcotic Drugs and Psychotropic Substances Act, 1985; Terrorists and Disruptive Activities (Prevention) Act, 1987; Income Tax Act - Sections 154 and 271(1); Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1965; Code of Criminal Procedure (CrPC) , 1973 - Sections 156(3), 190 to 199, 195, 200, 202, 245 and 482; Code of Criminal Procedure (CrPC) , 1898 - Sections 200 and 202; Central Excise Rules, 1944 - R

Reported in : (2006)206CTR(SC)857; 2006(204)ELT193(SC); [2007]289ITR8(SC); JT2006(9)SC535; 2006(10)SCALE541

J.1. Delay condoned.2. Leave granted.3. Interpretation and/or application of the 'Kar Vivad Samadhan Scheme 1998' framed under the Finance (No.2) Act, 1998 is in question in this appeal which arises out of a judgment and order dated 20.01.2005 passed … income. This is the main difference between the impugned Act and the Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1965. Under the latter Act, where gold is acquired by a person out of his undisclosed income, which is … First Information Report was lodged on 02.03.1995 for commission of offences under Sections 120B, 420 and 471 of the Indian Penal Code, Section 13(2) read

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Mar 21 1977

Commissioner of Income-tax, Gujarat-i Vs. Satellite Engineering Ltd.

Court : Gujarat

Decided on : Mar-21-1977

Subject : Direct Taxation

Acts : Income Tax Act, 1922 - Sections 15C; Income Tax (Amendment) Act, 1961 - Sections 84

Reported in : [1978]113ITR208(Guj)

the Act so enacted, the time limit of eighteen years was maintained. However, by an amendment enacted by Finance (No. 2) Act, 1965, the said time limit was raised to 23 years. By section 33 of, and the Third Schedule to, … P.D. Desai, J. 1. These two references, both at the instance of the Commissioner of Income-tax, arise out of a common order

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Aug 29 1972

Sunita Sabharwal Vs. Commissioner of Income-tax

Court : Delhi

Decided on : Aug-29-1972

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 139 and 140; Finance (No. 2) Act, 1965 - Sections 24 and 24(4); Hindu Minority and Guardianship Act, 1956 - Sections 6, 8 and 11

Reported in : [1973]92ITR377(Delhi)

No. 85 of 1967 is Miss Sunita Sabharwal, minor daughter of H. L. Sabharwal. Section 24 of the Finance (No. 2) Act, 1965, provided for voluntary disclosure of income on conditions mentioned therein, by a person who had failed to furnish … S.N. Shankar, J.1. This order will dispose of Civil Writs Nos. 85 of 1967, 165 of 1967, 166 of 1967, 167 of 1967, 168 of 1967, 169 of 1967, 170 of 1967,

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