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M/S Queen's Educational Society Vs. Commr. of Income Tax

Court : Supreme Court of India

Subject : Direct Taxation

year.32. We shall now consider the effect of insertion of provisos to Section 10(23-C)(vi) vide the Finance (No.2) Act, 1998. Section 10(23-C)(vi) is analogous to Section 10(22). To that extent, the judgments of this Court as applicable to Section … when he said in Sole Trustee, Loka Shikshana Trust case [(1976) 1 SCC254:1976. SCC (Tax) 14 : (1975) 101 ITR234 that "if the profits must necessarily feed a charitable purpose under the terms of the trust, the

Deputy Commissioner of Vs. Mittal Appliances (P.) Limited

Court : Income Tax Appellate Tribunal ITAT Indore

Subject : Direct Taxation

Reported in : (2001)76ITD15Indore

CIT [1999] 240 ITR 463/107 Taxman 143. Our attention was also invited to the scheme introduced by the Finance (No.2) Act, 1998 at 232 ITR 79 (St.) and the press note/release issued by the CBDT at 234 ITR 62 (St.). … year has been dismissed as withdrawn in view of the certificate issued by the Commissioner of Income-tax under section 90(2) read with section 91 of the Finance Act, 1998 in respect of Kar Vivad Samadhan Scheme, the … India Federation of Tax Practitioners v. Union of India[1999] 236 ITR l/[1998] 101 Taxman 401 and the judgment of the Andhra Pradesh High Court in

Director of Income-tax (Exemption) Vs. All India Personality Enhanceme ...

Court : Delhi

Subject : Direct Taxation

but under Section 10(22) of the Act. Section 10(22) of the Act was omitted by virtue of the Finance (No. 2) Act, 1998 and the exemption available to a university or an educational institution existing solely for educational purposes was included … in Queens Educational Society v. CIT (2015)] 372 (ITR) 699 (SC); Indian Chamber of Commerce v. CIT (1975) 101 ITR 796 (SC); Aditanar Educational Institution v. CIT (1997) 224 ITR 310 (SC) and Oxford University Press v.

Alfa Laval India Ltd. Vs. Dy. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (2008)298ITR333(Pune.)

provisions contained in Explanation 10 below Section 43(1) of the Act. According to him, this Explanation, inserted by Finance (No. 2) Act, 1998, with effect from 01.04.99, supercedes the judgment relied upon by the assessee. This Explanation provides that where a … the learned DR did not make any specific argument. He merely relied on the order of the learned CI (A). 13.5 We have considered the facts of the case and submissions made before us. Explanation 10 below

T.S. Chandrashekar Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

to the retrospective amendment brought to s. 158BE relating to time-limit for completion of block assessment by the Finance (No. 2) Act, 1998 with retrospective effect from 1st July, 1995. Actually, a new Explanation was introduced to the aforesaid section in … a judgment of the Madras High Court in the case of Punam Chand R. Shah vs. ITO (1975) 101 ITR 373 (Mad). In that particular case the order prohibiting removal of articles was issued after the search.

M/s New Noble Educational Society Vs. The Chief Commissioner Of Income ...

Court : Supreme Court of India

Subject : Land Acquisition

We shall now consider the effect of insertion of provisos to Section 10(23- C)(vi) vide the Finance (No.2) Act, 1998. Section 10(23-C)(vi) is analogous to Section 10(22). To that extent, the judgments of this Court as applicable to Section … knowledge, skill, mind and character of students by formal schooling. (Sole Trustee, Loka Shikshana Trust v. CIT, [1975]. 101 ITR234(SC)). This definition of “education” is wide enough to cover the case of an “educational institution” as, under

income Tax Officer Vs. M.S. Kumaraswamy

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Direct Taxation

Reported in : (2004)84TTJ(Chennai)916

when the claim of the assessee was allowed, the Explanation to Section 37 which was incorporated by the Finance (No. 2) Act, 1998, with retrospective effect from 1st April, 1962, was not there. One cannot lose sight of the fact that … apex Court in the case of Sri Venkata Satyanarayana Rice Mill Contractors Co. v. CIT (1997) 223 ITR 101 (SC), wherein the Hon'ble apex Court has held that payments opposed to public policy or illegal gratification cannot

Commissioner of Income Tax Vs. Shambhulal C. Bachaniwala

Court : Gujarat

Subject : Direct Taxation

Reported in : [2000]108TAXMAN515(Guj)

Tribunal pointed out the amendment in section 158BA of the Act with retrospective effect from 1-7-1995 by the Finance (No. 2) Act, 1998, which reads as under:'158BA. Assessment of undisclosed income as a result of search.-(1) Notwithstanding anything contained in any … this Court in the case of N.R. Paper & Boards Ltd v. Dy. CIT (1999) 234 ITR 733(1998) 101 Taxman 525 that, while framing the block assessment under section 158BC of the Act, undisclosed income detected as

Anz Grindlays Bank Vs. Dy. Commissioner of Income-tax,

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2004)88ITD53(Delhi)

u/s 37. at this stage, it would be useful to refer to the Explanation inserted by Finance (No.2) Act, 1998 retrospectively w.e.f. 1.4.62 which reads as under: Explanation: For the removal of doubts, it is hereby declared that … Supreme Court, namely:- S.C.Kothari, 82 ITR 794, Kurfi Jijabhai Kotecha, 107 ITR 101, Piara Singh, 124 ITR 41. She also relied on the judgments of … these transactions as speculative loss not to be adjusted against profits of normal banking business in view of Section 73. Accordingly, he made an addition of Rs. 4,66,34,835/-.3. The matter was carried in appeal before CIT(A) before

A.P.L. (India) Pvt. Ltd. Vs. the D.C.i.T., Range 8(1)

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2005)97TTJ(Mum.)187

may be reproduced below from the headnote: "Section 37 of the IT Act, 1961 was amended by the Finance (No. 2) Act, 1998. By the amendment the following Explanation has been inserted after Sub-section (1) of Section 37 with retrospective effect … No. of containersAmount per Box (Rs.) Import (Rs.) Export1 to 120 20 1 to 10020121 to 140 25 101 to 12025141 to 160 30 121 to 14030161 to 230 35 More than 14040 Photocopy of another news