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New Ahmedabad Synthetics P. Ltd. Vs. Union of India and ors.

Court : Gujarat

Subject : Civil

Acts : General Clauses Act, 1897 - Sections 10

Reported in : 2000(70)ECC170

of the show cause notice, it appears that the petitioner submitted a declaration under Section 88 of the Finance (No. 2) Act, 1998. The petitioner, with a view to avail of the benefit of the Kar Vivad Samadhan Scheme, approached the

Dr. (Mrs.) Renuka Datla and ors. Vs. Commissioner of Income Tax, Karna ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Finance (No. 2) Act, 1998 - Sections 87, 88, 89, 95 and 95(1); Income Tax Act, 1961 - Sections 143(3), 234A, 234B, 234C, 243A, 243B, 243C and 271(1)

Reported in : AIR2003SC839; (2003)179CTR(SC)218; [2003]259ITR258(SC); (2003)2SCC19; [2002]SUPP5SCR166

to briefly as 'the Scheme').2. The scheme was introduced by and is contained in Chapter IV of the Finance (No. 2) Act, 1998 (referred to hereafter as the Act). It was in force between 1st September, 1998 and 31st January 1999. … manner, it may not only be exercised against him but also against the other in the same manner. Section 31 of the Act provides for a special provision. It, apart from the default on the part of the

Y. Venugopala Reddy Vs. Cit

Court : Karnataka

Subject : Direct Taxation

Reported in : [2003]130TAXMAN224(Kar)

appeal to the Income Tax Appellate Tribunal and that appeal is pending.4. When the matter stood thus, the Finance (No. 2) Act, 1998 (hereinafter referred to as 'Finance Act') introduced the Scheme called Kar Vivad Samadhan Scheme (hereinafter referred to as … of funds to the extent of Rs. 10,25,000, he made voluntary disclosure of income at Rs. 19,57,000 under section 69B of the Income Tax Act (hereinafter referred to as 'the Act') plus the income from business at … 1,03,96,000 as on 30-9-1994. The appellant estimated the cost of construction upto 31-3-1994 (previous year ending date for assessment year 1994-95), at Rs. 30,00,000 and

Brij Bhushan Lal and Sons Vs. Designated Authority

Court : Allahabad

Subject : Direct Taxation

Reported in : (2001)165CTR(All)137; [2001]246ITR353(All)

on the date of the declaration, i.e., 31-12-1998.2. The petitioner's case is that by section 89 of the Finance (No. 2) Act, 1998, a scheme for settlement of tax disputes was introduced and the petitioner, which is a Hindu undivided family,

Arun Excello Foundations (P) Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chennai

Subject : Land Acquisition

Reported in : LC(2007)(3)269

the same. The assessee pleaded that w.e.f. 1st April, 2005, an amendment has been brought out by the Finance (No. 2) Act, 2004 and the same provided Clause (d) of Section 80-IB(10), where restriction is put regarding the maximum commercial … commenced or commences development and construction of the housing project on or after the 1st day of October, 1998, and completes the same before the 31st day of March, 2Q01; (b) the project is on the size … the 1st day of October, 1998, and completes the same before the 31st day of March, 2Q01; (b) the project is on the size of

Star Pistons Pvt. Ltd. and anr. Vs. Union of India and ors.

Court : Gujarat

Subject : Excise

Acts : Central Excise Rules, 1944 - Rules 2 and 173-I; Central Excise Act, 1944 - Sections 2, 11A and 35

Reported in : 2000(70)ECC387; (2000)3GLR2184

satisfied all the conditions of getting the benefit under the said Scheme contained in Chapter IV of the Finance (No. 2) Act, 1998. 3. Two show cause notices were issued to the petitioners on 8.1.1988 and 4.5.1988 by which recovery proceedings … cause notices were issued to the petitioners on 8.1.1988 and 4.5.1988 by which recovery proceedings as contemplated under Section 11-A of the Central Excise Act, 1944 were commenced. It appears that the petitioners had given a reply … second show cause notice, which related to the period between 1.12.1987 and 31.3.1988, the recovery, was for a sum of Rs. 68,560.03. In the second

Commissioner of Income Tax Vs. T.V. Sundaram Iyengar and Sons

Court : Chennai

Subject : Direct Taxation

Reported in : (1998)148CTR(Mad)17

Matched in: Citation (1998)148CTR(Mad)17

Commissioner of Income Tax, Rajkot Vs. Shatrusailya Digvijaysingh Jade ...

Court : Supreme Court of India

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 87, 90, 95, 143(3), 246 and 264; Wealth Tax Act, 1957; Finance Act, 1998 - Sections 86 to 98

Reported in : AIR2005SC4000; (2005)197CTR(SC)590; 2005(192)ELT3(SC); [2005]277ITR435(SC); JT2005(8)SC50; (2005)7SCC294; 2005(2)LC1425(SC)

pre-deposit the self-assessed tax and consequently, the appeals came to be dismissed in the year 1992-93. 3. The Finance (No. 2) Act, 1998 introduced a scheme called Kar Vivad Samadhan Scheme (for short 'the Scheme'). The said Scheme was contained in … revisions filed by the assessee were time barred and as such they were not 'pending' in terms of Section 95(i)(c) of the said Scheme. 2. The undisputed facts which lie within a very narrow compass are as … into force w.e.f. 1.9.1998 in respect of tax arrears outstanding as on 31.3.1998 and was in force up to 31.1.1999.4. On 28/29.12.1998, the assessee herein

Jyotsna Holdings (P) Ltd. Vs. Designated Authority Unde the Kar Vivad ...

Court : Delhi

Subject : Direct Taxation

Reported in : (2000)160CTR(Del)95

While the appeal was pending, the Government of India introduced the KVSS, contained in Chapter IV of the Finance (No. 2) Act, 1998, with a view to provide a quick and voluntary settlement of tax arrears outstanding as on 31-3-1998. Initially … Income Tax Act, 1961 (hereinafter referred to as 'the Act'), forms part of tax arrear,' as defined in section 87(m) of the Kar Vivad Samadhan Scheme (hereinafter referred to as 'KVSS'), and (ii) if its does, whether

Hira Lal Hari Lal Bhagwati Vs. C.B.i., New Delhi

Court : Supreme Court of India

Subject : CustomsCriminal

Acts : Code of Criminal Procedure (CrPC) - Sections 245 and 482; Constitution of India - Article 227; Indian Penal Code (IPC), 1860 - Sections 120B, 166 to 177 and 378 to 462; Customs Act, 1962 - Sections 28, 111, 112A and 130E; Finance (No. 2) Act, 1998 - Sections 90(2), 90(4) and 91; Wealth Tax Act, 1957; Gift Tax Act, 1958; Income Tax Act, 1961; Interest Tax Act, 1974; Expenditure Tax Act, 1987; 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; Prevention of Corruption Act, 1988

Reported in : AIR2003SC2545; 2003(2)ALD(Cri)292; 2003(2)ALT(Cri)142; 2003(51)BLJR1697; 2003CriLJ3041; 2003(3)CTC356; (2003)182CTR(SC)1; 104(2003)DLT699(SC); 2003(87)ECC473; 2003(155)ELT4; (2003) 5 SCC 257

Our attention was also drawn to the Text of the Kar Vivad SamadhanScheme, 1998, under Chapter IV of Finance (No.2) Act, 1998. Our attention wasalso drawn to Sections 86 to 98 of the said Scheme which are relevant for thepresent … passed by theHigh Court of Delhi at New Delhi in Criminal Miscellaneous (M) Nos. 360/2002 and447/2002 filed under Section 482 of the Criminal Procedure Code read with Article227 of the Constitution of India by the appellants herein … theGCS came up in appeal before this Court in Civil Appeal No. 31/1999. Whilst thematter was pending before this Court, the Government of india launched