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Sneh Enterprises Vs. Commnr. of Customs, New Delhi

Court : Supreme Court of India

Subject : Customs

Acts : Customs Tariff Act, 1975 - Sections 2, 3, 3(6), 9A and 9A(8); Customs Act, 1962 - Sections 15, 15(1), 15A, 46 and 68; Finance Act, 2004 - Sections 26 and 76

Reported in : 2006(202)ELT7(SC); JT2006(8)SC587; 2006(9)SCALE95; (2006)7SCC714; 2006(2)LC1171(SC)

fact that Sub-Section (8) of Section 9A was introduced in the year 2004 by reason of Finance (No.2) Act, 2004.Mr. K.P. Pathak, learned Additional Solicitor General, however, would submit that in view of the judgment of this Court … shall be the rate and valuation in force,-(a) in the case of goods entered for home consumption under Section 46, on the date on which a bill of entry in respect of such goods is presented under that

Shree Choudhary Transport Co. Vs. Income Tax Officer

Court : Supreme Court of India

Subject : Direct Taxation

from 2006-07. We, however, do not subscribe to the view so canvassed by the assessee. The Finance (No.2) Act 2004 has brought an amendment in Section 40 of the Act making it applicable w.e.f. 01/04/2004 (sic)8. Since this … income of Rs. 6,23,300/- on which net profit of Rs. 2,89,694/- has been shown giving N.P. rate of 46.47% as against N.P. rate of 50.91% declared in the immediate preceding year on commission income of Rs. 6,00,450/-.

Dy. Cit, Range 3(1) Vs. Dwarkaprasad Anil Kumar

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2008)110ITD247(Mum.)

the assessee had already disclosed or would have disclosed was not to be treated as undisclosed income. Further Finance (No. 2) Act, 1998 inserted an Explanation to Section 158BA(2). Clause (b) to Explanation enacted that the total undisclosed income relating … the fact that the tax planning schemeby the assessee-company was devised to avoid charge of capital gainunder Section 46(2) of the Income Tax Act, in the hands of the assessee-company and thereby, taking advantage of article 13

M/s Sri Balaji Corporate Services Vs. Union Of India Ministry Of Finan ...

Court : Karnataka

Subject : Land Acquisition

capital gains arising from the transfer. (including compulsory acquisition) of such agricultural land is not taxable. Finance (No.2) Act, 2004 inserted Sec.10(37) in the Act from 01.04.2005 to provide specific exemption to the capital gains arising to an … tax or stamp duty shall be levied on any award or agreement made under this Act, except under section 46 and no person claiming under 3 2 any such award or agreement shall be liable to pay any

Amit Estate Organizer Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2008)113TTJ(Ahd.)1018

the basis of report obtained under such reference. Section 142A has been introduced in the statute book by Finance No. 2 Act, 2004 with retrospective effect from 15th Nov., 1972, according to which for the purpose of making an assessment or … the following: (i) Uttam Chuna Pathar Udyog v. ITO (1997) 59 TTJ (Raj) 763 : (1998) 65 ITD 466 (Raj) Accounts-Rejection-Minor defects in accounts-Assessee wrongly showing the attendance of workers on 29th and 30th February- Plausible explanation

L. Venkataramana Raju Vs. Union Of India

Court : Karnataka

Subject : Land Acquisition

capital gains arising from the transfer. (including compulsory acquisition) of such agricultural land is not taxable. Finance (No.2) Act, 2004 inserted Sec.10(37) in the Act from 01.04.2005 to provide specific exemption to the capital gains arising to an … tax or stamp duty shall be levied on any award or agreement made under this Act, except under section 46 and no person claiming under 3 2 any such award or agreement shall be liable to pay any

In Re: Universities

Court : Authority for Advance Rulings

Subject : Direct Taxation

Reported in : (2005)194CTRAAR289

Tax Act, 1961 - Sections 45(1), 48, 112, 112(1), 115I, 115O, 115AD, 115AD(3) and 245(1); Finance Act, 1999; Finance (No. 2) Act, 2004; Securities Contracts (Regulation) Act, 1956 - Section 2Union of India v. A. Sanyasi Rao, Appeal (Tribunal)--PROCEDUREReversal of order

Commissioner of Income Tax Vs. Satish Kumar Chandna

Court : Delhi

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 55A, 131, 142A and 269; Finance No. 2 Act, 2004

Reported in : (2008)218CTR(Del)528; [2009]311ITR276(Delhi)

Counsel for the Revenue has drawn our attention to Section 142A of the Act which was inserted by Finance No. 2 Act, 2004 with retrospective effect from 15th November, 1972.12. Obviously, the Tribunal did not have the benefit of the provisions … dated 24th November, 2003, passed by the Income Tax Appellate Tribunal (for short 'the Tribunal') in IT(SS) No. 46/Del/97 relevant for the block period 1st April, 1985 to 22nd February,1996.2. At the outset, learned Counsel for the

Universities Superannuation Scheme Limited as Trustee of Universities ...

Court : Authority for Advance Rulings

Subject : Land Acquisition

following proviso shall be inserted in clause (ii) of sub-section (I) of section 115AD by the Finance (No.2) Act, 2004, w.e.f. 1.4.2005: Provided that the amount of income-tax calculated on the income by way of short-term capital gains

Rallis India Ltd. Vs. Commissioner of Income-tax (Appeals)- XXI, Mumba ...

Court : Mumbai

Subject : Direct Taxation

to make a reference to a Valuation Officer is Section 142-A of the Act introduced by Finance (No.2) Act 2004 with retrospective effect 15th November, 1972. Section 142-A of the Act deals with determination of the FMV of