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Assistant Commissioner of Income Vs. Asea Brown Boveri Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2007)11TTJ(Mum.)502

no reference to the value of the plant, machinery and dead stock. But on the basis of the information that was furnished by the assessee before the ITO it became evident that the sale price had been … that there were internal projections indicating downward trend in the revenues in this segment of activity due to technology obsolescence. This again shows the desire of the assessee to close down this activity and also the absence … The legislature has now removed this difficulty by inserting w.e.f. 1st April, 2000, Section 50B of the Act providing for the levy of capital gains … commission. In this connection, he took us through Schedule 13 to the P&L a/c (p. 102 of … Rs. 62,26,739 being guest house expenses under Section 37(4) of the IT Act. It is submitted that the expenditure of Rs. 62,26,739 includes expenditure on … Rs. 62,26,739 being guest house expenses under Section 37(4) of the IT Act. It is submitted that

Arjun Panditrao Khotkar Vs. Kailash Kushanrao Gorantyal

Court : Supreme Court of India

Subject : Election

injustice.12. Shri Vikas Upadhyay, appearing on behalf of the Intervenor, took us through the various provisions of the Information Technology Act, 2000 along with Section 65B of the Evidence Act, and argued that Section 65B does not refer to the … be so required.” By Section 70, Sections 68 and 69 of this Act had to be read with Schedule 3 thereof, the provisions of which had the same force in effect as Sections 68 and 69. Part I

Orissa Consumers' Association and Anr. Vs. Orissa Electricity Regulato ...

Court : Orissa

Subject : Electricity

Acts : Electricity Act, 2003 - Sections 179, 181, 181(3) and 182; Orissa Electricity Regulatory Commission (Conduct of Business) Regulations, 2004 - Regulation 2; General Clauses Act, 1897 - Sections 23, 23(2) and 23(5); Information Technology Act, 2000 - Sections 2(1), 4 and 8; Orissa Electricity Regulatory Commission (Terms and Conditions for Determination of Tariff for Retail Sale of Electricity) Regulations, 2004 - Regulation 2

Reported in : AIR2005Ori11

Gazette (Extraordinary) on 10-6-2004 they came into force. He brought to our notice that Section 8 of the Information Technology Act, 2000 provides inter alia that where notification is published in the Official Gazette, then such requirement shall be deemed … proposals in the manner prescribed in Section 94 along with a notice in the form set out in Schedule III. Section 132 provides that any inhabitant of the Municipality within a fortnight of the publication of the … He vehemently submitted that in Narbada Prasad v. Chhaganlal, AIR 1969 SC 395, the Supreme Court has held that it Is a well settled rule

Manjeet Singh Vs. State of Himachal Pradesh

Court : Himachal Pradesh

Subject : Criminal

Acts : Indian Penal Code (IPC) - Sections 376 (2) (g); 354, 363, 366, 506; The Information Technology Act 2000 - Section 67; Code of Criminal Procedure (CrPC) (Cr.P.C) - Section 313; The Indecent Representation of Women (Prohibition) Act - Section 6

fine of `2,000/-. In default to further undergo rigorous imprisonment for three months. 5. Section 67 of the Information Technology Act, 2000. - Rigorous Imprisonment for four years and fine of `10,000/-. In default to further undergo rigorous imprisonment for … Shubhkhera, thus became familiar to each other. They used to go to School together. Their annual examination was scheduled to be held in the month of March, 2008. On 1st March, 2008, PW1 appeared in the paper … imprisonment for the offences mentioned hereunder:- Offence under Section And Sentence: 1. 354 I.P.C. - Rigorous Imprisonment for two years and fine of `5,000/-. In

Wall Street Construction Ltd. and Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2006)101ITD156(Mum.)

this accounting mandate is further fortified by AS-16 issued in the year 2000, He invited our attention to the following definitions contained at para 3 … for asst. yr. 1993-94, where the remarks of the auditors in the Schedule to the annual accounts, narrating the system of accounting followed by the … this case, we are concerned with payment of Rs. 55 being interest of five years paid in the first year. The total amount involved is Rs. 2,72,25,000. The term 'interest' has been defined under Section 2(28A) of … profits shown in a case where no borrowed funds have been raised vis-a-vis a case where the construction activity has been carried out with the help of interest-bearing borrowed funds. It is pointed out that in the

Highway Cycle Industries Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Subject : Direct Taxation

the purposes of computing book profits. That, capital gains would certainly be one of the various items whose information is required to be given to the shareholders under the said Clause 3(xii)(b). So also, the disclosure is … the case, profit from eligible business is to be computed in accordance with the provisions of the IT Act or in accordance with Parts II and III of Schedule VI of the Companies Act for computing deduction … of 1992 for asst. yrs. 1987-88 & 1988-89, order dt. 14th June, 2000; and (iii) Highway Cycle Inds Ltd. v. Asstt. CIT ITA No. 1777

infosys Technologies Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

Reported in : (2003)86ITD342(Bang.)

of interest under Section 201(1A) of the Act.3. Infosys Technologies Ltd. is a public limited company in the information technology industry. It has formulated an Employee Stock Option Plan (ESOP). A trust was set up by the Infosys … Act, 1999, was only by way of an abundant caution. The proviso introduced to Section 17(2)(c)(iii) by Finance Act, 2000, only removed what was already there in the IT Act.The learned Departmental Representative also stated that the employees … value of share, the learned Departmental Representative urged that Rule 14 of Schedule III of WT Act should be adopted as per which, in the

Peerless General Finance and Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Kolkata

Subject : Direct Taxation

Reported in : (2005)96TTJ(Kol.)834

to be cancelled. 7. That, since the alleged non-payment of Rs. 584 crores to certificate-holders as shown in Schedule 3 of the appellant's balance sheet as on 31st March, 2000 did not affect the total income of the … the issue relating to the sum of Rs. 657 crores to the notice of the appellant for the first time vide the letter/notice dt. 29th March, 2005, which was issued in continuation to the earlier notice issued … assessee's case for the asst. yr. 2000-01 under Section 143(3) of the Act, dt. 31st March, 2003 was erroneous and prejudicial to the interest of

Sony India Pvt. Ltd. Vs. The Commissioner of Trade and Taxes

Court : Delhi

Subject : Service Tax

captioned 'Computer Terminals'. The Assessee there sought to rely on the definition of the expression 'computers' in the Information Technology Act, 2000 in support of the plea for an expanded interpretation of the term for the purposes of VAT as … Appellant paid tax for the sale of DSCs @ 4%. The goods were covered under Entry 41 of Schedule III of DVAT Act. During the relevant period, Entries 41 and 41-A read as under: Entry No.Description41IT Products … Appellate Tribunal ( ˜AT'), Value Added Tax ( ˜VAT'). ST Appeal No. 31 of 2103 pertains to the period 1st April 2005 to 7th August

Deputy Commissioner of Income Tax Vs. Dipesh Chandak, Dipesh Chandak

Court : Income Tax Appellate Tribunal ITAT Patna

Subject : Direct Taxation

Reported in : (2007)110TT(JP.)at366

the said assessment years in the names of the following concerns during the relevant previous years as per information available from various sources wore taxed as income of the assessee on substantive basis: 4. Being aggrieved, the … such profits and gains by virtue of provisions contained in the First Schedule; (ix) any winnings from lotteries, crossword puzzles, races including horse races, card … the Department. The assessee in turn would raise bogus bills of supply of feed on the Department without actually making them. In support of these supplies, the assessee would raise fictitious purchase vouchers as if purchases have … to prosecute the applicant on the basis of his statement under Section 306 given before the Special Judge, CBI, Patna, the Hon'ble Supreme Court barred