Judgment Search Results Home > Cases Phrase: competition amendment act 2007 section 48 amendment of section 63 Court: income tax appellate tribunal itat ahmedabad Page 6 of about 58 results (0.140 seconds)

Jyotindra H. Shodhan Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2003)87ITD312(Ahd.)

..... to say......." (b) where the period of six months to be reckoned from the date of receipt (i) second proviso to section 54e(1) [inserted by the taxation laws (amendment) act, 1984, w.e.f. 1st april, 1984], "provided further that in a case where the transfer of the original asset is by way of compulsory acquisition under any law and ..... or further enhanced, as the case may be, to be the full value of the consideration received or accruing as a result of such transfer and shall make the necessary amendment; and the provisions of section 154, shall, so far as may be, apply thereto, the period of four years specified in sub-section (7) of that section being reckoned ..... whole or any part of the additional compensation or consideration in any specified asset referred to in expln. 1 of sub-section (1) of section 54e, the ito shall amend the order of assessment so as to exclude the amount of capital gain not chargeable to tax under the provisions of sub-section (3) of section 54e; and the provisions .....

Deepak Nitrite Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1989)28ITD507(Ahd.)

..... assessee-company has obtained stay from the supreme court against invoking provisions of amended act. respectfully following the supreme court's stay, 80j allowance has been allowed on the gross value which will be rectified after the receipt of supreme court's ..... case and but not in the assessee's case itself.8. inviting our attention to the provisions of section 214 of the act, as they stood prior to the amendment made therein by the taxation laws (amendment) act, 1984 (in short tla 1984) as well as subsequent thereto, the learned counsel for the assessee vehemently argued that since ..... : 12. the assessee-company has claimed 80j relief on the gross amount of the assets without deducting any liability. the law has been amended with retrospective effect by finance (no. 2) act, 1980 according to which liabilities to be deducted from the capital employed so as to compute the correct amount for 80j. however, the .....

Deputy Commissioner of Income Tax Vs. Shree Vallabh Glass Works Ltd.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... as it was impossible to make payment of pf contribution of last month of the accounting year in the same previous year. the second proviso was, therefore, amended by the finance act, 1989, in which the words "during the previous year" were omitted. this clearly indicates that deduction in respect of payments made during the previous year ..... introduced to mitigate such unintended hardship likely to be caused by substantive provisions of section 43b. it may be relevant here to mention that the finance act, 1989, made certain amendments in the language of section 43b with a view to ensure that the payment in respect of last month of previous year paid before the due ..... in respect of the tax paid by them. this was not intended by section 43b. hence the first proviso was inserted in section 43b. the amendment which was made by the finance act of 1987 in section 43b by inserting, inter alia, the first proviso, was remedial in nature, designed to eliminate unintended consequences which may cause .....

Dy. Cit Vs. Shree Vallabh Glass Works Ltd.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2002)76TTJ(Ahd.)652

..... as it was impossible to make payment of pf contribution of last month of the accounting year in the same previous year. the second proviso was, therefore, amended by the finance act, 1989, in which the words "during the previous year" were omitted. this clearly indicates that deduction in respect of payments made during the previous year ..... introduced to mitigate such unintended hardship likely to be caused by substantive provisions of section 43b. it may be relevant here to mention that the finance act, 1989, made certain amendments in the language of section 43b with a view to ensure that the payment in respect of last month of previous year paid before the due ..... in respect of the tax paid by them. this was not intended by section 43b. hence the first proviso was inserted in section 43b. the amendment which was made by the finance act of 1987 in section 43b by inserting, inter alia, the first proviso, was remedial in nature, designed to eliminate unintended consequences which may cause .....

income Tax Officer Vs. Bombaywala Readymade Stores

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2004)271ITR1(Ahd.)

..... that assessee is previously assessed to tax. therefore, expln. 3 is not applicable. the expln. 5 is also not applicable as the same is also inserted by taxation laws (amendment) act, 1984 w.e.f. 1st oct., 1984 whereas search was conducted on 31st aug., 1984. the learned counsel of the assessee finally contended that even otherwise the portion of ..... by the learned a.m. as the main section was applicable, there was no necessity to go to the explanations in this case.10. shri gupta also emphasised that after amendment of section 271(1)(c), the word "deliberate" was omitted from statute book w.e.f.1st april, 1964 and therefore, onus stood shifted to the assessee to ..... a dissenting order in the aforesaid appeal by the revenue against the order by learned cit(a) cancelling the levy of penalty under section 271(1)(c) of the it act (the act.) 8. the relevant facts have not been discernibly brought out and hence some more facts are also noted. in this case the assessee never filed its return of .....

State Bank of Saurashtra Vs. Additional Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

..... 'ble karanataka high court in a group of cases in it appeal no. 1088 of 2006 and others in the case of cit v.sabari enterprises and ors. reported at (2007) 213 ctr (kar) 269 ed. (a copy of the said judgment found placed in the paper book). the learned departmental representative on the other hand, supported the impugned orders of ..... the substantial question no, 1 framed in these appeals in the negative.in the case of cit v. vinay cement ltd. in cc no. 1934/2007 dated 7-3-2007 (reported as cit v. vinay cement ltd. (2007) 213 ctr (sc) 268-ed.) (copy of the order placed on record), hon'ble supreme court has held as under: in the present case ..... unamended provision is capable of being so construed as to take within its ambit the subsequent amendment. applying this test to the facts of the present case, it is not possible to hold that without the aid of the subsequent finance act, 2003. by which the second proviso to section 43b was omitted, the unamended provision of section 43b would allow the .....

income-tax Officer Vs. Shri Gopal Gram Seva Sahakari

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1991)37ITD476(Ahd.)

..... no. sro 1800 dated the 14th november, 1951. in exercise of the powers conferred by section 60a of the indian income-tax act, 1922 (xi of 1922), the central government hereby directs that the following amendment shall be made in the part 'b' states (taxation concession) order, 1950, namely :- after clause (iii) of paragraph 15 of the ..... such notification as were issued under sections 60 or 60 a of 1922 act and were in force immediately before the commencement of the act in respect of which no provisions were made in the act continued in force subject to the power of rescission or amendment of such notifications to the central government.21. it is true that ..... clearly of the opinion that co-operative societies registered under the gujarat co-operative societies act after coming into force of the income-tax act, 1961 would not be entitled to the exemption of their incomes from tax under the concession order, as amended by notification no. sro 1800 dated 14-11-1951 in view of the provisions .....

Dashratlal C. Shah Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1988)26ITD33(Ahd.)

..... result of which the assessee received a sum of rs. 5,000 and. separated from the hup. according to the provisions of section 64(2)(c) as amended by the taxation laws (amendment) act, 1975, it is quite clear that where a converted property has been the subject-matter of partition amongst the members of the family, the income derived from ..... be seen hereunder : 1. the first decision refers to non-inclusion of income of his wife under section 64(1) for a.ys. 1962-63 & 1963-64 before amendment of section 271(1)(c). 2. the second decision relates to an assessee who filed two returns of income before the same ito for the same assessment year for two ..... property of the individual has, at any time after the 31st day of december, 1969, been converted by the individual into property belonging to the family through the act of impressing such separate property with the character of property belonging to the family or throwing it into the common stock of the family or been transferred by the individual .....