Finance Act 1965 Section 31 - Judgment Search Results

R.B. Shreeram Durgaprasad (P) Limited Vs. The Commissioner of Income-t ...

Court : Mumbai Nagpur

has held that voluntary declaration under section 24 of the finance act 1965 relates to income earned by the declarant only respect 14 the amount which has gone to export firm actually belonged to assessee i e private limited company it has accordingly disposed of no order as to costs finance act 1965 section 24 income tax act 1922 section 11 did not co operate the assessments were then completed under section 144 of the income tax act finding ultimately reached is

D.C. Shah Vs. Commissioner of Wealth-tax, Mysore

Court : Karnataka

Reported in : [1979]117ITR348(KAR); [1979]117ITR348(Karn); 1978(2)KarLJ30

68 of the finance act 1965 section 68 of the finance act 1965 provides that where any person makes a declaration tax payable by him either under the indian i t act 1922 or under the i t act 1961 read with any assessment year filed by him before the march 1 1965 or which has escaped assessment for any assessment year for the last day of the previous year as defined in section 3 of the income tax act if an assessment were

Commissioner of Income-tax (Central) Vs. Oriental Co. Ltd.

Court : Kolkata

Reported in : (1981)25CTR(Cal)75,[1982]137ITR777(Cal)

..... in the united kingdom finance act 1965 section 48 1 such a company is not chargeable to corporation tax thereon finance act 1965 section 50 2 a and so is not exempt from income tax finance act 1965 section 46 2 b ..... so that the payment of income tax by a company would discharge the quasi partners 31 the same view of the english law was expressed by the supreme court of india .....

Smith (inspector of Taxes) Vs. Schofield.

Court : Kolkata

Reported in : [1994]209ITR572(Cal)

..... weighed heavily with the judge in reaching his decision the finance act 1965capital gains tax was introduced by part iii of the finance act 1965 section 19 1 provided tax shall be charged in accordance with ..... the chargeable gain further the allowance was calculated solely by reference to price rises between 31 march 1982 and 10 february 1987 it made perfect sense to reduce the chargeable gain .....

Commissioner of Wealth-tax Vs. Bansidhar Poddar

Court : Kolkata

Reported in : [1978]112ITR957(Cal)

..... necessary first to consider the provisions of section 4 of the income tax act 1961 sectioa 68 of the finance act 1965 section 2 m of the wealth tax act 1957 and the decision of the supreme ..... the wealth tax act 1957 30 the question is answered in the affirmative and in favour of the assessee there will be no order as to costs deb j 31 i agree

Jeewanlal (1929) Ltd. Vs. Income-tax Officer, J-ward and anr.

Court : Kolkata

Reported in : [1979]118ITR946(Cal)

as provided under section 2 5 a i of the finance act 1965 as the said receipts were income or profits could be rectified under section 154 of the i t act 1961 but the fact that the ito or for that the assessment year commencing on the 1st day of april 1965 i an assessee being an indian company or any other procedure in my opinion is not within the scope of section 154 of the act in the aforesaid view of the of state of madhya bharat v hiralal 1966 17 stc 313 12 on the other hand reliance was placed by counsel

Commissioner of Income-tax Vs. India Textile Agency Ltd.

Court : Kolkata

Reported in : [1981]132ITR481(Cal)

..... we have now to consider the provisions of section 47 1 and 3 of the english finance act 1965 section 47 1 is as follows except as otherwise ..... been earned on or before march 31 1966 under the english act the income tax year commences on the 6th april ..... year of the assessee in the instant case ended on march 31 1966 any foreign dividend earned by the assessee therefore must have .....

Rambhai Jethabhai Patel Vs. Commissioner of Income-tax, Gujarat-i

Court : Gujarat

Reported in : [1977]108ITR771(Guj)

statute book with effect form april 1 1965 by the finance act 1965 therefore there was no question of the declaration the assessee applied under section 113 of the income tax act 1961 declaring that the tax payable by him on his the tribunal held that the assessment order dated december 16 1965 passed by the income tax officer was in the status adopted for instance under section 146 or section 147 or section 263 or sections 154 and 155 of the act of

Kirby (inspector of Taxes) Vs. Thorn E. M. I. Plc.

Court : Kolkata

Reported in : [1990]183ITR503(Cal)

..... gains of capital gains tax under part iii of the finance act 1965 section 19 1 provides tax shall be charged in accordance with this act in respect of capital gains that is to say chargeable ..... plc against an estimated assessment to corporation tax on profits for its accounting period ended 31 march 1978 on that appeal the only issue related to the sterling equivalent 315 934 .....

In Re Lynall, Decd.

Court : Kolkata

Reported in : [1970]75ITR564(Cal)

..... the criterion of value prescribed for estate duty purpose by section 7 5 of the finance act 1894 has been adopted by the finance act 1965 section 44 1 for the purposes of capital gains tax where ..... l j mrs nellie lynall with whose estate this appeal is concerned died on may 31 1962 her age was in the middle seventies her principal asset was a large holding .....