Judgment Search Results Home > Cases Phrase: finance act 1968 chapter i preliminary Court: delhi Year: 2002 Page 1 of about 18 results (0.139 seconds)

Raja Ram Singh Vs. Arjun Singh and anr.

Court : Delhi

Reported in : AIR2002Delhi338; 97(2002)DLT729; 2002(62)DRJ837

..... of the supreme court in the case of gurdial kaur and ors. v. kartar kaur and ors., : [1998]2scr486 ; gorantta thataiah v. thotakura venkata subbaiah and ors., : [1968]3scr473 ; ramchandra rambux, v. champabai and ors., : [1964]6scr814 . in all these cases the apex court considered as to what are the suspicious circumstances and came to the conclusion ..... biswanath panda and ors. v. dr. lokanath panda, reported in : air1977ori170 , held that under section 8 read with section 9 and schedule-i of the hindu succession act, the first class legal heirs i.e. the sons and daughters will inherit the property of a hindu who dies, intestate. since daughters form first class heirs appellant ought ..... mother bequeathed the property in his favor it was not necessary for him to implead his sisters as party to that suit. even otherwise under the hindu succession act sisters could not success to the property in question, nor the suit could be dismissed in view of the preliminary decree passed in suit no. 296/64 .....

Mohan Dairy Vs. Dy. Cit

Court : Delhi

Reported in : (2004)90TTJ(Del)403

..... with effect from 1-4-1966. that section was omitted and in its place section i was introduced by the finance (no. 2) act. 1967 with effect from 1-4-1968. section 80-i was also omitted by the finance act, 1972 with effect from 1-4-1973. subsequently, as mentioned earlier, the same was brought on statute with effect from 1- ..... 4-1981. subsequently, by finance act, 1983 with effect from 1-4-1984 the benefit of deduction under section 80-i was extended to the ..... 80-ia was not satisfied. we find that up to 31-3-1990, the industrial undertaking satisfying certain conditions were eligible for deduction under section 80-i of the act. however, by finance act, 1990, with effect from 1-4-1990, the benefit was extended to cold storage also. the meaning of the word 'industrial undertaking' has not undergone any .....

Farrukhabad Investment (i) Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2003)85ITD230(Delhi)

..... : "nextly, the commission has elaborately discussed the object of introduction of chapter xiv-a in the act, the history behind the introduction and schematic rationalisation of the provisions of chapter xix-a brought about through the finance act, 1987 to hold that in exercising its power under chapter xix-a, it has almost unbridled power to arrive at a settlement. ..... it. our observations find support from the decision of the hon'ble supreme court in vishnu pratap sugar works (p) ltd v. chief inspector of stamps air 1968 sc 102. the legislation in a modem state is actuated with some policy to curb some evils or to some public benefits. a bare mechanical interpretation of the ..... hardship should take place in the genuine cases. in this connection, it was explained that penalty under section 271(1)(c) of the act was relatable to the tax up to 31st march, 1968. subsequently, the penalty under section 271(1)(c) was relatable to the concealed income. but as the hardships were being faced by the .....

Asia Satellite Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2003)85ITD478(Delhi)

..... was relatable to exempt income. we find that this decision as rendered in year 2000. the finance act, 2001, inserted section 14a with retrospective effect from 1st april, 1962, providing that for the purposes of computing the total income under this chapter no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to ..... 26. during the course of the arguments before us the learned authorised representative has placed great emphasis on the insertion of clause (iva) to expln. 2 by the finance act, 2001, w.e.f. 1st april, 2002. the case as made out was that the use or right to use any industrial, commercial or scientific equipment was ..... exploitation of its assets was only in the capacity of businessman and hence the income was to be determined under chapter iv-d namely, "profits and gains of business or profession".placing reliance, on the case of cit v. cilag ltd. (1968) 70 itr 760 (bom) and cit v. gilbert & barker manufacturing company (1978) 111 itr 529 ( .....

Bharatiya Janata Party Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2002)80ITD89(Delhi)

..... -debt security of the face value of rs. 10 each and interest income arising therefrom would normally be assessable under sections 18 to 21, which were deleted by the finance act, 1988 w.e.f. 1st april, 1989 and thereafter i.e., from asst. yr, 1989-90 onwards interest on securities was assessable as business income under section ..... this issue, we would like to observe that (i) circular in para 21 of the order of the learned vice president speaks of non-applicability of provisions of chapter iv-d to income of a political party specified in 13a more specifically voluntary contributions; and (ii) in a year in which there is a surplus in the ..... in the case of political parties which are registered or deemed to be registered with the election commission of india under the election symbols (reservation and allotment) order, 1968. the exemption will not be allowed unless the political party maintains proper books of account; records the name and address of every person who has made a voluntary .....

Shri Dev Kumar JaIn Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

..... v. ito-131 itr 597. our attention was also invited to cit v. late gulshan kumar. reliance was also placed upon section 50c which was introduced by the finance act, 2001 for the proposition that on a reading of it, the legislature thought in necessary to law down that the circle rates could be taken into consideration. it was ..... to dvo for arriving at the correct valuation of property including the cost of construction for the purpose of computing the total income of the assessee as envisaged under chapter iv. nowhere in this section it is mentioned that the assessing officer is to make a reference for ascertaining the fair market value of the capital asset for ..... case of jindal strips which has, in fact, been followed by the assessing officer. their lordships of the punjab & haryana high court have held that section 55a occurring under chapter iv in part e- capital gains, appears to capital gains alone. they, however, at page 831 observed "in any case, our attention has not been drawn to any .....

Commissioner of Income-tax Vs. Atam Ballabh Finance Pvt. Ltd.

Court : Delhi

Reported in : (2002)177CTR(Del)369; [2002]258ITR485(Delhi)

..... traders' (p) ltd.'s case : [1979]118itr243(sc) , two sections 80aa and 80ab were introduced by the finance (no. 2) act, 1980. while section 80aa was to have retrospective effect with effect from april 1, 1968, section 80ab was to have operation with effect from april 1, 1981. section 80aa had the effect of effacing the decision ..... . 'gross total income' is defined in section 80b, clause (5), to mean the 'total income compute din accordance with the provisions of the act before making any deduction under chapter vi - a or under section 280-o'. income by way of dividends from a domestic company included in the gross total income would, thereforee, ..... under that section shall be computed with reference to the income by way of such dividends as computed in accordance with the provisions of this act (before making any deduction under this chapter) and not with reference to the gross amount such dividends.' the retrospective effect thereto, as noticed hereinbefore, has since been upheld in the .....

Tapash Kumar Mazumdar S/O Dr. T. Mazumdar, New Delhi Vs. Sumit Usha Ma ...

Court : Delhi

Reported in : [2003]115CompCas611(Delhi); 99(2002)DLT627

..... had been pleaded that the petitioner along with others was in charge and responsible to the company for the conduct of the affairs of the said company.10. chapter xv of the code of criminal procedure deals with the procedure with respect to complaints to magistrates. under section 200 of the code of criminal procedure a ..... the conduct of the affairs of the said company. according to the learned counsel in the absence of any evidence rigors of section 141 of the negotiable instruments act could not have been drawn in this regard. attention of this court was thereforee drawn towards the preliminary evidence that had been produced.8. to appreciate the ..... magistrate had summoned the petitioner and others for the offence punishable under section 138 of the negotiable instruments act read with section 420 of the indian penal code.2. some of the relevant facts are that sumit martin finance ltd had filed a criminal complaint in which the petitioner had also been arrayed as a respondent accused. .....

Pfizer Products Inc. Vs. B.L. and Company and ors.,

Court : Delhi

Reported in : 2002(25)PTC262(Del)

..... rpc 68925. newsweek newsweek 1979 rpc 44126. neighbours neighbours27. tripcastroid castrol 1925 vol.42 26428. b.k. b.k. 81 1985 ptc 129. coca cola koala kola 1968 slt 35330. rito y-to 1919(36) rpc 29631. turbod go turobo 24 cpr (3d) 132. paper mate flexgrip ekco flexgrip 2001 ptc 513 del 61. learned counsel ..... proprietary medicines (definition of ready to use medicine is that which is not specified in indian pharmacopoeia or any other prescribed pharmacopoeia sec-3(h) (drugs and cosmetics act, 1940) ii. not only this the plaintiff's own reaction in the first instance, after coming to know that the defendant and some other manufacturers in india ..... its entirety and the situation as it existed on the date of filing of the suit. all aspect taken together conclusively establish dishonesty with which the defendants had acted and their agreeing to change the colour and discontinue its website was indicative of their dishonest intention. relying upon the judgment of this court in glenfidich (supra) .....

Delhi Transport Corporation Vs. Daya Nand and ors.,

Court : Delhi

Reported in : 99(2002)DLT188; 2002(64)DRJ202; (2002)IIILLJ728Del; 2003(2)SLJ78(Delhi)

..... the appointing authority, he shall, after waiting for three days from the date of unauthorized absence without leave or extension of leave, inform the registrar/finance officer, and the registrar (finance officer in the case of staff borne on the accounts cadre) shall communicate with the person concerned asking for an explanationn which shall be submitted to ..... leave. willful absence from duty after the expiry of leave may be treated as misconduct for the purpose of clause 12 of chapter iv of the executive ordinance of amu and para 10 of chapter ix of regulations of the executive council.'it was held :-'11. it will be seen that rule 5(8)(i) applies ..... a provision can be held to be constitutional by interpreting the same in the light of procedural safeguards granted to an employer under another statute, viz. industrial disputes act.46. keeping in view the aforementioned backdrop, the question posed in the writ petitions may now be considered.47. how an in what manner a discrimination against .....