Judgment Search Results Home > Cases Phrase: finance act 1968 section 14 amendment of section 194a Court: andhra pradesh Page 3 of about 225 results (0.340 seconds)

Shankarlal Vs. Income-tax Officer and ors.

Court : Andhra Pradesh

Reported in : (1998)144CTR(AP)424; [1998]230ITR536(AP); [1998]99TAXMAN500(AP)

..... the few days left, we are of the view that the decision has to be given regardless of the results. conclusion 23. we declare that : (a) section 64 of finance act, 1997 grants concession of tax and immunity to the undisclosed income which is declared in the scheme period. (b) the income that was not returned within the time ..... 1992, and the same was concluded on 5th april, 1992. can he take advantage of vdis for asst. yr. 1993-94 and subsequent years answer : section 64(2)(ii) of the finance act, 1997, lays down that no disclosure of income can be made in respect of the previous year in which a search is initiated or in respect of ..... cit answered certain queries and issued press releases through the public relations officer. effect of such clarifications 12. chapter iv of the finance act, 1997, does not contain any section enabling the cbdt to issue any clarifications. section 77 only enables the board to make rules which are also to be laid before each house of parliament. reference was made .....

Controller of Estate Duty Vs. Rebala Subbarami Reddy

Court : Andhra Pradesh

Reported in : [1989]175ITR187(AP)

..... v. ameen khaleeli (s.t.b.) : [1983]143itr679(mad) , lord patrick explained its meaning and purport in the following words (p. 715) : 'under section 7(1) of the finance act, 1894, in determining the value of an estate for the purpose of estate duty, allowance is to be made for debts due by the deceased if incurred bona ..... fide, for full consideration in money or money's worth, and if taking effect out of his interest. section 31(1) of the finance act, 1939, innovated on that position. the section is intricate and involved in expression. it looks back from the date of death to the events of the past. if any of ..... debt amount from the estate of the deceased, under section 7(1) of the finance act, 1894 (corresponding to section 44(1)(a) of the indian act). the question then arose whether the debt abates because of the provisions contained in section 31 of the finance act, 1939 (corresponding to section 46 of the indian act). it was held by the scottish court (comprising .....

Commissioner of Income-tax Vs. K.S. Subbaiah Pillai and Co. P. Ltd.

Court : Andhra Pradesh

Reported in : [1972]85ITR71(AP)

..... in holding that the assessee-company was eligible for rebate in respect of commission transactions of rs. 25.96 lakhs by virtue of the provisions contained in section 2(5) of the finance act, 1962 ?'3. it is contended by sri p. rama rao, the learned counsel for the revenue, that the tribunal has erred in allowing rebate to ..... the assessee in respect of commission transactions of rs. 25.96 lakhs as the provisions of section 2(5) or the finance (no. 2) act, 1962, do not entitle the assessee for such rebate. this contention of the department is resisted by sri venkataramana reddy, appearing for the assessee, contending ..... directly or through an intermediary exported tobacco out of india and derived profit from such export. therefore, the assessee is entitled to have rebate under section 2(5) of the finance (no. 2) act of 1962 in so far as the profits and gains derived from the export of tobacco of the value of rs. 10,71,382 outside .....

Commissioner of Income-tax, Andhra Pradesh Vs. Superintending Engineer ...

Court : Andhra Pradesh

Reported in : (1985)46CTR(AP)238; [1985]152ITR753(AP)

..... and 3% surcharge. even so, the tax deductible on the gross amount of rs. 18,25,805 was not determined at the aggregate amount of 33% prescribed by the finance act, 1966, but was determined at the difference between the gross amount of rs. 18,25,805 less the net amount paid viz., rs. 3,65,237. by this process ..... tax deductible at source under s. 195. the difference between the gross amount and the net amount is held to be the tax deductible at source as apparently the finance act for the relevant assessment year authorises such deduction. for instance, in the financial year 1966-67, the net amount paid was rs. 3,65,237. the ito arrived ..... circumstances of the case the superintending engineer, civil circle upper sileru, is liable to deduct income-tax under section 195 of the income-tax act, 1961 on the payments made to the non-resident company for the assessment years 1966-67, 1967-68, 1968-69 and 1969-70 ?' 13. learned standing counsel for the revenue sri m. suryanarayana murthy, contended .....

Nava Bharat Enterprises (P.) Ltd. Vs. Commissioner of Income-tax, A.P.

Court : Andhra Pradesh

Reported in : (1983)34CTR(AP)92; [1983]143ITR804(AP)

..... previous year is not less than fifty-one per cent. of such total income.2. the question as to the exact meaning of the explanation to sub-section (7)(d) of section 2 of the finance act, 1966, came up for consideration and the board are advised that an industrial company would mean -(i) a company which is mainly engaged in the business of ..... the case, the tribunal was right in disallowing the assessees claim for deduction of guest house expenses in terms of section 37(3) of the income-tax act, 1961, and rule 6c(3) of the income-tax rules, 1962, for the assessment years 1968-69 and 1969-70 (2) whether, on the facts and in the circumstances of the case, the tribunal was ..... cannot be allowed for the reason that the assessee has not maintained the register as required by r. 6c(3) of the i. t. rules.(2) for the assessment year 1968-69, out of a total amount of rs. 87,081 claimed by the assessee as business promotion expenses, only an amount of rs. . 12,477 can be allowed. viz., (a .....

M/S.Ventrapathi Financial Serv Vs. The Superintendent ofcentral Excis ...

Court : Andhra Pradesh

..... by them to the department is door no.46-16-14/2, panduranga street, danavaipeta, rajahmundry which is mentioned in form st-2, certificate of registration granted under section 69 of the finance act, 1994. the fact of final order having been passed by the 3rd respondent came to the knowledge of the petitioner only when the banker having received recovery notice dated ..... of notice and passing orders as enumerated in the central excise act, 1944 has been made part of the service tax by virtue of section 83 of the finance act. for the purpose of clarity, section 37(c) of the central excise act, 1994 as well as section 83 of the finance act may be noticed as under: section 37(c):- service of decisions, orders.summons, etc.(1) any decision .....

Radha Vinylpvt. Lt Vs. the Commissioner of Income-tax Andanoth

Court : Andhra Pradesh

..... the government for settling tax arrears locked in litigation subject to the provisions contained in chapter iv of the finance act. the petitioner being eligible under the kversus made a declaration on 29.12.1998 under sections 88/89 of the finance act in form 1(a) to the firs.respondent who is the designated authority under the k.v.s.s ..... the petitioner before the appropriate appellate authority, the petitioner was not entitled to make a declaration under the k.v.s.s.and the declaration under section 89 of the finance (no.2) act, 1998 is never deemed to have been made. it is submitted that the letter of the firs.respondent rejecting the kversus declaration filed by the ..... whatsoever why the appeal filed by the petitioner is not valid. the petitioner filed the appeal within the time limit of 30 days prescribed under the gift tax act. a counter affidavit is filed on behalf of the 1st respondent wherein there is no denial of the fact of receipt of the appeal through the covering letter .....

Commissioner of Income-tax Vs. Vazir Sultan Tobacco Company Ltd.

Court : Andhra Pradesh

Reported in : [1987]169ITR324(AP)

..... (iii) was replaced by sub-clause (v). sub-clause (iii) to section 40(c) was first added by the finance act, 1963, bust the original sub-clause was substituted by the finance act, 1964, with effect from april 1, 1964. again, with effect from april 1, 1969, sub-clause (iii) was omitted by the finance act, 1968, and in its place, sub-clause (v) was inserted. this sub ..... -clause (v) was in turn replaced by section 40a(5) with effect from april 1, 1972. for the purpose of this case, we are concerned with section 40(c)(iii)as it stood with effect from april 1, 1964 .....

The Commissioner of Income Tax Vs. M/s. PLR Projects Pvt. Ltd.

Court : Andhra Pradesh

..... the case, the hon'ble itat is correct in deleting the disallowance made u/s 40(a)(ia) of the i.t. act and holding that the insertion of second proviso to section 40(a)(ia) by finance act, 2012 with effect from 01.04.2013 is retrospective in operation? heard sri j.v.prasad, learned senior standing counsel for the ..... dismissed on this ground alone. however, the tribunal, having rendered a finding that the facts of the case under section 40(a)(ia) could not be invoked, went on to discuss the retrospective effect given to section 40(a)(ia) by finance act, 2012 with effect from 01.04.2013 while relying on the order of tribunal, cochin bench in the case ..... the tribunal to enter into this arena since the order of the tribunal is erroneous to the extent of rendering the finding with regard to the retrospective aspect of the finance act, 2012, the issue is left open to the respective parties to canvass the matter in appropriate forum. subject to the above observation, this appeal is dismissed. no .....

Prince Azam Jah Vs. Expenditure-tax Officer

Court : Andhra Pradesh

Reported in : [1970]78ITR364(AP)

..... notice dated may 5, 1962, issued by him is without jurisdiction, (2) that the amendment of the definition 'dependant' in section 2(g) and section 4(ii) of the act, as amended by section 24 of the finance act, is ultra vires of the constitution, (3) that the amendment is beyond the legislative competence, and (4) that the ..... reopened for the purpose of including the expenditure incurred by his wife, princess durre shahwar, hereinafter referred to as the princess, under section 4(ii) of the act, as amended by section 24 of the finance act, 1959. the assessee was called upon to file his objections on or before july 25, 1962, failing which the respondent threatened ..... the assessee is to be assessed by adding his wife's expenditure to the expenditure of the assessee, another contention is that the amendment made by section 24 of the finance act, 1959, brought about an unreasonable discrimination as between two units of the assessee, viz., the individual and hindu undivided family, inasmuch as in .....