Judgment Search Results Home > Cases Phrase: finance act 1968 section 14 amendment of section 194a Court: supreme court of india Page 3 of about 857 results (0.184 seconds)

The Commissioner of Income Tax, West Bengal Ii, Calcutta Vs. Naga Hill ...

Court : Supreme Court of India

Reported in : AIR1973SC2524; [1973]89ITR236(SC); (1973)4SCC200; [1973]3SCR510

..... at in accordance with clause (i) of the second proviso to paragraph d of part ii of the first schedule to the finance act 1958 (act xi of 1958) as has not been deemed to have been taken into account, in accordance with clause (ii) of the ..... was computed at rupees 26,357/-. on that a rebate of rupees 16.114/- was allowed under the provisions of the finance act 1959. thereafter that rebate was withdrawn by the income tax officer on the ground that there was an unabsorbed reduction of rebate ..... by certificate arises from the decision of the calcutta high court in a reference under section 66(1) of the indian income-tax act 1922 (to be hereinafter referred to as the 'act'). the question referred to the high court for its opinion reads:whether, on the facts ..... from dividends in accordance with the provisions of sub-section (3-d) of section 18 of that act; and(b) is such a company as is referred to in sub-section (9) of section 23-a of the income-tax act with a total income not exceeding rs. 25,000 .....

Rojer Mathew Vs. South Indian Bank Ltd and Ors Chief Manager

Court : Supreme Court of India

..... the appellate tribunal appointed after the commencement of part xiv of chapter vi of the finance act, 2017, shall be governed by the provisions of section 184 of that act . second, section 184 of the finance act overrides all other provisions in both the finance act, 2017 as well as the other twenty-five enactments which stand amended.60. ..... of the office or the contract of office. however, we would clarify that presently we are not examining constitutional vires of sub-section (1) to section 185.129. section 186 of the finance act, 2017 reads as under: 186. general power to make rules. without prejudice to any other power to make rules contained elsewhere ..... a member of a tribunal for a period of three years. the legislature intended to incorporate uniformity in the administration of tribunal by virtue of section 184 of finance act, 2017. nevertheless, such 98 uniformity cannot be attained at the cost of discouraging meritorious candidates from being appointed as members of tribunals.177. .....

State of Bihar and ors. Vs. M/S. Suprabhat Steel Limited and ors.

Court : Supreme Court of India

Reported in : AIR1999SC303; 1999(1)BLJR14; JT1998(8)SC2; 1998(6)SCALE168; (1999)1SCC31; [1998]Supp2SCR699; [1999]112STC258(SC)

..... notification dated 4th of april, 1994 having imposed such conditions, the notification was within the powers conferred on the state government under sub-section (3) of section 7 of the bihar finance act and the high court, therefore, was not justified in striking down the same to the extent already indicated.5. we have carefully considered ..... the notification dated 2nd of april, 1994, issued by the government of bihar in exercise of power conferred by clause (b) of sub-section (3) of section 7 of the bihar finance act, 1981, the high court further came to the conclusion that the notification so far as it imposes a condition that the facility of sales ..... government issued on 4th of april, 1994. according to mr. dwivedi the power of the state government for issuing notification of exemption under section 7 of the bihar finance act having authorised the state government to issue such notification subject to such conditions and restrictions as it may impose and the state government under the .....

M.M. Parikh, Income-tax Officer, Special Investigation Circle-b, Ahmed ...

Court : Supreme Court of India

Reported in : AIR1967SC823; [1967]63ITR663(SC); [1967]2SCR38

..... urged before the high court, and the argument appealed to the high court, that an order under section 23a as amended by the finance act, 1955, and as further modified by the finance act, 1957, by the income-tax officer directing payment of additional super-tax was an order of assessment which could only be made before ..... the company, for declaring dividends in any year, the income-tax officer had to recompute the tax by reducing the rebate originally allowed. again by section 35(11), as added by the finance act of 1958, development rebate in respect of a ship, machinery or plant under s. 10(2)(vi-b) could be deemed to have been wrongly ..... is not less than the statutory percentage of the total income of the company as reduced by the amounts, if any, aforesaid;' 7. sub-sections (3) to (7) of section 23a as introduced by the finance act, 1955, were omitted. by this amendment, the scheme for imposing liability for payment of additional super-tax was not altered. 8. it was .....

Chatturam Horilram Ltd. Vs. Commissioner of Income Tax, Bihar and Oris ...

Court : Supreme Court of India

Reported in : AIR1955SC619; [1955]27ITR709(SC); [1955]2SCR290

..... quantification of the tax depend on the passing and the application of the annual finance act. thus, income is chargeable to tax independent of the passing of the finance act but until the finance act is passed no tax can be actually levied. a comparison of sections 3 and 6 of the act shows that the act recognises the distinction between chargeability and the actual operation of the charge ..... . section 6 says 'save as otherwise provided by this act, the following heads of income, profits and gains, shall .....

Checkmate Services P Ltd Vs. Commissioner Of Income Tax-i

Court : Supreme Court of India

..... to the employees account in the relevant fund or under the relevant provisions of any law or term of the contract of service or otherwise. (explanation to section 36 (1) of the finance act) 12.2. in addition, contribution of the employees to the various funds which are deducted by the employer from the salaries and wages of the employees will ..... reason or the other, 7 circular no.372 dated 08-12-1983. 7 undisputed liabilities also are not paid. 35.3 to curb this practice, the finance act has inserted a new section 438 to provide that deduction for any sum payable by the assessee by way of tax or duty under any law for the time being in force or ..... and where such payment has been made otherwise than in cash, the sum has been realised within fifteen days from the due date." by section 21 of the finance act, 2003, the above second proviso was omitted. thereafter, by finance act, 2021 the following explanation 5 was added, w.e.f. 01.04.2021: explanation 5.-for the removal of doubts, it is hereby .....

State of Mysore Vs. Syed Ibrahim

Court : Supreme Court of India

Reported in : AIR1967SC1424; 1967CriLJ1215; [1967]2SCR361

..... be so used would be liable to be punished under section 42(1) read with section 123. 6. a similar construction was given to para. 5(d) of schedule ii of the finance act, 1920 and section 14 of the finance act, 1922 in payne v. allcock [1932] 2 k.b. 413. section 14 of the finance act, 1922 provided that where a licence was taken out ..... for a mechanically propelled vehicle at any rate under the second schedule of the finance act, 1920 and the vehicle was at any time, ..... as a green grocer held a licence, for a private motor car, duty having been paid thereon at the horse-power rate under para. 6, schedule ii of the finance act, 1920........the car was neither 'constructed' nor 'adapted' for use for conveyance of goods, but the appellant, while the licence was in force, used the said car .....

Commissioner of Income-tax, New Delhi Vs. Eli Lilly and Company (India ...

Court : Supreme Court of India

Reported in : 2009BusLR418(SC); (2009)223CTR(SC)20; [2009]312ITR225(SC); JT2009(5)SC78; 2009(4)SCALE384; [2009]178TAXMAN505(SC); 2009(4)LC1742(SC); 2009AIRSCW3104

..... 167b, as the case may be, or the rate or rates of income-tax specified in this behalf in the finance act of the ..... finance act of the relevant year and for the purposes of computation or of the 'advance tax' payable under chapter xvii-c, in a case falling under section 115a or section 115b or section 115bb or section 115bbb or section 115e or section 164 or section 164a or section 167b, the rate or rates specified in section 115a or section 115b or section 115bb or section 115bbb or section 115e or section 164 or section 164a or section .....

Commissioner of Central Excise, Vadodara-i Vs. Gujarat Carbon and Indu ...

Court : Supreme Court of India

Reported in : 2008AIRSCW6803; (2008)218CTR(SC)537; 2008(11)SCALE537; (2008)9SCC518; 2008[3]STR12; [2008]16STT108; (2008)17VST55(SC);

..... 16.11.1997 to 1.6.1998 alongwith interest for delayed payment of service tax required to be paid under the finance act, 1994.4. the tribunal referred to section 73 of the finance act which reads as follows:section 73(a)- the assistant commissioner of central excise or, as the case may be, the deputy commissioner of central ..... case, we refer to the factual scenario of civil appeal no. 1618 of 2005. the factual scenario is that commissioner was of the view that according to section 117 of the finance act, 2000 notwithstanding anything contained in any judgment, decree or order of any court, tribunal or other authority , sub-clause (xii) and sub-clause (xvii) ..... case, it was held that service availers are not required to pay service tax under the provisions of the finance act. in some cases the orders were reviewed under section 84 of the said act on the ground that section 117 of the finance act, 2000 validates retrospectively the provisions of sub-clause (xii) of clause (d) of sub-rule (1 .....

The Commissioner of Income-tax, Bombay Vs. the Jalgaon Electricity Sup ...

Court : Supreme Court of India

Reported in : AIR1960SC1182; (1961)63BOMLR549; [1960]40ITR184(SC); [1960]3SCR880

..... , therefore, the said paragraphs could not, on their terms, operate in the circumstances. the view of the minority was that even if there were no profits the intention of the finance act to levy the additional income-tax on the excess dividends was perfectly plain, and that the assessee company was liable. it may be mentioned at this stage that the decision ..... part of the previous year for the assessment for the year ending on the 31st day of march, 1950, and no order has been made under sub-section (1) of section 23a of the income-tax act, a rebate shall be allowed at the rate of one anna per rupee on the amount of such excess; (ii) where the amount of dividends referred ..... out of the undistributed profits of each of the said years shall be deemed to have borne tax, - (a) if an order has been made under sub-section (1) of section 23a of the income-tax act, in respect of the undistributed profits of that year, at the rate of five annas in the rupee, and (b) in respect of any other year .....