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Judgment Search Results Home > Cases Phrase: finance act 1968 section 28 amendment of section 280zb Court: punjab and haryana Page 11 of about 546 results (0.135 seconds)

Mar 18 2002 (HC)

Commissioner of Income-tax Vs. Export House

Court : Punjab and Haryana

Reported in : [2002]256ITR603(P& H)

..... .'23. however, vide section 8 of the finance act, 1970, the following words and brackets were added at the end of this clause with ..... to be upheld, the tribunal ought to have examined whether the provisions of sub-clause (iii) of section 35b(1)(b) were capable of two interpretations or not. this has not been done. sub-clause (iii) of section 35b(1)(b) as originally enacted by the finance act, 1968, was as under :'(iii) distribution, supply or provision outside india of such goods, services or facilities .....

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Feb 19 2010 (HC)

Commissioner of Income Tax Vs. Smt. Neena JaIn and Kimti Lal Jain

Court : Punjab and Haryana

Reported in : (2010)230CTR(P& H)554,[2010]189TAXMAN308(Punj& Har)

..... exemption from wealth-tax on the building under construction as per clause (v) of sub-section (3) of section 40 of the finance act, 1983. on the peculiar facts and circumstances of that case, while interpreting the provisions of section 40(3) of the finance act, 1983, it was ruled that 'under such circumstances, such building could not have fallen ..... as well, because the word 'any building' cannot possibly be read in isolation and it has harmoniously to be construed with the remaining portion of section 2(ea) of the act, i.e., whether the building used for residential or commercial purposes or for the purpose of maintaining a guest house, because incomplete building, as ..... case, the core question, that arises for determination, is whether the incomplete building of the assessee falls within the ambit of assets as defined in section 2(ea) of the act or not, which postulates that 'assets' in relation to the assessment year commencing on 1st day of april, 1993, or any subsequent assessment year .....

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Sep 23 1996 (HC)

Rakesh Raj and Associates Vs. Central Board of Direct Taxes and anr.

Court : Punjab and Haryana

Reported in : [1997]223ITR282(P& H); (1997)115PLR129

..... professionals rendering services to the individuals or the parties are covered for the purposes of deduction of income-tax at source within the meaning of section 194c of the act.3. section 194c was inserted in the act by the finance act of 1972, with effect from april 1, 1972. it required a person responsible for paying any sum to any resident (referred to as 'the ..... the deduction of tax at source on the payment of fees for professional services also inasmuch as this was not covered under section 194g of the act.12. a new section 194j has now been enacted. this new provision inserted by the finance act, 1995, with effect from july 1, 1995, requires a person responsible for paying any sum by way of fees for professional .....

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Mar 30 1994 (HC)

Municipal Committee, Yamuna Nagar and Others Vs. Sukhminder Singh and ...

Court : Punjab and Haryana

Reported in : AIR1995P& H108; (1995)110PLR541

..... clearly imposed on him under rule 11.5(2). he invoked the provisions of section 35 of the act which authorises him to take suitable action in case he is of the opinion that there is an emergency. since the finance sub-committee was not in existence and the budgetproposals were necessarily required to be ..... and consequently, the injunction granted by the courts below should not be vacated.5. the municipal account code is a compilation of rules 'published under section 240 of the punjab municipal act, 1911 vide punjab government notification no. 11961 dated the 4th april 1930. . . . . .'. chapter ii of this code relates to the preparation and ..... time. finally, on january 30, 1993, the term of the finance sub-committee expired. the committee did not constitute a fresh finance sub-committee. faced with this situation, the president on march 9, 1993 invoked his emergency powers under section 35 of the haryana municipal act, 1973 and submitted the budget proposals to the committee. on march .....

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Jul 26 1977 (HC)

Lachhman Dass Aggarwal Vs. Punjab National Bank and ors.

Court : Punjab and Haryana

Reported in : [1978]48CompCas327(P& H); [1979(38)FLR46]

..... that the entire undertaking of the corporation shall be vested in the development bank. the corporation cannot be dissolved except by the government......66. the industrial finance corporation act states that whoever in any bill of lading, warehouse receipt or other instrument given to the corporation whereby security is given to the corporation for accommodation ..... these appeals. the life insurance corporation act as well as the industrial finance corporation act confer power on the corporation to make regulations as to the method of recruitment of employees and the terms and conditions of service of such employees or agents. the oil and natural gas commission act under section 12 states that the functions and terms ..... dated october 28, 1952, has the same force as a regulation made under sections 19(1) and 19(2)(d) of the act. circular no. 20, therefore, has statutory force. a.r. joshi v. state bank of india (c.w.p. no. 838 of 1968), a decision of the delhi high court on which shri d.s. .....

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Mar 20 2002 (HC)

Raj Kumar Singal Vs. Union of India (Uoi) and ors.

Court : Punjab and Haryana

Reported in : (2002)176CTR(P& H)628; [2002]255ITR561(P& H)

..... which is taken into account in computing such total income.' 3. by the finance act, 2001, the above provision stands substituted by the following provision with effect from april 1, 1989 : 'explanation 1. --in this section, 'assessed tax' means the tax on the total income determined under sub-section (1) of section 143 or on regular assessment as reduced by the amount of tax deducted ..... , j. 1. is the provision of section 2mb, explanation 1, as amended by the finance act, 2001, ultra vires this is the short question that arises for consideration in this case. 2. the original provision was in the following terms : 'explanation i--in this section, 'assessed tax' means,-- (a) for the purposes of computing the interest payable under section 140a, the tax on the total .....

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Dec 17 1993 (HC)

State of Punjab Vs. Kulwant Singh

Court : Punjab and Haryana

Reported in : 1995CriLJ744

..... upon the construction of statutes 'by crawford (pp. 523-524) were made by the apex court while interpreting the mandatory nature of the provisions of sub-section (2), of section 6, of the bengal finance (sales tax) act, 1941:--the primary key to the problem whether a statutory provision is the mandatory or directory is the intention of the law maker as expressed in ..... are not applicable to searches under the foreign exchange regulation act. the apex court was considering the import of its earlier decision in commissioner of commercial taxes v. ramkishan shrikishan jhaver air 1968 sc 59, to the effect that the obligation to record in writing the grounds of belief, as enjoined in section 165(1) of the code, if not complied with, would .....

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Jan 25 1965 (HC)

Commissioner of Income-tax Vs. Bharat Nidhi Ltd.

Court : Punjab and Haryana

Reported in : [1966]36CompCas457(P& H); [1966]60ITR520(P& H)

..... the business of money-lending had remained intact, which was within the scope of the assessee's activity under section 277f of the indian companies act, 1913. it further came to the conclusion that the assessee carried on the business of financing, that is, of accepting money as deposits for interest, lending money on interest and purchase and sale of ..... it ceases to do any business whatsoever. no doubt, the assessee in view of section 7 of act 10 of 1949 could not use the word 'bank ' in its name after march 10, 1951, but that did not stop it from continuing its financing business other than the banking business. afterwards, it did for this reason change its ..... ) of section 66 of act 11 of 1922, the tribunal has referred these questions to this court:'(1) whether there was material on which the tribunal could hold that the assessee had carried on the business of financing and money-lending after march 10, 1951 ?'11. if the finding on this question is in the affirmative,--' (2) whether, .....

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Aug 08 2007 (HC)

Sukhdeep Singh Bhoday Vs. Joint Director General of Foreign Trade and ...

Court : Punjab and Haryana

Reported in : 2007(123)ECC302; 2007(149)LC302(P& H); 2007(216)ELT181(P& H)

..... which fell for consideration of madras high court in the case of m. natarajan (supra). a learned single judge while interpreting the provisions of section 91 of the finance act, 1998 has concluded in para 15 as under:15. true, this provision of the scheme shall not apply to any person in respect of ..... for any such offence have been instituted before the date of receipt of the application under section 127b'. thus the wordings are entirely different in the finance act, 1998 and emphasis is on institution of prosecution whereas in the said customs act, emphasis is on institution of proceeding for prosecution. in the given case, the proceedings ..... for any such offence have been instituted before the date of receipt of the application under section 127b'. thus the wordings are entirely different in the finance act, 1998 and emphasis is on institution of prosecution whereas in the said customs act, emphasis is on institution of proceeding for prosecution. we further observe that the applicant has .....

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Apr 02 2013 (HC)

Present: Mr. Ashok Aggarwal Senior Advocate with Vs. Landmark Builders ...

Court : Punjab and Haryana

..... was imposed by the government of india on the services rendered for management and maintenance of immovable property and towards renting of immovable property by the finance act, 2005 and finance act of 2007 respectively. as per the petitioner, the payment of this tax was the sole responsibility of the respondents whereas the respondents claimed that ..... dated 16.12.2010 seeking reference. however, the matter was raised before the arbitral tribunal which has passed several orders under section 17 of the arbitration & conciliation act, 1996 (hereinafter referred to as the act ) on the very issue of refund of security deposit. both the parties have argued this aspect before the present arbitral ..... arb. l.r. 320 (delhi). in state of goa (supra), the court had appointed the arbitrator and referred the claim of the claimant under section 11 of the act. the opposite party wanted to file the counter claim before the arbitral tribunal which was objected to on the ground that they were not referred to .....

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