Judgment Search Results Home > Cases Phrase: finance act 1968 Court: allahabad Page 4 of about 10,501 results (1.761 seconds)

Cit Vs. Dugdh Utpadak Sahkari Sangh Ltd.

Court : Allahabad

Reported in : [2005]142TAXMAN611(All)

..... the applicability of the later judgment to the facts under consideration on it.'12. it may be mentioned here that the legislature by the finance (no. 2) act, 1980 had introduced sections 80aa and 80ab into the act by the reason of the interpretation placed by the apex court upon section 80m in cloth traders (p.) ltd's case. section 80aa ..... constitutional validity of the retrospective operation of section 80aa but held that it was in retrospective operation, merely declaratory of the law as it always had been since 1-4-1968, when the provisions of chapter vi-a were introduced.13. the apex court in the case of h.h. sir rama varma v. cit : [1994]205itr433(sc) ..... was introduced with retrospective effect from 1-4-1968 and section 80ab was introduced with effect from 1-4-1981. in the case of distributors (baroda) (p.) ltd .....

The Commissioner of Income Tax Vs. Dugdh Utpadak Sahkari Sangh Ltd.

Court : Allahabad

Reported in : (2006)202CTR(All)343

..... applicability of the later judgment to the facts under consideration on it.'12. it may be mentioned here that the legislature by the finance (no.2) act, 1980 had introduced sections 80aa and 80ab into the act by the reason of the interpretation placed by the apex court upon section 80m in cloth traders (p.) ltd.'s case. section ..... validity of the retrospective operation of section 80aa but held that it was in retrospective operation, merely declaratory of the law as it always had been since april 1, 1968, when the provisions of chapter vi-a were introduced.13. the apex court in the case of h.h. sir kama varma (deed., by legal representatives) v. ..... 80aa was introduced with retrospective effect from 1stapril, 1968 and section 80ab was introduced with effect from is1 april, 1981. in the ease of distributors (baroda) p. .....

Society for the Promotion of Education Adventure Sport and Conservatio ...

Court : Allahabad

Reported in : (2008)216CTR(All)167

..... the aforesaid principle has been followed and applied by the apex court in india in k.l. gupte v. municipal corporation of greater bombay : [1968]1scr274 ; reserve bank of india v. peerless general finance and investment co. ltd. (1987) 1 scc 5424; punjab land development and reclamataion corporation ltd. v. presiding officer : (1990)iillj70sc ; ..... short), therefore it did not seek separate registration under section 12a of the act, so as to claim exemption under section 11.3. section 10(22) being omitted by the finance act, 1998, the petitioner applied for registration under section 12a of the act, with retrospective effect, that is since the inception of the petitioner-society ..... decisions in such simple matters such as consideration of applications for registration even within the large six month period provided by section 12aa(2) of the act.20. we accordingly direct the respondents, subject to any order which may be passed under section 12aa(3), to treat the petitioner society as an .....

Commissioner of Wealth-tax Vs. Abdul Qayyam

Court : Allahabad

Reported in : [1996]217ITR414(All)

..... rates in terms of law under the amended section 18(1)(a)(i), as it stood after its amendment by the finance act, 1969.6. therefore, the tribunal was not right in holding that the penalty should be worked out on the basis of ..... 1968-69, this court held that the penalties under section 18(1)(a)(i) of the wealth-tax act were to be levied for the period of delay prior to april 1, 1969, in terms of the prescribed rates with reference to the unamended section 18 of the act as it stood prior to its amendment by the finance act ..... : [1991]192itr399(sc) , the question was about the levy of penalty under section 18(1)(a) of the wealth-tax act for the assessment year 1967-68 and following maya rani punj's case : [1986]157itr330(sc) , it was held that the ..... [1986]157itr330(sc) , the controversy was of a similar nature, but arising under section 271(1)(a) of the income-tax act, 1961. it was held that the default of not filing the return is a continuing default and the imposition of penalty was not confined .....

Commissioner of Income-tax Vs. U.P. Co-operative Cane Union Federation ...

Court : Allahabad

Reported in : (1979)9CTR(All)160; [1980]122ITR913(All)

..... business attributable to any one or more of such activities.' 4. this section was inserted in place of section 81, which was deleted by the finance (no. 2) act of 1967, with effect from the 1st april 1968. the deleted section 81(i)(a) was the same as the present section 80p(2)(a)(i). in the case of addl. cit v. ..... u. p. co-operative cane union : [1978]114itr70(all) , which was inter partes, this court held that income from printing press business was not exempt from tax under section 81(i)(a) of the act. ..... the federation also is responsible for the payment. the federation has undertaken the liability for making available the loans to the farmers either from its own resources or from the financing institutions. thus, the federation has provided credit facilities to the cane-growers who purchased pumping sets. the credit facility was either offered by the federation itself or it was .....

Mohd. Zafar Khan V. District Judge Hardoi

Court : Allahabad

..... down by full bench judgment of this court in the case of ganga saran v. civil judge, hapur, ghaziabad and others, 1991 (9) lcd 149 and sumtibai & others v. paras finance co. mankanwar w/o parasmal chordia (d) & ors. 2008 (1) arc 504 sri shafiq mirza, learned counsel for petitioner in rebuttal submits that in view of the authorities cited by ..... law prescribes a certain mode or specific mode of or for doing a thing or certain mode of exercising certain power of authority or right or for performing certain act then that act or thing has got to be done in that manner alone & not otherwise. other modes in respect thereof are necessarily and by necessary implication taken to have been ..... o parasmal chordia (d) & ors. 2008 (1) arc 504, hon'ble apex court held as under:-as observed by this court in state of orissa v. sudhansu sekhar misra, (air 1968 sc 647 vide para 13) :- a decision is only an authority for what it actually decides. what is of the essence in a decision is its ratio and not every .....

Fida Ali Vs. Amroha Sahkari Kraya Vikaraya Samiti Ltd. and ors.

Court : Allahabad

Reported in : AIR1977All158

..... if the agreement of reference itself is challenged, the only remedy a party has is to proceed under section 33 of the arbitration act. 17. in prem sagar chawla v. security & finance (p.) ltd., air 1968 delhi 21 (fb), a full bench of the delhi high court laid down the following proposition : 'where the challenge to the ..... was a member of the society on the date of reference. he, however, repelled the contention of the defendant that the pr6ceedings under section 33 of the arbitration act were not maintainable. the plaintiff, feeling aggrieved by the judgment of the additional civil judge, has filed the present appeal. 6. sri k. c. saxena, appearing ..... , additional district co-operative officer, respondent no. 3, was appointed as arbitrator within the meaning of rule 115 of the rules framed under the co-operative societies act (hereinafter referred to as the rules). the arbitrator called upon the plaintiff to appear on 27th november, 1964, in connection with the claim. the plaintiff filed a .....

P.N. Tiwari Vs. Union of India

Court : Allahabad

Reported in : [2003]133TAXMAN482(All)

..... event it could undoubtedly be treated as 'fringe benefit' or 'amenity' given to the employee.15. in view of the section 17(2)(vi) which has been introduced by the finance act, 2001, the earlier decision in the case of v.m. salgaocar & bros. (p) ltd. v. cit : [2000]243itr383(sc) is not applicable in view of the specific provision of ..... 17(2)(vi) read with rule 3 of the rules.16. in view of the introduction of sub-clause (vi) of clause (2) of section 17 of the act by means of the finance act, 2001, and prescription of the interest-free loan or loans at the concessional rate of interest by the employer to its employees having been treated as a 'fringe ..... control in respect of the rule framed by the executive, and hence it cannot be said that it is unguided or excessive delegation vide delhi municipality v, union of india : [1968]3scr251 . hence we are clearly of the opinion that rule 3 framed under section 295 is not invalid on the ground of excessive delegation or violation of article 14 of .....

P.N. Tiwari and ors. Vs. Union of India (Uoi) and ors.

Court : Allahabad

Reported in : (2003)185CTR(All)1; [2004]265ITR224(All)

..... . in that event it could undoubtedly be treated as 'fringe benefit' or 'amenity' given to the employee.11. in view of section 17(2)(vi) which has been introduced by finance act, 2001, the earlier decision in the case of v.m. salgaocar & bros. (p) ltd v. cit : [2000]243itr383(sc) is not applicable in view of the specific provision of ..... as invalid or void as contended by the petitioner. hence, the writ. petition is liable to be dismissed and the provisions of section 17(2)(vi) of the it act as inserted by finance act, 2001, as well as rule 3 of the it rules framed in pursuance of section 17(2)(vi) by the board are legal and valid. similar view has ..... control in respect of the rule framed by the executive, and hence it cannot be said that it is unguided or excessive delegation vide delhi municipality v. union of india : [1968]3scr251 . hence, we are clearly of opinion that r, 3 framed under section 295 is not invalid on the ground of excessive delegation or violation of article 14 of the .....

Tika Ram and Sons (Private) Ltd. Vs. Commissioner of Income-tax, U. P. ...

Court : Allahabad

Reported in : [1964]51ITR403(All)

..... a person may have a liability to tax because he alone knows whether his income is above the minimum taxable limit or not in relation to the relevant finance act but such liability as may be within such persons knowledge will not make the revenue department his creditor in respect thereof. the observations made by the supreme ..... the act and only the quantification of the tax depended on the passing of the finance act it was there held that income is chargeable to tax independent of the passing of the finance act but until the finance act is passed no tax will be actually levied. this only means ..... made in a different context altogether. the question there was whether the charge to tax depended on the passing of the finance act or it was determinable under the scheme of the indian income-tax act and whether the moment any income was earned it attracted the quality of chargeability with reference to the standing provision of .....