Judgment Search Results Home > Cases Phrase: finance act 1968 Court: guwahati Page 1 of about 1,201 results (0.034 seconds)

George Williamson (Assam) Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Guwahati

Reported in : (1991)37ITD392(Gau.)

..... us for our consideration. as stated earlier, the assessee claimed weighted deduction under section 35b which was introduced in the statute with effect from 1-4-1968 by the finance act 1968. among other things, section 35b prescribed certain weighted deduction to be allowed to the assessee if such assessee has incurred any expenditure as mentioned in the ..... the promotion of sale outside india of such goods, services or facilities as may be prescribed". section 35b itself was introduced in the statute by the finance act 1968 with effect from 1 -4-1968. but what would be "such other activities" nothing was provided. at a later stage, rule 6aa of the income-tax rules, 1962 was ..... . in the case of ito v. m.c. ponnoave [1970] 75 itr 174 the hon'ble supreme court had occasion to deal with section 4 of the finance act, 1963 which was substituted by a new definition of "tax recovery officer". the provision, as amended, empowered the state government to authorise by notification certain land revenue .....

Cit Vs. Hynoup Food and Oil Ind. (P) Ltd.

Court : Guwahati

..... . in order to remedy such situation, section 40a was added by the finance act of 1968 and it came into force with effect from 1-4-1968. while introducing the bill in the lok sabha for its consideration, the finance minister made a speech on 29-4-1968, in which he pointed out that the provision in question was intended to ..... mehta, j.the tribunal, ahmedabad bench a, ahmedabad, has referred the following question for the opinion of this court under section 256(1) of the income tax act, 1961 (the act), at the instance of the cit, gujarat central, ahmedabad :"1. whether the tribunal is right in law and on facts in deleting the disallowance made under section 40a ..... serve the objective of checking tax evasion. though the finance minister did not elaborate, it is obvious .....

Commissioner of Income-tax Vs. Satyanarayan Sikaria

Court : Guwahati

..... is comprehensive. we are here concerned with clause (iv) of sub-section (1) as set out earlier. prior to the amendment of this clause by the finance act of 1968, allowance from house property income was admissible for an annual charge on house property without any exception even in cases where the charge was created by the assessee ..... of the revenue. 5. before addressing the questions involved in the reference, it would be appropriate to look to the material portion of section 24(1)(iv) of the act which reads as follows : '24. (1) income chargeable under the head 'income from house property' shall, subject to the provisions of sub-section (2), be ..... the strength of the said partition. the assessee in his return of income showed income from house property and claimed deduction under section 24(1)(iv) of the act for annual charges amounting to rs. 2,10,000. the memorandum of confirmation of family arrangement containing total partition of satyanarayan sikaria and sons, guwahati, dated july .....

Cit Vs. Hynoup Food and Oil Ind. (P) Ltd.

Court : Guwahati

Reported in : (2006)199CTR(Gau)350

..... payments. in order to remedy such situation, section 40a was added by the finance act of 1968 and it came into force with effect from 1-4-1968. while introducing the bill in the lok sabha for its consideration, the finance minister made a speech on 29-4-1968, in which he pointed out that the provision in question was intended to ..... mehta, j.the tribunal, ahmedabad bench a, ahmedabad, has referred the following question for the opinion of this court under section 256(1) of the income tax act, 1961 (the act), at the instance of the cit, gujarat central, ahmedabad :'1. whether the tribunal is right in law and on facts in deleting the disallowance made under section ..... serve the objective of checking tax evasion. though the finance minister did not elaborate, it is obvious .....

Budhindra Nath Sarma Vs. Commissioner of Income-tax

Court : Guwahati

..... time limit for completion of assessment and reassessment has been set out in section 153 of the act of 1961. in order to expedite the disposal of the assessment proceedings during the relevant time, amendment was made by the finance act of 1968, effecting a phased reduction in the time limit from four years to two years as indicated ..... in sub-clauses (i), (ii) and (iii) of clause (a) to sub-section (1) of section 153 of the act of 1961. however, in those cases wherein the asses ..... his satisfaction for extending the period of limitation. the tribunal accepted the finding of the assessing officer. in these circumstances, it cannot be said that the assessing officer acted illegally in extending the period of limitation for assessment. the assessment was made march 31, 1989, i.e., within the period of eight years and in the .....

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

..... the act or a return in spite of service of notice under section 14(2) of ..... thereafter under section 18(1)(a)(i), as substituted by section 24 of the finance act, 1969?' 9. wealth-tax reference no. 3/75.10. this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of ..... effect from april 1, 1965, by section 18 of the w.t. (amend.) act, 1964, and; thereafter, under section 18(1)(a)(i) as substituted by section 24 of the finance act, 1969 '67. wealth-tax reference no. 3 of 1975 : this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of .....

T. K. Roy Vs. Commissioner of Wealth-tax. S. Karam Singh V. Commission ...

Court : Guwahati

..... substituted, w.e.f. april 1, 1965, by section 18 of the w.t. (amend.) act, 1964, and thereafter under section 18(1)(i), as substituted by section 24 of the finance act, 11969 ?"wealth-tax reference no. 3/75.this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the ..... with effect from april 1, 1965, by section 18 of the w.t. (amend.) act, 1964, and, thereafter, under section 18(1)(a)(i) as substituted by section 24 of the finance act, 1969 ?" wealth-tax reference no. 3 of 1975 :this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of ..... the act or a return in spite of service of notice under section 14(2) of the .....

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

..... the act or a return in spite of service of notice under section 14(2) of ..... thereafter under section 18(1)(a)(i), as substituted by section 24 of the finance act, 1969?' 9. wealth-tax reference no. 3/75.10. this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of ..... effect from april 1, 1965, by section 18 of the w.t. (amend.) act, 1964, and; thereafter, under section 18(1)(a)(i) as substituted by section 24 of the finance act, 1969 '67. wealth-tax reference no. 3 of 1975 :this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of .....

S. Charan Singh Vs. Commissioner of Wealth-tax

Court : Guwahati

..... for the three assessment years 1966-67, 1967-68 and 1968-69. returns for the three years were submitted by the assessee on may 18, 1970, beyond the due dates. the wealth-tax ..... , 1969, was to be made under section 18(l)(i) of the wealth-tax act, 1957, as substituted with effect from april 1, 1965, by section 18 of the wealth-tax (amendment) act, 1964, and thereafter under section 18(l)(i) as substituted by section 24 of the finance act, 1969 ?' 2. in the two questions, the issue relates to levy of penalty ..... the assessee even beyond the date of the submission of the return of net wealth as required under section 14(2) of the act. therefore, the grievance of the assessee with reference to the assessment years 1966-67 to 1968-69 in the context of pleas taken before us does not subsist at this stage.' (emphasis supplied) 3. we see in the .....

T.K. Baruah Vs. Commissioner of Wealth-tax

Court : Guwahati

..... 1967-68 and 1968-69. for all the five years all through, a consolidated order was passed by the revenue authorities.3. all the ..... 1, 1965, to march 31, 1969, as substituted with effect from april 1, 1965, by section 18 of the wealth-tax (amendment) act, 1964, and thereafter under section 18(1)(i) as substituted by section 24 of the finance act, 1969 ?'2. this case relates to five orders of penalty in relation to the assessment years 1964-65, 1965-66, 1966-67, ..... , 1969.6. the question now is referred under section 27(1) of the wealth-tax act, 1957, for our opinion.7. section 18(1)(i) of the wealth tax act, 1957, was amended by the wealth-tux (amendment) act, 1964, and thereafter is substituted by section 24 of the finance act, 1909.8. in jain bros. v. union of india : [1970]77itr107(sc) the .....