Judgment Search Results Home > Cases Phrase: finance act 1968 Court: guwahati Page 4 of about 1,201 results (1.809 seconds)

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 .....

Commissioner of Income-tax Vs. Bimal Auto Agency

Court : Guwahati

Reported in : (2009)226CTR(Gau)573,[2009]314ITR191(Gauhati)

..... in certain quarters. from the central board of direct taxes circular in question, it is, therefore, clear that the amendment of section 158bb brought about by the finance act of 2002 is merely clarificatory. in the present case, admittedly, no evidence or materials was discovered in the course of the search of the premises of the group ..... with retrospective effect from july 1, 1995, will not apply to the present case. relying on the provisions of section 158bb, prior to its amendment by the finance act of 2002, shri bhuyan has submitted that the materials relied upon by the assessing officer in making the assessment of undisclosed income need not be connected with the ..... assessment of undisclosed income in so far as the building is concerned cannot also be justified on the basis of section 158bb of the act, as it stood prior to its amendment by the finance act of 2002. to make the discussion complete, the provisions of section 158bb, as it existed before and after the amendment, are reproduced .....

Bezbaruah Tea Co. (P.) Ltd. Vs. Commissioner of Income-tax

Court : Guwahati

..... taken into consideration for determining as an industrial company. learned counsel for the assessee-company had drawn our attention to section 2(7)(c) of chapter ii of the finance act, 1982, where industrial company has been defined as follows : ' 'industrial company' means a company which is mainly engaged in the business of generation or distribution of ..... meaning of manufacturer of goods because tea is grown and manufactured. the expression 'mainly' has been explained in the explanation to section 2(7)(c) of the finance act, 1982. as per the provisions of law contemplated under the said explanation, a company (industrial company), shall be deemed to be mainly engaged in the business of ..... holding that 51 per cent. of the total composite income of a particular tea company should be taken within the scope of section 2(7)(c) of the finance act, 1982, to enable the assessee-company to receive the lower rate. at this stage, mr. joshi, has drawn our attention that the assessee-company does not .....

Vishwa Vimohan Jha Vs. State of Meghalaya and ors.

Court : Guwahati

..... hands over that photograph to the customer, any sale of photo paper is involved in the transaction on which sales tax is leviable under the meghalaya finance (sales tax) act.2. the aforesaid question has arison in the following circumstances.3. appellant-writ petitioner is a proprietor of a firm known as m/s colour ..... of m/s colour calcutta, the following conditions were fulfilled :-'1. the photostat copies of the registration certificate under (a) the meghalaya finance (sales) tax act and (b) the central sales tax act duly attested by the superintendent of taxes/ inspector or taxes government of meghalaya are furnished in this office.2. the consignment note no. ..... was challenged before the learned single judge.5. it was inter alia argued before the learned single judge that the assam finance (sales tax) act, 1956, as adopted in meghalaya as meghalaya finance (sales tax) act, was not applicable so far as the business of the writ petitioner (now appellant) is concerned. it was the case .....

Ashutosh Banik Vs. Commissioner of Income-tax, N.E. Region, Shillong.

Court : Guwahati

..... i.t. act as amended by the indian i.t. (amend.) act, 1939, applied for the assessment year 1939-40, although the subject of charge was the income of ..... 221, the privy council observed that the indian i.t. act, 1922, as amended from time to time, formed a code, which had no operative effect except in so far as it was rendered applicable for recovery of tax imposed for a particular fiscal year by a finance act. by virtue of the finance act, 1939, s. 16(1)(c) of the indian ..... should be excluded from the total income of the assessee.the revenue in appeal to the tribunal contended that according to s. 27 of the i.t. act, 1961 (hereinafter "the 1961 act"), an individual who transfers otherwise than for adequate consideration any house property to his spouse shall be deemed to be the owner of the house property so transferred .....

Ashutosh Banik Vs. Commissioner of Income-tax, N.E. Region

Court : Guwahati

..... .t. act as amended by the indian i.t. (amend.) act, 1939, applied for the assessment year 1939-40, although the subject of charge was the income of the ..... , the privy council observed that the indian i.t. act, 1922, as amended from time to time, formed a code, which had no operative effect except in so far as it was rendered applicable for recovery of tax imposed for a particular fiscal year by a finance act. by virtue of the finance act, 1939, section 16(1)(c) of the indian i ..... be excluded from the total income of the assessee. 2. the revenue in appeal to the tribunal contended that according to section 27 of the i.t. act, 1961 (hereinafter 'the 1961 act'), an individual who transfers otherwise than for adequate consideration any house property to his spouse shall be deemed to be the owner of the house property so .....

Bhawani Shankar Bagaria Vs. Asst. Controller of Estate Duty

Court : Guwahati

..... such person, a duty called 'estate duty' at the rates fixed in accordance with section 35......'7. this section is based on section 1 of the u.k. finance act, 1894. the phrase 'property passing on the death' which occurs in this section is defined in section 2(16). the principle on which section 3 was founded hag ..... constance lubeck : [1970]78itr199(mad) , kesoram industries and cotton mills ltd. v. cwt : [1966]59itr767(sc) , pramila v. ced : [1975]99itr221(kar) , setu parvati bayi v. cwt : [1968]69itr864(sc) , smith (decd.), in re : executor trusteeand agency co. of south australia ltd. v. irc [1951] ch 360; 3 edc 188.23. the division bench negatived the contention of ..... accountable person relied on the decision of the supreme court in the case of h.h. setu parvati bayi v. cwt : [1968]69itr864(sc) . that was a case arising out of the w.t. act. the appellate controller did not accept the contention. he pointed out that wealth-tax and estate duty are two entirely different enactments. whereas .....

Ladhuram Laxminarayan Vs. Commissioner of Income-tax

Court : Guwahati

..... were, in fact, the moneys belonging to some of the partners of the firm and these partners made voluntary disclosure under section 24 of the finance (no. 2) act, 1965. the income-tax officer held that the interest shown as paid to these parties were not actually paid to a third party but to the ..... showing an income of rs. 1,06,798. the income-tax officer found that the following interest payments were claimed as deduction :rs.(a)m/s.international finance corpn.1,913.00(b)'surajmal ganeshiram & sons4,500.00(c)'srigopal onkarmal1,988.00(d)'sharma & sons1,960.00(e)'laxminarayan mohanlal723.00(f)'gulabrai ..... , laduram ajitsaria, madanlal ajitsaria, k. p. ajitsaria and sitaram ajitsaria, made declarations under section 24 of the finance (no, 2) act of 1965, wherein they respectively stated that laduram ajitsaria received the interest paid to m/s. international finance corporation and m/s. laxminarayan mohanlal, madanlal ajitsaria received the interest paid to m/s. surajmal ganeshiram & sons .....

PorcelaIn India (P.) Ltd. Vs. State of Assam and ors.

Court : Guwahati

..... is also subject to the conditions as may be specified in such notification. accordingly, the notification dated 30.7.1988 issued under section 3b of the assam finance (sales tax) act, 1956 has prescribed certain conditions which must be fulfilled before any assessee can claim the benefit of exemption. in the present case the petitioner was issued a ..... the period 15th october, 1982 to 31st august, 1988 in terms of the notification dated 30.7.1988 issued under the provisions of section 3b of the assam finance (sales tax) act, 1950. insofar as the period after 1.8.1988 is concerned, the argument advanced is that the provisions contained in the notification dated 30.7.1988 requiring ..... any sale where the dealer has collected any amount by way of sales tax in any form or manner in respect of such sale. insofar as the assam finance (sales tax) act is concerned, a notification as visualised by section 3b was published on 30.7,1988. by the said notification the liability of a dealer to pay tax .....