Judgment Search Results Home > Cases Phrase: finance act 1968 Court: kolkata Page 93 of about 13,667 results (0.109 seconds)

N.K. Bapna Vs. Union of India (Uoi) and ors.

Court : Kolkata

Reported in : 1993CriLJ2199

..... his release from detention by virtue of an order dated 1st january, 1992 issued by shri mahendra prasad, joint secretary to the government of india, ministry of finance, department of revenue under section 3(1) of the cofeposa act, 1974 as amended and other reliefs.4. messrs. eap endutries ltd. is a company incorporated under the indian companies ..... k. tulsiyan and shri n. k. bapna under section 107/108 of the customs act, 1962 was made. the order of detention under section 3(1) of the cofeposa act, 1974 was passed by the joint secretary to the government of india, ministry of finance on 1-1-92 with a view to preventing the petitioner from smuggling goods in future ..... on 31-10-88, since 29th and 30th october, 1988 were holidays. the mos (revenue) with his comments forwarded the representation on the same day to the finance ministry. the finance ministry considered and rejected the representation on 1-11-88 and the file was received in the office on 2-11-88 and on the same day a memorandum .....

Sangita Jalan Vs. State of West Bengal and ors.

Court : Kolkata

Reported in : 2006(1)CHN644

..... by the proviso to sub-section (3) of section 85 and section 86 read with sections 30, 31, 36, 37 and 37a of the bengal excise act, 1909 (ben, act v of 1909), the governor is pleased hereby to make, with immediate effect, the following amendment in the west bengal excise (selection of new sites and grant ..... the present case.10. the division bench judgment in the case of circular properties (supra) was delivered on interpretation section 399 of calcutta municipal corporation act. section 399 of the act authorises the municipal commissioner to grant renewal/extension of time for making construction on the basis of a sanctioned plan. the facts of that case ..... 'stay order, the builder applied to the corporation for extension of time to complete the construction and that was refused. the court held that the corporation cannot act in a discriminatory fashion and cannot refuse extension when it granted the same in other cases. it is thus clear that principles decided in circular properties (supra) .....

C.i.T. Kolkata Ii Vs. Duars Union Tea Co. Ltd.

Court : Kolkata

..... has erred in holding that the expenditure incurred by the company outside the books of account, prior to insertion of proviso to section 69c of the income tax act, 1961, by the finance (no.2) act, 1998, with effect from 1.4.1999, would have been allowable as business expenditure. iii) whether, on the facts and in the circumstances of the case, the ..... debangsu basak date : 15th september, 2014. appearance: mr.m.p. agarwal, adv.mr.debasish, mitra, adv.the court : this appeal has been preferred under section 260a of the income tax act, 1961 by the revenue against the order dated 21st april, 2005 passed by the income tax appellate tribunal, a bench, kolkata, in i.t(ss).no.43(kol) of 2002 .....

Reliance Capital Limited Vs. Mahendra Kumar Raja

Court : Kolkata

..... of judge s office or judicial process or administration of justice or generation or production of tendency bringing the judge or judiciary into contempt. section 2(c) of the act, therefore, defines criminal contempt in wider articulation that any publication, whether by words, spoken or written, or by signs, or by visible representations, or otherwise of ..... of justice. the tendency of judge bashing and the use of derogatory and contumacious language against the judges require condemnation. in dealing with section 2( c ) of the act and defining the limits of scandalizing the court the hon ble supreme court in d.c.saxena [1978 (3) scc339, held as follows; 40.scandalising the court, ..... a white collar criminal/terrorist & allow me to have a right to life as contained in act 21 of indian constitution.8) that i would also like to state the president of india, that i know arun jeeitley, hon ble union finance minister recently had rushed to london to uncover the veil of mahatma gandhi & hours after .....

income-tax Officer Vs. Kamsco Industries (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (1983)3ITD359(Kol.)

..... supra), allowed deduction at 60 per cent on the gross dividend income. section 80aa, quoted above, was newly introduced by the finance (no. 2) act, 1980, with retrospective effect from 1-4-1968.the department has challenged the finding of the commissioner (appeals) on the ground that deduction allowed by the commissioner (appeals) is ..... direction of the commissioner (appeals) regarding deduction allowed by him under section 80m. a new section 80aa was introduced by the finance (no. 2) act, 1980, with retrospective effect from 1-4-1968. section 80aa shall be quoted later on. the supreme court pronounced a judgment in the case of cloth traders (supra). the ..... net dividend.shri bajoria, the learned departmental representative, referred to section 80aa and stated that the section was introduced by the finance (no. 2) act, 1980, with retrospective effect from 1-4-1968. under the circumstances, deduction under section 80m cannot be allowed on the gross dividend of the assessee. shri bajoria stated .....

Cit, Central – I, Kolkata Vs. Binani Cement Ltd.

Court : Kolkata

..... for deciding this issue, it is necessary for us to examine the object of introducing section 115-j in the it act which can be easily deduced from the budget speech of the then hon'ble finance minister of india made in parliament while introducing the said section which is as follows: it is only fair and ..... as follows: the scheme of arrangement between the company and daisy commercials private limited (dcpl) and their respective shareholders under sections 391 and 394 of the companies act, 1956 for transfer of the investment division of the company, consisting of investments/application money for investments in various unlisted companies aggregating to rs.2316.16 lakhs, ..... proper that the prosperous should pay at least some tax. the phenomenon of so-called zero-tax highly profitable companies deserves attention. in 1983, a new section 80vva was inserted in the act so .....

Karam Chand Thapar and Bros. (Coal Vs. Deputy Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (1998)66ITD39Cal

..... claim of learned departmental representative, vis-a-vis expln. 4a, we are of the opinion that it was never intended to be retrospective in operation. memorandum explaining provisions in finance (no. 2) bill, 1996 (200 itr 270 (statutes) may be usefully extracted hereinbelow : "under the existing provisions, the term "actual cost" means the actual ..... no. 2 relates to the claim of guest house expenditure.learned departmental representative submitted that in view of the specific provisions of s. 37(4) of the it act, 1961, rates, taxes and repairs of the guest house are not allowable as deduction. first appellate authority decided the issue in favour of the assessee-company by ..... to claim depreciation and for such colourable transaction, judicial sanction should not be given. drawing our attention to expln. 3 to s. 43(1) of the act, learned departmental representative submitted that apart from applying the mcdowell's case (supra), the order of the ao can be supported by the power vested in him .....

Joint Commissioner of Income Tax Vs. India Steamship Co. Ltd.

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (2003)78TTJ(Kol.)154

..... the tribunal to confirm the decision of the ao.6. the learned, counsel, on the other hand, stated that section 32(2) of the it act underwent substantial amendment by the finance (no. 2) act, 1996, w.e.f. the asst. yr. 1997-98 and prior to the amendment, unabsorbed depreciation of any assessment year could be carried forward ..... industrial community expressed apprehension that the proposed amendment would adversely affect the growth of industry. while moving the bill in the lok sabha the finance minister kept in mind the fear expressed by the industry and clarified the amending provisions that the proposed amendment is only prospective inasmuch as the cumulative unabsorbed ..... other heads in the asst. yr. 1997-98.7. as regards ground no. 1, the learned counsel stated that as a result of amendment proposed in the finance (no. 2) bill, 1996, to section 32(2) restricting carry forward and set off of unabsorbed depreciation there was severe confusion amongst tax payers and the .....

R.P.C. Industries Ltd. Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (2003)85ITD105(Kol.)

..... assessment year 1977-78 and subsequent years." as a result of omission of section 109, explanation to section 73 was amended with effect from 1-4-1988 by the finance act, 1987 (11 of 1987). as per explanation to section 73, where any part of a business of a company other than (i) for assessment years 1977-78 ..... defect can be remedied only by legislation and not by judicial interpretation. reliance was also placed on the decision of the supreme court in the case of cit v. shaan finance (p) ltd. (1998) 231 itr 308 (sc) at page 317 for the proposition that in ineterpreting a fiscal statute, the court cannot proceed to make good ..... reasonable interpretation of the language employed by the legislature. according to the learned counsel, the legislature in its wisdom has not used the words "notwithstanding anything contained in the act or notwithstanding anything contained in sections 70, 71 and 72". the legislature having used the expression "for the purpose of this section", i.e., section 73, the .....

Bagadiya Brothers Pvt. Ltd. and Anr. Vs. U.O.I. and Ors.

Court : Kolkata

..... decided along with all the other three connected appeals together by this common judgment.4. appellant/petitioner no.1 bagadiya brothers pvt. ltd is a company incorporated under the companies act, 1956 (hereinafter referred to as the company .) having its registered office at 402, maker chamber v, 221, nariman point, mumbai - 21. it is engaged in business of ..... to be due to it from them. this demand of alleged under-charge amount is claimed by the railways under the rationalisation scheme issued under section 71 of the act of 1989 read with special rates circular, both as amended from time to time and boards circular letter dated 22.03.2007. it is challenged by the appellants as ..... in the opinion of the railway board it is necessary so to do the public interest: now, thereof, in exercise of the powers conferred by section 71 of the railways act, 1989(24 of 1989) read with notification of the government of india in the ministry of railways number g.s.r. 53(e) dated the 23rd january, 1995, .....