Judgment Search Results Home > Cases Phrase: finance act 1968 Court: orissa Page 4 of about 4,913 results (0.048 seconds)

Kailash Chandra Mahesh Kumar Vs. Commissioner of Income-tax

Court : Orissa

Reported in : [1976]104ITR64(Orissa)

..... of the tax, if any, which would have been avoided if the income as returned by such person had been accepted as the correct income.'5. by the finance act of 1968, the upper limit of penalty has now been fixed at twice the amount of income in respect of which the particulars have been concealed or inaccurate particulars have been ..... case of commissioner of income-tax v. k.c. behera : [1976]103itr479(orissa) . before amendment was brought to the provision by the finance act of 1968, sub-clause (iii) of section 271(1)(c) of the act provided :'in the cases referred to in clause (c), in addition to any tax payable by him, a sum which shall not be less ..... counsel, was completed on december 8, 1967, and along with the assessment, the income-tax officer directed initiation of a proceeding under section 271(1)(c) of the act. the satisfaction of the income-tax officer for imposition of penalty was thus reached in december, 1967, and he reported the matter to the inspecting assistant commissioner as he .....

Digambar Bhuyan Vs. Nityananda Sahoo and ors.

Court : Orissa

Reported in : 38(1972)CLT992; [1974]94ITR459(Orissa)

..... that sub-section on courts is maintained. the prohibition against any public servant disclosing certain particulars also has disappeared. the position, therefore, is that after the finance act, 1964, has come into force, no particulars contained in any document whatever filed or produced during assessment proceedings are confidential and the bar on courts from ..... th'e 1961 act and by section 33 substituted section 138 by a new section which contained two sub-sections. the first sub ..... sub-section (3) of section 54 of the earlier act, except as to some additional exceptions mentioned therein. section 138 (1961 act) is of limited scope asit originally stood and is limited to disclosure of information in respect of the tax payable. the finance act, 1964 (act v of 1964), by chapter xiii omitted section 137 of .....

Srei International Finance Ltd. Vs. State of Orissa and ors.

Court : Orissa

Reported in : (2008)106CALLT192(NULL)

..... manufacture outside the state and the customer also placed an order for supply in anticipation of confirmation by the appellant. the manufacturer raised invoices against itc classic finance showing the customer as the consignee. the claim of itc was that since the goods moved outside the state as a result of lease agreement, the transaction ..... classic's, case (supra) and the judgment of the consandhra pradesh general sales titution bench of the hon'ble supreme court in the case of 20th century finance corporation's case (supra) squarely cover the case of the petitioner. the learned counsel urged that the transaction in question has taken place, long before the amendment ..... an inter-state lease agreement and for which it disclosed the gross turnover under the ost act as nil. in support of its contention the petitioner relied on the judgment of the hon'ble supreme court in the case of 20th century finance corporation ltd. and ors. v. state of maharashtra 119 stc 182. the petitioner further .....

Hi-tek Powercon Pvt. Ltd. Vs. the Asst. Commissioner of Commissioner T ...

Court : Orissa

Reported in : 103(2007)CLT658; (2008)14VST379(Orissa)

..... of the matter, the court held that any notification issued by the govt. order in exercise of the powers under section 7 of the bihar finance act, 1981, if it would be found to be repugnant to the industrial policy declared in a govt. resolution, then the notification must be held to be bad ..... state govt. after such policy was approved by the cabinet itself and the issuance of the notification under section 7 of the bihar finance act, 1981 was by the state govt. in the finance department, which notification was issued to carry out the objectives and the policy decisions taken in the industrial policy itself. in this view ..... exercise of powers conferred on the state govt. by the legislature under sections 6 and 7 of the orissa sales tax act. the statutory authorities in the state govt. represented by finance department are charged with the responsibility of issuance of notification for statutory implementation and the industries department are charged with the responsibility of .....

Chakradhar Patel Vs. Samasingha Service Co-operative Society Ltd. and ...

Court : Orissa

Reported in : AIR1982Ori38; 53(1982)CLT57; (1982)ILLJ381Ori

..... in accordance with the provisions of the societies registration act. the fact that the prime minister is the president or that the government appoints nominees to the governing body or that the government ..... in accordance with the provisions of the act .....'and also the observations in the case of sabhajit tewary v. union of india, air 1975 sc 1329, where chief justice ray pointed (at p. 1330) :--'..... the society does not have astatutory character like the oil and natural gas commission, or the life insurance corporation or industrial finance corporation. it is a society incorporated .....

M/S.Vishal Metalics. Vs. State of Orissa and ors.

Court : Orissa

..... basis of the impugned notification issued under section 20(8), clause(m) of the orissa value added tax act, 2004 ( here-in- after referred to as "ovat act") on the ground that the ovat act does not vest in the finance department of the government of orissa with the necessary authority in law for issue of such a notification and ..... purportedly in exercise of its power under clause (m) of sub- section (8) of section 20 of the vat act is clearly beyond the authority and/or competence of the executive i.e. finance department. learned counsel further submitted that in the present case the impugned notification is clearly an attempt by the executive to overreach the ..... 96, cuttack, tuesday, january 27, 2009/ magha 7, 1930 finance department notification the 27th january 2009 s.r.o. no.34/2009-in exercise of the powers conferred by clause (m) of sub-section (8) of section 20 of the orissa value added tax act, 2004 (orissa act 4 of 2005), the state government, having been satisfied that it .....

Prakash Chandra Sahu and ors. Vs. Managing Director, O.R.T. Co. and or ...

Court : Orissa

Reported in : AIR1980Ori122

..... objections and bona fide representations to show that the scheme does not subserve the public interest. in the case of a. vishwanath rao v. state of mysore air 1968 mys 104, it was contended that the approved scheme was not in accordance with section 68-c since ft omitted to provide facilities for passengers travelling from places ..... pro tanto cut down to only that portion which lies outside the natinoalised route or area. in the case of a. vishwanath rao v. state of mysore, air 1968 sc 1095, it was contended that though in the draft scheme the maximum number of vehicles and daily services were specified, and not the minimum, but in the ..... ) of the articles of association reads as follows :-- 'subject to provision of the companies act and notwithstanding anything contained in any of these articles, the governor may issue such directives or instructions as he may think fit in regard to the finance and conduct of business and affairs of the company and the board of directors shall duly comply .....

Himansu Majumdar Vs. State of Orissa

Court : Orissa

Reported in : 53(1982)CLT483; [1982]51STC33(Orissa)

..... per cent for the remaining part of the period.as we have already pointed out, the normal rate of tax prescribed by the act at the relevant time was 5 per cent. the gazette notification referred to above certainly supports the stand of the assessee that with ..... sales tax act, 1947, deleting the entries in columns 2 and 3 against serial no. 47 of the schedule to the finance department notification no. 33927-c.t.a.-130/57-f dated the 30th december, ..... 20215-cta-14/76-f dated 23rd april, 1976, issued in exercise of the power under the proviso to section 5(1) of the act, rates of tax were again prescribed by a new schedule. entry 61 read thus :si. no. description of goods rate of tax61. ..... catalogued. reference was made under item no. (ii) to the relevant notification and the following was stated :in finance department notification no. 25714-c.t.a.-65/60-f dated the 11th august, 1960, issued under section 5(1) of the orissa .....

Aryan Ispat and Power Pvt. Ltd. Vs. Union of India and ors.

Court : Orissa

..... the cc rules, 2004. 15. in view of insertion of clause (xiiia) in sub-section (2) of section 37 of the act by the finance bill, 2010 assented to by the president on 08.05.2010, we should not detain ourselves any further to find out the intention ..... power was only vested in the central government by way of inserting clause (xiiia) in sub-section (2) of section 37 of the act by the finance bill, 2010, to make rules in the matters as enumerated in rule 12 cc of the ce rules, 2002 and rule 12 aa ..... is accepted then there is no need at all to insert clause (xiiia) in sub-section (2) of section 37 of the act by the finance bill, 2010. insertion of clause (xiiia) in sub-section (2) of section 37 itself shows that the legislature has never vested such ..... restrictions in case of evasion of duty or misuse of cenvat credit. on 8.5.2010 presidential assent was received to the finance bill, 2010 as act no. 14 of 2010. 5. on 21.07.2010 member (cx) authorized by the board passed the impugned order under .....

S. Jayaswami and anr. Vs. State of Orissa and anr.

Court : Orissa

Reported in : 2005(2)ALD(Cri)23; IV(2005)BC469; 99(2005)CLT424; 2005CriLJ2896; 2005(I)OLR384

..... .p., air 2000 sc 754. in that case the cheques issued by the accused to the finance company on two occasions were dishonoured by the bank and proceedings under the section 138 of the act was initiated by the finance company for dishonour of the cheques. during pendency of such proceedings, complaint was filed under section ..... parties, the following points emerge for consideration and adjudication :(i) whether police investigation is permissible into an allegation relating to offences under section 138 of the act.(ii) whether the proceeding in a case can be quashed at the stage of investigation.(iii) whether pendency of complaint cases filed by opp. party no. ..... involving offences under sections 420/34, ipc and section 138 of the negotiable instruments act.2. opp. party no. 2 lodged an fir on 29.7.2004 in kumbharpara police station alleging that the petitioners who are managing director, and finance director respectively of m/s. smith and keener pharmaceuticals pvt. ltd., hyderabad had .....