Judgment Search Results Home > Cases Phrase: finance act 1968 Sorted by: old Year: 2007 Page 1 of about 6,436 results (0.094 seconds)

Commissioner of Income-tax Vs. D.P. Kanodia

Court : Allahabad

Reported in : [2008]296ITR616(All)

..... by the assessee it would not fall under the aforesaid clause. similar provision existed under section 40a(5)(a)(ii) and section 40(a)(v) inserted by the finance (no. 2) act, 1971, and finance act, 1968, with effect from april 1, 1969, respectively. the apex court in the case of cit v. mafatlal gangabhai and co. p. ltd. : [1996]219itr644(sc) ..... amount in question in the hands of the assessee by treating the same as a perquisite in terms of provisions of section 17(2)(iii)(a) of the income-tax act, 1961, also confirmed during first appeal.5. the tribunal, however, on an appeal by the assessee took the view that the receipt towards the reimbursement of medical ..... of medical expenses to an employee being the director of the company, is not 'perquisite' within the meaning of section 17(2)(iii)(a) of the income-tax act, 1961?2. the present reference relates to the assessment year 1990-91.briefly stated the facts giving rise to the present reference are as follows:the assessee an individual .....

State of Chhattisgarh and ors. Vs. Vtp Constructions

Court : Supreme Court of India

Reported in : AIR2008SC714; JT2008(1)SC91; 2007(14)SCALE27; (2008)2SCC578; (2008)12VST14(SC)

..... -d of the uttar pradesh trade tax act, section 6-e of the bengal finance (sales-tax) act, 1941; section 25-a of the bihar finance act, 1981; section 25-b of the haryana general sales tax act 1973, section 12-a of the himachal pradesh general sales tax act 1968, section 16-c of the jammu & kashmir general sales tax act, section 19a of the karnataka sales tax ..... act and section 13-aa of the orissa sates .....

Dilip JaIn and anr. Vs. the State of Rajasthan and ors.

Court : Rajasthan

Reported in : 2007ACJ206; 2008(1)CTLJ133(Raj)

..... 18% p.a. would be highly excessive in view of the current market rate of interest and the fact that this interest would ultimately create a burden upon the finances of a public body like municipal corporation. in my considered view, award of interest @ 6% p.a. only would meet the ends of justice.22. in view ..... writ petition deserves to be allowed and is accordingly allowed. the note-1 to schedule of the notification dated 13-5-1968 is declared illegal, unconstitutional and ultra vires of section 104(2) of the act and the levy and realisation of the octroi by the respondent-municipal corporation from the petitioners vide annexure-2 dated 21-11 ..... of notification dated 13-5-1968 was beyond the competence of the state legislature.8. shri manoj sharma further argued that the octroi itself has been abolished from the year 1998. under the circumstances, therefore directing its refund to the petitioners after so long now would not only adversely affect the finances of the municipality but amount .....

In Re: Elpro International Ltd.

Court : Mumbai

Reported in : [2009]149CompCas646(Bom); [2008]86SCL47(Bom)

..... them.12. one of the leading decisions in england which approves a selective reduction of capital is the decision of the house of lords in british and american trustee and finance corporation ltd. and reduced v. john couper 1894 ac 399 (hl). in that case, the shares of the company were divided into ordinary shares partly paid up, and ..... act by a. ramaiya with approval which describes the decision in the british and american trustee and finance corporation ltd. case as the leading authority on the subject of a reduction of capital. in hindustan commercial bank ltd. v. hindustan ..... de la rue & co. ltd. in re (1911) 2 ch. 361; westburn sugar refineries ltd. (1951) 1 all er 991 (hl) and robert stephen holdings ltd. in re [1968] 1 wlr 522.14. in ramesh b. desai v. bipin vadilal mehta : air2006sc3672 , the supreme court referred to the commentary in the guide to the companies .....

Fascel Limited Vs. Commissioner of Service Tax

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Ahmedabad

..... various telecom authorities and demanded duty of rs. 15,89,86,209/- as service tax and imposed penalties under various sections including rs. 16 crores under section 78 of the finance act, 1994.4. the learned advocate for the appellant, made inter alia, the following submissions: a. the appellant as a telegraph authority have revealed to the department whatever charges are collected ..... 1. this is an appeal against the order of the commissioner no.stc/telephone/04/commr/ahd/2006 dated 18/10/2006 a. the appellant is licensed under the telegraph act to provide mobile telephone services within the state of gujarat; b. they have communication network of their own; they have subscribers of their own and they are also paying service .....

Cce Vs. Sundaram Finance Ltd.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Tamil Nadu

Reported in : (2007)(117)ECC259

..... respondents was in the nature of 'in-house services" rendered by them as partner of the jv company. section 65(21) of the finance act, 1994 defines "management consultancy" as follows: management consultant means any person who is engaged in providing any service, either directly or indirectly, in connection with ..... & share services" by the appellant-company from their jv partner were held to be not taxable under "management consultancy" defined under section 65 of the finance act, 1994.4. after giving careful consideration to the submissions, we find substance in the view taken by the lower appellate authority that the work done by the ..... present appeal of the department.2. heard both sides. ld.sdr referred to the definition of "management consultancy" as given under section 65(21) of the finance act, 1994 and submitted that the aforesaid services had been rendered by the respondents, directly or indirectly, in connection with the management of fisaf and hence squarely fell .....

Lovely Dish Centre Vs. Cce

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in : (2007)9STJ20CESTATNew(Delhi)

..... the appellants are engaged in providing services of cable operator on which service tax was leviable with effect from 16.8.2002 under section 65 of chapter v of the finance act, 1994. show cause notice dated 10.9.2004 was issued demanding service tax amounting to rs. 42,003/- and imposition of penalty, interest for non-payment of service tax during .....

Rajeev Verma Vs. Union of India (Uoi) and ors.

Court : Delhi

Reported in : 2007CriLJ1232; 2007(94)DRJ34; 2007(218)ELT200(Del)

..... :funds from repayment of state credits are to be utilized for export of goods to russian federation only. no third country exports are permitted to be financed out of funds from such repayments of state credits.12. the benefit under the scheme is available only if the goods are exported to russia and ..... which amounted to mis-declaration in respect of 'material particular' and has accordingly rendered the goods liable for confiscation under section 113(i) of the customs act. respondents contend that the petitioner submitted shipping bills with the entry 'port of discharge' as moscow while the corresponding bill of lading and airway bills proved ..... on him. the order is sought to be challenged at the pre-execution stage itself. proceedings have also been initiated under section 7 of the cofeposa act before the additional chief metropolitan magistrate. in the said proceedings, petitioner had initially been granted interim protection for the purpose of presenting himself before the trial court .....

Commissioner of C. Ex. Vs. Vikram Ispat Ltd.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Reported in : (2007)(117)ECC120

..... under rule 57i(1)(ii) of the central excise rules, 1944/rule 12 and 13 of the cenvat credit rules 2001/2002 read with section 11a of the central excise act, 1944 and also sought to impose penalty under various rules alongwith interest etc. these show cause notices were dropped by the commissioner who accepted the plea taken by m/s .....

Gujarat Security Services Vs. Commr. of Service Tax

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Ahmedabad

Reported in : (2007)9STT444

..... .67 lakhs on the appellants.2. considered the submissions made by both sides and perused the records. the imposition of penalty on the appellant is under section 76 of the finance act, 1994. the imposition of penalty has arisen for the reason that the appellant had deposited the service tax liability belatedly. it is the appellants contention that the delay in paying .....