Judgment Search Results Home > Cases Phrase: finance act 1970 chapter iii income tax Page 19 of about 17,717 results (0.128 seconds)

T and T Motors Ltd Vs. Assistant Commissioner of Income

Court : Delhi

..... accessories keeping in mind the sale promotion element and the issue in tuticorin alkali chemicals (supra) was regarding commission and discount on sales..7. chapter xiih under the heading "income tax on fringe benefits" was inserted by finance act, 2005, w.e.f. 1st april, 2006, and remained in the statute book till 31st march, 2010. the term fbt is defined ..... under and is chargeable under section 115wa. section 115wa reads as under:- ita 899/2010 page 3 of 15 "115-wa. charge of fringe benefit tax.--(1) in addition to the income tax charged under this act, ..... to his employees. one of the contentions raised by the appellant is that customers are not employees and are not deemed to be employees under any of the provisions of chapter xiih. the said contention may or may not have merit but for the purpose of present case, we do not think, we are required to go into this .....

Lancer Army School Society Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2004)90TTJ(Ahd.)1024

..... v. khushlal chand nirmal kumar (2003) 263 itr 77 (mp) wherein their lordships have examined the impact of the amendment in the provisions of section 158bb made by finance act, 2002.their lordships held as under : "if the provisions of section 168bb are read in proper perspective, we are inclined to respectfully agree with the view expressed by ..... 2002) 258 itr (st) 131 which has been referred to above in para 61.3.2 has laid down as under (p. 58) : '61.3.2. the finance act, 2002, has amended section 158bb to clarify that the block assessment of undisclosed income is to be based on the evidence found in the search and material or information gathered ..... other material or information as are available with the assessing officer and relatable to such evidence as provided in section 158b(6). block assessment under chapter xiv-b of the income tax act, 1961, is not intended to be a substitute for regular assessment. its scope and ambit is limited in that sense to material unearthed during search .....

Ram Chand and Sons Vs. Commissioner of Income-tax, U. P.

Court : Allahabad

Reported in : [1967]63ITR252(All)

..... validate the assessment for the relevant year, therefore, is now clearly erroneous. it is also unnecessary to decide in these proceedings whether section 44, as amended by the finance act of 1958, has retrospective effect or not, as the question can be answered without doing so.in this view of the matter, the only point that has to be ..... , on this ground 'also' the assessment cannot be said to be illegal or invalid. it further went on to hold that section 44, after its amendment by the finance act of 1950 had removed the anomaly which hitherto existed in section 44 of between assessment of an association of persons and a firm and though the amendment came into effect ..... absence of reference to dissolution of a firm (not resulting in discontinuance) in section 44 was therefore a logical sequel to the provisions relating to assessment of firm, contained in chapter iv, especially sections 23(5), 25(1), 26(1) and (2).'the view taken by a bench in the said income-tax reference no. 224 of 1960, .....

Om Parkash Rajinder Kumar Vs. K.K. Opal

Court : Punjab and Haryana

Reported in : AIR1967P& H464; [1967]19STC153(P& H)

..... for the appellant is that during the relevant year 1939-40 the income was not chargeable to tax as a fact and that the retrospective operation of the finance act for that relevant year by virtue of a latter legislation does not make a difference for this purpose. to decide this question it is necessary to have a ..... clear idea of the scheme of the income-tax; act and its corelation to the finance act of each year. the income-tax act is a standing piece of legislation which provides the entire machinery for the levy of income-tax. the finance act of each year impose the obligation for the payment of a determinate sum for ..... taxed does not voluntarily pay. the same idea has been expressed in slightly different language by lord romer in the judgment of the privy counsel reported in , chapter iii of the income-tax act headed 'taxable income' contains the various provisions with reference to which taxable income is determined.' 15. mr. l. d. kaushal, who argued this case .....

G.N. Pant Vs. Commissioner of Income-tax

Court : Delhi

Reported in : 2001IAD(Delhi)48; 89(2001)DLT433; [2001]248ITR718(Delhi)

..... amount by which the winning's exceed five thousand rupees.'5. section 74a was introduced with effect from april 1, 1972. sub-section (2) thereof, which was omitted by the finance act, 1986, reads as follows : '(2) the sources referred to in sub-section (1) are-(a) lotteries ;(b) crossword puzzles ;(c) races including horse races ;(d) card ..... income, if any, from any source other than the activity of owning and maintaining race horses in that year and shall, subject to the other provisions of this chapter, be carried forward to the following assessment year and--(a) it shall be set off against the income, if any, from the activity of owning and maintaining race ..... , reference to a few provisions as existed at the relevant point of time would be necessary. section 2(24)(ix), section 10(3), section 74a and section 80tt of the act read as follows :'2. (24) 'income' includes- . .(ix) any winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any .....

Aryan Educational Society Vs. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)93ITD546(Delhi)

..... it is also pertinent to note that the word 'not involving the carrying on of any activity for profit' have been omitted from this definition by the legislature by finance act, 1983 w.e.f.1.4.83. therefore, after such omission, the element of profit cannot be excluded from the definition of 'charitable purpose' in section 2 ..... are not inclined to accept the reasonings given by the cit. there is no provision in chapter iii of the act to the effect that in order to claim exemption, the income of the trust/institution imparting education should be financed either by my subsidy/grant from govt. or voluntary contribution from the public. the concept of altruism, ..... as argued by the ld. dr, does not fit in the scheme of the act because it is the settled legal position that dictionary or natural meaning .....

Union of India and Others Vs. Smt. Vidya R. Bijur and Others

Court : Karnataka

Reported in : ILR1994KAR593; [1994]209ITR803(KAR); [1994]209ITR803(Karn)

..... date, the period of two months as earlier mentioned in s. 269ud(1) has undergone a legislative amendment. sec. 269ud(1) has been amended by insertion of additional proviso by finance act, 1993. the revenue in the present case will, therefore, be entitled to a period of 3 months as referred to in the second proviso to s. 269ud(1) to complete ..... had not applied the ratio of the decision in gautam's case for quashing the impugned order. therefore, there was no occasion for the revenue to start further proceedings under chapter xx-c within a period of two months from the date of judgment, i.e., 15-12-1992. that stage would be reached for the revenue only on the date ..... at all it chooses to do so. --c. b. gautam v. union of india & ors. (1993) 199 itr 530 (sc) followed.application :also to current assessment years. citation :income tax act 1961 s.269ud(1) .....

Commissioner of Wealth Tax Vs. Shanti Parshad JaIn and ors.

Court : Punjab and Haryana

Reported in : (2009)222CTR(P& H)246

..... case of one assessee then it is not open to the revenue to challenge its correctness in the case of other assessees, without just cause. no doubt, by the finance act, 2008, section 268a has been inserted with retrospective effect from 1st april, 1999 as under:268a. filing of appeal or application for reference by it authorities.-(1) ..... such monetary limits as it may deem fit, for the purpose of regulating filing of appeal or application for reference by any it authority under the provisions of this chapter.(2) where, in pursuance of the orders, instructions or directions issued under sub-section (1), an it authority has not filed any appeal or application for reference ..... compensation awarded to these persons. these appeals were pending at the time of making of the wealth-tax assessments.for the purpose of making assessment under the wt act, the iac was of the view that the assessee's right to receive additional compensation was to be included in his wealth on the valuation date of 31st .....

Kumudini Subhan and anr. Vs. Chief Commissioner (Admn.), Commissioner ...

Court : Chennai

Reported in : [1992]198ITR390(Mad)

..... 195(1)(b), criminal procedure code, since the complainant is not a court. the basis for the argument is the retrospective amendment made to section 136 of the income-tax act by the finance act, 1985, with effect from april 1, 1974. as per the amendment, every income-tax authority is considered to be a civil court for the purpose of section ..... 195 of the criminal procedure code, but not for the purpose of chapter xxvi of the code. 27. it is no doubt true that, as per the amendment, every income-tax authority ..... shall be deemed to be a civil court for the purposes of section 195, criminal procedure code. but, in order to attract the provisions of section 136 of the income-tax act, there should be a .....

Vinod Kumar Vs. Income-tax Officer and ors.

Court : Himachal Pradesh

Reported in : (1993)114CTR(HP)16,[1993]200ITR79(HP)

..... section (3) of section 195 of the code of criminal procedure and he has made the complaint in writing. section 136 of the act was amended by the finance act of 1985 with retrospective effect from april 1, 1974, and it applies to the present case. as chapter xxvi of the criminal procedure code has been excluded from the provisions of section 136 of the ..... april 1, 1970, the non-judicial stamp papers on which it was written were not printed and issued for sale by the india security press, nasik. on the facts alleged in the complaint ..... 193, 177 and 109 of the indian penal code. besides the above-stated facts, it was alleged in the complaint that on further enquiry, the rent deed dated april 1, 1970, executed by naubat rai in favour of his son, vinod kumar, and witnessed by nanak chand was found fabricated, inasmuch as, on the date of its execution, i.e., .....