Judgment Search Results Home > Cases Phrase: finance act 1970 chapter iii income tax Sorted by: recent Court: delhi Page 98 of about 1,576 results (0.157 seconds)

Bhagat Construction Co. (P) Ltd. Vs. Commissioner of Income Tax

Court : Delhi

Reported in : [1998]232ITR722(Delhi)

..... say that the assessed is a manufacturer or processor of goods as understood in common parlance, in the context of the definition of 'industrial company' given in the finance acts, 1969 and 1970.' 10. we are, thereforee, of the opinion that no referable question of law arises on the findings arrived at by the tribunal. the answers to the ..... had made investments of rs. 5,402 and rs. 81,959, respectively, on quarry equipment magazine and stabilizer (including accessories). the assessed claimed investment allowance under s. 32a of the it act, 1961, as under : quarry equipment magazine - rs. 5,402 at 25% 1,350voltage stabilizer - rs. 81,956 at 20% 20,448---------total 21,830---------3. the ..... in the manufacture or processing of any intermediary products is arrived at by ignoring the relevant material on record and by relying upon extraneous of s. 32a of the act 8. whether the tribunal is right in holding that the assessor's case is covered by the decision of the supreme court in cit vs . n. c. .....

P.V. Narsimha Rao Vs. Central Bureau of Investigation

Court : Delhi

Reported in : 1997VAD(Delhi)265; 68(1997)DLT553; 1997(43)DRJ108; 1997RLR567

..... magistrate may whether or not he has jurisdiction in the case record any confession or statement made to him in the course of an investigation under this chapter or under any other law for the time being in force, or at any time afterwards before the commencement of the inquiry or trial; provided that ..... charge of a duty attached to that office.' (68) the other judgment to which my attention was drawn is reported as kanta kathuria v. nanak chand : [1970]2scr835 . in the said case an advocate was appointed as a special government pleader to assist the government pleader in a particular case. question arose as to whether ..... critical introduction. butterworths. 1996). however, the fact remains that a number of privileges have been surrendered or modified over the years. for example, following the parliamentary privilege act, 1770 the privilege of freedom from arrest previously enjoyed by the servants of the members was extinguished. similarly, at the beginning of the second world war, the .....

William Jacks and Co. (India) Ltd. Vs. Skipper Sales Pvt. Ltd. and ors ...

Court : Delhi

Reported in : 1997VIAD(Delhi)357; 69(1997)DLT36

..... principles of fair-play and it had been trying to hoodwink everybody concerned. thereforee, the statement in the auditor's report that mr. rajiv gupta had only financed the project cannot be taken to the last word on the point. thereforee, mr. rajiv gupta is entitled to allotment. the committee while considering the claims of ..... to flats which are subject matter of letters of allotment of earlier dates. the main thrust in the cross-examination was that mr. rajiv gupta was only financing the project and there was no transaction of agreement to sell. in other words, these letters of allotment were only to be as security for the money ..... learned counsel, the committee had not considered the applicability of section 19 of the specific relief act, 1963. that section reads as under: '19.relief against parties and persons claiming under them by subsequent title - except as otherwise provided by this chapter, specific performance of a contract may be enforced against - (b) any other person claiming .....

Centre for Public Interest Litigation Vs. Union of India and ors.

Court : Delhi

Reported in : 1997VAD(Delhi)405; 3(1997)CLT425; 68(1997)DLT650; 1997RLR585

..... done about the income of the applicant. from the application submitted by the applicant the main thrust seems to be that he is a congress party worker since 1970 and has served the party in' several capacities and resides in the constituency of the chief minister of karnataka. the applicant also states that he has the ..... discretion' cannot be legitimated by this court. the court may overlook certain aberrations and allow considerable freedom of 'discretion' on being satisfied that the public authority was acting bonafide but at the same time when it is found that by exercising discretionary powers allotments were given only as benevolence to those who do not deserve it. and ..... when dealing with a private property and not when dealing with public property. 'discretion' does not empower a person to do what he likes. he has to act reasonably. when it is found that no right thinking or conscientious person would have exercised the 'discretion' in the manner it was exercised, the action will have .....

Surjeet Singh Mahan Sing Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1998)64ITD104(Delhi)

..... determine bar of limitation pleaded for assessment years 1982-83 and 1883-84. in this connection, section 18(5) as amended by the tax laws amendment act, 1970. the tax laws amendment act, 1975 and finance act, no. 2 of 1977 w.e.f. 1978 stood as under :- "(5) no order imposing a penalty under this section shall be passed :- ..... querries giving out the list of additional benefits of amnesty consequent upon the assurance given by the finance minister on a series of points. the clarification on point no. 7 is the following :- "whether an investigation in the cases of a person other that ..... returns were filed after the concealed wealth has found out by the department is not correct. in 157 itr at page 53, the assurance given by the finance minister on disclosure of income and wealth also include immunity from roaming enquiry penalty and prosecution. since clarifications were given by the commissioner in response to certain .....

Commissioner of Income Tax Vs. Umrao Singh

Court : Delhi

Reported in : 70(1997)DLT598

..... sub-section (14) of section 2 of the income tax act by the finance act, 1970 w.e.f. 1.4.1970 and the explanationn added to sub-section (1-a) of section 2 of the income tax act defining the agricultural income by the finance act, 1989 giving retrospective effect from 1.4.1970. the effect of the amendment is that the revenue derived from ..... begum & am.., : [1995]213itr172(ap) and cit v. puranchand : [1995]212itr68(bom) have held that in view of the amendment in the law w.e.f. 1.4.1970, as noticed hereinabove, the profits and gains arising from the transfer of such agricultural land will be assessable to capital gains tax. the amendments have thus nullified the view of ..... of his agricultural land. the assessed did not declare any capital gains on the ground that it was outside the ambit of capital assets as defined in the income tax act, 1961. the itr, however, observed that capital gains were taxable and brought them to tax. the aac upheld the order of assessment. the tribunal relying on bombay .....

D. K. Gupta Vs. Deputy Commissioner of Income Tax.

Court : Delhi

Reported in : (1998)60TTJ(Del)587

..... the limited purpose of proceedings under ss. 132(5) and 132(11) and cannot be invoked by the ao for making such additions in block assessment under chapter xiv-b as inserted by the finance act, 1995, w.e.f. 1st july, 1995, prescribing special procedure for assessment of such cases by ignoring the provisions of ss. 68, 69, 69a, ..... tax liability @ 60 per cent thereof at rs. 1,78,30,062. the appellant is engaged in the business of real estate, including builders and developers besides financing business. the sources of income include income from house property and other sources.2. the assessed has challenged the validity of the assessment and has also contested all the ..... picture. this, according to him, is not justified. according to him, an insignificant mistake could not entitle the ao to make the impugned addition. he relied on (1970) 76 itr 718 (sic).9.1 on the other hand, the learned departmental representative relied on findings given by the ao and submitted that admittedly rs. 47.23 is .....

D.K. Gupta Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

..... limited purpose of proceedings under ss. 132(5) and 132(11) and cannot be invoked by the ao for making such additions in block assessment under chapter xiv-b as inserted by the finance act, 1995, w.e.f. 1st july, 1995, prescribing special procedure for assessment of such cases by ignoring the provisions of ss. 68, 69, 69a ..... tax liability @ 60 per cent thereof at rs. 1,78,30,062. the appellant is engaged in the business of real estate, including builders and developers besides financing business. the sources of income include income from house property and other sources.2. the assessee has challenged the validity of the assessment and has also contested all ..... different picture. this, according to him, is not justified. according to him, an insignificant mistake could not entitle the ao to make the impugned addition. he relied on (1970) 76 itr 718 (sc) (sic).9.1 on the other hand, the learned departmental representative relied on findings given by the ao and submitted that admittedly rs. 47 .....

Raminder Singh Duggal Vs. Director of Enforcement

Court : Appellate Tribunal for foreign Exchange New Delhi

..... bill was settled by foreign party, namely, the municipality of greater amman for an amount of jd 506,000. however, that amount was further reduced by the finance ministry of the government of amman to jd 5,03,115. while submitting the reply to the scn the company had also filed annexure f-1 under which the ..... and the powers to grant approval of reserve bank have been delegated to the working group. in support of his submission, shri chandrasekharan took us through part e of chapter ii of ecd manual, 1978 which relates to overseas construction contracts and in particular para 11e.2(i) thereof. he submitted that even the latest clarification from the ..... any contravention of those provisions. he submitted that a mere perusal of the impugned order shows that the learned adjudicating officer has neither discussed the provisions of the act which he found to have been contravened by the appellants nor has he discussed the factual evidence brought before him. in respect of legal status of the .....

Collector of Central Excise Vs. Kashmir Conductors

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in : (1997)LC304Tri(Delhi)

..... 20/82-c.e., dated 20-2-1982 had amended rules 9 and 49 of the central excise rules by way of addition of explanation. section 51 (1) of the finance act, 1982 provided that the amendments made to rules 9 and 49 by the aforesaid notification shall be deemed to have and to have always had effect on and from the ..... date on which the central excise rules, 1944 came into force. sub-section (2) of section 51 of the finance act provided that any action or thing taken or done or purporting to have been taken or done before the 20th day of february, 1982 under the central excise ..... year between 2-4-1969 to 24-9-1969 who filed the refund claim on 29-3-1971, which was well within the period of 1 year from 31-3-1970. during that period, rule 11 of the central excise rules governed the refund of excise duties and it provided 1 year time limit for claiming refund. the refund was rejected .....