Judgment Search Results Home > Cases Phrase: finance act 1970 section 16 amendment of section 80mm Court: gujarat Page 4 of about 739 results (0.147 seconds)

Commissioner of Income-tax Vs. Central India Builders

Court : Gujarat

Reported in : [1985]156ITR453(Guj)

..... sub-section (2b) of section 37 of the income-tax act. it should be recalled that by section 10 of the finance act, 1970 (19 of 1970), the aforesaid sub-section (2b) was, inter alia, added with effect from april 1, 1970, the said sub-section (2b) read as under ;'(2b) notwithstanding anything contained in this section, ..... no allowance shall be made in respect of expenditure in the nature of entertainment expenditure incurred within india by any assessee after the 28th day of february, 1970 ..... .'3. it should be further recalled that by the aforesaid finance act, explanation to sub-section (2a), as it then stood, was sought to be amended so as to make the .....

Patidar Oil Cake Industries Vs. Dy. Commissioner of Income Tax

Court : Gujarat

Reported in : (2004)190CTR(Guj)481; [2004]270ITR347(Guj)

..... reserve account to be utilised for the purposes of the business of the assessee.' the said provision continued even while the section underwent various amendments. however, by the finance act, 1988 with effect from 1.4.1989, section 80hhc was substituted and the substituted section did not carry the proviso w.e.f. 1.4.1989. 6. as can be seen from the legislative history ..... contentions raised on behalf of the petitioner as can be seen hereinafter. section 80hhc was inserted in the statute book by the finance act, 1983 w.e.f. 1.4.1983. however, the said section came to be substituted by the finance act, 1985 w.e.f. 1.4.1986 and the substituted section carried the following proviso:-'provided that an amount equal to the amount of .....

Commissioner of Income-tax, Gujarat-i Vs. Satellite Engineering Ltd.

Court : Gujarat

Reported in : [1978]113ITR208(Guj)

..... , a provision for carrying forward has been made in sub-section (3) of section 80j. it would thus appear that the legislature has been progressively relaxing the provisions relating to earning of ..... and with effect from april 1, 1968, and in its place section 80j was enacted in chapter via to provide a substantially similar relief. by the finance act, 1969, the time-limit of 23 years in section 80j(4)(iii) was increased to 28 years and by the finance act, 1975, it was raised to 33 years. this is how the ..... its initial enactment; first, from clause (ii) of sub-section (4) of section 80j, which as initially enacted was in pari materia with clause (ii) of sub-section (2) of section 84, the words 'a building (not being a building taken on rent or lease), have been omitted by the finance act, 1975, with effect from april 1, 1976, and, secondly .....

Commissioner of Income-tax Vs. Gopal Gram Seva Sahakari Mandli Ltd.

Court : Gujarat

..... replacement of section 114.] deduction in respect of winnings from lottery. 80tt. [omitted by the finance act, 1986, w.e.f. 1-4-1987. original section was inserted by the finance act, 1972, w.e.f ..... . 1-4-1972 and amended by the finance (no.2) act, 1980, ..... long term credit for agricultural and rural development activities." section 80t reads as under: deduction in respect of long-term capital gains in the case of assessees other than companies. 80t [omitted by the finance act, 1987, w.e.f. 1-4-1988. original section was inserted by the finance (no.2) act, 1967, w.e.f. 1-4-1968 in .....

D.R. Industries Ltd. and anr. Vs. Union of India (Uoi) and 3 ors.

Court : Gujarat

Reported in : 2008(127)ECC61; 2008(153)LC61(Gujarat); 2008(229)ELT24(Guj)

..... authority, suo motu power of initiation of appeal conferred on the commissioner under section 35e(3) of the act is also to be exercised within a period of three months. this period was earlier one year, but is now reduced to three months by finance act, 2007 - that is - within three months from the date of ..... excise matters somewhat similar to the set up on the direct taxes side and the demand had been endorsed by the estimate committee of parliament. accordingly, finance act, 1980 provided for setting up an appellant tribunal to hear appeals in respect of customs, central excise and gold control matters independent of the executive machinery ..... commissioner (appeals)'. however, by finance act, 2001, in case of commissioner (appeals) the period of limitation was curtailed from three months to 60 days and the period for condoning delay was curtailed from a further period of three months to a further period of 30 days. sub-section (4a) inserted in section 35a relating to procedure in .....

Commissioner of Income-tax Vs. Zippers India

Court : Gujarat

Reported in : (2006)203CTR(Guj)52; [2006]284ITR142(Guj)

..... fact that the court does not propose to disturb the order of the tribunal the matter is taken up and disposed of finally.6. section 37(3a) of the act was introduced initially by finance act,1978 with effect from 01/04/1979 and came to be deleted with effect from 01/04/1981. thereafter, once again the provisions were ..... from 01/04/1984 and were omitted with effect from 01/04/1986 by finance act,1985. therefore, the provisions were operative for assessment years 1979-80 and 1980-81 and thereafter for assessment years 1984-85 and 1985-86. 7. section 37(3a) of the act provides that where the expenditure or, as the case may be, the aggregate ..... taxpayers on fashion shows, beauty contests, consumer contests, consumer gift offers, and free samples or gifts will fall within the ambit of new sub-section (3a) of section 37 of the income-tax act'14. applying the aforesaid principles to the facts concurrently found by commissioner (appeals) and tribunal, it is apparent that the commission paid for local .....

All Gujarat Federation of Tax Consultants and ors. Vs. Central Board o ...

Court : Gujarat

Reported in : [1995]214ITR276(Guj)

..... of tax from payments to contractors and sub-contractors. section 194c was brought into existence by the finance act, 1972, with effect from april 1, 1972. various amendments have been made in that section since then up to the finance act, 1994, which are not very relevant for the present purpose. section 194c of the act reads as under : 'section 194c. (1) any person responsible for paying any sum ..... to any resident (hereafter in this section referred to as 'the contractor') for carrying out any work (including supply .....

Mahendra Rambhai Patel Vs. Controller of Estate Duty, Gujarat State

Court : Gujarat

Reported in : AIR1965Guj9; [1965]55ITR1(Guj)

..... of trust property --- from one person to another. if there is, there would be passing of property within the meaning of section 1 of the u.k. finance act, 1894, and section 5 of our act, but not otherwise.(5) applying this test it is clear that on the death of manubhai, one half share of manubhai in ..... the income to which the interest extended. this decision, therefore, clearly shows that interest in possession within the meaning of section 5 (3) of the u.k. finance act, 1894, corresponding to section 23 of our act, means beneficial interest in possession of the property, that is beneficial possession or enjoyment of the property either to the extent ..... passes on the death' might have created some difficulty if interpretation but two generations of judicial decision have imparted to that expression as occurring in section 1 of the u.k. finance act, 1894, which imposed for the first time in england the duty called 'estate duty', exact shades of meaning that could not have been originally .....

In Re: Wood Polymer Limited; in Re: Bengal Hotels Pvt. Ltd.

Court : Gujarat

Reported in : [1977]109ITR177(Guj)

..... the companies is beneficial owner of not less than 90 per cent. of the issued share capital of the other company. by section 50(1) of the finance act, 1938, it was provided that section 42 of the finance act, 1930, shall not apply unless it is shown to the satisfaction of the commissioners of inland revenue that the instrument was ..... reference was made to escoigne properties ltd. v. inland revenue commissioners [1958] ac 549 (hl). section 42 of the finance act, 1930, granted exemption to stamp duty on an instrument to which the section applied. one such instrument comprised in the section was where there was conveyance or transfer of beneficial interest in property from one company with limited liability ..... to time and at any time for such portion or portions of the holdings of the said debentures as holder thereof may think fit during the accounting years 1970-7.7 and/or 1977-78 of the transferee-company. a member of the transferor-company was given a further option on his or her desire in .....

Commissioner of Income-tax, Gujarat Vs. Arun Industries

Court : Gujarat

Reported in : [1966]61ITR241(Guj)

..... it is necessary to notice not only the position prevailing in the relevant year of account but also the position which prevailed prior to the amendment made in section 23(5) by the finance act 1956, with effect from 1st april, 1956. prior to the amendment, the position was as follows : where the firm was unregistered, the tax payable by the ..... the amendment made by the finance act, 1956, tax is payable by the registered firm itself under section 23(5)(a)(i), the revenue would be bound to grant to the registered firm exemption in respect of tax on the exempted profits. ..... liable to pay tax. that such an assessee can exist is clear from the second part of the definition of 'assessee' in section 2(2) and, as a matter of fact, prior to the amendment made by the finance act, 1956, a registered firm was such an assessee, since no tax was payable by the registered firm itself. but now after .....