Judgment Search Results Home > Cases Phrase: finance act 1970 section 16 amendment of section 80mm Court: kolkata Page 1 of about 1,322 results (0.358 seconds)

Mukul Chandra Bhattacharyya Vs. Union of India and ors.

Court : Kolkata

..... adopted by the board of directors of the bank with prior approval of government of india and reserve bank of india under section 19(1) of the banking companies (acquisition and transfer of undertakings) act, 1970. necessary notification has also been issued in govt. of india gazette on 29.9.95. the present regulations supersede all our ..... . are two different concepts and the petitioner has attempted to confuse the issue; that in view of communication dated february 19, 2002 of the ministry of finance, government of india, an employee who has not been awarded the benefit of full back wages shall not be entitled to have the period of absence counted ..... in regard to consideration of the cases of reinstated employees at the instance of order of court for the purpose of computing qualifying service for pension, the ministry of finance, govt. of india, department of economic affairs, banking division, (vide their communication dated 19.02.2002) had clarified to all public sector banks, that in case .....

Birla Vidhya Vihar Trust Vs. Commissioner of Income-tax, Central I

Court : Kolkata

Reported in : (1981)24CTR(Cal)307,[1982]136ITR445(Cal)

..... , 'the income of the previous year of any person' with the purpose of the introduction of sub-section (22a) in section 10 by the finance act, 1970, as explained. in this case the tribunal had emphasised that the trust, which is the assessee, had its objects in the trust deed--objects other ..... 22) any income of a university or other educational institution, existing solely for educational purposes and not for purposes of profit.' 13. sub-section (20a), which was introduced by the finance act of 1970, along with sub-section (22a) are as follows :'(20a) any income of an authority constituted in india by or under any law enacted either for the purpose ..... of a hospital or institution for the reception and treatment of persons. sub-section (22a) along with sub-section (20a) was introduced by the finance act of 1970, and in clause (4), which sought to amend section 10 of the i.t. act, it was explained in the memo of the finance-bill, 1970, as follows :'sub-clause (a) seeks to insert a new clause .....

Board of Trustees for the Improvement of Calcutta Vs. Calcutta Improve ...

Court : Kolkata

Reported in : AIR1975Cal87

..... trust which is a public body functioning for public benefit. section 23 of the land acquisition act is therefore preferred to be amended by omitting sub-section (2) (clause 70 (c)). this is in conformity with other acts and also the recommendation of the local finance enquiry committee.'the above statement clearly indicates that the relevant ..... contended firstly that the award under consideration was made by the tribunal on august 11. 1970 while by the amendment act, xxxii of 1955 which came into force from october 20, 1955, section 23(2) of the land acquisition act was deemed to be omitted therefrom and was not to be taken into consideration in making ..... look into the statement of objects and reasons of the relevant amendment act for incorporating the above provision in the c. i. act. such investigation is permissible in law as observed in jullundur rubber goods manufacturers' association v. union of india, : [1970]2scr68 in following words:'although it may not be permissible to take .....

Asstt. Commissioner of Income Tax Vs. Poddar Projects Ltd.

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (2005)92ITD468(Kol.)

..... 's income under the head "income from house property". the assessee's this claim was rejected by the a.o. in view of the amended provisions of section 32(2) amended by the finance act, 1996 by observing and saying that the unabsorbed depreciation pertaining to the assessment years 1995-96 and 1996-97 cannot be set off against income under any head ..... . the new sub-section (2) of section 32 as substituted by the finance act, 2001 w.e.f. 1.4.2002 has restored the sub-section (2) of section 32 as it stood in the assessment year 1996-97, in other words, the restrictions imposed by the ..... (2(iii) as substituted w.e.f. 1.4.97. in this context, it may be observed that amended section 32(2) as substituted by the finance (no. 2) act, 1996 (w.e.f. 1.4.1997) has been substituted by the finance act, 2001, w.e.f. 1.4.2002 and status quo ante has been restored with effect from a.y. 2002-2003 .....

Commissioner of Income-tax Vs. Calcutta Steel Co. Ltd.

Court : Kolkata

Reported in : (1985)48CTR(Cal)146,[1985]153ITR488(Cal)

..... may be that there being no export and profits in respect of import entitlements, the assessee was not entitled to deduction of tax as contemplated under section 2(5)(a)(i) of the finance act, 1965. in this case also, two views are conceivable as regards the interpretation of the expression 'sale proceeds' or 'turnover'. one view is ..... to 'referable to exports.'.10. the gujarat high court in the case of ahmedabad . v. cit : [1982]137itr616(guj) , construed the provisions of section 2(5)(a) of the finance act, 1964, regarding the profits derived from exports and held that cash subsidy or allowance given on export of goods is directly connected with the export of goods ..... v. wheel and rim company of india ltd. : [1977]107itr168(mad) , the question before the madras high court was whether under the provisions of section 2(5)(a) of the finance act, 1966, the cash subsidy and the income derived from the sale of import entitlements would form part of the profits and gains derived from the export .....

Commissioner of Income-tax Vs. Indian Molasses Co. (P.) Ltd.

Court : Kolkata

Reported in : (1989)77CTR(Cal)112,[1989]176ITR473(Cal)

..... stood omitted with effect from april 1, 1969, and explanation 1 remains attached to clause (c). by the said finance act, section 40(a)(v) was inserted with effect from 1st april, 1969. section 40(a)(v), as introduced by the finance act of 1968, is as follows :'(a) in the case of any assessee ... (v) any expenditure which results ..... the contentions of the parties, it is necessary for us to set outthe legislative history of section 40(c), section 40(a)(v) and section 40a(5).6. section 40(c)(iii) was introduced by section 6 of the finance act,1963, with effect from april 1, 1963. section 40(c) as it stood after the insertion of clause (iii) is as follows :'( ..... his employment after the aforesaid date.'8. the proviso and the explanations to the aforesaid clause are not however reproduced.9. by the finance act of 1965, the second proviso was inserted in section 40(c)(iii) which runs as follows :'provided further that nothing in this sub-clause shall apply to any expenditure which results directly .....

Ramanlal Madanlal Vs. Commercial Tax Officer and ors.

Court : Kolkata

Reported in : [1980]46STC35(Cal)

..... the purpose of assessment or reassessment of sales tax for the period in question. it is further contended that declarations made under the provisions of section 68 of the finance act, 1965, and the proceedings thereunder are confidential and no public servant including the commissioner of income-tax before whom the declaration might be made would ..... income so disclosed related to a period prior to 1961. the disclosures were duly accepted by the commissioner of income-tax and a certificate under section 68(7) of the finance act, 1965, has been given to the partners and taxes on such disclosures have been paid.14. the petitioner contends that the said notice dated ..... on 31st may, 1965, the partners of the petitioner made voluntary disclosure of their undisclosed income which they had earned in their individual capacity under section 68 of the finance act, 1965. the petitioner's case is that the particulars of the amounts disclosed were not available and that the said amounts had been earned .....

Shri Anil Kumar Dutta and ors. Vs. Additional Member, Board of Revenue

Court : Kolkata

Reported in : [1967]20STC528(Cal)

..... and vital defects in the declaration in form xxiv furnished to justify disallowance of the deduction claimed under section 5(2)(a)(ii) of the bengal finance (sales tax) act, 1941, in respect of sales of rs. 11,937-2-0 made to messrs rabindra & company ;(ix) whether there are admissible ..... and vital defects in the declaration in form xxiv furnished to justify disallowance of the deduction claimed under section 5(2)(a)(ii) of the bengal finance (sales tax) act, 1941, in respect of sales of rs. 11,195-3-0 made to messrs lakhi stores;(viii) whether there are admissible evidence ..... vi) whether there are admissible evidence and vital defects in the declaration in form xxiv furnished to justify disallowance of the deduction claimed under section 5(2)(a)(ii) of the bengal finance (sales tax) act, 1941, in respect of sales of rs. 6,391-12-0 made to messrs biswanath choudhury;(vii) whether there are admissible evidence .....

Commissioner of Income-tax Vs. Deoria Sugar Mills Ltd.

Court : Kolkata

Reported in : [1971]80ITR408(Cal)

..... to tax independent of the passing of the finance act but until the finance act is passed no tax can be actually levied.'15. the close connection between the income-tax act and finance act is further evident from the provisions of section 294 of the income-tax act of 1961 corresponding to section 67b of the act of 1922. section 294 runs thus :'if on the 1st ..... super-tax is levied only on the total income of the previous year; that levy is authorised by section 55 of the income-tax act : and the rate is authorised by part ii-d of the first schedule to the finance act of 1956. the madras high court is of the view that it is within the competence of the ..... day of april in any assessment year provision has not yet been made by a central act for the charging of income-tax .....

Jagatdal Jute and Industries Ltd. Vs. Dy. Cit

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (2004)1SOT210(Kol.)

..... paid before due date for furnishing the return of income for the year, is unsustainable in law particularly in view of amendments, introduced by finance act, 2003 in section 43b of income tax act, 1961, which are to be treated as having retrospective effect covering the year under consideration in view of principles laid down by honble supreme ..... decisions of the aforesaid coordinate benches, we are, therefore, of the considered opinion that the amendment brought by the finance act, 2003 in the 1st proviso to section 43b of the act and consequential omission of 2nd proviso to section 43b is to be treated as retrospective in operation, and consequently, any sum payable by the assessee as an ..... incurred and evidence of such payment is furnished by the assessee along with such return. on reading the 1st proviso to section 43b of the act, as it stood prior to the amendment made by the finance act, 2003, with effect from 1-4-2004, it is clear that this proviso was applicable only to the sums .....