Judgment Search Results Home > Cases Phrase: finance act 1970 section 16 amendment of section 80mm Court: punjab and haryana Page 9 of about 1,004 results (0.254 seconds)

Cit Vs. Export House

Court : Punjab and Haryana

Reported in : (2002)175CTR(P& H)137

..... or not. this has not been done. sub-clause (iii) of section 35b(1)(b) as originally enacted by the finance act, 1968, was as under :'(iii) distribution, supply or provision outside india of such goods, services or facilities.'however, vide section 8 of the finance act, 1970, the following words and brackets were added at the end of this clause ..... bench) of the tribunal in the presence of the decision of a special bench holding a different view which could give jurisdiction to the commissioner to act under section 263 of the act ?2. whether, on the facts and in the circumstances of the case, the tribunal was right in holding that the judgment of a special ..... ltd. (supra), the controversy was whether the tribunal was justified in allowing weighted deduction in respect of various items of expenditure, the supreme court interpreted section 35b of the act and held (at p. 175) :'in order to get this deduction, the assessee will have to prove that the expenditure was incurred during the previous .....

Kansal Woollen and Hosiery Mills (P) Ltd. Vs. Commissioner of Income T ...

Court : Punjab and Haryana

Reported in : [1999]237ITR93(P& H)

..... , subscription, free samples, export promotion, mfhc commission and weep commission under sub-cl. (ix) of cl. (b) of sub-s. (1) of s. 35b added by the finance act, 1980 w.e.f. 1st april, 1981 r/w r. 6aa inserted by the it (8th amendment) rules, 1981 w.e.f. 1st august, 1981 2. whether, on the ..... was claimed in respect of the expenditures on samples designing, quality control, inspection, advertisement, foreign tours, etc. keeping in view the amendment made in s. 35b by finance (no. 2) act, 1980 w.e.f. 1st april, 1981, the ao allowed deduction only in respect of the expenditure on foreign tours amounting to rs. 1,45,725. thus, ..... two questions, as reproduced above, referred to this court at the instance of the assessee relate to the expenditure by the assessee on sample designing. 6. sec. 35b of the act permits the benefit of export markets development allowance to a company on certain specified expenditures incurred on the distribution, supply or provisions outside india of the goods, .....

Ram Gopal and Others Vs. Commissioner of Income-tax, Delhi, and Anothe ...

Court : Punjab and Haryana

Reported in : [1963]50ITR537(P& H)

..... , therefore, there is now no period of limitation for refund and he can claim the refund at any time. this argument would have considerable force but for section 13 of the finance act, 1950. section 13 of the finance act is in these terms :'13. if immediately before the 1st day of april, 1950, there is in force in any part b state other than jammu ..... the 1st day of april, 1950, there is in force in any state other than jammu and kashmir a law corresponding to but other than, and act referred to in sub-section (1) or (2) of section 11, such law is hereby repealed with effect from the said date; and if immediately before the said date there is in force in the state ..... to become refundable to the assessee after two years from its deposit, that is, this amount became refundable on the 7th of may, 1950, and according to sections 43 and 44 of the jaipur act an application for refund had to be made within a period of six months. in the present case the application was made on the 18th of december .....

KANSAL WOOLLEN and HOSiERY MiLLS'M LTD. Vs. COMMiSSiONER OF INCOME TAX ...

Court : Punjab and Haryana

Reported in : (1999)153CTR(P& H)319

..... commission under sub-cl. (ix) of cl. (b) of sub-s. (1) of s. 35b added by the kansal wooden & hosiery mius (p) ltd. vs. cit (p&h;)finance act, 1980 w.e.f. lst april, 1981 r/w r. 6aa inserted by the it (8th amendment) rules, 1981 w.e.f. lst aug., 1981?2. whether, on the facts ..... deduction was claimed in respect of the expenditures on samples designing, quality control, inspection, advertisement, foreign tours, etc. keeping in view the amendment made in s. 35b by finance (no. 2) act, 1980 w.e.f. 1st april, 1981, the ao allowed deduction only in respect of the expenditure on foreign tours amounting to rs. 1,45,725. thus, the ..... the two questions, as reproduced above, referred to this court at the instance of the assessee relate to the expenditure by the assessed on sample designing.6. sec. 35b of the act permits the benefit of export markets development allowance to a company on certain specified expenditures incurred on the distribution, supply or provisions outside india of the goods, services .....

Present: Ms. Ranjana Shahi Advocate Vs. M/S Doeacc Centre

Court : Punjab and Haryana

..... as assessing authority vide its order dated 18.07.2008 confirmed the demand of interest on the delayed payment at appropriate rate under section 75 of the finance act, 1994 as well as penalty under section 76 and 77 of the finance act, 1994. in appeal, the learned tribunal accepted the appeal of the assessee. challenge in the appeal by the assessee before the tribunal was ..... 'ble mr.justice hemant gupta hon'ble ms.justice ritu bahri present: ms.ranjana shahi, advocate for the appellant. hemant gupta, j. the present appeal under section 35g of the central excise act, 1994 (for short 'the act') arises out of an order passed by customs.excise and service tax appellate tribunal, new delhi on 18.01.2012 (for short 'the tribunal') (annexure .....

P.M.S. Diesels Vs. Commissioner of Income-tax-2, Jalandhar

Court : Punjab and Haryana

..... , concerned with the first proviso prior to its substitution for this case relates to the assessment year 2005-06. prior to its substitution, the proviso substituted by the finance act, 2008 with retrospective effect from 1st april, 2005, read as under: "provided that where in respect of any such sum, tax has been deducted in any subsequent ..... his submission that disallowances contemplated under section 40(a)(ia) are to be restricted to the amounts payable, to wit, the amounts still to be paid to the contracting party mr. sood relied upon the first proviso. the first proviso, as it stood at the relevant time, was amended by the finance act, 2010 with effect from ist ..... the payment. 25. the government has nothing to do with the dispute between the assessee and the payee such as a contractor. the provisions of the act including section 40 and the provisions of chapter xvii do not entitle the tax authorities to adjudicate the liability of an assessee to make payment to the payee/other .....

Commissioner of Income-tax Vs. Ashoka Dairy

Court : Punjab and Haryana

Reported in : (2006)200CTR(P& H)211; [2005]279ITR32(P& H)

..... specified date and/or filing thereof along with the return.8. in cit v. mussadilal ram bharose : [1987]165itr14(sc) , the supreme court interpreted section 271(1)(c) of the act together with the explanation added by the finance act, 1964 and held (headnote):'where the total income returned by the assessee is less than 80 per cent. of the total income as assessed ..... stringent penal interest for the period of such delay. at any rate, whatever lacuna was there in the provisions of section 44ab or section 271b has since been plugged by the legislature by virtue of amendments made in sections 44ab and 271b by the finance act, 1995. a further obligation has been cast on an assessee who is required to obtain the accounts audited under .....

Parkash Agro Industries Vs. Dy. Cit

Court : Punjab and Haryana

Reported in : [2009]316ITR149(P& H)

..... words 'one and one-fourth per cent' shall be substituted with effect from the1-6-2001 (this clause (b) is not part of explanation but section 79 of the finance act, 2001-ed.)the said explanation was subject-matter of challenge before this court in raj kumar singal's case (supra) where the division bench while upholding ..... ) .5. mr. yogesh putney, the learned counsel for the revenue drew our attention to explanation to section 234b of the act. according to the learned counsel, the aforesaid explanation 1 to section 234b of the act has been amended by the finance act, 2001 with retrospective effect from 1-4-1989 and the vires of the same stands upheld by this ..... in its return and not on the assessed income. explanation 1 to section 234b of the act was amended by the finance act, 2001. it reads thus:explanation i.-in this section, 'assessed tax' means the tax on the total income determined under sub-section (1) of section 143 or on regular assessment as reduced by the amount of tax deducted .....

Commissioner of Income-tax Vs. Gurcharan Singh and Sons

Court : Punjab and Haryana

Reported in : [1998]234ITR214(P& H)

..... in items (a) and (b) of section 2(14)(iii). in order to qualify for such exemption, it is not enough that the land was once agricultural land. it must be agricultural land even at the time of sale or transfer. by the finance act, 1970, with effect from the assessment year 1970-71, certain specified lands situate in urban areas ..... the land, that is, by conversion of the land into cash. the resultant income is not agricultural income. the explanation inserted in section 2(1a) by the finance act, 1989, with effect from april 1, 1970, makes the position clear when it declares that revenue derived from land shall not include and shall be deemed never to have included any ..... taken by the bombay high court in manubhai a. sheth's case : [1981]128itr87(bom) and held that the explanation inserted in section 2(1a) by the finance act, 1989, with effect from april 1, 1970, has brought about a change in the law and after that date the sale made of certain specified agricultural lands situated in the .....

Porritts and Spencer (Asia) Ltd. Vs. Commissioner of Income-tax

Court : Punjab and Haryana

Reported in : (1989)79CTR(P& H)109; [1989]180ITR211(P& H)

..... may be treated as being new for purposes of grant of development rebate under section 33, subject to the conditions mentioned therein. obviously, the decision contained in the circular was arrived at before the finance act of 1964, i.e., before the insertion of section 33(1a), whereunder on buying used machinery and plant also, development rebate has ..... , 1964, the matter of granting development rebate under section 33(1)(a) arose before the central board of direct taxes ..... talks of new machinery or plant. in the 1922 act, there was no parallel provision for allowing development rebate for acquiring used machinery or plant and such a provision was inserted in the act by the finance act of 1964 with effect from april 1,1964.it appears that before section 33(1a) was inserted with effect from april 1 .....