Judgment Search Results Home > Cases Phrase: finance act 1970 section 16 amendment of section 80mm Sorted by: old Page 1 of about 30,126 results (0.511 seconds)

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 .....

Commissioner of Wealth-tax Vs. Smt. V. Pathummabi

Court : Kerala

Reported in : [1977]108ITR689(Ker)

..... rate, the law that obtained at the time the return was filed which in this case was on march 30, 1970, after the date of the amendment introduced by the finance act of 1969. it was, therefore, contended that section 18(1)(i) as it was amended by the finance act, 1969, must be applied for the entire periods from july 1, 1964, to march 30 ..... , 1970, for the year 1964-65 and from july 1, 1965, to march 30, 1970, for the year 1965-66 and the ..... its amendment by the finance act, 1969 ?'2. the returns for the two years 1964-65 and 1965-66 should have been filed by the assessee on or before june 30, 1964, and june 30, 1965, respectively. admittedly, this had not been done. the returns for the two years were filed only on march 30, 1970.3. originally section 18(1) of the .....

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

..... substituted by section 24 of the finance act, 1969 '67. wealth-tax reference no. 3 of 1975 : this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of the act. the assessment was made on october 31, 1970. the wto ..... substituted by section 24 of the finance act, 1969?' 9. wealth-tax reference no. 3/75.10. this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of the act. the assessment was made on october 31, 1970. the w .....

T. K. Roy Vs. Commissioner of Wealth-tax. S. Karam Singh V. Commission ...

Court : Guwahati

..... ), as substituted by section 24 of the finance act, 11969 ?"wealth-tax reference no. 3/75.this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of the act. the assessment was made on october 31, 1970. the w.t ..... ) as substituted by section 24 of the finance act, 1969 ?" wealth-tax reference no. 3 of 1975 :this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of the act. the assessment was made on october 31, 1970. the wto .....

T.K. Roy, Vs. Commissioner of Wealth-tax

Court : Guwahati

..... substituted by section 24 of the finance act, 1969 '67. wealth-tax reference no. 3 of 1975 :this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of the act. the assessment was made on october 31, 1970. the wto ..... substituted by section 24 of the finance act, 1969?' 9. wealth-tax reference no. 3/75.10. this reference relates only to the assessment year 1968-69. in this case also no return was filed under section 14(1) of the act or a return in spite of service of notice under section 14(2) of the act. the assessment was made on october 31, 1970. the w .....

Commissioner of Wealth-tax, Tamil Nadu-v Vs. Kamala Ganapathi Subraman ...

Court : Chennai

Reported in : (1980)19CTR(Mad)209; [1981]127ITR175(Mad)

..... was concerned jewellery was excluded from the exempted list of wealth with effect from april 1, 1963. that is what has been sought to be done by section 32 of the finance (no 2) act of 1971, by inserting the words, 'but not including jewellery' after the words, articles intended for the personal or household use of the assessee' with effect ..... , a debatable point, it was held that there was no mistake apparent from the record, and that the aac had no jurisdiction to rectify the original order dated june 26, 1970. 17. in the course of the judgment, reference was made to the decision of the supreme court in m. k. venkatachalam, ito v. bombay dyeing and . : [1958]34itr143( ..... the tribunal and came to the conclusion that there was no rectifiable error. 8. against this order of the aac refusing to rectify his earlier order dated april 30, 1970, the wto filed appeals before the tribunal. the tribunal relying on two decisions, one of the bombay high court and the other of the gujarat high court to .....

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 .....

B.S. Jayachandra Vs. Income-tax Officer and anr.

Court : Karnataka

Reported in : (1986)54CTR(Kar)342; ILR1987KAR1088; [1986]161ITR190(KAR); [1986]161ITR190(Karn)

..... the gains relate to lands and buildings and 35% where they relate to other assets. 30. prior to the amendment made by the finance act, 1970, the definition of the term 'capital asset' in section 2(14) of the income-tax act, 1961, excluded from its scope, inter alia, agricultural land in india. accordingly, no liability to tax arose on gains derived from transfer of ..... those references, the petitioner has moved this court on march 12, 1981, under article 226 of the constitution challenging the validity of section 2(14)(iii) of the act inserted by section 3 of the finance act of 1970 (central act no. 19 of 1970) (the finance act), on the sole ground that the same was beyond the legislative competence of the union parliament. 5. the respondents have resisted the .....

Rajapalayam Mills Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1986)18ITD114(Mad.)

..... laws (amendment) act, 1970 regarding section 32 (1 a)-[1971] 79 itr (st.) 5.(2) the direct taxes (amendment) act, 1974 regarding section 32-[1974] 95 itr (st.) 153. (3) the finance act, 1975, regarding the proviso to section 32(1)(ii) - [1975] 99 itr (st.) 137. (4) the finance (no. 2) act, 1980, specifying a date with regard to section 32(1)(iia)-[ ..... -3-1970. the second was the insertion of clause (vi) in sub- section (1) of section 32 by section 3 of the direct taxes (amendment) act, 1974 giving additional depreciation on plant and machinery acquired after 31-5-1974. the third is the insertion of clause (iia) in sub- section (1) of section 32 by the finance (no. 2) act, 1980 ..... argued that apart from the specification of the periods, the taxation laws (amendment) act, 1970 and the finance (no. 2) act, 1980 also specified the dates on which they came into force, namely, 1-4-1971 and 1-4-1981 (by the finance act, 1980) and, therefore, they became prospective changes.35. it may be pointed out .....

The Bank of India Officers' Association (South Zone), represented by I ...

Court : Chennai

Reported in : (1991)1MLJ119

..... -1986.3. the facts lie within a narrow campass. in exercise of its powers conferred under section 9 of the banking companies (acquisition and transfer of undertaking) act, 1970 (central act, 1970), hereinafter referred to as the 'act', the union of india, framed the nationalised banks (management and miscellaneous provisions) scheme, 1970, hereinafter referred to as the 'scheme'. clause 3(c) of the scheme provides for the ..... in w.m.p. no. 11860 of 1986.to issue a writ in the nature of mandamus directing the second respondent - union of india, represented by the secretary, ministry of finance, department of banking, new delhi to appoint after consultation with the reserve bank under clause 3(iii)(c) of the nationalised banks (management and miscellaneous provisions) scheme .....