Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Court: chennai Page 1 of about 941 results (1.226 seconds)

Commissioner of Income-tax Vs. M.K. Raju Consultants (P.) Ltd.

Court : Chennai

Reported in : [1999]239ITR232(Mad)

..... total income' is defined as meaning the total income computed in accordance with the provisions of the act before making any deduction under chapter-vi-a or under section 80o of the act. by the finance (no. 2) act of 1980, sections 80aa and 80ab were introduced. section 80aa deals with the manner of computation of deduction under section 80m, while ..... subjected to tax in that year, directed the assessing officer to permit carry forward of all the losses and unabsorbed depreciation for the assessment years 1977-78 and 1978-79.3. learned counsel for the revenue submitted that the tribunal has clearly erred in law in holding that the expenses relating to the earning of the fees ..... by it by way of fees from abroad, from its gross total income, and, therefore, of the amount of loss and unabsorbed depreciation for 1977-78 and 1978-79 and carry forward of the unabsorbed depreciation. the income-tax officer negatived the claim so made. the commissioner of income-tax on appeal and the income-tax .....

Assistant Collector of Customs (imports) Vs. Sundaram Textiles

Court : Chennai

Reported in : 1990(25)ECC392; 1989(25)LC470(Madras); 1989(44)ELT464(Mad)

..... 6 and 7 granted full exemption of customs leviable under chapter 38 [this should read 'chapter 56'.] of the first schedule of the customs tariff act, and also the auxiliary duty of 20 per cent leviable under section 32 [this should read 'section 35(4)'.] of the finance act, while 2 notification no. 8, an additional duty ..... , had been periodically extended and was also in force upto and inclusive of 31-12-1978. the next series of exemption notifications are issued only on 5-1-1979 as notification nos. 6, 7 ..... chapter 56 of the first schedule of the customs tariff act, 1975 and the whole of the additional duty leviable under section 3 of the act, had been periodically extended and was in force upto and inclusive of 31-12-1978. similarly, notification no. 385 dated 23-7-1976, granting exemptions from the auxiliary duty of customs leviable under section 32(1) of the finance act .....

Lason India Pvt. Ltd. (Formerly Vs. the Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2008)301ITR306(Chennai)

..... for any assessment year, its profits and gains had not been included by application of the provisions of this section as it stood immediately before its substitution by the finance act, 2000, the undertaking shall be entitled to the deduction referred to in this sub-section only for the unexpired period of aforesaid ten consecutive assessment years. provided ..... by an undertaking from the export of such articles or things or computer software: the section has clearly employed the expression "deduction" though section 10b is contained in chapter iii which deals with the incomes which do not form part of total income, but still at least after 01.04.2003 this provision would amount to deduction only ..... allowed as deduction which means whole of income is not exempt and therefore the same cannot be treated as exempt. the mere fact that section 10b is contained in chapter iii will not make much difference as hon'ble supreme court in the case of prakash nath khanna and anr. v. cit 266 itr 1 (sc) has .....

The Life Insurance Corporation of India, Southern Zonal Office, L.i.C. ...

Court : Chennai

Reported in : 2000(3)CTC93; [2000]245ITR224(Mad)

..... conveyance is not provided by the employer.' 6. it is seen that section 10(14) was amended by the direct tax laws (amendment) act, 1987 with effect from 1.4.89 and again by finance act 1995 with effect from 1.7.95. consequent on the aforesaid amendment, the special allowance of benefit which is eligible for relief under section ..... of the previous year. sub-section (14) deals with special allowance. the said provision was amended by direct tax laws (amendment) act, 1987 with effect from 1.4.89. there was a further amendment by finance act of 1995 with effect from 1.7.95 which, substituted the words'as may be prescribed' for the expression. 'as the central ..... from rule 2bb. according to him, the law has changed subsequent to the amendment and in the changed circumstances, the said decision cannot be invoked. 5. chapter iii of the income tax act, 1961 provides for incomes which do not form part of total income. under section 10, income falling under the clauses set out thereunder shall not be .....

Life Insurance Corporation of India Vs. Commissioner of Income Tax

Court : Chennai

Reported in : (2001)166CTR(Mad)125; [2000]111TAXMAN643(Mad)

..... is not provided by the employer;'6. it is seen that section 10(14) was amended by the direct tax laws (amendment) act, 1987 with effect from 1-4-1989 and again by the finance act, 1995 with effect from 1-7-1995. consequent on the aforesaid amendment, the special allowance on benefit which is eligible for relief under ..... income of the previous year. clause (14) deals with special allowance. the said provision was amended by direct tax laws (amendment) act, 1987 with effect from 1-4-1989. there was a further amendment by the finance act, 1995 with effect from 1-7-1995 which substituted the words :''as may be prescribed' for the expression 'as the central ..... from rule 213b. according to him, the law has changed subsequent to the amendment and in the changed circumstances, the said decision cannot be invoked.5. chapter iii of the act, provides for income which does not form part of total income. under section 10, income falling under the clause set out thereunder shall not be included in .....

Dr. Vs. Shanmughavel V. Commissioner of Central Excise

Court : Chennai

Reported in : [2002]121TAXMAN274(Mad)

..... main contention is that the registered valuers who are acknowledged as such under section 34ab would not be covered by the provisions of the finance act which came to be made applicable by section 88, chapter vi of act, 1997 for the purposes of levy and collection of service tax.3. the basic argument raised by mr. rajappa, learned counsel ..... in the instant petition, the petitioner claims a writ of prohibition or any other writ, prohibiting the respondent from invoking the provisions of section 88, chapter vi of the finance act, 1997 for the purpose of levy and collection of service tax from the members of the petitioner institute on and from 7-7-1997 in respect ..... who argued the matter on behalf of the petitioner-institute, is that the finance act does not apply to the members of the petitioner-institute at all .....

V. Krishnan Vs. M.S. Dhananjayan and Others

Court : Chennai

..... by both the plaintiff and defendant that time is essence of contract. the income tax act, 1961 has been amended in the year 1986 by finance act chapter xxc and thereby introduced section 269 ul. by virtue of section 269 ue (1) of income tax act, the central government has become the owner on 9.1.1989. under such circumstances, ..... in favour of the first plaintiff, the defendant has to obtain no objection certificate from the concerned income tax department. as per the amended provision of income tax act, 1961, the income tax department has become the owner. after obtaining no objection certificate from the income tax department, the defendant has left to america and the ..... a finding as to whether the plaintiff/respondents are always ready and willing to perform his part of contract, as required under section 16(c) of the specific relief act, must be determined, having regard to the entire attending circumstances. (iii) in cdj 2006 aphc 506, (nalamothu venkaiya (died) by lr and another v. b.s .....

Reserve Bank of India Vs. Integrated Finance Company Ltd. a Company In ...

Court : Chennai

Reported in : 2008(3)CTC705; (2008)5MLJ980

..... proposes to convert the debentures to equity shares to the bond holders and deposit holders, the company had to comply with section 81 of the act.2. the integrated finance company depositors association, an association representing the depositors and several other depositors, filed objections raising several contentions regarding the validity of the scheme. ..... between the said company and some of the creditors, namely, the deposit holders and bond holders.1.1 the company is a non-banking finance company incorporated under the act and engaged in the business of hire purchase and lease. expressing its inability to carry on its business on account of various factors, ..... the wholesome provisions contained in chapter iii-b of the rbi act. 32. learned counsel appearing for the contesting respondent has placed reliance upon a division bench decision of the kerala high court reported in vol.99 company cases 2000 page 54 (mrs. vilasini jayapraksh v. st. mary's finance ltd.) in support of the .....

M. Natarajan Vs. State Represented by Inspector of Police, Spe/Cbi/Acb

Court : Chennai

Reported in : 2006(197)ELT476(Mad)

..... accused shall be given an opportunity of being heard.6. learned counsel for the petitioner drew my attention to the various provisions of finance act 2/98 and more particularly, section 86 in chapter iv of the special enactment and also to the kar vivad samadhan scheme of 1998 (kvss) which was framed with effect from 01 ..... learned counsel for the petitioner has drawn my attention to various provisions of the finance act 2 of 1998 and the 'kvss' framed thereunder. that scheme was dealt with in chapter iv of the said act and sections 88, 90 and 91 of the said act are to be looked into. section 88, provides settlement of tax payable and ..... that the appellants were neither convicted nor criminal proceedings were pending relating to any offence under chapter ix and xvii ipc. yet the criminal proceedings were initiated, which was apparently against the very spirit of the scheme promulgated under finance act 2 of 1998.42. to mention again, offences founded upon the declaration under section 88, .....

Mediaone Global Entertainment Ltd. Vs. Chief Commissioner of Central E ...

Court : Chennai

..... distributors/ sub distributors, film exhibitors and theatre owners and not to treat the distribution or exhibition of films as a taxable service under the provisions of chapter 65 of chapter v & v(a) of finance act of 1994. w.p.no.1116 of 2012 is filed under article 226 of constitution of india praying to issue writ of certiorarified mandamus or any ..... collecting service tax from the owners and not to treat the distribution or exhibition of films as a taxable service under the provisions of section 65 of chapter v & v(a) of finance act of 1994. w.p.no.2137 of 2012 is filed under article 226 of constitution of india praying to issue writ of certiorari to call for the ..... collecting service tax from the owners and not to treat the distribution or exhibition of films as a taxable service under the provisions of section 65 of chapter v & v(a) of finance act of 1994. w.p.no.1008 of 2012 is filed under article 226 of constitution of india praying to issue writ of certiorarified mandamus to call for .....