Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Court: karnataka Page 1 of about 1,458 results (0.139 seconds)

Bangalore Turf Club Limited Vs. Union of India

Court : Karnataka

..... contained in chapter xvii-b of the act dealing with tax deduction at source and at no point of time the issue had ever been raised by the department. they also contended that section 194bb of the act which relates to deduction of tax at source (tds) for winnings from horse races was inserted by finance act, 1978 and with ..... binding on all the authorities administering the tax department. the above referred circular which is in the nature of explanatory notes on the provisions relating to the finance act, 1978 cannot be held or construed as one not binding on the department inasmuch as, it is in pursuance of the said circular the stake money is not considered ..... of owning and maintaining horses and cannot be treated as winnings from horse races . 7.2. he further draws the attention of the court to the finance act, 1978 whereunder section 194bb was introduced to entail deduction of tax at source 30 specifically on winnings from horse races and draws the attention of this court to explanatory .....

Bangalore Turf Club Ltd. Vs. Union of India

Court : Karnataka

..... contained in chapter xvii-b of the act dealing with tax deduction at source and at no point of time the issue had ever been raised by the department. they also contended that section 194bb of the act which relates to deduction of tax at source (tds) for "winnings from horse races" was inserted by finance act, 1978 and with ..... binding on all the authorities administering the tax department. the above referred circular which is in the nature of explanatory notes on the provisions relating to the finance act, 1978 cannot be held or construed as one not binding on the department inasmuch as, it is in pursuance of the said circular the stake money is not considered ..... of owning and maintaining horses and cannot be treated as "winnings from horse races". 7.2 he further draws the attention of the court to the finance act, 1978 whereunder section 194bb was introduced to entail deduction of tax at source specifically on "winnings from horse races" and draws the attention of this court to explanatory .....

The Director of Income Tax Exemptions Vs. Al-Ameen Charitable Fund Tru ...

Court : Karnataka

..... reasoning. as such, the arguments advanced by the revenue apprehending double deduction is totally misconceived.21. section 11[6]. inserted with effect from 1.4.2015 by finance act no.2/2014, reads as under: or set (6) apart in this section where any income is required to be applied or accumulated for application, then, ..... institutions12 on the other hand, learned counsel appearing for the assessee sri.a.shankar would contend that chapter iii of the act and chapter iv of the act play in different fields. sections 11 to 13(b) covered under chapter iii of the act, governs the manner of computation of total income and exemption by charitable trusts. sections 14 to ..... court in the case of escorts ltd., [supra]. is distinguishable and as such is not applicable to the charitable trusts where income is to be computed under chapter iii of the act. accordingly, the judgment of lissie medical institutions [supra]. based on escorts ltd., [supra]., is not applicable to the facts of the present case.20. .....

The Director of Income-tax Exemptions and Another Vs. Al-Ameen Charita ...

Court : Karnataka

..... said reasoning. as such, the arguments advanced by the revenue apprehending double deduction is totally misconceived. 21. section 11[6] inserted with effect from 1.4.2015 by finance act no.2/2014, reads as under: (6) in this section where any income is required to be applied or accumulated or set apart for application, then, for ..... 12. on the other hand, learned counsel appearing for the assessee sri.a.shankar would contend that chapter iii of the act and chapter iv of the act play in different fields. sections 11 to 13(b) covered under chapter iii of the act, governs the manner of computation of total income and exemption by charitable trusts. sections 14 to 59 ..... court in the case of escorts ltd., [supra] is distinguishable and as such is not applicable to the charitable trusts where income is to be computed under chapter iii of the act. accordingly, the judgment of lissie medical institutions [supra] based on escorts ltd., [supra], is not applicable to the facts of the present case. 20. .....

M/S T T K Prestige Ltd Vs. The Union of India Reptd by Its Finance Sec ...

Court : Karnataka

..... day, the court made the following: order in these petitions, petitioners have prayed for striking down the provisions of chapter xii - h inserted in the income tax act, 1961 (for short act, 1961) by the finance act, 2005 (for short act, 2005) w.e.f. 1.4.2005 on the score that it is offending the provisions of article 14 ..... dilip m., advs for r2) this writ petition is filed under articles226and227of constitution of india praying to strike down the provisions of chapter xii-h inserted in the income tax act, 1961 by the finance act, 2005 with effect from14.2005 as offending the provisions of article14of the constitution of india and as being beyond the legislative competence of ..... employer on the value of such benefits provided or deemed to have been provided to the employee. chapter xii h reads as under:2. chapter xii- h was inserted into the act with effect from 1.4.2005 by the finance act of 2005. it provides for the levy of additional income tax called fringe benefit tax (hereinafter referred .....

Karnataka Food Packers Vs. Regional Director, Esi

Court : Karnataka

Reported in : ILR1990KAR4364

..... to be conferred on them. chapter ii of the act deals with the corporation, standing committee and medical benefit council and their constitution; chapter iii deals with the problem of finance and audit; chapter iv make provisions for contribution both by the employees and the employer, and chapter v prescribes the benefits which ..... have to be conferred on the workmen; it also gives general provisions in respect of those benefits. chapter ..... this, it does not follow that this ruling is an authority for holding that there must be an element of quid pro quo. chapter va of the act consisted of transitory provision. that ceased to have effect from 1st july, 1973. in dealing with the liability of employers to make .....

Dr. Ishwarappa Shivaputrappa Katageri Vs. State Of Karnataka

Court : Karnataka Dharwad

..... the state govt. to make annual grants to the universities, subject to they being accountable to the govt. section 43 provides for the formation of finance committee which inter alia comprises of principal secretary to the - 19 - wa no.100030 of 2022 c/w wa no.100076 of2022finance department and the ..... for the govt. to play.4. as to mediate interference of government through its officers: (a) under this act, half a dozen farm universities have been established in the state, is not in dispute. chapter iii of the act enlists five principal authorities of whom three are relevant viz, (i) board of management, (ii) academic council ..... , & (iii) research council. these are statutory bodies. section 12(1) speaks of composition of bom: four principal secretaries each heading their respective departments, i.e., agriculture, finance, environment & forest .....

The University Of Agricultural Sciences Vs. State Of Karnataka

Court : Karnataka Dharwad

..... the state govt. to make annual grants to the universities, subject to they being accountable to the govt. section 43 provides for the formation of finance committee which inter alia comprises of principal secretary to the - 19 - wa no.100030 of 2022 c/w wa no.100076 of2022finance department and the ..... for the govt. to play.4. as to mediate interference of government through its officers: (a) under this act, half a dozen farm universities have been established in the state, is not in dispute. chapter iii of the act enlists five principal authorities of whom three are relevant viz, (i) board of management, (ii) academic council ..... , & (iii) research council. these are statutory bodies. section 12(1) speaks of composition of bom: four principal secretaries each heading their respective departments, i.e., agriculture, finance, environment & forest .....

Karnataka State Financial Corporation Vs. Commissioner of Income-tax

Court : Karnataka

Reported in : [1988]174ITR206(KAR); [1988]174ITR206(Karn)

..... under section 36(1)(viii) at 40% of the total income before allowing deduction under chapter vi-a and not under section 36(1) of the income-tax act. this point has been clarified by the central board of direct taxes in a letter to the ministry of finance, department of banking in their letter f. no. 204/35/73/ita ii dated ..... of the view that the construction placed by the tribunal on the provision with due regard to the scheme and object of the act and its language is sound and correct. 15. section 10 of the finance act of 1985 (central act no. 32 of 1985) ('1985 act'), accepting the very case urged by the assessee, has suitably amended section 36(1)(viii) of the ..... . (as his lordship then was) and s. k. jha j. examining the scope and ambit of section 36(1)(viii) as it stood prior to its amendment by the finance (no. 2) act of 1967, set out at pages 521 and 522 of that report, accepted a similar claim of the assessee. in reaching that conclusion, the court also relied on the .....

M/s. Lakshminirman Bangalore Pvt. Ltd., Rep. by its Managing Director ...

Court : Karnataka

..... of india. these writ petitions are filed under articles 226 and 227 of constitution of india praying to declare the newly inserted sec.234e of the it act, by the finance act, 2012 as unconstitutional being arbitrary, discriminatory and unreasonable, the relevant extract of section 234e is enclosed as annexure-a. these writ petitions are filed under ..... the tds statements, fee is sought to be recovered under section 234e, it is levy of penalty in disguise though the impugned section is included under chapter xvii of the act. (f) section 271h provides for penalties imposable and if the delay in filing tds statements is beyond one year, then both sections 234e and ..... in the prescribed manner for general information; duty of person deducting tax.- 200. (1) any person deducting any sum in accordance with [the foregoing provisions of this chapter] shall pay within the prescribed time, the sum so deducted to the credit of the central government or as the board directs. (2) any person being an .....