Array ( [0] => ..... for advertisements. it is the only provision for taxation as regards which a rate is not specified or the maxima laid down by the act. chapter xvii which is the last chapter in this part is concerned with making provision for the recovery of the consolidated rate and the other taxes and for certain supplementary provisions in ..... estimates back to the standing finance committee for further consideration and resubmission within a specified time and shall- (a) ............................. (b)determine, subject to the provisions of part iv the levy of ..... the corporation to frame budget estimates of the year. sub- s. (3) on which he relied reads "(3). the budget estimates prepared by the standing finance committee shall be laid before the corporation on the 15th february or as soon as possible thereafter and the corporation shall consider the same. it may refer the ..... [1] => ..... is that it confers on the states proprio vigore, a power to tax sales when the conditions mentioned therein are satisfied. agreeably to this view, the bihar finance act, 1950 (act xvii of 1950) substituted for the words 'who carries on business of selling or buying goods in bihar' the words 'who sells or supplies any goods ..... motors case : [1953]4scr1069 . article 286 appears in part xii of the constitution relating to finance, property, contracts and suits and is in chapter i thereof relating to finance. this is mainly concerned with the problem of allocation of finances between the center and the states in order to enable each to carry on the respective governmental functions ..... ')'. 295. the language of these sections marks, it will be noticed, a wide departure from that of section 43 of the chapter act and section 65(1)(a) of the government of india act, 1915. the limitation that the legislation should be for persons or things within the territory has been removed. instead, it is enacted ..... [2] => ..... of the said amount as can be called total income attributable to activities defined in clause (5) of section 80b. section 80ab introduced into the i.t. act by the finance (no. 2) act, 1980, with effect from april 1, 1981, was adverted to by his lordship to buttress the view so taken, in that it read:where any deduction is ..... for the purpose of computing the deduction under that section, the amount of income of that nature as computed in accordance with the provisions of this act (before making any deduction under this chapter) shall alone be deemed to be the amount of income of that nature which is derived or received by the assessee and which is included in ..... required to be made or allowed under any section (except section 80m) included in this chapter under the heading 'c. deductions in respect of certain incomes'. in respect ..... [3] => ..... which the crpc, 1973 came into force. section 28 of the finance act amended section 136 of the income-tax act, and it was provided that the words 'and every income-tax authority shall be deemed to be a civil court for the purposes of section 195 but not for the purposes of chapter xxvi of the crpc, 1973', shall be inserted and shall ..... ) of the cine workers etc. (regulation of employment) act, 1981, section 37(2) of the emigration act, 1983,s.13(5) of the consumer protection act, 1986, section 14 of the sick industrial companies (special provisions) act, 1985, section 19 of the illegal migrants (determination by tribunals) act, 1983 and section 95 of the coast guard act, 1978, deeming the commissioner or the tribunal appointed under the ..... [4] => ..... activity was being carried out by the respondent is 12 plus 1 (i.e. 12 passengers and one driver). 4. indisputably, national calamity contingency fund was created by finance act, 2003 wherefor inter alia it was proposed to impose one per cent duty on motor cars and multi utility vehicles. the manufacturers of chassis in their invoices placed the ..... hand, submitted that not only the manufacturer of chassis; even the job cards produced by the respondent would clearly show that nccd was not payable. 12. chapter 87 of the act as applicable in the year 2003 contains the heading 'vehicles other than railway or tramway rolling stock and parts and accessories thereof'. sub-headings 8702.10, 8702 ..... is as to whether a maxi cab should be classified under the respective tariff heads, i.e., 87.02 to 87.05 of central excise tariff act, 1985 or under the chapter heading 87.07?15. indisputably, again nccd was imposed at the rate of one per cent advalorem on the goods falling under sub-headings 8702.10, ..... [5] => ..... of smt. sashi balasubramanian, cannot be said to have committed any offence at all.9. the parliament enacted the finance act, 1998. it came into force with effect from 29.03.1998. chapter iv of the said act provides for the 'kar vivad samadhan scheme, 1998'. it came into force with effect from the 1st day of ..... offence under chapter ix or xvii ipc or who stood convicted under any of the provisions of those chapters, he would not have been eligible to seek benefit under ..... appellants were neither convicted nor criminal proceedings were pending, relating to any offence under chapter ix or xvii ipc, yet the criminal proceedings are being prosecuted which is apparently against the very spirit of the scheme promulgated under the finance (no. 2) act of 1998. if a person against whom criminal proceedings were pending, relating to ..... [6] => ..... the electricity requirements in the state in co-ordination with various stakeholders.2.4 chapter viii of the act dealt with tariffs. it contained two sections - section 26 dealing with licencee's revenues and tariffs and section 27 dealing with finances of licencees.3. in exercise of the power under section 14(iv) of ..... for short), to discharge functions including the issue of licences in accordance with the act and determine the conditions of such licences.2.2) chapter vi of the act deals with licensing of transmission and supply. section 14(iv) of the said act authorized the state government to grant provisional licences for a period not exceeding twelve ..... the act, the state government, by notification dated 30.3.1996, issued three licences to the appellant - the provisional orissa ..... [7] => ..... i) read with fundamental rule 9(21)(a)(ii), which read thus:- ".f.r. 9: unless there be something repugnant in the subject of context the terms defined in this chapter are used in the rules in the sense here explained:- xxx xxx xxx xxx (21)(a) pay means the amount drawn monthly by a government servant as (i) the pay ..... rs. 29,500/-.2. the non practicing allowance shall count as 'pay' for all service benefits including retirement benefits as hitherto.3. this issue with the approval of ministry of finance (department of expenditure) u.o. no.7(25)e-iii a-97 dated 7.4.1998. yours faithfully, sd/- (h.n. yadav) under secretary to the government of india. ( ..... , who had retired from railways prior to 1.1.1996, challenged o.m. dated 29.10.1999 by filing applications under section 19 of the administrative tribunals act, 1985 (for short, the act ) and prayed that the same may be quashed and the respondents be directed to include the element of npa for the purpose of computing the pension payable to ..... [8] => ..... challenging the vires of rule 5 of the rules as unconstitutional as well as ultra vires the provisions of sections 66 and 67 of chapter v of the finance act, 1994 (hereinafter referred to as the act ). the high court of delhi has, by the judgment dated november 30, 2012, accepted the said challenge and declared rule 5 to ..... tune with legal position and did not call for any interference. at the outset, he pointed out that the parliament has again amended section 67 of the act by the finance act, 2015 w.e.f. may 14, 2015. by this amendment, explanation has been added which now lays down that consideration includes the reimbursement of expenditure or ..... value of taxable service for the purpose of charging service tax; and (ii) for declaring the rule to be unconstitutional and ultra vires sections 66 and 67 of the finance act, 1994; and (iii) for quashing the impugned show-cause notice-cum-demand dated 17.03.2008 holding that it is illegal, arbitrary, without jurisdiction and unconstitutional.7) ..... [9] => ..... 3.5 later, the provision for compulsory audits found favour with the parliament and was inserted by the parliament through finance act, 1984. the then finance minister, while introducing the budget through the finance bill, 1984 stated in parliament as under: with the reduction in rates and expeditious disposal of assessments, i believe ..... all its recommendations. 3.2 in order for the tax administration to become more efficient, the committee, inter alia, made other extensive recommendations, in chapter 2 black money and tax evasion and recommended insertion of a statutory provision for compulsory audit of accounts. the committee noted that mandatory audit, simultaneously ..... comparative discourse on state regulation of licensed professions as under: (i) justice powell, in ohralik vs. ohio state bar association, 436 u.s. 447 (1978), ( ohralik ), held that the state s interests implicated in the case of regulatory restriction on the practice of a licensed profession are particularly strong. the ..... [10] => ..... by peerless did not fall within the mischief of the prize chits and money circulation schemes (banning) act, 1978. the said view of the division bench of the high court was affirmed by this court in reserve bank of india v. peerless general finance & investment co. ltd. : [1987]2scr1 , (hereinafter referred to as 'peerless i'). the ..... of any such law. after the insertion of chapter iii-b in the act, the bank issued three sets of directions to regulate acceptance of deposits by non-banking companies, categorising them into financial, non-financial and miscellaneous ..... 45-l empowers the bank to call for information from financial institution and to give directions to such institutions. section 45-q provides that the provisions of chapter - iii b shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue ..... [11] => ..... purposes of computation or of the 'advance tax' payable under chapter xvii-c, in a case falling under section 115a or section 115b or section 115bb or section 115bbb or ..... if earned in india will include such income payable for services rendered in india. according to the learned counsel, the insertion with retrospective effect from 1.4.1979 by the finance act, 1983, however, was not all inclusive. according to the learned counsel, despite the said amendment, amounts paid to foreign technicians for 'off period' could not be taxed ..... of the 'advance tax' payable under chapter xvii-c in a case not falling under section 115a or section 115b or section 115bb or section 115bbb or section 115e or section 164 or section 164a or section 167b, the rate or rates of income-tax specified in this behalf in the finance act of the relevant year and for the ..... [12] => ..... referring to the residuary provision. having completed the exercise, we now turn our attention to the latter.81. in 1994, service tax was introduced by parliament under chapter v of the finance act, 1994 with reference to its residuary power under entry 97 list i of the seventh schedule to the constitution. under the 1994 ..... both services provided by the mobile cellular telephone companies to the subscribers and fell within the definition of taxable services as defined in sections 65(72)(b) of the finance act, 1994. in other words the kerala high court answered all three questions framed by us in the opening paragraph of this judgment, in the affirmative and in favour ..... to be neutralized or modified. sub clause (a) is the outcome of new india sugar mills v. commnr. of sales tax : air1963sc1207 and vishnu agencies v. commissioner of sales tax : [1978]2scr433 . sub clause (b) is the result of gannon dunerly & co. : [1959]1scr379 . sub clause (c) is the result of k.l. johar and company v. c.t. ..... [13] => ..... calculated on the total income assessed in the earlier proceeding for assessment under section 143 or section 144 or section 147'.(underlined for emphasis)10. prior to substitution by finance act, 1987 w.e.f. 1.6.1987, the proviso to sub-section (1) read as follows:'provided that no such application shall be made unless the additional ..... in this view of the matter, we are of the opinion that assuming that there is any room for interpretation of the provisions of part f of chapter xvii and chapter xix-a, we would hold that it would not in any manner empower the commission to either waive or reduce interest which is statutorily payable under the ..... what is the efficacy of the regular assessment proceedings which took place before and after the admission of the case by the settlement commission for settlement under chapter xix a of it act.51. the answer is that it is only after a formal order of allowing or admitting the application for consideration of settlement is recorded by the ..... [14] => ..... exemption from income tax under section 10(20) of the 1961 act prior to its amendment by finance act, 2002 w.e.f. 1.4.03.10. prior to the amendment by finance act, 2002, section 10(20) of the income-tax act, 1961 provided as under:chapter iiiincome which do not form part of total incomeincomes not included ..... judgment of this court in the case of r.c. jain (supra) was misplaced.18. learned counsel further submitted that the explanation/definition clause inserted by finance act, 2002 is exhaustive as it uses the expression 'means' as contradistinction from the expression 'includes'. learned counsel submitted that borrowing definition from other statutes is not ..... even the explanatory note indicates that amc (s) is covered by the explanation and, therefore, amc(s) is entitled to the continuance of the benefit of exemption even after finance act, 2002. further, in the explanation to section 10(20) there are three items - item (i) refers to 'panchayat', item (ii) refers to 'municipalities' whereas ..... [15] => ..... said building or land......' 14. it creates a statutory charge on the building. 15. urban immoveable property tax is leviable under section 22 of part vi of the bombay finance act, 1932, on the annual letting value of the property. the duty to collect the tax is laid on the municipality and it does so in the same manner as ..... tax, madras i.l.r. 1944 mad. 399 in which moneys paid as urban immoveable property tax under the bomaby finance act were disallowed as inadmissible under section 9(1)(iv) or 9(1)(v) of the indian income-tax act. this decision merely followed the view expressed in commissioner of income-tax, bombay v. mahomed within the meaning of ..... assessment of the tax for the year. the amount of the tax for the year and the liability for its payment having been determined, the act then prescribes for its collection in the chapter 'the collection of taxes'. section 197 provides that each of the property taxes shall be payable in advance in half yearly instalments on each first ..... [16] => ..... of replacements is allowed as deductions in feu of depreciation in respect of certain assets. by the amendments made by the income-tax amendment act, 1946, the finance act, 1955 and the finance act, 1956 certain initial depreciation was allowed in respect of buildings newly erected or the machinery and plant newly installed. obviously, it was by way ..... to permit them to exceed the maximum limit provided therein. development rebate was provided in clause (vi-b) with effect from 1st april, 1955 by the finance act of 1955. there was an over-lapping period of about two years in relation to the allowance of initial depreciation or the development rebate. but as provided ..... had recommended in chapter vii, page 98 of vol.ii for assisting the expansion and development of productive enterprise by allowing them a proportion of new investment in fixed assets to be charged to current costs of production thereby permitting the taxable profits to be brought down to that extent. in the finance act of 1955 ..... [17] => ..... under section 40. since there was some confusion with regard to the status of section 40, particularly, after enactment of finance act 1992, we have explained the law in the context of deductions under chapter iv-d of the 1961 act. we have accepted the submissions advanced by the learned addl. solicitor general in that regard. however, the assessee succeeds in ..... for the purposes of this clause, if such interest is received by him on behalf, or for the benefit, of any other person;section 40(b)iv after finance act 1992 w.e.f.1.4.93:amounts not deductible40. notwithstanding anything to the contrary in sections 30 to 38, the following amounts shall not be deducted in ..... . s. ganesh, learned senior counsel appearing on behalf of assessee, contended that prior to 1.4.93, section 40(b) referred to disallowances per se but after the finance act 1992 the said section 40(b)(iv) allows deduction, subject to the above limit of 18/12% per annum. according to learned counsel, section 40(b)(iv) talks ..... [18] => ..... provision, or give such direction, as appears to it to be necessary for removing the difficulty.4. in exorcise of the powers conferred upon it by section 12 of the finance act, 1950, the central government issued an order known as 'taxation laws (part b states), (removal of difficulties) order 1950'. clause (2) of the order of 1950 reads ..... is defined in sub-section (15) of section 2 as meaning the total amount of income, profits and gains computed in the manner laid down in the act. chapter 3 of the act deals with the various heads of income chargeable to income-tax and section 10 deals with the head of income in respect of profits or gains of business ..... while it was pending there, on may 8, 1956, the central government issued a notification in exercise of its powers conferred on it by section 12 of the finance act, 1950, whereby an explanation was added to the aforesaid paragraph 2 as follows:for the purpose of this paragraph, the expression 'all depreciation actually allowed under any law ..... [19] => ..... bihar promulgated bihar regulation iv of 1942, which was assented to by the governor-general on the 30th june, 1942. by this regulation, the indian finance act of 1939 (along with finance acts of other years with which we are not concerned) was brought into force in chota nagpur retrospectively as from the 30th march, 1939. the relevant portion ..... became infructuous, by virtue of the decision of the income-tax appellate tribunal and the decision of the high court confirming it, which disclosed that the indian finance act of 1939 was not in operation in the relevant area at the relevant period and that in the absence thereof no valid assessment could be made. the fact ..... of the privy council reported in commissioner of income-tax, bombay & aden v. khemchand ramdas [1938] 6 i.t.r. 414 at 428). chapter iii of the income-tax act headed 'taxable income' contains the various provisions with reference to which taxable income is determined. the tax is leviable under section 3 and is in respect ..... ) Finance Act 1978 Chapter Iii Direct Taxes - Court Supreme Court of India - Page 7 - Judgments | SooperKanoon Skip to content


Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Court: supreme court of india Page 7 of about 1,639 results (0.316 seconds)

Dec 14 1964 (SC)

Corporation of Calcutta and anr. Vs. Liberty Cinema

Court : Supreme Court of India

Reported in : AIR1965SC1107; [1965]2SCR477

..... for advertisements. it is the only provision for taxation as regards which a rate is not specified or the maxima laid down by the act. chapter xvii which is the last chapter in this part is concerned with making provision for the recovery of the consolidated rate and the other taxes and for certain supplementary provisions in ..... estimates back to the standing finance committee for further consideration and resubmission within a specified time and shall- (a) ............................. (b)determine, subject to the provisions of part iv the levy of ..... the corporation to frame budget estimates of the year. sub- s. (3) on which he relied reads "(3). the budget estimates prepared by the standing finance committee shall be laid before the corporation on the 15th february or as soon as possible thereafter and the corporation shall consider the same. it may refer the .....

Tag this Judgment!
Sep 06 1955 (SC)

The Bengal Immunity Company Limited Vs. the State of Bihar and ors.

Court : Supreme Court of India

Reported in : AIR1955SC661; [1955]2SCR603; [1955]6STC446(SC)

..... is that it confers on the states proprio vigore, a power to tax sales when the conditions mentioned therein are satisfied. agreeably to this view, the bihar finance act, 1950 (act xvii of 1950) substituted for the words 'who carries on business of selling or buying goods in bihar' the words 'who sells or supplies any goods ..... motors case : [1953]4scr1069 . article 286 appears in part xii of the constitution relating to finance, property, contracts and suits and is in chapter i thereof relating to finance. this is mainly concerned with the problem of allocation of finances between the center and the states in order to enable each to carry on the respective governmental functions ..... ')'. 295. the language of these sections marks, it will be noticed, a wide departure from that of section 43 of the chapter act and section 65(1)(a) of the government of india act, 1915. the limitation that the legislation should be for persons or things within the territory has been removed. instead, it is enacted .....

Tag this Judgment!
Aug 05 1993 (SC)

Sabarkantha Zilla Kharid V. Sangh Ltd. Vs. Commissioner of Income-tax

Court : Supreme Court of India

Reported in : AIR1993SC2561; (1993)114CTR(SC)459; [1993]203ITR1027(SC); JT1993(4)SC448; (1993)4SCC102; [1993]Supp1SCR993

..... of the said amount as can be called total income attributable to activities defined in clause (5) of section 80b. section 80ab introduced into the i.t. act by the finance (no. 2) act, 1980, with effect from april 1, 1981, was adverted to by his lordship to buttress the view so taken, in that it read:where any deduction is ..... for the purpose of computing the deduction under that section, the amount of income of that nature as computed in accordance with the provisions of this act (before making any deduction under this chapter) shall alone be deemed to be the amount of income of that nature which is derived or received by the assessee and which is included in ..... required to be made or allowed under any section (except section 80m) included in this chapter under the heading 'c. deductions in respect of certain incomes'. in respect .....

Tag this Judgment!
Sep 12 1988 (SC)

Dr Baliram Waman Hiray Vs. Justice B. LentIn and ors.

Court : Supreme Court of India

Reported in : AIR1988SC2267; (1988)90BOMLR434; 1988(3)Crimes655(SC); [1989]176ITR1(SC); JT1988(4)SC265; 1988(2)SCALE688; (1988)4SCC419; [1988]Supp2SCR942; [1989]72STC384(SC)

..... which the crpc, 1973 came into force. section 28 of the finance act amended section 136 of the income-tax act, and it was provided that the words 'and every income-tax authority shall be deemed to be a civil court for the purposes of section 195 but not for the purposes of chapter xxvi of the crpc, 1973', shall be inserted and shall ..... ) of the cine workers etc. (regulation of employment) act, 1981, section 37(2) of the emigration act, 1983,s.13(5) of the consumer protection act, 1986, section 14 of the sick industrial companies (special provisions) act, 1985, section 19 of the illegal migrants (determination by tribunals) act, 1983 and section 95 of the coast guard act, 1978, deeming the commissioner or the tribunal appointed under the .....

Tag this Judgment!
Mar 04 2008 (SC)

Commnr. of Central Excise, T.N. Vs. Vinayaga Body Building Indus. Ltd.

Court : Supreme Court of India

Reported in : 2008(126)ECC91; 2008(152)LC91(SC); 2008(224)ELT3(SC); JT2008(3)SC447; 2008(3)SCALE464; (2008)3SCC666; 2008AIRSCW1981; 2008(4)KCCRSN261

..... activity was being carried out by the respondent is 12 plus 1 (i.e. 12 passengers and one driver). 4. indisputably, national calamity contingency fund was created by finance act, 2003 wherefor inter alia it was proposed to impose one per cent duty on motor cars and multi utility vehicles. the manufacturers of chassis in their invoices placed the ..... hand, submitted that not only the manufacturer of chassis; even the job cards produced by the respondent would clearly show that nccd was not payable. 12. chapter 87 of the act as applicable in the year 2003 contains the heading 'vehicles other than railway or tramway rolling stock and parts and accessories thereof'. sub-headings 8702.10, 8702 ..... is as to whether a maxi cab should be classified under the respective tariff heads, i.e., 87.02 to 87.05 of central excise tariff act, 1985 or under the chapter heading 87.07?15. indisputably, again nccd was imposed at the rate of one per cent advalorem on the goods falling under sub-headings 8702.10, .....

Tag this Judgment!
Oct 31 2006 (SC)

State, Cbi Vs. Sashi Balasubramanian and anr.

Court : Supreme Court of India

Reported in : (2006)206CTR(SC)857; 2006(204)ELT193(SC); [2007]289ITR8(SC); JT2006(9)SC535; 2006(10)SCALE541

..... of smt. sashi balasubramanian, cannot be said to have committed any offence at all.9. the parliament enacted the finance act, 1998. it came into force with effect from 29.03.1998. chapter iv of the said act provides for the 'kar vivad samadhan scheme, 1998'. it came into force with effect from the 1st day of ..... offence under chapter ix or xvii ipc or who stood convicted under any of the provisions of those chapters, he would not have been eligible to seek benefit under ..... appellants were neither convicted nor criminal proceedings were pending, relating to any offence under chapter ix or xvii ipc, yet the criminal proceedings are being prosecuted which is apparently against the very spirit of the scheme promulgated under the finance (no. 2) act of 1998. if a person against whom criminal proceedings were pending, relating to .....

Tag this Judgment!
Aug 31 2010 (SC)

Grid Corporation of Orissa Ltd. and ors.Vs. Eastern Metals and Ferro A ...

Court : Supreme Court of India

..... the electricity requirements in the state in co-ordination with various stakeholders.2.4 chapter viii of the act dealt with tariffs. it contained two sections - section 26 dealing with licencee's revenues and tariffs and section 27 dealing with finances of licencees.3. in exercise of the power under section 14(iv) of ..... for short), to discharge functions including the issue of licences in accordance with the act and determine the conditions of such licences.2.2) chapter vi of the act deals with licensing of transmission and supply. section 14(iv) of the said act authorized the state government to grant provisional licences for a period not exceeding twelve ..... the act, the state government, by notification dated 30.3.1996, issued three licences to the appellant - the provisional orissa .....

Tag this Judgment!
Nov 27 2013 (SC)

K.C. Bajaj and ors Vs. Union of India and ors

Court : Supreme Court of India

..... i) read with fundamental rule 9(21)(a)(ii), which read thus:- ".f.r. 9: unless there be something repugnant in the subject of context the terms defined in this chapter are used in the rules in the sense here explained:- xxx xxx xxx xxx (21)(a) pay means the amount drawn monthly by a government servant as (i) the pay ..... rs. 29,500/-.2. the non practicing allowance shall count as 'pay' for all service benefits including retirement benefits as hitherto.3. this issue with the approval of ministry of finance (department of expenditure) u.o. no.7(25)e-iii a-97 dated 7.4.1998. yours faithfully, sd/- (h.n. yadav) under secretary to the government of india. ( ..... , who had retired from railways prior to 1.1.1996, challenged o.m. dated 29.10.1999 by filing applications under section 19 of the administrative tribunals act, 1985 (for short, the act ) and prayed that the same may be quashed and the respondents be directed to include the element of npa for the purpose of computing the pension payable to .....

Tag this Judgment!
Mar 07 2018 (SC)

Union of India Vs. M/S Intercontinental Consultants and Technocrats pv ...

Court : Supreme Court of India

..... challenging the vires of rule 5 of the rules as unconstitutional as well as ultra vires the provisions of sections 66 and 67 of chapter v of the finance act, 1994 (hereinafter referred to as the act ). the high court of delhi has, by the judgment dated november 30, 2012, accepted the said challenge and declared rule 5 to ..... tune with legal position and did not call for any interference. at the outset, he pointed out that the parliament has again amended section 67 of the act by the finance act, 2015 w.e.f. may 14, 2015. by this amendment, explanation has been added which now lays down that consideration includes the reimbursement of expenditure or ..... value of taxable service for the purpose of charging service tax; and (ii) for declaring the rule to be unconstitutional and ultra vires sections 66 and 67 of the finance act, 1994; and (iii) for quashing the impugned show-cause notice-cum-demand dated 17.03.2008 holding that it is illegal, arbitrary, without jurisdiction and unconstitutional.7) .....

Tag this Judgment!
May 17 2024 (SC)

Shaji Poulose Vs. The Institute Of Chartered Accountants Of India

Court : Supreme Court of India

..... 3.5 later, the provision for compulsory audits found favour with the parliament and was inserted by the parliament through finance act, 1984. the then finance minister, while introducing the budget through the finance bill, 1984 stated in parliament as under: with the reduction in rates and expeditious disposal of assessments, i believe ..... all its recommendations. 3.2 in order for the tax administration to become more efficient, the committee, inter alia, made other extensive recommendations, in chapter 2 black money and tax evasion and recommended insertion of a statutory provision for compulsory audit of accounts. the committee noted that mandatory audit, simultaneously ..... comparative discourse on state regulation of licensed professions as under: (i) justice powell, in ohralik vs. ohio state bar association, 436 u.s. 447 (1978), ( ohralik ), held that the state s interests implicated in the case of regulatory restriction on the practice of a licensed profession are particularly strong. the .....

Tag this Judgment!




Save Judgments// Add Notes // Store Search Result sets // Organize Client Files //