Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Page 10 of about 15,464 results (0.075 seconds)

Micro Labs Ltd. and Others Vs. Deputy Commissioner of Income-tax (Asse ...

Court : Karnataka

Reported in : ILR1998KAR3784; [1998]231ITR934(KAR); [1998]231ITR934(Karn)

..... section 64 of the finance act (chapter iv) provides that subject to the provisions of the scheme, where any person makes, on or after ..... department on september 10, 1997, in exercise of the power conferred on them under section 132 of the income-tax act, 1961, and in the course of search, some records belonging to the petitioners also have been seized. 3. chapter iv of the finance act, 1997, provides for the voluntary disclosure of income scheme (hereinafter referred to as 'the scheme'). sub-section (1) of .....

Chairman, L.i.C. of India, Bombay and Others Vs. Kalangi Samuel Prabha ...

Court : Andhra Pradesh

Reported in : AIR1997AP304

..... ii led by the spouses were rejected writ petition no. 6925 of 1994 is filed questioning the termination of the agency. the government of india, ministry of finance wrote a letter dated 6-7-1981 to the chairman. life insurance corporation of india requesting him to issue instructions to all of his field formations directing ..... life insurance corporation of india was established on 1-9-1956. the life insurance corporation of india act, 1956 was enacted.9. section 2 of the act deals with definitions. section 4 deals with the constitution of the corporation. chapter iii deals with the functions of the corporation.10. under section 48 the power is vested in ..... life insurance corporation of india have no jurisdiction to issue those circulars and that too without amendment to the provisions of the life insurance corporation of india act incorporating the clause not to appoint spouse as agent of the life insurance corporation, and further contended that as the above said two circulars are illegal, .....

Kerala State Industrial Development Corporation Ltd. Vs. Commissioner ...

Court : Kerala

Reported in : [1989]180ITR323(Ker)

..... same also. this was so said on the basis that the only specification made was that the deduction should be computed before making any deduction under chapter vi-a of the act. on appeal by the assessee, the income-tax appellate tribunal upheld the said order passed by the commissioner of income-tax in revision. thereafter, ..... the income referred to in section 28 ... (viii) in respect of any special reserve created by a financial corporation which is engaged in providing long-term finance for industrial or agricultural development in india, an amount not exceeding-(a) in the case of a financial corporation or a joint financial corporation established under the ..... . the patna and madhya pradesh high courts have held that the statutory deduction under section 36(1)(viii) of the income-tax act, 1961, available to certain financial corporations providing long-term finance is to be calculated on the total income before deduction of the amount allowable under section 36(1)(viii). it has been held .....

N. T. John Vs. Commissioner of Income Tax and anr.

Court : Kerala

Reported in : (1997)137CTR(Ker)656

..... under s. 132a in the case of any person, then, the ao shall proceed to assess the undisclosed income in accordance with the provisions of this chapter.'chapter xiv-b was inserted in the it act, 1961 by the finance act, 1995 w.e.f. 1st july, 1995. it is an admitted case that the search was conducted in this case under s. 132 of the ..... not apply in a case where a search is initiated under s. 132 before 30th day of june, 1995, the date on which the finance act, 1995 came into force. in that view, it cannot be said that chapter xiv-b has retrospective operation. at the same time, the definition of block period contained in s. 158b indicates that it operates for a ..... act and that it was on 23rd feb., 1996. that means chapter xiv-b as it stood now would apply in the present case. earlier chapter xiv-b was inserted .....

Gkw Limited and anr. Vs. State of Rajasthan

Court : Rajasthan

Reported in : AIR2008Raj90; RLW2008(2)Raj1627

..... mr. n.m.lodha, learned additional advocate general, appearing for the state of rajasthan, supporting the legislations of chapter vii of the rajasthan finance act of 2006, submits that the state government is competent to impose tax on land in view of entry 49 of the state list in schedule vii ..... ground of the legislative competence, the present enactment under-challenge, should not be allowed to stand. thus, the prayer is made that not only the chapter vii of the finance act of 2006, but rules as well as notifications issued thereunder may also be struck down, being beyond the legislative competence of the state government.9. ..... by law relating to mineral development. 6. referring to the aforesaid entries, it is submitted by the learned counsel for the petitioners that pursuant to chapter vii of the rajasthan finance act of 2006, imposition of tax is directly and indirectly on the minerals, therefore, the aforesaid enactment does not fall under entry 49 of the .....

Commissioner of Income-tax Vs. Radha Nagar Cold Storage (P.) Ltd.

Court : Kolkata

Reported in : (1980)18CTR(Cal)166,[1980]126ITR66(Cal)

..... in its total income of the previous year (as computed before making any deduction under chapter vi-a of the income-tax act) is not less than fifty-one per cent. of such total income.' 6. similar definition was there in the finance act, 1969. we need not set out that definition. we are not concerned, in ..... referred to this court the question as mentioned hereinbefore.5. before we consider the question further it may be necessary to refer to the definition of the relevant finance act, namely, the finance act, 1968. section 2(6), clause (d), defined 'industrial company' as follows :' 'industrial company' means a company which is mainly engaged in the ..... that handling was processing and dealt with the dictionary meaning of the expression 'processing '.14. in the case of addl. cit v. chillies export house ltd. : [1978]115itr73(mad) , the madras high court was concerned with a different question. there, the assessee, an exporter of chillies, purchased the chillies, sorted them, graded them as .....

Burton (Her Majesty's Collector of Taxes) (Respondent) Vs. Mellham Lim ...

Court : House of Lords

..... tax, but also some of the very complex provisions, now repealed, which formed chapter va in part vi of the income and corporation taxes act 1988 ("icta 1988"). 5. chapter va was introduced by the finance act 1994 to provide some measure of relief in respect of a long-standing grievance of ..... companies (such as mellham) which had (directly or through subsidiaries) overseas earnings which attracted double taxation relief ("dtr") (see generally peter harris, "the foreign income dividend scheme: a damage assessment" [1997] btr 82). such a company might pay amounts of act ..... if the treasury considers that the deterrent is insufficiently severe it can (within the limits of what is authorised by section 178 of the finance act 1989) provide a stiffer sanction. but the notion of a perpetual liability to pay interest, subject only to the possibility of administrative remission .....

Kailash Paints and Chemicals Vs. C.C.E.

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in : (1998)(62)ECC395

..... of the appellant, shri ajay jain, learned counsel submitted that the change of tariff classification for items like zinc ash from chapter 79 to chapter 26 proposed in the finance bill of 1988 became effective only after passing of the finance act of 1988 which was on 13-5-1988. during the intervening period classification of such zinc ash continued to be only ..... under chapter 79. a similar issue had come up for decision before the tribunal in appeal no. e/1896/90-b1 & e/1897/90-b1 in ess ess metals ..... which have the effect of enhancing the rate of duty but those provisions amending the statute or tariff items will be effective only from the date of passing of the finance act. on that reasoning, the bench held that during the period 1-3-1988 to 12-5-1988 zinc ingots made from zinc ash continued to have the benefit .....

Venkatraman Associates Vs. Commissioner of Service Tax

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT

Reported in : (2007)8STR598

..... section 84(1), the commissioner was empowered to make such order "as he thinks fit", after calling for the record of the proceedings under the said chapter v of the finance act, 1994, under which the adjudicating authority subordinate to him had passed any decision or order. the order made under section 78 was an order passed by ..... of the commissioner dated 27.2.200, made under the provisions of section 84 of chapter v of the finance act, 1994, setting-aside the order of the assistant commissioner to the extent that penalties under sections 76, 77 and 78 of the said act were waived, and imposing penalties including the penalty of rs. 90 lacs on the appellant ..... under section 78 of the said act.2. the adjudicating authority had confirmed the demand of .....

Google Online India Private Ltd. Vs. Commissioner of Service Tax

Court : Authority for Advance Rulings

Reported in : (2006)200CTRAAR245

..... connected with display or exhibition of an advertisement or actually displays/exhibits an advertisement on an internet website.1. in this application under section 96c(1) of chapter va of finance act, 1994 (for short "the act"), the applicant - m/s. google online india private limited - is a wholly owned subsidiary of m/s. google international llc (for short "google usa"), a foreign company ..... below mentioned heads of taxable services or as any other taxable service enumerated in chapter v of the finance act, 1994: 1. advertisement services (as defined under section 65(105)(zh)[sic] of chapter v of finance act, 1994). 2. computer network service (as defined under section 65(105)(zh) of chapter v of finance act, 1994). 3. business auxiliary service (as defined under section 65(105)(zzb) of .....