Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Page 26 of about 15,464 results (0.156 seconds)

Om Prakash Sharma Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Jaipur

Reported in : (2004)83TTJ(JP.)246

..... xiv-b of it act deals with the said special procedure. tax on undisclosed income should be ..... at 10 per cent on income-tax computed in accordance with section 113. but this first schedule is subject to section 2 of finance act, 2000. section 2 of the finance act provides that the rates specified in part i of the first schedule are applicable for the assessment year commencing from 1st april, 2000 ..... finance act is applicable only for the total income of previous year. in the search cases, tax is charged on undisclosed income for the block period--not on total income of previous year. the rates prescribed in the finance act cannot be extended for the undisclosed income of the block period. there is special procedure for the assessment of search cases. the chapter .....

Western Geo International Ltd. Vs. Assist. Cit

Court : Income Tax Appellate Tribunal ITAT Delhi

..... the claim of the assessee is that multi-stage grossing up cannot be resorted to in view of the insertion of section 10(10cc) in the income tax act by the finance act, 2002 with effect from assessment year 2003-04, which provides that tax on income being a perquisite, not provided for by way of monetary payment, which has ..... the said section reads as under: 195a. where under an agreement or other arrangement, the tax chargeable on any income referred to in the foregoing provisions of this chapter, is to be borne by the person by whom the income is payable, then for the purposes of deduction of tax under those provisions such income shall be increased ..... in accordance with section 44bb. there is no need to refer to section 28(iv). section 195a comes under chapter xvii of the income tax act which deals with collection and recovery of taxes whereas section 44bb comes under chapter iv which deals with computation of business income. therefore, section 195a cannot be evoked to apply the concept of .....

The Commissioner of Income Tax-9 Vs. Ajanta Pharma Ltd.

Court : Mumbai

Reported in : 2009(111)BomLR1905; (2009)223CTR(Bom)441; [2009]318ITR252(Bom); [2009]180TAXMAN494(Bom)

..... of that section, and subject to the conditions specified in that section.8. section 115j is contained in chapter xii-b which was inserted by finance act, 1987 with effect from 1.4.1988. when section 115j was introduced by act of 1957 reduction of export profits under the provisions of section 80 hhc was not available to companies covered ..... by chapter xii-b. however, by direct tax laws amendment act, 1989 it was brought into effect from 1.4.1989, ..... ....the legislature, therefore, in case of mat companies choose not to initially give them the benefit of reduction of export profits.9. section 115ja was introduced by the finance act, 1996 with effect from 1.4.1997. the language of section 115ja(1) is also similar to language used in section 115j. in so far as reduction of .....

Mangilal S. JaIn Vs. Commissioner of Income-tax and anr.

Court : Karnataka

Reported in : ILR2003KAR2066; [2002]257ITR31(KAR); [2002]257ITR31(Karn)

..... , under section 89 of the said act form no. 1a. in the said declaration filed on january 27, 1999, he showed the computation ..... , the petitioner filed a revision petition under section 264 of the act on april 23, 1998.2. the kar vivad samadhan scheme, 1998 (the 'kvs scheme' for short), was brought into force on september 1, 1998, as per chapter iv of the finance (no. 2) act, 1998 ('the finance act' for short). the appellant filed a declaration under the said scheme ..... to be examined not with reference to section 140a of the income-tax act, but with reference to the provisions of the kvs scheme, as contained in chapter iv of the finance (no. 2) act, 1998. the explanation to section 140a(1) of the income-tax act will not apply for the following two reasons :'(i) the provisions of .....

Mangilal S. JaIn Vs. Cit and anr.

Court : Karnataka

Reported in : (2002)175CTR(Kar)347

..... , under section 89 of the said act in form no. 1a. in the said declaration filed on 27-1-1999, he showed the ..... petitioner filed a revision petition under section 264 of the act on 23-4-1998.2. the kar vivad samadhan scheme, 1998 (hereinafter referred to as the 'kvs scheme' , was brought into force on 1-9-1998, as per chapter iv of finance (no. 2) act, 1998 (hereinafter referred to as 'the finance act' ). the appellant filed a declaration under the said scheme ..... will have to be examined not with reference to section 140a of the income tax act, but with reference to the provisions of kvs scheme, as contained in chapter iv of finance (no, 2) act, 1998. the explanation to section 140a(1) of income tax act will not apply for the following two reasons :(i) the provisions of section 88 of .....

MartIn Lottery Agencies Ltd. Vs. Union of India (Uoi)

Court : Sikkim

Reported in : 2007[8]STR562

..... letter. however, such appearance is directed towards ultimate levy of tax under the lotteries (regulation) act, 1998 no. 17 of 1998, a central act, read with the service tax provisions which find place in chapter v of the finance act, 1994 and chapter va of the finance act, 2003.2. the writ petitioner accordingly has presented this writ petition to nip the whole ..... and, accordingly, it is now to be proceed upon as a fact put forward on behalf of the writ petitioner.4. the important provision for our purposes in the finance act is section 65 sub-section 19(i), (ii) and (iii); these are set out below:(19) 'business auxiliary service' means any service in relation to -(i) ..... state government shall sell the tickets either itself or through distributors or selling agents;6. the third material provision is the definition of goods in the sale of goods act, 1930 and sub-section (7) of section 2 is set out below:(7) 'goods' means every kind of moveable property other than actionable claims and money; .....

Smt. Epari Amaravati Vs. Commissioner of Income-tax and ors.

Court : Orissa

Reported in : [2000]246ITR108(Orissa)

..... . nil 3. the petitioner assails the validity of the said determination on the ground, inter alia, that it is contrary to section 88 occurring in chapter iv (kar vivad samadhan scheme, 1998) of the finance (no. 2) act, 1998.4. pursuant to our order dated june 30, 2000, standing counsel for the department has filed two separate charts showing adjustment of payments against ..... .2. the commissioner of income-tax on the basis of a declaration made by the petitioner under section 80 of the finance (no. 2) act, 1998, has determined a sum of rs. 75,000 under section 90(1) of the aforesaid act towards the full and final settlement of her tax arrear covered by the said declaration under the kar vivad samadhan scheme .....

Smt. Ujjam Bai Vs. State of Uttar Pradesh

Court : Supreme Court of India

Reported in : [1963]1SCR778; [1963]Supp2SCR778

..... of a part of the net proceeds thereof among the stages in pursuance of the principles of distribution formulated and the recommendation made by the finance commission. under the central act, before the amendment, there was excise duty on tobacco used for various purposes, including machine-made bidis, but there was no excise duty on ..... , dealing with 'finance'. that article provides that no tax shall be levied or collected except by authority of law. there was no similar provision in the corresponding chapter of the government of india act, 1935. if collection of taxes amounts to deprivation of property within the meaning of article 31(1), then there was no ..... , dealing with 'finance'. that article provides that tax shall be levied or collected except by authority of law. there was no similar provision in the corresponding chapter of the government of india act, 1935. if collections of taxes amounts to deprivation of property within the meaning of article 31(1), then there was no point in .....

Avinder Singh and ors. Vs. State of Punjab and ors.

Court : Supreme Court of India

Reported in : AIR1979SC321; (1979)1SCC137; [1979]1SCR845

..... not the municipal corporation, which fixed the rate; but the government did only what the corporation ought to have done. it acted for the purposes of the corporation's finances and functions and not to replenish its own coffers. in the municipal corporation of ahmedabad ctiy, gulabchand bapalal modi v. municipal corporation ..... 6) enables government to make other tax payments to municipal bodies. municipal borrowings require government sanction, municipal accounts shall be audited by government auditors. chapter xxii provides for further government control upto even supersession of the corporation itself. even the resolutions of corporations may be suspended by government and its ..... gest said :what they (the legislature) created by the passing of the transport acts could not reasonably be described as a new legislative power or separate legislative body armed with general legislative authority (see r. v. burah, 1978) 3 a.c. 889). nor did the queensland legislature 'create and endow' .....

Commissioner of Income-tax, Delhi-ii Vs. Eternal Science of Man's Soci ...

Court : Delhi

Reported in : ILR1980Delhi1559

..... to be excluded from the total income of the recipient. section 12 deals with the income of trusts and institutions from voluntary contributions. the section before its amendment by the finance act of 1972 with effect from 1st april, 1973, stood as follows : '12. income of trusts or institutions from voluntary contributions. - (1) any income of a ..... basis of which the above question have been referred, it is advisable to refer briefly to the relevant statutory provisions. chapter iii of the income-tax act, 1961 (to be referred to in brief as 'the act'), contains provisions pertaining to income which does not form part of the total income. section 11, which is in this ..... chapter, deals with income derived from property held for charitable or religious purposes. it provides, inter alia, that if this income is applied wholly to charitable .....