Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Page 4 of about 15,464 results (0.185 seconds)

Bindu Prasad Soni Vs. Union of India and anr.

Court : Rajasthan

Reported in : (2002)176CTR(Raj)165

the government of india introduced the scheme in the name of kar vivad samadhan scheme, 1998, under chapter iv of finance act, 1998, with a view to provide a quick and voluntary settlement of tax dues as on 31-3-1998, both in various direct tax enactments as well as indirect taxes .....

Barkha Investmnt and Trading Co. Vs. Commissioner of Income Tax

Court : Gujarat

Reported in : (2006)200CTR(Guj)342; [2006]281ITR316(Guj)

..... was not to be considered under clause (c) of the explanation to section 40a(8) of the act was incorrect. thereafter, referring to the history of section 40a(8) of the act at the time of introduction in the statute by finance act, 1975 it was held that the intention of the legislature can be truly ascertained after taking into ..... ia it is provided that no nbfc shall commence or carry on the business of a non-banking financial institution without obtaining a certificate of registration under chapter iiib of rbi act and having the net owned fund as specified. under section 45-ib every nbfc is required to invest and continue to invest in india in unencumbered ..... a nbfc and its categorization and sub-categorization.27. the directions have been issued by the rbi by exercise of powers available under the rbi act and as noticed, chapter iiib of the rbi act has an overriding effect. in these circumstances, what would be the effect of a company registered as nbfc, treated as an investment company by .....

Commissioner of Income Tax Central Vs. Anil Hastkala (P) Ltd. and anr.

Court : Rajasthan

Reported in : (2009)226CTR(Raj)417; [2010]186TAXMAN365(Raj)

..... & penalty and so also confidentiality of their record which they have disclosed before settlement commission in their application under section 245-c of the act. on the contrary, after finance act, 2007, in cases where proceedings stood abated under section 245-ha(1) because of pending applications having not been decided by settlement commission ..... (2c), be recovered and any penalty for default in making payment of such additional amount may be imposed and recovered, in accordance with the provisions of chapter xvii, by the assessing officer having jurisdiction over the assessee.(3) where an application is allowed to be proceeded with under sub-section (1), the ..... in sub-sections (1a) to (1d) of section 34 of indian income tax act, 1922 introduced in year 1954. however, provisions of chapter xix-a are qualitatively different and more elaborate than provisions of the 1922 act. proceedings commenced under chapter xix-a are judicial as envisaged in section 245-l within the meaning of sections .....

Kanta Mehta Vs. Union of India and Others

Court : Delhi

Reported in : [1987]62CompCas769(Delhi)

..... the executive and the legislature when bill 183 of 1978, the banking laws (amendment) bill, 1978, was introduced in parliament. by clause 5 of the said bill, a new chapter iii-c was sought to be incorporated in the reserve bank of india act. this chapter is broadly approximate to the impugned legislation in some ..... , the question of safeguarding the interest of depositors has assumed greater importance. it, thereforee, recommended that the reserve bank's control be extended to finance corporations and necessary enabling legislation be passed to that effect. it, however, recognised that the administrative task of watching and regulating the operations of a ..... that in order to meet this menace, it was necessary to have suitable legislation, but it was not possible to conceive of any legislation for financing, regulating or monitoring deposit acceptance activities of thousands of unincorporated bodies having no defined constitution, no set pattern and style of functioning who gave addresses .....

LandT Finance Limited Vs. M/s. Saumya Mining Ltd and Others

Court : Mumbai

..... but there would also be conflict of both the laws qua applicability of the companies which are non banking finance companies. it is held hat chapter iii-b of the rbi act applies to only companies which are non banking finance companies whereas money lending act applies to all companies. it is held that if the laws held by the parliament is to operate the ..... relating to deployment of funds by n.b.f.c. the conjoint reading would go to show that the business of financing by such n.b.f.c. is regulated by the provisions of chapter-iiib of the r.b.i. act. there are enabling power with the r.b.i. to issue such instructions and directions and they are binding to n ..... shows that the business of n.b.f.c. which is sought to be controlled and regulated by chapter-iii-b of r.b.i. act includes the financing whether by way of loan or advances or otherwise. further, section 45-j of the said act enables the r.b.i. to determine the policy and issue directions to such n.b.f.c .....

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 .....

Prahlad Singh Chadha Vs. Collector of Customs

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in : (1996)(88)ELT200TriDel

..... a list of items which shall be freely importable notwithstanding anything contained in part 'a'. the expression "consumer goods" is defined in paragraph 7(12) of chapter iii as meaning any consumption goods which can directly satisfy human needs without further processing and includes consumer durables. the inclusion of "accessories thereof" was made in ..... , bus chassis etc. was entitled to concessional rate of sales tax applicable to "raw materials (inputs)". it was held :- "raw material is not defined in the act. it has, therefore, to be understood in the ordinary and well-accepted connotation of it in the common parlance of the persons who deal with it. the ordinary ..... did not possess.accordingly various items of goods were confiscated under section 111(m), or section 111(b) or section 111(m) and (b) of the customs act, 1962 respectively. however, redemption was allowed on payment of separate amounts as fine in regard to each bill of entry. six containers were also confiscated, allowing .....

Dr. Harsh Vardhan and ors. Vs. Haryana Urban Development Authority and ...

Court : Punjab and Haryana

Reported in : (2000)125PLR295

..... deals with finance, accounts and audit. chapter-vi contains provisions relating to power of the authority to require local authority to assume responsibility for providing amenities in certain cases and control by the state government. chapter-vii contains provisions relating to inspection and penalties and chapter-viii contains miscellaneous provisions. section 53 of the act, which forms part of chapter-viii , empowers the state government to ..... has framed rules and regulations including the following:i) haryana urban development (disposal of land and buildings) regulations, 1978.(ii) haryana urban development authority (erection of buildings) regulations, 19,79.section 2(a), (g) and (t) and sections 13 and 18 of the act, which have bearing on the claim of the petitioners, read as under:'section 2(a), (g), (j) and .....

Union of India (Uoi) and ors. Vs. Bennett Coleman and Co. Ltd. and ors ...

Court : Mumbai

Reported in : 1988(3)BomCR581a; (1987)89BOMLR485

..... whether such unit or division is located at the same place... or at a different place or places.'9. we are here concerned with the provisions of chapter iii of the act which deals with 'concentration of economic power'. part a thereof by reason of section 20 within it, applies to an undertaking. if the total value of the ..... such application information with regard to the inter-connection. if any, of the new undertaking (which is intended to be established) with every other undertaking, the scheme of finance for the establishment of the new undertaking and such other information as may be prescribed.(3) (a) the central government may call upon the person or authority to satisfy ..... a.p. sen, j., struck down section 27 having regard to the provisions of article 19(1)(f).35. the judgment in maneka gandhi v. union of india, : [1978]2scr621 , must now be examined in regard to the test to be applied, it was held, following the judgment in (rustom cavasjee coopers case), : [1970]3scr530 that what .....

Reserve Bank of India and Others Vs. Peerless General Finance and Inve ...

Court : Supreme Court of India

Reported in : 1996IAD(SC)774; AIR1996SC646; [1996]85CompCas920(SC); JT1996(1)SC8; 1996(1)SCALE13; (1996)1SCC642; [1996]1SCR58

..... 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 .....