Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Page 88 of about 15,464 results (0.325 seconds)

All India Bank Officers Confederation Vs. The Regional Manager Central ...

Court : Supreme Court of India

..... fringe benefit or amenity as may be prescribed. thus, the present section 17(2)(viii) contains similar stipulations as erstwhile section 17(2)(vi), reference to chapter xiih only being deleted. to retain uniformity, we will be referring to it as section 17(2)(viii). 5 for short, plr . 6 for ..... (no.2) act, 2009, with effect from 01.04.2010, section 17(2)(vi) of the act read: (vi) the value of any other fringe benefit or amenity (excluding the fringe benefits chargeable to tax under chapter xiih) as may be prescribed . post the amendment ..... act defines perquisites. it specifies a list of benefits/advantages, incidental to employment, and received in excess of salary, which are made taxable as perquisites. section 17(2)(viii) is a residuary clause that authorizes a subordinate rule-making authority to prescribe any other fringe benefits or amenities that are liable to taxation as perquisites . 4 before amendments brought in by finance .....

Tata Iron and Steel Co. Ltd. Vs. Commissioner of C. Excise

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Reported in : (2007)(209)ELT392Tri(Mum.)bai

..... july 7, 2004.1.2 the appellant is engaged in the manufacture of, inter alia, galvanized wires and standard wires falling under chapter 72 and 73 of the first schedule to the central excise tariff act, 1985. for the said purpose the appellant has two factories, one at tarapore and other one at borivali, both in the ..... collector of central excise v. technoweld industries , the supreme court held that drawing of wires from wires rods did not amount to "manufacture" within the meaning of the act.& review applications filed before it by the revenue were rejected.the central board of excise & customs, new delhi (hereinafter referred to as "the board") issued a circular ..... factory as a manufacturer pending final decision of the dy.commissioner. no objection was taken by the dy.commissioner. by finance bill no. 2/2004 in the first schedule to the central excise tariff act, 1985 was amended and from 9.7.2004 the manufacturing process undertaken by the appellant at the borivali factory undisputedly was .....

Niraj Petrochemicals Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Hyderabad

..... or arise to him in india during such year." 111. explanations 1 & 2 under this sub-section are not felt relevant and not extracted. sec. 90 of the it act is provided under chapter ix and deals with double taxation relief. sub-s. (2) of s. 90 is as follows : "where the central government has entered into an agreement with the ..... the office of the appellant-company to ascertain whether the tax deducted/deductible was, in fact remitted into the government account or not. he was informed by the general manager (finance) of the appellant company that the tds was not remitted even till 22nd november, 1995. hence, on 23rd november,1995, the ito made the impugned order under s. ..... . he also requested the appellant in the said letter to furnish proof in case the tax was already remitted and further directed the appellant to file annual returns under chapter-xvi for the years relevant to the financial year 1991-92 to 1994-95. in response to the said notice dt. 8th november, 1995, the appellant filed a .....

Mukesh Ram Chandani and Others Etc. Vs. State of U.P. and Others

Court : Allahabad

Reported in : AIR1996All219; (1995)3UPLBEC2006

..... as the institution of self-government including those in relation to the matters listed in the twelfth schedule; (ix) article 243-y lays down that the finance commission constituted under article 243-i shall also review the financial position of the municipalities and make recommendations to the governor as regards the principal for distribution of ..... out that s. 100 is exhaustive of all grievances regarding the election.75. even then what has been further said in mohinder singh's case (air 1978 sc 851) may be noticed:'but what is banned is not anything whatsoever done or directed by the commissioner but everything he does or directs in furtherance ..... land use and construction of buildings are the subject-matter of chapter xiii of the act, planning for economic and social development are the part of chapter xiv, roads and bridges are the functions already assigned; water supply is the subject-matter of chapter xi of the act, fire service is the subject already existing in section 114 (xxiii .....

Nazir Mahammad Vs. Jamila Bibi and ors.

Court : Orissa

Reported in : [1972]85ITR342(Orissa)

..... any powers thereunder . . . .' 6. there was a similar provision in section 54 of the indian income-tax act, 1922. but, as it appears, by the finance act of 1964 the provisions of section 137 have been omitted with effect from april 1, 1964. by the same act, section 138 was recast and ran to the following effect :'(1)(a) the board or any other ..... ) all particulars contained in any statement made return furnished or accounts or documents produced under the provisions of this act, or in any evidence given, or affidavit or deposition made in the course of any proceedings under this act, other than proceedings under chapter xxii, or in any record of any assessment proceeding, or any proceeding relating to recovery of a demand, prepared .....

Sham Lal Vs. State Election Commission, Chandigarh and Others

Court : Punjab and Haryana

Reported in : AIR1997P& H164; (1997)115PLR687

..... made by the stale legislature. in order to provide a forum for adjudication of election disputes, comprehensive provisions have been made in. chapter xii of '1994 act'. provisions of that chapter deal with the constitution of election tribunal, presentation of election petitions, contents thereof and the relief, trial of election petitions, the procedure ..... passed by the election tribunal.8. prohibitive provisions contained in art. 243o and absence of any provision in part ix of the constitution or chapter xii of '1994 act' except s. 101 empowering the! election tribunal to pass an injunction/stay order in an election petition gives a clear indication of the ..... legislature of a state to enact laws for conferring powers to impose taxes and to create funds of the panchayats. article 243i envisages constitution of finance commission to review financial position of the panchayats. article 243j deals with audit of accounts of panchayats. article 243k relates to elections. by article 243l .....

The Commissioner of Income-Tax Vs. M/S Karnataka State

Court : Karnataka

..... and the order passed by the deputy commissioner of income tax, circle-11(5), bangalore.2. the respondent-assessee is an undertaking of government of karnataka engaged in financing industrial units. during the assessment year 2009-10, the assessee had made investments to the tune of rs.1,24,04,17,118/- in securities on which ..... without any basis or assigning any reason whatsoever, the disallowance was rightly set aside by the appellate authorities. as per the provisions of section 14a of the act, the assessing officer shall determine the amount of expenditure incurred in relation to exempt income which does not form part of the total income, if he was ..... total income 5 (1) for the purposes of computing the total income under this chapter, no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income under this act. (2) the assessing officer shall determine the amount of expenditure incurred in relation .....

Pr Commissioner Of Income Tax Vs. M/s Ennoble Construction

Court : Karnataka Dharwad

..... of the tribunal were archaic and therefore there was an eminent need for rationalisation of the same. accordingly, the parliament vide finance (2) act, 1998 inserted inter alia sections 260a & 260b in chapter xx of the 1961 act to provide for an appeal against the orders of tribunal directly to the high court, within whose jurisdiction, office of the ..... called in question the said addition in the subject appeal inter alia contending that unless the books of accounts were rejected under section 145 of the 1961 act, the ao acting under section 143(3) could not have made the ad hoc disallowance; the fact that for the assessment year 2008 09 some addition was made ..... 6/4, ennoble house, raghavachari road, belary-583101 pan: afjpa5974p respondent (by sri. mayank jain, advocate) this ita is filed under section260a of the income tax act, 1961 arising out of order dated2711.2015 passed in ita no.449/bang/2014, for the assessment year20092010 praying to decide the foregoing question of law and/or .....

Sbm Engg. Products (P.) Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2004)91ITD116(Mum.)

..... 139' by the expression "within the time allowed under sub-section (1)of section 139 or within such further time as may be allowed by the income-tax officer. " finance act, 1987, again amended section 80 with effect from 1st april, 1988 to include the reference to sub-section (3) of section 74 by the . said ..... the assessee is claiming to carry forward the loss to the subsequent assessment year on the basis that the return was hied under section 139(2-) of the act. notwithstanding anything contained in this chapter, no loss which has not been determined in pursuance of a return filed under section 139, shall he carried forward and set off under sub-section (1 ..... ) of section 72 or sub-section (2) of section 73 or sub-section (1) of section 74.the taxation laws (amendment) act, 1984 further amended section 80 with .....

Starchik Specialities Ltd. Vs. Dy. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2004)90ITD34(Hyd.)

..... ,611g)printing & stationery 1,57,524h)rates & taxes 70,537i)rent 1,32,200j)subscription & periodicals 15,150k)telephone charges 3,55,233l)directors' sitting fee 8,000m)finance charges 14,86,421 ---------------------- proportionate indirect cost allowable to export turnover works out to- export turnover - direct costs - proportionate costs = 1,61,15,941 - 1,36, ..... , he held that the deduction under section 80hhc is not admissible. he also observed that in terms of section 80a(2), the aggregate of deductions under chapter-vi, which includes the deduction under section 80hhc shall not in any case exceed the gross total income of the assessee. he noticed that the gross total ..... the book profit subject to certain adjustments. these provisions come into picture when the total income of the assessee chargeable to tax under the provisions of the act is nil or less than the specified percentages of the book profit. so, the invocation of section 115j and section 115ja implies two distinct procedures -(1 .....