Judgment Search Results Home > Cases Phrase: finance act 1978 chapter iii direct taxes Sorted by: old Page 28 of about 15,869 results (1.001 seconds)

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 .....

Competent Authority (Acquisition) Vs. Smt. Lalita Todi and ors.

Court : Patna

..... is as under :'circular no. 455 dt. 16th may, 1986.subject : acquisition of immovable properties under chapter xx-a of it act, 1961 - guidelines - regarding.the finance bill, 1986, has proposed that no proceedings shall be initiated under s. 269c of the it act, 1961, in respect of a property transferred after the 30th day of september, 1986. the bill also ..... ,58,000. in this connection, we may refer to the definition of 'fair market value' as contained in cl. (d) of s. 269a of the act falling in chapter xx-a. it means the price that the immovable property would ordinarily fetch on sale in the open market on the date of execution of the instrument of transfer ..... by the competent authority, the transferee filed appeals before the tribunal under s. 269g of the act which were all dismissed and against that the transferees filed appeals in this court under s. 269h of the act which were allowed by judgment dt. 25th september, 1978, by a bench of this court and is in smt. lalita todi & ors. vs . .....

N.T. John Vs. Commissioner of Income-tax and anr.

Court : Kerala

Reported in : [1997]228ITR314(Ker)

..... the case of any person, then, the assessing officer shall proceed to assess the undisclosed income in accordance with the provisions of this chapter.'4. chapter xiv-b was inserted in the income-tax act, 1961, by the finance act, 1995, with effect from july 1, 1995. it is an admitted case that the search was conducted in this case under section ..... will not apply in a case where a search is initiated under section 132 before june 30, 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 section 158b indicates that it operates ..... 132 of the act and that it was on february 23, 1996. that means chapter xiv-b as it stands now would apply in the present case. earlier chapter xiv-b was .....

Competent Authority (Acquisition) Vs. Smt. Lalita Todi and ors.

Court : Patna

..... board of direct taxes which is as under : subject : acquisition of immovable properties under chapter xx-a of income-tax act, 1961--guidelines--regarding. the finance bill, 1986, has proposed that no proceedings shall be initiated under section 269c of the income-tax act, 1961, in respect of a property transferred after the 30th day of september, 1986. ..... 58,000. in this connection, we may refer to the definition of 'fair market value' as contained in clause (d) of section 269a of the act falling in chapter xx-a. it means the price that the immovable property would ordinarily fetch on sale in the open market on the date of execution of the instrument of ..... competent authority, the transferee filed appeals before the appellate tribunal under section 269g of the act which were all dismissed and against that the transferees filed appeals in this court under section 269h of the act which were allowed by judgment dated september 25, 1978, by a bench of this court and is in smt. lalita todi v. cit .....

Mafatlal Industries Ltd. and ors. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : 2002(83)ECC85; 1997(89)ELT247(SC); JT1996(11)SC283; 1996(9)SCALE457; (1997)5SCC536; [1996]Supp10SCR585; [1998]111STC467(SC)

..... amendment act (act 25 of 1978), provides for refund of duties. chapter-iii deals with powers and duties of officers and land holders while chapter-iv deals with transport by sea. chapter-v contains special provisions relating to salt. chapter- vi deals with adjudication of confiscations and penalties while chapter vi-a introduced by the finance (no. 2) act, ..... 1980 (with effect from october 11, 1982) provides for appeals against the orders of the original and appellate authorities. in certain matters, a reference is provided to the concerned high court and in other cases, a direct appeal to this court is provided from the orders of the tribunal. chapter ..... duty.8. section 11-b along with section 11-a was introduced by customs, central excises and salt and central board of revenue (amendment) act, 1978 with effect from november 17, 1980, a fact mentioned hereinbefore. until the enactment and enforcement of sections 11-a and 11-b, the recovery .....

Cit, Delhi Vs. Swaran Singh Kanwar

Court : Supreme Court of India

Reported in : AIR1999SC1593; [1998]232ITR350(SC); JT1998(9)SC249a; (1997)11SCC69

..... india : [1985]155itr120(sc) . in the circumstances it is necessary to clarify the position in this regard. 5. section 80-k, since deleted by the finance act, 1986, fell in chapter vi-a bearing the heading ''deductions in respect of certain incomes'. it made provision for deduction in respect of dividends attributable to profits and gains from new industrial ..... 'gross total income' is defined in clause (5) of section 80-b to mean the total income computed in accordance with the provisions of the act, before making any deduction under chapter vi-a. this means that before applying section 80-k it is necessary to determine the income in accordance with the other provisions of the ..... act, including section 56 read with section 57(iii) of the act and only thereafter the deduction under section 80-k has to be made. on that .....

Late S. Ayyakannu by Lr Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Madras

..... court in the case of cit vs. hindustan paper corpn. ltd. (1994) 77 taxman 450 (cal) are to the same effect. sec. 9(2) was inserted by the finance (no. 2) act, 1991 with retrospective effect from 1st april, 1972. the s. 90(2) envisages a situation where the central govt. has entered into an agreement with the government of any ..... form of demand draft to explain the investments, since it cannot be treated as disclosed income either in india or outside india for the purpose of assessment under chapter xiv-b of the it act. 11.2 the assessee has claimed a sum of rs. 10,00,000 was remitted through banks during the period of immunity as per remittances of foreign ..... form of demand drafts to explain the investments, since it cannot be treated as disclosed income either in india or outside india for the purpose of assessment under chapter xiv-b of the it act (see para 11.1 of assessment order). (iv) however, the receipt by way of demand drafts stand on a different footing in the sense that the source .....

Life Insurance Corporation of India and ors. Vs. Kalangi Samuel Prabha ...

Court : Andhra Pradesh

Reported in : 1997(3)ALT783

..... filed 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 06-07-1981 to the chairman, life insurance corporation of india requesting him to issue instructions to all of his field formations directing them ..... 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, .....

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, .....

Commissioner of Income-tax Vs. Himachal Pradesh Financial Corporation

Court : Himachal Pradesh

Reported in : [1998]232ITR138(HP)

..... high courts that total income as computed before making deductions under the said clause had then received the statutory recognition by the amendment act in 1985 introduced by section 10 of the finance act, 1985,6. hence, we have no hesitation to answer the question referred to us in the affirmative by holding that the tribunal ..... was right in law in deciding that the deduction under section 36(1)(viii) of the income-tax act be allowed at the prescribed percentage of the total income computed before making deduction under chapter ..... section 36(1)(viii) itself ?'2. the assessee claimed deduction under section 36(1)(viii) of the income-tax act, at the prescribed percentage of the total income computed before allowing any deduction under chapter vi-a and also before considering deduction allowable under section 36(1)(viii) itself. the claim of the assessee was, .....