Judgment Search Results Home > Cases Phrase: finance act 1978 section 19 amendment of section 155 Sorted by: old Court: jammu and kashmir Page 7 of about 128 results (0.135 seconds)

The Commissioner of Income Tax Vs. Nitco Roadways Ltd.

Court : Jammu and Kashmir

..... not be the position after 1st april,1976 because the definition of ' entertainment expenditure' for the purposes of sub-sections (2a) and (2b) of section 37 has been enlarged with retrospective effect from that date by the finance act,1983 to include 'hospitality'. 7. in the present case, the expenditure on providing tea to the customers was ..... customary hospitality by offering ordinary meals as a bare necessity ,is not 'entertainment expenditure' within the meaning of section 37(2b) of the act as it stood prior to the insertion of explanation 2 to section 37 by the finance act,1983 with retrospective effect from 1 st april, 1976 by which, for the purpose of sub ..... -sections (2a) and (2b) of section 37, enlarged meaning was given to the words 'entertainment expenditure' to include expenditure on provision of hospitality of every .....

Babli Koul Vs. State of Jammu and Kashmir and ors.

Court : Jammu and Kashmir

..... be given to those employee who have already rendered service. this has to be done by taking note of section 25h of the industrial disputtes act.'12. the petitioner would accordingly furnish a certified copy of the judgment mentioned above also to the aforementioned officer. all these aspects would be ..... regularise his services where an employee answers the discription of term workman then it is imperative for the employer to comply with provision of section 25f of the industrial disputes act. if services are to be terminated then retrenchment compensation are to be paid. again in case a vacancy arises then preference has to ..... of wages no engagement or (2) after the commencement of these rules the workcharged posts shall be created only by the administrative department in consulation with the finance and planning department.' 'rule 8 application for rule to existing daily rated workers and work charged employee: the policy of absorption of daily rated workers and .....

Mohammad Shafi Sofi and anr. Vs. National Insurance Co. Ltd. and ors.

Court : Jammu and Kashmir

Reported in : AIR2001J& K35

..... the vehicle has been deliberately thrown in the river jehlum with a view to make out a case for grabbing sum assured for utilisation towards repayment of loan raised to finance the vehicle from the bank. to reach this conclusion, state commission has relied on the report of preliminary surveyor and loss assessor shri baljinder singh, report of jehlum investigating agency ..... of evidence and material placed before it, found that the occurrence in question cannot be said to be an accident. throwing vehicle in jehlum river was intentional and a planned act with a view to grab monetary benefits, cheat the insurance company and get rid of usless vehicle, otherwise a junk. from the tell tale facts, total evidence and material and .....

Commissioner of Income-tax Vs. Abdul Ahad

Court : Jammu and Kashmir

Reported in : [2001]247ITR710(J& K)

..... set out above has undergone a change by the insertion of the following explanation to section 41(1) of the act by the finance (no. 2) act, 1996, with effect from april 1, 1997 : 'explanation--for the purposes of this sub-section, the expression 'loss or expenditure or some benefit in respect of any such trading ..... income-tax appellate tribunal. the tribunal found that the appellate assistant commissioner had not given any reason for holding that this amount was taxable under section 41(1) of the act. the matter was, therefore, remitted to the appellate assistant commissioner for re-adjudicating this claim of the assessee after hearing' both the parties. ..... liability by way of remission or cessation thereof shall include the remission orcessation of any liability by a unilateral act by .....

Commissioner of Income-tax Vs. Abdul Ahad Najar

Court : Jammu and Kashmir

Reported in : (2001)169CTR(J& K)273,[2001]248ITR744(J& K)

..... : 'i am directed to refer to your letter dated april 3, 1974, addressed to the finance minister and to confirm that the provisions of clauses (xxxi) and (xxxii) of sub-section (1) of section 5 of the wealth-tax act, 1957, would be applicable to such of the undertakings of the forest lessees as are engaged in ..... counsel for the revenue and perused the order of the tribunal. the controversy in this ease is about the entitlement of the assessee to deduction under section 80j of the act. section 80j, as it stood at the material time, provides for deduction out of profits and gains derived by a newly established industrial undertaking which manufactures ..... of jammu and kashmir, who were engaged in the manufacture and production of logs and planks and other articles of timber, were entitled to relief under section 80j of the act. 9. otherwise also, it is clear that the activity undertaken by the assessee clearly amounts to manufacture and production of articles. the expressions 'manufacture' .....

Shakti Traders Vs. State of Jammu and Kashmir and ors.

Court : Jammu and Kashmir

..... :'government of jammu and kashmifinance departmentnotification,dated, srinagar the 30th may, 1997 sro 184 - in exercise of the powers conferred by sub-section (5) of section (3) of the levy of tolls act, samvat 1995, the government hereby notifies that additional toll on the edible oil imported into the state for re-sale in the state ..... oil manufacturers from outside the state, the government of jammu and kashmir issued sro 93 of 1991 on 7th march, 1991 under section 5 of the general sales-tax act, 1962 (sales-tax act) directing that the goods manufactured by a dealer operating as a small-scale industrial unit in the state and registered with the director ..... shall be levied at the rate of 4% on the value of such goods with immediate effect. by order of the government of jammu & kashmir. sd/-(dr. r.k.kotru)director finance .....

Puri Bros. Industries Ltd. Vs. Union of India

Court : Jammu and Kashmir

Reported in : [2002]122TAXMAN82(NULL)

..... to be gone into in the present petition. the further facts on the basis of this scheme are being noticed below :it is pleaded that under the finance (no. 2) act, 1998, sections 86 to 98 were added. this was with a view to settle the recovery of disputed payments. a scheme known as kar vivad samadhan scheme of 1998 ..... tax payable under the scheme at the rate of 35 per cent at rs. 16,10,592.9. the object of the scheme introduced by the finance (no. 2) act, 1998 and consisting of sections 86 and 98 (both inclusive) as also a schedule was to liquidate tax arrears, locked-in-litigation, and thereby to augment resources and reduce litigation ..... was declined. according to the petitioner, this demand which has been created, is contrary to the mandate of section 90(1) of the finance (no. 2) act, 1998. it is submitted that the designated authority on receiving the declaration under section 88 is supposed to determine the amount payable by the declarant and the requisite certificate has to be granted. .....

National Industrial Corp. Ltd. Vs. State of Jammu and Kashmir and ors.

Court : Jammu and Kashmir

Reported in : 2003(2)JKJ490

..... . therefore, the local distilleries are at advantageous position to generate more employment avenues for unemployed youth. we are therefore, of the view that budget speech of finance minister reflected in para 36 of the speech is aimed and intended to give concession to the local distilleries so as to enable them to generate more employment ..... .14. counter on behalf of the respondents has been filed. in para 11(c) of the counter, respondents specifically stated that the budget speech of the finance minister as quoted above intended to generate employment for the unemployed youth of the state through the process of giving incentive and other support to the local industries ..... 2000 is quoted in extenso:'notificationjammu, the 26th april, 2000.sro 123: in exercise of the powers conferred by the proviso to section 16 read with clause (c) of section 63 of the jammu and kashmir excise act, samvat 1958, the government hereby exempt 7.5 lakhs (seven lacs fifty thousand) l.p. litres of rum to be .....

Gh. Mohd. Shora Vs. Mohd. Shafi and ors.

Court : Jammu and Kashmir

Reported in : 2003(2)JKJ720

..... as 'giving up of the control of the title of property from one person to the other.'7. the expression alienation has been defined by the section 2(a) of the act as under:'alienation means sale, gift, mortgage with possession or exchange but shall not include gift in favour of an heir.'8. alienation as reflected by ..... in question before this court.5. adverting to the question formulated towards the introductory clause of this order. i deem it proper to reproduce second proviso of section 3 of the act wherefrom the friction of law of deeming provision arises. it reads as under: 'provided further that the permission to alienate shall be deemed to have been granted ..... as to whether an application before the competent authority was genuinely made and as to whether umbrella of deeming provision was available in terms of proviso to section 3 of the act. he came to the conclusion that the attorney holder was entitled to the benefit of the deeming provision.4. aggrieved of the order of refusal dated .....

Punjab National Bank Vs. J. and K. Special Tribunal and ors.

Court : Jammu and Kashmir

Reported in : AIR2002J& K105,II(2003)BC454

..... of such dispute. 9. the settlement of dispute between the society and the bank is not envisaged under section 63 of the act. however, section 63-a of the act provides a situation where a society is unable to pay its debts to a financing bank by reason of its members committing default in the payment of the money due to them. in ..... the committee fails to do so within a period of 60 days from the date of receipt of such directions, the financing bank itself may proceed against such members under section 63, in which case the provisions of the act, the rules or the bye-laws shall apply as if all references to the society or its committees in the said ..... provisions were references to the financing bank. sub-section (2) of section 63-a of the act provides that where a financing bank has obtained a decree or award against a society in respect of moneys due to it from the society, the financing-bank may proceed to recover such moneys firstly from the assets of .....