Judgment Search Results Home > Cases Phrase: finance act 1978 section 39 amendment of act 6 of 1898 Court: madhya pradesh Page 9 of about 373 results (0.665 seconds)

Prithviraj Chouhan Vs. Commissioner of Income-tax

Court : Madhya Pradesh

Reported in : [2004]267ITR450(MP)

..... judgment was pronounced by the supreme court on august 1, 2000. subsequent to this judgment, an explanation 1 has been substituted in section 234b of the act with effect from april 1, 1989, by the finance act, 2001. the said explanation has been made effective retrospectively with effect from april 1, 1989. by this explanation 1 it has been ..... clearly mentioned that the 'assessed' tax means the tax on the total income determined under sub-section (1) of section 143 or on regular assessment as reduced by ..... substantial question of law is involved in this appeal and the connected appeals. there is no dispute as to the fact that explanation 1 substituted in section 234b of the act was not brought to the notice of the tribunal or due to oversight it escaped its notice. on bringing this fact to its notice, the tribunal .....

Commissioner of Income-tax Vs. Sheikh Munir and ors.

Court : Madhya Pradesh

Reported in : [1988]170ITR421(MP)

..... 1979]120itr1(sc) , the relevant assessment year was 1964-65. the return for the said year, however, was filed on april 24, 1968. in the meantime, section 271 of the act was amended by the finance act, 1968, whereby clause (iii) was substituted. the case of the assessee was that since the relevant assessment year was 1964-65, it is the law which was ..... assessee had an additional income of rs. 24,203 from undisclosed sources. according to him, on this finding, the explanation added to section 271(1)(c) of the act with effect from april 1, 1964, by the finance act, 1964, was clearly attracted and in view of that explanation, the burden was on the assessee to prove that failure to return the ..... of rs. 24,203 was added as income from undisclosed sources. a penalty in the sum of rs. 24,300 was also imposed on the assessee under section 271(1)(c) of the act. on an appeal riled by the assessee, however, the tribunal set aside the order of imposition of penalty.3. it has been urged by learned counsel .....

Commissioner of Income-tax Vs. Vippy Solvex Products P. Ltd.

Court : Madhya Pradesh

Reported in : [1998]230ITR92(MP)

..... that the scheme of development rebate was discontinued through a notification dated may 25, 1971, in respect of plant and machinery installed after may 31, 1974. section 16of the finance act, 1974, however, provided that the benefit of the scheme would be available in some exceptional cases even in respect of plant and machinery installed after may 31 ..... , 1974. the relevant clause of section 16 of the act of 1974 thus reads as under (see [1974] 94 itr 46) :'(c) any machinery or plant [not being ..... order of the tribunal is based on appreciation of facts and no referable question of law, therefore, arises. the revenue has, therefore, approached this court under section 256(2) of the act.4. we have heard shri j. n. sharma, income-tax officer, appearing for the revenue, and shri s. s. samvatsar, learned counsel for the .....

Heavy Electricals Mazdoor Trade Union Vs. State of M.P. and ors.

Court : Madhya Pradesh

Reported in : [2006(109)FLR1180]; (2006)IILLJ1027MP; 2006(1)MPHT551; 2006(2)MPLJ289

..... depend on the nature, character, limits, dimensions and object of the piece of conditional legislation conferring the power. hence, the provisions of sub-section (3) of section 1 of the act which confers the power on the state government to issue the notification has to be examined for the purpose of finding out as to whether in ..... exercise of such powers, the state legislature has enacted the m.p. industrial relations act, 1960 (for short 'the act') with the assent, of the president of india. sub-section (3) of section 1 of the act provides that section 1 and section 112 of the act shall come into force at once and the state government may, by notification, bring ..... . the bengal finance (sales-tax) act had been extended to delhi with certain modifications. the object of the 1957 notification was not to extend a part a legislation to delhi, it was to modify the terms of an extension notified earlier. this was held to be impermissive inasmuch as all that the section permitted was an .....

Ved Prakash Sharma Vs. District Registrar,

Court : Madhya Pradesh

..... b-6-617-ctd-v-87 dated 30.05.1992 in exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of the indian stamp act, 1899 (not ii of 1899), the state government hereby remits stamp duty chargeable on instruments of sale to the extent ..... co-operative housing society registered or deemed to be registered under the 5 w.p. 7447/2007 m.p. cooperative societies act, 1960 constructed under the self finance scheme with the money received from the purchaser from the date of publication of the notice. admittedly, the flat which was ..... -1, professors colony, south civil lines, jabalpur. versus respondents:1. district registrar, jabalpur 2. collector, jabalpur 3. state of madhya pradesh through secretary, department of finance, vallabh bhawan, bhopal.4. m.p. housing board, hathital colony, jabalpur through its assistant commissioner, m.p. housing board, hathital colony, jabalpur --------------------------------------------------------------------------------------- petitioner by .....

Kothari and Company Vs. Cit

Court : Madhya Pradesh

Reported in : (2006)204CTR(MP)298

..... was shown. on the finding that while filing return in 1966 the assessee concealed his income he was held liable to penalty under section 271(1)(c). the department applied the law amended by finance act of 1968 in determining the quantum of penalty.held, that the quantum was to be determined by the law applicable in 1966 that ..... the revised return not being under section 139(5) had to be ignored and that the amendment of 1968 not being retrospective was not applicable ..... before the supreme court in the case of general finance co. v. asstt. commissioner (supra). in this case, assessee accepted in cash certain deposits of more than ps. 10,000 on different dates in 1985 contrary to the provisions of section 269ss of the act. a complaint of offence under section 276dd was therefore, filed by the it department .....

Piarelal Sakseria Family Trust Vs. Commissioner of Income-tax, M.P.

Court : Madhya Pradesh

Reported in : [1982]136ITR583(MP)

..... raised by the learned counsel for the parties it is useful to reproduce the relevant provisions of s. 164 of the act. section 164(1), as amended by the finance act, 1970, is as follow :'164. (1) subject to the provisions of sub-sections (2) and (3) where any income in respect of which the persons mentioned in clauses (iii) and (iv) ..... of sub-section (1) of section 160 are liable as representative assessee or any part thereof is not specifically receivable on behalf or for ..... , and corresponding provisions in the finance acts of 1972 and 1973 ?(2) whether, on the facts and in the circumstances of the case, the income of the trust could be charged to tax at the rate of 65% as provided under section 16 of the income-tax act, 1961 ?(3) whether, on the facts and in the circumstance of the case, .....

Piarelal Sakseria Family Trust Vs. Commissioner of Income-tax

Court : Madhya Pradesh

Reported in : (1982)136GLR583

..... considering the contentions raised by the learned counsel for the parties it is useful to reproduce the relevant provisions of section 164 of the act. section 164(1), as amended by the finance act, 1970, is as follows: '164. (1) subject to the provisions of sub-sections (2) and (3) where any income in respect of which the persons mentioned in clauses (iii) and (iv ..... 3,780, rs. 1,760 and rs. 1,670 for the assessment years 1971-72 to 1973-74, respectively. in view of the amendment of section 164 with effect from april 1, 1971, by the finance act, 1970, the ito elected to tax the income of each year at the rate of 65% on the facts hereinafter stated. 3. one shri piarelal ..... years 1971-72 to 1973-74, it was liable to tax in view of the provisions of section 164(1) of the act, the provisions of para. a of pt. i of the first schedule to the finance (no. 2) act 1971, and the corresponding provisions in the finance acts of 1972 and 1973 notwithstanding. 11. questions nos. 2, 3 and 4 are answered in .....

J.P. Tobacco Products Pvt. Ltd. Vs. Commissioner of Income-tax

Court : Madhya Pradesh

Reported in : (1997)140CTR(MP)329; [1998]229ITR123(MP)

..... so allowed and consider the income so reduced for the purpose of allowing deductions under section 80i or 80).6. sub-section (9) of section 80hh, as it stood prior to insertion of section 80i by the finance (no. 2) act, 1980, with effect from april 1, 1981, originally included only section 80j. section 80j providing for deduction in respect of. the profits and gains from newly established ..... by the amount of deduction under section 80hh of the act by the direct taxes (amendment) act, 1974, with effect from april 1, 1974, was inserted. section 80i was inserted in its present form by the finance (no. 2) act, 1980, with effect from april 1, 1981, and by the same finance (no. 2) act, section 80hh(9) was amended and the words 'section 80i or' were inserted to make .....

Smt. Shashi Devi Vs. Income-tax Officer and ors.

Court : Madhya Pradesh

Reported in : [2000]241ITR216(MP)

..... of other information it is found that a higher amount was invested than the amount disclosed, then suitable proceedings under the income-tax act can be taken against the assessee.13. section 64 of the finance act, 1997, simply provides that a person would be entitled to make voluntary disclosure of the income under the scheme. the effect is ..... not be explained by her, and, therefore, she made a disclosure under the voluntary disclosure of income scheme, 1997, promulgated by the government in accordance with section 62 of the finance act, 1997 (act no. 26 of 1997). the petitioner submits that according to the scheme a person could make a declaration in accordance with the provisions of ..... section 65 of the finance act for any assessment year of any income chargeable to tax which has escaped assessment by reason of omission or failure on the assessee's part .....