Finance Act 1992 Section 16 - Judgment Search Results

A.A. Salam Vs. Assistant Commissioner of Wealth

Court: Income Tax Appellate Tribunal ITAT Cochin

Reported in: (2007)106TTJ(Coch.)1140

..... wide enough to cover every property save specifically exempted under section 2 e by the finance act 1992 section 2 ea was brought on the statute book giving the definition of asset ..... act even in the case of the individual and huf in our opinion the cash in hand duly recorded in the books of account by the assessees who are the individuals and hufs are the commercial assets and hence productive assets 16 .....

Bhagwan Singh and Others Vs. Union of India and Others.

Court: Patna

statute book and section 206c has been substituted by the finance act 1992 which came into force with effect from april a detailed consideration of the provisions of the income tax act 1961 and the bihar excise act 1915 and the rules and section 206c has been substituted by the finance act 1992 which came into force with effect from april 1 1992 by reason of the finance act 1992 in terms whereof section 44ac has since been deleted and section 206c has been

Bhagwan Singh and ors. Vs. Union of India (Uoi) and ors.

Court: Patna

..... pending consideration before the supreme court in the meantime by the finance act 1992 section 44ac has been deleted from the statute book and section 206c has been substituted making it self contained the effect ..... ram gupta had sub let or assigned the licence obtained by him to the firm 16 the bench after considering a large number of decisions cited at the bar held as .....

Satya Pal Amrik Singh and Co. and ors. Vs. Union of India (Uoi) and or ...

Court: Punjab and Haryana

Reported in: [1997]228ITR653(P& H)

..... excise duty payable by petitioners holding l 14 liquor licences 15 by the finance act 1992 section 44ac was deleted from the act however deduction of income tax at source was again resorted to under ..... case the collection of income tax from l 13 licence holders would be arbitrary if 16 8 per cent is collected from the petitioners at the time of making purchase of .....

Chandigarh Distillers and Bottlers Ltd. and Patiala Distilleries and M ...

Court: Punjab and Haryana

Reported in: [2002]253ITR205(P& H)

..... the supreme court 4 thereafter by virtue of the finance act 1992 section 44ac of the 1961 act was deleted and its substantial portion was incorporated in section 206c making it a charging as well as ..... collection of tax at source do not apply to them consequently the letter dated june 16 1998 annexure r3 1 must be held to be illegal and contrary to law and .....

ito Vs. Shri Yogi H. Aggarwal, Associated

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)278ITR116(Mum.)

..... knowledge and experience 12 with effect from 1 4 93 by the finance act 1992 section 10 32 was also inserted which reads as under in the case of an assessee ..... dividend etc 80l 1 where the gross total income of an assessee being 16 section 80l 1 contains the word assessee after the insertion of clause 1a to section 64 minor cannot be assessed unless the minor child suffering from any disability of .....

Saini and Co. Vs. Union of India

Court: Himachal Pradesh

Reported in: [2001]113TAXMAN55(NULL)

..... there were two provisions in the act i e sections 44ac and 206c the former being imposing section and the latter being collecting provision by the finance act 1992 section 44ac was deleted from the statute ..... affidavits and further affidavits were filed by the authorities as well as contesting respondents 16 in counter affidavits the respondents stated that no doubt in gian chand ashok kumar .....

Saini and Co. and ors. Vs. Union of India (Uoi) and ors.

Court: Himachal Pradesh

Reported in: [2000]246ITR762(HP)

..... petitioners there were two provisions in the act i e sections 44ac and 206c the former being imposing section and the latter being collecting provision by the finance act 1992 section 44ac was deleted from the statute ..... the matter is straightaway placed before the full bench consisting of three judges on may 16 2000 for final hearing 2 the petitioners have filed the present petition by invoking the .....

Commissioner of Wealth Tax Vs. Cosmopolitan Hospitals (P) Ltd.

Court: Kerala

Reported in: (2003)185CTR(Ker)111; [2004]265ITR312(Ker)

..... rate of tax is provided at 2 per cent of the net wealth by the finance act 1992 section 13 of the finance act 1960 and section 40 of the finance act 1983 have been omitted w e f 1st april 1993 9 now we shall consider ..... exemption to a building used by the assessee for the purpose of its own business 16 thus according to the tribunal the building used as hospital which is the business of .....

State Bank of Travancore Employees Union Vs. Commissioner of Wealth-ta ...

Court: Chennai

Reported in: (1998)149CTR(Mad)418; [1999]238ITR466(Mad)

..... year 1984 85 and that was limited to only closely held companies by the finance act 1992 section 40 of the finance act 1983 was omitted with effect from april 1 1993 21 the position as ..... v sodra devi 1957 32itr615 sc a decision rendered under section 16 3 of the indian income tax act 1922 section 16 3 of the 1922 act inter alia provided that in computing the total income .....