Judgment Search Results Home > Cases Phrase: finance act 1992 section 67 amendment of section 187 Court: madhya pradesh Page 6 of about 228 results (0.087 seconds)

Nandkishore Girdharilal Modi Vs. Commissioner of Wealth-tax

Court : Madhya Pradesh

Reported in : [1981]132ITR868(MP)

..... ornaments involved in the present case are of gold and they do not contain any jewel, they are not included in the term ' jewellery ' and, therefore, they do not come within the purview of the amendment made to section 5(1)(viii) of the act and the tribunal erred in law in holding that the ornaments in question are included in the term ' jewellery ' and, therefore, they cannot be excluded from the computation of the net wealth of the assessee. ..... : [1970]77itr505(sc) , the supreme court held that the value of all the jewellery intended for the personal use of the assessee stands excluded from the computation of the net wealth of the assessee under section 5(1)(viii) of the act as it stood prior to its amendment as aforesaid. ..... ) , in which it was held that even according to the dictionary meaning 'jewellery' and 'ornaments' can be collectively described as ' jewellery '; and if they are intended for the personal use of the assessee, could be excluded under section 5(1)(viii) of the act prior to its amendment. ..... 1, which was added to section 5(1)(viii) of the act, by the finance (no. ..... seems that because of the judgment of the supreme court'in arundhati's case : [1970]77itr505(sc) , parliament amendedthe provisions of section 5(1)(viii) of the act by adding the words ' but not including jewellery '. 6. ..... by the said finance act, retrospective operation was given with effect from april 1, 1963, to the words ' but not including jewellery ', while expln ..... 1 thereto were added by the finance (no. .....

Smt. Snehlata Vs. Union of India (Uoi) and anr.

Court : Madhya Pradesh

Reported in : (2006)204CTR(MP)317; [2008]296ITR529(MP)

..... learned counsel for the petitioner and the respondents and after perusing the petition, reply as well as the documents filed herein, this court is of the opinion that as per provision of the finance act, 1997 wherein chapter iv is for vdi scheme, 1997 and according to section 64, charge of tax on voluntarily disclosed income is prescribed. ..... 'it act means the it act, 1961' and in it act, 'income' is defined under section 2 sub-section (24) and in definition of income, the receipt of any cash or coin at the time of marriage by the spouse ..... main provision, any person could make a declaration in accordance with the provisions of section 65 in respect of any income earned prior to 31st day of december, 1997, chargeable to tax under the it act, for any assessment year. ..... the provisions of this scheme, where any person makes, on or after the date of commencement of this scheme, but on or before the 31st day of december, 1997, a declaration in accordance with the provisions of section 65 in respect of any income chargeable to tax under the it act for any assessment year.5. ..... the time of marriage by the petitioner on 11th july, 1959 from her relations, would not fall within the definition of 'income' for which the return could not be filed as per provision under section 139 of the it act.6. ..... the vdi scheme, 1997, any income which was not disclosed prior to december, 1997, could be declared, for which the assessment (sic-retum) was not filed as per provisions under section 139 of the it act. .....

Vidyut Upbhokta Association Society and anr. Vs. Union of India (Uoi) ...

Court : Madhya Pradesh

Reported in : 2006(1)MPHT379; 2005(4)MPLJ397

..... - (1) the members of the commission shall be the persons of ability, integrity and standing who have adequate knowledge and experience of, or have shown capacity in dealing with problems relating to engineering, economics, commerce, finance, law administration or management and further that all times the commission shall consist of- (a) one person having qualification and adequate experience in the field of engineering with specialization in generation or transmission or sub transmission or distribution of electricity; ..... of the state - chairman;(b) the chairman of the central electricity authority or in his absence a member nominated by the chairman of the central electricity authority - member;(c) the managing director of a public financial institution as set out in sub-section (1) of section 4a of the companies act, 1956 (1 of 1956) or the managing director of an undertaking owned or controlled by the government of india engaged in the business of an electricity industry for funding ..... the effect of sub-section (2) of section 84 of electricity act is that if the chairperson to be appointed is a person who is or has been a judge of a high court, then it will not be necessary to verify the ability, integrity and standing of such person or to verify whether he has adequate knowledge of, and have shown capacity in, dealing with problems relating to engineering, finance, commerce, economics, law or management ..... may, as and when considered necessary, by notification amend the schedule. .....

Harvansh and Sons Vs. Union of India

Court : Madhya Pradesh

Reported in : [2003]133TAXMAN926(MP)

..... that section 44ac was omitted on 1-4-1993 by finance act, 1992 and section 206c ..... finance act, 1990 has further amended section 44ac so as to include a co-operative society also within the meaning of the term seller as defined therein, the said amendment has also come into effect from assessment year 1991-92 and will, accordingly, apply to collections made under section ..... the second important aspect is that by the finance act, 1990, an explanation was inserted in sub-section (1)(a) of section 44ac of the act where by purchase price was defined to mean any amount (by whatever name called) paid or payable by the buyer to obtain the goods referred to in that clause, except ..... intoxicating drugs by an acreagate rate levied on the cultivation of the hemp plant or by a rate charged on the quantity collected;(b) on spirit or beer manufactured in any distillery established or any distillery or brewery licensed under this act(i) in accordance with such scale of equivalents calculated on the quantity of materials used, or by the degree of attenuation of the wash or wort, as the case may be, as the state government may prescribe or;(ii) by a ..... the finance act, 1990 has amended the said section to provide that the purchase price would mean any amount (by whatever name called) paid or payable by the buyer to obtain the goods referred to in that section except ..... amendment has come into force with effect from the assessment year 1991-92-and, therefore, will be applicable to the collections under section .....

M/S Lafarge India (P) Ltd Vs. the State of Madhya Pradesh

Court : Madhya Pradesh

..... similar benefits to units undertaking expansion/diversification for their expanded/diversified capacity and incremental production under the industrial policy of the then state of bihar [crystalised in notification so no.478 dated dec.22, 1995, under section 7(3)(b) or the bihar finance act, 1981].does not come to an end on the appointed day [nov.2000].on which on re-organisation, the existing states of bihar was bifurcated into two states, bihar and jharkhnad,but, enures to the ..... of bihar issued under section 7(3) (b) of the bihar finance act, enures to the benefit of the beneficiaries under the policy and under the notification 5 after the appointed ..... section 85 they continue to operate until repealed or amended. ..... notification no.478 had not been modified amended or altered by the state of jharkhand and it must continue to operate in the state till such time as it is modified repealed or ..... section 84 of the re-organisation act creates a fiction that despite the division of the erstwhile state of bihar into two states, any law inforce immediately before the appointed day not withstanding territorial references in them shall until otherwise provided ..... after coming into force of m.p.state reorganization act w.e.f.1.11.2000, a new state of chhattisgarh was ..... as 6 envisaged in section 91, the notification must prevail and the benefits flowing therefrom must accrue to the beneficiaries one must not permit one;s mind to boggle by imagining that what was one state earlier has not .....

Kranti Kumar Saxena, in Re

Court : Madhya Pradesh

Reported in : (2002)178CTR(MP)455

..... to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct income tax thereon at the rates in force :(***) omitted by the finance act, 1992, with effect from 1-6-1992.explanation : for the purposes of this section, where any income by way of interest as aforesaid is credited to any account, whether called 'interest payable account' or 'suspense account' or by any other name, in the books of account of the person liable to pay ..... (***) omitted by the finance act, 1992, with effect from 1-6-1992. ..... ((2)***) omitted by the finance act, 1992 with effect from 1-6-1992. ..... (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that act); or(b) time deposits with a co operative society engaged in carrying on the business of banking;(c) deposits with a public company which is formed and registered in india with the main object of carrying on the business of providing long term finance for construction or purchase of houses in india for residential purposes and which is for the time being approved by the central government for the purpose of clause .....

M/S Lafarge India Pvt.Ltd. O Atul Vihar Wright Town Jabalpur Vs. the S ...

Court : Madhya Pradesh

..... similar benefits to units undertaking expansion/diversification for their expanded/diversified capacity and incremental production under the industrial policy of the then state of bihar [crystalised in notification so no.478 dated dec.22, 1995, under section 7(3)(b) or the bihar finance act, 1981].does not come to an end on the appointed day [nov.2000].on which on re- organisation, the existing states of bihar was bifurcated into two states, bihar and jharkhnad,but, enures to the beneficiaries ..... of bihar issued under section 7(3)(b) of the bihar finance act, enures to the benefit of the beneficiaries under the policy and under the notification after the appointed ..... section 85 they continue to operate until repealed or amended. ..... notification no.478 had not been modified amended or altered by the state of jharkhand and it must continue to operate in the state till such time as it is modified repealed or ..... section 84 of the re-organisation act creates a fiction that despite the division of the erstwhile state of bihar into two states, any law inforce immediately before the appointed day not withstanding territorial references in them shall until otherwise provided ..... after coming into force of m.p.state reorganization act w.e.f.1.11.2000, a new state of chhattisgarh was ..... as envisaged in section 91, the notification must prevail and the benefits flowing therefrom must accrue to the beneficiaries one must not permit one;s mind to boggle by imagining that what was one state earlier has not .....

M/S Mudar HusaIn Vs. the State of Madhya Pradesh

Court : Madhya Pradesh

..... similar benefits to units undertaking expansion/diversification for their expanded/diversified capacity and incremental production under the industrial policy of the then state of bihar [crystalised in notification so no.478 dated dec.22, 1995, under section 7(3)(b) or the bihar finance act, 1981].does not come to an end on the appointed day [nov.2000].on which on re- organisation, the existing states of bihar was bifurcated into two states, bihar and jharkhnad,but, enures to the beneficiaries ..... of bihar issued under section 7(3)(b) of the bihar finance act, enures to the benefit of the beneficiaries under the policy and under the notification after the appointed ..... section 85 they continue to operate until repealed or amended. ..... notification no.478 had not been modified amended or altered by the state of jharkhand and it must continue to operate in the state till such time as it is modified repealed or ..... section 84 of the re-organisation act creates a fiction that despite the division of the erstwhile state of bihar into two states, any law inforce immediately before the appointed day not withstanding territorial references in them shall until otherwise provided ..... after coming into force of m.p.state reorganization act w.e.f.1.11.2000, a new state of chhattisgarh was ..... as envisaged in section 91, the notification must prevail and the benefits flowing therefrom must accrue to the beneficiaries one must not permit one;s mind to boggle by imagining that what was one state earlier has not .....

Smt.Seema Kurmi Vs. the State of Madhya Pradesh

Court : Madhya Pradesh

..... similar benefits to units undertaking expansion/diversification for their expanded/diversified capacity and incremental production under the industrial policy of the then state of bihar [crystalised in notification so no.478 dated dec.22, 1995, under section 7(3)(b) or the bihar finance act, 1981].does not come to an end on the appointed day [nov.2000].on which on re- organisation, the existing states of bihar was bifurcated into two states, bihar and jharkhnad,but, enures to the beneficiaries ..... of bihar issued under section 7(3)(b) of the bihar finance act, enures to the benefit of the beneficiaries under the policy and under the notification after the appointed ..... section 85 they continue to operate until repealed or amended. ..... notification no.478 had not been modified amended or altered by the state of jharkhand and it must continue to operate in the state till such time as it is modified repealed or ..... section 84 of the re-organisation act creates a fiction that despite the division of the erstwhile state of bihar into two states, any law inforce immediately before the appointed day not withstanding territorial references in them shall until otherwise provided ..... after coming into force of m.p.state reorganization act w.e.f.1.11.2000, a new state of chhattisgarh was ..... as envisaged in section 91, the notification must prevail and the benefits flowing therefrom must accrue to the beneficiaries one must not permit one;s mind to boggle by imagining that what was one state earlier has not .....

Anil Kumar Singh Vs. the State of Madhya Pradesh

Court : Madhya Pradesh

..... similar benefits to units undertaking expansion/diversification for their expanded/diversified capacity and incremental production under the industrial policy of the then state of bihar [crystalised in notification so no.478 dated dec.22, 1995, under section 7(3)(b) or the bihar finance act, 1981].does not come to an end on the appointed day [nov.2000].on which on re- organisation, the existing states of bihar was bifurcated into two states, bihar and jharkhnad,but, enures to the beneficiaries ..... of bihar issued under section 7(3)(b) of the bihar finance act, enures to the benefit of the beneficiaries under the policy and under the notification after the appointed ..... section 85 they continue to operate until repealed or amended. ..... notification no.478 had not been modified amended or altered by the state of jharkhand and it must continue to operate in the state till such time as it is modified repealed or ..... section 84 of the re-organisation act creates a fiction that despite the division of the erstwhile state of bihar into two states, any law inforce immediately before the appointed day not withstanding territorial references in them shall until otherwise provided ..... after coming into force of m.p.state reorganization act w.e.f.1.11.2000, a new state of chhattisgarh was ..... as envisaged in section 91, the notification must prevail and the benefits flowing therefrom must accrue to the beneficiaries one must not permit one;s mind to boggle by imagining that what was one state earlier has not .....