Judgment Search Results Home > Cases Phrase: finance act 1994 chapter 6 foreign travel tax Court: gujarat Page 2 of about 275 results (0.045 seconds)

Bai Hiralaxmi and ors. Vs. Municipal Corporation of the City of Ahmeda ...

Court : Gujarat

Reported in : AIR1967Guj198

..... merely exercised that right. it is denied that the determination of the higher rates of tax as done by the corporation in effect nullified the provisions of the finance act. it is denied that the necessary rules for assessment were not followed or that proper assessment book was not kept. it is denied that authentication of the assessment ..... act, and therefore, the bills and demand notices issued for the general tax were ultra vires and inoperative. section 99, amongst other things lays down that the corporation shall, on or before the 20th day of february, after considering the standing committee's proposals in this behalf, determine, subject to the limitations and conditions prescribed in chapter xi ..... that takes us to the 5th contention of the petitioners which is based on the plea that when the u.ip. tax was levied by the government under the finance act, the properties of which the rateable value was between re. 1/- and rs. 200/- were exempted from the u.i.p. tax, but by the resolution .....

Tata Teleservices Vs. Union of India

Court : Gujarat

..... the financial year in which the statement is filed for the said years. 3.1 the respective petitioners have also prayed to declare that section 201 of the act as amended by finance act, 2014 (act no.2 of 2014) is prospective and does not apply to the proceedings where period of passing the order has expired before 1/10/2014. 4. ..... applicable retrospectively, it has been so provided. 12.15 at this stage, it is required to be noted that while making amendment in section 201(3) of the act by finance act no.2 of 2014, does not so specifically provide that the said amendment shall be made applicable retrospectively. 12.16 on the other-hand, it is specifically stated that ..... payment was made. 12.13 the reasons for amendment in section 201(3) so stated in the memorandum to the finance bill no.2 of 2014 reads as under : "tax deduction at source : under chapter x vll-b of the act. a person is required to deduct tax on certain specified payments at the specified rates if the payment exceeds specified .....

United India Insurance Company Ltd. Vs. Mohanlal Aggarwal

Court : Gujarat

Reported in : 2004ACJ1657

..... of high claim ratio after having accepted the premium was also arbitrary, unfair and unjustifiable at law. reference was made to section 9 of the health insurance act, 1994 of ireland to illustrate that a registered undertaking was restrained thereunder from terminating or refusing to renew a health insurance contract without consent of the other party. ..... workers are fundamental rights to workmen. in paragraph 18 of the judgement, it was held that : 'it would thus be well settled law that the preamble chapter of fundamental rights and directive principles accord right to livelihood as a meaningful life, social security and disablement benefits are integral schemes of socio-economic justice to the ..... dated 18th july 1986 issued by the c.b.d.t. under section 119 of the income-tax act, 1961, in which, there is a reference to the budget speech in the year 1986-87 of the finance minister in which a proposal to provide relief to self-employed persons and salary earners other than those whose .....

Deputy Commissioner of Income-tax Vs. Core Healthcare Ltd.

Court : Gujarat

Reported in : (2001)169CTR(Guj)416; [2001]251ITR61(Guj)

..... our attention was also drawn to circular no. 461, dated july 9, 1986. the said circular deals with the explanatory notes on the provisions relating to direct taxes in the finance act, 1986 : at [1986] 161 itr 30, it is laid down as under :'(ix) modification in the definition of 'actual cost' for the. purposes of depreciation, investment ..... 1st april, 1974, and will, accordingly, apply in relation to the assessment year 1974-75 and subsequent years. [section 9 of the finance act]'. therefore, as can be seen explanation 8 was inserted to counter act tax avoidance by way of claiming depreciation, investment allowance, etc., on a larger amount of actual cost. neither in the notes on ..... that the borrowing must be for the purposes of business.19. our attention was drawn to the notes on clauses accompanying the finance bill, 1986, by which explanation 8 to clause (1) of section 43 of the act was inserted. the same is reproduced hereunder (see [1986] 158 itr 81, 88) :'clause 9 seeks to insert a .....

Commissioner of Income Tax Vs. India Gelatine and Chemicals Ltd.

Court : Gujarat

Reported in : (2005)194CTR(Guj)492; [2005]275ITR284(Guj)

..... given in the said decision that the cash subsidy is directly concerned with the export of the goods and eligible for rebate under section 2(5) of the finance act, 1964. this court laid down the following principle in the calico case:-'the words 'derived from exports' cannot be interpreted as meaning 'referable to exports'. profits ..... account for reducing the actual cost of acquisition of the assets.the above view came to be approved by the apex court in cit vs . pj chemicals, : [1994]210itr830(sc) .15. we are of the view that the same distinction would apply while considering the various incentives being given to an industrial undertaking. if the ..... the expression 'attributable to'. had it been the intention of the parliament that all business income qualified for the benefit under sections 80j and 80hh of the act, the statutory language would have been different. the fact that an expression which had the narrower meaning has been used, warrants the inference that the legislature intended .....

Commissioner of Income-tax Vs. Raymon Glues and Chemicals

Court : Gujarat

Reported in : (2005)195CTR(Guj)518; [2005]277ITR529(Guj)

..... placed hereinbefore is in consonance with circular no. 372 dated 8th december 1983 which gives the explanatory notes on the provision relating to direct taxing as incorporated in the finance act, 1983. in paragraph no.42.2(iii), this is what is stated :'42.2 (iii) the tax concession at (b) above will be available only if ..... of calcutta high court in case of commissioner of income-tax v. indian products ltd. : [1994]207itr647(cal) .6. section 80hhc of the act, as applicable to the assessment year under consideration, was introduced with effect from 1st april 1983 by the finance act, 1983, and reads as under :'deduction in respect of export turnover :80hhc. (1) where the ..... income tax appellate tribunal, ahmedabad bench 'b' has referred the following question for the opinion of this court under section 256(1) of the income tax act, 1961 (the act) at the instance of the commissioner of income tax, baroda.'whether the appellate tribunal is right in law and on facts in holding that deduction u/s .....

Commissioner of Income-tax Vs. Vijay Ship Breaking Corporation

Court : Gujarat

Reported in : [2003]261ITR113(Guj)

..... be seen that this decision was rendered on september 23, 1974, much prior to the insertion of the provisions of clause (v) in section 9(1) of the act by the finance act, 1976, with effect from june 1, 1976. (t) the decision of the supreme court in central bank of india v. ravindra : air2001sc3095 was cited to point out ..... have been and are increasingly straining to get away from the exclusive bargain theory and the requirement of consideration. dean roscoe pound in his jurisprudence, volume iii, in chapter 14, places fifteen such exceptions under four different heads. under heading iv, intention to be bound in a business transaction at page 212, in the context of the ..... at seller's costs and acceptable to sellers through any nationalised indian bank, to be established in favour of the sellers for the net amount by september 19, 1994. the letter of credit was to be released to the sellers immediately after the notice of readiness had been given by the buyers and upon presentation to the .....

Commissioner of Income-tax Vs. Arvind Mills Ltd.

Court : Gujarat

Reported in : (2001)171CTR(Guj)362; [2002]254ITR529(Guj)

..... of the difference in other provisions falling under heading c of chapter vi-a and the language employed in section 80hhc of the act. on the contrary, there is an inherent indication in the act when one reads the provision of section 80hhb of the act which was introduced by the finance act, 1982, with effect from april 1, 1983. the language ..... provisions which have been contemplated to be governed by the provisions of section 80ab of the act.13. section 80ab of the act was introduced by the finance (no. 2) act of 1980, with effect from april 1, 1981. while section 80hhc was introduced by the finance act, 1983, with effect from april 1, 1983. therefore, the contention raised on behalf of ..... his submissions :cit v. v.t. joseph : [1997]225itr731(ker) ; cit v. k.k. doshi and co. : [2000]245itr849(bom) ; h.h. sir rama varma v. cit : [1994]205itr433(sc) ; and cit v. m.k. raju consultants (p.) ltd. : [1999]239itr232(mad) . 9. as against this, on behalf of the assessee, mr. shah has submitted that the .....

Sales Tax Officer (Enforcement) Vs. Fag Precision Bearings Ltd.

Court : Gujarat

Reported in : [2005]141STC339(Guj)

..... tax thereon computed at the prescribed rates amounts to an admission of tax liability which the assessee admits to have incurred in accordance with the provisions of the finance act and the income-tax act. both the quantum of tax payable and its mode of recovery are authorised by law. the liability to pay income tax chargeable under sec. 4(1 ..... sub-section (1), income-tax shall be deducted at the source or paid in advance, where it is so deductible or payable under any provision of this act.'12b. chapter xiv of the income-tax act starting with sec. 139 provides procedure for assessment. sec. 139 provides return of income which reads as under:'return of income:- (1) every person, ..... proceedings for the period 1990-91 were not time barred as a bar for limitation was lifted by amendment of sec. 42 of gujarat sales tax act with effect from 31.3.1994. therefore, it is contended that quashing of the assessment order in this behalf for 1990-91 for the said period requires to be reviewed.16a. .....

Commissioner of Income-tax Vs. City Gold Entertainment (P.) Ltd.

Court : Gujarat

..... ) carriage of goods and passengers by any mode of transport other than by railways; (d) catering.' 9. the abovementioned explanation has been inserted by the finance act, 1994 w.e.f 1-7-1995. the exhibition of film in theatre is not an activity expressly covered by the explanation iii. anything which is not expressly ..... provision for bringing the service contract and professional service within the purview of the provision relating to tax deduction at source, by the finance bill, 1987 which has been quoted above. once again the finance bill, 1995, a similar insertion has been proposed. had the service rendered by the professionals like, advocates, chartered accountants, engineers ..... , the appellate tribunal was right in law in holding that cinecasting/distribution of movies would be outside the purview of section 194c of the income tax act, 1961 requiring tax deduction at source?" 3. the assessee firm which runs a multiplex theatre had an agreement with the distributor of certain movies for .....