Judgment Search Results Home > Cases Phrase: finance act 1994 chapter 6 foreign travel tax Page 9 of about 24,389 results (0.196 seconds)

The Commissioner of Income Tax and Vs. Brindavan Beverages Ltd.

Court : Karnataka

Reported in : (2010)228CTR(Kar)1; [2010]186TAXMAN233(Kar)

..... does not help the assessce. for the simple reason that the circular had been issued in the context of introduction of the provisions of section 115jb of the act by finance act 2000 [central act no 10 of 2000j with effect from 1-4-2001, that circular cannot have any bearing on the earlier statutory provision in terms of section 115ja of the ..... by those reserves or provisions (out of which the said amount was withdrawn) under this explanation; or(ii) the amount of income to which any of the provisions of chapter in applies, if any such amount is credited to the profit and loss account; or(iii) the amount of loss brought forward or unabsorbed' depreciation, whichever is less as ..... or(e) the amount or amounts of dividends paid or proposed; or(f) the amount or amounts of expenditure relatable to any income to which any of the provisions of chapter ui applies;if any amount referred to in clauses (a) to (f) is debited to the profit and loss account, and as reduced by-(i) the amount withdrawn from .....

K.J. Joseph and ors. Vs. Income-tax Officer, a Ward

Court : Kerala

Reported in : [1980]121ITR178(Ker)

..... shall be included all income on which no income-tax is payable, under chapter vii. chapter vii provides for incomes forming part of total income on which no tax is payable. this chapter originally contained sections 81 to 85(c). sections 81 to 85 were deleted by the finance act no. 2 of 1967. sections 86 and 86a are the sections now retained ..... in this chapter. section 110 of the act provides that where there is included in the total income of the ..... assessee any income on which no income tax is payable under the provisions of the act, the assessee shall be entitled .....

M/s. Hindustan Petroleum Corporation Ltd. and Another Vs. Union of Ind ...

Court : Karnataka

..... petitioner availed credit of service tax paid on various input services and has also undertaken to comply with the procedures as stipulated in the finance act, 1994 read with the service tax rules, 1994 as well as the cenvat credit rules, 2004. the audit wing of the service tax commissionerate audited the accounts of the petitioner for the ..... in operation, unless by a contra indication it is made only prospective. 23. the aforesaid dicta could be applied to the provisions of the act under consideration. chapter via of the act deals with appeals. the right to file an appeal to the commissioner (appeals) or to the appellate tribunal against any order of a lower ..... (appeals) under section 35a; (c) an order passed by the central board of excise and customs constituted under the central boards of revenue act, 1963 (54 of 1963) (hereafter in this chapter referred to as the board) or the appellate commissioner of central excise under section 35, as it stood immediately before the appointed day; (d .....

City Tobacco Mart and ors. Vs. Income-tax Officer, Urban Circle, Banga ...

Court : Karnataka

Reported in : AIR1955Kant49; AIR1955Mys49

..... aswell as to 'secure finality and validity of completed proceedings', under the pre-existing state legislation. this is made clear by section 13(1)of the indian finance act which states that the state legislation shall cease to have effect except for, levy, assessment and collection of income-tax and super-tax in respect of some previous ..... article 278 authorises the government of india to enter into an agreement with the government of a part b state and provides for the-provision of the chapter in which articles 265 and 278 are found to have effect subject to the terms of such agreement. since such an agreement has been entered into and ..... affecting most federal subjects (including taxes on income) which will arise in connection with federal financial integration in all states, have been set out in paragraph 11 of chapter ii in part ii of our eeport. those relating to legal matters are, however, reproduced below for convenient reference : legislation relating to 'federal' subjects should-be .....

Sahara India Airlines Vs. Union of India

Court : Delhi

Reported in : 74(1998)DLT851; 1998(44)DRJ74

..... r.c. lahoti, j. 1. the petitioner company is a scheduled airlines operating its flights on various domestic sectors within the country. chapter v of the finance act, 1989 provides for levy of tax on all passengers embarking on inland journey by air, called the inland air traffic tax (iatt for short). the said tax is ..... deposits of tax by the petitioners with the central government and the months for which the deposit related. this statement shows the collections for the months of january, 1994, february, 1994, march, 1994, april, 1994, may, 1994 and january, 1995 having been made respectively on 4.4.94, 22.6.94, 16.9.94, 20.9.94 and 20.4.95 in support ..... the name of discretion afford to by-pass and ignore the provision for minimum penalty statutorily prescribed. 17. the case of akbar badrudin zibani (supra) was under the customs act and their lordships had formed an opinion (vide para 61) that the import was on a bonafide belief that the stone slabs were not marble and hence the imposition .....

Unit Trust of India, Mumbai and anr. Vs. P.K. Unny and ors.

Court : Mumbai

Reported in : 2001(3)BomCR673; 2002(1)MhLj301

..... manner laid down in section 6. section 5a defines 'credit institution' inter alia to mean a public financial institution as defined in section 4a of the companies act. by the finance act (no. 2) of 1991, uti is a credit institution. in section 2(7) the word 'interest' is defined to mean interest on loans and such ..... computation whereas the word 'income' in the general sense covers all receipts. therefore, the discussion indicates that the legislature has carefully used the word 'income' in chapter v which deals with allocation and distribution in contradistinction to the word 'income, profits and gains' in section 21 and also in section 32. section 22 refers to ..... a particular scheme as reduced by the interest/expenses charged to that capital is required to be distributed amongst the unit holders under that particular scheme. therefore, chapter v deals with allocation and distribution of income. under section 25b, the trust may establish a reserve fund by transferring sums as it may deem fit .....

J.K. Industries Ltd. and anr. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : [2008]143CompCas325(SC); (2008)5CompLJ369(SC); (2007)213CTR(SC)301; [2008]297ITR176(SC); 2007(13)SCALE204; [2007]80SCL283(SC); 2007AIRSCW7443

..... present, the taxes that can be deducted are income tax, fringe benefit tax (fbt), minimum alternate tax (mat). similarly, any surcharge or cess levied by the finance act as a percentage of such taxes will also be deductible. according to learned counsel, gross receipts of any company can be reduced by following items to arrive at profits ..... one point of time in the past strict legal concept of 'accrual' was laid down in the case of commissioner of income tax v. tungabhadra industries ltd. : [1994]207itr553(cal) (cal.). however, according to learned counsel, that strict legal concept is no longer accepted by the courts and for that purpose learned counsel places reliance on ..... deduction during the tax holiday period as per the requirements of sections 80ia/80ib of the income-tax act, 1961 (hereinafter referred to as the 'act'). in case of sections 10a/10b of the act (covered under chapter iii of the act dealing with incomes which do not form part of total income), the deferred tax in respect of .....

Hiten Rashmikant Mehta and Swati Hiten Mehta Vs. Union of India (Uoi) ...

Court : Mumbai

Reported in : (2007)109BOMLR2567; (2008)214CTR(Bom)303; [2009]311ITR212(Bom)

..... -a shall not apply to or in relation to the transfer of immovable property made after 30th september, 1986. simultaneously, by the said finance act, 1986, chapter xx-c was inserted in to the act w.e.f. 1st october, 1986 empowering the central government to purchase immovable properties in certain cases of transfer.7. on 14th october, 1986, the petitioners as a ..... of the principles of natural justice. reliance placed on the decision of this court in the case of smt. vimla devi g. maheshwari v. s.k. laul reported in : [1994]208itr734(bom) does not support the case of the revenue, because, even in that case, it is held that the order of the aa can be interfered with if it ..... c.b. gautam (supra), the provisions of chapter xx-c can be resorted to only when there is a significant undervaluation to the extent of 15% of the fair market value with a view to evade tax. as held by this court in the case of vimal agarwal v. appropriate authority reported in : [1994]210itr16(bom) , it is necessary first to .....

Srei Infrastructure Finance Limited Vs. Union of India (Uoi)

Court : Kolkata

Reported in : 2009(238)ELT579(Cal),2008[11]STR457

..... petition the legislative competence of the union government to levy service tax on hire-purchase agreement and lease financing services. admittedly both these items have been covered under the provisions of chapters 5 and 5a (sic) (chapter v and va) of the finance act, 1994. on this aspect the petitioners case is that the transaction as regards services being rendered by the ..... -10-1989 stipulates as follows:complaints have been received from the trade that in some of the collectorates summons under section 14 of the central excises and salt act, 1944 are being issued to the managing directors and other high officers with a view to enforce recovery of dues which are under dispute. action under this ..... orderaniruddha bose, j.1. the petitioner no. 1 herein is a non-banking financial company engaged in the business, inter alia, of lease financing and hire-purchase. the rest of the petitioners are directors and officers of the petitioner-company.2. in this writ petition the main grievance of .....

Airlines Agents Association Vs. Union of India (Uoi)

Court : Chennai

Reported in : 2006[3]STR3

..... will, therefore, proceed to consider the challenge.5. before we proceed, it will be better to see the relevant provisions of the finance act, 1994. the relevant provisions are :65. definitions.in this chapter, unless the context otherwise requires,(3) 'air travel agent' means any person engaged in providing any service connected with the booking of ..... the charge of service tax. therefore, all these provisions are liable to be declared 'unenforceable'.ii. rule 6(7) of the rules framed under the finance act, 1994 which provides for alternative mode of levy on the basic fare of passage for travel by air, at the rate of 0.25% in case of domestic ..... counsel abandoned the challenge regarding the 'constitutionality' and restricted himself only to two propositions. the said propositions are :i. that section 67(k) of the finance act, 1994 which provides for valuation of taxable services for charging service tax is inconsistent with the provisions of section 65(3) and section 65(48)(i) which provisions .....