Judgment Search Results Home > Cases Phrase: finance act 1994 chapter 8 miscellaneous Court: delhi Page 95 of about 14,730 results (0.173 seconds)

Anant Raj Industries Ltd. Vs. Joint Cit, Spl. Range-7

Court : Income Tax Appellate Tribunal ITAT Delhi

..... vice president has taken the correct view of the section. i have carefully considered the provisions of section 27(iiib). this clause was inserted into the section by the finance act, 1987, with effect from 1-4-1988. it says that for the purposes of sections 22 to 26, a person who acquires any rights (excluding any rights ..... referred to in clause (f) of section 269ua, shall be deemed to be the owner of that building or part thereof. section 269ua(/) is placed under chapter xx-c of the act which provides for purchase by central government of immovable properties in certain cases of transfer. "transfer" is defined in the clause as follows: (i) in relation ..... somehow could not muster. it, therefore, approached the assessee for putting up the funds.it is in this background that an agreement was entered into on 27-7-1994 which is styled as "contract for construction services". the preamble narrates that vaitalik got the plans for the construction of the building approved and even commenced the work .....

Shivnath Rai HarnaraIn (India) Vs. Dcit

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2008)304ITR271(Delhi)

..... up to the date of the commencement of such search, and lay down the manner in which such income is to be computed. the finance act, 2003, has provided that the provisions of this chapter shall not apply where a search is initiated under section 132, or books of account, other documents or any assets are requisitioned under section ..... chargeable at the rate or rates as applicable to such assessment year.13. from a bare reading of the provisions of sections 153a, 153b of the act, budget speech of minister of finance for 2003-2004 and the departmental circular dated september 5, 2003 (see 12003] 263 itr (st.) 62), it is manifestly clear that after may ..... jurisdictional high court or supreme court does not apply to the issue under consideration before us which relates to provision of section 153a of the act which has been introduced by the legislature after omitting the chapter xiv b relating to block assessments for undisclosed income in the case of searches conducted under section 132 of the .....

Girnar Investment Ltd Vs. the Commissioner of Income Tax 4

Court : Delhi

..... period of thirty days, from the expiry of the period of thirty days till the tax is actually paid. the first proviso to the sub- section inserted by the finance act, 1963 with retrospective effect from 1- wp(c) no.5750/2010 page 6 of 30 4-1962 provides that where as a result of an order of rectification/amendment ..... have been vehemently opposed by the ld. standing counsel..10. section 220 provides for a situation "when tax payable and when assessee deemed in default". it is placed in chapter xvii which is titled "collection and recovery of tax" and is the first section placed under sub- head "d-collection and recovery". sub-section (1) in brief provides ..... was held by the madras high court after elaborately noticing several authorities cited before it, including the two judgments of this court in bharat commerce and industries ltd. v cit (1994) 210 itr 13 and bharat commerce and industries ltd v union of india (1991) 188 itr 277, as follows: "as stated earlier, the correct legal effect of .....

The Commissioner of Income Tax (Central-ii) Vs. Goetze (India) Limited

Court : Delhi

..... (i) to explanation 115ja and specially its proviso will lead to absurdities and incongruities. minimum alternation taxation on book profits became a part of the act, i.e., income tax act, 1961, by finance act, 1987 with effect from 1st april, 1988 with insertion of section 115j.the said section became applicable with effect from 1 st april, 1989 and ..... 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 iii 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 ..... 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 iii 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 .....

M/S Shristi Udaipur Hotels and Resrots (P) Ltd Vs. Housing and Urban D ...

Court : Delhi

..... has regional offices situated in different regions in india including one at jaipur. the loan agreement dated 07.11.2008, whereunder the respondent/corporation had agreed to finance a term loan to the petitioner for undertaking construction of a hotel-mall multiplex project at udaipur, rajasthan by accepting mortgage of the sub-leasehold rights of ..... for the respondent/corporation has relied on the following decisions on the aspect of forum conveniens:- 9. (i) oil and natural gas commission vs. utpal kumar basu and ors.; (1994) 4 scc711(ii) canon steels (p) limited vs. commissioner of customs; (2007) 14 scc464(iii) eastern coalfields ltd. and ors. vs. kalyan banerjee; (2008) 3 ..... be of much assistance to the petitioner. as would be apparent from a bare perusal of the writ petition, the petitioner s grievance is directed against the act of the regional office of the respondent/corporation in issuing the impugned loan recall notice dated 20.01.2014 and admittedly, the said regional office is not .....

M/S Nath Brothers Exim International Ltd vs.union of India & Anr.

Court : Delhi

..... among family members of the directors of the... petitioner company; and (b) due date of filing return by the assessee company was for the first time reduced by finance act, 2009 from 31st october following the close of the previous year to 30th september following. accordingly, for ay200809, the return was due on 30.09.2009 instead of ..... made by assessees who have failed to do so under the provisions of s.10a, s.10aa, s.10b, s.10ba or any other provision of chapter vi-a (of the act) under the heading - deductions in respect of certain incomes. the fourth proviso to section 10b(1) stipulates that no deductions under the section are permitted ..... should be kept in mind, to understand the rationale behind the impugned provisions. the benefits that are provided to assessees under sections 10a, 10aa, 10b, 10ba and chapter via-c, would otherwise form a major source of tax revenue for the government. any deductions sought or exemptions claimed are to be properly scrutinized to check for genuineness .....

Association of Concerned Citizens of New Delhi vs.new Delhi Municipal ...

Court : Delhi

..... broadly it is sought to be contended that the uam cannot be introduced by way of the new impugned bye-laws without amending the new delhi municipal act, 1994 ( ndmc act ) which even as of today contemplates determination of the rateable value on the basis of the annual rent at which the land or building might reasonably ..... delhi area.29. meanwhile on the basis of the recommendations by the dharmarajan committee, the delhi municipal corporation act (dmc act) was amended. the amending act received the assent of the president on 9th june, 2003. under chapter viii of the dmc act titled taxation , a new scheme under sections 114 to 114e, section 115, 115a and section 116, ..... , depending upon the final decision in the matter, an appropriate amendment in the act appears to be the only alternative. 34. it is stated that the report of the ndmc special committee was also internally circulated to all the concerned departments including finance, law etc. of the ndmc. at its meeting held on 13th february, .....

Babar Road Colony Lease Holder Association vs.new Delhi Municipal Cou ...

Court : Delhi

..... broadly it is sought to be contended that the uam cannot be introduced by way of the new impugned bye-laws without amending the new delhi municipal act, 1994 ( ndmc act ) which even as of today contemplates determination of the rateable value on the basis of the annual rent at which the land or building might reasonably ..... delhi area.29. meanwhile on the basis of the recommendations by the dharmarajan committee, the delhi municipal corporation act (dmc act) was amended. the amending act received the assent of the president on 9th june, 2003. under chapter viii of the dmc act titled taxation , a new scheme under sections 114 to 114e, section 115, 115a and section 116, ..... , depending upon the final decision in the matter, an appropriate amendment in the act appears to be the only alternative. 34. it is stated that the report of the ndmc special committee was also internally circulated to all the concerned departments including finance, law etc. of the ndmc. at its meeting held on 13th february, .....

Wazir Estates P Ltd. & Anr vs.new Delhi Municipal Council & Anr

Court : Delhi

..... broadly it is sought to be contended that the uam cannot be introduced by way of the new impugned bye-laws without amending the new delhi municipal act, 1994 ( ndmc act ) which even as of today contemplates determination of the rateable value on the basis of the annual rent at which the land or building might reasonably ..... delhi area.29. meanwhile on the basis of the recommendations by the dharmarajan committee, the delhi municipal corporation act (dmc act) was amended. the amending act received the assent of the president on 9th june, 2003. under chapter viii of the dmc act titled taxation , a new scheme under sections 114 to 114e, section 115, 115a and section 116, ..... , depending upon the final decision in the matter, an appropriate amendment in the act appears to be the only alternative. 34. it is stated that the report of the ndmc special committee was also internally circulated to all the concerned departments including finance, law etc. of the ndmc. at its meeting held on 13th february, .....

Jor Bagh Association & Ors. Vs.new Delhi Municipal Council & Ors

Court : Delhi

..... broadly it is sought to be contended that the uam cannot be introduced by way of the new impugned bye-laws without amending the new delhi municipal act, 1994 ( ndmc act ) which even as of today contemplates determination of the rateable value on the basis of the annual rent at which the land or building might reasonably ..... delhi area.29. meanwhile on the basis of the recommendations by the dharmarajan committee, the delhi municipal corporation act (dmc act) was amended. the amending act received the assent of the president on 9th june, 2003. under chapter viii of the dmc act titled taxation , a new scheme under sections 114 to 114e, section 115, 115a and section 116, ..... , depending upon the final decision in the matter, an appropriate amendment in the act appears to be the only alternative. 34. it is stated that the report of the ndmc special committee was also internally circulated to all the concerned departments including finance, law etc. of the ndmc. at its meeting held on 13th february, .....