Judgment Search Results Home > Cases Phrase: finance act 2005 section 54 amendment of section 238 Court: punjab and haryana Page 11 of about 437 results (0.778 seconds)

Commissioner of Income Tax Vs. Smt. Neena JaIn and Kimti Lal Jain

Court : Punjab and Haryana

Reported in : (2010)230CTR(P& H)554,[2010]189TAXMAN308(Punj& Har)

..... exemption from wealth-tax on the building under construction as per clause (v) of sub-section (3) of section 40 of the finance act, 1983. on the peculiar facts and circumstances of that case, while interpreting the provisions of section 40(3) of the finance act, 1983, it was ruled that 'under such circumstances, such building could not have fallen ..... as well, because the word 'any building' cannot possibly be read in isolation and it has harmoniously to be construed with the remaining portion of section 2(ea) of the act, i.e., whether the building used for residential or commercial purposes or for the purpose of maintaining a guest house, because incomplete building, as ..... case, the core question, that arises for determination, is whether the incomplete building of the assessee falls within the ambit of assets as defined in section 2(ea) of the act or not, which postulates that 'assets' in relation to the assessment year commencing on 1st day of april, 1993, or any subsequent assessment year .....

Rakesh Raj and Associates Vs. Central Board of Direct Taxes and anr.

Court : Punjab and Haryana

Reported in : [1997]223ITR282(P& H); (1997)115PLR129

..... professionals rendering services to the individuals or the parties are covered for the purposes of deduction of income-tax at source within the meaning of section 194c of the act.3. section 194c was inserted in the act by the finance act of 1972, with effect from april 1, 1972. it required a person responsible for paying any sum to any resident (referred to as 'the ..... the deduction of tax at source on the payment of fees for professional services also inasmuch as this was not covered under section 194g of the act.12. a new section 194j has now been enacted. this new provision inserted by the finance act, 1995, with effect from july 1, 1995, requires a person responsible for paying any sum by way of fees for professional .....

Municipal Committee, Yamuna Nagar and Others Vs. Sukhminder Singh and ...

Court : Punjab and Haryana

Reported in : AIR1995P& H108; (1995)110PLR541

..... clearly imposed on him under rule 11.5(2). he invoked the provisions of section 35 of the act which authorises him to take suitable action in case he is of the opinion that there is an emergency. since the finance sub-committee was not in existence and the budgetproposals were necessarily required to be ..... and consequently, the injunction granted by the courts below should not be vacated.5. the municipal account code is a compilation of rules 'published under section 240 of the punjab municipal act, 1911 vide punjab government notification no. 11961 dated the 4th april 1930. . . . . .'. chapter ii of this code relates to the preparation and ..... time. finally, on january 30, 1993, the term of the finance sub-committee expired. the committee did not constitute a fresh finance sub-committee. faced with this situation, the president on march 9, 1993 invoked his emergency powers under section 35 of the haryana municipal act, 1973 and submitted the budget proposals to the committee. on march .....

Lachhman Dass Aggarwal Vs. Punjab National Bank and ors.

Court : Punjab and Haryana

Reported in : [1978]48CompCas327(P& H); [1979(38)FLR46]

..... of the corporation shall be vested in the development bank. the corporation cannot be dissolved except by the government......66. the industrial finance corporation act states that whoever in any bill of lading, warehouse receipt or other instrument given to the corporation whereby security is given to the ..... insurance corporation act as well as the industrial finance corporation act confer power on the corporation to make regulations as to the method of recruitment of employees and the terms and conditions of service of such employees or agents. the oil and natural gas commission act under section 12 states that ..... the functions and terms and conditions of service of employees shall be such as may be provided by regulations under the act .....

Raj Kumar Singal Vs. Union of India (Uoi) and ors.

Court : Punjab and Haryana

Reported in : (2002)176CTR(P& H)628; [2002]255ITR561(P& H)

..... which is taken into account in computing such total income.' 3. by the finance act, 2001, the above provision stands substituted by the following provision with effect from april 1, 1989 : 'explanation 1. --in this section, 'assessed tax' means the tax on the total income determined under sub-section (1) of section 143 or on regular assessment as reduced by the amount of tax deducted ..... , j. 1. is the provision of section 2mb, explanation 1, as amended by the finance act, 2001, ultra vires this is the short question that arises for consideration in this case. 2. the original provision was in the following terms : 'explanation i--in this section, 'assessed tax' means,-- (a) for the purposes of computing the interest payable under section 140a, the tax on the total .....

State of Punjab Vs. Kulwant Singh

Court : Punjab and Haryana

Reported in : 1995CriLJ744

..... 'by crawford (pp. 523-524) were made by the apex court while interpreting the mandatory nature of the provisions of sub-section (2), of section 6, of the bengal finance (sales tax) act, 1941:--the primary key to the problem whether a statutory provision is the mandatory or directory is the intention of the law ..... includes(1) financing directly or indirectly any of the aforementioned activities.(2) abetting or conspiring in the furtherance of or in support of doing any of the aforementioned activities; and(3) harbouring persons engaged in any of the aforementioned activities.9. the provisions of section 4, of chapter ii of this act makes it obligatory ..... the licencee or his servants are also punishable to deterrent sentence, if they violate any of the conditions of licence or rules under section 26 of the act. section 27, of the act further provides a deterrent sentence to persons for illegal possession of small quantity for personal consumption of any narcotic drug or psychotropic substances .....

Commissioner of Income-tax Vs. Bharat Nidhi Ltd.

Court : Punjab and Haryana

Reported in : [1966]36CompCas457(P& H); [1966]60ITR520(P& H)

..... the business of money-lending had remained intact, which was within the scope of the assessee's activity under section 277f of the indian companies act, 1913. it further came to the conclusion that the assessee carried on the business of financing, that is, of accepting money as deposits for interest, lending money on interest and purchase and sale of ..... it ceases to do any business whatsoever. no doubt, the assessee in view of section 7 of act 10 of 1949 could not use the word 'bank ' in its name after march 10, 1951, but that did not stop it from continuing its financing business other than the banking business. afterwards, it did for this reason change its ..... ) of section 66 of act 11 of 1922, the tribunal has referred these questions to this court:'(1) whether there was material on which the tribunal could hold that the assessee had carried on the business of financing and money-lending after march 10, 1951 ?'11. if the finding on this question is in the affirmative,--' (2) whether, .....

Sukhdeep Singh Bhoday Vs. Joint Director General of Foreign Trade and ...

Court : Punjab and Haryana

Reported in : 2007(123)ECC302; 2007(149)LC302(P& H); 2007(216)ELT181(P& H)

..... , which fell for consideration of madras high court in the case of m. natarajan (supra). a learned single judge while interpreting the provisions of section 91 of the finance act, 1998 has concluded in para 15 as under:15. true, this provision of the scheme shall not apply to any person in respect of whom prosecution for any offence punishable ..... order dated 14.9.2006 (p-5), learned counsel has contended that the firs were already registered on 12.7.2004 and 3.4.2005 well before filing of application by the petitioner under section 127b of the act, which in fact was filed on 31.1.2006. he has further argued that the criminal law is set in motion on the lodging ..... principles are applied to the facts of the present case, it is clear that firs in this case were registered on 12.7.2004 and 3.4.2005 and the application under section 127b of the act was filed before the settlement commission-respondent no. 3 on 31.1.2006. the challans were presented on 6.3.2006 and 27.3.2006, which .....

Present: Mr. Ashok Aggarwal Senior Advocate with Vs. Landmark Builders ...

Court : Punjab and Haryana

..... was imposed by the government of india on the services rendered for management and maintenance of immovable property and towards renting of immovable property by the finance act, 2005 and finance act of 2007 respectively. as per the petitioner, the payment of this tax was the sole responsibility of the respondents whereas the respondents claimed that the ..... 16.12.2010 seeking reference. however, the matter was raised before the arbitral tribunal which has passed several orders under section 17 of the arbitration & conciliation act, 1996 (hereinafter referred to as the act ) on the very issue of refund of security deposit. both the parties have argued this aspect before the present arbitral ..... arb. l.r. 320 (delhi). in state of goa (supra), the court had appointed the arbitrator and referred the claim of the claimant under section 11 of the act. the opposite party wanted to file the counter claim before the arbitral tribunal which was objected to on the ground that they were not referred to .....

Commissioner of Income-tax Vs. Jat Education Society, Rohtak

Court : Punjab and Haryana

..... shala samithi ita no. 1133 of 2008 decided on 8.2.2011 to urge that the assessee was substantially financed by the government and was, therefore, entitled to benefit under section 10(23c)(iiiab) of the act. 10. the karnataka high court in indian institute of management's case (supra) applying its earlier decision in ..... tribunal was right in holding that the aid given by the government to the assessee constitutes substantial finance by the government which had entitled the assessee to claim exemption under section 10(23c)(iiiab) of the act. 13. no infirmity or perversity could be pointed out by the learned counsel for the revenue in ..... ispo facto erroneous non-contextual interpretation of the definition of the term 'substantially financed by the government' of the above section, by relying on unrelated statutory provisions of the banking regulation act, 1949 and section 40a(2)(a) of the income tax act wherein the interpretation is qua an absolutely dis-similar fact of substantial interest of .....