Judgment Search Results Home > Cases Phrase: finance act 2005 section 92 amendment of section 13 Court: orissa Page 2 of about 1,143 results (0.083 seconds)

Indian Metals and Ferro Alloys Ltd. Vs. Specified Authority and ors.

Court : Orissa

Reported in : [1984]149ITR418(Orissa)

..... the said sub-section provided that the specified authority after examining the proposed scheme of amalgamation and on being satisfied that ..... that effect in exercise of powers conferred under sub-section (1) of section 72a of the act. but before issuing the necessary declaration, the central government must be satisfied as to the fulfilment of the pre-conditions provided for in section 72a(1) (a), (b) and (c). sub-section (3) to section 72a was introduced by the finance act of 1978 with effect from may 12, 1978, and .....

Commissioner of Income-tax Vs. Ganeshram Nayak

Court : Orissa

Reported in : (1981)22CTR(Ori)132; [1981]129ITR43(Orissa)

..... . cit : [1973]90itr422(ker) and the other of the patna high court in the case of cit v. ram chandra singh : [1976]104itr77(patna) . 5. section 273 of the act, prior to its amendment by the finance act of 1969, read thus : ' false estimate of, or failure to pay, advance tax.--if the income-tax officer, in the course of any proceedings in connection ..... advance tax payable by him in accordance with the provisions of subsection (3) of section 212, he may direct that such person shall, in addition to the amount of tax, if any, payable by him, pay by way of penalty a sum--...... ' 6. after the amendment by the finance act of 1969, the provision now reads: ' if the income-tax officer, in the .....

ShamsuddIn Khan and anr. Vs. Commissioner of Income-tax

Court : Orissa

Reported in : AIR1958Ori143; 24(1958)CLT412; [1958]33ITR733(Orissa)

..... on that income depends on the provisions or the finance act which is an annual act fixing the various rates of income-tax and providing for exemption and deductions. section 3 of the income-tax act says that the tax shall be at a rate specified in the annual finance act. the finance act says that the tax shall be levied at the ..... their lordships had to construe the expression 'income chargeable to income-tax' occurring in section 34 of that act and they held that charge-ability of the income does not depend on the finance act, but entirely on the provisions of the income-tax act.they quoted with approval the well known federal court decision in chatturam v. commissioner ..... rate specified in the schedule to that act; and the schedule while specifying the rates payable on .....

Miss. Lopamudra Misra Vs. Assistant Commissioner of Income Tax and ors ...

Court : Orissa

Reported in : 2009(I)OLR844

..... -of income. it is further contended that the appellant having receipt the payment on 5.11.2000, the provision of section 115bb and the explanation-ii of section 2(24)(ix) came into effect only by way of promulgation of the finance act, 2001 w.e.f. 1.4.2002 and consequently, did not have retrospective effect.it further appears that the first ..... filed, inter alia, on the ground that the assessing officer was not justified in applying the provisions of section 115bb of the act and that the effect of amendment to section 2(24)(ix) where an explanation was added, vide explanation-ii by the finance act, 2001, came into effect only on 1.4.2002 for the first time, bringing the receipts from t ..... be said to be income and exigible to tax under the income tax act, 1961, for the a/y 2001 -2002, especially when the amendment to section 2(24)(ix) was brought into effect from 1.4.2002section 2(24)(ix) was inserted in the income tax act, 1961 by the finance act, 1972 w.e.f. 1.4.1972 which is quoted herein .....

Rajkumar Lakshminarayan Bhanja Deo Vs. Commissioner of Income-tax, Bih ...

Court : Orissa

Reported in : [1965]58ITR457(Orissa)

..... . section 13 of the finance act, 1950, is almost identical in language with section 7(1) of the act 67 of 1949 and their lordships observations (at page 473) that 'the effect of this provision was to repeal all laws relating ..... .but the observations of their lordships of the supreme court at page 473 in gwalior rayon silk manufacturing (wvg.) companys case regarding the effect of section 13 of the finance act, 1950, which was extended to madhya bharat (which was formerly under part b states) from april 1, 1950, will be of some help here ..... was published in the gazette on january 4, 1950. by virtue of that act the indian income-tax act, 1922, and the various finance acts and other taxation laws were extended to merged areas with retrospective effect from april 1, 1949. sub-section (1) of section 7 of that act was as follows (omitting the proviso :'(1) if, immediately before the 26th .....

Indian Metals and Ferro Alloys Ltd. Vs. Union of India (Uoi) and ors.

Court : Orissa

Reported in : [1992]195ITR539(Orissa)

..... bring it back to health, section 72a of the act was enacted. the section was inserted by the finance (no. 2) act, 1977, with effect from april 1, 1978. at the time of its insertion, it comprised sub sections (1) and (2) only. subsequently, sub-section (3) was inserted by the finance act, 1978, making it operative from ..... april 1, 1978. the object of introduction of the said section, as appears from the finance minister's introductory speech during presentation of the budget, was ..... to generate necessary financial resources to continue the business on an economical level. this lack of finance may be acting as a detriment. the central government and the specified authority, therefore, are required by section 72a to gauge whether the amalgamating company, immediately before its amalgamation, has resources to continue its .....

M/S.Tata Sky Ltd. Rep. Through Its M.D. and Ceo, S Vs. State of Orissa ...

Court : Orissa

..... provide dth broadcasting service in india.5. the dth services were brought within the purview of service tax with effect from 16th june, 2005 by the finance act, 2005. under section 65 (105) (zk) of the finance act, as amended, dth service is covered under the category of broadcasting service . and the service tax at the rate of 10.3 ..... % (including 0.3% education cess) is currently payable on the services covered under this category.6. the entertainment tax act, 2006 got assent ..... . any service . by a broadcasting agency or organization in relation to broadcasting in any manner . is taxable service under section 65(105)(zk) of the finance act, 2001 as amended with effect from 16.06.2005. in relation to . are words of comprehensiveness and need to be expansively construed. in respect of his contention, mr. .....

Laxmi Narayan Agarwalla and ors. Etc. Vs. State of Orissa and ors. Etc ...

Court : Orissa

Reported in : AIR1983Ori210

..... , list i and entry 49 of list ii operate in different fields and enumerate distinct heads of power. lord thankerton observed in (1936) ac 352, in re section 3, finance act, (northern ireland), 1934:--'it is the essential character of the particular tax charged that is to be regarded, and the nature of the machinery, often complicated, by ..... jeejeebhoy v. province of bombay, air 1940 bom 65 (fb), the question was whether the urban immovable property tax levied by s. 22 of the amended bombay finance act, 1932 was beyond the powers of the bombay legislature, on the ground that it was essentially a tax on income, broomfield, j. observed:--'.......the main ground on ..... case (air 1982 sc 697) that the functions, powers and duties of municipalities did not become an occupied field by reason of the declaration contained in section 2 of the central act of 1957.'........ .though, therefore, en account of that declaration the legislative field covered by entry 23, list ii may pass on to the parliament .....

Mannalal Modi Vs. Commr. of Income-tax

Court : Orissa

Reported in : AIR1956Ori37; 21(1955)CLT441; [1956]29ITR30(Orissa)

..... was set aside by the income-tax appellate tribunal on 28-3-1942, on the ground that the indian finance act, 1939, was not in force duringthe assessment year 1939-40 in chota nagpur which was a partially excluded area. on a reference under section 66, the high court agreed with the view of the appellate tribunal by its judgment dated 30-9 ..... -1943. on 30-6-1942, bihar regulation 4 of 1942 was promulgated by which the indian finance act of 1939 was brought into force in chota nagpur retrospectively as from 30 .....

Commissioner of Wealth-tax Vs. K.B. Pradhan

Court : Orissa

Reported in : [1981]130ITR393(Orissa)

..... miles distant from any area for which there is a municipality the population whereof exceeds ten thousand. '6. the above provision was for the first time amended by the finance act of 1964, with effect from april 1, 1964, and after the amendment the provision reads thus :' one house or part of a house belonging to the assessee ..... contended, was no more applicable in view of the change in the provision by dropping out the reference to 'residence'. the tribunal examined the provision of section 5(1)(iv) of the act, referred to the common parlance meaning of ' house ' and held that the exemption provided for a pattern of investment including the provision for one house ..... on the ground that the incomplete house was not fit for human habitation. the assessee further appealed to the tribunal and urged that the word ' house ' in section 5 should be given a liberal construction and as the provision covered part of a house even a house under construction should be considered to be a part of a .....