Court : Karnataka
Reported in : (2005)198CTR(Kar)209; ILR2005KAR5906; [2005]279ITR402(KAR); [2005]279ITR402(Karn)
..... voluntary retirement or voluntary separation and not 'termination' from service. the assessing authority, in our view, was wholly unjustified in arriving at this conclusion. section 10(10c) was inserted by finance act, 1987, w.e.f. 1st april, 1987 to exempt from income-tax any payment received at the time of his voluntary retirement by an ..... reason for introducing this provision is contained in the circular of the cbdt explaining the finance act, (1987) 168 itr (st) 94]. this clause provides that any ..... the clauses therein shall not be included. the several clauses in section 10 of the act specify different incomes, which would ordinarily be included in the total income of the assessee for the purpose of taxation but for such provision. section 10(10c) of the act is inserted by finance act, 1987, w.e.f. 1st april, 1987. the .....
Tag this Judgment!Court : Karnataka
Reported in : AIR1955Kant99; AIR1955Mys99
..... petitioner that the proceedings for re-opening ,the assessment of his income were for that reason incompetent.14. it is urged that even otherwise, after the enactment of the indian finance act section 13) which repealed the existing income-tax laws in force in mysore and with effect from 1-4-1950 any proceeding for re-opening the assessment made prior to that ..... prior to 1-4-1950. the decision of this court in those cases rested on the view that the word 'assessment' occurring in section 34 of the indian finance act. referred to assessment under section 23 and not proceedings under section 34. we adhere to that view and for the same reason we are of the opinion that in any view of the matter ..... the president of india on 28-2-1950, that is to say, 3 years before the income-tax officer commenced these proceedings. on and from 1-4-1950, by section 13, finance act of 1950, to which the president accorded his assent on 31-3-1950, the mysore income-tax laws stood repealed and the indian income-tax .....
Tag this Judgment!Court : Karnataka
Reported in : (1999)154CTR(Kar)564; [1999]237ITR630(KAR); [1999]237ITR630(Karn)
..... . in the case of advertising and in any other case it is two per cent. explanation iii has been inserted by the finance act, 1995, with effect from july 1, 1995, and as per explanation iii for the purposes of section 194c the expression 'work' shall include :--(a) advertising ;(b) broadcasting and telecasting including production of programmes for such broadcasting or telecasting ;(c ..... do the work as a sub-contractor. sub-section (2) of section 194c also refers to the contract for carrying out the work undertaken by the contractor or for supplying wholly or partly any labour which the contractor has undertaken to supply.23. it is only by virtue of explanation iii added by the finance act, 1995, that advertising, broadcasting, telecasting, carriage of goods .....
Tag this Judgment!Court : Karnataka
Reported in : (1986)56CTR(Kar)289; [1987]165ITR792(KAR); [1987]165ITR792(Karn)
..... . 3. with regard to questions nos. (4) and (5), we may set out some facts : the assessees had sold certain jewellery on august 8,1972. by the finance act, 1972, which was brought into force with effect from april 1, 1973, gold ornaments and jewellery were included in the definition of 'capital asset'. the assessees contended before the ..... assessees, invited our attention to a recent decision of the rajasthan high court in cit v. laxman singh , in support of his contention that the amendment, by the finance act, 1972, was not retrospective and, therefore, the capital gains which accrued on the sale of the jewellery before the amendment should not be bought to tax. it is ..... the facts and in the circumstances of the case, the tribunal is justified in upholding the assessment made by the income-tax officer on the assessees under section 168 of the income-tax act, 1961 ? (2) whether, on the facts and in the circumstances of the case, the tribunal is justified in holding that both the instalment of .....
Tag this Judgment!Court : Karnataka
Reported in : 1986(7)ECC135; 1986(23)ELT337(Kar)
..... which have been subjected tovarious treatments, suchas coating, impregnating,corrugation, creping anddesign printing) notelsewhere specified------------------------------------------------------------------------11. there was further amendment to item no. 17 by the finance act of 1982. item 17 was amended with effect from 27-2-1982, and two specific entries were added. they are (3) and (4) which are ..... articles of paper and paper board.' therefore, developing his argument on the basis of the legislative intendment as reflected in the memoranda to the finance minister's speech, sri naganda's further submission is that carbon paper cannot be treated as coated paper and subjected to levy under 17(2 ..... intention of the amendment may be gathered from the memorandum of objects and reasons, which is a part of the amending bill to the finance minister's speech. the order of the appellate collector confirming the show cause notice and the provisional assessment and the demand made for the subsequent .....
Tag this Judgment!Court : Karnataka
..... /amenity on the employee. confer not tax issue a writ, order or direction more particularly in the nature of a writ of declaration to declare section 115 wa to wl of the income as introduced by the finance act, 2005, with effect from 01.04.2006 vide annexure-a as ultra vires article 14, 19 (1) (g) and 265 of the constitution of ..... value of certain fringe benefits. the provisions relating to levy of this tax are contained in chapter xii-h (sections 115w to 115wl) of the income-tax act, 1961. this circular seeks to provide a harmonious, purposive and contextual the provisions of the finance act, 2005 relating to the fbt so as to further the objective of this levy. interpretation of 2. objective in ..... of karnataka at bengaluru dated this the6h day of december , 2019 before the honble mr.justice p.b. bajanthri w.p. no.26037/2005 c/w w.p.no.4464/2007 and w.p.no.27087/2005(it) in w.p.no.26037/2005between :1. m/s t.t.k.prestige ltd., 2. a company incorporated under the companies .....
Tag this Judgment!Court : Karnataka Dharwad
..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vanijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of ..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka2vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vinijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of commerical ..... under which reassessment can be undertaken. section 6(2) of the kteg act requires valid grounds and strict adherence to the statutory limits. the petitioner s company s assessment for the year 2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08 2008-09 and 2009-10 .....
Tag this Judgment!Court : Karnataka Dharwad
..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vanijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of ..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka2vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vinijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of commerical ..... under which reassessment can be undertaken. section 6(2) of the kteg act requires valid grounds and strict adherence to the statutory limits. the petitioner s company s assessment for the year 2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08 2008-09 and 2009-10 .....
Tag this Judgment!Court : Karnataka Dharwad
..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vanijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of ..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka2vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vinijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of commerical ..... under which reassessment can be undertaken. section 6(2) of the kteg act requires valid grounds and strict adherence to the statutory limits. the petitioner s company s assessment for the year 2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08 2008-09 and 2009-10 .....
Tag this Judgment!Court : Karnataka Dharwad
..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vanijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of ..... petitioner (by sri. g. shivadass, senior advocate for sri. praveen p. tarikar, advocate) and:1. . additional chief secretary and principal secretary to government finance department government of karnataka2vidhana soudha bangalore-560 001. 2 . commissioner of commercial taxes vinijya therige karyalaya gandhinagar bangalore-560 009. 3 . joint commissioner of commerical ..... under which reassessment can be undertaken. section 6(2) of the kteg act requires valid grounds and strict adherence to the statutory limits. the petitioner s company s assessment for the year 2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08 2008-09 and 2009-10 .....
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