Judgment Search Results Home > Cases Phrase: finance act 2007 section 107 amendment of section 127k Court: kerala Page 10 of about 186 results (0.992 seconds)

Malayala Manorama Company Limited Vs. Assistant Collector of Customs a ...

Court : Kerala

Reported in : 1993(44)ECC145

..... any other law for the time being in force. apart from customs duty, there can be additional duty under the customs tariff act and auxiliary duty under the finance act. further, section 25 also mentions that the notification can be subject to conditions to be fulfilled before or after clearance as may be specified in the ..... calcutta v. national tobacco co. of india ltd. 1978 elt 416 at 424. in the customs act the charging section is section 12 and instead of annual finance act, the rate is mentioned in the schedules of the customs tariff act. section 15 is complementary to the charging section, providing the definite date with respect to which the rate for the assessment under ..... no. 48.01/21 sub-heading no. 2 in the first schedule of the customs tariff act, 1975 and the levy of auxiliary duty under the finance act, 1981 to newsprint as modified by notification issued under section 25 of the customs act, 1962 with effect from 1.3.1981. the supreme court rejected the contention of the .....

Commissioner of Income Tax Vs. Aspinwall and Co. Ltd.

Court : Kerala

Reported in : (1993)115CTR(Ker)85

..... in an oversimplification of both and tends to blur their interdependence in cases such as the present one.'the decision of this court construing the word manufacture arising under the finance act (it act) is the one reported in cit vs . casino (p.) ltd. : [1973]91itr289(ker) . we do not think that we should deal with all the decided cases on ..... allowance equal to twenty-five per cent of the actual cost of the ship, aircraft, machinery or plant to the assessee :provided that no deduction shall be allowed under this section in respect of -(1) .....(2) the ship or aircraft or machinery or plat referred to in sub-s.(1) shall be the following, namely :...........(b) any new ..... of the assessee.5. counsel on both sides invited us to a catena of decisions, for the purpose of deciding whether curing coffee amounts to manufacture. sec. 32a(1) and 32(2)(b) of the it act, 1961 are relevant in this context. they are as follows :'32a. investment allowance - (1) in respect of a ship or an aircraft or .....

Commissioner of Income Tax Vs. Appollo Tyres Ltd.

Court : Kerala

Reported in : (1998)149CTR(Ker)538

..... in the units of the unit trust of india cannot be segregated and must be treated as part of the same business.30. we have considered the matter. sec. 32ab inserted by the finance act, 1986 with effect from 1st april, 1987, sub-ss. (1), (2) and (3) thereof, relevant for the purpose of this case, reads as ..... with the provisions contained in ss. 30 - 43. this was the position with respect to every person who is subjected to be charged under section 4 of the act. the legislature, by the finance act, 1983, introduced a new chapter-chapter vi-b containing only one provision s. 80wa-imposing restriction on certain deductions in the case of companies, ..... with effect from 1st april, 1984. later, by the finance act, 1987, the said chapter was deleted with effect from 1st april, 1988. simultaneously in the finance act, 1987, itself a new chapter-chapter xii-b-containing only one section-sec. 115j-was inserted. so, as on the date of introduction of s. 115j, i.e .....

M/s. Parle Agro Pvt Ltd. Vs. Commissioner Commercial Taxes Trivandrum

Court : Kerala

..... drink' containing fruit juice to an extent of more than 10% and that it had been assessed as a 'fruit juice based drink' till the finance act of 2007 amended section 6(1)(a) of the act by specifying that aerated branded soft drinks excluding soda would be liable to tax @ 20% at all points of sale within the state. the list ..... (6) beverages containing milk 2202.90.30" 8. it is pertinent to note that section 6(1)(a), as it stood prior to the amendment brought about by the finance act of 2006, did not contain any reference to aerated soft drinks. by the finance act of 2007, section 6(1)(a) was amended specifying aerated drinks including mineral water, packaged drinking water and ..... that the appellant's product which had the same hsn code was classified and taxed under the erstwhile entry 71(4). after the amendment brought about by the finance act of 2007 and the substitution of entry 71 by sro no.119 of 2008, the entry 71 was completely substituted. entry 71 as substituted by sro no.119 of 2008 .....

T.Gopinathan Vs. the Cherplassery Grama Panchayath

Court : Kerala

..... 6/2007. respondent's exhibits: nil /true copy/ p.a. to judge vpv antony dominic, j.-------------------------------------------------- w.p.(c) no.9222 of 2008(w) -------------------------------------------------- dated this the ist day of january, 2013 judgment issue raised in this writ petition is the validity of section 65 (105)(zzzz) and section 66 of the finance act 1994, as amended by finance act, ..... (c).no. 9222 of 2008 appendix petitioner's exhibits: ext.p1: photocopy of the letter to finance act 200.(act no.22 of 2007.dated 11 h may 2007(2) o.c.no.387/07 of 1st respondent panchayat dated 22 10.2007. ext.p2: photocopy of the letter o.c.no.387/07 dated 2 8.07. ext. ..... to the department to collect service tax from 1st october, 2011 onwards. therefore, we dispose of the writ appeals and writ petitions by upholding the amendments to finance act 1994 based on the full bench judgment of the delhi high court reported in home solutions retails (india) ltd. v. union of india and others (2011 .....

Kil Kotagiri Tea and Coffee Estate Co. Ltd. Vs. Commissioner of Income ...

Court : Kerala

Reported in : [2000]108TAXMAN125(Ker)

..... question of adding anything into the provisions of section 10(30) is impermissible.4. section 10(30) at the relevant point of time before amendment by the finance act, 1984 reads as follows:'(30) in the case of an assessee who carries on the business of growing ..... statute subsequently. this cannot be said to be a clarificatory inclusion. therefore, with effect from 1-4-1985 the benefit is available, in terms of the finance act, 1984. that being the position, for the assessment year 1984-85 the benefit is not available. but it shall be available for the assessment year 1985-86 ..... matter of clarification, subsidy relating to rejuvenation was also included for the purpose of deduction. the provision for grant of deduction existed and the insertion by the finance act, 1984 with effect from 1-4-1985 was clarificatory in nature. the learned counsel for the revenue submitted that the provisions were specific and, therefore, the .....

Commissioner of Income-tax Vs. Aspinwall and Co. Ltd.

Court : Kerala

Reported in : (1993)111CTR(Ker)138; [1994]207ITR353(Ker)

..... ltd. : [1987]168itr744(sc) . in that case, the question was whether the assessee was an 'industrial company' as defined in section 2(6)(d) of the finance act, 1968, and section 2(6)(c) of the finance acts of 1969 and 1970. the appellate tribunal, in that case, held that the assessee was an 'industrial company' as defined in the ..... income-tax appellate tribunal rejected the application filed by the revenue for reference under section 256(1) of the income-tax act, wherein the question was 'whether the assessee ..... finance act as meaning a company which, among other things, is mainly engaged in the manufacture or processing of goods. the .....

Commissioner of Income-tax Vs. S.R.A. Reddiar and Sons

Court : Kerala

Reported in : [1994]205ITR412(Ker)

..... it stood then, unhampered by the amendments effected in the statute by the direct tax laws (amendment) act, 1987, the finance act, 1988, and the finance act, 1989. the amendments so introduced later in section 43b of the act have made great inroads. in particular, the finance act, 1989, has inserted explanation 2 with effect from april 1, 1984, and the said explanation is applicable to the three cases ..... decision in the appeals was rendered. in all the circumstances of the case, we are of the view that section 43b of the act, after the amendment by the direct tax laws (amendment) act, 1987, the finance act, 1988, and the finance act, 1989, and explanation 2 to the section which took effect from april 1, 1984, should be considered to give effect to the proper provisions of .....

Commissioner of Income-tax Vs. Rajmohan Cashews (P.) Ltd.

Court : Kerala

Reported in : [1990]185ITR472(Ker)

..... of the case, the tribunal was right in holding that the assessee was an industrial company within the meaning of section 2(6)(c) of the finance act, 1972 ?'2. section 2(6)(c) of the finance act, 1972, provides : ... (6) for the purposes of this section and the first schedule,--...(c) 'industrial company1 means a company which is mainly engaged in the business of generation or ..... the assessee satisfies the condition of being a company engaged in the processing of goods and, accordingly, answers the description of an 'industrial company' within the meaning of section 2(7)(c) of the finance act, 1973. the appellate assistant commissioner was, therefore, right in directing the income-tax officer to treat the assessee as an 'industrial company' and in taxing it as .....

Commissioner of Income-tax Vs. Forbes, Ewart and Figgis (P.) Ltd. and ...

Court : Kerala

Reported in : [1982]138ITR1(Ker)

..... ' shall have the meaning assigned to it in clause (h) of rule 2 of part a of the fourth schedule. ' 10. after the finance act of 1971 brought about the change, the new provision in section 40a(5) reads thus :' 40a(5). (a) where the assessee- (i) incurs any expenditure which results directly or indirectly in the payment of ..... referred. the question so referred is identical with question no. 1 in i.t.r. no. 44 of 1979.4. section 40(a)(v) was omitted by the finance act of 1971, with effect from april 1, 1972. section 40a(5), which substantially covers the same subject-matter, came into force with effect from april 1, 1972. the other references ..... in only cases contemplated in the first limb of the provision in section 40(a)(v). in the memorandum explaining the provisions of the finance bill, 1968, the object ofthe incorporation of section 40(a)(v) in the form in which it appeared in the act by reason of the finance act, 1968, is explained thus :' expenditure on providing perquisites, benefits or .....