Judgment Search Results Home > Cases Phrase: finance act 2007 section 107 amendment of section 127k Court: punjab and haryana Page 12 of about 112 results (0.155 seconds)

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

Court : Punjab and Haryana

..... vidya 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 ..... under section 12aa of the act from the financial year 2008-09 and, therefore, for the assessment year 2007-08, the exemption under section 11 of the act was not applicable. the assessee had claimed exemption under section 10(23c)(iiiab) of the act on the entire income as per the return of ..... for adjudication of the present appeal as narrated therein are that the assessee filed its return on 31.10.2007 for the assessment year 2007-08 declaring nil income. the assessment was completed under section 143(3) of the act by the assessing officer vide order dated 29.12.2009 (annexure a-i). the assessee was granted registration .....

Commissioner of Income-tax Vs. Saroop Krishan

Court : Punjab and Haryana

Reported in : (1985)46CTR(P& H)296; [1985]153ITR1(P& H)

..... service, he is required to spend out of his remunerationwholly, necessarily and exclusively in the performance of his duties. ' 8. the finance act of 1974 amended section 16 with effect from april 1, 1975, and the amended section 16 is as follows :' 16. the income chargeable under the head 'salaries' shall be computed after the making the following deductions, ..... to claim deductions permitted by section 16, for the legislature was aware that a pensioner was likely to incur some expenditure in retrieving his pension, if he happens to be living away from the place from where he has to collect his pension.21. as a result of the finance (no. 2) act of 1980, the words ..... cit v. ramaiah : [1980]126itr340(kar) . the karnataka high court while interpreting the provisions of s. 2 of the u.n. (privileges and immunities) act, 1947, and section 18, clause (b), of article v of the schedule thereto, which granted exemption from income-tax to salaries and emoluments paid by the united nations to its .....

Commissioner of Income-tax Vs. S.B. Oil Industries Pvt. Ltd.

Court : Punjab and Haryana

Reported in : (2006)203CTR(P& H)218; [2005]274ITR495(P& H)

..... madhya pradesh high court, after noticing the provisions of sections 80hh, 80i and 80j of the act, held as under (headnote):'sub-section (9) of section 80hh of the income-tax act, 1961, as it stood prior to insertion of section 80i by the finance (no. 2) act, 1980, with effect from april 1, 1981, originally included only section 80j. section 80j providing for deduction in respect of the profits ..... omitted. at this stage, it is also important to bear in mind that section 80i was a dead section during the period april 1, 1973, to april 1, 1981. section 80i was brought back into the income-tax act by the finance (no. 2) act, 1980, with effect from april 1, 1981. under section 80i, as inserted with effect from april 1, 1981, it was provided that .....

Rainbow Denim Ltd. Vs. Union of India (Uoi)

Court : Punjab and Haryana

Reported in : 2006[4]STR428

order1. this writ petition has been filed challenging the explanation to section 65(105) of the finance act, 1994 (for short 'the 1994 act') added vide finance act, 2005. according to the said explanation, where any service provided or to be provided by a person, who has established a business or has a fixed establishment from which the ..... case may be, usual place of residence, in india, such service shall be deemed to be taxable service for the purposes of this clause. vide notification issued under section 68 of the 1994 act, the person receiving services in india was made liable to service tax in respect of service rendered by person not having any office or establishment in india. contention .....

Ajay Enterprises Vs. the Superintendent of Central Excise and 5 ors.

Court : Punjab and Haryana

Reported in : 1989(20)LC352(P& H)

..... had become redundant in view of clause (iv) in item 30, which related to all kinds of electric motors. reference has been made to notes on clauses of the finance act, 1969, whereby this amendment was made. sub-clause (xxiv) relates to the amendment of item 33 and in the notes on clauses it is mentioned-sub-clause (xxiv ..... of electric fans from the item relating to electric fans.reference has also been made to the speech of the deputy prime minister, who was also the minister of finance, with regard to this item. the extract from his speech concerning this item is as under :coming to excise duties, it is now generally recognised that ad ..... valorem duties are more rational than specific duties whose incidence declines during periods of rising prices and increases when prices fall. ad valorem duties can also act as a spur to reduction in costs and prices. j propose, therefore, to convert the existing specific rates into ad valorem rates for cement, vegetable products, electric .....

Max India Ltd. Vs. Commissioner of C. Ex.

Court : Punjab and Haryana

Reported in : 2008[12]STR695

..... statement on behalf of the respondents has been filed and the arguments have been heard.4. undisputedly, against the aforesaid impugned order, remedy of appeal has been provided under section 86 of the finance act, 1994, before the appellate tribunal, and the said remedy has not been availed by the petitioner.5. an objection has been raised by counsel for the respondents regarding ..... of india for quashing the order dated 29-11-2006 (annexure p-8) passed by the commissioner, central excise range rail majra (nawanshahar) in exercise of the power under section 84 of the finance act, 1994, by revising the order dated 30-11-2004 (annexure p-4), passed by the assistant commissioner, central excise division, phagwara.2. at the time of issuance of .....

Kiran House and ors. Vs. Union of India (Uoi) and ors.

Court : Punjab and Haryana

Reported in : (1999)122PLR695

..... terms:-'notification no. 49/98-service tax new delhi, dated the 2nd june, 1998, 12 jayishtha, 1920 (saka).gsr(e)-in exercise of the powers conferred by section 93 of the finance act, 1994 (32 of 1994) the central government, being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable services provided:-(a ..... has been extended to various other services. the provisions as enacted after the finance act of 1998 are contained in chapter v of 'nabhi's service tax guidelines.' the levy extends to the whole of india except the state of jammu and kashmir. section 65 defines various expressions used in the chapter. clauses 10, 22 and 23 define ..... show cause notices, a copy of one of which has been produced as annexure p.2, be quashed.3. the concept of 'service tax' was introduced by the finance act of 1994. initially, the service tax was imposed in regard to the telephone, insurance and stock brokerage services. with the passing of years, the levy of service tax .....

Paramount Impex Pvt. Ltd. Vs. Union of India (Uoi)

Court : Punjab and Haryana

Reported in : 2010[17]STR234

..... rule 2(1)(d)(iv) of service tax rules, 1994 (for brevity 'the rules') as amended from time to time and explanation to section 65(105) along with section 66a of chapter v of the finance act, 1994. the petitioner has also attacked the taxation of service (provided from outside india and received in india) rules, 2006 being ultra ..... vires, arbitrary, absurd and inconsistent with the finance act, 1994. in that regard reliance has been placed on a division bench judgment of the bombay ..... remedy of filing reply to the show cause notice before the authorities concerned has not yet been availed. it cannot be presumed that the authorities under the act would not consider the issue raised before us. therefore, the petitioner is relegated to the remedy of show cause notice by filing reply. it is needless .....

Commissioner of Income-tax (Central) Vs. Vijay Kumar Behal

Court : Punjab and Haryana

Reported in : [1971]81ITR202(P& H)

..... day of the accounting year and not a contingent liability. the rate is always easily ascertainable. if the finance act is passed, it is the rate fixed by that act; if the finance act has not yet been passed it is the rate proposed in the finance bill pending before parliament or the rate in force in the preceding year, whichever is more favourable to ..... liability of an assessee on the valuation date for the assessment year beginning on the 1st of april following, is a 'debt owed' within the meaning of section 2(m) of the act, and should be deducted from the estimated value of the assets as on the valuation date.' 8. this reasoning fully covers the present case; it may be ..... wealth of the assessee in order to arrive at the net wealth. this debt, so far as the present case is concerned, does not fall in the exceptions provided in section 2(m). 11. for the reasons recorded above, we answer the question referred to us in the affirmative, that is in favour of the assessee and against the revenue. .....

Commissioner of Central Excise Vs. Adhunik Steels Ltd.

Court : Punjab and Haryana

Reported in : 2009[13]STR487

..... is in appeal before this court against order dated 30-3-2007, passed by the customs, excise and service tax appellate tribunal, new delhi (for short, 'the tribunal')/raising following substantial question of law:whether the tribunal was justified in waiving of penalties under sections 75a, 76, 77 and 78 of the finance act, 1994 without adducing any reason in the present case when ..... the respondent was directed to pay interest under section 75 of the finance act, 1994 (for short, 'the act') on the service tax deposited late. still further, a penalty of rs. 500/- under section 75a of the act, a penalty of rs. 3,26,435/- under section 76 of the act, a penalty of rs. 7,000/- under section 77 of the act and a penalty of rs. 3,26 .....