Judgment Search Results Home > Cases Phrase: finance act 2007 section 127 amendment of section 32n Court: supreme court of india Page 15 of about 1,139 results (1.975 seconds)

Bajaj Auto Limited Vs. Union of India

Court : Supreme Court of India

..... the two cesses discussed aforesaid were in the nature of levy on the excise duty payable, the nccd is levied on the product itself, as per section 136 of the finance act, 2001. it is this aspect, inter alia, which was canvassed by the department to persuade this court to take a different view from the one ..... duties of excise on such goods under that act or those rules, as the case may be. (emphasis supplied) 9. sections 91 & 93 of the finance act, 2004 introduced the education cess as a duty of excise calculated on the aggregate of all duties of excise. sections 136 & 138 of the finance act of 2007 similarly imposed secondary & higher education cess, on ..... exempting goods from payment of excise duties was issued in respect of those states. education cess and secondary & higher education cess, as imposed under the finance acts of 2004 and 2007, respectively were also sought to be levied on the appellant therein. the gravamen of the reasoning of this court is that since these cesses are a .....

M/s Trimurthi Fragrances (p) Ltd. Through Its Director Shri Pradeep Ku ...

Court : Supreme Court of India

..... manufactured tobacco ... (5) chewing tobacco, including preparations commonly known as "khara masala", "kimam", "dokta", "zarda", "sukha" and "surti".4. the finance act, 1988 (central act no.26/1988) substituted the expressions in section 14(ix) of the cst act, with the following words, w.e.f. 13.05.1988: 14(ix). unmanufactured tobacco and tobacco refuse covered under sub- heading no.2401 ..... , against impugned judgment dated 05.04.2006 in wp (c) no.9837/2005 (dhc). 6 ca no.8495/2011, against impugned judgment dated 14.11.2007 in wp (c) 7883/2007 (dhc) 7 substituted for the administrator may, with the previous approval of the central government and by notification no.f4(120)/94 -fin.(g)/2137 to ..... 2145 dated 02.03.1998. 7 22. tobacco as defined under the central excise and salt act, 1944 (1 of 1944).9. the effect, prima facie, .....

Reliance Jute and Industries Ltd. Vs. Commissioner of Income-tax, West ...

Court : Supreme Court of India

Reported in : AIR1980SC251; (1979)13CTR(SC)186; [1979]120ITR921(SC); (1980)1SCC139; [1980]1SCR906; 1980(12)LC255(SC)

..... to certain assessment years ending with the assessment year 1943-44 where the period for carrying forward was shorter. section 16 of the finance act 1955 amended section 24(2), and as a result of the amendment section 24(2) (iii) provided that a business loss which was not wholly set off could be carried forward from year to year. thereafter ..... amendment effected in 1957 is not retrospective in operation. in our judgment, there is no substance in the assessee's claim. 5. section 24(2) has suffered amendment a number of times. prior to its amendment by the finance act, 1955 it permitted a business loss to be carried forward for not more than six years, except in the case of losses pertaining .....

The Nawn Estates (P)ltd. Vs. C.i.T., West Bengal

Court : Supreme Court of India

Reported in : AIR1977SC153; [1977]106ITR45(SC); (1977)1SCC7; [1977]1SCR798

..... .23. in 1959 the statutory percentage was raised to 50 per cent for industrial companies and to 65 per cent for non-industrial companies by means of section 11 of finance act, 1959 (12 of 1959) with effect from april 1, 1960. the statutory percentage was reduced from 100 per cent to 90 per cent in respect ..... past services of any deceased person, or which is chargeable under that head under clause (ia) of sub-section (2) of section 56 of the income tax act, and28. clause (ii) of section 109 was again amended by the finance act, 1968 (act 19 of 1968) with effect from april 1, 1969. as a result of this amendment, the clause read ..... , on the other hand, contended that the expression a company whose business consists wholly or mainly in the holding of investments appearing in section 23-a of the act as amended by finance act, 1955 means a company whose income is derived from investments in contradistinction to the income received from manufacturing or processing or trading operations and the .....

Nawn Estates (P.) Ltd. Vs. Commissioner of Income-tax, West Bengal

Court : Supreme Court of India

Reported in : [1977]106ITR76(SC)

..... has, on the other hand, contended that the expression 'a company whose business consists wholly or mainly in the holding of investments' appearing in section 23a of the act as amended by finance act, 1955 means a company whose income is derived from investments in contra-distinction to the income received from manufacturing or processing or trading operations and the ..... revenue.23. in 1959 the statutory percentage was raised to 50 per cent for industrial companies and to 65 per cent for non-industrial companies by means of section 11 of finance act, 1959 (no. 12 of 1959) with effect from april 1, 1960. the statutory percentage was reduced from 100 per cent to 90 per cent in respect ..... of investment companies by means of section 11 (ii) of finance act, 1960 (no. 13 of 1960) with effect from april 1, 1960.24. in 1961, a radical change in the law relating to income tax was .....

Union of India Vs. Harbhajan Singh Dhillon

Court : Supreme Court of India

Reported in : AIR1972SC1061; [1972]83ITR582(SC); (1971)2SCC779; [1972]2SCR33

..... means property of every description, moveable or immoveable, but does not include agricultural land, growing crops, grass or standing trees on such land.90. by section 24 of the finance act, 1969, section 2(e) was amended omitting the non-inclusion of agricultural land for the assessment year commencing from april 1, 1970 and for all subsequent assessment years, thus ..... , the union could not resort to article 248 and or entry 97 in list i to justify the deletion of the non-inclusion of agricultural land by section 24 of the finance act, 1969.95. mr. setalvad challenged the correctness of the high court's majority judgment. relying on article 248 and entry 97 in list i, he ..... the price which in the opinion of the wealth-tax officer it would fetch if sold in the open market on the valuation date.152. by the finance act 14 of 1969 section 2(e) was amended and the relevant portion thereof reads :'assets' include property of every description, movable or immovable, but does not include,-(1) in .....

S.C. Prashar, Income-tax Officer, Market Ward, Bombay and anr. Vs. Vas ...

Court : Supreme Court of India

Reported in : AIR1963SC1356; [1963]49ITR1(SC); [1964]1SCR29

..... be issued at any time notwithstanding that at the time of the issue of the notice the period of eight year specified in that sub-section before its amendment by clause (a) of section 18 of the finance act, 1956 (18 of 1956), had expired in respect of the year to which the notice relates.' 123. the last words definitely refer to an ..... be issued at any time notwithstanding that at the time of the issue of the notice of period of eight years specified in that sub-section before its amendment by clause (a) of section 18 of the finance act, 1956 had expired in respect of the year to which the notice relates.' 110. it also enacted by s. 4 as follows :- 'no notice ..... the 1st day of april, 1952, particularly as a result of a direction such as is mentioned in the second proviso to so sub-section (3) of s. 34 as amended by this act. 106. by the finance act 1956, the section was again amended from the 1st day of april, 1956. the most significant changes were the omission of the time-limit of eight .....

Jawaharmal Vs. State of Rajasthan and ors.

Court : Supreme Court of India

Reported in : AIR1966SC764; [1966]1SCR890

..... judgment, decree or order of any court, but subject to the provisions of this act, section 8 of the rajasthan finance act, 1961 [rajasthan than act 14 of 1961], section 9 of the rajasthan finance act 1962 [rajasthan act 11 of 1962], and section 14 of the rajasthan finance act, 1963 rajasthan act 13 of 1963] shall not be deemed to be invalid, or ever to have ..... fact that the said s. 3 had been amended by s. 9 of the finance act 11 of 1962, the notification issued under the original section 3 of the principal act ceases to be operative. this contention is clearly misconceived. if the said finance act is unenforceable and the notification issued thereunder is of no effect, then s. 3 ..... the president before it was introduced in the state legislature, nor did this act receive his assent after it was passed. 6. in 1962, the rajasthan finance act [no. 11 of 1962] was passed. section 9 of the act amended s. 3 of the principal act and authorised the increase of the two respective taxes to 20 per cent .....

Commissioner of Income-tax, Bombay City I Vs. Afco (Private) Ltd.

Court : Supreme Court of India

Reported in : [1963]48ITR76(SC)

..... of the assessable income reduced by the amount of taxes and the dividends shall be deemed to have distributed at the date of the general meeting. by the finance act (15 of 1955) section 23a(1) was amended and the income-tax officer was directed to make an order that the company shall be liable to pay super-tax on the undistributed ..... of profits as provided in clause (i) of the proviso to item b of part i of the first schedule to the finance act of 1955 ?'by the finance act (15 of 1955) schedule i, item, b, read with section 2 of the act, rates of tax were prescribed in the case of companies. item b provided that 'in the case of every company - ..... the company then claimed rebate at the rate of one anna in the rupee on the amount computed according to schedule i, part i, item b, read with section 2 of the finance act (15 of 1955). the income-tax officer and the appellate assistant commissioner rejected the claim because in their view the claimant was a company to which the provisions .....

Modi Industries Limited, Modinagar and ors. Vs. Commissioner of Income ...

Court : Supreme Court of India

Reported in : (1995)128CTR(SC)361; [1995]216ITR759(SC); JT1995(6)SC549; 1995(5)SCALE362; (1995)6SCC396; [1995]Supp3SCR642

..... of any provisional assessment shall prejudice the determination, on the merits, of any issue in course of the regular assessment. finance act, 1968 amended sections 199 and 209 to enable the assessee to get refund pursuant to the summary assessment under section 141 a. section 199 was amended to enable the assessee to get credit for the tax deducted at source in the provisional assessment ..... a registered firm. in the context of these provisions, 'regular assessment' could only mean the original assessment made under section 143 or 144.section 141a which was introduced by finance act, 1968 laid down that in a case where the return was furnished under section 139 and the assessee claimed that the tax paid or deemed to have been paid exceeded the tax payable on .....