Judgment Search Results Home > Cases Phrase: finance act 2007 section 132 amendment of section 37 Court: mumbai Page 100 of about 4,156 results (0.252 seconds)

Citibank N.A. Vs. Commissioner of Income-tax

Court : Mumbai

Reported in : (2003)183CTR(Bom)294; [2003]262ITR47(Bom); 2003(3)MhLj465

..... could also be an expenditure in respect of any assets of the assessee used by an employee for his own benefit.7. sub-section (5) was inserted in section 40a by the finance (no. 2) act, 1971, with effect from april 1, 1972. it imposes a limit on deductible amount of expenditure, which is incurred in respect of ..... raised by the department :these two questions are being jointly decided. briefly, the assessee has objected to the following two items being considered for disallowance under section 40a(5) of the act. they are expenditure on repairs and maintenance of premises owned or taken on lease by the assessee-bank and let out to the employees and, secondly ..... an asset let out to an employee or which is incurred by way of perquisite to the employee. therefore, if one keeps the underlying object in mind, it is evident that section .....

Neelkanth Devansh Developers Private Limited Vs. Urban Infrastructure ...

Court : Mumbai

..... tulzapurkar, the learned senior counsel appearing on behalf of the respondents/original petitioners has relied upon two judgments of this court; one in j.k. corporation ltd. vs. ensource finance ltd. (2001] 33 scl 143 (bom)and the other in marine container services (india) pvt. ltd. vs. shaheel bearings pvt. ltd. (1999(4) bom. ..... in the apex court vide arbitration application no.12 of 2015 on 09/12/2015 under section 11 of the arbitration and conciliation act, 1996 seeking reference to arbitration. (c) the prayers in the application under section 11 of the said act, 1996 are as under:- (a) appoint and confirm the appointment of mr. justice f ..... deposits by the respondents/original petitioners are independent transactions unrelated to five subscription/share holders agreements and one shareholder agreement which were executed on 24/08/2007 and 18/10/2008 though in these shareholders agreements there is a reference to parties, which, in turn, includes the definition of the term affiliate .....

Rashmikant Kundalia and Another Vs. Union of India and Others

Court : Mumbai

..... authority such statement in such form and verified in such manner and setting forth such particulars and within such time as may be prescribed. (inserted by finance act (no.2) act, 2014 w.e.f. 1-10-2014)[provided that the person may also deliver to the prescribed authority a correction statement for rectification of any mistake ..... heard finally. 2. by this writ petition filed under article 226 of the constitution of india, the petitioners have challenged the constitutional validity of section 234e of the income tax act, 1961. section 234e seeks to levy a fee of rs.200/- per day (subject to certain other conditions as set out therein) inter alia on ..... authority a correction statement for rectification of any mistake or to add, delete or update the information furnished in the statement. similarly, the proviso to sub-section (3) of section 206c and which deal with profits and gains from the business of trading in alcoholic liquor, forest produce, scrap etc. also provide for similar provisions .....

The Ahmedabad Ginning and Manufacturing Company Ltd. Vs. the Secretary ...

Court : Mumbai

Reported in : AIR1937Bom226; (1937)39BOMLR266

..... any time when it may appear expedient, new and specific rules regarding assessment was not to be affected. the next two cases in the statement were governed by act i of 1865, section 35 of which provided as follows :-it is hereby declared that an occupant of any government land is entitled, in virtue of his occupancy, to erect farm buildings ..... currency of the settlement of 1860, and the rest after the first 0f state revision settlement which was introduced with effect from the revenue year 1889-90. section 65 of the act and rrule 56, 67 and 68 provided for the levy of fines and the imposition of altered assessment in cases where the lands were converted to non-agricultural ..... in force in 1927 so far as the suit lands were concerned. therefore the collector had no power to act under section 52.section 48 is in these terms :(1), the land revenue leviable on any land under the provisions of this act shall be assessed, or shall be deemed to have been assessed, as the case may be, with reference .....

Nagpur University Officers' Association, through Its Secretary, Nagpur ...

Court : Mumbai

Reported in : (2003)105BOMLR158

..... annual accounts and financial estimates are to be prepared by the university and in accordance with the provision of sub-section (1) of section 71 of the act, it is for the finance committee under the directions of the executive council to prepare the accounts. these accounts are to be prepared, they are also required to be got audited through the auditors appointed ..... of the court by either of the parties. however, due importance will have to be given to the other relevant provisions in the act and to be precise to the provisions in chapter xi thereof. this chapter deals with the finance matter of the university. section 70 under this chapter deals with the establishment of a fund which is known as university fund .....

The University of Pune Through Registrar Vs. Shri Mahadeo Sahebrao Jad ...

Court : Mumbai

Reported in : 2006(4)BomCR509; 2006(5)MhLj470

..... 2000, the government of maharashtra sought to amend the provisions of the maharashtra universities act, 1994, hereinafter called as 'the said act'. by virtue of the amendment, section 20(1)(c) was introduced in the said act whereby the post of finance and accounts officer in all non-agricultural universities in maharashtra was converted into a ..... tenure post, fixing the tenure to be of five years. the said amendment ordinance was subsequently approved by the maharashtra state legislative assembly and by virtue of act ..... the registrar has no authority to file such an appeal on behalf of the university. in that regard, attention is drawn to section 17(6) and (7) of the said act. on the other hand, it is sought to be contended on behalf of the appellant that the registrar has been duly empowered .....

Additional Commissioner of Income-tax Vs. Chowgule and Co. Pvt. Ltd.

Court : Mumbai

Reported in : (1985)87BOMLR446; (1986)52CTR(Bom)224; [1986]159ITR12(Bom)

..... . clause 17 deals with section 43a. in regard to sub-section (2) thereof, it states 1967 64 itr 170.'the additional ..... , inter alia, the assessment year 1967-68 was erroneous and prejudicial to the interests of the revenue. he, therefore, reopened the assessment under section 263 of the income-tax act, 1961. after hearing the assessee, he concluded that the acquisition of the plant was complete when the contractual obligations were crystallised on april 22, ..... which sub-section (1) begins, operates also in regard to sub-section (2). mr. dhanuka urged that section 43a is a special provision which operates to the exclusion of general provisions of the act, like section 33. mr. dhanuka relied upon the notes on clauses of the finance (no. 2) bill, 1967, by which section 43a was introduced .....

Nagpur Vehicle Hire Purchase Association, a Society Duly Registered Un ...

Court : Mumbai

Reported in : 2007(4)BomCR246

..... that law makers were unmindful while including in the definition of 'dealer' class of persons referred to in clause (d) of sub-section (8) of section 12. 8. the judgment in orix auto finance (india) ltd. refers to recognition of hire purchaser's right. we find that the circular in question does not in any manner ..... in particular of playing vehicles without obtaining registration under rules 33, 34 and 35 thereof and hence insistence of authorities for trade certificate to financers is wholly unnecessary. (b) the motor vehicles act, 1988, being a central legislation, no power of rule-making is vested with the state government or any of its officers and, therefore ..... certificate. therefore, a circular, which makes it necessary for the financer to have a trade certificate, may not be undesirable. in this background when the person doing the business of the type referred to in sub-clause (d) of clause 8 of section 12 of the act are included in the definition of dealer., and under clause (h .....

Reliance Industries Ltd. Vs. Ddi (international

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)3SOT501(Mum.)

..... the submissions made by you. the power to grant exemption from withholding tax under section 10(15)(iv)(f) the income tax act, 1961 rests with the government of india, ministry of finance, department of economic affairs (goi). since the exemption, under section 10(15)(iv)(f) in respect of the above interest payment has been ..... finance vide a letter dated 21-7-1997 had conveyed to the company about the approval for raising the foreign currency loan. through this letter it was conveyed that payment of interest, commission and fees in respect of the above-mentioned loan was exempt from withholding tax under section 10(15)(iv)(f) of income tax act ..... above foreign borrowings. the appellant company has narrated that the withdrawal of exemption by the govt. of india, ministry of finance was unjustified and legally incorrect. it was pleaded that the said section does not permit withdrawal of exemption granted earlier, accordingly prayed to allow the appeal.on the basis of above brief background .....

Reliance Industries Ltd. Vs. Deputy Director of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2005)98TTJ(Mum.)856

..... the submissions made by you. the power to grant exemption from withholding tax under section 10(15)(iv)(f) of the it act, 1961, rests with the government of india, ministry of finance, department of economic affairs (goi). since the exemption under section 10(15)(iv)(f) in respect of the above interest payment has been withdrawn by ..... finance, vide a letter dt. 21st july, 1997 had conveyed to the company about the approval for raising the foreign currency loan. through this letter it was conveyed that payment of interest, commission and fees in respect of the abovementioned loan was exempt from withholding tax under section 10(15)(iv)(f) of the it act. ..... of above foreign borrowings. the appellant-company has narrated that the withdrawal of exemption by the government of india, ministry of finance, was unjustified and legally incorrect. it was pleaded that the said section does not permit withdrawal of exemption granted earlier, accordingly prayed to allow the appeal.4. on the basis of above .....