Judgment Search Results Home > Cases Phrase: finance act 2007 section 132 amendment of section 37 Court: mumbai Page 90 of about 4,156 results (0.223 seconds)

Commissioner of Income-tax Vs. Datta V. Gaitonde

Court : Mumbai

Reported in : [2000]241ITR241(Bom)

..... parties. the controversy in this case now stands concluded by the amendment of the income-tax act, 1961, by the finance act, 1994, by insertion of section 5a with retrospective effect from april 1, 1963. section 5a provides that income from all sources, except from salary should be apportioned equally between the ..... of the wife. salary and income will however continue to be assessed in the hands of the spouse, who has actually earned it. section 5a reads thus :'5a. apportionment of income between spouses governed by portuguese civil code.--(1) where the husband and wife are governed by the ..... , the matter is remitted to the tribunal to decide afresh in accordance with the provisions contained in section 5a of the income-tax act, 1961.3. the reference is disposed of accordingly with no order as to costs, ..... ranjana desai, j.1. by this reference under section 256(1) of the income-tax act, 1961, the income-tax appellate tribunal has referred the following question of law to this court for opinion, .....

JaIn Exports Pvt. Ltd. and Another Vs. Union of India and Others

Court : Mumbai

Reported in : 1985(20)ELT35(Bom)

..... pharmaceuticals corporation of india ltd. from the whole of the customs duty and the auxiliary duty of customs leviable under sub-section (1) of section 31 of the finance act.2. the petitioner no. 1 is a private limited company, and is a registered exports house carrying on business of ..... importing and exporting various commodities, including soda. the petitioners claim that the exemption granted to state chemicals and pharmaceuticals corporation of india ltd. is in violation of provisions of section 25 of the customs act. section 25 of the customs act ..... an exemption notification dated september 20, 1979 issued by the government of india, ministry of finance, department to revenue, in exercise of powers conferred by sub-section (2) of section 25 of the customs act. the order recites that in the light of shortage of caustic soda within the country, .....

M/S Ashok Commercial Enterprises Vs. M/S R.T.V. Films and ors.

Court : Mumbai

Reported in : 2001(3)ALLMR732; (2001)3BOMLR706

..... certain cheques which were issued by the first, the second and the third defendants are stated to have been dishonored upon presentation and criminal complaints under section 138 of the negotiable instruments act, 1881 are pending.4. in para10 of the plaint, it has been stated that on 2nd april. 1998, the plaintiffs have received a sum ..... that this has not been reduced into writing between the plaintiffs and the defendants. insofar as the understanding between the parties that the plaintiff will continue to finance the films until they were completed, it is again stated in the written note of the submissions that the copies of the agreements are not available with the ..... that he was an employee director of the first defendant and was helping them in the course of their business activities and was acting under their instructions. he, however, states that he has no finance dealings with the plaintiffs. insofar as exh. d to the plaint is concerned, which is a letter allegedly written by the .....

Hindustan Petroleum Corporation Vs. Collector of Customs

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

Reported in : (1984)(18)ELT358Tri(Mum.)bai

..... would come into play. apart from the authorities cited and the reasoning given by shri hegde, i would like to refer to the fact that section 23(1) of the act was amended by clause 48 of the finance bill, 1983, which reads as follows :- (a) for the words "where it is shown", the words and figures "without prejudice to the provisions of ..... ." 21. it is thus clear that only with the amendment effected by the finance bill, 1983, section 23(1) of the act excluded from its purview goods pilfered before their clearance for home consumption, the implication being that in respect of pilferage of imported goods section 13 alone and not section 23 is applicable. it would be reasonable to infer that prior to the amendment .....

Commissioner of Income-tax Vs. General Insurance Corporation of India ...

Court : Mumbai

Reported in : [2002]254ITR204(Bom)

..... , the assessing officer was right in adding back the aforestated amount of rs. 1.18 crores. he contended that rule 5 was amended by the finance (no. 2) act, 1998, with effect from april 1,1989. he contended that the judgments relied upon by the assessee have no application as they pertain to the period ..... by including the apportioned cost of salary, allowances and investment expenses for earning dividend income. accordingly, the total expenses pertaining to dividend income for section 80m of the income-tax act, 1961 ('the act') were computed at rs. 13.56 lakhs (approximately). similarly, the assessing officer rejected the claim of the assessee under the head 'reserve ..... accounts of the assessee for the previous year :'rule 5(a) and (c) of the first schedule under sub-heading b.'the first scheduleinsurance business[see section 44] b. other insurance business5. computation of profits and gains of other insurance business.--the profits and gains of any business of insurance other than life .....

Madras Rubber Factory Limited, Madras Vs. Union of India and Others

Court : Mumbai

Reported in : 1981(8)ELT906(Bom)

..... in such form and containing such particulars as may be prescribed. rule 174 is framed to regulate secs. 6 and 7 of the said act. sec. 7 specifically provides that any licence issued under sec. 6 shall be granted for such area as specified in the licence. the word 'manufacturer' used in the rule 174 has to be ..... of each of several factories even in cases where all the factories are owned by a single manufacturer. the notification is in these terms :-government of india ministry of finance (department of revenue & insurance)new delhi, the 17th march, 1972 ---------------- 27th phalguna, 1893 sakanotificationcentral excisesgsr. in exercise of the powers conferred by sub-rule (1) ..... shall apply to a manufacturer of tyres for motor vehicles who has already availed of the concession under the notification of the government of india in the ministry of finance (department of revenue and insurance) no. 34/71-central excises, dated 7-4-1971 during the period when that notification was in force.sd/- (b.k .....

Motilal Chimanram Vs. Sarupchand Prithiraj

Court : Mumbai

Reported in : (1936)38BOMLR1058

..... the time of the dissolution, but not otherwise.there is a proviso to the section with which we are not concerned. this section is based on section 38 of the english partnership act, the only distinction between section 263 of the indian contract act and section 47 of the indian partnership act is that instead of the words ' the rights and obligations of the partners ' ..... him on which he would have to pay interest to them. i agree with plaintiffs' counsel that if brijlal was the real partner, and the 1st defendant firm only financed him for the purposes of the business, the entries would not have been made in the way they have been made. at the same time there! is some ..... joint. he further stated that joharmal informed him that he was to be the real partner in the suit partnership, and that he acted as such, though it was the 1st defendant firm which financed him for purposes of carrying on tin business of the suit partnership. this was the contention at first put forward by the 1st defendant .....

Ramchandra Laxman Belosay Vs. the Bombay Municipal Corporation

Court : Mumbai

Reported in : (1958)60BOMLR1256

..... of any citizen, except perhaps in the three favoured presidencies proper, to prevent such abuse by resort to a court of law such as this court under section 54, specific relief act.he further observes at page 295 as follows:.but to say that the powers of local administration which are intended to be exercised for public purposes do ..... .the result of these provisions is that the corporation is constituted into a body corporate and is distinct and separate from the councillors who constitute the corporation. section 36 of the act, in so far as it is relevant, runs as follows:36. the corporation shall meet for the despatch of business and shall from time to time ..... to a fund, which shall be called 'the municipal fund', and which shall be held by the corporation in trust for the purposes of this act, subject to the provisions herein contained:section 118 provides that the moneys from time to time credited to the municipal fund shall be applied in payment of all sums, charges and costs necessary .....

Wardhaman Samjibhai Dharamsi and anr. Vs. Bank of Maharashtra

Court : Mumbai

Reported in : 2006(2)ALLMR218; 2006(1)BomCR394

..... the petitioners is that the reply was sent without application of mind.the respondent thereafter, pursuant to the notice dated 21-7-2004, issued under section 13(2) of the securitisation act, took symbolic possession on 10-11 -2004 of the property which the petitioners contend was allegedly mortgaged with the respondent. the petitioners have signed ..... in the spheres concerned are desired to move faster. in the present day global economy it may be difficult to stick to old and conventional methods of financing and recovery of dues. hence, in our view, it cannot be said that a step taken towards securitisation of the debts and to evolve means for ..... whereafter yet another expert committee was constituted, then alone the impugned law was enacted. liquidity of finances and flow of money is essential for any healthy and growth oriented economy. the other aspect as earlier noted is section 13(10) which specifically reserves right in secured creditor if dues are not fully satisfied to move .....

Shaikh Gulab Shaikh Ahmed Vs. Mr. Birendra Kumar

Court : Mumbai

..... in the case reported as 1993 (2) scc 279 [mahesh chandra vs. regional manager, u.p. financial corporation and others] while discussing the powers of state finance corporation. in this case the property of one industry was sold. no institution like co-operative factory or religious endowment was involved. but, in that case also the ..... reported cases were cited. in the case reported as 1995 (4) scc 595 [chairman and managing director, sipcot, madras vs. contromix pvt. ltd. by its director (finance) seetharaman, madras], the apex court has held that :- "in the matter of sale of public property, the dominant consideration is to secure the best price to property to ..... 2007) 6 scc 236 [greater bombay co-op. bank ltd. vs. united yarn tex (p) ltd. and others]. this court has carefully gone through the facts of this case and observations made by the apex court. the apex court has discussed the definition given in r.d.b. act, 1993 [section 2 (c)], section 2(1) and section 56(1) of banking regulation act .....