Judgment Search Results Home > Cases Phrase: finance act 2007 section 46 amendment of section 142 Court: kolkata Page 75 of about 741 results (0.483 seconds)

Commissioner of Income-tax Vs. Agarpara Co. Ltd.

Court : Kolkata

Reported in : (1987)59CTR(Cal)155,[1987]167ITR866(Cal)

..... a consideration of the decisions cited before us, it appears that the controversy has now been set at rest by explanation 2 introduced in section 37(2a) of the income-tax act under the finance act 1983, noted hereinabove. in the instant case, the expenditure was incurred before april 1, 1976, the date on which, the new explanation ..... part of the business operation and the same would be allowable as a deduction. the division bench took note of explanation 2 which was introduced in section 37(2a) of the income-tax act, 1961, by the finance act, 1983, with retrospective effect from april 1, 1976. the said explanation reads as follows : [1983]142itr26(mad) (see : [1986]157itr422 ..... the said view. the same has been recognised in the new explanation 2 which has been incorporated in section 37(2a) by the finance act, 1983, in that view, the expenditure incurred by an assessee in rendering acts of hospitality to its customers as a common courtesy by way of supply of ordinary items of refreshments and .....

Maxlux Glass Private Limited Vs. Icici Limited Company

Court : Kolkata

Reported in : (2001)2CALLT539(HC)

..... appointed day, the jurisdiction, power and authority to entertain appeals against any order made, or deemed to have been made by a tribunal under this act.' 11. section 18 lays down that there shall be a total bar on other courts to entertain the jurisdiction except the supreme court and a high court exercising jurisdiction ..... its claim adjudicated before the debt recovery tribunal then there was no need for the creditor to seek the leave of the high court under section 446 of the companies act, 1956 in order to proceed with the execution before the debt recovery officer in the debt recovery tribunal. in that context their lordships ..... of, the industrial finance corporation act, 1948 (15of 1948). the state financial corporations act, 1951 (63 of 1951), the unit trust of india, act, 1963 (52 of 1963), the industrial reconstruction bank of india act, 1984 (62 of 1984) and the stock industrial companies (special provisions) act, 1985 ( 1 of 1986).' 14. by virtue of section 34 which states that .....

Deputy Director of Tax Credit Vs. National Company Ltd.

Court : Kolkata

Reported in : 76CWN1,[1972]86ITR219(Cal)

..... in this appeal it is necessary to refer to the relevant provisions of the act and also the scheme framed by the central government thereunder. the finance act, 1965, introduced chapter xxiib comprising sections 280y to 280ze of the income-tax act, 1961. the purpose of amendment of the income-tax act by introducing this chapter was to give credit to certain classes of assessees including ..... exporters. under section 280zc(1) a person who exports any goods or merchandise out of india .....

KelvIn Jute Co. Ltd. and anr. Vs. Appropriate Authority and ors.

Court : Kolkata

Reported in : (1991)1CALLT385(HC),1990(2)CHN385,[1990]185ITR453(Cal)

..... this court finds that chapter xxc of the income-tax act consisting of sections 269u to 269uo inserted by the finance act, 1986, mainly deals with purchase by central government of immovable properties in certain cases of transfer. section 269uc envisages restrictions on transfer of immovable property. section 269uc(1) provides, inter alia, that, notwithstanding anything ..... contained in the transfer of property act, 1882, or in any other law ..... application has been filed and the same is wholly misconceived. he has drawn the attention of the court to the fact that, under section 269uc(3), income-tax act, inter alia, requires form no. 37-i to be filed within such time as may be prescribed. rule 48l(2)(b) of .....

State of West Bengal and ors. Vs. Gwal Dass Mohotta

Court : Kolkata

Reported in : [1985]59STC346(Cal)

..... to be invalid or beyond legislative competency. for the aforesaid reasons i hold and declare that the impugned acts, that is section 6b of the bengal finance (sales tax) act, 1941 and section 4aaa of the west bengal sales tax act, 1954 which was introduced by 1979 amendment act to be a valid piece of . legislation. however, i hold and direct that in calculation of the gross ..... , dealing with liability to payment of such tax and rates thereof were duly introduced in the bengal finance (sales tax) act, 1941 and section 4aaa was introduced in the west bengal sales tax act, 1954 with effect from 1st april, 1979. it has been alleged that even in spite of the above the assessee failed, refused and neglected to pay the concerned turnover tax .....

The Islampur Municipality and anr. Vs. Chaudhuri M. Manjar Afaque and ...

Court : Kolkata

..... department. said notification no. 1418-mw&c;/9m-22/2006 dated 10th april, 2007 as relied, reads such:in exercise of powers conferred by sub-section 2 of the section 4 of the west bengal agricultural produce marketing (regulation) act, 1972 (west bengal act xxxv of 1972), the governor is pleased to declare that no local authority or ..... and every phrase of the statute must have a meaning. reliance may be placed to the judgment passed in the case reserve bank of india v. peerless general finance and investment co. ltd. and ors. reported in : [1987]2scr1 , wherein in para 33 the apex court discussed the issue in the following language:interpretation ..... which market committee may impose levy of fees on any agricultural produce sold in the market area. section 17 reads such:17. levy of fee by market committee.- (1) notwithstanding anything contained in the bengal finance (sales tax) act, 1941 or any other law relating to taxation of agricultural produce in force, the market committee shall .....

Ratanlal Nahata Vs. Nandita Bose

Court : Kolkata

Reported in : (1998)3CALLT348(HC)

..... the period of the requisite notice must not be less than three months.'121. the apex court in that case, however, was considering the provisions of section 6(2} of bengal finance (sales tax) act, 194j and the notification issued thereunder, and as such the said construction was made in favour of the assessee and against the revenue. however, it may ..... as to how jurisdiction is to be exercised that way. for a second appeal to be maintainable, it has to satisfy the parameters as laid in section 41 of the punjab courts act or section 100 of the code as the case may be. in this view of the matter, we consider it unnecessary to refer to any of ihc ..... is a matter which can legitimately be governed by the relevant rules framed by the high court on its administrative side by exercising its rule-making power under section 23 of the act or under its general rule-making power flowing from. the relevant provisions of the constitutional scheme as seen earlier. consequently it cannot be said that the .....

Subhas Chandra Majumdar Vs. Pijush Kanti Majumdar

Court : Kolkata

Reported in : 84CWN459,[1980]122ITR552(Cal)

..... , he shall be punishable with imprisonment which may extend to six months, and shall also be liable to fine.' 3. section 137 of the 1961 act, which act repealed the 1922 act, was substantially in identical terms as section 54 of the 1922 act. by section 32 of the finance act, 1964, section 137 of the act of 1961 was omitted.4. from the above provisions, it is evident that under ..... , if he is satisfied that there are no circumstances justifying its refusal, furnish or cause to be furnished the information asked for. '7. by section 33 of the finance act, 1964, section 138, was substituted as under :' 138 (1) where a person makes an application to the commissioner in the prescribed form for any information relating to any assessee in respect of .....

Indian Rayon Corporation Limited Vs. Union of India (Uoi) and ors.

Court : Kolkata

Reported in : 1986(9)ECC356,1986LC722(Calcutta),1986(25)ELT489(Cal)

..... of the constitution and succeeded before a learned judge of the bombay high court. on an appeal a division bench of the high court held after construing section 3 of the act with rules 7, 8, 9 and 9a of the central excise rules that at the stage of manufacture or production of goods excise duty was not ..... 1st march, 1973, the central government exempted textile fabrics falling under the said item 22aa of the tariff schedule from the whole of excise duty.(e) by the finance bill, 1977 the description of the item 22aa was further changed and the new description included 'flax fabrics in which flax predominates in weight'.(f) by the notification ..... 1972 a new item being no. 22aa was inserted in the tariff schedule to the central excises & salt act which included different types of textile fabrics not otherwise specified.(b) the said item 22aa was substituted in the finance bill, 1973 and the description of the item was 'textile fabrics not elsewhere specified'.(c) flax fabrics produced .....

Reckitt and Colman of India Ltd. and anr. Vs. Assistant Commissioner o ...

Court : Kolkata

Reported in : [2001]251ITR306(Cal),[2001]252ITR550(Cal)

..... rs. 2,500.4. the aforesaid deduction of tax is made under section 194 of the income-tax act wherever it is applicable and the same is paid under section 200 of the act and form no. 26 duly filed with respondent no. 1. section 115-o was introduced by the finance act, 1997, with effect from june 1, 1997. in view of the ..... income. the rate of tax is fixed by the finance act each year. chapter viii which starts with section 87 and ends with section 89 deals with rebates and reliefs of the income-tax, chapter ix which consists of sections 90 and 91 deals with double taxation relief, chapter x consists of sections 92, 93 and 94 deals with special provisions relating ..... of the object and scheme of the income-tax act, 1961.6. under section 4(1) of the said act being the charging provision, income-tax is payable by an assessee on its assessable total income of the previous year at the rate or rates prescribed by the central act which is the finance act passed in every year. therefore, the total .....