Judgment Search Results Home > Cases Phrase: finance act 2007 section 8 amendment of section 12a Court: delhi Page 100 of about 1,476 results (0.171 seconds)

Arvind Construction Co. Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1994)51ITD79(Delhi)

..... that the said decision should not be relied upon for including "jeep" within the expression "motor-car". the learned counsel also submitted that the purpose of section 40 of the finance act, 1983 should be kept in view while interpreting the expression "motor-car".4. the learned departmental representative mainly relied on the orders of the tax authorities. ..... of wealth-tax (appeals) erred in law and on facts of the case in holding that the jeeps and jongas are motor cars for the purpose of section 40 of the finance act, 1983 and, therefore, includible in computing the net wealth liable to tax.the assessee-company filed a return on 24-8-1984 showing a wealth of ..... engine". in view of these definitions and having regard to the intention of the legislation we hold that the expression "motor-car" as used in section 40(3)(vii) of the finance act, 1983 will include jeeps and jongas and their value will be includible in the net wealth of the assessee-company. accordingly, we confirm the order .....

Deputy Commissioner of Income Tax Vs. G

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2005)92TTJ(Delhi)706

..... not possible to disregard the corporate personality. it has been laid down by the hon'ble delhi high court in the case of sophia finance ltd. (supra) that the provisions of section 68 of the act are attracted even in the case where an incorporated company claims it has issued shares and received share application money and had credited such receipts ..... was duly discharged. applying the ratio laid down by the hon'ble delhi high court in the case of sofia finance ltd. (supra), the cit(a) held that the addition made by the ao under section 68 of the act was not proper.he also held that the ao failed to establish that the shareholders of sbppl were not in existence ..... company the amount found credited in the books of account towards the receipt of share capital can not be treated as income of the limited company under section 68 of the act if the assessee establishes the identity of the shareholder and the fact that such shareholder has invested the money in purchase of the shares. it is not .....

Vijaya Kumar Gujral Vs. Union of India and Others

Court : Delhi

Reported in : 1988CriLJ1198; 1988(14)DRJ14; ILR1988Delhi38

..... empowered in that behalf other than the officer who made the declaration. on the acceptance of the other view viz. that of technical compliance to the provision of section 11(1) another startling result may follow, apart from the one as stated above. it may be that the central government empowers additional secretaries and joint secretaries of ..... case. it was not disputed by mr. bagai that a detenu has a right of representation against the declaration under s. 9(1) and that the representation under section 11(1) is available to the detenu against his continued detention which is attacked in the ground of challenge to the declaration under s. 9(1). he, however, ..... the ministry of finance to deal with and dispose of representations under s. 11(1) acting as the central government. in a case in which an order of detention is passed by the additional secretary of the ministry of .....

National Buildings Construction Corpn. Ltd. Vs. Antia Electricals Pvt. ...

Court : Delhi

Reported in : 2003(3)ARBLR91(Delhi); 2003(2)RAJ258

..... of the constitution of the arbitral tribunal; send a written statement of the reasons for the challenge to the arbitral tribunal. sub-section (2) makes a reference to sub-section (3) of section 12 of the act which contains the grounds on which an arbitration can be challenged. the grounds include justifiable doubts about the independence or impartiality of ..... high court).(3) assam urban water supply and sewerage board v. subhash project and marketing ltd. and ors. (gauhati high court).(4) mangayarkarasi apparels pvt. ltd. v. sundaram finance ltd. 2002(3) arb. lr 210 (mad.) (madras high court).20. learned counsel for the petitioner, however, relied upon single bench judgment of bombay high court in the ..... . copy to :1. m/s. antia electricals pvt. ltd.802, chiranjiv tower, 43, nehru place,new delhi 110 019. --by regd. post.2. the dy. general manager (finance), nbcc limited, nbcc bhawan, lodi road, new delhi 110 003.3. shri justice (retd.) p.k. palli, c/o. shri a.v. palli, 48, lawyer's chamber, .....

ito Vs. Om Prakash Arun Kumar

Court : Delhi

Reported in : (2004)91TTJ(Del)170

..... that an explanationn has retrospectively been inserted with effect from 1-4-1962, after section 37(l). this explanationn was added by the finance (no. 2) act, 1998. the explanationn inserted is as under'the finance (no. 2) act, 1998new explanationn has retrospectively been inserted with effect from 1-4-1962, after section 37(l). for the removal of doubts it is hereby declared that(a ..... firm cannot fall into the category either of an offence or an act prohibited by the law. the learned counsel referred to clause 17 of the finance bill which introduced the explanationn after sub-section (1) of section 37. this clause 17 of the finance bill was explained in memo explaining provision in finance (no. 2) bill 1998 and it is printed at (1998) 231 itr .....

The Peerless General Finance and Investment Co. Ltd. Vs. Punjab and Si ...

Court : Delhi

Reported in : 2008(1)CTLJ74(Del)

..... guarantee in respect of inter-corporate advances which was not permissible by law and was opposed to public policy. further reference was made to section 23 of the contract act which provides what consideration and objects are not lawful which includes objects/consideration forbidden by law and consideration/object opposed to public policy. it ..... 3006/0505/adb) dated 26.4.88 which have been unequivocally accepted by the contractor and in consideration of the purchase letter of intent, m/s peerless general finance & investment co. ltd., having their registered office at 3, esplanade east calcutta-700069 hereinafter called the 'company' (which expression shall unless excluded by or ..... with c.s. (os) 2835/1998 filed by the plaintiff against bhasin associates and transferred to this court from the calcutta high court. on 12.07.2007, learned counsel for the defendant in the present suit was not available. as the defendants in the two suits are different and bhasin associates, the defendant in .....

Naresh Kumar JaIn Vs. Union of India (Uoi) Through Ncb and ors.

Court : Delhi

..... to (v) of the definition are covered by the said definition. not only that, whosoever finances these activities is also treated as indulging in 'illicit traffic'. section 24a of the act provides for punishment to those who indulge in financing, directly or indirectly, any of the activities specified in sub-clauses (i) to (v) ..... invoking the provisions of section 24 & 27a of the ndps act. drawing our attention to these provisions, learned senior counsel argued that section 24 of the act deals with the engagement in or controlling any trade in narcotic drug or psychotropic substance. likewise, section 27a of the act imposes punishment for financing illicit traffic and harbouring ..... of clause (viiia) of section 2 which provides the definition of 'illicit traffic'. we had .....

Gajender Sharma vs.sree Gokulam Chit & Finance Pvt Ltd

Court : Delhi

..... by: mr. bijender singh, ms. vidushi, advs. sree gokulam chit & finance pvt ltd ..... respondent represented by: none versus coram: hon'ble ms. justice mukta gupta mukta gupta, j.(oral) 1. a complaint under section 138 of the negotiable instruments act (in short ni act) was filed by the respondent against the petitioner as proprietor of vashisht transport company ..... when it was revealed that the address of the petitioner provided in the notice and the complaint were fictitious.4. challenging the order dated 2nd january, 2007 summoning the petitioner and the order dated 3rd june, 2009 issuing non-bailable warrants against the petitioner and also seeking quashing of the proceedings in the ..... the number c-16 in the amushi industrial area, lucknow, up, and summons could not be served. thus the learned metropolitan magistrate on 21st november, 2007 directed the respondent to furnish fresh address and issued fresh summons. on the next date i.e. 2nd june, 2008 the learned trial court noted that .....

income-tax Officer Vs. R.M. Nayar

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1982)1ITD841(Delhi)

..... was held that city compensatory allowance will fall within the explanation to section 10(74) and was not exempt from tax. the explanation to section 10(74) was inserted retrospectively by the finance act, 1975. he submitted that in spite of the insertion retrospectively of the explanation to section 10(74) the aforesaid judgment of the bombay high court was still ..... contention because the aac himself has held as under: since it was not a regular allowance, its nature was not income and the provisions of section 10(14) of the act are not attracted.11. it is not disputed on behalf of the assessee that the payment of rs. 69,291 was received from the employer ..... granted to meet expenses ; b. the allowance or benefit should not be in the nature of an entertainment allowance or other perquisite within the meaning of section 17(2) of the act ; c. the expenses should be wholly, necessarily and exclusively incurred in the performance of the duties of an office or employment of profit ; and d .....

Escorts Employees Ancillaries Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

..... with the plea of the assessee's representative that penalty could not exceed total amount deductible. no doubt the amendment to this effect was carried out by finance no. (2) act of 1998, w.e.f. 1st april, 1999, but since this insertion which is applicable w.e.f. 1st april, 1999 is clarificatory in nature ..... 11. to counter the submissions of learned departmental representative, shri pradeep dinodia, learned counsel for the assessee submitted that so far as retrospectivity of proviso to the said section is concerned, he is supported in his contention by the various decisions of the tribunal and other judgments of hon'ble supreme court as detailed below : (1) ..... representative, on the other hand, vehemently argued that assessee clearly committed a default for which it was liable to penalty as imposed. the reading of the section clearly shows that penalty is imposable for each default that assessee has committed and assessee has to be proceeded against separately for each one of default. it was .....