Judgment Search Results Home > Cases Phrase: finance act 2007 section 8 amendment of section 12a Court: delhi Page 93 of about 1,476 results (0.165 seconds)

Director of Income Tax Vs M/S Bagri Foundation

Court : Delhi

..... a question as to whether the "explanation" appended under section 11(2) and inserted by the finance act, 2002 w.e.f. 1st april, 2003, applies to accumulations mentioned in section 11(1)(a) of the act. the following question was framed for adjudication:- "whether the explanation after section 11(2) is applicable in respect of the accumulation ..... 10. ordinarily, the "explanation" having been appended to section 11(2), is intended to explain 11(2) only and not section 11(1). there is nothing to indicate that the explanation though placed after sub-section (2) is intended to explain section 11(1)(a) also. the finance act, 2002 vide which the said explanation was added and/ ..... preferred against the order dated 27th february, 2009 of the income tax appellate tribunal (itat) dismissing the appeal of the revenue against the order dated 18th june, 2007 of the commissioner of income tax (appeals) [cit(a)] allowing the appeal of the assessee against the order dated 23rd march, 2006 of the income tax .....

Commissioner of Income-tax Vs. Sir Shri Ram Foundation

Court : Delhi

Reported in : 2001IIIAD(Delhi)353; (2001)167CTR(Del)349; [2001]250ITR55(Delhi)

..... a plain reading of that provision, it is clear that clause (h) of sub-section (2) of section 13 covers investment of the trust funds in any concern in which any of the persons specified in sub ..... expression while construing section 13(2)(h). in other words, we must not construe that provision mechanically. we must construe it having regard to the object which the legislature had in view in enacting it and in the context of the setting in which it occurs. that provision came to be inserted in the act by the finance act, 1970. on ..... -section (3) have substantial interest ('specified persons' in short) and if such investment of the trust funds is made after .....

Commissioner of Income-tax Vs. Sir Sobha Singh Public Charitable Trust

Court : Delhi

Reported in : 2001IIIAD(Delhi)303

..... a plain reading of that provision, it is clear that clause (h) of sub-section (2) of section 13 covers investment of the trust funds in any concern in which any of the persons specified in sub ..... expression while construing section 13(2)(h). in other words, we must not construe that provision mechanically. we must construe it having regard to the object which the legislature had in view in enacting it and in the context of the setting in which it occurs. that provision came to be inserted in the act by the finance act, 1970. on ..... -section (3) have substantial interest ('specified persons' in short) and if such investment of the trust funds is made after .....

U.A.E. Exchange Centre Ltd. Vs. Union of India (Uoi) and anr.

Court : Delhi

Reported in : (2009)223CTR(Del)250; [2009]183TAXMAN495(Delhi)

..... preliminary objection of the respondent5. the provisions for advance ruling are contained in chapter xix-b of the act, which was introduced in the act, by virtue of the finance act, 1993 w.e.f. 1st jan., 1993. the said chapter consists of sections commencing from section 245n, section 245v. section 245n deals with definitions of various terms used in the chapter which, in sum and substance, define ..... as preparatory or of an 'auxiliary' character. on this aspect of the matter, the supreme court in the case of director of it (international taxation) v. morgan stanley & co. inc. : [2007]292itr416(sc) amongst other issues was called upon to decide as to whether back office operations carried on by morgan stanley company for one of its morgan stanley advantages services .....

Shri. A.S. Chhachhi Vs. Commissioner of Income Tax

Court : Delhi

Reported in : (2008)217CTR(Del)579; [2009]311ITR293(Delhi)

..... provision relating to the transfer of a long-term capital asset providing for further deductions specified in section 48(2). further held:it is in the statutory provision of section 53 of the act, the explanationn under consideration comes on the statute as a result of the finance act, 1987, with effect from april 1, 1987. the said explanationn is reproduced herein below:in this ..... section and in sections 54, 54b, 54d, 54e, 54f and 54g, references to capital gain shall be construed as references .....

S.R. Batliboi and Co. Vs. Department of Income Tax (investigation)

Court : Delhi

Reported in : (2009)224CTR(Del)369; [2009]315ITR137(Delhi); [2009]181TAXMAN9(Delhi)

..... assessable. if income appears to have escaped taxation and sections 147 to 149 are pressed into service, section 153(2) mandates broadly that the assessment must be completed within one year. sections 153a, 153b and 153c were introduced by the finance act, 2003 with effect from 1.6.2003. in essence, section 153a has in focus the 'case of a person ..... against emaar. subsequently on 17.9.2007, the ddit issued summons under section 131 of the income tax act, 1961 (the act for the sake of brevity) on 17.9.2007 to ms.sandhya sama and shri sanjay k. jain, the employees of the petitioner firm and their statements ..... access to the data contained in two laptops belonging to them. the brief facts adumbrated before us are that while conducting an audit of emaar on 11.9.2007, the laptops of two employees of the petitioner were seized by the deputy director, income tax (ddit) in the course of conducting a search and seizure operation .....

Commissioner of Wealth-tax Vs. Prem Nath Motors Pvt. Ltd.

Court : Delhi

Reported in : 100(2002)DLT357; [1999]238ITR414(Delhi)

..... . 14,91,874/- in an incomplete and unfinished factory building is not liable to be included in the wealth of the assessee-company?'2. the questions calls for interpretation of section 40 of the finance act, 1983. the assessed was constructing a building. the value of investment made therein was sought to be included in the assessable wealth of the assessee ..... . section 40(3)(vi) which is relevant for our purpose reads as under:'(3) the assets referred to in sub-section (2) shall be following, namely: (vi) building of land appurtenant thereto, other than building ..... r.c. lahoti, j.1. this is a petition under section 27(3) of the wealth-tax act, 1957, arising out of the assessment year 1987-88 whereby the revenue seeks a mandamus to the tribunal for drawing up a statement of case and referring the following question .....

Commissioner of Income-tax Vs. M.L. Narang and anr.

Court : Delhi

Reported in : [2001]247ITR718(Delhi)

..... . there is no appearance for the assessed in spite of service of notices.5. section 140a was inserted by section 34 of the finance act, 1964. the section at the relevant time read as follows :'140a. self-assessment.--(1) where a return has been furnished under section 139 and the tax payable on the basis of that return as reduced by any ..... tax already paid under any provision of this act exceeds five hundred rupees, the assessed shall ..... govern both of them.2. pursuant to this court's directions in i. t. c.s nos. 115 and 116 of 1976, under section 256(2) of the income-tax act, 1961 (in short 'the act'), the income-tax appellate tribunal, delhi bench-d (in short 'the tribunal'), has referred the following question, in each case, pertaining to .....

Commissioner of Income-tax Vs. Richa and Co.

Court : Delhi

Reported in : [2001]252ITR40(Delhi)

..... assessed had filed its return for the assessment year 1989-90. an intimation under section 143(1)(a) of the act had been issued to it. subsequently action under section 154 of the act was initiated on the ground that in view of the retrospective amendment of section 28(iii)(b) by the finance act, 1990, operative with retrospective effect, the assessed's claim for deduction under ..... section 80hhc of the act was to be altered for the purpose of an allowance. overruling the assessed's objection that such action was not permissible under section 154 of the act, the assessing officer passed an order by .....

Anurag Malik Vs. Sh. Amit Malik and anr.

Court : Delhi

Reported in : 2005(3)ARBLR591(Delhi); 126(2006)DLT114

..... the 16th edition of russel's work. perhaps this is because in england an award is no more required to be stamped by virtue of section 35 schedule 8 of the finance act, 1949 which was passed after the 14 the edition was published.'14. there can be no dispute about the aforesaid proposition that merely by getting ..... the time period stipulated if the aforesaid period is taken into consideration as provided in section 34 of the act read with section 36 of the said act and section 23 of the registration act. the question of an application being made under section 25 of the act would arise only if the period of four months had elapsed and the further period ..... that the requirement of law had been fulfillled before it can be assumed by any court that the document had been registered within the meaning of section 25 of the registration act. learned counsel also referred to the division bench judgment in chindhu v. ramewarnath to contend that where registration is in contravention of any provision of .....