Judgment Search Results Home > Cases Phrase: finance act 2012 central chapter iii direct taxes Court: andhra pradesh Page 1 of about 231 results (0.166 seconds)

Suryalatha Spinning Mills Ltd. and anr. and Suryavanshi Finance and In ...

Court : Andhra Pradesh

Reported in : [1997]223ITR713(AP); [1997]93TAXMAN310(AP)

..... allowance for the assessment year, the income of the petitioner for the assessment year 1990-91 became nil. the petitioner says that section 115j was inserted by the finance act, 1987; and a new concept of book profit was introduced; and the provisions of section 80vva were deleted. by virtue of the operation of the newly inserted provision ..... section 80vva which was inserted in 1983 but from the year 1988-89 that provision was deleted and section 115j was inserted. sample studies carried out by the central board of direct taxes revealed that while the provisions of section 80vva have had the effect of subjecting the companies to minimum tax which they would not have ..... section (1) of section 72 or section 73 or section 74 or sub-section (3) of section 74a or sub-section (3) of section 80j.' 9. by the finance act, 1987, chapter xiib containing a lone section, viz., section 115j, extracted above, was inserted with effect from april 1, 1988. it replaced section 80vva and remained in force .....

Smt. K. Durga Rani and Another Vs. Appropriate Authority and Another.

Court : Andhra Pradesh

Reported in : [1998]231ITR472(AP); [1998]100TAXMAN492(AP)

..... and the counter-affidavit filed by the under secretary, central board of direct taxes, department of revenue, observed that (page 548) :'........ the powers ..... of compulsory purchase conferred under the provisions of chapter xx-c of the income-tax act are being used and intended to ..... section 269ud of the act has not laid down any guidelines for pre-emptive purchase of the property relying on the historic legislative background for enacting chapter xx-c, and the instruction no. ia 88 issued by the central board of direct taxes of the government of india, ministry of finance, department of revenue .....

K. Durga Rani and anr. Vs. Appropriate Authority, It Dept., Bangalore ...

Court : Andhra Pradesh

Reported in : 1998(3)ALD133

..... counter-affidavit filed by the under-secretary central board of direct taxes, department of revenue and it was observed that:'the powers ..... of compulsory purchase conferred under the provisions of chapter xx-c of the income tax act are being used and intended to ..... section 269ud(1) of this act has not laid down any guidelines for preemptive purchase of the property relying on the historic legislative background for enacting chapter xx-c, and the instruction no.iass issued by the central board of direct taxes of the government of india, ministry of finance, department of revenue and the .....

The Commissioner of Central Excise Vs. M/S.Sri Chaitanya Educational C ...

Court : Andhra Pradesh

..... period of one year, it is barred by section 73 of the finance act.5. the senior standing counsel for revenue submits that, the learned cestat was in error in passing the impugned order in a routine manner ignoring section 35f of the central excise act. he also points out that, in the other appeal filed by ..... cestat did not consider the circular dated 28.1.2009 issued by the central board of excise & customs with regard to retrospectivity. per contra, the counsel for the respondent reiterated their position as pleaded in their counter summarized herein above.6. the finance act, 1994 confers power on the commissioner to serve notice on the person chargeable ..... half yearly returns. the jurisdictional adjudicating authority i.e., the commissioner of central excise & customs issued notice dated 08.9.2008 calling upon the petitioner to show cause as to why action should not be taken under section 73(1) of the finance act, and the service tax rules, 1994, for consideration of the commercial nature .....

P. Ravinder Vs. National Stock Exchange of India Ltd.

Court : Andhra Pradesh

Reported in : [2004]121CompCas275(AP); (2004)4CompLJ201(AP); [2004]49SCL43(AP)

..... the document. (3) large acquisition of mol shares by nagarjuna securities limited apparently subsequent to the suspension of the scrip, indicating the presence of certain extraneous financing transactions.(b) nagarjuna securities limited vide their letter dated june 13, 2000 has stated that their shareholding of 2,54,100 shares in maruti organics limited arose ..... and stock broking services were m.k. securities and pennar patterson securities (wdm trading member).iv. in respect of two trading members with net buy position, namely param finance and arcadia share and stock brokers, the client was one and the same, namely v. prabhakar (net buy position of 1,90,000 shares). mr. v. ..... indicated in section 4. the various powers and obligations of a recognized stock exchange arc contained in the other provisions of the act apart from the various powers that can be exercised by the central government vis-a-vis the stock exchanges.25. for the purpose of the present case, it is necessary to examine the .....

Cement Corporation of India Ltd., New Delhi and Others Vs. B.B.V. Kris ...

Court : Andhra Pradesh

Reported in : 1999(6)ALD832; 1999(6)ALT341; (2000)ILLJ757AP

..... the corporation. if he is transferred to icl he would be denied the benefit of 5th pay commission and other benefits like education of his children in central school, ltc, medical benefits etc.9. having regard to the pleadings learned single judge considered the only question whether the action of the corporation in ..... reference to the bifr (constituted under section 4 of this act) for determination of the measures which shall be adopted with respect to the sick company. such a reference also be made by the central government, reserve bank of india, state government or public finance institution or a bank if there are several reasons to believe ..... losses. it became sick company as contemplated under section 3(o) of the sick industrial companies (special provisions) act, 1985 (hereinafter referred to as sica). a reference was made to the board for industrial and finance reconstruction (bifr) and the said reference was registered with bifr and the bifr declared the respondent-corporation as a .....

Chairman, L.i.C. of India, Bombay and Others Vs. Kalangi Samuel Prabha ...

Court : Andhra Pradesh

Reported in : AIR1997AP304

..... corporation has the power to frame regulations as to the method of recruitment as provided under section 49(2)(b) of the life insurance corporation of india act, the central government can frame rules as to the terms and conditions of the services hut not the method of recruitment. the circulars issued by the managing director and ..... of agents and the learned single judge rightly held that the circulars are illegal.23. as per section 48(2) of the life insurance corporation of india act, the central government is vested with the power of framing regulations as to the terms and conditions of services of employees and agents of the corporation.24. as per ..... applications ii led by the spouses were rejected writ petition no. 6925 of 1994 is filed questioning the termination of the agency. the government of india, ministry of finance wrote a letter dated 6-7-1981 to the chairman. life insurance corporation of india requesting him to issue instructions to all of his field formations directing them .....

Life Insurance Corporation of India and ors. Vs. Kalangi Samuel Prabha ...

Court : Andhra Pradesh

Reported in : 1997(3)ALT783

..... corporation has the power to frame regulations as to the method of recruitment as provided under section 49(2)(b) of the life insurance corporance of india act, the central government can frame rules as to the terms and conditions of the services but not the method or recruitment. the circulars issued by the managing director and ..... of agents and the learned single judge rightly held that the circulars are illegal.23. as per section 48(2) of the life insurance corporation of india act, the central government is vested with the power of framing regulations as to the terms and conditions of services of employees and agents of the corporation.24. as per ..... applications filed by the spouses were rejected. writ petition no. 6925 of 1994 is filed questioning the termination of the agency. the government of india, ministry of finance wrote a letter dated 06-07-1981 to the chairman, life insurance corporation of india requesting him to issue instructions to all of his field formations directing them .....

R.Damodar Red Vs. the Commissioner of Income Tax and Anoth

Court : Andhra Pradesh

..... amount at 50% of the arrears of taxm, under clause (a)(iv) of section 88 of the finance act, 1998 (for short the act).it was also stated that when doubt arose in this behalf, clarification was sought from the central board of direct taxes (cbdt).and through letter, dated 03.09.1988, clarification was given; and the ..... the competent legislature. acceptance of the contention of the accused therein would have resulted to absurd situations. in r. v baker , section 23(2) of the firearms act, 1937 fell for consideration. it provided for punishment of imprisonment of 7 years.if a person is arrested on suspicion of having committed schedule offence, i.e.possessing ..... issued by the board, in a way adds some more dimensions and angles to the scheme. basically, the board can neither expand nor restrict the scope of the act, but can only issue instructions and clarifications, for effective implementation. instances, though rare, are not lacking, in which a grammatical reading of a provision of law would .....

Warner Hindustan Ltd. and anr. Vs. Income-tax Officer and ors.

Court : Andhra Pradesh

Reported in : [1982]134ITR158(AP)

..... in birmingham small arms co. ltd. v. irc [1951] 2 all er 296 construing the expression 'capital employed' in relation to the excess profits tax imposed by the finance act, 1939, lord simonds, speaking for the house of lords, held that the expression (p. 299): ''capital employed' means assets employed. for the capital is something which ..... and each of the four assessment years immediately succeeding the initial assessment year:......' 3. in exercise of the rule-making power vested under s. 296 of the act, the central board of revenue has framed r. 19a, which reads as follows: '19a. (1) for the purposes of section 80j the capital employed in an industrial ..... operate such plant or plants, at any time within the period of twenty-three years next following the april 1, 1948, or such further periods as the central government may, by notification in the official gazette, specify with reference to any particular industrial undertaking; (iv) in a case where the industrial undertaking manufacturers or .....