Judgment Search Results Home > Cases Phrase: finance act 2012 central chapter iii direct taxes Court: chennai Page 7 of about 523 results (0.191 seconds)

S. Sevugan Chettiar Vs. Principal Chief Commissioner of Income-tax, Ch ...

Court : Chennai

..... for voluntary retirement under the early retirement option scheme shall be entitled to exemption under section 10(10c) of the income tax act, 1961 (hereinafter referred to as the act). following the said decision, the central board of direct taxes issued a circular dated 13.4.2016 stating that the judgment of the hon'ble supreme court be ..... case of c. navaneethakrishnan v. a.c.i.t. [w.p.(md) no.3263 of 2012 etc. cases dated 10.9.2012]. 7. mr. j. narayanasamy, learned senior standing counsel for the revenue has referred to section 139(5) of the act and contended that when the said provision stipulates the outer time limit, within which, the assessee ..... as the third respondent is not entitled to entertain a revised return beyond the statutory time limit. it is further submitted that the petitioner can always move the central board for appropriate relief, which is entitled to consider the grant of exemption. 8. after hearing the learned counsel for the parties and perusing the materials placed .....

Gannan Dunkerley and Co. (Madras) Ltd. Vs. State of Madras

Court : Chennai

Reported in : AIR1954Mad130

..... even holding-company, which does not do any active business but only indulges in passively carrying on business, may yet be doing 'business' within the meaning of the finance act.42. a. lewis and co. (westminster), ltd. v. bell property trust ltd.', 1940 1 ch 345 (z3), is an interesting case. the question dealt ..... and work and labour and technical skill for the construction work are provided by the company. in the case of contracts with the state and central governments, they sometimes act as their procuring agents, purchasing materials on their behalf according to their specifications and instructions. in the case of such contracts, the governments ..... of execution of contracts for construction of buildings, bridges, dams, roads and structural contracts of all kinds. the important customers of the company are the central and state governments but there are also some private parties. in addition to the said business, they also carry out sanitary engineering contracts and sell sanitary wares .....

Indian Institute of Architects Vs. Union of India (Uoi)

Court : Chennai

Reported in : 2000(121)ELT609(Mad); 2006[2]STR295

..... of 1999 in w.p. no. 773 of 1999, by order dated 22-1-1999, granted interim stay of the operation of the relevant provisions of the finance act, 1994 (act 32 of 1994). the petitioner herein has taken out a contempt application on the ground that the authorities in other states have not chosen to obey the interim ..... herein has filed the writ petition for the issue of a writ of declaration to declare some of the provisions of the finance (no. 2) act, 1998 and the rules framed thereunder and the finance act, 1994 (act 32 of 1994) as amended by notifications issued thereunder levying service tax on the persons carrying on the profession of architecture as ..... enforcement of its provisions on its members and hence, this court has the jurisdiction to entertain the writ petition.5. mr. k. veera raghavan, learned additional central government standing counsel appearing for the respondents supported the order of the learned single judge. he relied upon the decisions of the supreme court in the case of .....

Optigrab International Vs. Government of India

Court : Chennai

Reported in : 2010(253)ELT722(Mad)

..... of customs duty, pending before an adjudicating authority on the day on which the application under sub-section (1) to section 127(b) is made, (substituted as per finance act, 2007 (22 of 2007) section 91 (w.e.f. 1-6-2007) we are of the view that such a contention was untenable because of the fact that ..... the goods by shipping bills from three different destinations - port/airport i.e., sea port of chennai and tuticorin and airport chennai under rule 19(2) of central excise rules, the appellant firm availed certain duty from import of cotton yarn and fabrics without paying duty for such imports. three show cause notices were issued and answerable ..... garments manufactured were exported to overseas customers viz., m/s. knock out, m/s. esprit and m/s. s. oliver company. under rule 19(2) of central excise rules, the appellant firm availed certain duty free cotton yarn/fabrics without paying duty for such imports. on gathering intelligence that the appellant procured duty free cotton yarn/fabrics .....

Tamil Nadu Hotels Association Vs. Union of India (Uoi)

Court : Chennai

Reported in : 2001(78)ECC584; 2001(133)ELT265(Mad); 2006[2]STR513

..... services provided by the outdoor caterer. in so far as the services provide by the 'mandap keeper', the said services which were provided for in finance act, 1977 were continued in finance act no. 2/98 which was brought into with effect from 16-10-1998. however, the services provided by the outdoor caterer, who was defined ..... furnish or cause to be furnished to the central excise officer in the prescribed form and verified in the prescribed manner a quarterly return within fifteen days of the end of the preceding quarter giving various particulars required under the said provision. this finance act was substantially amended by finance act, 1997 and number of other services were ..... under the provisions of chapter v. this tax was to apply to all the 'taxable services' provided after the commencement of chapter v. section 66 of the finance act, 1994 is a charging section. few other provisions would be necessary to be seen. section 65(16) as it stood then defined the 'taxable service' while, .....

R. Karuppan Vs. R. Namachivayam

Court : Chennai

Reported in : 1998(99)ELT214(Mad)

..... to the customs board. the appellant aggrieved by the levy of 240% duty instead of concessional rate of duty at 35% appealed to the finance ministry. the finance ministry and the customs board approved the clearance of the fire arms and ammunition as baggage and held that the appellant's import by baggage would ..... power, inasmuch as for the adjudicating authority did not consider the past practice of clearing the guns without import licence which had been approved by the finance ministry, customs board and at the tariff conference. the appellant also filed an interim application for an interim direction directing the respondents to release all the ..... the export and import policy. 29. section 3 of the foreign trade (development and regulation) act, 1992, deals with the power of central government to make provision relating to imports and exports, which reads thus : 3. (1) the central government may by order published in the official gazette, make provision for the development and regulation of .....

Madras Hire Purchase Association Vs. Union of India (Uoi)

Court : Chennai

Reported in : [2009]21STT355

..... evolved on account of service industry becoming a major contributor to the gdp of an economy, particularly knowledge-based economy. with the enactment of the finance act, 1994, the central government derived its authority from the residuary entry 97 of the union list for levying tax on services. the legal backup was further provided by ..... list i of viith schedule under article 268a are introduced giving authority of the parliament to legislate on service tax; that section 65(12) of the finance act, 1994 defines 'banking and other financial services' as 'financial leasing services including equipment leasing and hire-purchases'. the learned additional solicitor general further submitted that ..... stage it may be. the central government is therefore legally competent to evolve a suitable machinery for collection of the service tax subject to the maintenance of a rational connection between the tax and the person on whom it is imposed. by sections 116 and 117 of the finance act, 2000, the tax is .....

Rajshree Sugars and Chemicals Limited Rep. by Its Director and Chief O ...

Court : Chennai

Reported in : 2008BusLR908; 2009(1)CTC227; (2008)8MLJ261

..... of india on the recommendation of forward markets commission (b) the forward markets commission (it was set up in september 1953) and (c) the central government. the act excluded transactions on stock exchanges, so as to deal with them separately. as seen from the statement of objects and reasons, options were prohibited altogether ..... be more prepared to engage in risk-taking activities. it could also serve to improve the quality of prediction of future events in the world of finance and investments. derivatives provide a global network for intelligent assessment, management, and distribution of risk on a large scale.9. broadly stated there are ..... commodity futures trading commission (cftc) and international swaps and derivatives association (isda) and the national futures association (nfa). experts in the field of economics, finance and investment feel that derivatives are valuable because they provide efficient ways to manage and transfer risk. a business owner who is exposed to changes in .....

Mrs. S. Bagavathy Vs. State of Tamil Nadu, Rep. by Its Secretary, Law ...

Court : Chennai

Reported in : 2007(2)CTC207

..... authorities and the special court under the provisions of the tamil nadu act already exist with the appropriate authorities under the reserve bank of india act, 1934 and companies act, 1956, it is contended that there is no repugnancy between the tamil nadu act and central acts which provide lesser or lighter consequences, in view of the objects ..... bank v. chief judicial magistrate, pondicherry and ors. 2006-4-lw 535, upheld the constitutional validity of the pondicherry act, of course, following the decision of p. sathasivam, j. reported in thiru muruga finance v. state of tamil nadu, referred supra.3.4. on the other hand, the full bench of the bombay ..... high court struck down the maharashtra act and declared the same to be ultra vires holding that the maharashtra act directly conflicts with the provisions of the central legislation such as, companies act, 1956, reserve bank of india act .....

M. Natarajan Vs. State Represented by Inspector of Police, Spe/Cbi/Acb

Court : Chennai

Reported in : 2006(197)ELT476(Mad)

..... 239 of the criminal procedure code, accused shall be given an opportunity of being heard.6. learned counsel for the petitioner drew my attention to the various provisions of finance act 2/98 and more particularly, section 86 in chapter iv of the special enactment and also to the kar vivad samadhan scheme of 1998 (kvss) which ..... certificate issued under kvss. the appellants are being prosecuted in their capacity as office-bearers of gcs. as the customs duty has already been paid, the central government has not suffered any financial loss. moreover, as per kvss, 1998, whoever is granted the benefit under the said scheme is granted immunity from prosecution ..... in the columns of statutory form-1b, wherein, besides name, status and address of the declarant, the other substantive particulars required are the commissionerate of central excise/customs where assessed or from where a show cause/demand notice issued regarding tax arrears, the reference number of the same along with description of seizure .....