Judgment Search Results Home > Cases Phrase: finance act 2012 central chapter iii direct taxes Court: himachal pradesh Page 1 of about 14 results (0.073 seconds)

Yogendra Chandra Vs. Commissioner of Wealth-tax and ors.

Court : Himachal Pradesh

Reported in : [1991]187ITR58(HP)

..... delhi stock exchange assocation ltd. : [1979]3scr373 , wherein the supreme court took note of a press statement or press note which had been issued by the finance ministry immediately upon the issue of the notification in question for coming to a conclusion as to the nature of contracts which were to be considered as being covered ..... of relief in the matter of penalty were being conferred on the commissioner by these provisions, particularly those contained in sub-section (4). the interpretation of the central board of direct taxes can be considered only as an aid to understanding the intention of parliament in enacting, in particular, sub-section (4). such an interpretation ..... penalty imposed upon the assessee is in the process of being recovered.8. after the passing of the taxation laws (amendment) act, 1975, circular no. 179 dated september 30, 1975, was issued by the director, central board of direct taxes. it is printed in [1976] 102 itr 9. it describes the subject of the circular to .....

Commissioner of Income-tax Vs. Himachal Pradesh Financial Corporation

Court : Himachal Pradesh

Reported in : [1998]232ITR138(HP)

..... the different high courts that total income as computed before making deductions under the said clause had then received the statutory recognition by the amendment act in 1985 introduced by section 10 of the finance act, 1985,6. hence, we have no hesitation to answer the question referred to us in the affirmative by holding that the tribunal was right ..... september 19, 1984, in ita no. 726 of 1982, the issue was resolved in favour of the assessee. this was in view of the circular of the central board of direct taxes giving such benefit to the assessees and also relying on the decision of the patna high court in the case of bihar state ..... also before taking into account the deduction allowable under section 36(1)(viii) itself ?'2. the assessee claimed deduction under section 36(1)(viii) of the income-tax act, at the prescribed percentage of the total income computed before allowing any deduction under chapter vi-a and also before considering deduction allowable under section 36(1)(viii) itself. .....

Commissioner of Income Tax Vs. Gulshan Electric Store and Malhotra Jew ...

Court : Himachal Pradesh

..... on circular f. no. 279/126/98-it, dated march 27, 2000, issued by the central board of direct taxes, which reads as under:instruction no. 1979f. no. 279/126/98-itgovernment of india,ministry of finance (department of revenue),central board of direct taxes,new delhi, dated the 27th march, 2000.toall chief commissioners of income ..... is the subject- matter of an adverse order.(iii) where prosecution proceedings are contemplated against the assessee.(iv) where the constitutional validity of the provisions of the act are under challenge.4. special leave petitions under article 136 of the constitution are filed before the supreme court only in consultation with the ministry of law. ..... of excess stock and cash as 'book profit' for the purpose of computing salary/remuneration to the partners whereas as per definition provided in the income-tax act, 1961 the book profit means the net profit earned by the assessee during the relevant previous year?iii) whether on the facts and in the circumstances of .....

In Re: Gontermann-piepers (India) Ltd.

Court : Himachal Pradesh

Reported in : [2005]57SCL225(HP)

..... action against the company's assets must remain stayed as stated in section 22 till final decisions are taken by the bifr. the ratio of the decision in industrial finance corpn. of india v. maharashtra steels ltd. [1990] 67 comp. cas. 412 (all), the high court of himachal pradesh in orissa sponge iron ltd. v ..... an industrial company becomes a sick industrial company, such company has to make a reference to the board within the period prescribed thereunder. even otherwise the central government or' the state government as well as the reserve bank and other public financial institutions or scheduled banks are also entitled to make a reference under ..... judge reveals that 1st petitioner-company has made a reference to the board for industrial and financial reconstruction (bifr) under the sick industrial companies (special provisions) act, 1985 (for short 'the sica') and the said reference was subsequently registered. the learned single judge adjourned the matter for 22nd april, 2004 to consider .....

Union of India (Uoi) Vs. C. Baljee and ors.

Court : Himachal Pradesh

Reported in : AIR1974HP1

..... averred that a certified copy of the impugned order had to be obtained and the ministry of law as well as the ministry of finance of the central government had to be consulted. the central government had also taken proceedings for appealing to the supreme court against the decision of the full bench of the delhi high court in ..... why this explanation should not be accepted. in my opinion, there is good ground for condoning the delay. the central government acted prudently in seeking the advice of the ministry of law and the ministry of finance and also in waiting to see whether an appeal could be filed in the supreme court against the decision of the ..... delhi high court before deciding whether it should file the present writ petition. had the delhi high court refused a certificate to the central .....

Commissioner of Income Tax Vs. Kiran Enterprises and ors.

Court : Himachal Pradesh

..... for which the determination is to be made.it would not be out of place to mention that after the amendment made in section 80-1a by the finance act, 1999 w.e.f. 1.4.2000, section 80-1a was split into two parts and now section 80-1a applies to undertakings and enterprises engaged in ..... of the transport expenses incurred by the industrial undertakings to transport raw material to the factory and to transport finished goods from their industries is subsidized by the central government. the question which arises is whether this freight subsidy is income derived from the business of the industrial undertaking and can be included in the profits ..... gujarat high court held that the object of the duty draw back scheme is to reimburse exporters for tariffs paid on the imported raw materials and intermediates and central excise duties paid on domestically produced inputs which enter into export production. these customs and excise duties on inputs raise the cost of production in industries and thereby .....

Commissioner of Income Tax Vs. Kiran Enterprises

Court : Himachal Pradesh

Reported in : (2010)228CTR(HP)101

..... which the determination is to be made.3. it would not be out of place to mention that after the amendment made in section 80-1a by the finance act, 1999 w.e.f. 1.4.2000, section 80-1a was split into two parts and now section 80-1a applies to undertakings and enterprises engaged in ..... of the transport expenses incurred by the industrial undertakings to transport raw material to the factory and to transport finished goods from their industries is subsidized by the central government. the question which arises is whether this freight subsidy is income derived from the business of the industrial undertaking and can be included in the profits eligible ..... be the industrial undertaking of the assessee. the source of the import entitlements can, in the circumstances, only be said to be the export promotion scheme of the central government where under the export entitlements become available. there must be, for the application of the words 'derived from,' a direct nexus between the profits and gains .....

Janak Raj Bansal Vs. Commissioner of Income Tax

Court : Himachal Pradesh

Reported in : (2010)228CTR(HP)167

..... which the determination is to be made.3. it would not be out of place to mention that after the amendment made in section 80-ia by the finance act, 1999 w.e.f. 1st april, 2000, section 80-ia was split into two parts and now section 80-ia applies to undertakings and enterprises engaged in ..... of the transport expenses incurred by the industrial undertakings to transport raw material to the factory and to transport finished goods from their industries is subsidized by the central government. the question which arises is whether this freight subsidy is income derived from the business of the industrial undertaking and can be included in the profits ..... be the industrial undertaking of the assessee. the source of the import entitlements can, in the circumstances, only be said to be the export promotion scheme of the central government where under the export entitlements become available. there must be, for the application of the words 'derived from,' a direct nexus between the profits and gains .....

Himachal Road Transport Corporation Vs. Bimla Kanwar and ors.

Court : Himachal Pradesh

Reported in : I(2002)ACC346,II(2002)ACC754,2002ACJ346

..... compensation enhanced. high court had enhanced the compensation of rs. 9,780 in case of a deceased aged 29 years drawing rs. 145 per month as a class iv central government employee. though compensation of rs. 50,000 had been claimed, but after consideration of revision of pay scales as per report of the pay commission it was enhanced ..... the reason for its admission.33. it may not be out of place to notice here that the revised pay scales were made applicable by the government of h.p. finance department (pay revision section) notification no. fin-(pr) b (7) 1/98, dated 20.1.1998, whereby revision of pay scales was allowed. by means of this notification, ..... bimla kanwar. against the award amount of rs. 7,97,700, all three of them had claimed rs. 20,00,000 in the petition filed by them under the act before the tribunal.3. in this appeal respondents have filed cross-objections for enhancement of compensation by modifying the award. at the same time, an application for additional evidence was .....

New India Assurance Company Ltd. Vs. Mrs. Ritu Upadhaya and Others

Court : Himachal Pradesh

..... has wrongly saddled the insurance company with the liability, is not tenable. 12. claimants have proved by leading evidence that deceased was a chartered accountant being assistant manager (finance) and was drawing salary to the tune of `37746/-. the salary slip is exhibited as ext. pw3/a. the tribunal, after making deductions, i.e., ..... trial court record also discloses that the claimants have proved by leading oral as well as documentary evidence that the deceased was a chartered accountant being assistant manager (finance) in the employment of the national hydro electric power corporation ltd./respondent no. 5, who died in the vehicular accident, which was caused by the driver ..... the deceased was employee of respondent no. 5 and was not covered as per the insurance policy, which was act policy?. 7. the claimants have also filed crossobjection in this appeal being cross objection no. 375 of 2012. 8. admittedly, there is no dispute about the cause of the death of the deceased, who was a .....