Judgment Search Results Home > Cases Phrase: finance act 2012 central chapter iii direct taxes Court: mumbai Year: 1989 Page 1 of about 7 results (0.092 seconds)

Agrima Project Engg. and Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1990)32ITD421(Mum.)

..... taxman 335, where it was observed that the amount of deduction under section 80mm should be worked out with reference to gross income. section 80ab, inserted by the finance (no. 2) act, 1980, provides that the deduction under section 80mm should be worked out with reference to net income. section 80ab has been made effective from april 1, 1981 ..... been decided on merits; (iv) that 80-o deduction has to be in accordance with the law, viz. the provision as contained in the income-tax act, 1961 and the central board of direct taxes could not have excluded amounts paid to sub-contractors, since the c.b.d.t. has not appreciated the legal implications thereof; (v ..... the above, the following reasoning emerges as that of the learned lower authorities:- (i) that the assessee-company had not put forward true and correct facts before the central board of direct taxes or, in any case, had put forward incomplete facts, particularly with reference to sub-contracting of certain jobs abroad; (ii) if true and .....

Universal Generics (P.) Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1989)31ITD369(Mum.)

..... those rates shall be charged for that year in accordance with, and subject to the provisions of, the said act. the expression "charged" is used both in the case of the central act, i.e., the finance act, and the income-tax act. it could not have been the intention of the legislature to charge the income to income-tax under two ..... says that section 3 of the income-tax act is the charging section and that the finance act only prescribed the rate of tax payable. uninfluenced by judicial decisions, let us at the outset look at the relevant provisions of the two acts. under section 3 of the income-tax act, where any central act enacts that income-tax shall be charged for ..... acts. necessarily, therefore, they are used in two different senses. the tax is to be charged for that year in .....

Noshir Shapurji Dhabhar and ors. Vs. the Municipal Corporation of Grea ...

Court : Mumbai

Reported in : AIR1989Bom382; (1989)91BOMLR96; 1989MhLJ887

..... costs are arbitrarily assessed. ordinarily, the fees are uniform and no account is taken of the varying abilities of different recipients to pay, vide lutz on 'public finance' p. 215. these are undoubtedly some of the general characteristics, but as there may be various kinds of fees, it is not possible to formulate a ..... and have in their report recommended charging of fees report recommended charging of fees for parking in congested city centers. considering the role and importance of the central business district of mumbai where at present 86% of the passenger movement is carried by public transport. the introduction of pay and park' scheme as one ..... now prescribed by the corporation for parking of four wheelers, three wheelers and two wheelers. held: under s.285 (i) of the madras city municipal corporation act (tamil nadu act iv of 1919), the commissioner of a corporation can construct or provide public landing places, halting places, cart-stands, cattle-stands and cow-houses and may .....

Padubidri Pattabhiram Bhat Vs. Shamrao Vithal Coop. Bank Ltd. and ors.

Court : Mumbai

Reported in : 1989(2)BomCR500; (1989)IILLJ377Bom; 1989MhLJ566

..... . such a clause, therefore, is opposed to public policy and being opposed to public policy, it is void under section 23 of the indian contract act. central inland water transport corporation ltd. v. brojo nath ganguly and others (supra).37. the bank has adopted the course of termination simpliciter for punishing the ..... inspection by authorities. the reserve bank of india is bound to cause inspection of the bank if so directed by the central government. (banking regulation act - section 35). the central registrar appointed by the central government may inspect the bank and hold, on his own motion, inquiry into the constitution, working and financial condition of ..... the bank into an authority.a unique feature of the act, as indeed of the banking regulation act, is the central government's power of inspection of the banks. the central registrar's authority goes far beyond routine inspection and extends to enquiring into the constitution, finances and functioning of the bank, a feature which is .....

Board of Trustees of the Port of Bombay Vs. State of Maharashtra and O ...

Court : Mumbai

Reported in : 1990(1)BomCR123; (1989)91BOMLR900; (1990)IILLJ280Bom

..... their applicability or otherwise to the factual structure which has already been indicated.6. the act in question came into force in 1953 by act no. xl of 1953 and it is to provide for the constitution for the financing of activities to promote welfare of labour in the state of maharashtra for conducting such activities ..... welfare commissioner being the officer of the first respondent-state of maharashtra and exercises powers and functions under the provisions of the bombay labour welfare fund act (shortly the act). the third respondent has also been joined being the maharashtra labour welfare board. the petitioners are undertaking certain activities which according to the respondents got ..... to catalogue all such activities which are detailed under the said major port trusts act most of which would obviously get the label and characteristic of trade or business. merely because there is a supervision or control of the central government of the scale of rate has been so fixed does not wipe out .....

20th Century Finance Corporation Limited and Another Vs. State of Maha ...

Court : Mumbai

..... petitioners' contention that the definition of "sale" in section 2(10) and in particular the explanation to the said clause were ultra vires the provisions of the central sales tax act. when the central sales tax act, 1956, was enacted, the word "sale" in entry 92a, list i, seventh schedule and in entry 54, list ii, seventh schedule meant transfer of property in goods ..... us letter no. dy 314/dir (st)/86 dated 3rd december, 1986 written by the director of sales tax, government of india, ministry of finance, department of revenue, stating that before the constitution (forty-sixth amendment) act, 1982 received the assent of the president of india, the same had been ratified by requisite number of state legislatures.28. after we had reserved .....

Mazgaon Dock Limited Vs. Association of Engineering and ors.

Court : Mumbai

Reported in : 1989(3)BomCR593

..... its financial incapacity to bear the burden on account of the existing dearness allowance system which the company wanted to replace. the bleak picture of its finances in future was painted by the company in the context of the workmen's demands which had nothing to do with the company's demand. the tribunal ..... wage level. we may reproduce here the relevant passages from the report of the 'dearness allowance commission on the question of the grant of dearness allowance to central government employees in future' (1967). while commenting on the recommendations of the first and the second pay commissions, the dearness allowance commission observes :'for us, ..... was taken into consideration was the minimum wage in non-scheduled industries (that is those industries which were not mentioned in the schedule to the minimum wages act). this was done because the minimum wages in the non-scheduled industries were fixed as a result of collective bargaining, arbitration or adjudication. the commission .....