Judgment Search Results Home > Cases Phrase: finance act 2012 central chapter iii direct taxes Court: mumbai Year: 2010 Page 1 of about 8 results (0.271 seconds)

The Prudential Assurance Company Ltd. a Company Incorporated in the Un ...

Court : Mumbai

Reported in : (2010)232CTR(Bom)12

..... that the commissioner was justified in seeking recourse to his revisional jurisdiction under section 263.8. chapter xix-b of the income tax act, 1961 was introduced with effect from 1 june 1993 by the finance act of 1993. the chapter makes a provision for advance rulings and constitutes an authority, presided over by a retired judge of the ..... the petitioner under section 263 and there is no reason for this court to exercise its extra ordinary jurisdiction under article 226 of the constitution; and (ii) the central board of direct taxes had in a circular dated 15 july 2007 directed the assessing officers to evaluate whether, in a given case, shares are held by the ..... case relates to assessment years 2004-2005 and 2005-2006. on 30 april 2001, the authority for advance rulings (aar) constituted under section 245 of the income tax act, 1961 held that the purchase and sale of shares by the petitioner was in the ordinary course of its business and the income which resulted from this, constitutes .....

Godrej and Boyce Mfg.Co.Ltd. Mumbai. Vs. Commissioner of Income Tax,

Court : Mumbai

..... to its earlier decision, the supreme court held that the definition of the expression 'income' in section 2(24) is inclusive and includes losses. the finance act had merely intended to make what was otherwise implied, explicit. since the expression 'income' had been held by the supreme court to include losses, consequently where ..... the supreme court adverted to three circumstances : firstly, the departmental understanding of the effect of the 1999 amendment as contained in a circular of the central board of direct taxes afforded a reasonable construction thereof and there was no reason why the supreme court should not adopt it. secondly, the cardinal principle ..... , rules of apportionment were recognized by judicial decisions in india. in madras co operative central land mortgage bank ltd. vs. commissioner of income tax4, the supreme court considered the provisions of section 14(3) of the income tax act, 1922. income of a co operative society from its trading activity being exempt from .....

Jamshedpur Utilities and Services Company Limited, a Company Incorpora ...

Court : Mumbai

..... ' case.18. learned counsel mr. rajadhyaksha, appearing for respondent no. 2, contended that the central government was pleased to exempt from the whole of the service tax the following taxable services vide section 65 (clause 105) of the finance act:(i) which are provided in relation to authorised operations in special economic zone (sez), and(ii ..... sewerage system for services of customers in mihan area, nagpur.21. thus, it appears that the exemptions from service tax payable under chapter v of the finance act, 1994 (32 of 1994) on taxable services provided to a developer or unit to carry on the authorised operations within the meaning of section 26(1)(e ..... ) of the special economic zones act, 2005 can be claimed subject to sub-section (2) of section 26 of the act. the central government may prescribe, the manner, in which, and, the terms and conditions subject to which exemptions, concessions, drawback .....

Vodafone International Holdings B.V. Vs. Union of India (Uoi) and anr.

Court : Mumbai

..... may state that we have two sets of cases before us. the lead matter covers assessment years before insertion of section 94(7) vide finance act, 2001 w.e.f. 1.4.2002. with regard to such cases we may state that on facts it is established that there was ..... by the union of india before the supreme court.61. the supreme court held that section 90 of the income tax act, 1961, enabled the central government to enter into an agreement with the government of any foreign state inter alia for the avoidance of double taxation and ..... (1) of section 4 is on the total income of every person for a previous year at the rate or rates enacted in a central act. under sub section (1) of section 5, in the case of a person who is a resident, the total income of any ..... burden being on the person to prove the existence of good and sufficient reasons. (see also star india p. ltd. vs. commissioner of central excise.56) we hence, keep this issue open to be urged by the 56 (2006) 280 itr 321 (s.c.)petitioner before the .....

Eversmile Pre-fab Pvt. Ltd. Vs. Commissioner of Central Excise Thane-i ...

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai

..... originally covered "all other articles of stone, plaster, cement, asbestos, mica or other similar materials not elsewhere specified or included" underwent a change under the finance act, 1997 and, accordingly, three sub-headings came into existence from 1.4.1997, of which sh 6807.20 covered "blocks, slabs, concrete beams and stairs ..... which the structural parts consist of prefabricated individual units or assemblies ......". this term has also been defined in chapter 94 of the schedule to the central excise tariff act vide chapter note 4, which reads as under:- "for the purposes of heading no.94.06, the expression 'prefabricated buildings' means buildings which ..... , mentions some advantage of hollow concrete block masonry over brick masonry. two buyers of such blocks, in their statements under section 14 of the central excise act, categorically stated that they had used the concrete blocks supplied by the appellant in the place of bricks for erecting walls of buildings at the construction .....

M/S.Malaysian Airlines. M/S.Saudi Arabian Airlines. and ors Vs. the Un ...

Court : Mumbai

..... lays down the time limit for payment of ftt into the credit of the central government.39. the learned counsel for the revenue while relying upon the provisions of the finance act, 1979 submit that the subsection (3) of section 38 of the act would be applicable immediately upon failure to pay tax as envisaged under section 35( ..... 1.all these petitions filed by the petitioners under article 226 of the constitution of india are challenging imposition of penalty under section 38(3) of the finance act, 1979 ("finance act" or "act" for short) for delay in payment of foreign travel tax ("ftt" for short) to the government. the facts involved in all these petitions are ..... case.43. the finance act, 1979, which received assent of the president on 10th may, 1979 contains chapter v which provides for provisions of levy of ftt under section 35 of the act on all passengers embarking on the international journey and created liability on the carriers to collect and pay it to the central government.44. section .....

The Commissioner of Central ] Excise and Custom, Daman, Vs. M/S. Gujch ...

Court : Mumbai

..... , subject to such conditions and limitations as may be laid down by it, permit dutypaid icecream falling under heading no.21.05 of the schedule to the central excise tariff act, 1985 (5 of 1986) to be deposited in storeroom or other place of storage](3) every such storeroom or place shall be declared by the manufacturer ..... in which they are contained and such other particulars as the [commissioner] may by general or special order require.[(5) notwithstanding anything contained in subrule (1), the central board of excise and customs may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of the manufacture where ..... afternoon of the day preceding the day appointed for the presentation of the annual or any supplementary budge of the central government to the parliament or for the introduction in the house of the people of any finance bill or any bill for the imposition or increase of any duty.(2) any person who fails to furnish .....

In Re: Europlast India Ltd. a Company Incorporated Under Companies Act ...

Court : Mumbai

..... interim stay to the proceedings in cr no. 45 of 2000 pending in the court of the special judge under the maharashtra protection of interest of depositors (finance establishment) act, 1999 was granted by this court(bobde,j.) on 9.6.2000. shri rego submits that the criminal proceedings which are pending before the special court ..... affidavits. rajeev khandelwal has neither appeared nor bothered to file any response. from the affidavit filed by mr. ramesh vaze, it transpires that mr. rajeev khandelwal was the central figure, who was involved in the negotiations with 'k' company, presumably projecting himself to be the director of 'g' company. at the same time, the new directors ..... its registered address. similarly, 'g' company changed its registered address. it is then stated that 'k' company after purchase of suit property had applied for grant of central excise license at panvel, when they were informed that 'e' company owed a sum of rs. 32 lakhs to the collector and until that amount was paid, .....