Judgment Search Results Home > Cases Phrase: finance act 2012 central chapter iii direct taxes Page 2 of about 8,343 results (0.166 seconds)

M/S. Logos Constructions Pvt.Ltd., Rep. by Its Managing Director Vs. t ...

Court : Chennai

(appeal under section 83 of chapter v of finance act, 1994 read with section 35g of the central excise act, 1944 against the order of the first respondent made in final order no.274 of 2012 dated 20.3.2012 confirming the order of the second respondent made in order in original no.52 of 2010 dated 29.10.2010.) chitra venkataraman ..... had not complied with the order of this court, the appeal was liable to be dismissed for non compliance of the provisions of section 35 of the central excise act. aggrieved by this the present appeal. 2. learned senior counsel for the appellant pointed out that after the dismissal of the writ petition, the assessee moved ..... tribunal is not justified in rejecting the application for modification. in any event, according to the assessee, it had fully complied with the order on 13th february 2012. the petition filed by the assessee for extension of time for complying with the condition of additional deposit ought to have been considered in proper perspective. in such .....

Commissioner of Income-tax Vs. Mrs. Sunita Kumar

Court : Kolkata

Reported in : [1994]208ITR807(Cal)

..... race horses are of no aid since such decisions are concerned with the question in the context of the law that prevailed before the insertion of section 74a by the finance act, 1972, having effect from april 1, 1972. for example, in janab a. syed jalal sahib v. cit : [1960]39itr660(mad) , the assessee, besides carrying on the business ..... that no portion of the loss shall be carried forward for more than four assessment years immediately succeeding the assessment year for which the loss was first computed.' 12. the central board of direct taxes in circular no. 158, dated june 17, 1974, explained the scope of the said section in the following terms:--'34. carry forward and set ..... of income except his winnings from races nor is it allowed to be carried forward to be set off against income from any source in any subsequent year. the finance act, 1974, has amended section 74a so as to provide that the losses incurred by owners of race horses in the activity of owning and maintaining such horses, to .....

Micro Labs Ltd. and Others Vs. Deputy Commissioner of Income-tax (Asse ...

Court : Karnataka

Reported in : ILR1998KAR3784; [1998]231ITR934(KAR); [1998]231ITR934(Karn)

..... (see [1997] 226 itr (st.) 33), dated july 25, 1997, issued by the central board of direct taxes to the extent they preclude the petitioners from availing of the benefit under sub-section (1) of section 64 of the finance act in the year of search or any earlier years as discriminatory, arbitrary and unreasonable and opposed ..... in these petitions, the petitioners have made two prayers. firstly, they have prayed for a declaration that clause (ii) of sub-section (2) of section 64 of the finance act, 1997, is unconstitutional; and, secondly, for a writ in the nature of certiorari declaring the circulars bearing no. 754 (see [1997] 226 itr 8), dated june 10 ..... some records belonging to the petitioners also have been seized. 3. chapter iv of the finance act, 1997, provides for the voluntary disclosure of income scheme (hereinafter referred to as 'the scheme'). sub-section (1) of section 64 of the finance act (chapter iv) provides that subject to the provisions of the scheme, where any person makes, .....

M/S T T K Prestige Ltd Vs. The Union of India Reptd by Its Finance Sec ...

Court : Karnataka

..... order in these petitions, petitioners have prayed for striking down the provisions of chapter xii - h inserted in the income tax act, 1961 (for short act, 1961) by the finance act, 2005 (for short act, 2005) w.e.f. 1.4.2005 on the score that it is offending the provisions of article 14 of the ..... this writ petition is filed under articles226and227of constitution of india praying to strike down the provisions of chapter xii-h inserted in the income tax act, 1961 by the finance act, 2005 with effect from14.2005 as offending the provisions of article14of the constitution of india and as being beyond the legislative competence of parliament ..... central revenue building queens road, bangalore-560 001.... respondents (by sri.e.r.indrakumar, adv. for r-2 & r-3 sri.m.v.sheshachala, cgc, for r-3 sri.y.hariprasad, cgc for r1 & r2) this writ petition is filed under articles226and227of constitution of india praying to declare section115wa to wl of the income tax act, 1961 as introduced by the finance act .....

Smt. P. Soundarya Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1989)28ITD1a(Mad.)

..... to acquisition in all cases become inapplicable for transfers after 80th september, 1986. the central board of direct taxes by its circular dated 16th may, 1986, which bears repetition, stated as under: subject: acquisition of immovable properties under chapter xxa of income-tax act, 1961 - guidelines - regarding. the finance bill, 1986, has proposed that no proceedings shall be initiated under section 2690 of ..... - guidelines - regarding. the finance bill, 1986, has proposed that no proceedings shall be initiated under section 269c of the income-tax act, 1961, in respect of a property transferred after the 30th day of september, 1986. the bill also proposes to insert chapter xxc providing for purchase by central government of immovable properties in certain cases of transfer. with a view to achieve .....

National Federation of Insurance Field Workers of India and anr. Vs. U ...

Court : Uttaranchal

Reported in : (2004)187CTR(Uttranchal)180; [2004]265ITR84(Uttaranchal)

..... effect from april 1, 2001. in this connection, it was further submitted that section 17(2)(vi) was inserted by the finance act, 2001, with effect from april 1, 2002, and, consequently, it was not open to the central board of direct taxes to issue the impugned notification dated september 25, 2001, with effect from april 1, 2001. it was ..... an end to such conflict, parliament inserted clause (vi) in section 17(2) by the finance act no. 14 of 2001 with effect from april 1, 2002, by stating that even the value of any other fringe benefit as may be prescribed by the central board of direct taxes be included within 'perquisite' as defined under section 17(2). the words ..... been so held by the above judgment and therefore, it was not open to the central board of direct taxes, which was a rule-making authority, to identify 'interest free loan/concessional loan' as a fringe benefit under section 17(2)(vi) (as inserted by the finance act, 2001) with effect from april 1, 2002. in this connection, it was .....

Mathew M. Thomas and ors Vs. Commissioner of Income Tax

Court : Supreme Court of India

Reported in : AIR1999SC999; (1999)152CTR(SC)172; 1999(111)ELT4(SC); [1999]236ITR691(SC); JT1999(1)SC481; 1999(1)KLT740(SC); 1999(1)SCALE485; (1999)2SCC543; [1999]1SCR651

..... chapter xx-c was introduced in the income tax act (hereinafter referred to as 'act') by finance act of 1986 w.e.f. october 1, 1986. under section 269 rr, chapter xx-a was made inapplicable in relation to transfer of an immovable property after september 30, 1986. the central board of direct taxes (hereinafter referred to as ' ..... prescribed manner such particulars as may be prescribed and shall be furnished to the appropriate authority constituted by the central government under that chapter within such time as may be prescribed. section 269 ud of the act provides that the appropriate authority after receipt of such statement may, for reasons, to be recorded, order for ..... the purchase of such moveable property by the central government for an amount equal to the amount of apparent consideration. if such .....

D.R. Industries Ltd. and anr. Vs. Union of India (Uoi) and 3 ors.

Court : Gujarat

Reported in : 2008(127)ECC61; 2008(153)LC61(Gujarat); 2008(229)ELT24(Guj)

..... determination of such points arising out of the decision or order as may be specified by the commissioner of central excise in his order. thereafter within a period of one month (reduced from three months by finance act, 2007) from the date of communication of such order, the adjudicating authority or authorized officer shall make ..... had been endorsed by the estimate committee of parliament. accordingly, finance act, 1980 provided for setting up an appellant tribunal to hear appeals in respect of customs, central excise and gold control matters independent of the executive machinery charged with the responsibility of day to day ..... of communication of the order without any reference either way regarding power to condone delay. by finance act, 1980, the parliament accepted the public demand for setting up of an independent appellate tribunal for customs and central excise matters somewhat similar to the set up on the direct taxes side and the demand .....

Mascon Technical Services Ltd. Vs. Asstt. Cit, Central Circle Iii (2)

Court : Income Tax Appellate Tribunal ITAT Chandigarh

Reported in : (2005)3SOT861(Chd.)

..... was granted by the cbdt for the purpose of deduction under section 80-o in earlier years. no such approval was required after the amendment was made by the finance act, 1991, with effect from 1-4-1992.he then referred to section 80hhb. he brought to our attention sub-section (5) of this section in which it ..... , the revenue's appeal is dismissed.ita nos. 865 & 866/mds./98in both these appeals the order passed under section 263 of the income tax act by the commissioner of income tax, central-ii, chennai has been impugned. in both these cases same issue is involved, viz., whether, the assessee is entitled to the deduction under section 80hhe ..... deduction shall be claimed only under one of the two provisions. it was also contended that the central board of direct taxes had apprised the agreements with these companies for the purpose of deduction under section 80-o of the act. the learned cit(a) after considering these contentions and some judicial pronouncements came to the conclusion that .....

Modi Rubber Ltd. Vs. Union of India and Others

Court : Delhi

Reported in : 1984(2)ECC30; 1983(12)ELT24(Del)

..... to whether the relief in excise duty is intended to cover in its scope, both the basic duty of excise livable under the central excises and salt act, 1944 and the special/additional/auxiliary duty of excise livable under the special acts or finance acts. 2. to appreciate the rival contentions of the parties, it is apposite to refer to relevant statutory provisions first. the ..... additional surcharge livable under clause (c) of paragraph a of part i of the first schedule to the finance act, 1963 read with section 2(1)(a)(ii) of that act was held by the supreme court in 'madurai district central cooperative bank ltd. v. i. t. o.', : [1975]101itr24(sc) as relatable to article 271 of the constitution of india by which the .....