Judgment Search Results Home > Cases Phrase: finance no 2 act 2004 Court: andhra pradesh Page 12 of about 644 results (0.055 seconds)

Prem Chand Vs. Commissioner of Income-tax, Andhra Pradesh, Hyderabad

Court : Andhra Pradesh

Reported in : (1984)41CTR(AP)162; [1984]148ITR440(AP)

..... ii of the para a of the schedule i to the finance act, 1974, and not as per sub-paragraph i ?' 10. ..... ii of para a of schedule i to the finance act, 1974, and not as per sub-para. i. 51. ..... ii of para a of schedule i to the finance act, 1974, in view of the partition in which she took a share 45. ..... ii of para a of schedule i to the finance act, 1974, as in his opinion there was at least one member of the huf having an income exceeding the taxable limit, inasmuch as the petitioner did not fill in the particulars as per annex. ..... ii of para a of schedule i to the finance act, 1974. 50. ..... i to the finance act, 1974. r.c. no. ..... i to the finance act, 1974. 4. .....

Ravatmal Mohanlal Vs. the Principal Commercial Tax Officer

Court : Andhra Pradesh

Reported in : [1976]38STC292(AP)

..... it was clearly a case which was limited to the scope of entry i-b in the finance act, 1969, and cannot have any relevance to the understanding of the present entry.13. ..... the learned judge was construing the meaning of entry i-b in the finance act, 1969, while construing the language of that entry, the learned judge opined that levy of excise duty on milk powder manufactured and stored in kraft paper bags for purposes of regeneration into fluid milk was ..... is entry 43 (which is now entry 44) in the first schedule to the andhra pradesh general sales tax act, 1957, providing for a single point sales tax under section 5(2)(a) on milk foods, powder and baby milk foods, but excluding fresh milk, discriminatory and, therefore, violative of article 14 of the constitution? ..... it is to be noted that the andhra pradesh general sales tax act does not define the words 'milk', 'fresh milk' or 'milk powder'. ..... therefore, entry 43, which is now entry 44, in the first schedule to the andhra pradesh general sales tax act, is not violative of, or repugnant to, article 14 of the constitution. ..... the courts will not strike down an act as denying the equal protection of the laws merely because other objects could have been, but are not, taxed by the legislature.6. .....

Appana Suribabu and Others Vs. Registrar of Co-operative Societies, E. ...

Court : Andhra Pradesh

Reported in : 2000(1)ALD135; 1999(6)ALT239

..... .section 72(6)section 34(6)beforetaking any action under sub-section(l) in respect of any registered society, theregistrar shallconsult the financing bank to which the society is indebted.where a society indebtedto any financing bank, the registrar shall before taking any action under sub-section (1) in respect of thatsociety, consult the financing bank.interpreting section 72(1) and section 72(6) of the madras act, the supreme court in rajagopal's case (supra) laid down as follows:'...it may be that the opinion which ..... the point that arises for consideration is whether the consultation with the financing bank by the registrar of co-op, societies under section 34(6) of the act is a condition precedent and for violation thereof, the order under section 34(1) is rendered illegal.8. ..... therefore, the mandatory requirement of consultation with the financing bank before taking action under section 34(1) of the act is absent and, therefore, the impugned order is illegal, and it is liable to be set aside.9. ..... as per section 2(f) of the act, 'a financing bank' means the main objects of which is to assist any affiliated or other society by loans or financing money and includes a scheduled bank as defined in the reserve bank of india act, 1934 and such other body corporate or financial institution as may be notified by the government from time to time. .....

Bharat Heavy Electricals Limited Vs. Commissioner of Income-tax

Court : Andhra Pradesh

Reported in : [2001]252ITR316(AP)

..... facts and analysing several decisions and also considering the effect of section 17(2)(vi), which was inserted by the taxation laws (amendment) act, 1984, but repealed by the finance act, 1985, it was held that the interest subsidy is not a perquisite and that no legal obligation lies on the employer ..... is correct in holding that the assessee-company is liable to pay tax on interest subsidy provided to its employees in accordance with the provisions of section 201 of the income-tax act, though the asses-see-company was under honest belief that interest subsidy is not inclu-dible as perquisite ?' 5. ..... of the case, the income-tax appellate tribunal is correct in holding that the income-tax officer can pass an order under section 201 of the income-tax act inspite of the fact that the employees filed returns of income separately before the assessing officer having jurisdiction ? 6. ..... is correct in holding that the assessee-company is liable to pay tax on interest subsidy provided to its employees in accordance with the provisions of section 201 of the income-tax act, though the assessee-company was under honest belief that such interest subsidy is not includible as perquisite ? 5. ..... , the income-tax appellate tribunal is correct in holding that the provisions of section 201 of the income-tax act are applicable where there was short deduction of tax at source when the provisions of section 201 of the income-tax act refers to non-deduction of tax at source and non-payment of tax deducted ? 8. .....

Dr. (Mrs.) M. Thaha W/O. Shri A. Thaha, Officiating Director, Centre f ...

Court : Andhra Pradesh

Reported in : 1992(1)ALT213

..... whether rajasthan electricity board falls within the term 'other authorities', the supreme court held that the board is basically a creature of the statute and the electricity supply act empowers the board to give directions, the disobedience of which is punishable as a criminal offence, and therefore the board is a 'state' within the meaning of ..... time we have come across bodies like icar and indian statistical institute, which are admittedly societies registered under the societies registration act, and which were hold to be 'other authorities' within the definition of article 12; this view, when confronted with the ..... question that fell for consideration is, whether the regulations framed under the oil and nature gas commission act, 1959, the industrial finance corporation act, 1948 and the life insurance corporation act, 1956 have the force of law. ..... case where the indian council of agricultural research (icar), a society registered under the societies/registration act and wholly financed by the government, was held to be an instrumentality of the state.8. in b.s. ..... the life insurance corporation act as well as the industrial finance corporation act confer power on the corporation to make regulations as to the method of recruitment of employees and the ..... the change in the name of the ministry the name of the institution also changed into nird, became an autonomous body, registered under the societies registration act and was fully supported and financed by the government of india. .....

K.P. Chagganlal Oil Mills Vs. Commissioner of Income Tax and anr.

Court : Andhra Pradesh

Reported in : [1959]36ITR337(AP)

..... in construing the words 'levy, assessment and collection' quo the action to be taken under section 46(1) of the hyderabad income-tax act where the income has escaped or is under-assessed or is assessed at too low a rate, we held that section 13 of the indian finance act was specifically enacted to save the provisions of income-tax acts in part b states for purposes of completing assessments in the process of being completed as well as assessing incomes escaping assessments, and that, therefore ..... income-tax, we held that sub-section (1) of section 13 of the indian finance act did not have the effect of saving the provisions of section 40 of the hyderabad income-tax act for purposes of imposing they levy of penalty relating to any particular year or years ..... tax, for the proposition that section 13 of the indian finance act, 1950, which repealed the hyderabad income-tax act was not saved for purposed of reassessment or reopening escaped ..... is based upon section 13 of the indian finance act which we have already dealt with in our ..... sub-section (1) of section 13 of the indian finance act, 1950, is in the following terms :'if immediately before the 1st day of april, 1950, there is in force in any part b state other than jammu and kashmir or in manipur, tripura or vindhya pradesh or in the ..... the registration of the cancellation of the firm can be said to be a step in the levy, assessment and caliph the tax within the meaning of section 13(1) of the indian finance act and appears to be saved. .....

K.P. Chagganlal Oil Mills, Secunderabad Vs. Commissioner of Income Tax ...

Court : Andhra Pradesh

Reported in : AIR1959AP263

..... from this point of view the registration or cancellation of the firm can be said to be a step in the levy, assessment and collection of the tax within the meaning of section 13(1) of the indian finance act and appears to be saved.though this is so by virtue of sub-section (2) of section 46 no order of assessment under section 31 or re-assessment under sub-section (1) of section 46 can be made after the expiry of three years from the end of the year in ..... in construing the words 'levy, assessment and collection' qua this action to be taken under section 46 (1) or the hyderabad income-tax act where the income bas escaped or is under-assessed or is assessed at too low a rate, we held that section 13 of the indian finance act was specifically enacted to save the provisions of income-tax act in part b states for purposes of completing assessments in the process of being completed as well as assessing incomes escaping assessments, and that therefore, section 13 of ..... of income-tax, ilr 1956 hyd 899 we held that sub-section (1) of section 13 of the indian finance act did not have the effect of saving the provisions of section 40 of the hyderabad income-tax act for purposes of imposing the levy of penalty relating to any particular year or years of assessment. ..... of income-tax, hyderabad, ilr 1956 hyd 809 for the proposition that section 13 of the indian finance act 1950 which repealed the hyderabad income-tux act was not saved for purposes of reassessment or reopening escaped assessment. .....

Amara Kondaiah Vs. Income-tax Officer, C-ward and anr.

Court : Andhra Pradesh

Reported in : [1977]106ITR73(AP)

..... winnings from lotteries, were treated as income in the income-tax act, 1922, but were specifically exempt from levy of income-tax under section 4(3)(vii) of the 1922 act and section 10(3) of the 1961 act, they againbecame taxable when the exemption was withdrawn by the finance act, 1972. 17. ..... by the finance act, 1972, clause (ix) was added to section 2(24) of the income-tax act, 1961, ..... that parliament is competent to enact clause (ix) in sub-section (24) of section 2 of the income-tax act, 1961, under entry 82 of the union list (list i) of the seventh schedule to the constitution. ..... the indian income-tax and excess profits tax (amendment) act, xxii of 1947, amended the indian income-tax act by enlarging the definition of the word' income' in section 2(6c) so as to include capital gains and adding a new head of income in section 6 and inserting the new section 12b ..... it was observed that the government of india act being a constitutional act should not be construed in a narrow and pedantic sense and that the word 'income' in entry 54 should be given its widest connotation in view of the fact that it occurs in a legislative ..... the wording of entry 54 in list i of the government of india act is in pari materia with the wording of entry 82 in list i of the ..... now, according to section 2(24)(ix) of the income-tax act, income includes any winnings from lotteries, crossword puzzles, races including horse races, card games and other games of any sort or from gambling or betting of any form .....

The Commissioner of Central Excise and Customs, Hyderabad-II, Commissi ...

Court : Andhra Pradesh

..... the provisions of this section shall also apply to cases in which the order determining the duty under sub-section (2) of section 11a relates to notices issued prior to the date on which the finance act, 2000 receives the assent of the president; (2) any amount paid to the credit of the central government prior to the date of communication of the order referredto in the first proviso or the fourth ..... notice the very question raised in the present case would become academic in view of the fact that section 11ac came to be substituted by finance act, 2011 with entirely new provisions where different rates of penalties have been prescribed. ..... has not been levied or paid or has been short-levied or shortpaid or erroneously refunded by reasons of fraud, collusion or any wilful mis-statement or suppression of facts, or contravention of any of the provisions of this act or of the rules made thereunder with intent to evade payment of duty, the person who is liable to pay duty as determined under sub-section (2) of section 11a, shall also be liable to pay a penalty equal ..... the substantial question of law that whether the cestat has power to reduce the mandatory penalty equivalent to duty imposed under section 11 ac of he central excise act, 1944, especially when the invocation of the longer period on the ground of suppression of fact was justified in view of the hon'ble supreme court judgment ..... the respondent, the order in original dated 26.03.2004 came to be passed and extended period of ..... 2004 .....

Commissioner of Wealth-tax Vs. Trustees of H.E.H. the Nizam's Sahebzad ...

Court : Andhra Pradesh

Reported in : [1981]129ITR796(AP)

..... (v) whether, having held that a single trust was created by the trust deeds, the tribunal was correct in law in holding that under section 21(4) of the act the remainder wealth could be assessed in respect of each of the several units or groups of units allocated in favour of the beneficiaries specified under the relevant trust ..... whether, on the facts and in the circumstances of the case and on a true reading of sections 21(1) and 21(4) of the wealth-tax act, 1957, in so far as it applied to assessment on trustees : (i) the interest of a person entitled to a particular amount out of income of the fund on the valuation date is equal to only the actual amount due to him on the valuation date or that proportion ..... on the facts and in the circumstances of the case, and on a proper construction of the provisions of section 21 of the act, the tribunal was right in holding that the provisions of section 21(4) are applicable in the circumstances of this case '23. ..... whether, on the facts and in the circumstances of the case and on a true reading of section 21 of the wealth-tax act in so far as it applies to the trustees, the material persons to be held as beneficiaries under the trust on the valuation dates for the assessment years in question are i ..... act was amended giving partly prospective and partly retrospective effect by the finance ..... learned counsel for the revenue during the course of arguments raised the point that section 5(1)(viii) of the wealth-tax act is amended by the finance (no. .....