Judgment Search Results Home > Cases Phrase: finance no 2 act 2009 chapter iii direct taxes Court: chennai Page 1 of about 4,713 results (0.107 seconds)

All India Union Bank Officers and Others Vs. Union of India, rep. by i ...

Court : Chennai

..... )the value of any other fringe benefit or amenity (excluding the fringe benefits chargeable to tax under chapter xii-h) as may be prescribed. 7. but, by the amendment under finance (no.2) act, 2009, three items under clauses (vi), (vii) and (viii) were substituted for the existing clause (vi). in other words, after the amendment with effect from 1.4.2010, there are ..... appeared in brackets. 9. interestingly, many of the writ petitioners did not even notice the amendment that section 17(2) had undergone, under finance (no.2) act, 2009 and hence, the prayer made by some of them in their writ petitions, is to declare section 17(2)(vi) as unconstitutional. however, it should be pointed out that some writ petitions are filed in 2008 and some .....

R. Gowrishankar Vs. The Commissioner of Service Tax (Appeals)-I, Chenn ...

Court : Chennai

..... is hereby declared that any order passed by an adjudicating officer subordinate to the commissioner of central excise immediately before the commencement of clause (c) of section 112 of the finance (no. 2) act, 2009, shall continue to be dealt with by the commissioner of central excise as if this section had not been substituted.] 85.(1) any person aggrieved by any decision or ..... rs.1,26,776/- and demanded the same from the appellant, vide show cause notice no.122/09, dated 03.04.2009 and no.23/2009, dated 28.07.2009 respectively, under rule 14 of the cenvat credit rules, 2004, r/w. section 73(1) of the finance act, 1994. he also demanded interest, applicable at the rate payable on the above mentioned demands .....

Ms. Shanti Logistics (P) Limited Vs. the Assistant Commissioner of Inc ...

Court : Chennai

..... as a deduction in computing the income of the previous year in which such tax has been paid."12. explaining the amendment under the finance act 2008, the central board of direct taxes issued the circular under circular no. 1/2009, dated 27th march 2009 as under:" 12.1 as per the provisions of sub-clause (ia) of clause (a) of section ..... case, the tribunal is right in law in not considering the issue raised by the revenue in its grounds of appeal that the provisions of finance act, 2010 in section 40(a)(ia) is retrospective or not?2. whether the tribunal is right in law in holding that the additional evidence filed by the revenue is admissible and at the same time ..... . whether the tribunal is right in not remanding the case back to the files of the lower authorities for the proper disposal of the case before the lower authorities? "2. the two appeals are filed by the assessee against the order of the tribunal, one appeal is against the order passed in respect of appeal filed by the revenue and .....

Commissioner of Income Tax Vs. K.S. Venkataraman and Co. (P) Ltd.

Court : Chennai

Reported in : (1999)155CTR(Mad)297

..... assessee claims to derive 51 per cent of its income is a manufacturing company for the purpose of finance (no. 2) act, 1977. the assessment years are 1973-74 to 1977-78.2. 'industrial company' is defined in s. 2(7)(c) of finance (no. 2) act, 1977, as follows :'industrial company' means a company which is mainly engaged in the business of ..... was derived from activity which could properly be regarded as manufacturing activity and, therefore, the assessee satisfied the stipulation in the expln. to s. 2(7)(c) of finance (no. 2) act of 1977 and is entitled to be regarded as an industrial company. he placed strong reliance on the decision of the supreme court in the case ..... view canvassed for the revenue that the construction company per se is ineligible for claiming a status of industrial company for the purpose of s. (2)(7)(c) of finance (no. 2) act, 1977. that provision contains its own dictionary in the form of explanation which must be used for deciding as to whether an assessee claiming to .....

The Life Insurance Corporation of India, Southern Zonal Office, L.i.C. ...

Court : Chennai

Reported in : 2000(3)CTC93; [2000]245ITR224(Mad)

..... is not provided by the employer.' 6. it is seen that section 10(14) was amended by the direct tax laws (amendment) act, 1987 with effect from 1.4.89 and again by finance act 1995 with effect from 1.7.95. consequent on the aforesaid amendment, the special allowance of benefit which is eligible for relief under ..... question of reimbursement, the division bench observed as follows'even according to this notification, unless the allowance is notified under section 10(14)(i) of the act, no portion of it can qualify for tax exemption.'it is further stated that such portion of the incentive/bonus which is actually spent by the development officers for ..... of india, southern zonal office against the proceedings of thecommissioner of income tax holding that the additional conveyance allowance is taxable as part of salary income. 2. writ petition no.5987 of 2000 is filed by the association consisting of development officers in the office of life insurance corporation of india praying for the issue of a .....

Commissioner of Income-tax Vs. K.S. Venkataraman and Co. Pvt. Ltd.

Court : Chennai

Reported in : [2000]243ITR314(Mad)

..... assessee claims to derive 51 per cent. of its income is a manufacturing company for the purpose of the finance (no. 2) act, 1977. the assessment years are 1973-74 to 1977-78.2. 'industrial company' is defined in section 2(7)(c) of the finance (no. 2) act, 1977, as follows see : [1977]109itr1(all) :' 'industrial company' means a company which is ..... was derived from activity which could properly be regarded as manufacturing activity and, therefore, the assessee satisfied the stipulation in the explanation to section 2(7)(c) of the finance (no. 2) act of 1977 and is entitled to be regarded as an industrial company. he placed strong reliance on the decision of the supreme court in the ..... . the court thus took note of the possibility that the construction company could also be regarded as an industrial company for the purpose of the finance (no. 2) act, 1977, under section 2(7)(c) if such a construction company is able to satisfy the test set out in the explanation, namely, deriving 51 per cent. or .....

Life Insurance Corporation of India Vs. Commissioner of Income Tax

Court : Chennai

Reported in : (2001)166CTR(Mad)125; [2000]111TAXMAN643(Mad)

..... is not provided by the employer;'6. it is seen that section 10(14) was amended by the direct tax laws (amendment) act, 1987 with effect from 1-4-1989 and again by the finance act, 1995 with effect from 1-7-1995. consequent on the aforesaid amendment, the special allowance on benefit which is eligible for relief under ..... to the question of reimbursement, the division bench observed as follows:'even according to this notification, unless the allowance is notified under section 10(14)(1) of the act, no portion of it can qualify for tax exemption (p. 52 1)it is further stated that such portion of the incentive/bonus which is actually spent by the ..... of india, southern zonal office against the proceedings of the commissioner of income-tax holding that the additional conveyance allowance is taxable as part of salary income.2. writ petition no. 5987 of 2000 is filed by the association consisting of development officers in the office of life insurance corporation of india praying for the issue of a .....

Indian Institute of Architects Vs. Union of India (Uoi)

Court : Chennai

Reported in : (2002)175CTR(Mad)449; 2002(139)ELT245(Mad); [2002]258ITR209(Mad); 2006[2]STR393; [2007]6STT112

..... . the relevant section, section 66(4), reads as follows: 66. charge of service tax (4) with effect from the date notified under section 116 of the finance (no. 2) act, 1998, there shall be levied a service tax at the rate of five per cent of the value of the taxable services referred to in sub-clause (p), ..... to grow further was, however, generally ignored. the tax-net was then widened by finance act no. 2 of 1996 to include some other service sectors. by finance act, 1997, twelve additional services were introduced and included as the taxable services and ultimately by finance act no. 2 of 1998, number of other services came to be included, including the architects, practising chartered ..... cent of the value of the taxable service provided to any person by the architects or the chartered accountants. section 116 of the finance act no. 2 of 1998 is in challenge, as amended by act 32 of 1994, and has first defined the said services and included them in the tax-net. the relevant portions of the .....

Commissioner of Income-tax Vs. M.K. Raju Consultants (P.) Ltd.

Court : Chennai

Reported in : [1999]239ITR232(Mad)

..... initially provided for deduction of 60 per cent. of such fees received from abroad from the gross total income of the assessee for the relevant year. by the amending act of 1971 (finance (no. 2) act, 1971), the words 'whole of the income' were substituted in place of 60 per cent. after the assessment year with which we are now concerned, had come to an ..... total income' is defined as meaning the total income computed in accordance with the provisions of the act before making any deduction under chapter-vi-a or under section 80o of the act. by the finance (no. 2) act of 1980, sections 80aa and 80ab were introduced. section 80aa deals with the manner of computation of deduction under section 80m, while section 80ab deals with deductions .....

Reserve Bank of India Vs. Dhanalakshmi Funds (India) Ltd. and anr

Court : Chennai

Reported in : [1987]167ITR658(Mad)

..... , 35 and 36 of 1986, on his file. those revision peitions came before him under the following circumstances. 2. as per section 45s(1) of the reserve bank of india act, 1934 (2 of 1934), as it stands amended now, hereinafter referred to as 'the act', no person, being an individual or a firm or an unincorporated association of individuals shall, at any time, have ..... firm, excluding in either case depositors who are relatives of the individuals or anyu of partners. m/s. dhanalakshmi consolidated finance and industrial investments, 158, commander-in-chief road, madras-105, and asian integrated finances and industrial corporation, 95, mount road, madras-2, are two partnership firms, hereinafter referred to as 'the firms'. on the belief entertained that these firms, and a few .....