Judgment Search Results Home > Cases Phrase: finance no 2 act 2009 chapter iii direct taxes Court: chennai Page 14 of about 4,713 results (0.099 seconds)

Ruchi Soya Industries Limited Vs. Commercial Tax Officer and ors.

Court : Chennai

Reported in : (2008)12VST546(Mad)

..... impact of exemption notification to hold that in case of total exemption, the levy under the act was not attracted. however, in cases of partial exemption as'provided for under section 17(2), the exemption not being total and in specified circumstances only, and the goods no longer available for taxation thereafter, under the stated circumstances, the charge under section 7a is activated ..... the language under the provisions relating to sections 3(2), 3(3) and 4 of the act, he submitted that section 7a of the act can be activated only in cases where there was no payability, meaning thereby where there is no liability at all. he pointed out that the expression 'payable' under section 7a of the act has to be understood as qualifying 'liable'. he .....

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 .....

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

Court : Chennai

Reported in : 2000(121)ELT609(Mad); 2006[2]STR295

..... appellant herein has filed the writ petition for the issue of a writ of declaration to declare some of the provisions of the finance (no. 2) act, 1998 and the rules framed thereunder and the finance act, 1994 (act 32 of 1994) as amended by notifications issued thereunder levying service tax on the persons carrying on the profession of architecture as ultra ..... of action has arisen within the jurisdiction of this court and the residence of the appellant is of no consequence. according to the learned counsel, the cause of action arose in chennai itself where the impugned provisions of the finance act, 1998 are sought to be implemented in so far as they relate to the levy of service ..... fort, mumbai, represented by its president.3. this court in w.p.m. no. 1028 of 1999 in w.p. no. 773 of 1999, by order dated 22-1-1999, granted interim stay of the operation of the relevant provisions of the finance act, 1994 (act 32 of 1994). the petitioner herein has taken out a contempt application on the ground .....

Rajshree Sugars and Chemicals Limited Rep. by Its Director and Chief O ...

Court : Chennai

Reported in : 2008BusLR908; 2009(1)CTC227; (2008)8MLJ261

..... , the futures market in stocks and securities were regulated by the securities contracts (regulation) act, 1956. similarly, the finance market was regulated by (i) the reserve bank of india act, 1934, (ii) the banking regulation act, 1949 and (iii) the foreign exchange regulation act, 1973. while securities exchange bureau of india (sebi) became the regulator of the market in stocks ..... that the transaction is prohibited by law, on account of a third currency (swiss franc) being used for hedging. 105. ground no. 2:: the contention of the plaintiff is that there was no underlying exposure in relation to opt 727 and that by virtue of the regulations, there was a prohibition from entering into such contracts ..... is one of the promoters of the plaintiff and a signatory to the memorandum and articles of association of the plaintiff as seen from plaint document nos. 1 and 2). at no point of time, from the date of the opt deal namely 22-6-2007 till the date of filing the suit in february 2008, did .....

Advertising Club and ors. Vs. Central Board of Excise and Customs and ...

Court : Chennai

Reported in : 2001(77)ECC322; 2001(131)ELT35(Mad); [2003]264ITR386(Mad); (2001)2MLJ656; 2006[2]STR457; [2007]6STT196

..... in addl. cit v. surat art silk cloth manufacturers association : [1980]121itr1(sc) where the speech made by the finance minister while introducing the exclusionary clause in section 2, clause (15), of the act was relied upon by the court for the purpose of ascertaining what was the reason for introducing that clause. the speech made ..... our gross domestic product (gdf), was not subjected to taxation and that there was a need to widen the base for domestic indirect taxes. the finance minister argued that there was no sound reason for exempting the service sector from taxation when 'goods' are taxed and that in many countries 'goods' and 'services' were treated ..... in relation to advertisements ;' 3. leading arguments were addressed by mr. n. b. n. swamy, learned counsel appearing for the petitioner in w. p. no. 1545 of 1999 and his arguments were adopted by the other learned counsel appearing for the petitioners in the other connected writ petitions.the petitioners challenge these provisions on .....

The Income-tax Officer, Madras Vs. P. Ramaratnam and ors.

Court : Chennai

Reported in : AIR1966Mad164; 1966CriLJ549; [1965]58ITR297(Mad); (1965)2MLJ336

..... not to produce the documents by virtue of s. 137 of the income-tax act of 1961 before amendment by the finance act of 1964, would not be affected by virtue of the repeal of s. 137 of the income-tax act of 1961 by the finance act of 1964.(3) before proceeding to consider the said contention, it is necessary to ..... that the statement was made in proceedings under the old act, its disclosure is permitted under the new act. though s. 137 of the income-tax act of 1961 is repealed by the finance act of 1964, there is modified restriction by virtue of s. 138, clause (2) introduced by the same act.(5) for the foregoing reasons, the order of the ..... fifth presidency magistrate directing the petitioner to produce the documents is correct and there is no ground to interfere in revision. .....

Commissioner of Income-tax Vs. Sengunthar Thirumana Mandapam

Court : Chennai

Reported in : (2006)204CTR(Mad)473; [2006]283ITR355(Mad)

..... 1990, by the competent authority by order dated august 2, 2002, placing reliance on the central board of direct taxes circular no. 762 dated february 18, 1998 (see [1998] 230 itr 12), which came into effect from april 1, 1997, inserted by the finance (no. 2) act 1996, enabling the chief commissioner or commissioner to satisfy himself ..... about the genuineness of the trust or institution and to grant registration, by exercising such power conferred under sections 12aa of the act. the above facts cannot be lightly disregarded under the facts ..... the assessee-society was entitled to exemption under sections 11 of the income-tax act merely on the ground that the registration under sections 12aa has been granted with effect from april 1, 1990, without noticing that no charitable activities have been conducted and the income from the letting out of kalyana .....

Madras Refineries Ltd. Vs. Assistant Commissioner and ors.

Court : Chennai

Reported in : (2010)28VST417(Mad)

..... transportation arrangements for crude oil imports and coastal movements. the oil co-ordination committee will consist of a secretary, department of petroleum, a representative of the ministry of finance (department of expenditure), chairman, i.o.c., chairman and managing director, hpcl, chief executives of burmah shell, caltex, mrl, crl, ibp and aoc and ..... was constituted.(c) the oil co-ordination committee was a prominent mechanism consisting of the secretary to the government, ministry of petroleum, a representative of the ministry of finance (department of expenditure), chairman, indian oil corporation, chairman and managing director, hpcl, chief executives of burmah shell, caltex, mrl, crl, ibp and aoc and ..... the refineries of the bill of lading company and the documents like bill of lading were transferred under section 5(2) of the central sales tax act, 1956. in such event, there would be no sale or purchase within the state of tamil nadu.51. when the crude was returned to settle a loan .....

N.S. Jaya Vs. the Secretary, Department of Revenue, Government of Tami ...

Court : Chennai

Reported in : (2009)5MLJ357

..... owner and not against the real owner who had purchased the lands from the erstwhile owner will not be binding on the real owner.19.24. in simpson and general finance company limited v. the state of tamil nadu and anr. 2006 4 l.w. 787, this court had held as follows:in the case on hand, during the ..... the district collector and not by any other officer or authority including the district revenue officer.the power under section 4 is a statutory power conferred by the act and there is no provision in the statute which authorises the collector to delegate such power to any other authority.the delegation contemplated in section 16 relates to the delegation of ..... the total amount. the urban land owner had surrendered the surplus land to the revenue inspector, mylapore-triplicane taluk, on 23.2.82, and he had received rs. 1,625/-, payable under section 12 of the act, vide cheque no. 149557, dated 1.3.82. he had received 4 installments of the remaining amount and the balance of 11 installments were .....

Balaji Distilleries Ltd. Vs. the Secretary to Government, State of Tam ...

Court : Chennai

Reported in : (2008)17VST59(Mad)

..... sold, or the company is wound up it may indeed become difficult later to restore the status quo ante. therefore, in our view, the high court of allahabad in industrial finance corporation v. maharashtra steels ltd. [1990] 67 comp cas 412, the high court of andhra pradesh in sponge iron india ltd. v. neelima steels ltd. [1990] 68 ..... paragraphs 10 and 11, observed as follows (at page 44):10. in the light of the steps taken by the board under sections 16 and 17 of the act, no proceedings for execution, distress or the like proceedings against any of the properties of the company shall lie or be proceeded further except with the consent of the board. ..... financial assistance disbursed to the borrower of such secured creditors, have taken any measures to recover their secured debt under sub-section (4) of section 13 of that act.(2) without prejudice to the provisions of sub-section (1), the central government or reserve bank or a state government or a public financial institution or a state level .....