Judgment Search Results Home > Cases Phrase: finance no 2 act 2009 chapter iii direct taxes Court: karnataka Page 1 of about 5,197 results (0.813 seconds)

Bangalore Turf Club Limited Vs. Union of India

Court : Karnataka

..... words and other game of any sort found in section 194b.63. hence, this court is of the considered view that amendment brought about by finance act of 2001 to section 2(24) and 194b would have no bearing on the income earned from owning and maintaining horses . in other words, the term any other similar game found in explanation ..... game of any sort to section 194b with effect from 2001 would have no bearing on payment of stake monies paid by the turf clubs to the race horse owners. 131 61. explanation (ii) to sub-section (ix) of section 24 came to be inserted by finance act, 2001. it is an inclusive definition. the term or any other ..... bellary road bangalore-560 032. central board of direct taxes ministry of finance, department of revenue government of india, north block, new delhi-110 001.2. 3.4. bangalore turf club limited, a company incorporated under the companies act, 1956 having its registered office at: p.o.box no.5038, race course road, bangalore-560 001 represented by its secretary .....

The Director of Income Tax Exemptions Vs. Al-Ameen Charitable Fund Tru ...

Court : Karnataka

..... clause (b) of sub-section (1) of section 12aa or has obtained registration at any time under section 12a [as it stood before is amendment by the finance (no.2) act, 1996]. and the said registration is in force for any previous year, then, nothing contained in section 10 [other than clause(1) and clause (23c) thereof ..... . applying the same analogy if, application of income is allowed under section 11 of the act, no depreciation can be allowed under section 32 of the act. reliance is placed on section 11(6) of the act inserted by the finance act no.2, act 14 with effect from 01.04.2015 to contend that the said amendment applies retrospectively being clarificatory ..... reasoning. as such, the arguments advanced by the revenue apprehending double deduction is totally misconceived.21. section 11[6]. inserted with effect from 1.4.2015 by finance act no.2/2014, reads as under: or set (6) apart in this section where any income is required to be applied or accumulated for application, then, for such .....

The Director of Income-tax Exemptions and Another Vs. Al-Ameen Charita ...

Court : Karnataka

..... clause (b) of sub-section (1) of section 12aa or has obtained registration at any time under section 12a [as it stood before is amendment by the finance (no.2) act, 1996] and the said registration is in force for any previous year, then, nothing contained in section 10 [other than clause(1) and clause (23c) thereof ..... . applying the same analogy if, application of income is allowed under section 11 of the act, no depreciation can be allowed under section 32 of the act. reliance is placed on section 11(6) of the act inserted by the finance act no.2, act 14 with effect from 01.04.2015 to contend that the said amendment applies retrospectively being clarificatory ..... reasoning. as such, the arguments advanced by the revenue apprehending double deduction is totally misconceived. 21. section 11[6] inserted with effect from 1.4.2015 by finance act no.2/2014, reads as under: (6) in this section where any income is required to be applied or accumulated or set apart for application, then, for such .....

Deepak Extrusions and Vs. J.T. Chopra, Asstt. Collector of Central Exc ...

Court : Karnataka

Reported in : 1988(17)LC83(Karnataka)

..... is:whether a new marketable commodity emerges, by lacquering or printing or both on the collapsible tubes and is exigible to duty under the central excise act under the amended provisions of finance (no. 2) act of 1980 ?8. prior to the amendment, excise duty was levied only on bare aluminum tubes. the case of the petitioners is that to ..... supplied by the manufacturer or trader.60. re : the constitutionality of the provisions of section 2(f) and tariff item 27 in the i schedule to the central excises and salt act, 1944, as amended by finance (no. 2) act of 1980, and also note no. 2 of chapter 83 (amended by) and tariff item 8312.11 (now chapter 76 and heading 76 ..... printed or lacquered and printed.4. in the writ petition the petitioners have challenged the constitutional validity of the amended section 2(f) and tariff item no. 27 in the first schedule referred to above as amended by finance (no. 2) act of 1980.5. an amendment to the petition was sought by i.a.i. to amend the writ petition to .....

Bhawaralal (Huf) Vs. Assistant Commissioner of Income Tax

Court : Karnataka

Reported in : (2008)219CTR(Kar)300; [2009]177TAXMAN541(Kar); 2008(5)AIRKarR46(DB)

..... against the directors/officers. each entity or person would have to file a declaration separately. the settlement is in respect of each declaration. section 91 of the finance (no. 2) act, 1998, only gives immunity in respect of matters covered in the declaration. the matter covered in the declaration by the company is the tax arrears' of the ..... ) 387 : (2002) 258 itr 627 , wherein it is held:the order to be made by the designated authority under the kvss under section 90 of the finance (no. 2) act, 1998, is a considered order which is intended to be conclusive in respect of tax arrears and sums payable after determination towards full and final settlement of tax arrears ..... referred to as the 'scheme' for brevity) under chapter iv of the finance (no. 2) act, 1998 (hereinafter referred to as 'the act' for brevity) was introduced. the object of the scheme as contained in sections 86 to 98 of the said act was as explained by the finance minister in his speech see (1998) 147 ctr 27 : (1998) 231 .....

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

Court : Karnataka

..... is incorrect. the objective as stated by the cbdt is extracted below for ready reference. is beyond the circular no.8/2005 tax finance explanatory the provisions realting to fringe benefit tax act, notes2005on circular no.8/2005, dated298- 2005 19 the finance act, 2005 has introduced a new levy, namely, fringe benefit tax (hereafter referred to as fbt) on the ..... miscellaneous expenses so as to enable the employees to escape/reduce their tax liability; and disguised are (c) of the difficulty in the valuation of the benefits. 2.2 in india, prior to assessment year 1998-99, some perquisites/fringe benefits were included in salary in terms of section 17 and accordingly taxed under section 15 of ..... by the crown or by the state in the course of executing such office or employment. 67 perquisite means personal advantage and as used in schedule ii of para. 1 of the finance act, 1956, was held to include use of a car given to an, employee and return of wage reduction, viewed in that light, the .....

Soverign Developers And Vs. The Assistant Director

Court : Karnataka

..... , advocate) and:1. . deputy director directorate of enforcement (foreign exchange management9act & prevention of money laundering act) department of revenue, ministry of finance government of india, 3rd floor "b" block, bmtc, shantinagar ttmc, k.h. road, bangalore 560 027. 2 . registrar adjudicating authority prevention of money laundering4h floor, room no.20, jeevan deep building, parliament street, new delhi 110 001. respondents (by sri. k.m ..... . 3 . the deputy director directorate of enforcement (foreign exchange management act, 1999 28 & prevention of money lundering act, 2002) department of revenue, ministry of finance, governtment of india #209, plika plaza, phase-ii, mth compound indore, madhya pradesh 452 001. 4 . the adjudicating authority prevention of money laundering4h floor, court room-3, room no.17 jevan deep building, parliament street, new delhi-110 001. respondents .....

M Gopi Vs. The Joint Director

Court : Karnataka

..... , advocate) and:1. . deputy director directorate of enforcement (foreign exchange management9act & prevention of money laundering act) department of revenue, ministry of finance government of india, 3rd floor "b" block, bmtc, shantinagar ttmc, k.h. road, bangalore 560 027. 2 . registrar adjudicating authority prevention of money laundering4h floor, room no.20, jeevan deep building, parliament street, new delhi 110 001. respondents (by sri. k.m ..... . 3 . the deputy director directorate of enforcement (foreign exchange management act, 1999 28 & prevention of money lundering act, 2002) department of revenue, ministry of finance, governtment of india #209, plika plaza, phase-ii, mth compound indore, madhya pradesh 452 001. 4 . the adjudicating authority prevention of money laundering4h floor, court room-3, room no.17 jevan deep building, parliament street, new delhi-110 001. respondents .....

Mr Dyani Antony Paul Vs. Union Of India

Court : Karnataka

..... , advocate) and:1. . deputy director directorate of enforcement (foreign exchange management9act & prevention of money laundering act) department of revenue, ministry of finance government of india, 3rd floor "b" block, bmtc, shantinagar ttmc, k.h. road, bangalore 560 027. 2 . registrar adjudicating authority prevention of money laundering4h floor, room no.20, jeevan deep building, parliament street, new delhi 110 001. respondents (by sri. k.m ..... . 3 . the deputy director directorate of enforcement (foreign exchange management act, 1999 28 & prevention of money lundering act, 2002) department of revenue, ministry of finance, governtment of india #209, plika plaza, phase-ii, mth compound indore, madhya pradesh 452 001. 4 . the adjudicating authority prevention of money laundering4h floor, court room-3, room no.17 jevan deep building, parliament street, new delhi-110 001. respondents .....

Sri S Thimmaraju Vs. The Assistant Director

Court : Karnataka

..... , advocate) and:1. . deputy director directorate of enforcement (foreign exchange management9act & prevention of money laundering act) department of revenue, ministry of finance government of india, 3rd floor "b" block, bmtc, shantinagar ttmc, k.h. road, bangalore 560 027. 2 . registrar adjudicating authority prevention of money laundering4h floor, room no.20, jeevan deep building, parliament street, new delhi 110 001. respondents (by sri. k.m ..... . 3 . the deputy director directorate of enforcement (foreign exchange management act, 1999 28 & prevention of money lundering act, 2002) department of revenue, ministry of finance, governtment of india #209, plika plaza, phase-ii, mth compound indore, madhya pradesh 452 001. 4 . the adjudicating authority prevention of money laundering4h floor, court room-3, room no.17 jevan deep building, parliament street, new delhi-110 001. respondents .....