Judgment Search Results Home > Cases Phrase: finance no 2 act 2009 chapter iii direct taxes Court: supreme court of india Page 9 of about 7,695 results (0.380 seconds)

Nedumpilli Finance Company Limited Vs. State Of Kerala .

Court : Supreme Court of India

..... appeal no.5183 of2012civil appeal no.5113 of2012civil appeal no.3857 of2022(@special leave petition (civil) no.8331 of 2015) transfer petition (crl.) no.359 of2015civil appeal no.5186 of2012civil appeal no.5192 of2012civil appeal no.5189 of2012civil appeal no.5112 of2012civil appeal no.5232 of2012civil appeal no.5231 of2012civil appeal no.5234 of2012civil appeal no.5237 of2012civil appeal no.5238 of2012civil appeal no.5315 of2012civil appeal nos. 18786 18787 of2017civil appeal no.1324 of2015civil appeal no.7836 ..... of objects, in general terms, that it was intended to regulate the business of money lending, the act was primarily intended only to cover one aspect of the business of financing. 4.8 section 2(7) of the kerala act, defines a money lender as follows: 9 2. definitions. xxx xxx xxx (7) money lender means a person whose main or subsidiary occupation is the .....

Shaji Poulose Vs. The Institute Of Chartered Accountants Of India

Court : Supreme Court of India

..... on the maximum number of tax audits that could be accepted by a chartered accountant, under section 44ab of the 1961 act, in a financial year by way of a guideline?. re: point no.2: whether the restrictions imposed are 95 10 unreasonable and therefore, violative of the right guaranteed to chartered accountants under article 19 ..... statute. 3.5 later, the provision for compulsory audits found favour with the parliament and was inserted by the parliament through finance act, 1984. the then finance minister, while introducing the budget through the finance bill, 1984 stated in parliament as under: with the reduction in rates and expeditious disposal of assessments, i believe there will ..... respect of corporate or non-corporate assesses. 7.14 as for relevant provisions of the it act, 1961 is concerned, section 44ab of the it act, 1961 was inserted in the statute t.c. (civil) no.29 of 2021 etc. 82 book by the finance act, 1984 and the same came into force with effect from 01.04.1985. presently, .....

Commissioner of Central Excise Service Tax Vs. Ultra Tech Cement Ltd

Court : Supreme Court of India

..... 14 of cenvat credit rules, 2004 read with section 11a of central excise act, 1944; goods amounting transportation of (ii) demanding interest under rule 14 of cenvat credit rules, 2004 read with section 11ab of central excise act, 1944 read with section 75 of the finance act, 1994; 4 (iii) did not order for initiation of action under rule ..... final products from the place of removal to the warehouse or customer s place etc., was exigible for cenvat credit. this stands finally decided in civil appeal no.11710 of 2016 (commissioner of central excise belgaum v. m/s. vasavadatta cements ltd.) vide judgment dated january 17, 2018. however, vide amendment carried out ..... of services in transport of manufactured goods cannot be input service for the manufacture of final product. further, the adjudicating authority held that cbec vide its circular no.97/8/2007-st dated august 23, 2007 has clarified the definition of place of removal. with respect to fulfillment of requirement of circular dated august 23 .....

New Okhla Industrial Development Authority Vs. Chief Commissioner of I ...

Court : Supreme Court of India

..... appearing for the revenue refuting the submissions of appellant contends that in view of the explanation added to section 10(20) of the i.t.act, 1961 by finance act, 2002, the appellant is no longer covered by the definition of local authority . the definition of local authority as contained in explanation is not an inclusive definition but being ..... control or management of a municipal or local fund; or (iv) cantonment board as municipality 11 defined in section 389 of the cantonments act, 1924 (2 of 1924); section 10(20a):omitted by the finance act, 2002 w.e.f. 1.4.2002 10(20a) any income of an authority constituted in india by or under any law enacted ..... the need for housing accommodations or for the purpose of planning, development or improvement of cities, towns and villages is exempt from payment of income tax. 13.2 through finance act, 2002 clause (20a) of section 10 has been deleted so as to withdraw exemption available to the abovementioned bodies. the income of housing boards of the .....

Union Of India Vs. Bharat Forge Limited

Court : Supreme Court of India

..... the advance ruling shall be binding on an applicant and on the concerned officer or jurisdictional officer in respect of the applicant. section 103(1a) inserted by the finance act, 2019, amplifies the scope of advance ruling, as provided therein. an advance ruling can become void in certain circumstances, which includes fraud or suppression of material ..... expired due to the interim order passed by the high court. moreover, a subsequent tender in regard to the product was granted to the writ petitioner. prayer nos. 2 and 3 have become infructuous. however, thereafter the court posed the question as to whether there was any flaw in the procedure adopted by the appellants. ..... by the first respondent (hereinafter referred to as the writ petitioner ) with the following directions: we, therefore, find it expedient to issue a direction to respondent no.2 namely, the general manager, diesel locomotive works, varanasi that if the gst value is to be added in the base price to arrive at the total price .....

Checkmate Services P Ltd Vs. Commissioner Of Income Tax-i

Court : Supreme Court of India

..... fund for welfare of employees in the year in which the liabilities are actually discharged (section 43b). the effect of the amendment brought about by the finance act, is that no deduction will be allowed in the assessment of the employer, unless such contribution is paid into the fund on or before the due date. due date ..... relevant fund or under the relevant provisions of any law or term of the contract of service or otherwise. (explanation to section 36 (1) of the finance act) 12.2. in addition, contribution of the employees to the various funds which are deducted by the employer from the salaries and wages of the employees will be taxed ..... of the circumstance that many assessees claimed deductions on the ground of their maintaining accounts on mercantile or accrual basis and failed to discharge the liability. consequently, by finance act 1987, section 2(24) (x), and section 36(1) (va) as well as second proviso to section 43b were inserted. from that date the statute treated employee's .....

Pr. Commissioner Of Income Tax Central 3 Vs. Abhisar Buildwell P. Ltd.

Court : Supreme Court of India

..... b, referred to hereinabove, was in place for about eight years but failed to yield the desired outcome. therefore, the same came to be replaced by another scheme by finance act, 2003. it is submitted that the salient features of the special procedure introduced in 2003 were as below: (i) the scheme of parallel assessments were given a go-by ..... into considering the incriminating material found during the search as well as that coming to the ao s notice from any other source. it is submitted that thereafter the finance act, 1995 introduced a special procedure for assessment of search cases. a set of provisions comprising of sections 158b to 158bg was introduced by chapter xiv-b special procedure for ..... block period in the manner laid down in section 158bb and the provisions of section 142, sub-sections ca no.6580/2021 etc. page 12 of 59 2 and 3 of section 143, section 144 and section 145 of the act and the ao would proceed to pass an assessment order and determine the tax payable u/s 158bc(c) .....

M/S. Swastika Enterprises and Anr. Vs. Commnr. of Customs, Kolkata and ...

Court : Supreme Court of India

..... as the '1998 act') and is contained in sections 86 to 98 of the said act. in particular, it is section 95(ii)(b) of the 1998 act that becomes the focus of the issue and the meaning that is to be assigned ..... w i t h civil appeal no.7571 of2004judgment a.k. sikri, j.the question of law which arises in these two appeals is identical which concerns the interpretation that is to be accorded to the provisions of kar vivad samadhan scheme (for short, the 'scheme') that was introduced under chapter iv of the finance (no.2) act of 1998 (hereinafter referred to ..... by clause (b) but clause (c) of section 95(ii) as well. it has held that neither clause (b) or (c) of section 95(ii) of the 1998 act is attracted inasmuch as there was no show-cause notice or notice of demand issued in the instant case. further, no appeal or reference or writ petition of the respondent was admitted .....

Maharashtra State Electricity Board Vs. Kalyan Borough Municipality an ...

Court : Supreme Court of India

Reported in : AIR1968SC991; (1968)70BOMLR733; 1969MhLJ32(SC); [1968]3SCR137

..... therefore, in particular, it may be noted that the extension and cheapening of supplies of electricity to sparsely developed areas under cl. (d) of s. 49(2) of the act can only be complied with by keeping the uniform rates at a minimum, consistently with the requirement, under s. 59, of not running at a loss. ..... action, according to the respondents, amounts to levy of tax for which there is no power in law. we are not inclined to accept this contention either. section 67 of the supply act which occurs in chapter vi relating to the board's finance, accounts and audit, deals with priority of liabilities of the board. after meeting its ..... hereinafter referred to as the board. section 16 deals with the constitution by the state government of a state electricity consultative council for the state. sub-sec. (2) deals with the composition of the state electricity consultative council. it provides for inclusion, in the said council of representatives of consumers of electricity also. sub-section ( .....

Sarojini Tea Co. (P.) Ltd. Vs. Collector of Dibrugarh, Assam and Anoth ...

Court : Supreme Court of India

Reported in : AIR1992SC1264; JT1992(1)SC327; 1992(1)SCALE159; (1992)2SCC156; [1992]1SCR371; 1992(1)LC219(SC)

..... commissioner of income tax, kerala v. k. srinivasan, . : [1972]83itr346(sc) , a question arose whether the term 'income-tax' as employed in section 2 of the finance act, 1964, would include surcharge and additional surcharge whenever provided. this court while tracing the concept of surcharge in taxation laws of our country, has observed:the power to ..... surcharge of 10% on the power tariff. it was argued that surcharge was unknown to the provisions of the electricity (supply)act, 1948 and the electricity board had no power under the said act to levy a surcharge. this court negatived the said contention and in that context, after explaining the meaning of the expression ' ..... and ors. : [1991]188itr690(sc) ; these observations have been quoted and it has been mentioned that though they were made in the dissenting judgment, there was no dissent on this aspect of the matter.28. from the aforesaid observations, it would appear that the expression 'rate' is generally used in the same sense as the .....