Judgment Search Results Home > Cases Phrase: finance no 2 act 2009 chapter iii direct taxes Sorted by: old Page 13 of about 75,457 results (0.446 seconds)

Exxon Corp. Vs. Hunt

Court : US Supreme Court

..... purposes:" "(1) payment of governmental response costs incurred pursuant to section 9604 of this title, including costs incurred pursuant to the intervention on the high seas act;" "(2) payment of any claim for necessary response costs incurred by any other person as a result of carrying out the national contingency plan established under section 1321(c ..... congress enacted cercla in response to similar concerns. cercla imposes an excise tax on petroleum and other specified chemicals. the act establishes a trust fund, commonly known as "superfund," 87.5% of which is financed through the excise tax, and the remainder through general revenues. superfund money may be used to clean up releases of ..... florio introduced h.r. 7020, 96th cong., 2d sess., on april 2, 1980. the bill was reported out of committee, see h.r.rep. no. 96-1016 (1980), and enacted by the house, 126 cong.rec. 26799 (1980). the bill created a fund financed from a tax on oil and chemicals and from general revenues. the fund .....

Commissioner of Income Tax Vs. Bhavnagar Bone and Fertiliser Co. Ltd.

Court : Gujarat

Reported in : (1987)59CTR(Guj)116; [1987]166ITR316(Guj)

..... right in law in holding that the assessee was an 'industrial company' within the meaning of clause (c) of sub-section (6) of section 2 of the finance (no. 2) act, 1971 2. whether, on the facts and in the circumstances of the case, the income-tax appellate tribunal was justified in law in holding that the amount ..... is, assessment year 1971-72, claimed that it was an 'industrial company' within the meaning of clause (c) of sub-section (6) of section 2 of the finance (no. 2) act, 1971. the income-tax officer, however, following his decision in the earlier years rejected the claim of the assessee-company. the appellate assistant commissioner, before ..... in the various decisions helps it in reaching the conclusion that the assessee-company was an industrial company within the meaning of the aforesaid provisions of the finance (no. 2) act, 1971. the tribunal has also not properly appreciated the various clauses of the agreement entered into between the assessee-company and the bhavnagar firm. prima .....

Andhra Pradesh State Financial Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (1986)18ITD515(Hyd.)

..... following reasons : (a) section 36(1)(viii), which corresponded to section lo(2)(xiva) of the indian income-tax act, 1922 underwent subsequently many amendments-please see finance act, 1966, finance (no. 2) act 1967, finance act, 1970, finance (no. 2) act 1971, finance act, 1974, finance act, 1977, finance act, 1979, finance act, 1981 and lastly finance act, 1985 by which the crucial words 'this clause and' were inserted with effect from ..... 10 per cent. in both cases, the words in parenthesis, viz., 'computed before making any deduction under chapter vi-a' inserted by the finance (no.2) act, 1967, with effect from 1-4-1968 were not engrafted in the sub-clause under said section. in this context, the patna high court held ..... reduced by 50 per cent thereof, or rs. 1,800, whichever is less. under the proviso to section 23(2), as it stood before its amendment by the finance (no. 2) act, the reduced annual value so arrived at was further limited to 10 per cent of the total income of the assessee .....

Glaxo Laboratories (India) Ltd. Vs. Second Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1986)18ITD226(Mum.)

..... did not apply to his case.20. in j.k.k. angappan & bros. v. cit [1973] 91 itr 513 (mad.), while dealing with voluntary disclosure under the finance (no. 2) act, 1967, the madras high court observed that it was a well settled rule of interpretation that in construing the scope of legal fiction, it would be proper and even necessary ..... ito rejected the assessee's claim for depreciation and the commissioner (appeals) upheld it in view of the amendment of section 35(2)(iv) by the finance (no. 2) act, 1980. under similar circumstances, the madras high court in cit v. lucas tvs ltd. [1984] 149 itr 771 has held that depreciation cannot be granted for ..... the subsequent year on the assets on which the relief under section 35(2) equivalent to the full cost has already been allowed. the assessee, however, contends that the .....

N.J. Jose Vs. Thavarakkattil Chandri and ors.

Court : Kerala

Reported in : [1988]170ITR210(Ker)

..... any income-tax authority to exercise any powers thereunder ; or...' 6. section 137 was, however, deleted by the finance act, 1964 (5 of 1964). section 138 was substituted and it underwent a further amendment by the finance act of 1967. from then on, section 138 reads thus :'138. disclosure of information respecting assessees.--(1) (a) ..... pass appropriate orders in accordance with the provisions of the code of civil procedure and the evidence act without taking into account the limitation which section 137 of the income-tax act, 1961, had placed earlier,'18. in sabrose finance corporation v. haryana state , the punjab and haryana high court observed thus (p. 891) ..... government or the income-tax department is a party.11. there is thus no other notification which prohibits information or documents relating to an assessee under the income-tax act being furnished to a court. a statutory notification under section 138(2) armed the government to oust or restrict the civil court's jurisdiction to .....

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 .....

Reserve Bank of India, Bangalore Vs. Dhanalakshmi Funds (India) Ltd., ...

Court : Chennai

Reported in : [1987]62CompCas439(Mad)

..... , 35 and 36 of 1986 on his file. these revision petitions came before him under the following circumstances. 2. as per s. 45-s(1) of the reserve bank of india act, no. 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 individual or any of the partners. messrs. dhanalakshmi consolidates finance and industrial investments, 158 commander-in-chief road, madras 105, and asian integrated finance and industrial corporation, 95 mount road, madras 2 are two partnership firms, hereinafter referred to as the firms. on the belief entertained that those firms and few others .....

Bhasir Oil Mills Vs. Union of India

Court : Mumbai

Reported in : 1989(24)LC513(Bombay); 1990(47)ELT305(Bom)

..... oilseeds industry and vegetable oils industry. chapter iii of the act makes provisions for raising finances for carrying out the purposes of the board. there is however no provision for raising finance by levying any cess under the board act. the cess is leviable only under the cess act under which the charging section is section 3 in which it ..... these writ petitions the aforesaid show cause notices issued to them by the respondent no. 2.4. as regards the ground of challenge to the constitutional validity of the board act and the cess act, the petitioners have not pressed the same because the matter is no more res integra in view of the decision of the supreme court in ..... definition. in support of the above contention, the learned counsel for the department has brought to our notice clause (b) of sub-section (2) of section 9 of the board act dealing with the functions of the board in which according to him the development of the products of oil seeds by recommending measures for improvement .....

O.E.N. India Ltd. Vs. Collector of Customs

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in : (1989)(41)ELT565TriDel

..... he states that in para number 4 the hon'ble high court had observed that iron and steel articles are covered under chapter 73 of first schedule to 1975 act. heading no.73.15 relates to alloy steel. stainless steel being alloy steel falls under this heading. in para number 5 the hon'ble high court had held that heading ..... s view was that the same were stainless steel strips. the learned collector had held that the goods are classifiable under heading 73.15(2) of the customs tariff and would be covered by serial no. 24 of appendix 8 of itc policy. he further observed that the appellants made mis-declaration as*to the description of the goods ..... filed a revision application to the secretary, government of india, ministry of finance, department of revenue, new delhi. the said revision application stands transferred to the tribunal in terms of the provisions of section 131b of the customs act, 1962 to be disposed of as an appeal.2. briefly the facts of the case are that the appellants had imported .....

income-tax Officer Vs. Nenmany Investments Agencies

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1988)27ITD228(Mum.)

..... of the supreme court in cloth traders (p.) ltd.'s case (supra) was not accepted by the department. hence section 80aa was inserted in the act by the finance (no. 2) act, 1980 and its operation was made retrospective with effect from 1-4-1968. this section laid down that where any deduction is required to be allowed under ..... indicating gross dividends. the parliament wanted to make it clear that those words meant "net dividends". in order to clarify this limited aspect section 80aa was inserted by the finance (no. 2) act, 1980, with retrospective effect. subsequently, the supreme court itself in the case of distributors (baroda) (p.) ltd. (supra) interpreted words in sub-section (1) ..... under chapter vi) and not with reference to gross amount of such dividends.6. a plain reading of section 80aa indicates that object of its insertion by the finance (no. 2) act, 1980 was to nullify the effect of the earlier decision of the supreme court in the case of cloth traders (p.) ltd. (supra) wherein it .....