Judgment Search Results Home > Cases Phrase: institutes of technology amendment act 2002 section 4 amendment of section 4 Page 11 of about 16,968 results (0.276 seconds)

Apollo Tyres Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1992)43ITD464(Coch.)

..... of the assessee to provide for adequate depreciation before the net profit is ascertained. prior to the companies (amendment) act, 1988, thedeprecia-tion has to be provided as per the rates prescribed in the it act, from time to time.the rates prescribed in the income-tax act are the minimum rates prescribed and ..... of the requirements of profit and loss account and the balance-sheet under the companies act, the principles and practices on depreciation accounting suggested by the institute of chartered accountants of india, and the circulars issued by department of company affairs.10. shri sarangan, submitted that the department of company affairs entrusted ..... value of an asset and a provision is always charged against the profits. (a) 'guidance note on accounting for depreciation in companies' issued by research committee of the institute of chartered accountants of india - sept. 1989; (b) depreciation accounting (as-6), issued by the said forum - november 1982; (c) 'provision for depreciation .....

Trustees of Watumull Foundation Vs. Assistant Director of Inspection

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1994)48ITD239(Mum.)

..... provisions in finance bill, 1992, the amendment is discussed under the tax provisions relating to charitable trusts and other institutions. relevant portion is reproduced here as under: under the existing provisions of section 13(1)(d) of the it act, exemption from income-tax provided to a charitable or religious trust institution will be forfeited if any funds of the ..... trust or institution are invested or deposited after 28-2-1983, otherwise than in any one or more of the ..... , 1992. relevant portion is reproduced here as under: clauses 5, 6 and 7 of section 13 of the it act relating to certain cases in which the exemption under section 11 is not admissible. sub-clause (i) seeks to amend clause (i) in the proviso to clause (d) of sub-section (1) of section 13 to provide .....

J and K Sheep and Sheep Products Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2005)92TTJ(Asr.)475

..... been disregarded. 6. that the submissions that the activities carried but by the appellant-board are purely those of public functions as per section 2(15) of the it act, 1961, fully covered under the definition of charitable activities and would not be carried out by any business house, and in fact were being carried out by the ..... defined in webster's dictionary means a person or a body exercises power or having legal right to command and be obeyed. the main purpose of making an institution of local authority is to allow the state to create an authority within a state which will function independently for a localise object. in the case of calcutta ..... coming to the relevant facts of the case, the learned counsel has brought on record the jamrnu & kashmir state sheep & sheep products development board act of 1979 with amendment bill, 1983. the preamble reads as follows: "an act to provide for the establishment of a sheep and sheep products development board for procurement of raw wool, its .....

income Tax Officer Vs. Life Insurance Corporation of

Court : Income Tax Appellate Tribunal ITAT West Bengal

..... salary income. the liability of an employee to deduct income-tax on the amount of salary payable to his employees arises by virtue of section 192(1) of the it act which reads as under : "any person responsible for paying any income chargeable under the head 'salaries' shall, at the time of payment, deduct income-tax on ..... modern fibotex india ltd. (supra) and the supreme court decision in the case of hindustan electro graphites ltd. (supra) because it could not have anticipated the retrospective amendment; and if it were the latter, i.e. compensatory one, the liability having been shifted directly on the recipient assessee under section 191, the assessee would be deemed ..... while deducting tax at source from salary income. this was the position on the issue of c.c.a. until the matter was finally settled vide direct taxes amendment laws, 1989 effective retrospectively since asst. yr. 1962-63 wherein the decision of the calcutta high court was reversed. however, the decision of the calcutta high .....

Indian Institute of Technology, Kanpur Vs. Anushree Constructors and C ...

Court : Allahabad

Reported in : 1999(4)AWC3493

..... judge, kanpur) filed an application (paper no. 4ga) dated 10th june, 1997, registered as miscellaneous application no. 12/70 of 1998, indian institute of technology v. anushree contractors and consultants and another under section 34, arbitrationand conciliation act. 1996 (called 'new act') for setting aside the arbitral 'award ..... of the case-1. indian institute of technology, kalyanpur, kanpur (called the institute), a body corporate was established by and under institutes of technology act. 1961, to provide for education and research in various branches of engineering. technology. sciences and acts.2. the works department of the institute floated tenders on 8th october. ..... the petitioner, however, submitted that 'preliminary objection', pertains to the 'jurisdiction' and forum and these questions have been adjudicated against the institute and hence writ petition is maintainable.26. since parties have already exchanged pleadings and question to be adjudicated is purely of legal nature .....

income Tax Officer Vs. Dhan Sai Srivas and ors.

Court : Chhattisgarh

Reported in : (2009)226CTR598; [2009]315ITR318; [2009]183TAXMAN302(NULL)

..... a central, state or provincial act or a local authority or a cooperative society, or a university, or indian institute of technology, or state or central government, or an institution having national/state level importance, or a institute of management notified by the central government, etc., at the time of voluntary retirement, or in the case of ..... for our consideration in these appeals is the interpretation of expression 'amount received' in section 10(10c) of the act prior to amendment, 2003.17. expression used in the statute is not always to be interpreted literally or grammatically. sometimes it has to be interpreted having regard to context in ..... will not be included in computing the total income of such employee. other conditions, as well as the overall limit shall however, remain unchanged.9.3. this amendment will take effect from 1st april, 2004, and will, accordingly, apply in relation to the assessment year 2004-2005 and subsequent years.16. the core question .....

Director of Income Tax (Exemption) Vs. C. C. M. Kothari Educational Tr ...

Court : Chennai

Reported in : (1997)143CTR(Mad)94

..... and in the circumstances of the case, the tribunal was right in law in holding that the assessee is entitled to exemption under s. 11 of the it act in view of the amended provisions of s. 13(1)(d) of the act extending the time limit upto 31st march, 1993 for converting the deposits into permissible mode of investments ..... the assessee is entitled to exemption under s. 10(22) of the act. the tribunal held following an earlier decision of this court in the case of aditanar educational institution (supra) that the assessee is entitled to exemption under s. 10(22) of the act. but, while framing the question in the reference application, the department stated ..... previous year ?'2. before the tribunal the question was whether the assessee is entitled to exemption under s. 10(22) of the it act, 1961. the tribunal following the decision of this court in the case of cit vs. aditanar educational institution (1975) 118 itr 235 held that the assessee is entitled to exemption under s. 10(22) of the .....

C. Kenchappa and Others Vs. State of Karnataka and Others

Court : Karnataka

Reported in : 2000(4)KarLJ1

..... and nature of establishment of respondent 3 and its activities, which is essential to the growth of computer industry and research and development in information technology, we do not wish to disturb the allotment made to 3rd respondent, but the notification under section 3(1) of the act and consequential ..... as to whether those statutory conditions were satisfied. ours is a democratic polity. at every level, from the villages up to the national level, democratic institutions have been introduced. the villages are under grampanchayats, urban areas under municipalities and corporations, districts are under parishads; for the state there is a legislature ..... reasonable restriction imposed in article 19(2) of the constitution. environmental protection and improvement were explicitly incorporated into the constitution by the constitution (forty-second amendment) act of 1976. article 48-a was added to the directive principles of the state policy. it declares: the state shall make endeavour to .....

Commissioner of Income Tax Vs. Forbes, Ewart and Figgis Ltd.

Court : Kerala

Reported in : (2003)184CTR(Ker)308; [2004]267ITR153(Ker)

..... under the said clarification. in order to appreciate the communication issued by the department of company affairs it is necessary to see the query which is raised by the institute of chartered accountants. further, it has to be ascertained as to whether the situation in the present case is one falling under the special circumstances and can be treated ..... to create the reserve before the closing of the accounts and drawing of the p&l; a/c, the assessee was entitled to the benefit of section 80hhc of the it act ? 2. whether, on the facts and in the circumstances of the case, the tribunal is right in law in holding that the assessee had created the requisite reserve ..... of the madras high court in cit v. sri venkatesa mills ltd. : [1999]235itr665(mad) which has taken the view that the p&l; a/c can be amended only till the finalisation of the assessment and thereafter it cannot be made. the counsel also submitted that when the company law under which the company is incorporated permits reopening .....

Malappuram District Parallel College Association and ors. Vs. Union of ...

Court : Kerala

Reported in : (2005)199CTR(Ker)453; 2006[2]STR321

..... to large number of tax evaders under the guise of charity will continue to protect educational institutions as charity includes education also. if education is run on business lines, then solution is to amend section 11 and other relevant provisions of the it act withdrawing the exemptions to institutions and government can simultaneously provide financial aid to beneficiaries which will put an end to misuse ..... of the government because this malady has to be corrected only by levying income-tax on the institutions and not by licensing the institutions to collect service-tax from students. in fact section 10(22) of the it act which granted blanket income-tax exemption for educational institutions is now deleted and exemption is provided with moderation in section 10(23c) of the said act .....