Judgment Search Results Home > Cases Phrase: taxation laws amendment act 2001 section 4 amendment of section 10 Page 1 of about 227,677 results (1.268 seconds)

Commissioner of Income Tax Vs. Emilio Ruiz Berdejo and ors.

Court : Mumbai

Reported in : (2010)228CTR(Bom)145

..... of the tax due on the returned income where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000), as amended by the taxation laws (amendment) act, 2000 (1 of 2001), and the assessee has paid the amount of shortfall, on or before the 15th day of march, 2001 in respect of ..... of the tax due on the returned income where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000) as amended by the taxation laws (amendment) act, 2001 (4 of 2001) and the assessee has paid the amount of shortfall on or before the 15th day of march, 2001 in respect of ..... that if a sum to be paid to the non-resident is chargeable to tax, tax is required to be deducted.23. having seen the aforesaid scheme of the act and law laid down by the apex court, the further question which needs consideration is : the consequences of failure to deduct advance tax in whole or part or after deducting, one .....

Assistant Commissioner of Income Vs. Norasia Lines (Malta) Ltd.

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (2007)292ITR31(Coch.)

..... the tax due on the returned income where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000), as amended by the taxation laws (amendment) act, 2000 (1 of 2001), and the assessee has paid the amount of shortfall, on or before the 15th day of march, 2001 in respect ..... the tax due on the returned income where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000) as amended by the taxation laws (amendment) act, 2001 (4 of 2001) and the assessee has paid the amount of shortfall on or before the 15th day of march, 2001 in ..... itd 269 (del) (sb). after elaborated discussion, the bench held as under: sections 234a and 234b were inserted by the direct tax laws (amendment) act, 1987 w.e.f. 1st april, 1989. the sections were amended by the direct tax laws (amendment) act, 1989 w.e.f. 1st april, 1989. a perusal of the circular no. 549 dt. 31st oct., 1989 shows that those .....

M/s. MRF Ltd., Vs. The Deputy Commissioner of Income-Tax,

Court : Chennai

..... tax due on the returned income where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000), as amended by the taxation laws (amendment) act, 2000 (1 of 2001), and the assessee has paid the amount of shortfall, on or before the 15th day of march, 2001 in ..... tax due on the returned income where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000) as amended by the taxation laws (amendment) act, 2001 (4 of 2001) and the assessee has paid the amount of shortfall on or before the 15th day of march, 2001 in ..... imposition of interest used the expression "may" thereby giving a discretion to the authorities concerned to either reduce or waive the interest. the change brought about by the amending act (finance act, 1987) is a clear indication of the fact that the intention of the legislature was to make the collection of statutory interest mandatory." 28. thus, from the .....

The Commissioner of Income Tax, Delhi-ii, New Delhi Vs. Motor General ...

Court : Delhi

Reported in : [2002]254ITR449(Delhi)

..... onthe total [income determined under sub-section (1)of section 143 or on the basis of the earlierassessment aforesaid.] explanationn [inserted by dtl (amendment) act,1987, and omitted by dtl (amendment) act, 1989,with effect from 1-4-89.] (4) where as a result of an order under section154 or section 155 or section 250 ..... sugar works ltd. v.commissioner of wealth tax reported in : [1994]208itr989(bom) has held:-'... the business of the subsidiary companycannot be considered in law as the business of theassessed. the finding of the tribunal based oncommercial expediency appears to us to be incorrect.the fact remains that the moneys borrowed wereutilized ..... and would mean that the original borrowingwas utilized for other purposes and not for businesspurposes. the finding of the tribunal in this behalfis surely an inference in law. it ignores the law laiddown by the supreme court in madhav prasad jatiav. cit : [1979]118itr200(sc) , and in the bombay highcourt case cit v. bombay sanchar ltd .....

Vahid Paper Converters and ors. Vs. Ito and ors.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2006)98ITD165(Ahd.)

..... that even as per the supreme court, the decision was applicable for the period prior to 1-4-1988, i.e., before the law was amended by taxation laws (amendment & miscellaneous provisions) act, 1986. moreover in the above case the dispute was not with regard to the computation of income for the purpose of chapter vi-a ..... been answered differently by various high courts some in favour of the assessee and others in favour of the revenue. section 32 has since been amended by the taxation laws (amendment & miscellaneous provisions) act, 1986 with effect from april, 1,1988, however, the answer to the question remains of substantial importance as various matters are stated to be ..... decision given by the supreme court was for asstt year 1974-75, when section 34 was on the statute book, which is omitted by the taxation laws (amendment & miscellaneous provisions) act, 1986 with effect from 1-4-1988, as per section 34, the assessee was entitled to depreciation under section 32 only if the prescribed .....

M/s New Noble Educational Society Vs. The Chief Commissioner Of Income ...

Court : Supreme Court of India

..... that the institution should exist solely for the purpose of education; and (ii) it should not exist for the purpose of profit.20. by the taxation laws (amendment) act, 1975, section 10 (23c) was brought into force for the first time, and by virtue of sub-clauses (iv) and (v), other funds ..... central government. likewise, similar provisions were made for the purposes of universities and educational institutions. the direct tax laws (amendment) act, 1987 deleted section 10 (23c) (iv) and (v). these clauses were, however, restored by the direct tax laws (amendment) act, 1989 with effect from 1 april 1990. parliament also introduced six provisos to section 10 (23c), broadly dealing ..... cent of the total receipts, of the trust or institution undertaking such activity or activities, of that previous year .31. section 10 of the it act exempts from the field of taxation certain classes of income. section 10 (23c), which is relevant for the purposes of this case, reads as follows: 10. in computing the .....

Commissioner of Income Tax, Bombay Vs. Damani Brothers

Court : Supreme Court of India

Reported in : [2002]254ITR91(SC); JT2002(5)SC14; (2002)3SCC124; 2002(1)LC427(SC)

..... with the power for either reducing orwaiving the tax due.14. we find that section 245c has undergone a specific amendment ofconsiderable significance with effect from 1.10.1984 under the taxation laws(amendment) act, 1984 (act 67 of 84) making it imperative that an application tobe filed is not only to be in such form and ..... the claims other than covered by the applicationmade by an applicant. does the settlement commission get a complete role intotal substitution of the other authorities under act and, if so, far whatpurpose and to what extent. an answer to the question thus raised before usmay call for a detailed consideration of the ..... are not confined tothe income disclosed before it alone. once theapplication is allowed to be proceeded with by thecommission, the proceedings pending before anyauthority under the act relating to that assessment yearhave to be transferred to the commission and the entirecase for that assessment year will be dealt with by thecommission itself.') 2. .....

Jeffery Israel LevensteIn Vs. the State

Court : South Africa Supreme Court of Appeal

..... 345 (sca) and itc 1338 (1980) 43 satc 171 (t). 5. see s 13(1)(f) and s 22(2)(a) of the taxation laws amendment act 30 of 2000. 6. section 297(2a)(e). 7. s v hugo 1976 (4) sa 536 (a). 8. see lewis v oneanate ..... 4although a change in that regard was imminent. under the taxation laws amendment act 30 of 2000, the definition of gross income in the income tax act 58 of 1962 was shortly due to be amended to render taxable any compensation paid for a restraint of trade ..... meeting the previous day. not only does this support the appellant, but it provides the explanation for the subsequent restraint amendment. indeed when mr nhleko testified on behalf of the state, he confirmed that the non-executive directors had agreed that ..... act: the lending of money in the ordinary course of its business by a company whose main business is the lending of money. for regal, as a bank, its main business was the lending of money. the key issue was therefore whether the transaction in question could, as a matter of law .....

Cit Vs. Motor General Finance Ltd

Court : Delhi

Reported in : (2002)173CTR(Del)123

..... due on the returned income, where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000), as amended by the taxation laws (amendment) act, 2001 and the assessed has paid the amount of shortfall on or before 15-3-2001, in respect of the installment of advance tax ..... tax due on the returned income where such shortfall is on account of increase in the rate of surcharge under section 2 of the finance act, 2000 (10 of 2000), as amended by the taxation laws (amendment) act, 2000, and the assessed has paid the amount of shortfall on or before 15-3-2001, in respect of the installment of advance ..... total income determined under sub-section (1) of section 143 or on the basis of the earlier assessment aforesaid.explanation (inserted by direct taxes law (amendment) act, 1987, and omitted by direct taxes law (amendment) act, 1989, with effect from 1-4-19891.(4) where as a result of an order under section 154 or section 155 or section 250 .....

Kardicoppal Estate, Rep. by Its Prop. and ors. Vs. State of Karnataka, ...

Court : Karnataka

Reported in : (2004)188CTR(Kar)68; ILR2003KAR4756; [2004]266ITR20(KAR); [2004]266ITR20(Karn)

..... have been made by the second respondent. the loss determined in the assessment have been allowed to be carried forward in terms of section 15 of the act. section 15 was amended by the karnataka taxation laws (amendment) act, 1990 retrospectively w.e.f. 1-4-1987. petitioner filed the annual returns for the assessment year 1995-96 claiming total loss of rs. 11,78 ..... of sales tax on excise duty, health cess and education cess. the impugned amending act may not, therefore, be considered to be validating act. a validating act seeks to validate the earlier acts declared illegal and unconstitutional by courts by removing the defect or lacuna which led to invalidation of the law. with the removal of the defect or lacuna resulting in the validation of ..... of the apex court in : [1984]150itr648(sc) . impugned orders are consequently set aside. liberty is reserved to the respondents to proceed against the petitioner without referring to the amended act in a manner known to law and if available to them in .....