Judgment Search Results Home > Cases Phrase: taxation laws amendment act 2007 section 11 omission of second schedule Court: delhi Page 13 of about 789 results (0.224 seconds)

Asstt. Cit Vs. K.S. International

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2007)293ITR39(Delhi)

..... 80hhc is available on such income. in the course of hearing before us, the attention of the learned departmental representative was drawn towards the amendment made by the taxation laws (amendment) act, 2005, retrospectively with effect from april 1, 1998, by which clause (iiid) was inserted in section 28 with a view to deem any ..... profit on the transfer of depb, being duty remission scheme under the export and import policy formulated and announced under section 5 of the foreign trade (development and regulation) act ..... , 1992, as the profits and gains of business. by the same amendment act, provisions of section 80hhc of the act were also modified by, inter-alia, inserting clause (iiid) in the clause (ba) of the .....

Asstt. Commissioner of Income Tax Vs. K.S. International

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2007)108ITD709(Delhi)

..... under section 80hhc is available on such income. in the course of hearing before us, the attention of the learned d.r. was drawn towards the amendment made by the taxation laws (amendment) act, 2005, retrospectively w.e.f. 01.04.1998, by which clause (iiid) was inserted in section 28 with a view to deem any profit ..... on the transfer of depb, being duty remission scheme under the export and import policy formulated and announced under section 5 of the foreign trade (development and regulation) act, ..... 1992, as the profits and gains of business. by the same amendment act, provisions of section 80hhc of the act were also modified by, inter-alia, inserting clause (iiid) in the clause (ba) of the explanation below .....

Additional Commissioner of Income-tax Vs. Sunder Lal Banwari Lal

Court : Delhi

Reported in : (1984)39CTR(Del)112; [1985]156ITR617(Delhi)

..... , it shall have effect for every subsequent assessment year. there are, however, two provisos. in section 184(7), clause (ii) of the proviso was substituted by the taxation laws (amendment) act, 1970, with effect from april 1, 1971. clause (i) of the proviso is that there is no change in the constitution of the firm or the shares of ..... great respect to the learned judges, we are unable to subscribe to the view that although section 26a fell for consideration in the aforesaid decision, the relevant law is unchanged in the 1961 act. we have pointed out the significant changes made by the legislature in form no. 12 appended to the rules. in jawaharlal khandelwal's case : [1977 ..... predecessor firm and the successor firm in accordance with the provisions of section 170. the dissolution of a firm either by an act of parties or by operation of law is clearly contemplated in the act by the legislature. if one of the partners dies in the middle of the accounting period, it is dissolution of the firm .....

Shri Daya Chand Vs. Commissioner of Income-tax New Delhi

Court : Delhi

Reported in : 2001IIIAD(Delhi)372; [2001]250ITR327(Delhi)

..... credits in his books. assessed is required to discharge this onus. section 132(4a) does not over-ride this specific provision. section 132(4a) was introduced by the taxation laws(amendment) act, 1975 w.e.f. 1.10.1075. clause (ii) thereof, on which reliance was placed by the assessed before the authorities, provides that contents of 'such ..... , thereforee, additions of rs.43,882/- and rs.52,245/- were made under section 68 of the act for the two years respectively. assessed preferred appeals before the appellate assistant commissioner(in short the 'aac'). after examining the materials brought on record, aac sustained the ..... the time of assessment for the assessment years 1970-71 and 1972-73, income-tax officer sought to include these cash credits under section 68 of the act in assessed's income and asked the assessed to explain the sources of these cash credits. explanationn was offered by the assessed which was not found acceptable and .....

Shah E Naaz Judge vs.additional Director of Income Tax (Inv)-Unit Vi a ...

Court : Delhi

..... 1987. sections 132(1) and 132(1a) of the act as they exist read as ..... act is issued and executed, the assessing officer is required to issue notice under section 153a of the act. to search these 12. search and seizure provisions in the act introduced by finance act, 1964 have undergone a number of amendments including substantial amendments made by the taxation laws (amendment) act, 1975 and direct tax laws (amendment) act, ..... to be decided and adjudicated on the basis of satisfaction note; whether satisfaction note satisfies the statutory requirements and the respondents have acted in accordance with law. in fact, there is contradiction in the plea raised by the respondents for nothing was found in locker nos.7712-d .....

Sahyr Kohli vs.additional Director of Income Tax (Inv)-Unit Vi and Ano ...

Court : Delhi

..... 1987. sections 132(1) and 132(1a) of the act as they exist read as ..... act is issued and executed, the assessing officer is required to issue notice under section 153a of the act. to search these 12. search and seizure provisions in the act introduced by finance act, 1964 have undergone a number of amendments including substantial amendments made by the taxation laws (amendment) act, 1975 and direct tax laws (amendment) act, ..... to be decided and adjudicated on the basis of satisfaction note; whether satisfaction note satisfies the statutory requirements and the respondents have acted in accordance with law. in fact, there is contradiction in the plea raised by the respondents for nothing was found in locker nos.7712-d .....

Sandeep Kohli vs.additional Director of Income Tax (Inv)-Unit Vi and A ...

Court : Delhi

..... 1987. sections 132(1) and 132(1a) of the act as they exist read as ..... act is issued and executed, the assessing officer is required to issue notice under section 153a of the act. to search these 12. search and seizure provisions in the act introduced by finance act, 1964 have undergone a number of amendments including substantial amendments made by the taxation laws (amendment) act, 1975 and direct tax laws (amendment) act, ..... to be decided and adjudicated on the basis of satisfaction note; whether satisfaction note satisfies the statutory requirements and the respondents have acted in accordance with law. in fact, there is contradiction in the plea raised by the respondents for nothing was found in locker nos.7712-d .....

Cce Vs. Somex India

Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

..... -i v. somex (india) vide final order no. 486/07-sm dated 6.2.2007. he further submits that the credit is not deniable in view of the taxation law (amendment) act, 2006. he reiterates the findings of the commissioner (appeals).5. after hearing both sides and on perusal of the record, it is seen from section 39 of the ..... taxation law (amendment) act, 2006 that duty paid on wire drawing unit shall be allowed cenvat credit during the period 29.5.2003 to 8.7.2004. i find that the tribunal ..... case of technoweld industries held that the process of drawing of wire from wire rods does not amount to manufacture under the definition of section 2(f) of central excise act, 1944. therefore, show cause notice was issued proposing to recover cenvat credit on inputs wire utilized for the process of electric cables. the adjudicating authority confirmed the demand .....

Commissioner of Wealth-tax Vs. Ram Pershad

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1984)7ITD656(Delhi)

..... words 'the circumstances of the case may require' and this is made effective from 1-4-1965.8. by the taxation laws (amendment) act, 1972, sub-section (3) of section 7 has been inserted with effect from 1-1-1973, while, under the finance act, 1976, sub-section (4) comes into effect from 1-4-1976. 4. rule 1c for valuation of market value of ..... to be read as one, great weight should be attached to any scheme which can be seen in clear outline and amendments in later acts should if possible be construed consistently with that scheme.' 10. in this view of the matter and the ratio laid down by their lordships of the hon'ble supreme court; ..... unquoted preference share.rules 1c and 1d were introduced by the wealth-tax (amendment) rules, 1967, vide notification, dated 6-10-1967 but vide circular no. 5 .....

Shiv Raj Gupta Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1984)8ITD875(Delhi)

..... clause (i) or clause (iii) of sub-section (1), the commissioner may, in his discretion,'--" the provisions of section 18(2a) and section 18(2b) were omitted by the taxation laws (amendment) act, 1975, with effect from 1-4-1976 and the new section 18b was inserted in its place. non-obstante clause was duly ..... amended to read as follows: 18b.(1) notwithstanding anything contained in this act, the commissioner may, in his discretion, whether on his own motion or otherwise,--" 8. as evidenced from the above, their lordships of the karnataka high court did ..... 18b(4), the above decision which was rendered under section 18(2a)/18(2b) (since omitted) would not be applicable. similarly in the case of gamanlal kacharabhai (supra) the amendment brought out by new section 18b had not been brought to the notice of the bench.9. assuming even for the sake of argument that the appeal against the orders .....