Judgment Search Results Home > Cases Phrase: taxation laws amendment act 2007 section 11 omission of second schedule Court: income tax appellate tribunal itat madras Page 1 of about 3 results (0.180 seconds)

income-tax Officer Vs. S. Krishna Iyer, P.A.

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1982)2ITD595(Mad.)

..... 1979], dated 12-5-1980, which supports the contention of the revenue that as from the assessment year 1976-77 by virtue of the amendment in section 64(1)(iii) introduced by the taxation law (amendment) act, 1975, with effect from 1-4-1976, the income of the minor children will be included automatically under that provision and there is ..... the notes on clauses accompanying the said taxation laws amendment bill nor the select committee report gives any reasons as to why the reference to the ..... which the parent is a partner. but this requirement appears to have been done away with by the amendment brought about by a newly substituted section 64(1) with effect from 1-4-1976 by section 13 of the taxation laws amendment act, 1975. as pointed out in the order of the tribunal relied on by the assessee, neither .....

B. Vijayakumar Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1987)20ITD254(Mad.)

..... first part of circular no. 402 dated 1-12-1984 which is reproduced below, for the sake of facility : as a consequence of the amendment of section 263, by section 47 of the taxation laws (amendment) act, 1984, the limitation for passing an order under section 263 will, in view of general principles of interpretation of statutes, stand extended in cases ..... 275 as it was in force at the time when the default was committed, i.e., 14-3-1970, in the meantime, an amendment was made in that a new provision was substituted by the taxation laws (amendment) act, 1970 with effect from 1-4-1971, according to which the time limit was extended, namely, two years from the end of ..... , therefore, the revisionary orders passed on 16-12-1985 were clearly barred by time. the commissioner rejected this contention by relying on the amendment made by the taxation laws (amendment) act, 1984 in section 25(3) which is effective from 1-10-1984 whereby all the orders where action under section 25(2) was possible on that .....

V. Narayanaswamy Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1982)1ITD397(Mad.)

..... of which the individual is chargeable to tax under section 64 of the income-tax act. [1969] 72 itr (st.) 100.in due course, the proposed amendment became law consequent to amendments introduced by section 18 of the taxation laws (amendment) act, 1970 ([1970] 79 itr (st.) 12). section 80b(5), as it stands amended retrospectively with effect from 1-4-1968, which defines "gross total income", now reads ..... : (5) 'gross total income' means the total income computed in accordance with the provisions of this act, before making any deduction .....

V. Narayanswamy Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

..... to tax under section 64 of the income-tax act." [1969] 72 itr (st.) 100.in due course, the proposed amendment became law consequent to amendments introduced by section 18 of the taxation laws (amendment) act, 1970 ([1970 79 itr (st.) 12). section 80b (5), as it stands amended retrospectively with effect from 1-4-1968, which ..... defines "gross total income", now reads : "(5) 'gross total income' means the total income computed in accordance with the provisions of this act ..... income" means the total income computed in accordance with the provision of this act, before making any deduction under this chapter or under section 280-o and without applying the provisions of section 64". by the taxation laws (amendment) bill, 1969, it was provided by clause 20 that the words"and .....

Third Income-tax Officer Vs. Mohammedbhai Hasanally

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1984)9ITD57(Mad.)

..... ] dated 30-9-1975 - see [1976] 102 itr (st.) 9--issued by the cbdt giving the explanatory note on the provision of the taxation laws (amendment) act, 1975, states that these amendments were made for streamlining the administrative set up with a view to making it functionally more efficient. paragraph 30 of this circular states that with a ..... the necessity on the part of the assessee to file an unnecessary appeal against the best judgment assessment when an application under section 146 is pending, an amendment has been introduced for excluding the time taken for the disposal of the application under section 146 in computing the period of limitation for filing the appeal ..... before the aac. the applications were presumably in time because the appeals have been entertained within the same period of limitation.section 146 has since been amended to provide that every application made thereunder shall be disposed of within ninety days from the date of receipt thereof by the ito, provided that in .....

C.M. Kothari Charitable Trust Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1989)31ITD46(Mad.)

..... of accounting years commencing after 31-3-1978 and that was how even though the amendment introduced by the taxation laws (amendment) act, 1975 took effect from 1-4-1977, it became applicable only in relation to the assessment year 1979-80 and subsequent years as explained by circular ..... up to that date....8. the aforesaid history of section 13(1)(d) of the act would clearly show that section 13(1)(d) was only prospective and not retrospective.this will be confirmed by the fact that initially when the taxation laws (amendment) act, 1975 laid down an investment pattern for trust funds, it was applicable in respect ..... to this section 7 (other than sub-clause (ii) of clause (a) thereof) of the finance act, 1972.it may be necessary to give a brief history of section 13(1)(d). the taxation laws (amendment) act, 1975 had laid down an investment pattern for trust funds and by further insertion of the original clause 13(1)(d) with .....

M. Ethurajan Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1998)65ITD87(Mad.)

..... after the explanations were inserted by the finance act, 1964 and taxation laws (amendment) act, 1975, the onus was shifted to the assessee from the revenue. the nature of explanation inserted by the finance act, 1964 and the nature of explanation inserted by the taxation laws (amendment) act, 1975, is different but the effect of the amendment made by the finance act, 1964 and taxation laws (amendment) act, 1975 by inserting explanation 1 to section 271 ..... also income to which provisions of section 271(1)(c) will apply. now this statutory principle has been recognised by explanation 1 to section 271(1)(c) of the act introduced by taxation laws (amendment) act, 1975 w.e.f. 1-4-1976.14. in the case of s. s. ratanchand bholanath v. cit [1994] 210 itr 682 (mp), the assessee admitted before the assessing .....

inspecting Assistant Vs. Smt. P. Palaniammal

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1984)7ITD416(Mad.)

..... majority view in that, case, since what the high court declared as unconstitutional were the provisions of section 140a(3) as they stood before the amendment by the taxation laws (amendment) act, 1975 and not the substituted provisions, to invoke that decision and cancel the penalty levied under the new provisions would mean striking down the provisions of ..... totally new provision comes into existence and, therefore, it is not possible to hold that sub-sections (1) and (3) of section 140a substituted by the taxation laws amendment act, 1975, continued to be the same sections as they originally stood. apart from that, on an examination of the new substituted provisions, we find that they do ..... that the bench felt certain doubts as to the effect of the substitution of the provisions of section 140a(3) by the taxation laws (amendment) act, 1975 on the point as to whether the amendment could be said to have overcome the effect of the decision of the madras high court in the case of a.m. sali .....

Elgi Equipments Ltd. Vs. Dy. Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1992)41ITD518(Mad.)

..... the amended provisions clearly applied; with the result an order in revision under section 16 could be passed any time before the expiry ..... said to be hit by section i6(2)(b) of the surtax act.it is a matter of record that the surtax assessments for the assessment years 1982-83 and 1983-84 were made on 9-5-1985, that is to say, after the amendment of the said section by the taxation laws (amendment) act, 1984 with effect from 1-10-1984. this would mean that ..... cannot ignore or fail to take into account its lax liability. in other words, it has no go but to make adequate provision towards taxation. this naturally flows from the mandate of section 211 of the companies act. which makes it incumbent upon a company to give a true and fair view of its state of affairs at the end of the .....

Rajapalayam Mills Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1986)18ITD114(Mad.)

..... advance tax paid by an assessee. there was an increase in the rate of interest from 6 per cent to 9 per cent made by the taxation laws (amendment) act, 1967. the amending provision was to the effect that interest at 9 per cent shall be payable from 1-10-1967. the question in that case was the rate ..... has referred to changes in the depreciation allowance introduced on three occasions. the first was the insertion of sub- section (1a) in section 32 by section 5 of the taxation laws (amendment) act, 1970. this provision authorises depreciation allowance on construction made after a particular date, viz., 31-3-1970. the second was the insertion of clause (vi) in sub- ..... made them prospective that otherwise they would have been retrospective. it could equally well be argued that apart from the specification of the periods, the taxation laws (amendment) act, 1970 and the finance (no. 2) act, 1980 also specified the dates on which they came into force, namely, 1-4-1971 and 1-4-1981 (by the finance .....