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...assessment year unless otherwise provided expressly or by necessary implication. (See also Reliance Jute and Industries Ltd. ...necessary implication. (See also Reliance Jute and Industries Ltd. v. CIT...Another, (2000) 6 SCC 359 and Shree Chamundi Mopeds Ltd. Vs...
...implication. (See also Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139.) An Explanation to a statutory provision may fulfil the purp...incorporated in Panama. It entered into a wet lease with the Oil and Natural Gas Commission (ONGC) under which the appellant agreed to supply oil rigs and the employees to man the rigs to enable ONGC to...demonstration to update the knowledge in the latest techniques and attending to the offshore drilling work on any project of the appellant in any part of the world. The agreements further provided...
...Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139, (1979) 120 ITR...CIT v. Podar Cement (P) Ltd. (1997) 5 SCC 482 the circumstances under which the amendment was brought in existenc...Virtual Soft Systems Ltd. v. CIT (2007) 9 SCC 665 a reference has been made by another Division Bench by order dated 7-4-2008 to a larger...
...effect from April 1, 1989, it will apply to the assessment year 1989-90 and onwards. The Supreme Court in Reliance Jute and Industries ...a decision of this court in Indo-Gulf Fertilizers and Chemicals Corporation Ltd. v. Union of India [1992] 195 ITR 485.4...Fertilizers and Chemicals Corporation Ltd. [1992] 195 ITR 485, this decision was delivered in 1992 and hence this court could obviously not be aware of the amendment which was made in 1993. Thus, there is no...
...Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139 at p. 141, para 6.) Same principles have been followed in...of the said Company was of 52 lakh shares of Rs 10 each at a premium of Rs 3.50 per share aggregating to Rs 7 crore 2 lakhs. The lead managers to the issue were Bank of Baroda and Apple Industries...Ltd. Such issue opened on 26-11-1993 and closed on December 1993 and one of the Directors of the Company appeared to be the chief promoter of the same.3*. The complaint was to...
...Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139 , 1980 SCC (Tax) ...Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139 , 1980 SCC..., definition and conditions, are all decided by and are dependent on the provisions of the relevant DC Rules. In contrast, the judgment in Reliance Jute and Industries Ltd. (1980)...
...Reliance Jute and Industries Ltd. v. Commissioner of Income-tax, West Bengal, (1979) 120 ITR 921, Commissioner of Income-tax v. Gosli...connected with the case and issue a writ of certiorari or any other appropriate writ direction to quash the Ext.P20, P21, P22, P23, P24 and P25 orders.ii. issue a writ of...till disposal of the writ petition.iii. issue any other writ, direction or order found fit and proper by this Honourable Court on the facts and in the circumstances of this case...
...Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139, (...includes losses, that is, negative profit. This has been held so on the strength of earlier judgments of this Court in CIT v. Harprasad and Co. (P) Ltd...in CIT v. Elphinstone Spg. and Wvg. Mills Co. Ltd. AIR 1960 SC...
...support of the proposition, it is found in the judgment of the apex court in Reliance Jute and Industries Ltd. v. CIT, [1979] 120 ITR 921.... The following questions of law have been referred for our consideration:“1. Whether, on the facts and circumstances of the case, the surtax paid by the assessee under the...?2. Whether, on the facts and in the circumstances of the case and having regard to the provisions of sub-section (2B...
.... (See also Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139.) An Explanation to a statutory provision may fulfil the purpose of...S.B Sinha, J.— Leave granted.2. Interpretation and/or application of the provisions of Section 115-WB of the Income Tax Act, 1961 (for short “the...and purported to be in line with global practices typical to such industry, the employees who may be residents of various countries including Australia, USA, UK, France, etc. work on the MODR on a...
...year unless otherwise provided expressly or by necessary implication. (See also Reliance Jute and Industries Ltd. v. CIT [(1980) 1 SCC...obligation; debitum in praesenti, solvendum in futuro. This aspect of the matter was explained in the judgment of this Court in Kesoram Industries and Cotton Mills Ltd. v. CWT...Corporation Ltd. v. Commissioner Of Income Tax ., (1997) 7 SCC 56 is disingenuous. That was a decision which turned on whether a sum of Rs. 79 lakhs represents ‘Debenture Redemption Reserve’ and was...
...implication. (See also Reliance Jute and Industries Ltd. v. CIT (1980) 1 SCC 139.) An Explanation to a statutory provision may fulfil the...Cements Ltd. v. Union of India (2005) 4 SCC 214 tax was not sought to be imposed on “betting” or “gambling” or “entertainments” or “amusements” as provided in Entries 34 and 62 of List II of the...keep pace with the changes in the organisation and structure of industries besides accounting for emerging economic activities. NIC, 2004 is the revised version of the earlier classification standard...
...year unless otherwise provided expressly or by necessary implication (vide : Reliance Jute and Industries Ltd. v. CIT...First Leasing Co. of India Ltd. v. CIT (No. 2), [2000] 244 ITR 238 (Mad) and...: CWT v. B.R Theatres and Industrial Concerns P. Ltd., [2005] 272 ITR 177 (Mad)).33. In the instant case, the unamended provision...
..., [1966] 60 ITR 262 (SC), the Supreme Court observed in ...Tribunal. The Tribunal, relying on the Madras Bench decision of the Tribunal in Rayalaseema Passenger and Goods Transport (P.) Ltd. v. IAC, [1984] 7 ITD 111, has held...CIT v. Scindia Steam Navigation Co. Ltd., [1961] 42 ITR 589 and...
...has been discussed from paragraphs 32 to 36 wherein relying upon the decision of Supreme Court more particularly in case of M/s Reliance Jute and Industries Ltd. Vs. C.I.T. West...during assessment would not be a justified ground to re- initiate proceedings. 34. Further, in the matter of M/s. Reliance Jute and Industries Ltd. v. C.I.T., West...has already been made for the respective years i.e. 2007-08, 2008-09 and 2009-10 as held in M/s. Reliance Jute and Industries Ltd. (supra). The assessing authority in the order of reassessment has...
...Reliance Jute and Industries Ltd. v. CIT, [1979] 120 ITR 921 (SC).6. These are well-settled propositions of income-tax law. The question is whether payment of interest on th...; interest which is in the nature of compensation and not penalty as held in Central Provinces Manganese Ore Co. Ltd. v. CIT, [1986] 160...) and Karimtharuvi Tea Estate Ltd. v. State Of Kerala, [1966] 60 ITR 262 (SC). Learned counsel has also drawn our attention to...
...tax. This interpretation will be advancing the cause of justice. In this connection, our attention was invited to a decision of the Supreme Court in the case of Reliance jute and Industries Ltd. v...Drugs Pharmaceuticals Private Ltd. v. Union of India, [1997] 225 ITR 252 wherein this court has taken the view that Section 143(1A)(a)(B) is valid and is not penal in...1. This is a reference under Section 256(1) of the Income-tax Act, 1961, at the instance of the Revenue and the following question of law has been referred by...
...necessary implication”—vide Reliance Jute and Industries Ltd. v. CIT, [1979] 120 ITR 921 (SC).10. We are of the view that in this case, the notification applies to the...Officer, the assessee had claimed that it was agricultural land and so the capital gains arising on the transfer were not liable to tax under the...Income-tax Act. The Assessing Officer did not accept that claim and he prepared to make the assessment of the capital gains at Rs. 13,33,987.2...
...unless otherwise provided expressly or by necessary implication. (See also Reliance Jute and Industries Ltd.
...Reliance Jute and Industries Ltd. v. CIT [(1980) 1 SCC 139].) An Explanation t...proviso, a change in law has been brought about and consequently, the judgments relied upon by the authorities below including PCIT vs. IL & FS Energy Development Company Ltd...
...the relevant assessment year unless otherwise provided expressly or by necessary implication. In Reliance Jute and Industries Ltd. V CIT (1981...CIT vs. AIMIL Ltd., 321 ITR 508 and PCIT vs. Pro Interactive Service (India) Pvt. Ltd., ITA No.983/2018, order...Hon'ble Supreme Court by order dated 12.10.2022 in the case of Checkmate Services Pvt. Ltd. (supra) has held that the employees contribution of ESI and PF have to be deposited before the due date...