(1)
BILASPUR RAIPUR KSHETRIYA GRAMIN BANK AND OTHERS Vs.
MADANLAL TANDON .....Respondent D.D
15/05/2015
Facts:The respondent, employed as a Field Supervisor in the appellant bank since 1981, faced charges of misconduct in 1984 and financial irregularities in 1987. He was removed from service in 1991 after inquiries and subsequent dismissal of his appeal by the Board of Directors of the appellant bank. The respondent challenged these actions in the High Court, arguing that essential documents and wit...
(2)
CANARA BANK AND OTHERS Vs.
M. MAHESH KUMAR AND OTHERS .....Respondent D.D
15/05/2015
Facts:The case involved the claim of dependant family members of deceased Canara Bank employees for compassionate appointment under the 'Dying in Harness Scheme' that was in place in 1993.Canara Bank contended that the 1993 Scheme had been replaced by a 2005 Scheme, which provided for ex-gratia payment in lieu of compassionate appointment.The High Court directed Canara Bank to reconsider...
(3)
COMMISSIONER OF INCOME TAX Vs.
SARKAR BUILDERS .....Respondent
Section Acts, Rules, and Articles Mentioned:
Section 6, Section 6(2): General Clauses Act, 1897
Section 24(2), Section 297, Section 72, Section 80IB, Section 80IB(1), Section 80IB(10), Section 80IB(14): Income Tax Act, 1961
Subject:
Interpretation of Section 80IB(10)(d) regarding deduction in case of undertaking developing and building housing projects.
Headnotes:
Facts:
Developers had projects sanctioned before March 31, 2005, with commercial usage permitted to a certain extent. These projects commenced before April 1, 2005, and were completed after this date.
Issues:
Whether the restriction on the extent of commercial area in housing projects, as introduced by the amendment to Section 80IB(10)(d) from April 1, 2005, applies to projects sanctioned before that date but completed after it.
Held:
The court held that the amendment to Section 80IB(10)(d) is prospective and came into effect from April 1, 2005.
Therefore, the restriction on commercial area does not apply to projects sanctioned and commenced earlier, even if they were completed after April 1, 2005.
The judgment emphasized that developers who followed the regulations and commenced their projects as per the sanctioned plans should be entitled to the benefits under Section 80IB(10).
The court highlighted the legislative intent behind Section 80IB(10) to encourage housing projects for the weaker sections of society. It stressed the importance of interpreting tax laws to avoid harsh or absurd results.
Referred cases:
Mis. Reliance Jute and Industries Ltd. v. C.I. T, West Bengal, Calcutta 1980 (1) SCR 906 - Distinguished.
Commissioner of Income Tax, UP v. Mis. Shah Sadiq and Sons 1987 (2) SCR 942 : (1987) 3 SCC 516 - relied on.
C.I. T. v. Brahma Associates 333 ITR 289
Commissioner of Income Tax I, Ahmedabad v. Gold Coin Health Food Private Limited 2008 (12) SCR 179: (2008) 9 SCC 622
The Karimtharuvi Tea Estate Ltd. v. The State of Kerala AIR 1966 SC 1385: 1966 SCR 93
Commissioner of Income Tax v. Shah Sadiq and Sons (1987) 166 ITR 102 (SC)
Commissioner of Income Tax (Central)-I, New Delhi v. Vatika Township Private Limited (2015) 1 sec 1; (1980) 1 sec 139
JUDGMENT
Arjan Kumar Sikri, J.—Leave granted.
2. No doubt the Assessees/Respondents in all these appeals are different and even assessment years are different. But the question of law which is raised by the Income Tax Authorities (hereinafter referred to as the 'Revenue') is identical. The Assessees are subject to the jurisdiction of the different High Courts, all of whom had claimed the benefit of Section 80IB of the Income Tax Act ('Act' for short), namely, deduction in respect of profits and gains on the ground that their cases were covered by Sub-section (10) of Section 80IB which provides for deduction of 100% of profits in the case of an undertaking developing and building housing projects when such profits are derived in the previous year relevant to any assessment year from such housing projects, provided the conditions contained in the said Sub-section are satisfied. High Courts have taken the same view holding that these Assessees would be entitled to the deduction Under Section 80IB(10) of the Act. We may also point out at this stage itself that though Section 80IB has been on the statute book for quite some time, a new Section 80IB had been introduced by the Finance Act, 1999 w.e.f. 01.04.2000. All these cases are covered by the said D.D
15/05/2015
Facts: Developers had projects sanctioned before March 31, 2005, with commercial usage permitted to a certain extent. These projects commenced before April 1, 2005, and were completed after this date.Issues: Whether the restriction on the extent of commercial area in housing projects, as introduced by the amendment to Section 80IB(10)(d) from April 1, 2005, applies to projects sanctioned before th...
(4)
GMG ENGINEERING INDUSTRIES AND OTHERS Vs.
ISSA GREEN POWER SOLUTION AND OTHERS .....Respondent D.D
15/05/2015
Facts:The appellants and respondents were parties to agreements of sale for certain properties.The respondents initiated legal action seeking recovery of amounts paid towards these agreements when the transactions couldn't be completed.The trial court passed ex parte decrees against the appellants when they failed to appear on hearing dates.The appellants filed applications to set aside these...
(5)
K.L. BAKOLIA Vs.
STATE THROUGH DIRECTOR, C.B.I. .....Respondent D.D
15/05/2015
Facts:Shamsher Singh, the complainant, alleged that the appellant, K.L. Bakolia, demanded a bribe for contract renewal.A sting operation was conducted by the CBI, where marked currency was handed to Bakolia, who allegedly instructed the complainant to place it under a sofa cushion.Bakolia was convicted under Section 7 and Section 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act...
(6)
MAHARAJI EDUCATIONAL TRUST AND OTHERS Vs.
SGS CONSTRUCTIONS AND DEV. P. LTD. AND OTHERS .....Respondent D.D
15/05/2015
Facts: The case involves a dispute over land, specifically a boundary dispute and mortgage issues arising from a default on a loan taken by the appellant Trust from the Housing and Urban Development Corporation (HUDCO). As a result of the default, immovable properties, including the disputed property, were mortgaged. Part of the disputed property was exchanged by the Trust with Avas Evam Vikas Par...
(7)
MANYATA DEVI Vs.
STATE OF UTTAR PRADESH AND OTHERS .....Respondent D.D
15/05/2015
Facts:Manyata Devi applied for a character/enlistment certificate necessary for contractor registration under the Irrigation Department of Uttar Pradesh.Despite meeting other requirements, her application was refused by the District Magistrate citing her husband's criminal cases.The High Court upheld the District Magistrate's decision, leading to Manyata Devi's appeal to the Supreme...
(8)
MUNNA LAL JAIN AND OTHERS Vs.
VIPIN KUMAR SHARMA AND OTHERS .....Respondent D.D
15/05/2015
Facts:Satendra Kumar Jain, a 30-year-old bachelor who was self-employed as a Pandit, died in a motor accident. His parents filed a claim seeking compensation. The claim amount sought was Rs. 95,50,000. The Motor Accidents Claims Tribunal initially awarded Rs. 6,59,000, which was later enhanced to Rs. 12,61,800 by the High Court.Issues:The appeal focused on the correct computation of compensation, ...
(9)
PREM RAM Vs.
MANAGING DIRECTOR, UTTARAKHAND PEY JAL AND NIRMAN NIGAM AND OTHERS .....Respondent D.D
15/05/2015
Facts:Prem Ram, the appellant, had been engaged in a legal dispute over the termination of his services as a daily-wager. Despite the termination being deemed illegal, there were delays in regularizing his service while his junior colleagues were regularized.Issues:Whether Prem Ram's service should be regularized given the circumstances of his termination and the subsequent regularization of ...