.....for the amount due under this Act, whichever is less. (5) Where the person to whom a notice under this section has been issued, proves to the satisfaction of the Assessing Authority that the sum demanded their in or any part thereof, is not due by him to the promoter or that he does not hold any money for or on account of the promoter, then nothing contained in this section shall be deemed to require such person to pay the sum demanded or any part thereof to the Assessing Authority. (6) Any amount, which a person is required to pay to the Assessing Authority or for which he is personally liable to the Assessing Authority under this section, shall, if it remains unpaid, be a first charge on the properties of that person and may be recovered in the manner specified in this Act. (7) For the purpose of this section, the amount due to a promoter, or money held for or on account of a promoter by any person shall be computed after taking into account such claims, if any, as may have fallen due for payment by the promoter to such person and as may be lawfully subsisting. 15. (1) When the ownership of the business of a promoter other than a State Government is transferred, the.....
List Judgments citing this section.....electronic medium; (b) "appointed day" means the date on which this Act comes into force; (c) "business" includes - (i) any trade, commerce, manufacture, adventure or concern whether or not such trade, commerce, manufacture, adventure or concern is carried on with a motive to make profit and whether or not any profit accrues there from; and (ii) any transaction in connection with or ancillary or incidental to such trade, commerce, manufacture, adventure or concern; (d) "capital goods" means any plant, machinery or equipment including equipment for pollution control, quality control, laboratory and cold storage, used in manufacturing, processing and packing of taxable goods for sale; (e) "carrier of goods" includes a person or a transport company or a booking agency, who transports, receives or delivers goods; (f) "casual trader" means a person other than a taxable person or registered person, who whether as principal, agent or in any other capacity, undertakes occasional transactions in the nature of business involving purchase, sale, supply or distribution of goods or conducting any exhibition-cum-sale in the State, whether for cash, deferred payment, commission,.....
List Judgments citing this section.....letters and sign "Schedule 1-A or by Schedule 1-B," shall be substituted. Insertion of new section 3-C in Central Act 2 of 1899. 3. In the principal Act, after section 3-B, the following section shall be inserted, namely:- Instrument chargeable with additional duty. "3-C. (1) Every instrument mentioned in entry 23 of Schedule 1-A chargeable with duty under section 3, shall, in addition to that duty( be a(so chargeable with such duty, as specified in Schedule 1-B, if such an instrument is executed in the area falling within the jurisdiction of a Municipality or a Corporation or within the area of five kilometers from the outer limit of the Municipality or Corporation, as the case may be, as may be specified by the Collector. This shall be applicable only to Municipal Corporation and Class-1 Municipalities. (2) The additional duty with which any instrument is chargeable under sub-section (1), shall be paid and such payment shall be indicated on such instrument by means of stamp or stamp paper bearing the inscription "Social Security Fund" whether with or without any other design, picture or inscription. (3) Except as otherwise provided in sub-section (2), the provisions of this Act.....
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