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Start Free TrialKarnataka Existing Laws (Construction of References to Values) Act, 1957 Complete Act
Title: Karnataka Existing Laws (Construction of References to Values) Act, 1957
State: Karnataka
Year: 1957
Preamble 1 - KARNATAKA EXISTING LAWS (CONSTRUCTION OF REFERENCES TO VALUES) ACT, 1957 Section 1 - Short title and commencement Section 2 - Interpretation Section 3 - Construction of references to certain values in existing laws
List Judgments citing this sectionKarnataka Existing Laws (Construction of References to Values) Act, 1957 Preamble 1
Title: Karnataka Existing Laws (Construction of References to Values) Act, 1957
State: Karnataka
Year: 1957
THE1[KARNATAKA] EXISTING LAWS (CONSTRUCTION OF REFERENCES TO VALUES) ACT, 19572 [Act No. 12 of 1957] [31st March, 1957] PREAMBLE An Act to provide for the construction of references in existing laws to values expressed in annas, pice and pies, in relation to new coins (Naye Paise). WHEREAS it is expedient to provide for the construction of references in existing laws to values expressed in annas, pice and pies, in relation to new coins (Naye Paise); BE it enacted by the1[Karnataka State] Legislature in the Eighth Year of the Republic of India as follows:- ________________________ 1. Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973. 2. First published in the Karnataka Gazette on the First Day of April, 1957.
View Complete Act List Judgments citing this sectionKarnataka Existing Laws (Construction of References to Values) Act, 1957 Section 3
Title: Construction of References to Certain Values in Existing Laws
State: Karnataka
Year: 1957
In every existing law, all references to any value expressed in annas, pice and pies, shall be construed as references to that value expressed in new coins referred to in sub-section (1) of section 14 of the Indian Coinage Act, 1906 (Central Act III of 1906), converted thereto at the rate specified in sub-section (2) of section 14 of the said Act.
View Complete Act List Judgments citing this sectionKarnataka Existing Laws (Construction of References to Values) Act, 1957 Section 1
Title: Short Title and Commencement
State: Karnataka
Year: 1957
(1) This Act may be called the1[Karnataka] Existing Laws (Construction of References to Values) Act, 1957. (2) It shall come into force on the first day of April, 1957. ________________________ 1. Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973.
View Complete Act List Judgments citing this sectionKarnataka Existing Laws (Construction of References to Values) Act, 1957 Section 2
Title: Interpretation
State: Karnataka
Year: 1957
In this Act, "existing law" means any Act, Ordinance or regulation having the force of law in the whole or any part of the1[State of Karnataka] relating to any matter with respect to which the1[Karnataka State] Legislature has power to make laws or any notification, rule, order, bye-law, scheme or other instrument issued or made thereunder, other than any enactment, notification, rule or order to which the provisions of sub-section (3) of section 14 of the Indian Coinage Act, 1906 (Central Act III of 1906), are applicable. ________________________ 1. Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973.
View Complete Act List Judgments citing this sectionWealth-tax Act, 1957 Schedule III
Title: Rules for Determining the Value of Assets
State: Central
Year: 1957
..... PART B: Immovable property 3. Valuation of immovable property. - Subject to the provisions of rules 4, 5, 6, 7 and 8 for the purposes of sub-section (1) of section 7, the value of any immovable property, being a building or land appurtenant thereto, or part thereof, shall be the amount arrived at by multiplying the net maintainable rent by the figure 12.5: Provided that in relation to any such property which is constructed on lease hold land, this rule shall have effect as if for the figure 12.5 (a) where the unexpired period of the lease of such land is fifty years or more, the figure 10.0 had been substituted; and (b) where the unexpired period of the lease of such land is less than fifty years, the figure 8.0 had been substituted: Provided further that where such property is acquired or construction of which is completed after the 31st day of March, 1974, if the value so arrived at is lower than the cost of acquisition or the cost of construction, as increased, in either case, by the cost of any improvement to the property, the cost of acquisition or, as the case may be, the cost of construction, as so increased, shall be taken to be the value of the property.....
View Complete Act List Judgments citing this sectionWealth-tax Act, 1957 Section 7
Title: Value of Assets How to Be Determined
State: Central
Year: 1957
.....in Schedule HI as on the valuation date next following the date on which he became the owner of the house or the valuation date relevant to the assessment year commencing on the 1st day of April, 1971, whichever valuation date is later. 2 [*****] Explanation. - For the purposes of this sub-section, - (i) where the house has been constructed by the assessee, he shall be deemed to have become the owner thereof on the date on which the construction of such house was completed: (ii) "house" includes a part of a house being an independent residential unit.] ________________________ 1. Substituted by Act 3 of 1989, Section 62 w.e..f. 1-4-1989. 2. Proviso omitted by Act 18 of 1992, Section 93 w.e.f. 1-4-1993.
View Complete Act List Judgments citing this sectionKarnataka Stamp Act, 1957 Section 27
Title: Stamp Where Value of Subject-matter is Indeterminate
State: Karnataka
Year: 1957
.....or value as the1[Deputy Commissioner], may having regard to all the circumstances of the case, have estimated as likely to be payable by way of royalty or share to the Government under the lease, or (b) when the lease has been granted by any other person, at twenty thousand rupees a year, and the whole amount of such royalty or share, whatever it may be, shall be claimable under such lease: Provided also that, where proceedings have been taken in respect of any instrument under Section 31 or 39 the amount certified by the1[Deputy Commissioner] shall be deemed to be the stamp actually used at the date of execution. ________________________ 1. Substituted by Act No. 29 of 1962, w.e.f. 1-10-1962 for the expression "Collector"
View Complete Act List Judgments citing this sectionKarnataka Stamp Act, 1957 Section 21
Title: Stock and Marketable Securities How to Be Valued
State: Karnataka
Year: 1957
Where an instrument is chargeable with ad valorem duty in respect of any stock or of any marketable or other security, such duty shall be calculated on the value of such stock or security according to the average price or the value thereof on the day of the date of the instrument.
View Complete Act List Judgments citing this sectionAdditional Duties of Excise (Goods of Special Importance) Act, 1957 Schedule I
Title: First Schedule
State: Central
Year: 1957
.....of 1986), S. 55, Fourth Schedule (13-5-1986). 5. Substituted for the words "smoking mixtures of tobacco for pipes and cigarettes by the Finance Act, (11 of 1987), S. 99,Fourth Schedule (12-5-1987). 6. Inserted, by the Finance Act, (11 of 1987), S. 99,Fourth Schedule (12-5-1987). 7. Sub-heading 2404.32 re-numbered, by the Finance Act, (11 of 1987), S. 99,Fourth Schedule (12-5-1987). 8. Substituted for sub-headings 2404.41 and 2404.42 by Finance Act (11 of 1987), S. 97, Fourth Schedule (12-5-1987). 9. Substituted for sub-headings 2404.49, 2404.51 and 2404.52 by Finance Act (11 of 1987), S. 97, Fourth Schedule (12-5-1987). 10. Sub-headings 5206.10 and 5206.20 and entries relating thereto omitted by Finance Act (26 of 1988), S. 83, Fourth Schedule (13-5-1988). 11. Substituted for the sub-headings 5206.31, 5206.32, 5206.33, 5206.34, 5206.35 and 5206.36 by Finance Act (26 of 1988), S. 83, Fourth Schedule (13-5-1988). 12. Substituted for the entries in column (3) "--of value exceeding rupees five but not exceeding rupees six per square metre; --of value exceeding rupees six but not exceeding rupees seven per square metre; of value exceeding rupees seven but not.....
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