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Start Free TrialCaltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited) Act, 1977 Complete Act
State: Central
Year: 1977
.....the ownership of. and control over a significant portion of the petroleum products produced, marketed and distributed in India by reason of the fact that one of its subsidiaries, namely, the Caltex Oil Refining (India) Limited (an Indian company), is carrying on the business of refining crude oil and producing petroleum products in India and another of its subsidiaries, namely, the Caltex (India) Limited (a foreign company), is carrying on through its undertakings in India the business of marketing and distributing petroleum products; AND WHEREAS it is expedient in the public interest that the shares of the said Caltex Oil Refining (India) Limited and the undertakings in India of the said Caltex (India) Limited should be acquired; AND WHEREAS such acquisition is for giving effect to the policy of the State towards securing the principle specified in clause (b) of article 39 of the Constitution as the ownership and control of the material resources of the community, to wit the petroleum products produced by the said Caltex Oil Refining (India) Limited and marketed and distributed by the undertakings of the said Caltex (India) Limited, in India, would by reason of such.....
List Judgments citing this sectionFinance Act, 1989 Complete Act
State: Central
Year: 1989
.....is payable by the State Government; (g) "trading company" means a company whose business .consists mainly in dealing in goods or merchandise manufactured, produced or processed by a person other than that company and whose income attributable to such business included in its gross total income (as defined insection 80B of the Income-tax Act) is not less than fifty-one per cent. of the amount of such gross total income; (h) all other words and expressions used in this section or in the First Schedule but not defined in this sub-section and defined in the Income-tax Act shall have the meanings respectively assigned to them in that Act. SECTION 03: 03-25 - [Amended the following sections of the Income-tax Act, which are being in- corporated in the principal Act hence not printed here at. Sections affected are2,10,16,17, 32AB, 36, 43B, 44BBB (ins.), 48, 54(E), 57, 80C, 80CC, 80JJ (ins.), 80A, 115B; 115J, 153, 192, 193, 263, 285B, S. 25 made consequential amendments to certain sections]. SECTION 26: APPLICATION OF THE INCOME-TAX ACT TO THE STATE OF SIKKIM - Notwithstanding anything contained in the notification of the Government jf India in the Ministry of Home Affairs, No. S.O......
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