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Prevention of Destruction and Loss of Property Act, 1981 Preamble 1

Title: Prevention of Destruction and Loss of Property Act, 1981

State: Karnataka

Year: 1981

THE PREVENTION OF DESTRUCTION AND LOSS OF PROPERTY ACT, 1981 [Act, No. 47 of 1981] [29th September, 1981] PREAMBLE An Act to provide for punishment of certain acts in respect of property and imposition of collective fine to recover the loss or damage sustained by such acts. WHEREAS it is expedient to provide for punishment of certain acts in respect of property and imposition of collective fine to recover the loss or damage sustained by such acts; BE it enacted by the Karnataka State Legislature in the Thirty--second Year of the Republic of India as follows:--

Prevention of Destruction and Loss of Property Act, 1981 Complete Act

Title: Prevention of Destruction and Loss of Property Act, 1981

State: Karnataka

Year: 1981

Preamble 1 - PREVENTION OF DESTRUCTION AND LOSS OF PROPERTY ACT, 1981 Section 1 - Short title and commencement Section 2 - Punishment for committing mischief in respect of property Section 3 - Special provision regarding bail Section 4 - Power of State Government to impose collective fine Section 5 - Power to make rules Section 6 - Repeal and savings

Income Tax Act, 1961 Chapter VI

Title: Aggregation of Income and Set off or Carry Forward of Loss

State: Central

Year: 1961

.....offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, the sum so credited may be charged to income-tax as the income of the assessee of that previous year. Section 69 - Unexplained investments Where in the financial year immediately preceding the assessment year the assessee has made investments which are not recorded in the books of account, if any, maintained by him for any source of income, and the assessee offers no explanation about the nature and source of the investments or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, the value of the investments may be deemed to be the income of the assessee of such financial year. Section 69A - Unexplained money, etc. Where in any financial year the assessee is found to be the owner of any money, bullion, jewellery or other valuable article and such money, bullion, jewellery or valuable article is not recorded in the books of account, if any, maintained by him for any source of income, and the assessee offers no explanation about the nature and source of acquisition of the.....

Income Tax Act, 1961 Section 72A

Title: Provisions Relating to Carry Forward and Set off of Accumulated Loss and Unabsorbed Depreciation Allowance in Amalgamation or Demerger, Etc.

State: Central

Year: 1961

.....or amalgamation or demerger had not taken place.] 5[(aa) industrial undertaking means any undertaking which is engaged in - (i) the manufacture or processing of goods; or (ii) the manufacture of computer software; or (iii) the business of generation or distribution of electricity or any other form of power; or 6[(iiia) the business of providing telecommunication services, whether basic or cellular, including radio paging, domestic satellite service, network of trunking, broadband network and internet services; or] (iv) mining; or (v) the construction of ships, aircrafts or rail systems; ] 10[(b) "unabsorbed depreciation" means so much of the allowance for depreciation of the predecessor firm or the proprietary concern or the private company or unlisted public company before conversion into limited liability partnership or the amalgamating company or the demerged company, as the case may be, which remains to be allowed and which would have been allowed to the predecessor firm or the proprietary concern or the company or amalgamating company or demerged company, as the case may be, under the provisions of this Act, if the reorganisation of business or.....

Insurance Act, 1938 (4 of 1938) Section 64UM

Title: Licensing of Surveyors and Loss Assessors

State: Central

Year: 1938

.....or settled by the insurer unless he has obtained a report, on the loss that has occurred, from a person who holds a licence issued under this section to act as a surveyor or loss assessor (hereafter referred to as "approved surveyor or loss assessor"): Provided that nothing in this sub-section shall be deemed to take away or abridge the right of the insurer to pay or settle any claim at any amount different from the amount assessed by the approved surveyor or loss assessor. (3) The 1 [Authority] may, at any time, in respect of any claim of the nature referred to in sub-section (2), call for an independent report from any other approved surveyor or loss assessor specified by 6 [it] and such surveyor or loss assessor shall furnish such report to the 1 [Authority] within such time as may be specified by the 1 [Authority] or if no time limit has been specified by 6 [it] within a reasonable time and the cost of, or incidental to such report shall be borne by the insurer. (4) The 1 [Authority] may, on receipt of a report referred to in sub-section (3), issue such directions as it may consider necessary with regard to the settlement of the claim including any direction to.....

INCOME TAX ACT, 1961 Section 74

Title: Losses under the head 'Capital gains'

State: Central

Year: 1961

.....of this section as it stood before the 1st day of April, 1988, shall be dealt with in the assessment year commencing on the 1st day of April, 1988, or any subsequent assessment year as follows: (a) in so far as such loss relates to short-term capital assets, it shall be carried forward and set-off in accordance with the provisions of sub-sections (1) and (2); (b) in so far as such loss relates to long-term capital assets, it shall be reduced by the deductions specified in sub-section (2) of section 48 and the reduced amount shall be carried forward and set-off in accordance with the provisions of subsection (1) but such carry forward shall not be allowed beyond the fourth assessment year immediately succeeding the assessment year for which the loss was first computed.

Income Tax Act, 1961 Section 72

Title: Carry Forward and Set off of Business Losses

State: Central

Year: 1961

.....loss not so setoff shall, in case the business so re-established, reconstructed or revived continues to be carried on by the assessee, be carried forward to the following assessment year and so on for seven assessment years immediately succeeding. (2) Where any allowance or part thereof is, under sub-section (2) of section 32 or sub-section (4) of section 35, to be carried forward, effect shall first be given to the provisions of this section. (3) No loss (other than the loss referred to in the proviso to sub-section (1) of this section) shall be carried forward under this section for more than eight assessment years immediately succeeding the assessment year for which the loss was first computed. ______________________________ 1. Prior to omission, proviso to clause (i) stood as under: Provided that the business or profession for which the loss was originally computed continued to be carried on by him in the previous year relevant for that assessment year;

Tamil Nadu Property (Prevention of Damage and Loss) Act, 1992 Complete Act

State: Tamil Nadu

Year: 1992

.....pay compensation for damage or loss caused to any (Substituted by Tamil Nadu Act 46 of 1996) [property], in accordance with the provisions of this Act and the rules made thereunder. 10. Claim for Compensation." (Substituted by Tamil Nadu Act 46 of 1996) ["(I) Any claim for compensation for damage or loss caused to the property shall be made by " (i) any person who has been affected by such damage or loss; or (ii) such officer empowered by the authorities specified in sub clauses (a) to (j) of clause (4) of section 2."] (2). Every application for claim for compensation for damage or loss caused to the (Substituted by Tamil Nadu Act 46 of 1996) [Property] shall be in such form and containing such particulars as may be prescribed. 11. Authority to decide compensation. " (Substituted by Tamil Nadu Act 46 of 1996) [ (l) Every claim for compensation for damage or loss caused to the (Substituted by Tamil Nadu Act 46 of 1996) |property] shall be made to such authority as may be prescribed (2) In arriving at the quantum of compensation for damage or loss caused to the (Substituted by Tamil Nadu Act 46 of 1996) [property], the authority prescribed under sub-section.....

Marine Insurance Act, 1963 Section 56

Title: Partial and Total Loss

State: Central

Year: 1963

(1) A loss may be either total or partial. Any loss other than a total loss, as hereinafter defined, is a partial loss. (2) A total loss may be either an actual total loss, or a constructive total loss. (3) Unless a different intention appears from the terms of the policy, an insuranace against total loss includes a constructive, as well as an actual, total loss. (4) Where the assured brings a suit for a total loss and the evidence proves only a partial loss, he may, unless the policy otherwise provides, recover for a partial loss. (5) Where goods reach their destination in specie, but by reason of obliteration of marks, or otherwise, they are incapable of identification, the loss, if any is partial and not total.

Income Tax Act, 1961 Section 72AB

Title: Provisions Relating to Carry Forward and Set off of Accumulated Loss and Unabsorbed Depreciation Allowance in Business Reorganisation of Co-operative Banks

State: Central

Year: 1961

.....years for the purposes of set off and carry forward of loss and allowance for depreciation. (6) In a case where the conditions specified in sub-section (2) or notified under sub-section (4) are not complied with, the set off of accumulated loss or unabsorbed depreciation allowed in any previous year to the successor co-operative bank shall be deemed to be the income of the successor cooperative bank chargeable to tax for the year in which the conditions are not complied with. (7) For the purposes of this section, - (a) accumulated loss means so much of loss of the amalgamating cooperative bank or the demerged co-operative bank, as the case may be, under the head Profits and gains of business or profession (not being a loss sustained in a speculation business) which such amalgamating co-operative bank or the demerged co-operative bank, would have been entitled to carry forward and set-off under the provisions of section 72 as if the business reorganisation had not taken place; (b) unabsorbed depreciation means so much of the allowance for depreciation of the amalgamating co-operative bank or the demerged co-operative bank, as the case may be, which remains to be allowed.....