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Assistant Commissioner of Income Vs. Asea Brown Boveri Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2007)11TTJ(Mum.)502

v. ITO 20 BCAJ 232 and a recent order dt. 24th Feb., 2006 of the Mumbai Bench of this Tribunal in Wockhardt Ltd. v. Asstt. … him, the liability of the assessee for contribution to the gratuity fund has to be ascertained on an actuarial basis. He contends that the payment has been made soon after the ascertainment of such liability and, therefore, … the disallowance of a sum of Rs. 62,26,739 being guest house expenses under Section 37(4) of the IT Act. It is submitted that the expenditure of Rs. 62,26,739 includes expenditure on rent, rate, taxes, insurance and depreciation … that, to compute the profit derived, all deductions under Sections 29 to 43A would have to be deducted. In this connection, he referred to the

Mahipal Singh Rana Vs. State of U.P.

Court : Supreme Court of India

Subject : Land Acquisition

Etiquettes and Ethics) Regulations, 2002, National Council for Teacher Education Act, 1993, Cost and Works Accountants Act, 1959, Actuaries Act, 2006, Gujarat Professional Civil Engineers Act, 2006, Representation of Peoples Act, 1951, containing provisions for disqualifying a person from … in courts in the Judgeship at Etah, until he purges the contempt. 43. The Registrar General shall draw the order and communicate it to the … ….Appellant VERSUS State of Uttar Pradesh ....Respondent JUDGMENT ANIL R. DAVE, J.1. The present appeal is preferred under Section 19 of the Contempt of Courts Act, 1971 (hereinafter referred to as “the Act”) against the judgment and

The Commissioner of Income Tax Vs. Pricol Limited

Court : Chennai

Subject : Direct Taxation

As per the Scheme, the service weightage was payable in respect of each year of service, based on actuarial valuation on the services of the employee. Thus, according to the assessee, such valuation on actual basis was … took us through the provisions of Section 40A(9), 43B(b) as well as to the definition of ".paid". in Section 43(2) of the Income Tax Act and submitted that the assessee was having service weightage scheme even prior to

Reshma Kumari and ors. Vs. Madan Mohan and anr.

Court : Supreme Court of India

Subject : Motor Vehicles

Acts : Motor Vehicles Act, 1939 - Sections 110B; Motor Vehicles Act, 1988 - Sections 92A, 110A, 140, 163A, 166 and 168; Workmen's Compensation Act, 1923; Actuaries Act, 2006; Statement of Objects and Reasons to Act, 1994

Reported in : JT2009(10)SC90; RLW2010(1)SC361; 2009(10)SCALE90:2009AIRSCW6999; (2009)13SCC422

have to be met entirely out of the relevant portion of the lump sum.29. The Parliament enacted the Actuaries Act, 2006. However, its activities are little known. We do not know whether any Actuarial Society has come into effect. … and mother of the deceased filed a claim petition before the Motor Accident Claims Tribunal, New Delhi, under Sections 110A and 92A of the Act.By an award dated 13th July, 1992 the Tribunal awarded a sum of

S. Sundaram, Vs. Icici Bank Limited Rep. by Its Chairman and Managing ...

Court : Chennai

Subject : ServiceCivil

Acts : Banking Regulations Act - Sections 5; Electricity (Supply) Act, 1948 - Sections 60; Industrial Disputes Act - Sections 10; Minimum Wages Act; Factories Act; Air (Prevention and Control of Pollution) Act, 1981; Water (Prevention and Control of Pollution) Act, 1974; Constitution of India - Articles 19(1), 21, 31(1) and 226; Central Civil Services Pension Rules, 1972 - Rule 55A; Bank of Madura Employees' Pension Regulations, 1995 - Regulations 9 and 39; Indian Bank Voluntary Employees' Pension Regulations, 1995 - Regulation 28

Reported in : (2009)8MLJ1119

v. Management and Anr.)(v) : 2005(2)CTC55 (Nadar Sangam v. RBI and Ors.)(vi) 2006 (1) CTC 776 (Nadar Sangam v. RBI and Ors.)(vii) : (2006)11SCC634 (S. … India Bank Officers' Confederation sent a Circular No. 43 to all the affiliates/members dated 2nd July, 2005Dearness … in mind the complexities involved in calculations and the cost impact it is decided to engage a reputed Actuarial Firm to help the Bank in arriving at appropriate decision. It is expected that by the end of … amalgamation of BoM with ICICI came into effect with the sanction of RBI as per the Banking Regulations Act.3. On 29-06-2001, the representatives of BoM Association and ICICI Bank worked out an agreement to facilitate the integration … long service, which cannot be taken away - Electricity (Supply) Act, 1948, Section 60(e) 2005 WLR 820 (cited supra)22. When the above consistent ratio of

Stack (Appellant) Vs. Dowden (Respondent)

Court : House of Lords

Subject : Land Acquisition

the previous 10 years and a doubling of the numbers of such households with dependent children. The Government Actuaries Department predicts that the proportion of couples cohabiting will continue to grow, from the present one in six … couple is to be divided between them when their relationship terminates. Section 27(3) of the Family Law (Scotland) Act 2006 excludes a residence used by cohabitants as the sole or main residence in which they live (or lived) … at p 897A, "It cannot surely depend on who signs which cheques". 43. As between married couples, the problem has been addressed (if not solved)

Western Electricity Supply Company of Orissa Ltd. (Wesco) and Others V ...

Court : Appellate Tribunal for Electricity APTEL Appellate Jurisdiction

Subject : Land Acquisition

light of the judgment of the Tribunal in Appeal nos. 77 of 2006 and batch and 52 of 2007 and batch and also the findings … FY 2008-09 to FY 2012-13 passed in Case No. 41, 42 and 43 of 2007 and Case No. 22 of 2008 dated 20.3.2010 passed by … Employees Cost (Actuarial valuation of Terminal Benefits) (i) In the impugned Order the Orissa Commission has adopted the actuarial valuation done by the Commission in the year 2009 and projected the requirements of the terminal benefits found … 20.03.2013 passed by the Orissa Electricity Regulatory Commission (in short, Orissa Commission) under Section 111 of the Electricity Act, 2003 in case no. 104 of 2012, 105 of 2012 and 106 of 2012 respectively, inter-alia determining the

Free Enterprise Fund Vs. Public Company Accounting Oversight Bd.

Court : US Supreme Court

Subject : Land Acquisition

cause.” 10 U. S. C. §10505(a)(3)(A) Office Within Department Statutory Removal Provision 32 Department of Defense: Board of Actuaries “A member of the Board may be removed by the Secretary of Defense only for misconduct or failure … periodically published by the Office of Personnel Management and last published in 2006. See 72 Fed. Reg. 16154-16251 (2007); §3132(b)(4). Given the Federal Government’s size … Brief for Petitioners 31; Brief for United States 43; Brief for Respondent Public Company Accounting Oversight Board … Public Company Accounting Oversight Board, was created as part of a series of accounting reforms in the Sarbanes-Oxley Act of 2002. The Board is composed of five members appointed by the Securities and Exchange Commission. It was … 200 , 212-213. These considerations point against any limitation on review here. Section 78y provides only for review of Commission action, and petitioners’ challenge is

Conkright Vs. Frommert

Court : US Supreme Court

Subject : Land Acquisition

Halifax Packing Co. v. Coyne , 482 U. S. 1 , 11 (1987). Indeed, a group of prominent actuaries tells us that it is impossible even to determine whether an ERISA plan is solvent (a duty imposed … approach that has come to be known as the “phantom account” method. Respondents challenged that method in an action under the Employee Retirement Income Security Act of 1974 (ERISA). The District Court granted summary judgment for the … complicated. (The one at issue here runs to 81 pages, with 139 sections.) We held in Firestone Tire & Rubber Co. v. Bruch , 489 … standard of review to the Plan Administrator’s interpretation. See id. , at 430-431, 439. The Second Circuit vacated and remanded, holding that the Plan Administrator’s

Telecommunications Employees Association of Manitoba Inc. and Others V ...

Court : Canada Supreme Court

Subject : Land Acquisition

that the transfer of assets from the Old Plan to the new pension plan would be reviewed by actuaries retained by the employee unions and an actuary retained by MTS, as well as the Old Plans actuary. … for pension plans (A.R., vol. VIII, at p. 39). Between 1997 and 2006, the CANSIM rate was more stable but on average lower than the … pension rights transferred to a new pension plan. The assets included a $43.364 million œactuarial surplus?. [2] An actuarial surplus occurs in a typical defined benefit pension trust fund when the assets in the trust fund exceed … 67 ultimately became the Reorg. Act. The Bill provided, in the only section devoted to employee benefits, that plan members would be deemed to consent