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Dr. R. Kannan Vs. Union of India and Anr.

Court : Delhi

Subject : Land Acquisition

Rs.30,84,355/-. The demand/recovery notice was issued because as per the respondent no.2 the petitioner was not entitled to actuarial allowance of Rs.65,000/- per month from the date of his appointment on 18.12.2006 till it was paid for … Rs.30,84,355/-. The demand/recovery notice was issued because as per the respondent no.2 the petitioner was not entitled to actuarial allowance of Rs.65,000/- per month from the date of his appointment on 18.12.2006 till it was paid for … the petitioner is a statutory appointment which is made in terms of Section 4 of the Insurance Regulatory and Development Authority of India Act, 1999 … (2009) 3 SCC475 wherein this Court recorded the following observation in paragraph 58:"8. The relief against recovery is granted by courts not because of any

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. … this, the real losses for all the future years, say up to 58 or 60 years (in the case of those in service) or up … 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

Govt of Delhi and Others Vs. North Delhi Power Ltd. and Others

Court : Delhi

Subject : Land Acquisition

302, Indian Globe Chambers, 142, Fort Street, Off D.N. Road, Fort, Mumbai, incorporated under Section 3 of the Actuaries Act (which was enacted and received assent of the President on 27.8.2006 and was brought into force on 8.11.2006). … 55 followed by an analysis of the distinction between concepts of resignation, voluntary retirement and superannuation, in paragraphs 58 to 59 of the decision. 9. In the ultimate analysis, the learned Single Judge has held as under:-a.

itc Ltd. Vs. State of Uttar Pradesh and ors.

Court : Supreme Court of India

Subject : Civil

Acts : The U.P. Urban Planning And Development Act 1973 - Sections 41, 12, 7, 14, 30, 6, 19, 9, 18; Transfer of Property Act 1882 - Section 4; Contract Act - Sections 20, 21

as per the NOIDA Development Area Building Regulations and Directions, 1986 and 2006 (published in the Gazettes dated 01.12.1986 and 05.12.2006 respectively), hotels fall under … 45, 46, 47, 49, 50, 51, 53 and 58 of the Uttar Pradesh Urban Planning and Development … simply taking the aggregate of the `loss' over the future period as today's loss. There are well recognised actuarial methods to calculate the present value of a future loss. In fact, this is clearly recognized by NOIDA … Gautam Budh Nagar, Uttar Pradesh. The said Authority was constituted under the provisions of the U.P.Industrial Area Development Act, 1976 (`Act' for short) for development of an Industrial and Urban Township of Noida in Uttar Pradesh, neighbouring … 22.5.2007 directing the state government to exercise its power of revision under section 41(3) of the U.P. Urban Planning & Development Act, 1973 (for short

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. … retirement and the other for the period between 58 and 60 years - Pension is not a … 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

Houldsworth and Another (Respondents) Vs. Bridge Trustees Limited and ...

Court : UK Supreme Court

Subject : Land Acquisition

that the Member's VIP Interest was converted into pension using tables of factors periodically supplied by the Scheme actuaries and (as allowed for by article 8.1.5) paid direct from the Scheme; this is what is referred to … taken an unusual course. They began as Part 8 proceedings commenced in 2006 by Bridge Trustees Ltd ("the Trustee"), the independent corporate trustee of the … 18 to 33) and question (iii) in the negative (paras 34 to 58). 48. The Vice-Chancellor reached his conclusion on the third question on two … take the scheme outside the statutory definition of "money purchase benefits" in section 181 of the Pension Schemes Act 1993 ("PSA 1993") as applied for the purposes of section 73 of the Pensions Act 1995 ("PA 1995").

Scottish Widows plc (Appellant) Vs. Commissioners for Her Majesty's Re ...

Court : UK Supreme Court

Subject : MRTP

of Session, and now before this Court, creates a risk of getting lost in a labyrinth of abstractions. Actuaries, accountants and lawyers are trying to converse in the same language, but it is not easy going. It … Customs ("the Revenue") as to the tax consequences. 36. On 11 October 2006 the Company and the Revenue joined in making a referral to the … each fund to be carried forward to form 58. Form 58, which was headed "Valuation result and … ("the Company") and Her Majesty's Revenue and Customs ("HMRC") under para 31 of Schedule 18 to the Finance Act 1998: [2010] CSIH 47, 2010 SLT 885, 2010 STC 2133. The question that was referred to the Special … form 40 must be taken as falling within the scope of either section 83(2) or section 83(3) of the Finance Act 1989, as substituted by

Ntpc Ltd. Vs. Uttar Pradesh Power Corporation

Court : Central Electricity Regulatory Commission CERC

Subject : Land Acquisition

UPSEB and provision is made each year for all the employees (in service as well as retired) through actuarial valuation. Provisions/payments made during 2004-05 was Rs. 2.78 crores and total provision made by the petitioner as on … of moratorium period of loan in respect of Bonds, depreciation proportionate to the loan has been considered as actual repayment of loan. (d) Annual repayment of actual loan has been used to calculate normative repayment of loan. … by the petitioner as per IA 53/2005 are given hereunder:Particulars 2004-05 2005-06 2006-07 2007-08 2008-09Interest on loan 3784 3083 2379 1653 894Interest on WorkingCapital 1664 … Rs./KL 13550.00Weighted Average Price of Coal Rs./MT 1466.89Rate of Energy Charge from Section Fuel Oil Paise/kWh 4.74Heat Contributed from SFO kCal/kWh 34.58Heat Contributed from Coal … 2000-01 2001-02 2002-03Corporate expenses 28520.55 35182.72 35033.81Corporate expensesallocated 587.80 616.83 821.38to the generating 54. The petitioner has

Philips Electronics India Limited and anr. Vs. the Workmen of Philips ...

Court : Mumbai

Subject : Labour and Industrial

Acts : Industrial Disputes Act, 1947 - Sections 2, 2A, 2(S), 10(1) and 12(5); Maharashtra Recognised Trade Union and Prevention of Unfair Labour Practices Act; Income Tax Act, 1961; Constitution of India - Article 226

Reported in : 2007(3)ALLMR500; 2007(6)BomCR441; (2007)IILLJ786Bom

compensation. It is also alleged that the company assured the union about replacement of well known firm of Actuaries having long standing and established links with the company. Reference has been made to the promise given in … issue rendered by the Court below vide its order dated 30th September, 2006 is sought to be quashed and set aside. The Industrial Tribunal, Mumbai … the employees concerned in the proceeding are covered under the ambit of 'Workman' as per provisions of I.D. Act? (ii) Whether the grievance made on behalf of the employees is an 'Industrial dispute'? (iii) Whether the second … its order dated 12th April, 2005. Jurisdiction of the State Govt. Under Section 10(1) read with 12(5) of the Industrial Disputes Act, 1947 (for short

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 … dt. 27th Sept., 2000), Naval F. Pandole v. Jt. CIT ITA Nos. 5884-85/Mum/2000, Asstt. CIT v. Ashit M. Patel (2005) 96 TTJ (Mumbai) 439, Jt.