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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 … Wilberforce said in Farrell v Alexander [1977] AC 59, 73 that self-contained statutes, whether consolidating previous law … ("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

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 … Civil Service Superannuation Amendment Act, S.M. 1989-90, c. 59, in force March 15, 1990). The purpose of … 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

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). … 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. The purport,

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 … 1993 is a consolidating statute and in Farrell v Alexander [1977] AC 59 the House of Lords gave a firm warning against going behind, or … 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").

Bses Rajdhani Power Ltd. Vs. Delhi Electricity Regulatory Commission a ...

Court : Appellate Tribunal for Electricity APTEL

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). … view in the matter. We recommend that the Commission frames appropriate regulations for future guidance in such matters. 59) In addition to the above disallowance of capital expenditure, the Commission has further disallowed other expenditures on account

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 … year 35 105 175 245 315Net loan-Opening 665 595 525 455 385FERV 0 0 0 0 0Addition/Drawl

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 … Officer has no jurisdiction to decide the matter. 59. The Judgement of learned Single Judge in the … 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

Chhattisgarh State Power Distribution Co. Ltd., Raipur Rep. by Its Sup ...

Court : Appellate Tribunal for Electricity APTEL

Subject : Education

the Tariff Order for the FY 2005-06. On 17.02.2006 the Tariff Regulations, 2006 were issued which came into effect on 1.03.2006. The Tariff Orders for … the Pension and Gratuity Fund Trust has been more than the payments made to the pensioners. Further, no actuarial valuation of the fund has been carried out Pay Commission were announced, due to which the fund requirements … burdened by unfunded contributions of the past. The State Commission ought to have allowed the amounts that were actually provided for, or paid or allowed, whichever was higher, for each of the years so that the fund … expenditure. 12.4 Let us first discuss the jurisdictional issue. 12.5 According to Section 131 of the Electricity Act, 2003, with effect from the effective date … have made the allocation in the ratio of 59:19:25 between Generation, Transmission and Distribution Companies respectively based

thermax Babcock and Wilcox Ltd. Vs. Addl. Commissioner of It, Spl.

Court : Income Tax Appellate Tribunal ITAT Pune

Subject : Direct Taxation

Reported in : (2008)304ITR130(Pune.)

year 94-95 vide ITA No. 1168/PN/97, consolidated order being dated 17^th March, 2006. The Id counsel for the assessee has also placed reliance on the … 5. The ld CIT (A) erred in confirming addition of Rs. 13,16,256/- being leave encashment provision which was actuarially valued in accordance with the accepted accounting practice and mandatory accounting standard (AS 15) regularly followed by the … the CIT(A)'s order dt 8.1.2001 in the matter of an assessment made Under Section 143(3) of the Income-tax Act, 1961 (hereinafter referred to as the Act) for the assessment year 97-98. 1. The Id CIT (A) erred … to Rs. 15,38,030/- as against deduction quantified by the assessee at Rs. 59,52,000/-. The various specific items relevant for the purpose of determining the assessee's

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. … computed in the manner laid down in this Act". Sections 15 to 59 of the IT Act lay down the rules for computing income for … 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