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Joseph Kuruvilla Vellukunnel Vs. the Reserve Bank of India and ors.

Court : Supreme Court of India

Subject : Commercial

Acts : Banking Companies Act, 1949 - Sections 22(2), 37(1), 38, 38(1), 38(3) and 39(4); Companies Act, 1956 - Sections 391, 392, 433, 450(2) and 583; Constitution of India - Articles 14, 19, 19(1), 32, 132(1) and 301; Reserve Bank of India Act, 1934 - 42(6); Indian Companies Act, 1913; Indian Companies (Amendment) Act, 1936; The Banking Companies Control Ordinance, 1948

Reported in : AIR1962SC1371; [1962]32CompCas514(SC); [1962]Supp3SCR632

'spread out into the rural interior of the State', and the main business of these banks was 'to finance the rural people engaged in a small business-crop raising, produce processing, transporting, vending, etc.' It was argued that … of India made an application in the High Court of Kerala under s. 38 of the Banking Companies Act, 1949 (10 of 1949) read with the Companies Act, 1956 (1 of 1956), for the winding up of … Hidayatullah, J.1. On August 8, 1960, the Reserve Bank of India made an application in the High Court … 19. The functions of the Reserve Bank were generally indicated in the preamble as the regulation of the issue of the Bank notes and the

Naveen Hotels Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT

Subject : Direct Taxation

of wealth-tax in the case of closely-held companies. - (1) Notwithstanding anything contained in s. 13 of the Finance Act, 1960 (13 of 1960), relating to exemption of companies from levy of wealth-tax under the WT Act, 1957 (27 … public sector financial institutions indicate that it was a business undertaking. In view of various clauses in the preamble to the agreement and also the findings of the Dy. CIT(A)'s order under s. 144A of the IT

Naveen Hotels Ltd. Vs. Deputy Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT

Subject : Land Acquisition

Reported in : (1997)57TTJ(Bang.)241

of wealth-tax in the case of closely-held companies. - (1) Notwithstanding anything contained in s. 13 of the Finance Act, 1960 (13 of 1960), relating to exemption of companies from levy of wealth-tax under the WT Act, 1957 (27 … public sector financial institutions indicate that it was a business undertaking. In view of various clauses in the preamble to the agreement and also the findings of the Dy. CIT(A)s order under s. 144A of the IT

Senairam Doongarmal Agency (P.) Ltd. and Others Vs. K.E. Johnson and O ...

Court : Guwahati

Subject : Direct Taxation

part of the Indian Income-tax Act, 1922. This provision was introduced by way of an amendment, by the Finance Act, 1956 (Act XVIII of 1956), which was enacted to give effect to the financial proposals of the Central … the Central Government for the financial year 1956-57, as seen from its preamble. Section 20 of that Act is as follows :"20. Substitution of new … August 7, 1961, in respect of the petitioners business for the assessment year 1959-60.In respect of the year 1960-61, the petitioner had duly filed the income-tax return and on or about the 8th January, 1962, the fourth … namely, whether section 37(2) of the Indian Income-tax Act è(Act XI of 1922), infringes the fundamental rights guaranteed by the Constitution of India in articles

Kesavananda Bharati Sripadagalvaru and ors.Vs. State of Kerala and anr ...

Court : Supreme Court of India

Subject : Constitution

Acts : Constitution of India - Articles 1, 2, 3, 4, 4(1), 4(2), 5, 6, 8, 9, 10, 12, 13, 13(1), 13(2), 13(3), 13(3), 13(3), 13(4), 14, 15, 15(1), 15(3), 15(4), 16, 16(2), 16(3), 16(4), 16(5), 17, 18, 19, 19(1), 19(1)(f), 19(2), 19(5), 19(6), 19(6), 20, 20(2), 21, 22, 22(1), 22(2), 22(3), 22(4), 23, 24, 25, 25(1), 25(2), 26, 26, 26, 27, 28, 29, 29(1), 29(2), 30, 30(1), 30(2), 31, 31, 31, 31(1), 31(2), 31(2A), 31(2B), 31(3), 31(4), 31(5), 31(5), 31(6), 31A, 31A(1), 31A(2), 31B, 31C, 32, 32(1), 32(2), 32(4), 33, 34, 35, 35, 37, 38, 39, 39(B), 39, 39, 39(C), 40, 41, 42, 43, 44, 45, 46, 46(1), 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 56(1), 59, 60, 61, 61(1), 62, 64, 66, 68, 69, 72, 73, 73(1), 73(2), 74, 75, 75(1), 75(4), 76, 76(2), 77(2), 79, 83, 83(2), 85, 85(1), 88, 89, 100, 102(1), 103(1), 103(3)

Reported in : AIR1973SC1461; (1973)4SCC225; [1973]SuppSCR1

Union and the States; Chapter I regulating legislative relations and Chapter II administrative relations.170. Part XII deals with Finance, Property, Contracts and Suits. We need only notice Article 265 which provides that "no tax shall be levied … Parliament, e.g., Ceylon Independence Act, 1947, Ghana Independence Act, 1957, Federation of Malaya Independence Act, 1957, Nigeria Independence Act, 1960, Sierra Leone Independence Act, 1961, Tanganyika Independence Act, 1961, Southern Rhodesia Act, 1965, Jamaica Independence Act, 1962.182. I … noble and grand vision. The vision was put in words in the Preamble and carried out in part by conferring fundamental rights on the people. … 1. I propose to divide my judgment into eight parts. Part I will

Bhagavathy Tea Estates Ltd. and ors. Vs. State of Kerala and ors.

Court : Kerala

Subject : Direct Taxation

Acts : Kerala Plantation Tax Act, 1960; Kerala Finance Act, 1987 - Sections 3; Finance Act, 1987

Reported in : [1989]179ITR508(Ker)

is useful to bear in mind some well recognised statutory practices in relation to the taxation statutes. The Finance Act, passed later, can act and affect the citizens in retrospect. In relation to the income of a previous … attention of administrators including the tax-gatherers.2. Plantation tax was imposed in the State by the Kerala Plantation Tax Act, 1960 (Act 17 of 1960).3. Law-making has its own complexities. This enactment also had its share. The legislation was … enactment for the financial year 1987. The budget proposals declared it. The preamble proclaims it.23. Even with the avowed purpose, it may fall short of … K. Sukumaran, J. 1. Plantations in Kerala play a prominent role in the economy of the

Master Balachandar Krishnan Vs. The State Of Karnataka

Court : Karnataka

Subject : Education

India Society (hereinafter referred to as “the Society” for the sake of brevity) under the Karnataka Societies Registration Act, 1960. The object of the said Society, inter alia, was establishing, maintaining and developing a -:15. :- teaching and … institution for legal studies namely, respondent/Law School. That a reading of the preamble of the Act would clearly demonstrate that the respondent/Law School was conceived … Joshi vs. State of Madhya Bharat, [AIR1955SC334, (D.P. Joshi) as well as Dr.Pradeep Jain to contend that where finances are spent by the State Government for up-keeping and maintenance of educational institutions within its borders, the State … INDIA, MINISTRY OF HUMAN RESOURCES DEVELOPMENT, DEPARTMENT OF -:2. :- HIGHER EDUCATION, 127-C, SHASTRI BHAWAN, NEW DELHI - 110 001 REP. BY ITS SECRETARY.3. THE

Mr Satyajit Sarna Vs. State Of Karnataka

Court : Karnataka

Subject : Education

India Society (hereinafter referred to as “the Society” for the sake of brevity) under the Karnataka Societies Registration Act, 1960. The object of the said Society, inter alia, was establishing, maintaining and developing a -:15. :- teaching and … institution for legal studies namely, respondent/Law School. That a reading of the preamble of the Act would clearly demonstrate that the respondent/Law School was conceived … Joshi vs. State of Madhya Bharat, [AIR1955SC334, (D.P. Joshi) as well as Dr.Pradeep Jain to contend that where finances are spent by the State Government for up-keeping and maintenance of educational institutions within its borders, the State … INDIA, MINISTRY OF HUMAN RESOURCES DEVELOPMENT, DEPARTMENT OF -:2. :- HIGHER EDUCATION, 127-C, SHASTRI BHAWAN, NEW DELHI - 110 001 REP. BY ITS SECRETARY.3. THE

Bar Council Of India Vs. State Of Karnataka

Court : Karnataka

Subject : Education

India Society (hereinafter referred to as “the Society” for the sake of brevity) under the Karnataka Societies Registration Act, 1960. The object of the said Society, inter alia, was establishing, maintaining and developing a -:15. :- teaching and … institution for legal studies namely, respondent/Law School. That a reading of the preamble of the Act would clearly demonstrate that the respondent/Law School was conceived … Joshi vs. State of Madhya Bharat, [AIR1955SC334, (D.P. Joshi) as well as Dr.Pradeep Jain to contend that where finances are spent by the State Government for up-keeping and maintenance of educational institutions within its borders, the State … INDIA, MINISTRY OF HUMAN RESOURCES DEVELOPMENT, DEPARTMENT OF -:2. :- HIGHER EDUCATION, 127-C, SHASTRI BHAWAN, NEW DELHI - 110 001 REP. BY ITS SECRETARY.3. THE

Saurashtra Khandsari Manufacturers Association and ors. Vs. Sales Tax ...

Court : Gujarat

Subject : Sales Tax

Reported in : (1975)16GLR610

1960), which is hereinafter referred to as 'Bombay Act of 1960.' The preamble of this Act shows that it was put in the statute book … Gujarat Sales Tax Act, 1969 (Guj. I of 1970), the Government, of Gujarat hereby amends the Government Notification, Finance Department No. (GHN-627)-GST-1073/fS.49)-TH dated the 29th April, 1970 as follows, namely:In the Schedule to the said notification for … under:1. Purchases by the Gujarat Rajya Khadi and Gramodhyog Board established under the Bombay' Khadi & Village Industries Act, 1960, which under Sub-section (2) of Section 18 is deemed to be a registered dealer of sugarcane for use