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Haryana Financial Corporation and anr. Vs. Jagdamba Oil Mills and anr.

Court : Supreme Court of India

Subject : Civil

Acts : State Financial Corporation Act, 1951 - Sections 29, 29(1) and 30; Industrial Financial Corporation Act, 1948; Constitution of India - Article 226

Reported in : AIR2002SC834; 2002(2)ALD89(SC); 2003(4)ALLMR(SC)808; I(2002)BC568(SC); [2002]110CompCas20(SC); (2002)3CompLJ8(SC); [2002(2)JCR53(SC)]; JT2002(1)SC482; (2002)2MLJ75(SC); (20; (2002) 3 SCC 496

their disposal unlimited funds. They have to cater to the needs of the intended borrowers with the available finance. Non-payment of the instalment by a defaulter may stand on the way of a deserving borrower getting financial … become thin, as pointed out by this Court as far back as 1970 in A.K. Kraipak V. Union of India [1969 (2) SCC 262]. Even … said instalment. As the respondent no.1 was a chronic defaulter in making payment of the instalments action under Section 29 of The State Financial Corporation Act, 1951 (in short 'the Act') was taken, after recalling the loan under

India Leather Corporation (P.) Ltd. Vs. Commissioner of Income-tax

Court : Chennai

Subject : Direct Taxation

Acts : Finance Act, 1970 - Sections 2(6); Income Tax Act, 1961 - Sections 80E, 147 and 256(1)

Reported in : (1989)77CTR(Mad)18; [1989]179ITR170(Mad)

the assessee-company was not an industrial company within the meaning of clause 2(6)(c) of Chapter II of the Finance Act, 1970 ?' 2. The assessee is a private limited company and the assessment year we are concerned with is … and a tannery at Tiruchy. The original assessment was completed on March 29, 1973, but on appeal, it was reduced to Rs. 6,95,620. Later, the … Ratnam, J.1. At the instance of the assessee under section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as 'the Act'), the following question has been referred

Lim Siew Bee Vs. Lim Boh Chuan and Another

Court : Singapore Supreme Court

Subject : Education

property, is intended to fall on the beneficiaries according to their respective interests. Under s 14(1) of the Finance Act 1894 a rateable part of such duty, paid by a person authorised to do so, may be recovered … is to be determined based on an analysis of the provisions of the Estate Duty Act (Cap 96, 1970 Rev Ed) ("the 1970 EDA"), which was in force at the time of the father's death. Factual background … and (iv)$310,443. 82 was paid out of funds from the father's estate. 29. D1 said that both administrators treated LTSE's payment of $1,902,550.59 towards estate … Cc Cash82,450.00 5to Mdm Lim Kim Luan, cash15,000.00$1,631,082.80 $4,218,037.03 Deduct Exemption under Section 14(2)(b) 100,000.00 $4,118,037.03 27. The prolonged and meandering correspondences between the Commissioner

B.S. Jayachandra Vs. Income-tax Officer and anr.

Court : Karnataka

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 2, 2(1), 2(14), 5, 10(1), 10(2), 45, 47, 54B and 59

Reported in : (1986)54CTR(Kar)342; ILR1987KAR1088; [1986]161ITR190(KAR); [1986]161ITR190(Karn)

and buildings and 35% where they relate to other assets. 30. Prior to the amendment made by the Finance Act, 1970, the definition of the term 'capital asset' in section 2(14) of the Income-tax Act, 1961, excluded from its … the same in these words : [1971]79ITR48(Cal) 'Capital gains arising from transfer of agricultural land in urban areas. 29. Capital gains arising from the transfer of a capital asset have been chargeable to income-tax for several years

Commissioner of Income-tax Vs. Chandrakant M. Tolia

Court : Chennai

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 28, 68, 143(3), 147, 271, 271(1), 274(1), 274(2), 275, 297 and 297(2)

Reported in : (1991)96CTR(Mad)117; [1992]195ITR593(Mad)

with effect from April 1, 1964. The Supreme Court decided Anwar Ali's case : [1970]76ITR696(SC) on April 29, 1970, i.e., six years after the introduction of the Explanation. Therefore, it is not correct to state that the … concealment in the present case should be levied under section 271(1)(c) read with the Explanation introduced by the Finance Act, 1964. 11. According to learned counsel for the assessee, the Explanation to section 271(1)(c) would not be applicable

K.S. Digvijaysinhji Vs. Commissioner of Wealth-tax, Rajkot

Court : Gujarat

Subject : Direct Taxation

Acts : Wealth Tax Act, 1957 - Sections 5, 5(1), 5(1A), 25(2) and 27(1)

Reported in : [1983]141ITR313(Guj)

included exceeds the limit shall be raised by the said amount.' 6. Sub-section (1A) was inserted by the Finance Act, 1970, with effect from April 1, 1971. Along with this sub-s. (1A), cls. (xxii) and (xxv), with which we

Eicher Tractors Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2003)84ITD49(Delhi)

the assessee, include also the rent paid in respect of such accommodation." 3. Section 37(4) was inserted by Finance Act, 1970, w.e.f. 1st April, 1970, and in the memo explaining the provisions the intention of the legislature is set … accommodation is situated, is accommodation in the nature of a guest-house within the meaning of Sub-section (4)." (i) Section 29 states that the income from profit and gams of business or profession shall be computed in accordance with

Karnataka State Financial Corporation Vs. Patil Dyes and Chemicals (P. ...

Court : Karnataka

Subject : Company

Acts : Companies Act, 1956 - Sections 2(11) ; 46(2), 231, 391, 443, 444, 446, 446(1), 446(2), 451, 456, 457, 457(1), 460, 483 527, 529, 529(1), 529(2), 529(3), 529A, 530 and 537; State Financial Corporation Act, 1951 - Sections 29 and 29(1)

Reported in : [1991]70CompCas86(Kar)

attached to the Companies (Amendment) Bill, 1985*, the following statement is found : 'Another announcement made by the Finance Minister in his Budget Government to introduce necessary legislation so that legitimate dues of workers rank pari passu … liquidation) by the official liquidator to KSFC and for leave and permission to sell the said assets under section 29 of the State Financial Corporations Act, 1951 (for short, 'the SFC Act'). The ground for making this application

E. Krishna and ors. Vs. Director General, Indian Council of Medical Re ...

Court : Andhra Pradesh

Subject : Labour and Industrial

Acts : Constitution of India - Article 12; Industrial Disputes Act - Sections 9-A

Reported in : (1993)IILLJ239AP

additional regular posts may be created to the barest minimum necessary with the concurrence of the Ministry of Finance. It further directed that regularisation of services of casual workers will continue to be governed by the instructions … approach the Labour Commissioner. As there is an efficacious alternative remedy under the Contract Labour (Regulation & Abolition) Act, 1970, a writ petition is not maintainable. He also contends that the writ petitions are liable to be dismissed … established legal position. The court also found that such a change offends Section 9-A of the Industrial Disputes Act and it is ab initio void.

M/s. Tata Engineering and Locomotive Co. Ltd. Vs. State of Maharashtra

Court : Mumbai

Subject : Sales Tax

Act, 1940 felt it necessary to apply the definition of a patent as defined in the Indian Patents Act, 1970. In CIT v. Bagyalakshmi and Co. 1965) 55 ITR 660 (SC), the Apex Court dealt with the power … to which the registration is subject. What is infringement of a registered trade mark is dealt with by section 29 and by sub-section (1), it is stated as to how the mark being used not by a registered … the amount of Rs.8,34,781/- as per hire purchase agreement dated 7.2.1996 hire financed in favour of Shri. Ajit Singh Bhimrao was liable to tax under