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Petroleum India International Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2000)241ITR43(Mum.)

into force." The Finance Act, 1984, reduced the quantum of deduction to 50 per cent w.e.f. 1st April, 1985. The CBDT Circular No. 387, dt. 6th July, 1984 (Chaturvedi & Pithisaria Compendium of Circulars Vol. 1 p. … incorporated mainly to encourage earning of the foreign exchange, inviting our attention to the relevant notes to the Finance Act, 1967, the learned counsel contended that s. 85C granted the deduction till asst. yr. 1972-73 when s. 80-O … Consulting Bureau (P) Ltd. vs. CIT (1991) 189 ITR 346 (Bom); and 25. Our attention was also invited to the decision of the Kerala High … s. 80-O. It was reiterated that s. 80-O is a stand alone section.Referring to the decision of the Supreme Court in the case of Distributors

M/S. Kotak Mahendra Finance Limited Vs. M/S. Deve Paints Limited

Court : Mumbai

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 22(1) and 27; Companies Act, 1956 - Sections 16, 17 and 25; Sick Industrial Companies (Special Provisions) Amendment Act, 1993 - Sections 22(1)

Reported in : AIR1997Bom401; 1997(3)ALLMR678; 1997(4)BomCR229; (1997)3BOMLR233; 1997(3)MhLj326

85/97 and 86/97 have been preferred by original defendant M/s. Kotak Mahendra Finance Limited, while appeal Nos. 87-97 and 88/97 have been filed by original … the Board for Industrial & Financial Reconstruction (BIFR) under, the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985. On 25-9-1995 the BIFR declared the lessee company as a sick unit and appointed the Industrial Development Bank … 17 is under preparation or consideration or a sanctioned scheme is under implementation of where an appeal under Section 25 relating to an industrial company is pending, then, notwithstanding anything contained in the Companies Act, 1956 (1 of

Mr. S.M. Singhvi Vs. Bestavision Electronics Ltd.

Court : Delhi

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 15 to 19, 22, 22(1) and 25; Companies Act, 1956

Reported in : III(2003)BC124; [2004]118CompCas742(Delhi); 105(2003)DLT126; 2003(71)DRJ36; [2003]46SCL183(Delhi)

winding up petition is not maintainable by virtue of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA for short). This question has already generated several decisions by the Apex court but the nodes appears … 17 is under preparation or consideration or a sanctioned scheme is under implementation or where an appeal under section 25 relating to an industrial company is pending, then, notwithstanding anything contained in the Companies Act, 1956 (1 of … be realised that in the modern industrial environment large industries are generally financed by banks and statutory corporations created specially for that purpose and if

Krishna Texport Industries Ltd. Vs. Dcm Limited

Court : Delhi

Subject : CompanyBanking

Acts : Negotiable Instruments Act, 1881 - Sections 2, 138, 141 and 542; Income Tax Act; Foreign Exchange Control Act; Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 2(1), 16, 17, 22, 22(1) and 25; State Finance Corporation Act, 1951 - Sections 29 and 31; Companies Act, 1913 - Sections 179; Provident Fund Act; Code of Criminal Procedure (CrPC) - Sections 482; Companies Act, 1956 - Sections 5, 10, 179(457), 391, 391(1), 391(2), 391(6), 433, 442, 446, 446(1), 446(2) 446(3), 454, 454(5A), 454(5), 457, 545, 621, 633 and 633(2)

Reported in : IV(2008)BC627; [2008]114CompCas113(Delhi); (2008)4CompLJ177(Del); 150(2008)DLT259; 2008(104)DRJ101; [2009]89SCL151(Delhi)

whether the remedy provided in Section 29 or 31 of the State Finance Corporation Act, 1951 could be pursued notwithstanding the ban contained in Section … and Anr. : 2000CriLJ1424 . The question arose whether Section 2(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 (in short SICA) declaring out a sick company could bar the institution of criminal complaint against the company … referred to under Section 17 or during implementation of a sanctioned scheme or pendency of an appeal under Section 25, no proceedings for winding up of the industrial company or for execution, distress or the like against any

Gajraj and Others Vs. State of U.P. and Others

Court : Allahabad

Subject : Land Acquisition

no plan has been got approved by National Capital Regional Planning Board under National Capital Planning Regional Board Act 1985. Reliance of interim order passed in writ petition no.17068 of 2009 dated 7th August, 2009 was placed which … booked units in the Eco village I project. Out of these 4471 bookings, about 65-70% bookings have been financed by banks/financial institutions and amount of Rs. 67.74 crores have been given towards booking amount. Construction at the … petition No. 37443 of 2011 challenges the notifications dated 12.3.2008 issued under section 4 read with Sections 17(1) and 17(4) of Land Acquisition Act and … the petitioners relied on another Division Bench judgment of this Court dated 25.11.2008 in writ petition No. 45777 of 2008 Harish Chand and others Vs.

Commissioner Of Central Excise Raipur Vs. M/s Sepco Electric Power Con ...

Court : Supreme Court of India

Subject : Service Tax

Central Excise, Raipur to the respondent under Section 73 read with Sections 65, 66 and 68 of the Finance Act, 1994 demanding the service tax along with interest under Section 75 and for imposition of penalty under Sections … these terms separately in sections 90, 94, 137 Explanation and 159. In Companies Act, 2013, sections 2(49(, 7, 25, 215 and 341, the expressions firm and company/body corporate have been used side by side. In other enactments,

industrial Development Corporation Orissa Limited and anr. Vs. Regiona ...

Court : Orissa

Subject : Labour and Industrial

Acts : Sick Industrial Company's (Special Provisions) Act, 1985 - Sections 22, 22(1) and 25; Employees' Provident Fund Act, 1952; Miscellaneous Provisions Act; Companies Act, 1956 - Sections 4 and 34

Reported in : [2002]112CompCas527(Orissa); [2002(92)FLR945]; 2001(II)OLR593

stand abated till final decision is taken by the Board of Industrial Finance and Reconstruction under the SIC Act in view of the provision of … Industrial and Financial Reconstruction (hereinafter called 'B.I.F.R.') and under the provisions of the Sick Industrial Company's (Special Provisions) Act, 1985, declared the company as a sick unit by order dated 25.9.1996, copy of which is Annexure-1. The BIFR … of the Sick Industrial Company's (Special Provision) Act. However, the petitioners preferred appeal before the Appellate Authority under Section 25 of the Act, which is pending adjudication. Prayer has been made in that appeal to set aside the

Fusion Engineering Products Limited Vs. State of Bihar and ors.

Court : Patna

Subject : SicaSales Tax

towards payment of its sales tax dues, in purported exercise of powers under Section 27 of the Bihar Finance Act, 1981. CWJC No. 3221 of 1997 (R) relates to the period 1989-90 and the amount involved in Rs. … has been declared as a sick industrial company under the provision of the Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as the Sick Industrial Companies Act or SICA). For its rehabilitation the Board for Industrial … 17 is under preparation or consideration or a sanctioned scheme is under implementation or where an appeal under Section 25 relating to an industrial company is pending, then, notwithstanding anything contained in the Companies Act, 1956 (1 of

The India Cements Ltd Vs. Commissioner of Central Excise

Court : Chennai

Subject : Excise

is engaged in the manufacture of cement and clinker falling under Chapter 25 of Central Excise Tariff Act, (CETA) 1985. Admittedly, the assessee availed the … the assessee/appellant herein placed reliance on the circular No.276/110/96-TRU dated 2.12.1996, wherein, the Government of India, Ministry of Finance (Department of Revenue), Tax Research Unit, New Delhi, specifically pointed out the scope of Clause (d) of Explanation … in sub rule (1), - (a)... (b)... (d)following goods falling within the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and used in the factory of the manufacturer- (i) all goods falling under heading Nos.84.02, … No.1, Williams Road, Cantonment, Trichy-1. .... Respondent Civil Miscellaneous Appeal filed under Section 35G of the Central Excise Act, 1944 against the final order No.1028/2004

Mittal Steels Ltd. and anr. Vs. Appellate Authority for Industrial and ...

Court : Karnataka

Subject : SICA

Acts : Sick Industrial Companies (Special Provisions) Act, 1985 - Sections 3(1), 15, 17(3) and 18; Constitution of India - Article 227

Reported in : IV(2004)BC497; [2004]118CompCas661(Kar); [2004]56SCL92(Kar)

a fully tied up comprehensive rehabilitation proposal indicating clearly the means of finance in response to the advertisement with or without induction of a resourceful … respect of the reference made by the petitioner-company under Section 15 of the Sick Industrial Companies (Special Provisions) Act, 1985. The petitioners complain that the proposal placed before the Board in the form of reference by the board … within two months positively.'6. The petitioner-company being aggrieved with these directions had appealed to the Appellate Authority under Section 25 of the Act. The Appellate Authority having dismissed the appeal as per its order dated August 28, 2000,