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Andhra Pradesh State Financial Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (1986)18ITD515(Hyd.)

financial corporations and he drew our attention in particular to the latest amendment to Section 36(1)(viii) by the Finance Act, 1985, wherein it has been clarified that the deduction is to be made without making any deduction under the … any deduction under this clause', was valid only prospec-tivcly and not retrospectively. Section 32A deals with investment allowance, Section 33 with development rebate and Section 33A with development allowance. As the Legislature was envisaging the contingency of the

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 … 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 … 1987 explained the modification in the provisions of s. 80-O at para 33.1 [168 ITR (St) 108] as under : "The basic purpose of this

Reliance Industrial Infrastructure Ltd. Vs. Jt. Cit

Court : Mumbai

Subject : Direct Taxation

Reported in : (2002)75TTJ(Mumbai)606

is only with effect from assessment year 1997-98 that the new provisions of section 145(2) substituted by the Finance Act, 1995, have come into operation which alone have empowered the Central Government to notify Accounting Standards to be … to the Maharashtra Sales Tax on the Transfer of the Right to use any Goods for any Purpose Act, 1985. It is pointed out that levy of lease tax is under section 4 of the above Act, which … been accepted by the Special Bench in (1998) 62 TTJ (Hyd) (SB) 33 : (1998) 65 lTD 17 (Hyd) (supra) and it is contrary to

State Bank of India Vs. V. Ramakrishnan

Court : Supreme Court of India

Subject : Land Acquisition

to cover the entire field with regard to the conduct of the chits and further that the State Finance Act 7 of 2002, introducing Section 4(1)(a) into the State 1975 Act, was void as the State Legislature was … had not been repaid. In particular, he pointed out Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, and stated that as a result of the said Section applying to guarantors as well, creditors could not … resolution plan under sub-section (1) of Section 31 or passes an order for liquidation of corporate debtor under Section 33, the moratorium shall cease to have effect from the date of such approval or liquidation order, as the

Modistone Limited Vs. Modistone Employeers' Union and Anr.

Court : Mumbai

Subject : Labour and Industrial

Acts : Maharashtra Recognition of Trade Unions and Prevention of Unfair Labour Practices Act, 1971- Sections 2(1), 3(16), 5, 10(3), 22, 23, 24(1, 2 and 5), 25(2, 3, 4 and 5), 25(T and U), 26, 28, 30(1 and 2), 32 and 39; Maharashtra Recognition of Trade Unions and Prevention of Unfair Labour Practices Rules, 1975 - Rule 23; Sick Industrial Companies (Special Provisions ) Act, 1985 - Sections 15 and 22(1); Industrial Disputes Act, 1947 - Sections 9A, 10, 10(1), 22, 23, 24-N, 25-M, N and O and 33-C(2)

Reported in : 2001(2)ALLMR607; 2001(3)BomCR436; (2001)2BOMLR851; [2001(89)FLR867]; (2001)ILLJ1598Bom

September 1997. In the first case, the Union representative entered in the cabin of the Manager (Accounts & Finance) in a threatening manner and asked him to make arrangement for canteen provision as he has allowed the … the Company being before the B.I.F.R. and declared sick on 15.4.98 under the Sick Industrial Companies (Special Provisions) Act, 1985? (3) Was the learned Single Judge right in denying wages to the employees from 8.10.1998 till 1.3.1999 2. … process of law. On 2.9.97, the Company issued the lockout notice under Section 24(2) of the M.R.T.U. & P.U.L.P. Act covering factory, central office, office … but the work was not provided. They filed an application under Section 33(c)(2) of the I.D. Act. The learned Single Judge relied upon the locus

Hdfc Bank Ltd. and anr. Vs. Kishore K. Mehta and ors.

Court : Mumbai

Subject : Civil

Acts : Presidency-Towns Insolvency Act, 1909 - Sections 9, 9(1), 9(2), 9(3) and 9(5); Recovery of Debts Due to Banks and Financial Institutions Act, 1994 - Sections 17, 17A, 17(1), 18, 19, 19(1), 19(4), 19(7), 19(12), 19(13), 19(17), 19(18), 19(19), 19(22), 20, 21, 22, 22(2), 23, 24, 25 to 30, 31A, 34, 34(1) and 34(2); Companies Act, 1956 - Sections 529A; Limitation Act; Income Tax Act, 1961; Industrial Finance Corporation Act, 1948; State Financial Corporations Act, 1951; Unit Trust of India Act, 1963; Industrial Reconstruction Bank of India Act, 1984; Sick Industrial Companies (Special Provisions) Act, 1985; Small Industries Development Bank of India Act, 1989; Uttar Pradesh Public Monies (Recovery of Dues) Act, 1972; Rajasthan Relief Undertakings (Special Provisions) Act, 1961; Ren

Reported in : 2008(6)BomCR340

shall be in addition to, and not in derogation of the Industrial Finance Corporation Act, 1948, the State Financial Corporations Act, 1951, the Unit Trust … of India Act, 1963, the Industrial Reconstruction Bank of India Act, 1984, the Sick Industrial Companies (Special Provisions) Act, 1985 and the Small Industries Development Bank of India Act, 1989.34. The Debts Recovery Tribunal (Procedure) Rules, 1993 prescribes … referred to in Article 3 of Schedule 1 of the Bombay Court Fees Act is the provisions of Section 33 of the 1940Act and bare comparison of that provision with the provisions of sub-section (1) of Section 34

Delhi High Court Bar Association and Another, Etc. Vs. Union of India ... Overruled

Court : Delhi

Subject : Banking

Acts : Constitution of India - Articles 14, 37, 42, 43, 50, 76, 123(3), 124 - 146, 136, 217(2), 226, 227, 233, 233(2), 264-231, 309, 311, 323A, 323B, 329-A, 245 and 248; Recovery of Debts Due to Banks and Financial Institutions Act, 1993 - Sections 1, 2, 3 and 19;Constitution of Tribunal outside - Sections 3, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 18, 19, 20, 21, 22, 25, 26, 27, 28, 30 and 31 - Articles 323A and 323B; Banking Regulation Act, 1949 - Sections 5 and 6; Companies Act, 1956 - Sections 4A; Indian Companies Act, 1913; Industrial Finance Corporation Act, 1948 - Sections 3; Industrial Development Bank of India Act, 1964 - Sections 3; Life Insurance Corporation Act, 1956 - Sections 3; Unit Trust of India Act, 1963 - Sections 3; Limitation Act, 1963 - Sections 24; Se

Reported in : 1995IAD(Delhi)1238; AIR1995Delhi323; II(1995)BC42; [1998]92CompCas849(Delhi)

the Industrial Reconstruction Bank of India Act, 1984 (62 of 1984) and the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986).'25. Section 33 gives power to the Central Government to remove difficulties, and under Section 36, … the Constitution was the notification dated 5 July, 1994 issued by the Central Government in the Ministry of Finance, Department of Economic Affairs, Banking Division, whereby, under S. 3 of the Act, Debts Recovery Tribunal, with the

Uoi and ors. Vs. Mangal Singh Rawat and anr.

Court : Delhi

Subject : Education

* IN THE HIGH COURT OF DELHI AT NEW DELHI % + Judgment Reserved on: August 07, 2013 Judgment Delivered on: August 27, 2013 W.P.(C) 8510/2011 UOI & ORS. Represented by: .....Petitioners Mr.Rajesh Katyal, Advocate versus...

Uoi and ors. Vs. Sansar Chand

Court : Delhi

Subject : Education

* IN THE HIGH COURT OF DELHI AT NEW DELHI % + Judgment Reserved on: August 07, 2013 Judgment Delivered on: August 27, 2013 W.P.(C) 8510/2011 UOI & ORS. Represented by: .....Petitioners Mr.Rajesh Katyal, Advocate versus...

Travancore Electro-chemical Industries Ltd. Vs. Commissioner of Income ...

Court : Kerala

Subject : Direct Taxation

Acts : Income Tax Act, 1961 - Sections 37, 80J, 214 and 246; Surtax payable under Companies (Profits) Surtax Act, 1964; Finance Act, 1974 - Sections 16

Reported in : [1995]214ITR195(Ker)

The disallowance was based on the provisions of Section 16(c) of the Finance Act, 1974. The provisions of Section 33 of the Income-tax Act allowing development rebate were operative only up to May 31, 1974, by virtue of … facts and in the circumstances of the case, and also on an interpretation of Section 16(c) of the Finance Act, 1974, is the assessee entitled to development rebate on the eight items listed in paragraph 2 of the