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Kothari Industrial Corporation Ltd. and Another Vs. Maxwell Dyes and C ...

Court : Chennai

Subject : Company

Acts : Companies Act, 1956 - Sections 61, 62, 73, 73(3), 81, 81(1) and (1A), 209A, 397 and 398

Reported in : [1996]85CompCas79(Mad)

payment of land value, if commercial production could be established before August, 1995. There is nothing illegal in the commencement of the beer project of … company for implementing the beer project was that 20 per cent. of the project cost is to be financed out of equity to be raised in hard foreign currency from non-resident Indians (NRIs) and foreign bodies corporate. … of the notice dated August 5, 1994, is as follows : 'Resolved that pursuant to the provisions of section 81(1A) and other applicable provisions, if any, of the Companies Act, 1956 (including any re-enactment thereof), and subject to

Videsh Sanchar Nigam Ltd. Vs. Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Subject : Direct Taxation

Reported in : (2008)111ITD190(Mum.)

for voice communication were, therefore, not intended by the legislature while amending the provisions of Section 80-IA by Finance Act, 1995.92. In view of the above discussion, it has to be held that voice communication through satellite, based

Godawari Steel Private Ltd. Vs. Union of India (Uoi)

Court : Mumbai

Subject : Excise

Acts : Central Excise Act, 1944 - Sections 11A

Reported in : 2003(157)ELT31(Bom)

that the capacity of 1051 MT was determined by the Commissioner after introduction of Section 81 by the Finance Act, 1997 and, therefore, the same could not be relevant or relied upon for the period of 1994-95 and … March, 1998 alleging that while the assessee had accounted for a quantity of 1168.465 MT and 554.540 MT 1995-96 during the year 1994-95 and 1995-96 respectively of the excisable goods and paid duty accordingly. On verification of

Bireswar Sirkar Vs. Collector of Central Excise and ors.

Court : Kolkata

Subject : Excise

Acts : Constitution of India - Articles 14, 19, 21 and 226; ;Gold Control Rules - Rule 126(1), 126(1) and 126M; ;Gold Control Act, 1968 - Sections 4, 68 and 78; ;General Clauses Act, 1897 - Section 6; ;Finance Act, 1995; ;Gold Control Ordinance, 1968; ;Defence of India Rules; ;Central Excise Act, 1944

Reported in : (2003)2CALLT523(HC),2003(162)ELT1170(Cal)

Their nomenclature have been changed, they have now been designated as the Commissioner of Central Excise by the Finance Act of 1995. The Collector of Central Excise and Customs does not exist, which used to be the adjudicating … by operation of Clause (e) of Section 6 of the General Clauses Act read with Sub-section (2) of Section 81 of Act is that, though the Act obliterates the operation of Act 7 of 1947, despite its repeal

Ranjit Narang. Vs. Income Tax Appellate Tribunal.

Court : Allahabad

Subject : Direct Taxation

Acts : Income Tax Act - Section 2(42A), 2(42B)

law:-"(A) Whether Explanation 1(i)(e) of Section 2(42A) of the Income Tax ACt, which has been inserted by the Finance Act, 1994 and has been brought into effect from 01.04.1995, can be applied to the facts and circumstances of … light of the fact that the Appellate was entitled to the rights option by operation of law under Section 81 of the Companies Act, 1956 by virtue of being a holder of equity shares of Ballarpur Industries Ltd."3.

Dr. Kamal K. Dutta and anr. Vs. Ruby General Hospital Ltd. and

Court : Company Law Board CLB

Subject : Land Acquisition

Reported in : (2000)2CompLJ289

petitioner as the respondent was residing in Calcutta. Till the end of 1995, nothing moved in the company without the knowledge/approval of the petitioner.However, by … the petitioner had also contributed about Rs. one crore in cash as share application money and had also financed about Rs. 3 crore for import of medical equipments (hereinafter referred to as 'equipments') for the hospital. The … the chief promoter of Ruby General Hospital, Calcutta, has filed this petition under Section 397/398 of the Companies Act, 1956 ('the Act'), alleging various acts of oppression and mismanagement in the affairs of the company. This company … pointed out that the company being a public company, provisions of Section 81(1)(a) of the Act should have been followed. He also pointed out that

Mange Ram Mittal Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Reported in : (2006)103ITD389(Delhi)

Parliament has enacted a separate Chapter XIV-B laying down special procedure for assessment of search cases by the Finance Act, 1995 with effect from 1st July, 1995. The fact that separate Chapter was inserted instead of any amendment of … Hissar, dt. 27th June, 1997 in the case of the assessee in relation to block assessment order under Section 158BC of the IT Act. This appeal has been assigned to us by the order of the Hon'ble … but could not trace even a single person.Some of the addresses like 817, 832, 837 Yeti Nagar were only vacant plots. The letters sent through

Premier Automobiles Ltd. Vs. Income Tax Officer and anr.

Court : Mumbai

Subject : Direct Taxation

Acts : Finance Act, 1999; Income Tax Act, 1961 - Sections 2(14), 2(42C), 45 to 50, 55 and 230A

Reported in : (2003)182CTR(Bom)202; [2003]264ITR193(Bom)

'slump sale' under Section 2(42C) was not there as that definition came on the statute book only under Finance Act, 1999, w.e.f. 1st April, 2000. The concept of slump sale initially was evolved under judge-made law which has … a P&L; a/c in which it disclosed a book profit of Rs. 81.31 crores from the slump sale dt. 6th Jan., 1995. The AO, however, … has filed this appeal under Section 260A of the IT Act, 1961. The appeal pertains to asst. yr. 1995-96. Facts 2. Premier Auto Ltd. is a company registered under the Companies Act, 1956, and is engaged in

N.K. Proteins Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Subject : Direct Taxation

Reported in : (2004)83TTJ(Ahd.)904

of black money and various other factors, The legislature in its wisdom has amended Section 40A(3) by the Finance Act, 1995 w.e.f. 1st April, 1996 which provides for disallowance of 20 per cent of such expenditure incurred otherwise than

Mange Ram Mittal Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Delhi

Subject : Direct Taxation

Parliament has enacted a separate Chapter XIV-B laying down special procedure for assessment of search cases by the Finance Act, 1995 with effect from 1-7-1995, The fact that separate Chapter was inserted instead of any amendment of existing provisions … Hissar Circle, Hissar, dated 27-6-1997 in the case of the assessee in relation to block assessment order under Section 158BC of the Income-tax Act. This appeal has been assigned to us by the order of the Honble … could not trace even a single person. Some of the addresses like 817, 832, 837 Yeti Nagar were only vacant plots. The letters sent through