Karnataka Court June 1982 Judgments
Mysore Breweries Ltd. Vs. Commissioner of Income-tax
Court: Karnataka
Decided on: Jun-10-1982
Reported in: (1987)64CTR(Kar)288; [1987]166ITR723(KAR); [1987]166ITR723(Karn); [1986]29TAXMAN1(Kar)
M.M. Venkatachaliah, J. 1. In this petition by the assessee, Mysore Breweries Limited, under section 256(2) of the Income-tax Act, 1961, ('Act' for short), the assessee contents that a question of law does arise out of the appellate order of the Income-tax Appellate Tribunal, Bangalore Bench, Bangalore, in ITA No. 320/Bom/1978-79 on its file and that accordingly the Tribunal be directed to state a case and refer the following question, said to be one of law, for the opinion of this court : 'Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in the holding that secured and unsecured loans have to be deducted from the assets in the computation of capital base for the purpose of reckoning the relief due under section 80J of the Income-tax Act, 1961, for 1975-76 assessment?' 2. The proceedings relate to the assessment year 1975-76. The point for consideration is whether for purposes of computation of the capital bases under section 80J of th...
Tag this Judgment!The Oriental Fire and General Insurance Co. Ltd. Vs. M.C. Shashidhara ...
Court: Karnataka
Decided on: Jun-10-1982
Reported in: II(1984)ACC168
G.N. Sabhahit, J.1. These appeals are directed, against the judgment and awards, dated 30-9-1980, passed by the Motor Accidents Claims Tribunal, Chickmagalur, in M.V.C. Nos. 10 and 14 of 1979, on his file, awarding compensation of Rs. 43,000/- in the case of injured and Rs. 49,000/- in the case of death.2. M.F.A. Nos. 482 and 483/1981 are instituted by the Insurance Company, against the awards passed in M.V.C. Nos. 10 and 14 of 1979 challenging its liability to pay compensation. M.F.A. 1788 and 1849 of 1981 are instituted by the owner, against the awards passed in M.V.C. Nos. 10 and 14/1979. According to them the entire compensation shall be, if at all they are liable, should be added on the Insurance Company. They also contended that the compensation awarded in each case is very much on the higher side. The owner has also challenged the finding given by the Tribunal with regard to the actionable negligence.3. On 12-10-1978, at about 11 a.m., the Van bearing No. MYC 601 met with an acc...
Tag this Judgment!Powar and Powar and ors. Vs. C.B.C.i. Society for Medical Education
Court: Karnataka
Decided on: Jun-09-1982
Reported in: AIR1983Kant77; 1982(2)KarLJ332
Sabhahit, J.1. This appeal under Section 39(1)(v) of the Arbitration Act, 1940, by defendants 1 to 3 before the Principal Civil Judge, Bangalore District, Bangalore, is directed against the order dated 22-3-1978, passed by the Principal Civil Judge, Bangalore District, Bangalore, on I.A.No.II in Original Suit Number 165 of 1977, on his file, rejecting I.A.No.II for stay of proceedings in the suit viz., Original Suit No.165 of 1977.2. When the appeal came up for hearing, Shri S.G. Sundaraswamy, learned Advocate appearing for the respondent; raised a preliminary objection that this appeal instituted under Section 39(1)(v) of the Arbitration Act lies before a single Judge of this court and not before a Division Bench.3. That was resisted by Shri V. Krishnamurthy, learned Advocate appearing for the appellants. He submitted that having regard to the peculiar wordings of Section 39(1) of the Arbitration Act, the appeal lies only to a Division Bench of this court which is competent to hear ap...
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