Judgment Search Results Home > Cases Phrase: bronze coin legal tender act 1918 preamble 1 bronze coin legal tender act 1918 Page 10 of about 741 results (0.149 seconds)

Fry (inspector of Taxes) Vs. Jones (inspector of Taxes)

Court : House of Lords

..... the company as landlords, instead of on the various individual tenants who are the occupiers, in accordance with rule 8 (c)(i) of section 7 of schedule a of the income tax act, 1918, which provides for the assessment of landlords instead of tenants in the case of any house or building let in different apartments and tenements and occupied by different persons severally, and ..... appeal is whether the company in thus letting the premises owned by it is carrying on a trade within the meaning of the rule applicable to case i of schedule d of the income tax, 1918, and is therefore liable to be charged under that schedule in respect of the gains and profits of that trade, the crown contending that in that case they would be liable to bring into ..... within the administrative county of london the annual value with respect to schedules a and b is by section 45 of the valuation (metropolis) act, 1869, to be deemed to mean the gross value stated in the valuation list under that act and by section 4 gross value means " the annual rent ' which a tenant might reasonably be expected taking one year with another to pay ..... the existence of ancillary activities which produce profits taxable under schedule d can affect the nature of the operation or how the legal significance of the perception is altered for the purpose of income tax if the recipient is a limited company rather than an ..... act of 1842 peaks in preamble of the several rates and duties mentioned in the several schedules contained in the act .....

Jaypee Kensington Boulevard Apartments Welfare Association Vs. Nbcc (i ...

Court : Supreme Court of India

..... cash. the payment, for the purpose of section 30(2)(b) of the code, would only be in terms of money or a legal tender; and it is entirely impermissible for a resolution applicant to pay such liquidation value to the dissenting financial creditor in kind, unless the latter ..... association of homebuyers cannot maintain a challenge to the resolution plan and cannot be treated as a dissenting financial creditor or an aggrieved person; the question of violation of the provisions of the real estate (regulation and development) act, 2016 308 does not arise; the resolution plan in question is not violative of the mandatory requirements of the cirp regulations; and when the resolution plan comprehensively deals with all the assets and ..... (1), the resolution professional shall undertake the following actions, namely:- (a) take immediate custody and control of all the assets of the corporate debtor, including the business records of the corporate debtor; (b) represent and act on behalf of the corporate debtor with third parties, exercise rights for the benefit of the corporate debtor in judicial, quasi-judicial or arbitration proceedings; (c) raise interim finances subject to the approval of the ..... . the preamble reads as under: - an act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons, to promote entrepreneurship .....

Sinking Fund Cases

Court : US Supreme Court

..... the provisions of this act, issue to said company bonds of the united states of $1,000 each, payable in thirty years after date, bearing six percentum per annum interest (said interest payable semiannually), which interest may be paid in united states treasury notes or any other money or currency which the united states have or shall declare lawful money and a legal tender, to the amount ..... having any claim upon said sinking fund may be entitled thereto in due order; but the provisions of this section shall not operate or be held to impair any existing legal right, except in the manner in this act provided, of any mortgage, lien, or other creditor of any of said companies respectively, nor to excuse any of said companies respectively from the duty of discharging, out ..... pacific railroad company, and any other company authorized to participate in the construction of said road, may, on the completion of each section of said road, as provided in this act and the act to which this act is an amendment, issue their first mortgage bonds on their respective railroad and telegraph lines to an amount not exceeding the amount of the bonds of the united states, and ..... the exercise of any such power were adopted in the language of the preamble accompanying them, when presented to the states, "in order to prevent ..... in the first place, one of the objects of the constitution, expressed in its preamble, was the establishment of justice, and what that meant in its relations to contracts is not left, .....

Eisner Vs. Macomber

Court : US Supreme Court

..... when earnings "are received by the stockholder," whereas he has received none; that the profits are "distributed by means of a stock dividend," although a stock dividend distributes no profits; that, under the act of 1916, "the tax is on the stockholder's share in corporate earnings," when in truth a stockholder has no such share, and receives none in a stock dividend; that "the profits are segregated ..... legal tender decision was overruled in part two years later (1870), legal tender ..... that, among financiers and investors, the distribution of the stock, by whichever method effected, is called a stock dividend; that the two methods by which accumulated profits are legally retained for corporate purposes and at the same time distributed as dividends are recognized by them to be equivalents, and that the financial results to the corporation and to ..... make notes legal tender seems to ..... and virtually abandoning the contention that a stock dividend increases the interest of the stockholder or otherwise enriches him, insisted as an alternative that, by the true construction of the act of 1916, the tax is imposed not upon the stock dividend, but rather upon the stockholder's share of the undivided profits previously accumulated by the corporation, the tax being ..... have been employed may be illustrated by the action in this respect (as reported in moody's manual, 1918 industrial, and the commercial and financial chronicle) of some of the standard oil companies since the disintegration pursuant ..... 1918 .....

Jayant Verma . Vs. Union of India

Court : Supreme Court of India

..... the committee are dismayed to know that the department has not paid any heed to the recommendation of the committee to scrap section 21 (a) of banking regulation act, 1949 which hinders the provision of usurious loans act, 1918 under which it was, inter alia, provided that the total amount of interest on a loan taken by a farmer could not be higher than the original capital ..... the special machinery of a tribunal which has been constituted as per the preamble of the act, for expeditious adjudication and recovery of debts due to banks and financial institutions and for matters connected therewith or incidental thereto would squarely fall within the ambit of entry ..... is the inference which the judge draws from the direct or perceptible facts; (ii) statements of the principles of law applicable to the legal problems disclosed by the facts; and (iii) judgment based on the combined effect of (i) and (ii) above. ..... ) 2 all er38 it was laid down that the ratio decidendi may be defined as a statement of law applied to the legal problems raised by the facts as found, upon which the decision is based. ..... the the english legal 95 the only thing in a judge s decision binding a party is the principle upon which the case is decided and for this reason it is important to analyse a decision and isolate ..... -running documents wherein the borrowers fill in the blanks, at times without caring to read what has been provided therein, and bind themselves by the stipulations articulated by the best of legal brains. .....

Independent Thought Vs. Union of India

Court : Supreme Court of India

..... , and as pointed out by sakshi before the lci, the husband of a girl child does not have the liberty and freedom under the ipc to commit a lesser sexual act with his wife, as for example, if the husband of a girl child assaults her with the intention of outraging her modesty, he would be punishable under the provisions ..... karnataka, if a husband has sexual intercourse with his wife aged below 18 years, since such marriage would be void ab initio, the wife cannot be treated to be a legal wife and, therefore, the husband cannot get the benefit of exception 2 to section 375 ipc whereas in rest of the country he would be entitled to the benefit of ..... reasons of the pocso show, this act was enacted as a special provision for protection of children, with a view to ensure that children of tender age are not abused during ..... . the preamble to the pocso act states that it was enacted ..... . finally, the preamble also provides that sexual exploitation and sexual abuse of children are ..... . the preamble to the pocso act also recognizes that it is imperative that the law should operate in a manner that the best interest and well being of the child are regarded as being of paramount importance at ..... . the preamble to our constitution brings out our commitment to social justice, but unfortunately, this petition clearly brings out that social justice laws are not implemented in ..... . the preamble recognizes that the best interest of a child should be secured, a child being defined under section 2(d) .....

Mcgahey Vs. Virginia

Court : US Supreme Court

..... 681 in the state shall be paid in coin, legal tender notes, or national bank bills, and if coupons shall be tendered in payment thereof, they shall be received by the officer for identification by the proceedings prescribed in the act of 1882, but no license shall issue to the applicant, nor shall he have the right to conduct business or pursue his profession until said coupons have been verified in the manner prescribed by said act, and by another act, passed february 27, 1886, it was declared that after ..... from bonds of the commonwealth issued under the act of 1871 in payment of any such taxes, debts, and demands, the person to whom such papers were tendered should receive the same, giving the party tendering a receipt stating that he had received the same for the purpose of identification and verification, but that he should at the same time require such taxpayer to pay his taxes in coin, legal tender notes, or national bank bills, and give him ..... the suggestion upon which this law was based, as recited in the preamble thereof, was that many spurious, stolen, and forged bonds were in circulation, which made it imprudent to receive coupons in payment of taxes without an investigation first had with regard to their genuineness and validity. .....

Protap Chandra Deo Dhanbal Deb Vs. Sri Raja Jagadish Chandra Deo Dhaba ...

Court : Kolkata

Reported in : AIR1925Cal116

..... or attempted to make an alienation in contravention of sub-section (1); and(5) if he is satisfied after enquiry that such holder has made or attempted to make any such alienation, he may report to the commissioner requesting that the provisions of the act be re-applied to his case, and the commissioner may publish a fresh order under section 2 re-appointing a manager and vesting in him the management of the whole or any portion of the property of such holder.94. ..... at the time when satrughna made his will (11th may 1905) the estate had not come under the act, but it was so at the time of his death (1st march 1916) and so continued subsequently up to october 1920, section 3 (thirdly) of the act provides that 'so long as such management continues the holder of the said immovable property and his heir shall be incompetent to mortgage, charge, lease, or alienate their immovable property or any ..... the principle of ejusdem generis has been stated in beal on cardinal rules of legal interpretation, 3rd edition, page 355, thus:general words in a statute are prima facie to be taken in their usual ..... 41, observed: ' the preamble is material for it defines the purpose of the measure as the provision of relief to holders of land in chota nagpur who may be in debt and whose immovable property may be subject to mortgages, charges and ..... documents were produced in the court below, but it is said they were not tendered in evidence owing to inadvertence. ..... 1918 ..... 1918 ..... pillai [1918] 7 ..... pillai [1918] 7 ..... 1918 .....

Sri Annapurna Cotton Mills Ltd. Vs. Commissioner of Income-tax, West B ...

Court : Kolkata

Reported in : [1964]54ITR592(Cal)

..... the purchase of the undertaking, it was in the nature of revenue payment and not a capital payment.therefore, in my opinion, even the principle of the texas case founded on sub-clause (f) of rule 3 of schedule d of the english act could not have and as no application in a case where the commission is payable in perpetuity.the provision for payment of commission in the case before us may now be examined and then considered in the light of the judicial pronouncements ..... must be taken to have formed a part of the capital assets of the company and the commission paid in connection therewith is expenditure of a capital nature and not allowable as revenue expenditure under section 10(2)(xv) of the income-tax act.in order to support these propositions, a number of cases have been cited, some of which, i shall now proceed to consider.the first case, which upon the facts comes very near to the present one is a decision of ..... holdings ltd :the true nature of the sum is not necessarily its nature in law, but its nature in business or in accountancy, whichever way one likes to put it, because from the legal point of view, there may be no difference whatsoever as between the parties between a capital and an income sum. ..... section 100, schedule d, case 1, rule 3, the income tax act, 1918 (8 & 9 geo. ..... the preamble to the agreement recited that the assessee required a loan to the extent of ten lakhs for erecting its mills and purchasing plant, machinery, and stock-in-trade and for running the mill, .....

Banco De Portugal Vs. Waterlow and Sons, Ltd.

Court : House of Lords

..... since 1887 it has held from the government of portugal an exclusive license for the issue of bank notes as legal tender in portugal and the adjacent portuguese islands, but this license does not extend to the issue of bank notes for ..... under the laws of portugaland holds from the government an exclusive licence for the issue of banknotes as legal tender in portugal and the adjacent islands, but this does not extend to the portuguese colonies. ..... they issued something which in the hands of the recipient was currency of portugal and legal tender for payment of indebtedness up to 500 escudos, the form of that currency being, not any metal or other substance of value, but a piece of paper by virtue of which an obligation was incurred by the bank ..... each note when issued by the bank became in the hands of the holder legal tender, and any such note if paid to the bank by a debtor to the bank must be accepted by the bank in discharge pro ..... denied that the bank had suffered any loss and alleged in the alternative that, if the bank had suffered any loss, such loss was caused solely by the bank's own voluntary act in withdrawing from circulation the vasco da gama 500 escudo notes and exchanging them for other notes although the forged notes or some of them which were in circulation were distinguishable from the ..... prime minister had approved of the original action of the bank on december 6th, 1925, and the delay in regulating the position, as appears from the preamble to the decree of july 19th, 1926. .....