Court : Andhra Pradesh
Decided on : Mar-28-1968
Reported in : [1968]38CompCas687(AP)
ORDER OF SINGLE JUDGENarasimhan, J. 1. In Company Application No. 79 of 1965 the Chittoor District Co-operative Marketing Society Ltd., Chittoor, is the applicant and has preferred the same against the order of the official liquidator allowing the Society's claim for Rs. 38,070.98 as that of an ordinary creditor. The grievance of the Society is that it should be deemed as a secured creditorand not an ordinary creditor and that is the matter which arises for consideration on merits in C. A. No. 79 of 1965.2. Company Application No. 83 of 1965 was filed by the official liquidator under sections 468, 477 and 536 of the Companies Act, 1956, read with rule 9 of the Companies (Court) Rules, 1959. Inter alia, the official liquidator alleged that as per the account books of the company in liquidation (the Vegetols Ltd.) it was found that sums aggregating Rs. 62,231.25 were paid to the Society from the company's assets during the period from June 10, 1957, to March 31, 1960. The sums were set o...
Tag this Judgment!Court : Andhra Pradesh
Decided on : Dec-12-1968
Reported in : [1970]75ITR734(AP)
Jaganmohan Reddy, C.J.1. The Tribunal has referred the case on the following questions of law :' (1) Whether, on the facts and in the circumstances of the case, the value of the property settled in favour of the deceased's wife, three sons and two grandsons, by the deeds dated 29th May, 1955, and 30th May, 1955, was liable to inclusion in the estate of the deceased under Section 9 of the Estate Duty Act ? (2) Whether, on the facts and in the circumstances of the case, and in: the absence of any registered deed of gift 136'82 acres of agricultural land valued at Rs. 37,336 were rightly held to be the property of the deceased on the date of death for the purpose of the Estate Duty Act 2. The deceased is one Raja Raghavaraju Ranga Raju who died on 7th April, 1956, leaving his two sons who are accountable persons in this case. These accountable persons furnished an account of the property passing on the death of the deceased in which 408 acres, 71 cents of agricultural land, which was the ...
Tag this Judgment!Court : Andhra Pradesh
Decided on : Sep-26-1968
Reported in : [1969]24STC133(AP)
Ramachandra Rao, J.1. In this batch of writ petitions, the petitioners challenge the validity of Section 5-A of the Andhra Pradesh General Sales Tax Act (6 of 1957) (hereinafter called the Act). As the challenge to the said section is mainly on legal grounds, it is sufficient, to refer to the facts of one typical case.2. The facts in Writ Petition No. 748 of 1967 are briefly as follows:-The petitioner is a firm and a dealer in paddy and rice. For the year 1964-65, the Commercial Tax Officer, Palakole, by an assessment order dated 30th November, 1965, assessed the petitioner on a net turnover of Rs. 21,19,609.14 p. and levied a tax of Rs. 5,299.20 p. at per cent. under Section 5-A of the Act, in addition to the tax at 3 per cent. on a turnover of Rs. 14,63,021.86 p. and 1 per cent. on a turnover of Rs. 6,56,647.16 p. The total tax levied was Rs. 55,756.33 p. and after deducting the same from the advance tax paid, the refund of the excess of Rs. 2,257.33 p. was directed by the assessing ...
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