Judgment Search Results Home > Cases Phrase: finance act 1968 chapter i preliminary Court: chennai Page 7 of about 405 results (0.071 seconds)

S. Anthony Raj and Another Vs. A. Shanmugam and Others

Court : Chennai

Reported in : [1994]80CompCas531(Mad); (1995)IILLJ1208Mad

..... as a consequence of the winding up and the retrenchment has been effected only as a consequence of the closure. introduction of section 25o of the act in chapter v-a of the industrial disputes act has brought a rule that before the closure, the appropriate government or a tribunal appointed by the government would go into the genuineness of the ..... average pay may not detain us for long. in the instant case, it is conceded on facts that the company had stopped work, it is on record, because the financing bank stopped giving money to it, and stocks piled up, thus causing cessation of work. this happened even before the winding up proceedings started. in all fairness when the ..... of section 25f is purely illustrative and not exhaustive. that this is so illustrative is seen from a decision of the supreme court in kalinga tubes ltd. v. their workmen [1968] 34 fjr 393; [1969] 1 lab lj 557; [1969] ic 90. that was a case where the undertaking was closed on account of violence deployed by the workmen .....

Pavunambal and ors. Vs. Shanmugam and ors.

Court : Chennai

..... to be effect that muniammal filed o.s.no.15 of 1943 for maintenance and thereafter, she also filed one other suit o.s.no.11 of 1968 claiming maintenance. the couple had no issues. it is therefore clear that for decades together ill-will prevailed between the couple. the evidence adduced on the ..... signatures of the registering officer and of the identifying witnesses affixed to the registration endorsement were, in our opinion, sufficient attestation within the meaning of the act. the endorsement by the sub-registrar that the executant has acknowledged before him execution did also amount to attestation. in the original document the executants signature was ..... case of males when they die intestate, the property will devolve according to the provisions of this chapter. whether on death of a male intestate devolution of property takes place after the commencement of the hindu succession act, 1956. the widow of a male hindu inherits simultaneously when a son, daughter and other heirs specified .....

Natesan Spinning and Weaving Mills Ltd. Vs. Commissioner of Income Tax

Court : Chennai

Reported in : [1996]217ITR120(Mad)

..... obligation in this behalf is stated in s. 7 of the gratuity act, 1972, ...... in the chapter which contained/contains provisions for computation of total income for the purposes of imposition of tax, a provision is specifically introduced by s. 7 of the finance act of 1968 specifying the expenses or payments not deductible in certain circumstances. (s. 40a ..... of the act). sub-s. (7) of this section has made a specific provision in ..... 5,26,936. the assessee had to create a provision for gratuity in order to take the benefit of s. 40a(7) which was introduced by the finance act, 1975. it created a provision of rs. 4,30,425 but failed to make the payments as contemplated under s. 40a(7). it has been urged .....

Thanthi Trust Vs. Wealth-tax Officer

Court : Chennai

Reported in : (1989)78CTR(Mad)54; [1989]178ITR1(Mad)

..... for the respondent, after the introduction of section 21a, there is an obligation on the part of every assessee to file a return. section 21a was inserted by the finance act 16 of 1972 with effect from april 1, 1973. it is clear by a reading of the marginal note that it relates to assessment in cases of diversion of property ..... ' includes a plurality of individuals. 60. the next section that has to be looked at is section 5 of to wealth-tax act. that talks of exemption in respect of certain assets. section 14 occurring in chapter iv in relation to the assessment of an assessee throws an obligation on the assessee to file a return of wealth in the prescribed ..... purposes mentioned in the supplementary deed. 5. there were proposals for the reopening of assessments. for the years 1968-69 and 1969-70, the income-tax officer rejected the assessee's claim for exemption under section 11(1) of the income-tax act. aggrieved by such assessments, the appellant preferred i.t.a. nos. 21 and 41 of 1972-73. .....

The Commissioner of Gift Tax, Madras Vs. P. Rangasami Naidu

Court : Chennai

Reported in : AIR1970Mad441; [1970]76ITR315(Mad)

..... to mingle religious and moral considerations, not being positive laws, with rules intended for positive laws. lord hobhouse delivering the judgment, deferred to sections 4 and 5 in chapter i of the mitakshara as belonging to the latter class and approved the view taken in mudungopala v. rambuksh, (1866) 6 wr 71 (cal) that sections 4 ..... the petitioners. on the assessments having been made by the gift tax officer, the petitioners have preferred the writs for certiorari.5. in w. p., 1108 of 1968. it is admitted that on 7-6-1957, the assessee had thrown his self acquired properties into the hotchpot of his hindu undivided family. the gift tax officer ..... brings about the severance and the manifestation may vary according to circumstances. even so, hindu law, as developed, permits a coparcener without any speech or visible act to convert his separate property into joint family property.the observation of the supreme court in that theseparate property ceases to be as such and acquires the character .....

Commissioner of Wealth-tax Vs. Jayalalitha

Court : Chennai

Reported in : [2000]243ITR652(Mad)

..... the terms and conditions relating thereto preclude the commutation of any portion thereof into a lump sum grant;' 2. the words in brackets in the provision were introduced by the finance act, 1974, with effect from april 1, 1975. 3. the assessment years with respect to which the question has arisen and the references have been made are 1976-77, 1977-78 ..... any contrary legislative intendment which would require ascribing to the words used in section 2(e)(2)(ii), a meaning different from their plain meaning. section 2 of the act occurs in the chapter dealing with preliminary matters and is the definition section. section 2(e) defines 'assets'. it also excludes certain types of property from the category of assets. what is .....

Commissioner of Income-tax Vs. K.S. Narayanan

Court : Chennai

Reported in : (1986)54CTR(Mad)235; [1986]159ITR618(Mad)

..... auto service's case : [1975]101itr589(mad) . apart from that, it must also be pointed out that parliament has now introduced section 80aa and section 80ab by finance act 2 of 1980. section 80aa is restricted only to 'computation of deduction under section 80m' and section 80ab deals with deduction required to be made or allowed under ..... any other section except section 80m included in chapter vi-a of the income-tax act. it has to be noted that while section 80aa was with retrospective effect from april 1, 1968, section 80ab was not given such retrospective operation but came into operation only from april 1, 1981 ..... assessee. arising out of this order of the tribunal, the above-mentioned two questions have been referred to this court under section 256(1) of the income-tax act, 1961. 3. learned counsel appearing on behalf of the revenue has vehemently contended that undoubtedly the question as to whether for the purpose of section 80k, the .....

K.T.M.S. Umma Salma Vs. Commissioner of Income-tax, Central Madras

Court : Chennai

Reported in : [1983]144ITR890(Mad)

..... tax. explanation-in this clause,'assessed tax' means tax as reduced by the sum, if any, deducted at source under chapter xvii-b or paid in advance under chapter xvii-c.' 'amendment of section 271 in section 271 of the income-tax act, for clause (i) of sub-section (1), the following clause shall be substitute and shall be deemed always to have ..... no reasonable cause for the delay in filing the return on the part of the assessee. the next contention was that the entire tax had bene paid on november 20, 1968, and consequently no tax was due on october 7, 1970, in the circumstance, s it was contended on behalf of the assessee that no penalty could be levied. in. his ..... , for a sum of rs. 45,000. she should have filed the return of income for the assessment year 1967-68, on or before june 30, 1967. on august 7, 1968, she returned an income of rs. 37,397. the said amount represented the sum invested by her in the purchase of land as aforesaid. on the basis of the return .....

Commissioner of Income-tax Vs. Indira Cotton Mills (P) Ltd.

Court : Chennai

Reported in : [1995]215ITR36(Mad)

..... , confirm, modify or reverse the decision of the controlling authority.' 4. in the chapter which contained/contains provisions for computation of total income for the purposes of imposition of tax, a provision is specifically introduced by s. 7 of the finance act of 1968 specifying the expenses or payments not deductible in certain circumstances. (sec. 40a of the ..... act). sub-s. (7) of this section has made a specific provision in these words : '(7)(a) subject to ..... in the last case the period of completion of continuous service of five years was/is not necessary [see s. 4 of the payment of gratuity act, 1972]. the act has fixed a ceiling and prescribed how the amount of gratuity would be paid, in the case of a dispute determined and in case the employer failed .....

Nirma Limited. Vs. Saint GobaIn Glass India Limited and ors.

Court : Chennai

..... and other industrial chemicals; and is widely used in textiles, paper, metallurgical industries and desalination plants and the said soda ash is classified under chapter 28 of the act under subheading no.2836.20. according to the domestic industry, light and dense soda ash are one product. that apart, it was claimed ..... of domestic industry provided it accounted for a major proportion of the total domestic production. therefore, according to the writ petitioner, the designated authority has acted unreasonably and arbitrarily.4.1. the said writ petition was contested by alkali manufacturers association of india to the effect that the writ petition is premature, ..... or exported from china pr, european union, kenya, iran, pakistan, ukraine and usa. the said notification was issued based on the customs tariff act, 1975 (for brevity, "the act") and the customs tariff (identification, assessment and collection of anti-dumping duty on dumped articles and for determination of injury) rules, 1995 (for .....