Court : Chennai
Decided on : Dec-31-2002
Reported in : (2003)181CTR(Mad)431; [2003]264ITR673(Mad)
..... profits on the sale of an import licence, cash assistance and duty of customs or excise repaid or repayable as drawback are all treated as business income and by the finance act, 1990, section 28 has been amended with full retrospective effect from 1.4.1961 treating all kinds of income covered under three sub-sections as business income of the ..... , in the regular assessment, if any, for the earlier assessment year or years. ' sub-clauses (ii) and (iii) of section 143(1)(b) were omitted by the finance (no. 2) act, 1980 and the reason for the deletion is stated in the statement of objects and reasons and it reads as under:-' under section 143(1) of the income-tax ..... revenue' should be read in conjunction with an erroneous order passed by the assessing officer. the supreme court noticed the earlier decisions in rampyari devi saraogi v. c.i.t. : [1968]67itr84(sc) and dara devi aggarwal (smt.) v. c.i.t. : [1973]88itr323(sc) wherein the supreme court held that where a sum not earned by a person is .....
Tag this Judgment!Court : Chennai
Decided on : Dec-31-2002
Reported in : [2003]128TAXMAN880(Mad)
..... on the sale of an import licence, cash assistance and duty of customs or excise repaid or repayable as drawback are all treated as business income and by the finance act, 1990, section 28 has been amended with full retrospective effect from 1-4-1961 treating all kinds of income covered under three sub-clauses as business income of the ..... , in the regular assessment, if any, for the earlier assessment year or years.'sub-clauses (ii) and (iii) of section 143(1)(b) were omitted by the finance (no. 2) act, 1980 and the reason for the deletion is stated in the statement of objects and reasons and it reads as under :'under section 143(1) of the income tax ..... of the revenue should be read in conjunction with an erroneous order passed by the assessing officer. the supreme court noticed the earlier decisions in rampyari devi saraogi v. cit : [1968]67itr84(sc) and smt. tara devi aggarwal v. cit : [1973]88itr323(sc) wherein the supreme court held that where a sum not earned by a person is assessed .....
Tag this Judgment!Court : Chennai
Decided on : Sep-06-2002
Reported in : (2002)3MLJ513
..... the case may be, should be afforded reasonable facilities to function effectively and in a meaningful manner. that requires substantial funds. under the label of self financing institutions, the colleges should not be permitted to hike the fees to any extent in order to meet the expenses to provide the infrastructure and for appointing ..... guaranteed to the individuals under part iii could be enjoyed by all. without making 'right to education' under article 41 of the constitution a reality the fundamental rights under chapter iii shall remain beyond the reach of large majority which is illiterate.. ... ... ... (12) 'right to life' is the compendious expression for all those rights ..... which is not less than two academic years commencing the academic year 1967-1968 or any earlier academic year from any university in india which is recognised for the purposes of this act by the bar council of india.27. under part-ii, chapter-111 of the bar council of india rules, the council is empowered to .....
Tag this Judgment!Court : Chennai
Decided on : May-21-2002
Reported in : [2003]116CompCas465(Mad); (2002)3MLJ83
..... group into minority and there is a continuous course of activities and hence, the provisions of sections 397 and 398 of the companies act are squarely attracted. 51. section 397 occurs in chapter vi of the companies act under the heading, 'prevention of oppression and mismanagement'. section 397 empowers the company law board to grant relief in the case of ..... material and no reasonable person would draw such an inference on the facts of the case.70. learned senior counsel referred to the decision of the supreme court in malleswara finance & investments co. v. c.l.b. 82 c.c. 836 and i have already referred to the decision where the division bench of this court held that appeal ..... nor considered by it, it would not be a question arising out of its order notwithstanding that it might arise on the findings given by it. this court in malleswara finance & investments co. v. c.l.b. (82 comp. cases 836) has held that an appeal under section 10f before this court can be entertained on a question of .....
Tag this Judgment!Court : Chennai
Decided on : Mar-20-2002
Reported in : 2003(27)PTC352(Mad)
..... mark has been registered under part-b. therefore, section 32 will have no application.31. the present original petition is substantially under chapter vii and in particular under section 56 of the act, which provides for rectification and correction of the register. it is well settled that the power to rectify is discretionary. the jurisdiction conferred ..... . 1. in his evidence, p.w. 1 has deposed that the first petitioner firm, m/s. woodlands travels and agencies is a registered partnership firm since 1968 constituted by four brothers. the 2nd petitioner firm is m/s. woody hotels. the first petitioner started an ice cream parlour in durbar hall and it is named ..... forbearing thepetitioners from using the said trademark and the petitioners are contesting the said proceedings of injunction.4. the factual matrix could be summarised here. on 14.8.1968, p.r. narahari rao and p.r. balakrishnan, both sons of p.n. ramakrishnan, residing at 23/346, high school road, ernakulam, formed themselves into .....
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