Judgment Search Results Home > Cases Phrase: finance act 1968 section 2 income tax Court: karnataka Page 94 of about 16,996 results (0.242 seconds)

Binani Industries Limited Vs. Assistant Commissioner of Commercial Tax ...

Court : Karnataka

Reported in : ILR2002KAR4751; [2003]129STC199(Kar)

..... business of hire-purchase finance and leasing of equipment. it has filed this petition : (i) for quashing the proposition notice dated january 22, 2000 for the year 1998-99 proposing to subject to tax, lease rentals even if the leased machinery were tax suffered goods ; and (ii) to strike down section 5-c of the act as unconstitutional or ..... goods for any purpose (whether or not for a specific period), for cash, deferred payment or other valuable consideration.13. simultaneously, an independent charging section (section 5-c)was also inserted by act no. 27 of 1985 with effect from april 1, 1986, empowering the state to levy tax on the transfer of the right to use any goods ..... which can be termed as a direct and immediate restraint on the freedom of trade and commerce. consequently, it has to be held that the amendment to the kst act inserting section 5-c did not require the previous sanction of the president under the proviso to article 304(b). this answers the first point.re : point no. (ii) .....

Jindal Vijayanagar Steels Ltd., Now Known as Jsw Steel Ltd. Rep. by It ...

Court : Karnataka

Reported in : 2009(4)KCCR2566(D.B)

..... ignoring the intention of the legislature which could be primarily gathered from the language used in first proviso to section 11(2) of the mmdr act.24.12.2. the apex court in reserve bank of india v. peerless general finance and investment co. ltd. and ors. reported in air 1987 sc 1023 at paragraph 33 held as follows ..... a reconnaissance permit, prospecting licence or mining lease to any person unless such person:(a) is an indian national, or company as defined in sub-section (1) of section 3 of the companies act, 1956 (1 of 1956); and(b) satisfies such conditions as may be prescribed:provided that in respect of any mineral specified in the first schedule ..... to notify an area available for mining lease, which of course, could be granted only after prior approval of the central government and section 2 of the fc act and approval under section 5 of mmdr act, it may not be appropriate for this court to interfere with such decisions of the state government, nor to quash the notification, nor .....

Arasikere Taluk Primary Co-operative Agricultural and Rural Developmen ...

Court : Karnataka

..... lending to agriculturists through ard banks are state finances funded through one or the other programme evolved either by the union government or the state government. the state ..... of lands and others (vide: section 76a of the act). the apex bank which is at the helm of ard banks is empowered to issue debentures naturally to finance the ard banks subject to the terms and conditions set out in the act. the debentures when issued are guaranteed by the state government (vide: section 81 of the act). almost all finances of ard banks utilised for .....

Ajit Kalyan, Bangalore Vs. State of Karnataka and Others

Court : Karnataka

..... to be considered in these circumstances. 3. the contentions raised on behalf of the petitioner is that the impugned permission/approval has wrongly been granted under section-62(3) of the said 1997 act. this section is reproduced for the facility of reference: 62. alienation of immovable property (1) any exchange, gift, sale or mortgage or lease of ..... u.o.note no.de 375 ezan-7/2009, dated 21-05-2009 has given its opinion on this proposal as follows:- language 10. in view of the finance departments opinion, the district registrar, gandhinagar registration district, bangalore having been requested to give details of latest market value of sites actually sold in the surrounding ..... is sold in public action and since it is proposed to conduct religious activities here and since the site is near 14th cross of malleswaram, concurrence of the finance department was sought for selling this land to sri sai mandali at the market value of rs. 3000/- per sq.ft. prescribed in notification dated:27-02 .....

M/S. Mfar Constructions Pvt. Ltd. Vs. Additional Commissioner of Comme ...

Court : Karnataka

..... found in favour of the petitioners in the alternative as well. in that, it is not in dispute that from the inception of the kvat act, section 10(3) was consistently interpreted by the revenue to mean that a dealer is permitted to deduct the input tax paid on his purchases irrespective ..... vanijya theri bhavana, vi floor, maidan road, mangalore-575001 assistant commissioner of commercial taxes local vat office-260, maidan road, mangalore-575001 state of karnataka department of finance, rep by its secretary, ambedkar veedhi, bengaluru-560001 respondents [by sri t.k.vedamurthy, aga.]. 2 . 3 . these writ petitions are filed under articles226& ..... . deputy commissioner of commercial taxes, audit 5, dvo4 room no.204, 2nd floor, vtk - 2, koramangala bangalore - 560047 3 . state of karnataka department of finance by its secretary vidhana soudha ambedkar veedhi bangalore56000 respondents [by sri t.k.vedamurthy, aga.]. these writ petitions are filed under articles226& 227 of the constitution of india, .....

Smt. S. Jalaja Vs. Union Of India

Court : Karnataka

..... appointment of chief executive officer of the board as well as other employees. section 13 of the 1966 act defines the functions of the board, whereas, section 14 85 of the 1966 act defines the general power of the board. chapter v of the act, which contain sections 18 to 24 of the 1966 act deal with 'finance, accounts and audit' of the board. chapter vi, which contain ..... sections 25 & 26 of the 1966 act provide that provisions of karnataka public premises (eviction of unauthorized occupants) act, 1974 apply to premises of the board, whereas, the provisions of karnataka rent control .....

Survodaya Mills Workers Union Vs. State of Karnataka and Others

Court : Karnataka

Reported in : AIR1994Kant256; ILR1994KAR687

..... and beyond control of human agency, the land on which the building has been constructed becomes vacant land and gets attracted by the provisions of s. 22 of the act. section 22 of the act reads as follows :'22. (1) notwithstanding anything contained in any of the foregoing provisions of this chapter, where any person demolishes any building on any land held by ..... production of national wealth. there is another equally, if not more important factor of production and that islabour. then there are the financial institutions and depositors, who provide the additional finance required for production and lastly there are the consumers and the rest of the members of the community who are vitally interested in the product manufactured in the concern.' in .....

Kobra, Association of Borrowers of Karnataka and ors. Vs. State of Kar ...

Court : Karnataka

Reported in : III(2003)BC63; [2005]123CompCas269(Kar); 2003(3)KarLJ489; [2003]47SCL695(Kar)

..... also held that sidbi has no authority to issue any direction to ksfc and sidbi can only stipulate terms and conditions while granting finance/refinance. learned judge has also opined that under section 24 of the act, the board of directors have to discharge their duties and functions on business principles, due regard being had by it to the ..... of policy as may be given to it by the state government in consultation with, and after obtaining the advice of the development bank. sub-section (3) of section 39 of the act provides that if the board fails to carry out the instructions on the question of policy laid down by the state government, the state government shall ..... given directions to ksfc who availed all the sidbi's offer and that the ksfc has failed to follow the same as required under section 39 of the act. it is true that section 39 of the act on which the appellants have placed reliance, provides that in the discharge of its functions, the board of state financial corporation shall .....

T.M. Chandrasekhar Vs. L.R. Shivaramegowda

Court : Karnataka

Reported in : ILR1992KAR444; 1991(3)KarLJ308

..... there must have been many more out of which the applications of deserving beneficiaries were allowed. he also deposed that sri janardhan poojary, the then minister of state for finance, government of india, was the chief guest in that 'mela'. he then admitted that such 'sala-melas' were being conducted throughout the country. 39. pw-6 ..... nagamangala taluk and a very popular political leader. even after reorganisation of states he contested from nagamangala constituency in the general elections of 1957, succeeded and was the finance minister in the mysore state government till 1962. in the later elections he did not contest due to ill-health and passed away in the year 1964. ..... case of sangappa v. shivamurthiswamy, 23 elr (1968) 51. in an appeal from the decision of the election tribunal a division bench of this court considered the provisions of section 100(1)(d) of the act and observed that in order to comply with the provisions of section 78 of the act, all that a candidate has to do is .....

Bharat Gold Mines Officers' Association, Kolar Gold Fields and Ors. Vs ...

Court : Karnataka

Reported in : AIR2001Kant257; 2002(1)KarLJ130

..... india shows the management's anxiety to wash off their hands as early as possible.40. the bgml management while submitting its proposal under section 25-o of the act to the statutory authority to pass the order to close the company, enclosed the order of bifr and other particulars. the workers' unions ..... order to prevent arbitrariness or favouritism. however, there are inherent limitations in exercise of that power of judicial review. government is the guardian of the finances of the state ............ judicial questin administrative matters has been to find the right balance between the administrative discretion to decide matters whether contractual or political ..... kolar gold mining undertakings (kgmu), in december 1962 as a subordinate office of the ministry of finance. the board of management had the finance minister as the chairman, the deputy finance minister as one of the members. in 1968, a full time chairman/managing director took office. the administrative control was passed on to .....