Judgment Search Results Home > Cases Phrase: finance act 1968 Court: allahabad Page 96 of about 10,501 results (0.026 seconds)

Prahlad Kumar Gupta S/O Sri R.P. Gupta and Vs. the State of U.P. Throu ...

Court : Allahabad

Reported in : 2008(2)AWC1227

..... provision of facilities in connection with banking, financing insurance, transport, processing, supply of electrical or other energy, board or lodging or both, housing construction, entertainment, amusement or the purveying of news or other information ..... payment of depositors along with interest by the petitioners and their companies, they lacked in service, which has been defined under section 2(o) of said act which runs as under:2(o) service' means service of any description which is made available to potential users and includes, but not limited to, the ..... first mentioned person, but does not include a person who avails of such services for any commercial purpose.it is evident from clause 2 of said act that the petitioners and their companies were beneficiary of deposits made by the customers and in lieu thereof, the petitioners and their companies had promised to .....

Commissioner of Income-tax, Allahabad Vs. Anil Kumar Chadha

Court : Allahabad

..... 2009] 177 taxman 357 (guj.); (c) raghu raj pratap singh v. asstt. cit [2008] 307 itr 450/[2009] 179 taxman 73 (all.); and (d) new delhi auto finance (p.) ltd. v. jt. cit [2008] 300 itr 83/170 taxman 276 (delhi) 12. we heard both the parties at length and gone through the materials available on record. ..... person are essential for proceeding to assess the undisclosed income. he elaborated his submission by mentioning that section 132a falling under chapter xiii of the income tax act which enunciates the powers of the income tax authorities, nowhere provides that the search or requisition be done by a particular officer who has jurisdiction over a particular ..... was issued to the assessee. learned senior counsel also submits that this finding is wrong for the reason that no notice under section 158bd is provided under the act, assuming that section 158bd is applicable, still notice has to be issued under section 158bc. the provisions of section 158bc and section 158bd are machinery provisions .....

Smt. Manju Bala Chaubey Vs. Indian Oil Corporation Ltd. and Others

Court : Allahabad

Reported in : 2000(1)AWC85

..... appendix-n is important and it shows that members have to give marks to each candidate on the following basis :personality. business ability.salesmanship- 30 markscapabilityto arrange finance educational.- 20 markseducationalgeneral level of intelligence- 20 markscapabilityto provide infrastructure and facility- 15 marksgeneralassessment ...- 15 markstotal- (100 marks)9. dr. padia has stressed that ..... held that if the decision making body has gone wrong in its interpretation, its order can be set aside. in padfield v. minister of agriculture, 1968 ac 997, it was held that if the decision making body is influenced by considerations which ought not to influence it or fails to take into ..... is a significant facet.there is no unfettered discretion inpublic law. a public authoritypossesses powers only to use themfor public good. this imposes theduty to act fairly and to adopt aprocedure which is 'fair play inaction.' 19. in the case in hand, the ioc has awarded the distributorship to respondent no .....

Jaswant Sugar Mills Ltd. Vs. Commissioner of Income-tax

Court : Allahabad

Reported in : [1970]78ITR154(All)

..... 3 of the judgment the tribunal referred to the fact that there was close connection between the constitution of the assessee-firm and the constitution of the national finance ltd., which was its selling agent. the tribunal, however, does not appear to have attached much significance to this fact. after referring to the close ..... . again, sugar was not the only commodity handled by the selling agent. in paragraph 3 of the statement of the case, it is stated that national finance ltd. was appointed selling agent for the assessee for sugar, strawboard, etc. that observation indicates that the selling agent handled a number of articles like strawboard ..... 'the act'. jaswant sugar mills ltd., meerut, is the assessee. this is a company manufacturing sugar and other products. the assessment years are 1951-52, 1952-53 and 1953-54. therelevant accounting periods ended on may31, 1950, may 31, 1951, and may 31, 1952, respectively.2. the assessee-company decided to appoint national finance ltd., .....

Smt. Surinder Kaur Vs. Collector/District Magistrate, Fatehpur and Oth ...

Court : Allahabad

Reported in : 1999(1)AWC773

..... them an effective opportunity of showing cause. the finding recorded by the district magistrate/ collector, fatehpur, in his order dated 26.5.1997 that the shops were financed and managed by the petitioners and sarvsri anil singh, manoj singh, rajeev bansal, jogeshwar gupta, the ostensible licensees, were merely 'sahayak karamchari/naukar' of the ..... principals and 'agents being established between the petitioners and the ostensible licensees. in other words, in case it is found that the ostensible licensees were acting on behalf of the petitioners or were the alter-ago of the petitioners in that event, the agreement executed by the ostensible licensees would be taken ..... him. it is irrelevant that the fraudulent misrepresentation was made before agent's authority was granted if the misrepresentation is not corrected before the third party acts upon it. where the agent makes a representation which he honestly believes to be true, but which the principal knows to be false, the principal .....

Commissioner of Income-tax, Uttar Pradesh Vs. Motor and General Sales ...

Court : Allahabad

Reported in : [1968]68ITR102(All)

..... 1956-57, and the appellate assistant commissioner for the years 1957-58 and 1958-59 was that they were financiers and had to be compensated for financing the enterprise. section 10(2) (xv) of the act reads :'10. (2) such profits or gains shall be computed after making the following allowances, namely :.....(xv) any expenditure (not being an ..... purchased shares in this limited concern of equal value as the shares purchased by sri r. p. gupta, were entitled to some amounts by way of return for financing the enterprise. it therefore, allowed a sum of rs. 500 per month each to the aforesaid two directors as allowable expenditure and held that the balance of the ..... not warranted by business consideration. the view of the tribunal that they were entitled to rs. 500 per month each for having financed the business cannot be accepted because section 10(2) (xv) of the act permits the allowance of only business expenditure and not of a return for the investment made. besides, a remuneration of rs. 24 .....

Raj Nath Pandey Vs. Jwala Prasad and ors.

Court : Allahabad

Reported in : 2008(4)AWC3666

..... the order of the consolidation officer dated 29.12.1966 was set aside. against this order the plaintiffs father preferred a revision under section 48 of the consolidation of holdings act. the revision was dismissed by the deputy director of consolidation, varanasi camp, varanasi on 11.12.1975. then he preferred a writ petition no. 722 of 1976. the writ petition .....

Jagmohan Ram Ram Chandra Vs. Cit

Court : Allahabad

Reported in : [2004]141TAXMAN574(All)

..... . thus, the aforesaid decision is applicable in all force in respect of addition in the hands of the partner under section 69 of the act.16. in the case of jaiswal motor finance (supra), this court has held that if there are cash credit entries in the books of a firm, in which the accounts of the ..... his submission he relied the following decisions:1. girdhari lal nannelal v. stc : [1977]109itr726(sc) 2. sundar lal jain v. cit : [1979]117itr316(all) 3. cit v. jaiswal motor finance : [1983]141itr706(all) 4. addl. cit v. precision metal works : [1985]156itr693(delhi) 5. india rice mills v. cit : [1996]218itr508(all) 6. surendra mohan seth v. ..... thereon. the income tax officer rejected the explanation and treated the sum of rs. 17,500 as its income by invoking the provisions of section 68 of the act. the appeal filed by the firm before the appellate assistant commissioner remained unsuccessful. the firm preferred second appeal before the tribunal. before the tribunal arguments were heard .....

Anirban Nath Sushmita Huf Vs. Dcit Kanpur

Court : Allahabad

..... anirban nath sushmita (huf)-the assessee-appellant was in need of money to apply for allotment of shares of two companies m/s trimurti fertiliser ltd and crown leasing and finance co. ltd. it approached arindam nath sushmita huf, and arinban nath (individual) for giving loan of rs. 6, 45, 000/- and rs. 5, 60, 000/- respectively ..... the budget 2002-03 reads as follows:- "modification of the provisions relating to mode of repayment of certain deposits.- under the existing provisions of section 269t of the it act, no branch of a banking company, co-operative bank and no other company or co-operative society or partnership firm or other person, can repay any deposit made ..... of loans advanced by m/s arindam nath sushmita huf and anirban nath (individual), as these repayments clearly stand outside the mischief of provisions of section 269t of the act? (iv) whether, the money advance dby m/s arindam nath sushmita huf and mr. anirban nath (individual) could be held to be "deposit" within the meaning .....

The Industrial Credit and Investment Corporation of India and Others V ...

Court : Allahabad

Reported in : AIR1997All197; [1999]96CompCas527(All)

..... appointed the liquidator. the present applicants namely, (i) the indusirial credit & investment corporation of india; (ii) industrial development bank of india and (iii) the industrial finance corporation of india (the applicants in short) in pursuance of ihe request made by the company (in liq.) had advanced to the said company a term load of rs ..... leathers limited and another. as the company had already come in liquidation by the time the suit was filed an application under $. 446 of the companies act, 1956 (act in short) was filed before this court- by order dt. 30-8-1995 this court granted leave to the applicants to continue the proceedingsof the said ..... the function of the liquidator and the receiver is more or less the same. the liquidator has however some additional responsibilities which have been provided in the act. consequently, preference should be given to me official liquidator to continue. he has referred to unreported decisions given by me in the matter of madan industries .....