Judgment Search Results Home > Cases Phrase: finance act 1994 chapter 5a advance rulings Sorted by: old Page 7 of about 3,568 results (0.135 seconds)

Smith (inspector of Taxes) Vs. Schofield.

Court : Kolkata

Reported in : [1994]209ITR572(Cal)

..... contrary, i would expect the sub-section to being by saying that 'subject to the provisions of sections 86 and 87 of the finance act 1982' the gains were to be computed in accordance with chapter ii.the second indication is that, by the terms of section 86(4), the indexation allowance is to be set against the unindexed ..... 28 which provides :'(1) the amount of the gains accruing on the disposal of assets shall be computed in accordance with this chapter, and subject to the other provisions of this act [and sections 86 and 87 of the finance act 1982]. (2) every gain shall, except as otherwise expressly provided, be a chargeable gain. (3) schedule 5 to this ..... allowed against the gain after it had been computed in accordance with chapter ii of part ii of the act of 1979, including the time apportionment provisions of paragraph 11 of schedule 5 which by statutory assumption was the gain accruing after 6 april 1965.the finance act 1985next, it is necessary to consider whether the amendments to the .....

Society for Clean Environment and anr. Vs. Union of India (Uoi) and or ...

Court : Mumbai

Reported in : 1992(3)BomCR362

..... into operation 'will be implemented without fail. if the tatas are also eager to demolish those units, guided by their own reasons of finance and perspective planning, there need not be any further elaborate discussion about the appropriateness or relevance of that condition. the incorporation of the condition has not been questioned ..... to many slings and arrows from their environmental armoury. 9. on behalf of the state, it was submitted that unit no. 7 was expected to be commissioned in 1994 and that the condition contained in ext. h dated 28-2-1991 that unit nos. 1, 2 & 3 could operate only till the 'combined cycle power put ..... but also to bite, if and when the necessity therefore arises. we trust that in these days of global concern for environmental excellence no enlightened entrepreneur would act in a rash and reckless manner. the credentials of the tatas in devising measures of environmental improvement, in a more liberal manner than is expected of an .....

Dabur India Ltd. Vs. Delhi Administration and ors.

Court : Delhi

Reported in : 48(1992)DLT660; 1993(44)ECC101

..... laws in respect of matters referred to in all the three lists. which reference to the extension of the bengal finance (sales tax) act to delhi by issuance of a notification under part-c states (laws) act, 1950 the supreme court observed that 'the result of a notification issued under that section is that the provisions of ..... forms of licenses for the manufacture, for sale of avnivedic, siddha or unani drugs 'and for sale of processed ayurvedic, siddha or unani drag.' the said chapter iv-a and the specific sections referred t* hereinabove do not in any way deal with the question of transportation of ayurvedic drugs. the prohibition contained in section ..... sale or for distribution, any ayurvedic, siddha or unani drug, except under, and in accordance with the conditions of, a license issued for such purpose under this chapter by the prescribed authority : provided that nothing in this section shall apply to vaidyas and hakioms who manufacture ayurvedic, siddha or unani drug for the use of their .....

Meghalaya Tourism Development Corporation Vs. S.A. Builders Ltd. and a ...

Court : Guwahati

..... singh consultant engineering pvt. limited, reported in 1988 (1) scc 174; (2) general electric service co. v. pung sons pvt. ltd., reported in air 1991 sc 1994 : (1991 air scw 2136). the learned counsel for the petitioner has submitted that the nature of the bank guarantees in the instant case and the bank guarantees in respect of ..... co. supra, the calcutta high court held a similar view that appropriate relief can be sought under section 41 of the arbitration act whether there is any application under section 20 of arbitration act or the proceedings under chapter iii is pending before the court or not and the court has the power under section 41 of the ..... eleven bank guarantees. thereafter, the opposite party no. 1 approached the court of learned asstt. district judge, shillong in an application under section 41 of the act, praying for an order restraining the petitioner and opposite party no.2 from taking any steps for encashment of the bank guarantees. the said application was registered as .....

P.C. Rajput Vs. State Govt. of Madhya Pradesh and ors.

Court : Madhya Pradesh

Reported in : AIR1993MP107; 1994(0)MPLJ387

..... ex. p/17 and ex. p/19 stating that during the rainy season location was not approachable is neither here nor there. the claimant was also aware of chapter v, sp-i and gc-15 clause 22 that canal roads were not meant for general use.' the finding recorded in para 7 that the contractor was not expected ..... festered by this limitation.more recently, however, the operation of the doctrine has been the subject of a complete reappraisal by the courts. the movement began in u.g.s. finance. ltd. v. national mortgage bank of greece (1964) 1 lloyd's rep. 446 at p, 450, where pearson i.j. expressed the opinion that the application of ..... this court. the first contention,therefore, raised by the applicant-claimantthat clause 51 of the agreement is per se illegalbeing in conflict with the provisions of section 7 ofthe act fails. the machinery provided underclause 51 is to prevent or to reduce unnecessarylitigation.30. the view taken by the arbitration tribunal in jaiswal construction (supra) is consistent .....

S.H. Kelkar and Co. Ltd. Vs. Deputy Commissioner of Income Tax.

Court : Mumbai

Reported in : (1994)49TTJ(Mumbai)262

..... 176/86-ck, dt. 1st march, 1986, to cover inputs and end products classifiable under the specified chapters of central excise, tariff act, 1986, by introducing rr. 57a to 57p in the central excise rules, 1944. the finance ministers speech provides the following basis of the scheme :'114. the modvat scheme provides a transparency which discloses ..... and implement the modvat scheme in stages. as a first measure, i propose to introduce modvat scheme for a goods covered by 37 specified chapters of the central excise traffic act, 1985. the scheme as a result would cover products of chemical and allied industries, paints and packaging materials, plastics, glass and glassware, rubber ..... in the finance bill, 1986, realising the vexatious question of taxation of inputs and its cascading effect on the value of final products. the proforma credit scheme, prevailing under r. 56a of the central excise rules, 1994 was a first step towards that. it provided some relief but was restricted to the cases where .....

Pranab Kumar Ray and Another Vs. Reserve Bank of India and Others

Court : Kolkata

Reported in : AIR1993Cal50,(1993)1CALLT69(HC),97CWN330,1994(48)ECC152

..... need not elaborate. it is stated that the review of the policy direction was taken by the central office of the rbi that the union ministry of finance starting from 3rd january, 1989 and culminated in the circular dated 2nd april, 1990 communicating that the regional offices should strictly adhere toinstructions contained in paragraph 56 ..... of the reserve bank of india relating to release of foreign exchange to indian students for studies in foreign universities as recorded in paragraph 56 of the chapter xvi-30 of 1988 edition of the book of instructions. the learned counsel referred to three exceptions. the third exception which is the subject matter of ..... , enforcement directorate, government of india v. saroj kumar bhotika.10. in the circumstances, i hold that the reserve bank of india and also the union of india have acted in a most discriminatory and unreasonable manner by not allowing theforeign exchange to mr. pramit kumar ray, petitioner no. 2, for pursuing studies of ll.b. (hons.) .....

The Kerala Handloom Finance and Trading Corporation Limited Vs. Bal. R ...

Court : Chennai

Reported in : (1994)2MLJ215

..... of the main contention of learned counsel for the appellant, we may here take notice of the definitions of bailment, bailor and bailee other relevant provisions. in chapter ii of the indian contract act. in section 140, the terms 'bailment' and 'bailee' are defined as hereunder:a 'bailment' is the delivery of goods by one person to another ..... give rise to bailment but not all contracts for work and labour may give to a bailment. in 'bailment' by m.r. palmer, 1979 edition, there is a chapter on 'hire and labour' and therein it is stated:this variety of bailment, known to the roman lawyers, as locatio opens faciendi was defined by halt, c.j. ..... for wrongful conversion and the other for wrongful detention, otherwise, known as action in trover and action in detinue. the supreme court has said:a conversion is an act of wilful interference, without lawful justification, with any chattel in a manner inconsistent with the right of another, whereby that other is deprived of the use and possession .....

T. Velayudhan Achari and anr. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : I(1993)BC564(SC); [1993]77CompCas197(SC); JT1993(1)SC580; (1993)2MLJ90(SC); 1993(1)SCALE586; (1993)2SCC582; [1993]1SCR832

..... required banking companies to create reserve fund and maintain cash reserve. in the year 1963, banking laws (miscellaneous provisions) act, 1963 inserted chapter iii-b in the reserve bank of india act. this chapter conferred extensive powers on the reserve bank of india to issue suitable instructions, to regulate and monitor diverse activities of ..... played by such financial vultures.29. this approach was approved in peerless general finance and investment co. ltd. v. reserve bank of india : 1991crilj1391 @ 354).30. the learned counsel also draws our attention to the non-banking ..... might be contrasted with section 125(3) of the criminal procedure code wherein a sufficient cause is provided.28. in reserve bank of india v. peerless general finance and investment co. ltd. : [1987]2scr1 this court had occasion to consider the adventures indulged by the persons like appellants. it criticised the fraud .....

Anjan Banerjee Vs. Union of India (Uoi) and ors.

Court : Kolkata

Reported in : [1994]207ITR130(Cal)

..... , on or after the 1st day of april, 1958. (vijay mathur),director (tpl-ii).ministry of financedepartment of revenue.' 9. the aforesaid two notifications were followed by the finance act, 1989, section 26 of which provided-'26. notwithstanding anything contained in the notification of the government of india in the ministry of home affairs, no. s. o. 1028( ..... force of that provision in the area where it has been brought into force :yearno.short title(1)(2)(3)196143income-tax act, 1961195727wealth-tax act, 1957195818gift-tax act, 1958(3) the provisions of chapter xvii of the income-tax act shall be made applicable with immediate effect. (4) in the case of all assessees liable to advance tax of current ..... , to the state of sikkim from the date which was to be notified by the central government. the provisions of chapter xvii of the income-tax act which related to payment of advance tax on current income of the previous year relevant to the assessment year 1989-90 were made applicable to the .....