Judgment Search Results Home > Cases Phrase: finance act 2005 section 92 amendment of section 13 Court: andhra pradesh Page 10 of about 4,943 results (0.705 seconds)

C.V. Siva Prasad Vs. Registrar of Companies and anr.

Court : Andhra Pradesh

Reported in : 1996(2)ALT(Cri)758; [1997]88CompCas420(AP); 1997CriLJ1138

..... persons alleging that the financing company as a lending company has advanced loans in excess of limits prescribed under the central government ..... which comes to rs. 1.5 crores. accordingly, it is alleged that the financing company having lent the loan in excess of 30 per cent. without a resolution of the shareholders has committed an offence under section 370 of the companies act, 1956. it is further alleged that the accused persons being officers-in-default are ..... the complaint itself the petitioner was appointed as the managing director of the said financing company with the effect from september 16, 1992. these three cases are filed alleging that the company has committed offences under the different sections of the indian companies act. c.c. no. 64 of 1994 was filed against the five accused .....

Commissioner of Income-tax Vs. Coromandel Fertilisers Ltd.

Court : Andhra Pradesh

Reported in : [1985]156ITR283(AP)

..... argued by mr. dastur, the learned counsel for the assessee, that s. 43a does not constitute an exception or proviso to s. 43. section 43 takes in development rebate in general. section 43a was inserted by the finance (no. 2) act, 1967, with effect from april 1, 1967, with the intention of providing additional relief on account of increased liability incurred by the assessee ..... the machinery to the assessee and not the price received by the buyer in us dollars. 38. section 43a, which was inserted by the finance (no. 2) act, 1967, with effect from april 1, 1967, was inserted after devaluation of indian rupee on june 6, 1966. section 43a is in the following words : '43a. special provisions consequential to changes in rate of exchange of .....

Ashok Sharda Vs. Small Industries Development Bank of India Represente ...

Court : Andhra Pradesh

Reported in : 2007(5)ALD866

..... raised and before he takes the measures like taking over possession of the secured assets, etc.4. the constitutionality of section 14 of the 2002 act has also been upheld in writ petition no. 26663 and 27553 of 2005 siddhi vinayaka hotels (p) ltd. v. the union of india, decided on 17.2.2006. the relevant portions ..... , the narasimham committee was constituted in 1991 relating to the financial system prevailing in the country. it considered wide-ranging issues relevant to the economy, banking and financing, etc. under chapter v of the report under the heading 'capital adequacy, accounting policies and other related matters', it was opined that a proper system of ..... a legislation keeping in view the changing times and economic situation whereafter yet another expert committee was constituted, then alone the impugned law was enacted. liquidity of finances and flow of money is essential for any healthy and growth-oriented economy. but certainly, what must be kept in mind is that the law should .....

Vazir Sultan Tobacco Co. Ltd. Vs. Commissioner of Income-tax

Court : Andhra Pradesh

Reported in : [1974]96ITR248(AP)

..... the accounting year and not a contingent liability. the rate is always easily ascertainable. if the finance act is passed, it is the rate fixed by that act; if the finance act has not yet been passed, it is the rate proposed in the finance bill pending before parliament or the rate in force in the preceding year, whichever is more favourable ..... any other taxing statute, its meaning has to be understood in its ordinary, plain and natural sense and its definition as found in the companies act.14. section 211 of the companies act of 1956 relates to the forms and contents of a balance-sheet and the profit and loss account. general instructions for preparing and constructing the ..... in the year of account, but a liability which may arise de futuro on the happening of a particular contingency, and could not be allowed as a deduction either under section 10(2)(xv) or on commercial principles as to computation of profits.'36. in j. dalmia v. commissioner of income-tax, : [1964]53itr83(sc) the board .....

S. Thrilochana Rao and Another Vs. Jonnala Naresh

Court : Andhra Pradesh State Consumer Disputes Redressal Commission SCDRC Hyderabad

..... to pay further amounts is illegal and unsustainable? 7. it is an undisputed fact that the complainants invested the amounts covered under the fdrs in sree raja rajeshwara finance and investments, floated by the appellants. they filed consumer complaints against the appellants for refund of the amount which is basically a debt owed by the company, ..... sample of all other cases to avoid confusion. 3. the complainants filed the complaints for recovery of amount covered under the fdrs issued by sree raja rajeswara finance and investments company. they impleaded the chairman and managing director and a partner as opposite party nos.1 and 2. since they did not choose to contest ..... in c.p. no. 100 of 2002 and the high court by its order dated 3.10.2005 allowed the company petition appointed an official liquidator and to proceed according to law. it may be recalled herein that section 446 of the companies act postulates as under: 446. suits stayed on winding up order: (1) when a winding up .....

Moka Narasimhulu Vs. Wealth-tax Officer, A-ward and anr.

Court : Andhra Pradesh

Reported in : [1979]119ITR105(AP)

..... on any ' manufacture', the folding and stitching of the printed sheets would constitute ' processing of goods ' so as to fall within the scope of section 2(6)(d) of the finance act, 1968.13. if groundnut kernel is put in the crusher and the crusher is operated on account of which the kernel is crushed and oil and groundnut ..... that it has in one sense a wider meaning than the even word ' manufacture '. referring to the four categories to whom certain benefits were given under the finance act, 1968, it was pointed out that the reference is only to the manufacturing concerns as against trading concerns. the learned judges held that a hotel is only a ..... that before the assessing authority this exemption was not claimed ; nor was it claimed before the appellate authority, viz., the aac. but in a revision under section 25 of the w.t. act before the commissioner this exemption was claimed and the commissioner ruled that the undertaking is not an ' industrial undertaking ' within the meaning of .....

Controller of Estate Duty Vs. Estate of Late V. Ramaiah Sreshti

Court : Andhra Pradesh

Reported in : [1976]104ITR195(AP)

..... create certain hardships in the matter of levy of estate duty. to get over some of these hardships suitable amendments to section 10 were also made, as we find in the 2nd proviso, by the finance act, 1965, but applied prospectively.9. at this stage it is necessary to refer to a judgment of the supreme court in ..... value for the purpose of british estate duty though the underlying harshness in certain situations was felt and which could be mitigated only by incorporating suitable provisions in the finance act. in india the personal laws impose moral duties on the donees to look after and permit the donors to reside with them in the residence gifted which do ..... george da costa v. controller of estate duty : [1967]63itr497(sc) , wherein the supreme court held as follows:'the crux of section 10 of the estate duty act, 1953, lies in two parts .....

Bhikajee Dadabhai and Company Vs. Commissioner of Income Tax

Court : Andhra Pradesh

Reported in : [1958]33ITR760(AP)

..... the order of the income-tax appellate tribunal dated december 17, 1953, under which it was held that section 40 of the hyderabad income-tax act ceased to have effect by virtue of section 13(1) of the indian finance act, the remedy of assessee being elsewhere, the assessee has also filed an application for the issue of a ..... penalty imposed under the provisions of sub-section (3) of section 35 or section 40 or sub-section (1) of section 58 of the hyderabad income-tax act. further, it is not as if the legislature was not unaware of the provisions relating to penalty, because in sub-section (20 of section 13 of the finance act itself, while repealing any law corresponding to ..... the income-tax appellate tribunal comes to this : namely, that having regard to the fact that section 40 of the hyderabad income-tax act relating to the levy of penalty not having been saved by section 13 of the finance act, the income-tax officer had no jurisdiction to levy any penalty and since he has no jurisdiction .....

A.P. Oil Millers Association and ors. Vs. Union of India (Uoi) and ors ...

Court : Andhra Pradesh

Reported in : 1992(2)ALT135

..... to dispense with levy and collection of cess on vegetable oils, good administration requires that the union of india should act by implementing the promise made by the minister for finance on the floor of the house and that section 13 of the act is unreasonable on that ground. in our view, the contention is devoid of any substance. duty of excise by ..... such levy imposed under an act of parliament can be done away with only by an act of parliament or by an ordinance promulgated by the president of india. the statement made by the minister for finance in the budget speech is only an indication of ..... way of cess is leviable on vegetable oils produced in any mill in the country under section 3 of act no. 30 of 1983. .....

D. Sesharani and Ors. Vs. Managing Director, A.P. Women's Co-op. Finan ...

Court : Andhra Pradesh

Reported in : 2001(2)ALT607

..... otherwise qualified fulfilling the other conditions stipulated in the scheme formulated in g.o. ms. no. 212. finance and planning (fw.pc.iii) department, dated the 22nd april. 1994'.57. under section 5 of amending act new section 7-a was introduced.section 7-a:(1) notwithstanding any government order, judgment, decree or order of any court. tribunal or ..... the appointees unless appointing authority issues a certificate to the effect that the appointment has been made in accordance with the procedure contemplated under section 4 of the act.28. section 6 deals with the penalties to be imposed on any holder of an elective office or the officer who makes the appointment in contravention ..... .o. (p). 112. finance and planning (fw.pc.iii) department, dated the 23rd july. 1997.provided also that in the case of workmen falling within the scope of section 25-f of the industrial disputes act, 1947, one month's wages and such compensation as would be payable under the said section shall be paid in case .....