Judgment Search Results Home > Cases Phrase: finance act 2007 section 12 amendment of section 35 Sorted by: recent Court: privy council Page 16 of about 1,485 results (0.074 seconds)

British American Tobacco Co Vs. Inland Revenue Commissioners F a Clark ...

Court : Kolkata

Reported in : [1942]10ITR67(Cal)

..... relied on the omission from the paragraph of any qualifying epithet, attached to the phrase, such as ' direct or indirect ', of the finance act, 1920, which dealt with corporation profit tax. that section contains a proviso, sub-section (2) (c) as follows : ' any deduction allowed in respect of the remuneration of any director, manager or other person concerned ..... the taxpayer from a judgment of lawrence, j., with regard to the measure of its liability to national defence contribution under the finance act, 1937. the operative provisions of part iii of that act are these; section 19, ' (1) there shall be charged, on the profits arising in each chargeable accounting period falling within the five years ..... two sole-directors of that company had such an interest in it so as to bring them within paragraphs 4 and 11 of the fourth schedule to the finance act, 1937, where the phrase is used. paragraph 4, sub-paragraph (b), forbids any deduction from the profits of a business carried on by a company .....

Hoani Te Heuheu Tukino Vs. Aotea District Maori Land Board

Court : Privy Council

..... tribe and as representing the owners of the said lands against the respondent board in the supreme court of new zealand. section 14, native purposes act, 1935, which replaced a substantially similar provision in s.10, new zealand finance act, 1934-35, so far as here material, provided as follows : 14.-(1) the aotea district maori land board ..... (hereinafter in this section referred to as the board) is hereby authorized, empowered and directed to accept the offer of the egmont box company limited ..... were the legal owner of the premises. no new agreement was arrived at or executed, and thereupon s. 10, finance act, 1934-35, was passed which was shortly thereafter superseded by s. 14 of the act of 1935 and the statutory charge on the lands followed, against which the appellant seeks to be indemnified by the .....

Indian Iron and Steel Company, Ltd., in Re.

Court : Kolkata

Reported in : [1941]9ITR539(Cal)

..... against future profits, had they continued to trade, yet it was recognised that the claim would have been sustainable but for the change in the law effected by section 32 of the finance act, 1926.i have, therefore, examined the rules as to wear and tear as they stood prior to the passing of that statute.rule 6(1) to cases ..... speech at page 828 of (1940) a.c. which run as follows :'it must be conceded that were it not for the change in the law effected by section 32 of the finance act, 1926, the appellants would have been entitled to deduct from their profits for the year ending april 5, 1937, the aggregate of the wear and tear allowances ..... who until that time carried on the trade, profession or vocation, shall be computed as if it had then been discontinued.'it should be mentioned here that section 29 of the english finance act, 1926, abolished the rule by which the profits of the business were assessed on the average of the previous three years and substituted therefor the profits of .....

In Re: Indian Iron and Steel Go. Ltd.

Court : Kolkata

Reported in : AIR1942Cal268

..... forward against future profits, had they continued to trade, yet it was recognised that the claim would have been sustainable but for the change in the law effected by section 32, finance act, 1926 i have, therefore, examined the rules as to wear and tear as they stood prior to the passing of that statute. rule 6 (1) to cases ..... lord romer in his speech at page 828 which run as follows : .it must be conceded that were it not for the change in the law effected by section 32, finance act, 1926, the appellants would have been entitled to deduct from their profits for the year ending 5th april 1937, the aggregate of the wear and tear allowances that ..... until that time carried on the trade, profession or vocation, shall be computed as if it had then been discontinued. 10. it should be mentioned here that section 29, english finance act, 1926, abolished the rule by which the profits of the business were assessed on the average of the previous three years and substituted therefor the profits of the .....

Mangniram Bangor and Co., Vs. Re.

Court : Kolkata

Reported in : [1941]9ITR573(Cal)

..... the balance sheet or in the profit and loss account of the appellants; but this is not enough to take it out of the prohibition in section 86, sub-section 1(a) of the act. for that purpose it must have been incurred for the direct purpose of producing profits. the conclusion may appear to bear hardly upon the appellants; ..... the suit instituted against them, similar proceedings to which they would have no defence, would follow periodically. that was, i think, the reason why they were prepared to finance the litigation on so lavish a scale.in these circumstances, it appears to me that the expenditure was of a capital nature, and for this reason, as well as ..... fifteen thousand one hundred and seventy-six incurred for the purpose mentioned in the said rule nisi is an allowance within the provisions of section 10(2)(ix) of the indian income-tax act, being act xi of 1922.'the assessee is a registered firm carrying on business in calcutta. its business includes dealing in stocks and shares, silver .....

In Re: Magniram Bangor and Co.

Court : Kolkata

Reported in : AIR1942Cal297

..... two lakhs fifteen thousand one hundred and seventy six incurred for the purpose mentioned in the said rule nisi is an allowance within the provisions of section 10 (2)(ix), income-tax act, being act 11 of 1922?2. the assessee is a registered firm carrying on business in calcutta. its business includes--dealing in stocks and shares, silver ..... the balance sheet or in the profit and loss account of the appellants; but this is not enough to take it out of the prohibition in section 86, sub-section 1(a), of the act. for that purpose it must have been incurred for the direct purpose of producing profits. the conclusion may appear to bear hardly upon the appellants ..... the suit instituted against them, similar proceedings to which they would have no defence, would follow periodically. that was, i think, the reason why they were prepared to finance the litigation on so lavish a scale., in these circumstances, it appears to me that the expenditure was of a capital nature, and for this reason, as well .....

O.V. Forbes Vs. V.G. Peterson

Court : Kolkata

Reported in : AIR1942Cal283

..... that whatever the consequences, he is in law entitled to go on, since, the deceased left property in the jurisdiction of this court1 and we have under section 270, succession act, jurisdiction to grant probate, and that we must hear and determine this application for grant of probate, whether it results in an impasse or a conflict between this ..... and the chief court of oudh. i am satisfied that the oudh chief court is a high court within the meaning of section 273, succession act, (see the general clauses act, 1897, section 3(24), and the oudh courts act, 1925) and had jurisdiction to grant probate of this will 'with effect throughout british india.' that grant can in my view ..... o.v. forbes was not a party to the oudh court proceedings, but was undoubtedly taking an interest in them as he was represented by his counsel and was financing mr. o'neill in his activities there. moreover, he was cited like mr. o'neill and has acknowledged in an affidavit in these proceedings that he received the .....

Seth Babu Lal Vs. Babu Lal and ors.

Court : Allahabad

Reported in : AIR1941All194

..... powers of a manager of a joint hindu family whether he be a father or some other coparcener with regard to starting of a new business and borrowing money to finance it, by alienating family property. in each case the transaction has to be justified by legal necessity or by family benefit and benefit of the estate and in this ..... meaning of the phrase 'benefit of the estate', as this expression is used and is understood in hindu law. the famous text of brihaspati quoted by vijnanesvara in chap, 1, section 1, verse 28 of the mitakshara and which is the foundation of the law on the subject is as follows:even a single individual may conclude a donation, mortgage, or ..... fixed. it would be a natural desire in persons situated as the mortgagors were to supplement the family income by trade in grain. we have no doubt whatever that they acted in good faith in raising the loan and so did the mortgagee in advancing the money. mr. banerji in his able arguments has strongly pressed upon us that it is .....

East Suffolk Rivers Catchment Board Vs. Kent and Another

Court : House of Lords

..... power of doing so. whether or not they should exercise that power was a matter entirely within their own discretion unless and until the minister of agriculture intervened under section 12 of the act. had they determined not to effect the repair at all, or not to embark upon the work until (say) the end of the following march, the respondents would ..... the local body fail to take action in a case where it is thought that they properly ought to do so, there is power for the person aggrieved, under section 2 of the act, to apply to the secretary of state for an order that they carry out such work as he instructs them to do. i also desire to make it ..... staff in mending other breaches; it may be that the outlay involved in making a good job of one particular repair is more than its limited finances would permit. part iv of the land drainage act contains financial provisions; without setting these out at length, it is sufficient to say that the expenses of the catchment board are met by the issue .....

Mancherji Pallonji Contractor Vs. Dinbai Nusserwanji Goawalla

Court : Mumbai

Reported in : AIR1941Bom260; (1941)43BOMLR543

..... in bombay on march 30, 1939, by reason of part vi of bombay act iv of 1939 which amended the bombay finance art of 1932. section 22 of the amending act of 1939 provides as follows:--there shall, subject to the provisions of section 23, be levied and paid to the provincial government a tax on buildings and ..... lands, hereinafter called the ' urban immoveable property tax' at ten per cent, of the annual letting value of such buildings or lands.section 24(1), sub-section ..... after enumerating a number of municipal taxesi the clause goes on to refer to riot tax. the riot tax is a police tax. section 45 of the bombay city police act, 1902, deals with the provision of compensation recoverable for injury or damage caused by an unlawful assembly and requires the municipal commissioner to recover .....