Judgment Search Results Home > Cases Phrase: general insurance business nationalisation act 1972 section 36 exemptions Court: chennai Page 5 of about 388 results (0.187 seconds)

India Tyre and Rubber Co. (India) Pvt. Ltd. Vs. Commercial Tax Officer ...

Court : Chennai

Reported in : [1981]47STC273(Mad)

..... therefore the railways were not only proper parties but also necessary parties to rebut any evidence that might be let in by the bus owner and the insurance company to throw the negligence on the part of the railways. in this particular case, there could be no competition between the petitioner and dunlop india limited ..... in this context, it will be useful to understand the scheme of the act. section 2(g) defines a dealer as meaning any person who carries on the business of buying, selling, supplying or distributing goods, directly or otherwise, whether for cash or for deferred payment, or for commission, remuneration or other valuable consideration and ..... limited agreed to manufacture tyres and rubber products for the petitioner-company is a works contract. the petitioner-company had been submitting returns under the tamil nadu general sales tax act (hereinafter called the act) and the sales tax authorities had been finalising the assessment on the basis that the first point of sale .....

Commissioner of Income Tax Vs. Jawahar Mills Ltd.

Court : Chennai

Reported in : [1997]227ITR866(Mad)

..... for payment of gratuity to its employees. aggrieved, the assessee filed a second appeal before the tribunal. the tribunal, following its earlier order, held that apart from the insurance premium, the difference between incremental liability and the premia paid would be allowed as a further deduction. ultimately it was held that the assessee is entitled to further deduction ..... effect notwithstanding anything to the contrary contained in any other provision of the act relating to the computation of income under the head 'profits and gains of business or profession' or, in other words, it means that s. 40a would have effect notwithstanding anything contained in ss. 30 to 39 of act'. on similar facts ..... , for gratuity to be deductible under the act, it must fulfil the conditions laid down in s. 40a(7). the deduction could not be allowed on general principles under any other section of the act because sub-s. (1) of s. 40a makes it clear that the provisions of the section shall have .....

Thanthi Trust Vs. Central Board of Direct Taxes and Others

Court : Chennai

Reported in : [1995]213ITR639(Mad)

..... proviso : and if this be the position, it is extremely difficult to accede to the argument pressed before us on behalf of the department that although the insurance agency business, of which a trust was created, is within the operation of clause (i) of section 4(3), it is yet hit by the initial words of proviso ..... last head of 'charitable purpose' because according to the contention of the revenue, even if a business is held under trust by a charitable trust or institution for promotion of an object of general public utility, income from such business would not be exempt since the purpose would cease to be charitable. the construction contended for ..... trust wholly for public religious purposes, but it is a trust created for public charitable purposes. 15. further, section 11(1)(a) of the act grants exemption generally in respect of income derived from property held under trust wholly for charitable or religious purposes. sub-section (4a) carves out only certain categories of income, namely, .....

M.V. Valliappan and ors. Vs. Income-tax Officer and ors.

Court : Chennai

Reported in : (1988)67CTR(Mad)289; [1988]170ITR238(Mad)

..... income reduces the assessable income of the taxpayer. the tax advantage results from the reduction of income. 85. where a taxpayer pays a premium on a qualifying insurance policy, he incurs expenditure. the tax statute entitles the taxpayer to reduction of tax liability. the tax advantage results from the expenditure on the premium. 86. a ..... taxpayer may incur expense on export business or incur capital or other expenditure which by statute entitles the taxpayer to a reduction of his tax liability. the tax advantages result from the expenditure for which ..... that the state was undoubtedly prohibited from denying to any person equality before the law or equal protection of the laws, but by enacting law which applies generally to all persons who come within its ambit as from the date on which it becomes operative, no discrimination is practised. it was pointed out that when .....

Rajah of Vizianagaram Vs. the Official Liquidator, Vizianagaram Mining ...

Court : Chennai

Reported in : AIR1952Mad136; (1951)1MLJ535

..... branch banks are agencies of one principal firm, it is well settled that for certain special purposes of banking business they may be regarded as distinct trading bodies. in the well known case in 'new york life insurance co. v. public trustee' (1924) 2 ch 101 the construction in the peace treaty of versailles regarding ..... upon which liquidations are conducted in different countries and in different courts, of one concern. one knows that where there is a liquidation of one concern the general principle is: 'ascertain what is the domieil of the company in liquidation; let the court of the country of domicile act as the principal court to govern ..... desirable it may be wound up here so thatits assets here shall be distributed amongst itscreditors (i do not stay to consider whether itsenglish creditors or creditors generally) and forthe purpose of the winding up it shall be deemednot to have been dissolved; for that event woulddefeat our municipal provisions for winding up acorporation.' .....

Muthirayar Educational Society Vs. V.Giridharan

Court : Chennai

..... he cannot object to an alteration as fraudulent provided it was passed bona fide and did not unfairly discriminate.71.in hari chandana yoga deva v. hindustan co-op. insurance society ltd., air 1925 cal 690, it is held that all members become bound by a valid alteration whether they voted for or against it.72.the power of ..... to a sacrifice if it is for the good of the organisation e.g. expelling a member and acquiring his shares at a fair value if his personal competing business is causing harm to the company.(3)all majority powers have to be exercised in absolute good faith for the benefit of the organisation as a whole, but good ..... as madatory then mere mischief of someone who is authorised to communicate, by delaying within the time specified, will render otiose the action of the executive committee meeting or the general body meeting of the society/association, which in the considered opinion of this court, could not be the intention and object of the legislature. in fact, the societies .....

Dr. (Mrs.) Ruth Annamalai Vs. Mrs. Valliammai Achi, W/O of Late Dr. Al ...

Court : Chennai

Reported in : AIR1991Mad284

..... plaint in form no. 5 of appendix hereto.'order xxv of the original side rules deals with testamentary and intestate matters. rules 20 to 50 relate to non-contentious business, not being proceedings in any suit rules 51 to 68 deal with contentious proceedings.rule 55 of the original side rules read as follows :'upon the affidavit in ..... above judgments are not applicable to the facts of this case. the reference to 1976 tax law 1275 and the provision of the revenue recovery act and the tamil nadu general sales tax act, has therefore, no relevance, for the reasons stated supra. there is no legal fiction and in that view : 1953crilj1049 , has no application since the ..... shall be the defendant. the petition and the affidavit shall be taken as the plaint and the written statement respectively. 14. these rules make an exception to the general rule that a suit is to be commenced by presenting a plaint, and provide for ireating the petition for probate or letters of administration as the plaint and the .....

V. Subramanian and ors. Vs. the State of Tamil Nadu, Rep. by Secretary ...

Court : Chennai

Reported in : (2004)1MLJ349

..... corporation by virtue of operation of a statute'. 28. statutory transfers of employees have been effected by parliament and state legislatures under numerous nationalisation acts, nationaling banking, insurance and industrial undertakings. the statutory provision for transfer under such acts have not been regarded as unconstitutional. 29. the industrial disputes act in ..... who were government employees while such consent had been dispensed with in respect of persons who are not government employees.13. the learned advocate general who appeared for the madras university submitted that the appellants were very much employed in the departments that were transferred, that their transfer is in ..... employees of the transferred departments, the provision providing for their statutory transfer was unconstitutional, and was liable to be struck down as under the general law of master and servants, no servant can be transferred like a chattel by one master to another and any law providing for such .....

United India Fire and General Insurance Co. Ltd., Madurai Vs. M.S. Dur ...

Court : Chennai

Reported in : AIR1982Mad287; (1982)1MLJ111

..... limitation as to use-'the policy dues not cover use for hire or reward use only for special domestic and pleasure purposes and for the insured's business.'if the deceased was carried in the car for hire then there has been a use of the car for an unauthorised purpose. in ..... ramanujam, j.1. this is an appeal filed by the united india fire and general insurance co. ltd., madurai against the award passed by the motor accidents claims tribunal in m.a.c.o.p.no. 36 ..... from, the vehicle at time of occurrence of the event out of which the claims arise. the supreme court also referred to the law as regards general exclusion of passengers as stated in halsbury's, laws of england, 3rd edn, vol. 22 at page 368 para 765 which is as follows-' ..... another person, who traveled in the car during the time of occurrence, had been examined as p. w. 2. p. w. 1 had spoken to generally about, the occurrence and the death of his son as a result thereof. he has marked ex. p. 1, pay certificate given by the branch manager .....

M. Kanagasabapathy Vs. the Special Officer,

Court : Chennai

Reported in : (2008)1MLJ270; 2007(5)CTC392

..... does not speak at all with specific reference to workmen. on the other hand, its powers relate to the general aspects of nationalisation, of management when private businesses are nationalised and a plurality of problems which, incidentally, involve transfer of service of existing employees of insurers. the workmen qua workmen and industrial disputes between workmen and the employer as such are beyond the orbit of ..... -over legislation, provides for recruitment, transfers, promotions and the like. it is special vis-a-vis nationalisation of life insurance but general regarding contracts of employment or acquiring office buildings. emergency measures are special, for sure. regular nationalisation statutes are general even if they incidentally refer to conditions of service.(emphasis added)21. a reading of the above paragraphs goes to show that a statute .....