Judgment Search Results Home > Cases Phrase: income tax act 1961 section 280z tax credit certificates to certain equity shareholders omitted Sorted by: old Page 8 of about 104 results (0.145 seconds)

County of Cass Vs. Johnston

Court : US Supreme Court

..... assessor for county purposes." "sec. 3. the county treasurer shall be authorized and required to receive and collect of the sheriff of the county the income from the tax provided in the previous section, and to apply the same to the payment of the stock subscription according to its terms or to the payments of interest ..... , to be held therein, shall assent thereto." in 1871, the legislature of missouri so amended sec. 2 of the township aid act of 1868 as to make the tax therein provided for a tax upon all the real estate and personal property within the township. the county answered that said bonds were issued in payment of a ..... town, at a regular or special election to be held therein, shall assent thereto." in harshman v. bates county, 92 u. s. 569 , we incidentally decided the act to be unconstitutional; but the point then specially in controversy was as to the applicability of this constitutional prohibition to township organizations. it was impliedly conceded upon the argument that .....

Railroad Company Vs. Maine

Court : US Supreme Court

..... the cost and expenses of their roads. it was only upon such report that the legislature was to determine the portion of the income which should be received in lieu of other taxes. the new company was subject to no such duty of keeping an account of the expenditures and receipts of the original lines; ..... pleasure of the legislature, in the same manner as if an express provision to that effect were therein contained, unless there shall have been inserted in such act of incorporation an express limitation or provision to the contrary." although this provision could not bind any succeeding legislature which might choose to disregard it, so long ..... the election of the directors, the corporation making the agreement were to be consolidated, and together to constitute a new corporation, by the name therein mentioned. the act provided that the new corporation thus formed should have "all the powers, privileges, and immunities" possessed by each of the corporations entering into the agreement, and be .....

Railroad Company Vs. Vance

Court : US Supreme Court

..... however that nothing in this contract contained shall be so construed as to render the party of the first part in any way liable for the tax specifically upon the income of the holders of the bonds or stocks of the party of the second part." under this lease, the complainant took possession of all the ..... to confer upon the corporation of another state authority to extend its operations by carrying on railroad business in illinois. we cannot thus restrict the effect of the act without disregarding wholly the ordinary meaning of the plain words of its second section, which declares that the lessees, their associates, successors, and assigns, shall be ..... been assessable against and collectible from the st. louis, alton & terre haute railroad company depends for its solution altogether upon the construction to be given to that act. upon the theory of complainant's counsel, the state of illinois cannot make the leased property liable to these assessments upon capital stock and franchise under any .....

New Jersey Vs. Yard

Court : US Supreme Court

..... corporation which should thereafter be granted by the legislature should be subject to alteration, suspension, and repeal in the discretion of the legislature. on march 28, 1862, a general tax act was approved, the eighth section of which enacts that all private corporations of the state except those which, by virtue of any irrepealable contract in their charters or other contracts ..... right of way; and the state wished the vexed question of the right to tax the corporation to be settled. for the company denied the right page 95 u. s. 116 of the state to tax them under their charter, until the road paid them a net income of seven percent per annum on its cost. the legislature said if you ..... will consent to pay the one-half of one percent tax as originally agreed, and commence to do this within one year from .....

New Orleans Vs. Clark

Court : US Supreme Court

..... , actions and rights of action, books, accounts, and vouchers be, and they are hereby, vested in the city of new orleans, provided that all estates, income funds, or property of every description now held in trust by said city of carrollton, or which shall have been specially pledged or affected by the payment of ..... therefor, provided further that all officers of said city of carrollton shall continue as at present constituted to discharge the duties of their respective offices until this act of incorporation can be completed by putting into possession of the proper officers of the city of new orleans the books, papers, records, documents, and other ..... enlarged, according to the requirements of the public, and which may be increased or repealed at the will of the legislature. in directing, therefore, a particular tax by such corporation, and the appropriation of the proceeds to some special municipal purpose, the legislature only exercises a power through its subordinate agent which it could .....

The Empress Vs. Burah and Book Singh

Court : Kolkata

Reported in : (1878)ILR3Cal64

..... the town of calcutta for the illegal seizure of a buggy. the defendant justified the seizure under act xvi of 1847, and certain rules which the commissioners had made under that act, alleging that the plaintiff had not paid the carriage tax assessed upon him by the commissioners. the plaintiff demurred to the plea, raising a question as to ..... act as act xxii of 1869, so far as we are concerned with it now, which ..... merely to terminate the operation of established laws.81. there is another class of acts in which there is apparently a clear delegation of legislative power. i refer to acts which contain a provision giving power to make rules or bye-laws, and to impose taxes or fix fees and charges; but these are clearly distinguishable from such an .....

Lalubhai Surchand Vs. Bai Amrit and ors.

Court : Mumbai

Reported in : (1878)ILR2Bom299

..... 's remained imperfect, both instruments were executed on the same day; and under different circumstances we might have to discuss whether the analogy of the registration acts, which admit fractions of days in determining the priorities of instruments according to the time of registration, applies in india to the execution of the instruments; ..... equal weight. of the 'legal proofs described as writings, witnesses, and possession' (yajn. ii, 22, narada on evidence, 2 jolly, p. 23), narada (loc. cit.) says that 'the first is superior to the second, but possession is more decisive than the other two.' where, therefore, there is possession fortifying one of two titles, ..... in the judgment itself. how the practice, therefore, was 'recognized,' we cannot see. the 'legislation' to which the learned judge refers, is the indian registration act. that registration supplies a defect of possession, we think, is true; but that it follows as a consequence that a written contract at once changes the ownership, .....

Railroad Company Vs. Georgia

Court : US Supreme Court

..... the savannah, albany, and gulf railroad company, and to the atlantic and gulf railroad company, or by the act consolidating them under the name of the last company, was not liable to be taxed more than one-half of one percent on its annual net income, and that said act of feb. 28, insofar as it authorized the levy and collection of a higher ..... tax on its property, was in violation of the page 98 u. s. 360 tenth section of the first article ..... doubt. if their rights are now the same as they were when the original charters of the two companies were first granted, it is quite clear the provisions of the taxing act of 1874 could not be applied to them without impairment of the contracts they had with the state. neither of the companies, however, is now existing under or by virtue .....

Welch Vs. Cook

Court : US Supreme Court

..... to be independent of the action of all preceding bodies. other and different exemptions had before existed; no settled system had been adopted. the act of the legislative assembly of 1871, fixing the taxes for that year, gave more than forty exemptions in great detail, covering an entire page in the statute book (p. 26); that of ..... that belonging to the united states and to the district of columbia, and that used for educational and charitable purposes, the following taxes, namely." under this act, the commissioners of the district assessed, for the taxes for the year ending june, 1875, certain real property of welch within the district which was employed for manufacturing purposes and was ..... ; and that it knew that the result of declaring all the property, with certain exceptions, to be liable to the payment of taxes for the year ending june, 1875, was to make that act stand in the place of all others upon the subject. the exemption of manufacturing property, as we have shown, was a bounty .....

Fosdick Vs. Schall

Court : US Supreme Court

..... court, in the exercise of a sound judicial discretion, may, as a condition of issuing the necessary order, impose such terms in reference to the payment from the income during the page 99 u. s. 252 receivership of outstanding debts for labor, supplies, equipment, or permanent improvement of the mortgaged property as may, under the circumstances ..... three months, and all indebtedness for engines, iron, wood, supplies, cars, or other property purchased within said period of three months for the use of the company;" 3. taxes, insurance, and charges of litigation; and, 4. liabilities for animals killed by engines or cars upon the line of the road. on the 5th of may, 1875, ..... shipping receipts to be sent to the railroad company's office, no 38 pine street, new york." "it is understood the sellers shall not be responsible for the acts of providence, strikes of workmen, or other causes beyond their control, which may retard and delay the manufacturing and delivery of the said cars as above stated." " .....