Judgment Search Results Home > Cases Phrase: indian boilers amendment act 2007 section 11 amendment of section 11 Year: 2003 Page 66 of about 660 results (0.517 seconds)

United India Insurance Co. Ltd. Vs. Minor Tanushree Mukherjee and ors.

Court : Kolkata

Reported in : I(2005)ACC652

..... any avail to the respondents in the present case. the tariff as amended from time-to-time, cannot be given retrospective effect so as to include the present respondents as beneficiaries of the said regulation. moreover, the insurance policy in ..... with any scope for such personal accident coverage.16. it may be pointed out that the tariff, as referred to by mr. banik, supersedes the provisions of the indian motor tariff in existence upto 30th june, 2002. having regard to the facts and materials of the present case, we are afraid, such regulation cannot be of ..... the rules, regulations, rates, advantages, terms and conditions for transaction of motor insurance business in india in accordance with the provisions of part-ii(b) of the insurance act, 1938 as laid down by the (sic) advisory committee. mr. banik emphatically pointed out that the provides pf this tariff are binding on all concerned and any .....

Maharashtra Power Development Vs. Dabhol Power Company and ors.

Court : Company Law Board CLB

Reported in : (2003)117CompCas467

..... to this board looking into the affairs of a company incorporated outside india. this board has powers to look into the affairs of companies incorporated under the indian companies act only.the second is that, in its order dated 9.5.2002, while appointing joint provisional liquidators, the supreme court of mauritius also allowed the board ..... petitioner would have come to an end if the said offer had been accepted by the petitioner.unfortunately, the petitioner did not do so, where after by an amendment petition, the petitioner has made further allegations on the basis of subsequent events. therefore, even assuming that mr. freeman's appointment was invalid, yet, when the ..... issue was also agitated before the division bench of bombay high court. by an order dated 30.10.2002, the division bench permitted the petitioner to amend the petition before this board to include all the issues pending before bombay high court and directed that this board should endeavor over to dispose of the petition .....

Godavari Drugs Ltd. Vs. Jcit (Assts) Sr-1

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (2004)89ITD326(Hyd.)

..... what could strictly be described as "profit derived from the export of goods or merchandise out of india." the deduction is computed in the following manner:- 5. the finance act, 1990, has amended section 28 by inserting therein, clauses (iiia) (iiib) and (iiic) with retrospective effect with a view to ensuring that cash compensatory support (ccs), duty drawback (ddk ..... house for export, the benefit of deduction under section 80hhc was extended with effect from 1st april, 1989, to such supporting manufacturers. (i) the assessee should be an indian company or a person (other than a company) resident in india; (ii) he should be engaged in the business of export out of india of any goods or ..... c. devdas contended that only the net amount of rs. 31.99 lakhs alone ought to be considered as credit. he further relied on the published accounts of indian products ltd. which is at page 46a of the paper book filed, to show that the net amount was credited to purchase account and therefore the sum of rs .....

Rikhabchand M. Lalwani (Huf) Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Pune

Reported in : (2003)81TTJ(Pune.)964

..... laid down in section 144 of the civil procedure code. an argument was advanced on behalf of the revenue that with effect from 1-4-2003, there has been an amendment to the act, whereby clause (c) to section 45(5) has been introduced whereby it has been provided that where the amount of the compensation or consideration is subsequently reduced ..... advance to be adjusted against the running bills, and till the amount was adjusted against the running bills, it did not belong to the assessee. the conversion into indian rupees at the end of the year was only for account purposes. the amount could not be regarded as income of the assessee till it was adjusted against the ..... dispute involved in the present appeal.34. an argument was advanced on behalf of the revenue that w.e.f., 1st april, 2003, there has been an amendment to the act, whereby clause (c) to section 45(5) has been introduced whereby it has been provided that where the amount of the compensation or consideration is subsequently reduced .....

Zazman Exports Vs. the Ito

Court : Income Tax Appellate Tribunal ITAT Lucknow

..... amount by which such debt or part thereof exceeds the credit balance in the provision for bad and doubtful debts account made under that clause.a perusal of the amended provision also show that it should be bad in the previous year relevant to assessment year under consideration.9. the admitted fact are that in the year under ..... previous year relevant to assessment year 1992-93. not only this, the assessee had filed correspondence made with m/s j.v. finn, u.k. and with indian high commission, london and those correspondence also revealed that assessee came to know about the fact that amount was not recoverable in the previous year relevant to assessment year ..... the assessment proceedings was still open. the learned counsel also submitted that if any assessee is not able to create reserve required by the specific provision of the act, then still assessee can be permitted by the authorities to create such reserve so that he can claim the benefit and same reasoning is applicable for claiming the .....

Zazman Exports Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Lucknow

Reported in : (2004)90ITD210Luck

..... by which such debt or part thereof exceeds the credit balance in the provision for bad and doubtful debts account made under that clause." a perusal of the amended provision also show that it should be bad in the previous year relevant to assessment year under consideration.the admitted facts are that in the year under consideration, ..... year relevant to assessment year 1992-93. not only this, the assessee had filed correspondence made with m/s. j.v. finn, u.k. and with indian high commission, london and those correspondence also revealed that assessee came to know about the fact that amount was not recoverable in the previous year relevant to assessment year ..... the assessment proceedings was still open. the learned counsel also submitted that if any assessee is not able to create reserve required by the specific provision of the act, then still assessee can be permitted by the authorities to create such reserve so that he can claim the benefit and same reasoning is applicable for claiming .....

Steri Mould (P.) Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2004)88ITD78(Delhi)

..... paid to jrd & company in consideration for non-competition and confidentiality obligations undertaken by jrd & company and on account of termination of his veto right, amending the shareholders agreement and other arrangements, including terminating the consultancy arrangements as staled in the agreement dated 12-1-1998. these two receipts i.e. rs ..... .2, jrd further undertook to support any proposal or application made by wc, usa or whirlpool mauritius ltd. to the bank and financial institutions, indian government, reserve bank of india, or any other regulatory authority in india in connection with merger or any other financial arrangements or for increasing the ..... -tax noted that both these assessee-companies were shareholder of whirlpool of india ltd. (formerly known as kelvinator india ltd.) incorporated under the provisions of companies act, 1956. the main person who, was managing the business of these companies, was one shri jamshed r. desai (in short hereinafter referred as "jrd .....

Shv Energy South East Limited, Represented by Its General Manager (Fin ...

Court : Andhra Pradesh

Reported in : [2004]136STC100(AP)

..... supreme court held, 'the process of mining mica is a process of production within the meaning of section 2 (g) of the bihar sales tax act, 1947, as amended by bihar act vi of 1949.' the supreme court referred to the elaborate process that has been set out in the mica enquiry committee report of 1944-45 in support ..... are gaseous at normal ambient temperature and atmosphere pressure but may be condensed to liquid state at normal ambient temperature by the application of pressure and which conforms to indian standard specification no. is 4576. it does not speak about any process of manufacture of lpg from bulk gas.36. the gas cylinder rules, 1981 essentially deal ..... not the returns were accompanied by c form. the validity of the orders passed by the state government was questioned by india cement company, madras in the supreme court in indian cement ltd. v. state of andhra pradesh : [1988]2scr574 . the supreme court quashed the said g.os., on various grounds as being violative of articles 301, .....

Mafatlal Holdings Ltd. Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2004)85TTJ(Mum.)821

..... same, therefore, does not have any application to the present case. the case of kartikeya v. sarabhai (supra) is also not relevant because of amendment to section 45(3) of the act w.e.f. 1st april, 1988. this case pertains to the year 1981. sub-section (3) of section 45 was brought on the ..... registrar of firms. in the case of dulichand laxminarayan v. cit (1956) 29 itr 535 (sc), the hon'ble supreme court held that section 4 of the indian partnership act, 1932, clearly requires the presence of three elements to constitute a firm namely (i) that there must be an agreement entered into by two or more persons; ..... and to invest in and acquire and hold, sell or otherwise deal in shares, stocks, debentures, debenture-stocks, bonds, units, obligation and securities issued or guaranteed by indian or foreign governments, states, dominion, sovereigns, municipalities or public authorities or bodies or any company corporation, forum or person whether incorporated or established in india or elsewhere. .....

N.K. Proteins Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2004)83TTJ(Ahd.)904

..... resulting in addition on account of either bogus purchases or inflated purchases will surely come within the ambit of undisclosed income as defined in section 158b(b) as amended by the finance act, 2002 with retrospective effect from 1st july, 1995. the said provision is reproduced below: (b) "undisclosed income" includes any money, bullion, jewellery or other ..... advantages, such as savings in all kinds of taxes, duties, utilisation of black money and various other factors, the legislature in its wisdom has amended section 40a(3) by the finance act, 1995 w.e.f. 1st april, 1996 which provides for disallowance of 20 per cent of such expenditure incurred otherwise than by crossed or account ..... view of decisions in the cases of vijay proteins ltd. (supra) and is also supported by judgment of hon'ble rajasthan high court in the case of indian woollen carpet factory v.itat. no separate or fresh addition is being made by us but this important factor is taken into consideration as to how much addition .....