Court : Kolkata
Reported in : AIR1959Cal585
K.C. Das Gupta, C.J. 1. The main question for decision in this appeal is whether the plaintiff, who is the appellant before us, should be allowed to raise an issue as regards relief under Section 65 of the Indian Contract Act though the suit as framed was for recovery of a sum of money on the basis of a contract and on an allegation of failure of consideration for the contract. It appears that the plaintiff being in need of a Lancashire Boiler registered its requirement with the Department of Government which had been helping parties in India to obtain such boilers from abroad. By a letter dated 31st of January 1946 addressed to the Assistant Coal Commissioner of the Department of Industries and Supplies. Government of India, the plaintiff requested allocation of 2 Lancashire Boilers including one 'by John Thompson with a working pressure of 150 lbs. per sq. inch complete with fittings, mountings and firebars'. On 19th February 1946 the Assistant Coal Commissioner wrote that one second...
Tag this Judgment!Court : Kolkata
Reported in : [1971]80ITR428(Cal)
P.B. Mukharji, C.J.1. This income-tax reference under Section 66(1) of the Indian Income-tax Act, 1922, refers the three following questions for determination by the court. The questions are :'(1) Whether, on the facts and in the circumstances of the case, theTribunal was right in holding that the steel foundry division was an industrial undertaking to which Section 15C of the Indian Income-tax Act, 1922,applied?(2) Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the jute mill division set up by the assessee-company was an industrial undertaking to which Section 15C of the Indian Income-tax Act, 1922, applied?(3) Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the claim for deduction of wealth-tax paid during the accounting year was admissible in computing the assessee's profits from its business ?' 2. We can straightaway dispose of the third question as we find it isalready covered by...
Tag this Judgment!Court : Chennai
Reported in : AIR1931Mad152; (1931)60MLJ551
Reilly, J.1. These two appeals relate to suits in which the Corporation of Madras claimed declarations that the Madras Electric Tramways Company and the Madras Electric Supply Corporation respectively were subject to the. control of the Commissioner of the Corporation under Sections 287 and 288 respectively of the Madras City Municipal Act. The suits were tried by the Judge of the City Civil Court, who dismissed both of them. They came on appeal before Waller, J., whose opinion was that both the Companies carried on their operations under special Acts, or what were equivalent to special Acts, inconsistent with the general Act, the City Municipal Act, and that the Corporation of Madras were not entitled to the declarations for which they sought. He upheld the decision of the City Civil Court; and it is against that decision that these two appeals have been preferred.2. I think it will be convenient to deal with the two cases separately, and, if I may say so with great respect, I doubt w...
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Pune
The assessee is a public limited company and is engaged in the business of designing, engineering, fabrication, procurement and assembly, erection, installation and commissioning on ground boilers with the help of sophisticated technology for petrochemical, fertilisers, sugar and other process industries. The first grievance of the assessee relates to addition of Rs. 60,30,000 on account of provisioning made on account of revenue recognition on percentage of completion method. The year under consideration is the first year of assessees business and for arriving at the portion of the profit of the long-term contracts, whose execution is spread over more than one accounting period, the company maintained accounts on the percentage of completion method, now formally recognised as Accounting Standard 7 (AS-7) of the Institute of Chartered Accountants of India. In other words, in respect of long-term contracts the profit was shown by adopting the following method : Following break-up of th...
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Pune
1. The assessee is a public limited company and is engaged in the business of designing, engineering, fabrication, procurement and assembly, erection, installation and commissioning of Ground Boilers with the help of sophisticated technology for Petrochemical, Fertiliser, Sugar and other process industries.2. The first grievance of the assessee relates to the addition of Rs. 96,37,000 on account of provisioning made on account of revenue recognition on percentage of completion method. The facts and arguments of both sides are identical to those discussed by us in I.T.A. No.157/Pune/1995 for the earlier assessment year i.e. 1990-91. As such the decision given by us in the aforesaid order will apply mutatis mutandis to the facts of the present case. For the reasons discussed therein, we hold that there is no justification for the impugned addition of Rs. 96,37,000 on account of provision made on account of revenue recognition on percentage of completion method. The same is accordingly d...
Tag this Judgment!Court : Appellate Tribunal for Electricity APTEL
P.S. DATTA, JUDICIAL MEMBER The appeal presents a pure question of law: whether the Tribunal can give directions to the Madhya Pradesh Electricity Regulatory Commission to amend, modify or relax any of the provision of the Madhya Pradesh Electricity Regulatory Commission (Terms and Conditions for determination of Generating Tariff) Regulations, 2009 on the alleged ground that it has been found impossible for the appellant, a generating company within the meaning of Section 2 (28) of the Electricity Act,2003 to reach the benchmarks or the yardstick fixed by the Commission in its said Regulations, 2009, by virtue of the provisions contained in the said Regulations conferring power to the Commission to amend the Regulations. 2. Madhya Pradesh State Electricity Board, following the reforms in the power sector was bifurcated and restructured as a result of which the function of power generation has been vested with the appellant. The function of retail distribution of power has been vested ...
Tag this Judgment!Court : Madhya Pradesh
Reported in : AIR1962MP301
Krishnan, J.1. This is an appeal by the plaintiff from the judgment and decree dismissing his suit for compensation, in respect of a consignment belonging to him, of a boiler and attached parts, carried by the Railway from Kanpur to Sehore, parts of which on arrival were found to have got broken, and parts missing. The questions for decision at this stage are,(i) Whether the suit was bad, (a) for non-compliance with the provisions of Section 77, Railways Act, the claim being preferred in writing more than after six months from the date of delivery of the goods for carriage; (b) for non-joinder, as party, either of the two railway administrations i.e. Northern Railway administration to which the goods were delivered by the consignor and the Central Railway administration over which the goods had to be carried during the latter part of the transport; (c) for limitation under Article 30, and the effect, if any, of the defendant's not having pleaded that the suit had been filed beyond the ...
Tag this Judgment!Court : Rajasthan
Reported in : 1970WLN398
Jagat Narain, C.J.1. This is an appeal by the State of Rajasthan (defendant No. 2) against a decree of the District Judge, Kota, dated 25-9-58 decreeing a suit instituted against it and against the Union of India (defendant No. 1) by the Associated Stone Industries Kota (hereinafter referred to as the Company).2. The relevant facts are that the Ruler of the erstwhile State of Kota entered into an agreement Ex. A on 2-5- 45 with the Company for quarrying Kachcha stone from the Tehsils of Ramganj Mandi and Chochat. Monopoly rights for quarrying Kachcha stone in these two tehsils were granted to the Company for a period of 15 years from 1-10- 44. The terms and conditions contained in Clause 18(1) of the agreement ran as under:In consideration of the concessions and privileges granted by the Grantor and in lieu of income-tax, super tax and excess profits tax, the Grantee convenant to pay to the Grantor royalty on the stone excavated at the rate of rupee one per 100 sq. ft., subjected to th...
Tag this Judgment!Court : Chennai
Reported in : (1985)IILLJ509Mad
1. This writ petition is for certiorari to quash G.O.Ms. No. 1482 (Labour) dated 4th July, 1984, in and by which the Government of Tamil Nadu directed a reference of the dispute between the workmen and the management of the Boiler Auxiliaries Project of Bharat Heavy Electricals Ltd., Ranipet, North Arcot District in respect of bonus for the accounting years 1981-82 and 1982-83. 2. The facts of the case are as follows : The Supervisor Union, BHEL/BAP, Ranipet, raised an industrial dispute against the management of Boiler Auxiliaries Project of BHEL, Ranipet over the issue of payment of bonus for the years 1981-82 and 1982-83. Conciliatory talks were held by the Commissioner of Labour in this dispute. The other unions functioning in the establishment, viz., Boiler Auxiliaries Project, Anna Workers Union, Ranipet also participated in the conciliatory talks. Since no settlement was possible the Commissioner of Labour sent a conciliation failure report to the Government. Thereupon, consider...
Tag this Judgment!Court : Mumbai
S.J. Vazifdar, J. 1. This Income Tax Reference arises out of RA Nos.1052 and 1053/Bom/1991 which, in turn, arise out of ITA Nos.5033 and 5034/B/1986, which were disposed of by the order of the Income Tax Appellate Tribunal dated 9th January, 1991, and pertain to assessment years 1981-82 and 1982-83. 2.(A) The Tribunal has referred the following questions for the opinion of this Court, at the instance of the assessee under section 256(1) of the Income Tax Act, 1961: “Assessment year : 1981-82 1) Whether on the facts and in the circumstances of the case, the Tribunal erred in holding that the sum of Japanese Yen 2,973,750 paid to Toyo Engineering Corporation was chargeable to tax in India? 2) Whether on the facts and in the circumstances of the case, the Tribunal ought to have held that the sum payable was “Industrial or Commercial Profits” within the meaning of the Article III of the DTAA between India and Japan and was, therefore, not liable to be taxed in India, the ...
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