Judgment Search Results Home > Cases Phrase: indian railway companies act 1895 Court: allahabad Page 88 of about 2,864 results (0.073 seconds)

Reserve Bank of India Vs. Krishi Export Com. Corpn. Ltd.

Court : Allahabad

..... restrain order dated 27.10.1999 passed by this court in the winding up petition. he has also placed reliance upon section 536 (2) and 537 of the companies act, 1956 which provides that any disposition of the property made after the commencement of the winding up and any sale held without the leave of the court shall be ..... his intention in respect of his property which he desires to be carried out after his death. 'will' has been defined in section 2 (h) of the indian succession act, 1925 to mean a legal declaration of the intention of the testator with respect to his property which he desires to be carried out into effect after his death. ..... against a transferee with notice of the contract or a gratuitous transferee of the property. thus the equitable ownership in property recognized by equity in england is translated into indian law as an obligation annexed to the ownership of property, not amounting to an interest in the property, but an obligation which may be enforced against a transferee .....

Shervani Industrial Syndicate Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2006)99TTJ(All.)123

..... the time-limit as prescribed in section 139(5), which had expired in this case on 31st march, 2001. the accounts had been drawn as per the provisions of companies act, 1956 and the sum in question stood credited in the p&l a/c distinctly under the head 'exceptional items'. on the basis of accounts so drawn (which were ..... 1986, laid down as under by reiterating its earlier stand : in the second place, there is a duty cast on the ito to apply the relevant provisions of the indian it act for the purpose of determining the true figure of the assessee's taxable income and the consequential tax liability. that the assessee fails to claim the benefit of a set ..... . ltd , wherein the hon'ble court observed as under : 'in the second place, there is a duty cast on the ito to apply the relevant provisions of the indian it act for the purpose of determining the true figure of the assessee's taxable income and the consequential tax liability. merely because the assessee fails to claim the benefit of a .....

Gorakhpur Petro Oils Ltd. Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2005)95TTJ(All.)489

..... authorised agent of the assessee. in the case in hand, it is not the case of the department that advocate who received notice on behalf of the assessee-company acted as such even in the past or was authorized to receive notice on its behalf. the ratio of the above cases is fully applicable to the facts of ..... their respective orders, but it will be in the fitness of things to recapitulate the factual position in a summarized manner.3. assessee is a public limited company which was incorporated under the companies act, 1956, on 3rd march, 1992 for retail business of refining "used oils" (petroleum products) as its main business and manufacturing unit was set tip ..... . the first infirmity is that the notice contains block period from 1st april, 1985 to 9th nov., 1995 while the assessee-company came into existence on 3rd march, 1992, the date of its incorporation under the companies act, 1956, and in view of it, the ao was not justified to mention block period commencing from 1st april, 1985. .....

M/S. Mohit Paper Mills Ltd. and Another Pvvnl and Others

Court : Allahabad

..... kva is the sanctioned and agreed load termed as 'contracted load' under statute. 'presently pashimanchal vidhyut vitran nigam ltd., a company incorporated under companies act (hereinafter referred to as 'pvvnl'), a subsidiary company of u.p. power corporation ltd. (hereinafter referred to as 'uppcl') is looking after distribution of electrical energy in the ..... accordance with law expeditiously taking into consideration the fact that it should not be a case of electricity theft under section 135 of the indian electricity act (hereinafter called the act). shri h.p. dubey, learned counsel appearing for the power corporation has stated that considering the instant case of electricity theft, ..... rule 3 of 2004 rules. judicial notice can be taken of the fact that the post of commissioner of a division is a cadre post under indian administrative service (cadre) rules, 1954 and, therefore, by necessity, the appellate authority constituted under section 127 is an executive authority, though not an .....

Raj Kumar Singh and Co. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (1994)51ITD628(All.)

..... for personal expenses did not deprive the assessee of the benefit of deduction of the entire interest paid on borrowed capital under section 10(2](iii) of the indian income-tax act, 1922 and a part of the interest could not, therefore, be disallowed.14. likewise, the hon'ble madhya pradesh high court in the case of alok ..... in our opinion, that proposition does not appear to be correct. when certain shares had been received in exchange of the old shares after amalgamation of a company into another company and the shares received in exchange were far in excess of the original value of the shares, then the actual cost of the shares allotted in exchange ..... of the machinery. it is also a hard fact that hirers are never responsible for major repairs unless specifically agreed upon in the agreement deed.here, both the companies, m/s friends construction co. and jaiprakash associates had only agreed in the agreement deed for minor repairs and not for major repairs. hence, the natural conclusion .....

Dr. A.K. Bansal Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (2000)73ITD49(All.)

..... based on a provision subsequently held to be ultra vires, was not a nullity like an order of a court lacking jurisdiction and that section 67 of the indian income-tax act, 1922, operated as a bar to the maintainability of such a suit. in dealing with the question whether section 67 operated as a bar to a ..... was being effected through the allied business of madan mohan damma mal who were the sole selling agents of the petitioner firm which was not accounted for in the company's books of account ... that the petitioner was maintaining duplicate sets of accounts which were different from the books which were being produced before the income-tax department ..... & managing director of m/s. microland and also microland ltd., were mentioned. the learned counsel for the assessee has verbally stated that the name of the assessee-company was interplated at a later point of time. from a thorough examination of the photocopy of the search warrant, we also feel that there is some scope for suspecting .....

Sahara India Mutual Benefit Co. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Allahabad

..... borne out from the records and the orders of the revenue authorities available on records.4.1. the assesses is a limited company registered under the companies act and was carrying on the business of para-banking activities. the assessee-company started two deposit schemes, namely, golden fixed deposit account (in short known as gfda scheme) and golden growth fund (in ..... in para 2 above (wherein the order of the aac for the asst. yr. 1960-61 has been discussed), the ito's order under section 23(3) of the indian it act, 1922, dt. 6th feb., 1964, is erroneous, the assessment is, therefore, set aside and the ito is directed to make a fresh assessment in accordance with law." ..... by the assessee that is the remex constructions case referred to supra. 12. (in this para the hon'ble tribunal has discussed the decision in the case of indian oil ltd.--reproduction not necessary) 13. applying the aforesaid law, the contrary of which has not been brought to our notice at all, the issue before the cit .....

Swadeshi Cotton Mills Co. Ltd. Vs. Income-tax Officer, Special Investi ...

Court : Allahabad

Reported in : [1963]50ITR101(All); [1966]60ITR720(All)

..... further profits or not and second, the equity shares. preference share capital is broadly defined in section 85 of the indian companies act, and provides that, in respect of dividends, it carries or will carry, a preferential right to be paid, a fixed amount or an amount ..... nature and character of these preferred ordinary shares has to be considered by reference to the provisions of the indian companies act. shareholding is divisible in various ways and different companies have adopted different schemes. the indian companies act of 1956 has reduced the categories of shares to two : one is the preference share whether participating in ..... equtiy shares but having certain priority in special circumstances, when participating in profits with the equity shareholders.with this background, the position under the companies act of 1956 may now be examined in order to determine the precise point which arises here, whether the capital of rs. 1 crore, 57 .....

Commissioner of Income-tax, U.P. Vs. RoopnaraIn Ramchandra (a Firm).

Court : Allahabad

Reported in : [1966]60ITR314(All)

..... and no particulars about them were given in it. the seconds is that the total number of partners exceeded twenty and the partnership became illegal under the indian companies act. the third is that there was no partnership in existence, constituted as shown in the instrument of partnership, there being no partnership of only the eight ostensible ..... partnership deed and the application for registration did not represent the correct state of affairs. section 4(2) of the indian companies act (no. 7 of 1913), which was in force then, laid down that no company, association or partnership of more than 20 persons can be formed for the purpose of carrying on any business that has ..... was open to the partners of the assessee-partnership to keep their number below 20 so as not to infringe the provisions of section 4 of the companies act. according to the partnership deed the eight persons were its partners in their individual capacities as against their co-partners and only they were entitled to the .....

Nandlal Bhandari Mills, Ltd., Cawnpore, in Re.

Court : Allahabad

Reported in : [1939]7ITR452(All)

..... new york and there manufactured and sold typewriter machines. the respondent company had been incorporated under the indian companies act, 1913, and had purchased from the american company for shares the goodwill of that company in the bombay presidency and adjoining territory; the american company held all the shares except three issued to that companys nominees. two other companies had been incorporated in india, each being in substance in ..... the same position towards the american company as the bombay company; respective business territory .....