Judgment Search Results Home > Cases Phrase: jute companies nationalisation act 1980 section 8 payment of further amounts Court: rajasthan Page 3 of about 41 results (0.103 seconds)

Commissioner of Income Tax Vs. P.i. Industries Ltd.

Court : Rajasthan

Reported in : (2009)221CTR(Raj)259

..... for the older employees to retire from service, and that payment of compensation to induce the workmen to retire prematurely, was an item of expenditure incurred by the company on the ground of commercial expediency, in order to facilitate carrying on of the business. it was held, that such expenditure had been incurred on account of commercial ..... benefit, and it is a capital expenditure, and directed it to be treated as capital expenditure.4. the learned tribunal found, that the supreme court in the case of empire jute co. ltd. v. cit : [1980]124itr1(sc) held, that there may be cases where expenditure, even if incurred for obtaining an advantage of enduring benefit, may, ..... gives emphasis to the point, that nature of payment on account of vrs is an expenditure, which needs amortization, and no such provision was found in the act for the earlier period, whereby the claim could be allowed. the learned cit upheld the addition by finding that by effecting vrs there was brought into existence a .....

Commissioner of Income Tax Vs. Dr. A.M. Singhvi

Court : Rajasthan

Reported in : (2007)212CTR(Raj)1; [2008]302ITR26(Raj)

..... the installations and accessories were the assets of the municipality and not of the assessee. the expenditure, therefore, did not result in creating any capital asset for the company. the advantage secured by the respondent was immunity from liability to pay municipal rates and taxes for a period of 15 years. this court said that had these ..... orissa high court that it would depend upon the facts and circumstances of each case whether the expenditure in question is revenue or capital.9. in the case of empire jute co. ltd. v. cit : [1980]124itr1(sc) , the hon'ble supreme court has observed in para 11 as under:now so long as the expenditure in ..... to incur the expenditure for repairing/renovating the office premises. the cit(a), accordingly found that the said expenditure was required to be deducted under section 37 of the act. the revenue challenged the aforesaid decision of the cit(a) by preferring appeal before the tribunal, jodhpur. the tribunal, by the impugned order dt. 29th aug., 2003 .....

Vasudev Vyas Vs. National Insurance Co. Ltd. and ors.

Court : Rajasthan

Reported in : RLW2009(1)Raj62

..... for the respondents, only section 17a of the general insurance business (nationalisation) act, 1972 ['the act of 1972'] and the amendment scheme of 2005 issued thereunder are of statutory character and rest all has been left by the legislature to be worked out by the company and the authorities concerned to determine the manner in which the ..... .e., the cases of secretary to the government and anr. v. m. senthil kumar 2005 air scw 1269; and union of india and ors. v. indian jute mills associations and ors. 2005 air scw 2723 have got no relevance even to the very question as posed by the petitioner. in m. senthil kumar (supra), ..... part of the order of high court was set aside. similarly, in the case of indian jute mills associations (supra), the question was regarding extent of power of advisory committee constituted under jute packaging materials (compulsory use in packing commodities) act, 1987 to make its recommendations to the central government for formulation of road map for progressive .....

Dhara Gram Sewa Sehkari Samiti Limited Vs. Indian Farmers Fertilizers ...

Court : Rajasthan

Reported in : 1992WLN(UC)442

..... to the authorities having a corporate structure and exercising autonomy in certain spheres will certainly be useful for determining as to whether the state bank of india and the nationalised banks are establishments under the central government.46. port trust was held to be an organ of the state under article 12 vide dwarkadas marfalia & sons v. ..... character.45. in bank of india p.a. stalin and ors. (1988) 3 scc 105, it was held that even though the state bank of india and the nationalised banks, having corporate structure and freedom in the matter of day to day administration, may not be owned as such by the central government, they certainly fall within the ..... held to be 'state' within the meaning of article 12 in the decision reported in : [1990]2scr826 .48. indian oil corporation was a statutory body incorporated under the companies act, 1956. it had a monopoly in the supply of lubricants and it was held to be an organ of the state or an instrumentality of the state as contemplated under .....

Dharmendra Kataria Vs. Ganganagar Sugar Mills Ltd. and ors.

Court : Rajasthan

Reported in : RLW2007(3)Raj1892

..... of india (supra), this controversy is set at rest that the state bank of india and nationalised banks are establishments under the shops and commercial establishments acts of the various states and as such are exempted from the provisions of the said acts.26. this judgment was reiterated in another division bench judgment in riico, supra in para 10 ..... w. p.249 in which this court while following the ratio of the judgment in c.v. raman supra, held that riico being a government company was exempt from the operation of the act of 1958. in the aforesaid case, the facts were also similar. an employee of riico was working in one of its shop and his ..... and liquor and it also has a glass factory. sale of liquor is transacted through various government shops wherein shop manager and shop keepers are directly appointed by the company. they are therefore government servants and not private individuals. while referring to the judgment of the hon'ble supreme court in c.v. raman supra, mr. manish .....

Deputy Commissioner of Income Tax Vs. Joshi Formulabs (P) Ltd.

Court : Rajasthan

Reported in : (2000)67TTJ(NULL)396

..... question of any extra commercial consideration, as it is in the overall interest of the company which would be proved by increase in production and profitability in the later year. the company has foreign collaborator's as partners and under the company's act there is provision to declare the dealings with sister concern and price, etc. the. ..... on considering the rival submissions and the evidence on record we find that the commissioner (appeals) while applying the principles laid down by the supreme court in empire jute co. ltd. (supra) has misdirected himself in arriving at a conclusion against the assessee in the present case. in fact following principle laid down by the supreme ..... ap) , bleeze & central (p) ltd. v. cit : [1979]120itr33(mad) , p.s. subramanyan, income tax officer v. simplex 1v1)11s ltd. : [1963]48itr182(sc) , and empire jute co. ltd. v. cit : [1980]124itr1(sc) . out of these, the commissioner (appeals) specifically discussed the observations of the supreme court in empire .....

Modi Alkalies and Chemicals Ltd. Vs. the State of Rajasthan and ors.

Court : Rajasthan

Reported in : AIR1992Raj51; 1991(1)WLC452; 1991(2)WLN219

..... 17.15 crores and incurred commitments/charges in respect of the same. on march 5, 1981 (annexure-k) petitioner received certificate under the provisions of the companies act, 1956. on march 27, 1981 petitioner entered into lease agreement with rajasthan state and mineral development corporation ltd. whereby petitioner acquired land measuring 3,38,958. ..... would be entitled to exemption from payment of electricity duty for a period of 5 years from the date of commissioning of the plant. the petitioner-companies acting and relying on these assurances and promise established its factory at district alwar by investing large amount and has suffered as a result thereof. it is ..... notification annexure a seeks to revoke/withdraw and fixes electricity duty at the rate of 6 paisa per unit of the electricity consumed by the petitioner-companies. it is submitted that respondent no. 1 had given an unequivocal assurance through the notification annexure-d as well as through its letter dated april 18 .....

Vijai Singh Vs. Rajasthan State Road Transport Corpn. Ltd.

Court : Rajasthan

Reported in : (1994)ILLJ1038Raj; 1993(1)WLC577

..... and complex machinery of distribution. the government, its agencies and instrumentalities, corporations set up by the government under statutes and corporations incorporated under the companies act but owned by the government have thus become the biggest employers in the country.there is no good reason why a government is bound to ..... importance of employment in the public sector the parliament and the legislatures of the states have declared persons in the services of local authorities, government companies and statutory corporations as public servants and extended to them by express enactment the protection usually extended to civil servants from suits and prosecution. it ..... by the central government, in exercise of its appellate powers under section 111(3) of the companies act, 1956, quashed the appellate order of the central government and observed: 'if the central government acts as a tribunal exercising judicial powers and the exercise of that power is subject to the jurisdiction .....

Mohammad Yusuf and anr. Vs. Bhairon Singh Shekhawat

Court : Rajasthan

Reported in : AIR1995Raj239; 1995(2)WLN441

..... who treasures religion and ethics, a catholic or (for this matter) any one who believes in religion, cannot support the atheistic forces or their allies. to act otherwise would be a challenge to the holy teaching authority of the church. obvisouly the church-leadership which has given these guidelines has vested interest or selfish ..... reply was also filed by the respondent to this application. 11. on december 8, 1994, the original petitioner submitted an application under section 109 of the act seeking permission for withdrawal of the election petition. on december 13, 1994, this application for withdrawal was allowed. notice of withdrawal of the election petition was ..... attempted to interfere with the free exercise of any electoral right amounting to the corrupt practices of undue influence within the meaning of section 123 of the act. neither the manner in which the undue influence was exercised was mentioned nor the persons on whom the undue influence was exercised were named. even .....

Shree Cement Limited and anr Vs. State of Raj. and ors

Court : Rajasthan Jodhpur

..... mater of this decision of slsc dated 29.7.069 was initiated much earlier. when tested against the three premises mentioned above, it is clear that the applicant company has not acted in furtherance of that promise extended by the state government, but prior to, and independent of it. 39. the fact with regard to the second matter of ..... of the fact that the scheme is meant to promote and protect the industrial growth in the state." in support of the averments made, the applicant company has also cited the following cases: a. birla jute & industries ltd. v/s state of mp (reported in 119 stc page 14) (sc): "...there is no justification for reviewing the certificate ..... the judgments of the honble supreme court in mrf ltd. kottayam v. asstt. commissioner (assessment) sales tax & ors. reported in 2006 (8) scc 702 and s.l. srinivasa jute twine mills (p) ltd. v. uoi & anr. reported in 2006 (2) scc 740. consequently, the attempt to revise the slscs orders under clause 13 is impermissible and without .....