Judgment Search Results Home > Cases Phrase: jute companies nationalisation act 1980 section 8 payment of further amounts Page 3 of about 3,429 results (0.233 seconds)

Orissa Forest Development Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Cuttack

Reported in : (2002)80ITD300Ctk

..... the total income of the undertaking. it is of common knowledge that the state bank of india and other nationalised banks are required to implement various programmes of the government towards alleviation of the conditions of the poor and rural ..... by making investment in government loans for the purpose of furthering sales and to boost the business of that assessee-company by procuring orders from the government for motor vehicles, was allowable.taking into consideration all these aspects, we are ..... in support of this consideration, he has placed reliance on the judgment of the supreme court in the case of kedarnath jute mfg. co. ltd. v. cit (1971) 82 itr 363 (sc).13. taking cue from the abovementioned judgments, we ..... be pertaining to the earning of agricultural income. the expression 'agricultural expenses' has not been defined anywhere in the it act. such expenses which are necessarily required to be incurred for earnings agricultural income, can alone be considered as agricultural expenses .....

Nagavarapu Krishna Prasad and anr. Vs. Andhra Bank Ltd.

Court : Andhra Pradesh

Reported in : [1983]53CompCas73(AP)

..... and his coterie consisting of his close relatives and nominees are attempting to gain control over the company to be formed, by giving instances of his past conduct. it is stated that when hindustan ideal insurance company ltd. was taken over under the general insurance business nationalisation act, he managed to get an authorisation from the shareholders to receive the compensation amount, and though ..... and hence the material facts were not placed to enable the shareholders to come to a decision. reference was made to sheth mohanlal ganpatram v. shri sayaji jubilee cotton and jute mills co. ltd. [1964] 34 comp cas 777 (guj), in which it was observed that the object of enacting s. 173 is to secure that all facts which have a .....

Fine Knitting Co. Ltd. and ors. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : AIR1987SC167; [1986]60CompCas1083(SC); JT1986(1)SC450; 1986(2)SCALE442; (1986)4SCC276; 1986(2)LC610(SC)

..... over of management) ordinance and then under the sick textile undertakings (take over of management) act. this was followed by its nationalisation under the sick textile undertakings (nationalisation) act. the take over of management and the subsequent nationalisation are questioned in this writ petition which was originally filed in the high court of gujarat ..... and distinct undertakings and, therefore, the hosiery undertaking which would not fall within the definition of a textile undertaking could not be taken over and nationalised. another submission of shri tarkunde was that by the judgment dated september 17, 1986 in transfer case no. 29 of 1983. date of ..... undertakings (taking over of management) act and the deeming provision in section 4(3) of that act. 'textile'is defined as including 'yarn or fabrics made either wholly or partly of cotton, wool, jute, synthetic and artificial (man-made) fabrics.' 'textile company' is denned as meaning 'a company specified in the third column of the .....

United Bank of India Vs. Ram Raj Goala

Court : Kolkata

..... conditions of the service of the plaintiff are still matters of contract between the bank administration and the plaintiff. in such circumstances, even assuming that after nationalisation a bank employee has acquired status of public employment for certain purposes it cannot be held that the plaintiff is enforcing his right under a statute ..... contractual obligations between the bank and the employees but now such rules and regulations continuing by virtue of the provisions of the said banking companies (acquisition and transfer of undertakings) act, 1970 would be statutory law, mr. moitra also referred to another bench decision of the orissa high court made in the case of ..... the question whether the said superannuation amounts to termination or retrenchment. mr. moitra also referred to a decision of this court made in the case of titagarh jute factory v. sriram tewari (1979) labour and industrial cases 513, d.c. chakraborty, j. held in the said decision that dispute between an employer and .....

Workmen of Kettlewell Bullen and Co. Ltd. Vs. Kettlewell Bullen and Co ...

Court : Supreme Court of India

Reported in : AIR1994SC1550; 1995(1)BLJR119; (1994)2CALLT19(SC); [1994(68)FLR302]; (1995)ILLJ1201SC; 1994(1)SCALE30; (1994)2SCC357a; [1994]1SCR22; 1994(3)SLJ194(SC); 1994(2)LC184(SC); (1

..... that the bonus was not paid in any year of loss and it was also observed that the concept of any customary bonus was unknown to nationalised banks and that in all the nationalised banks which are wholly owned undertakings of the government of india, the employees must be dealt with on a common denominator in the matter of ..... 31st december, 1970, 31st december, 1971 and 31st december, 1972. under the said settlement it was agreed as under :(a) all the clerical and subordinate staff of the company working at 21, strand road, calcutta-1, will be paid bonus in respect of each of the accounting years ending 31st december, 1970, 31st december, 1971 and 31st ..... cannot therefore affect the rights and obligations belonging to a different world or claims and conditions. (p.647)25. in hukam chand jute mills ltd. case (supra) while referring to section 17 of the bonus act, this court has observed :section 17 in express terms refers to puja bonus and other customary bonus as available for deduction from .....

Commissioner of Income Tax Vs. the Nedungadi Bank Ltd.

Court : Kerala

Reported in : (2003)182CTR(Ker)403; [2003]264ITR545(Ker); 2003(2)KLT443

..... basis of the market value of the securities and shares. the supreme court noted the following undisputed facts:'(a) the appellant is a nationalised bank and, therefore, is governed by the banking regulation act, 1949.(b) the appellant follows the mercantile system of accounting both for book-keeping purpose as well as for tax purposes.(c) the ..... -sections (1), (2a) and (4)(a) thereof without the explanation reads thus:'24(1): after the expiry of two years from the commencement of this act, every banking company shall maintain in india in case, gold or unencumbered approved securities, valued at a price not exceeding the current market price, an amount which shall not at the ..... cases, it is open to the income-tax officer as well as the assessee to point out the true and proper income while submitting the income tax return. in kedarnath jute mfg. co. ltd. v. cit : [1971]82itr363(sc) , this court has negatived the contention that (page 367):'........ if an assessee under some misapprehension or .....

Cit Vs. Nedungadi Bank Ltd.

Court : Kerala

Reported in : [2003]130TAXMAN93(Ker)

..... basis of the market value of the securities and shares. the supreme court noted the following undisputed facts :'(a) the appellant is a nationalised bank and, therefore, is governed by the banking regulation act, 1949.(b) the appellant follows the mercantile system of accounting both for book-keeping purpose as well as for tax purposes.(c) the ..... .'** ** **(2a) (a) notwithstanding anything contained in sub-section (1), or in subsection (2), after the expiry of two years from the commencement of the banking companies (amendment) act, 1962(i) a scheduled bank, in addition to the average daily balance which it is, or may be, required to maintain under section 42 of the reserve bank ..... cases, it is open to the income tax officer as well as the assessee to point out the true and proper income while submitting the income-tax return. in kedarnath jute mfg. co. ltd. v. cit : [1971]82itr363(sc) , this court has negatived the contention that :. if an assessee under some misapprehension or mistake fails .....

United Bank of India Ltd. Vs. United India Credit and Development Comp ...

Court : Kolkata

Reported in : [1977]47CompCas689(Cal)

..... reasons :(a) petitioner-bank was one of the foremost banking concerns of the eastern region in india and banking business being nationalised with effect from 10th of july, 1969, under the provisions of the banking companies (acquisition and transfer of undertakings) act, 1970, the undertaking of the petitioner-bank became vested in the corresponding new bank, viz., united bank of india.(b) under ..... business of preparing schemes for diversification by existing traditional industries such as tea, sugar and jute industries, such schemes being financed by funds raised against mortgage of existing assets and issue of capital to be raised by the petitioner-company from the market ; studying cases of various companies in the eastern region which are closed and not functioning well, etc., as stated in .....

Madanlal Patodia and ors. Vs. Luxminarayan Cotton Mills Ltd. and ors.

Court : Kolkata

Reported in : [1978]48CompCas747(Cal)

..... of the present case, the petitioners are entitled to an order of rectification as asked for in the application under section 155 of the companies act, 1956 regarding the objection that in view of the sick textile undertakings (nationalisation) act, 1974, the petitioners have no locus standi and the application is not maintainable, in my view, the said contention is utterly baseless, as the ..... not affected in any way the right of the petitioners to apply under section 155 of the companies act, 1956, for rectification of the share register. the said nationalisation act has acquired the right of the owners in respect of the said company which was declared to be a sick undertaking and now vests in the national textile corporation of west bengal, assam and bihar .....

In Re: Geo Rubber Exports Limited

Court : Company Law Board CLB

Reported in : (1991)72CompCas713

..... and tinnevelly tuticorin electric supply co. ltd. (comp petition no. 224(17) clb of 1975). "as the company's electricity undertaking has been nationalised by the tamil nadu government, the equity shareholders desire that the company should continue to function by incorporating other useful objects in the objects clause of the memorandum of association legally under section ..... cas 287 (cal) that if the alteration proposed is one of the several things enumerated in clauses (a) to (g) of section 17(1) of the act, the court has jurisdiction to confirm the alteration either wholly or in part. it has further been observed that the power of the court in this section is ..... of various courts in the cases of industrial cables (india) ltd. v. registrar of companies [1973] 43 comp cas 353 (p & h), straw products ltd. v. registrar of companies [1969] 39 comp cas 974 (orissa), juggilal kamlapat jute mills co. ltd. v.registrar of companies [1967] 37 comp cas 20 (all), bhutoria bros.private ltd., in re [ .....