Court : Mumbai
Reported in : [1995]216ITR584(Bom)
..... , are as follows : 'the first schedule(see section 2)part iparagraph f 3. in the case of a company, other than the life insurance corporation of india established under the life insurance corporation act, 1956 (31 of 1956), - rates of income-taxi. in the case of a domestic company -(a) (1) where the company is a companyin which the ..... tax under section 80j of the income-tax act, 1961, and hence no additional income-tax was leviable on the excess dividend declared by the assessee. the income-tax officer, however, in the rectification proceedings, ..... however, failed to take note of this fact at the time of the assessment proceedings. he thereupon initiated rectification proceedings under section 154 of the income-tax act, 1961. the assessee resisted the proceedings. the assessee contended that the declaration of dividend of rs. 6,90,000 was out of profits which were exempted from .....
Tag this Judgment!Court : Gujarat
Reported in : [1985]152ITR255(Guj)
..... (part i, schedule i) in so far as is relevant for our purposes, reads as under : 'in the case of a company, other than the life insurance corporation of india established under the life insurance corporation act, 1956 (31 of 1956), - rates of income taxi. in the case of a domestic company - ...(a)(2) where the company is not a companyin which ..... ascertain is the amount, if any, by which the relevant amount of distribution of dividends by the company as computed in accordance with the relevant provisions of the finance act, 1966, exceeding its total income (less by the amount of capital gains) assessed for the assessment year commencing on april 1, 1966. the ito might have, ..... the assessment year 1965-66, and this was clearly an error apparent on the record which the ito was legally competent to rectify under s. 154 of the act. 7. the assessee, inter alia, contended before the revenue authorities that for purposes of finding out the relevant amount of distributions of dividends, the ito has .....
Tag this Judgment!Court : Karnataka
Reported in : ILR1983KAR157; 1983(1)KarLJ439; (1983)IILLJ108Kant
..... ' state insurance corporation established under s. 3 of the employees' state insurance act, 1948, or the 'indian airlines' and 'air india' corporations established under s. 3 of the air corporations act, 1953 or the life insurance corporation of india established under s. 3 of the life insurance corporation act, 1956, or the agricultural refinance corporation established under s. 3 of the agricultural refinance corporation act, 1963, or the deposit insurance corporation established under s. 3 of the deposit insurance corporation act, 1961 .....
Tag this Judgment!Court : Mumbai
Reported in : 1988(1)BomCR188; 1987MhLJ955
..... therefore, article 21 is not available in a challenge to the said rule by a tort.in the context of policy of nationalisation of the life insurance business under the life insurance corporation act, 1956, this point arose in the case a.v. nachane v. union of india : (1982)illj110sc . majority judgment says :---''the ..... is nothing very special or original about overriding provisions contained in section 26 of the act. several legislation dealing with nationalisation such as life insurance corporation act general insurance business (nationalisation) act, the bombay relief undertaking act contain similar provisions. the act does have some peculiar features e.g. every old employee has no right of employment ..... of a proposal made by the government of the day which instead of proceeding under section 11(2) of the life insurance corporation act, choose to make an act of parliament protected by emergency provisions. i think that the prospects held out, the representations made, the conduct of the .....
Tag this Judgment!Court : Rajasthan
Reported in : (1993)IILLJ961Raj
..... sections 11 and 49 of the life insurance corporation act and whether it was saved by the provisions of the industrial disputes act of 1947. the argument which was advanced on behalf of the life insurance corporation before the high court and the supreme court was that the life insurance corporation act contained provisions for recruitment and other ..... 1981-i-llj-1 the problem that arose before the supreme court related to the alleged conflict between the provisions of the life insurance corporation act, 1956 and the industrial disputes act, 1947. the question was as to whether the fresh settlement arrived at between the employer and the employee was in contravention ..... was repelled by the high court. the supreme court examined the scheme of the life insurance corporation act and the industrial disputes act and observed that, so far as the nationalisation of insurance business is concerned, the l.i.c. act is a special legislation, but equally indubitably is the inference, from a bare perusal .....
Tag this Judgment!Court : Madhya Pradesh
Reported in : (2000)ILLJ358MP; 2000(1)MPLJ26
..... under section 5a and section 5b respectively, of the employees' provident funds and miscellaneous provisions act, 1952 (19 of 1952), or the 'indian airlines' and 'air india' corporations established under section 3 of air corporation act, 1953 (27 of 1953), or the life insurance corporation of india established under section 3 of the life insurance corporation act, 1956 (31 of 1956) or the oil and natural gas commission established under section ..... 3 of the oil and natural gas commission act, 1959 (43 of 1959), or the deposit insurance and credit guarantee corporation act, 1961 (47 of 1961), or the central warehousing corporation act, 1962 (58 of .....
Tag this Judgment!Court : Mumbai
Reported in : [2002(92)FLR137]; (2002)ILLJ710Bom
..... funds and miscellaneous provisions act, 1952, or the life insurance corporation of india established under section 3 of the life insurance corporation act, 1956 or the oil and natural gas corporation limited registered under the companies act, 1956, or the deposit insurance and credit guarantee corporation established under section 3 of the deposit insurance and credit guarantee corporation act, 1961 or the central warehousing corporation established under section 3 of the warehousing corporation act, 1962, the unit ..... trust of india established under section 3 of the unit trust of india act, .....
Tag this Judgment!Court : Allahabad
Reported in : AIR1974All1b
..... can make with its servants or the grounds on which it can dismiss them.109. in the case of life insurance corporation of india v. mukherjee : (1964)illj442sc the supreme court held that section 11(2) of the life insurance corporation act, 1956 was paramount and would override any provisions of the order passed by the central government if it ..... was contrary to it. next would come the order and lastly the regulations which were subject to the act and the order and therefore, if the regulations were ..... . in s. r. tewari's case the decision of this court in ram babu rathaur v. life insurance corpn : air1961all502 was noticed with approval. in ram babu rathaur's case this court had held that though the corporation was a statutory body the relations between it and its employees were governed by contract and were of .....
Tag this Judgment!Court : Gujarat
Reported in : (2003)1GLR158; (2003)ILLJ1066Guj
..... section 5b, respectively, of the employees' provident fund and miscellaneous provisions act, 1952 (19 of 1952), or the 'indian airlines' and 'air india' corporations established under section 3 of the air corporation act, 1953 (27 of 1953), or the life insurance corporation of india established undersection 3 of the life insurance corporation of india established under section 3 of the life insurance corporation act, 1956 (31 of 1956), or the oiland natural gas commission ..... established under section 3 of the oil and naturalgas commission act, 1959 (43 of 1959), or the deposit insurance andcredit guarantee corporation established under section 3 of .....
Tag this Judgment!Court : Mumbai
Reported in : 2005(5)BomCR706; [2006]66SCL147(Bom)
..... between allahabad bank v. canara bank which is cited by state bank assumes importance here. in para 30 after referring to the earlier judgment between damji valji shah v. life insurance corporation of india reported at : [1965]3scr665 , the hon'ble apex court has held :'just as the company court was held incompetent to stay or transfer and decide ..... not open without obtaining prior leave of the company court winding up the company. it has found that powers in the section 29(1) of state financial corporation act could be exercised only when company or industrial concern itself was in charge of and in control of its assets and not when it had lost control over ..... 925, this court has held that the appellant before it are not precluded from taking recourse to section 29 though there have already invoked section 31 of state finance corporation act. however, in view of the judgment of hon'ble apex court in case between allahabad bank v. canara bank, it is not necessary for this court to consider .....
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