Judgment Search Results Home > Cases Phrase: road transport corporations act 1950 section 29 provision for depreciation and reserve and other funds Page 1 of about 65 results (0.122 seconds)

Delhi Stock Exchange Association Ltd. Vs. Commissioner of Income-tax, ...

Court : Supreme Court of India

Reported in : AIR1961SC1144; (1997)139CTR(SC)455; [1997]225ITR235(SC); JT1997(4)SC355; 1997(3)SCALE353; (1997)11SCC583; [1997]3SCR130

..... under section 11 read with section 2(15) of the act. 8. in andhra pradesh state road transport corporation (supra) the claim of the road transport corporation for exemption was contested by the revenue on the basis of the provisions of section 30 of the road transport corporations act, 1950, which contains the following provision regarding disposal of ..... net profits :section 30. disposal of net profits. after making provision for payment of interest and dividend under section 28 and for depreciation, reserve and other funds under section 29, a corporation may utilise ..... assessee to its members and also on the decision of this court in commissioner of income tax, andhra pradesh, hyderabad v. andhra pradesh state road transport corporation, hyderabad : [1986]15itr1(sc) . shri salve has also submitted that the earlier decision of this court in delhi stock exchange association limited .....

Madhya Pradesh State Road Transport Corporation Vs. State Transport Ap ...

Court : Madhya Pradesh

Reported in : AIR1967MP138

..... . no fault can be found with this reasoning.5. it is next urged that the provisions of sections 29 and 30 of the road transport corporation act, 1950, make it obligatory for the corporation to create a reserve fund for depreciation and other allied matters and that certain percentage of the profits is required to be utilized for ..... in the year 1956 and was renewed in 1961. he again, applied for renewal. the petitioner. madhya pradesh state road transport corporation, applied for grant of a permit on the said route in lieu of renewal the regional transport authority, indore, by order, dated 23rd november 1964, rejected the application for renewal and granted the permit to ..... public generally is to be considered. that the corporation at a future date would be in a position to offer better amenities or that its profits would be utilized for public benefits and for road development in future is not a matter relevant under section 47 of the act. the appellate authority was right in rejecting this .....

Jose Jacob Vs. State of Kerala

Court : Kerala

..... the regulations and based on the statutory obligations cast on the government on one hand and the corporation on the other. statutory scheme:62. though the road transport corporation act, 1950 is a central enactment, the state governments, in terms of section 3 of the act, can establish a road transport corporation for the whole or any part of the state with a view to offering to the public ..... basis of fifty thousand crores, is expected to function strictly on the business principles in terms of section 22 of the road transport corporations act 1950 ('the act' for brevity).17. it is the specific contention of the learned counsel for the petitioners that the kerala transport development finance corporation ltd., built huge structures on the basis of build operate transfer (bot) on the properties of the .....

Samir Kumar Chatterjee and ors. Vs. State of West Bengal and ors.

Court : Kolkata

Reported in : (1974)IILLJ407Cal

..... termination of service of an employee including the petitioners along with provident fund payable to them. mr. bose contended that the road transport corporation act, 1950 under the provisions whereof the calcutta state transport corporation was formed authorised the state government to pass the impugned orders and mr. bose relied on sub-section (3) to ..... west bengal in its turn by a notification made the said recommendations of the said pay review committee applicable to the employees of the calcutta state transport corporation with effect from april 1, 1970. the respondent no. 3 thereafter fixed such pay scale for its employees which include the petitioners with effect ..... section 14, section 29 and section 34 of the said act as authorising the government to pass the impugned orders. section 14 of the said act reads as follows:'14. (1) every corporation .....

S.H. Motor Transport Company Vs. the State Transport Authority

Court : Mumbai

Reported in : (1980)82BOMLR678

..... the state government and ultimately by the legislature and which is established to subserve public needs and requirements as indicated by section 3 of the road transport corporation act. it is established by and subservient to the executive of the state. its policies, its programmes and its failures are subject to public scrutiny ..... to be followed by the high court will have to be in accordance with the tenor of these observations. we find further, although the road transport corporation act is not referred to in that detail -as we have done, that the approach and particularly the observations contained in para 11 of the ..... , itself provides for the final safeguard for the proper control and maintenance of such corporation. once the very concept of state corporation is properly understood particularly the state transport corporation, with all the provisions and safeguards contained in the road transport corporation act, then, both the questions which are required to be answered, fall in a .....

Patiala Bus Pvt. Ltd. Vs. the State of Punjab and ors.

Court : Punjab and Haryana

Reported in : AIR1974P& H140

..... provisions of s. 20 of the said act are applicable to this corporation, but the question still remains whether the non-taking of the sanction regarding ..... obtained by the pepsu road transport corporation, as is envisaged under section 20 of the road transport corporation act, 1950, and therefore, the scheme is vitiated, i am inclined to hold that there is no merit and this contention as well. no doubt the pepsu road transport corporation is a corporation constituted under the road transport corporation act, 1950, and the ..... government and the punjab government was implied there, and thus there is a substantial compliance with the provisions of section 20 of the road transport corporation act. it has been further averred that the petitions are without any merit and should be dismissed.11. first of all i shall deal .....

Green Bus (Rajasthan) Private Ltd. and ors. Vs. State of Rajasthan and ...

Court : Rajasthan

Reported in : AIR1968Raj169

..... raised by mr. jain. while addressing his arguments on this contention mr. jain divided it into two parts; firstly it is argued that the rajasthan state road transport corporation constituted by the state government under the road transport corporation act, 1950 was a different legal entity from the rajasthan state roadways and as such it could not step into the shoes of the rajasthan state roadways and ..... a successor of the roadways. our attention has been drawn to the administrative instructions issued by the state government in exercise of the powers conferred by section 34 of the road transport corporation act. 1950, whereby it was directed by the state government that except the buildings, and other immovable property belonging to the roadways department all other properties of the department including the .....

P.C. John Vs. Kerala State Road Transport Corporation

Court : Kerala

Reported in : (1993)IILLJ71Ker

..... 1:7.5. government itself has taken note of this over-staffing and has issued directions under section 34 of the road transport corporations act directing that no appointment shall be made in the corporation, that loss should be progressively reduced and the rate of return of 3% prescribed by the finance commission should be reached ..... the loss of the corporation, which will have to be made up by the travelling public at large.10. it is not ..... to be filled up. the larger public interest is therefore against overloading the corporation with employees they do not require. in fact, this has been noted by the government when they issued the direction under section 34 of the road transport corporations act. the excess appointments will necessarily lead to financial constraints and add to .....

Sri Sudarshanmoy Ghosh and ors. Vs. South Bengal State Transport Corpo ...

Court : Kolkata

pratap kumar ray, j.1. this writ application has been filed by 60 writ petitioners jointly, who are retired employees of south bengal state transport corporation being a corporation created under the road transport corporation act, 1950 by the state of west bengal retaining its full control over the management, function and finance. out of the said 60 writ petitioners, 36 writ petitioners retired before 1st ..... same procedure by which it was framed, mere decision of board cannot amend or supersede it. furthermore, a statutory regulation, namely, pension regulations, 2002, framed under section 45 of the road transport corporation act, 1950, cannot be superseded or annuled by executive decision of board after it is duly notified and gazetted. it is a settled law that there is no substantive difference between .....

A. Vishwanath Rao and anr. Vs. State of Mysore and ors.

Court : Karnataka

Reported in : AIR1968Kant104; AIR1968Mys104

..... to the scheme prepared under-section 68-c, there was substantial compliance with the requirements of section 20 of the road transport corporations act.,(35) on the question whether the provisions of section 20 of the road transport corporations act stand displaced by the scheme approved under section 68-d by the state government, which receives the imprimatur of ..... we negative the contention urged on behalf of the petitioners on the short ground that even if adherence to the provisions of section 20 of the road transport corporations act was not dispensed with, by the approval of the central government under the proviso to section 68-d and on that question we desist from ..... petitioners should not be allowed to urge a contention which involves an investigation into a pure question of fact, such as whether section 20 of the road transport corporations act refers, and whether, in the context of the scheme, the previous approval of the state of mysore or the concurrence of the state of andhra .....