Court : Karnataka Dharwad
..... the activities of the society, namely, carrying on the business of providing credit facilities to its members or marketing of the agricultural produce of its members. when the assessee-society provides credit facilities to its members, it earns interest income. as stated above, in this case, interest held as ineligible for deduction under section 80p ..... (iii) a government company as defined in section 617 of the companies act, 1956 (1 of 1956), or a corporation established by or under a central, state or provincial act (being a company or corporation engaged in supplying milk, oilseeds, fruits or vegetables, as the case may be, to the public), the whole of ..... for the purposes of this section an "urban consumers' co- operative society" means a society for the benefit of the consumers within the limits of a municipal corporation, municipality, municipal committee, notified area committee, town area or cantonment. (3) in a case where the assessee is entitled also to the deduction under section .....
Tag this Judgment!Court : Karnataka Dharwad
..... bank may have the corporate body or skeleton of a co-operative society but its business is entirely different and that is the banking business, which is governed and regulated by the provisions of the banking regulation act, 1949. only the primary agricultural credit societies with their limited work of providing credit facility to its ..... and haryana high court in still a later decision reported in the same volume of itr in the case of commissioner of income-tax vs. punjab state co-operative agricultural development bank limited, reported in [2016] 389 itr 607 (pandh) concurred with the aforesaid view of the gujarat high court, distinguishing the view ..... to give a precise meaning to the words "profits and gains of business" mentioned in section 80p(2) of the act. in the present case, as stated above, assessee-society regularly invests funds not immediately required for business purposes. interest on such investments, therefore, cannot fall within the meaning of the expression "profits .....
Tag this Judgment!Court : Karnataka Dharwad
..... private body, if there is no equally convenient remedy and if there is public duty. a full bench of this court in m. thanikachalam & others v. mathurathagam agricultural producers coop. marketing society. 2000 (4) ctc556 after referring to the entire case- law on the subject held, what is necessary to be seen is, if ..... sought to be corrected or enforced must be in discharge of a public function. the role of the state expanded enormously and attempts have been made to create various agencies to perform the governmental functions. several corporations and companies have also been formed by the government to run industries and to carry on trading activities. ..... are mentioned, are all regular practitioners, who got the association registered under the societies registration act, 1860. mr. p.p. rao, learned senior counsel has given all credit for registration of association to shri k.k. venugopal, one of the senior-most counsel of this court. (emphasis by this court) - 16 - 16. notwithstanding the .....
Tag this Judgment!Court : Karnataka Dharwad
..... and the period of deposit and the sum accrued as interest during the period. further, in the affidavit dated 26.04.2016 the corporation at paragraph 15 has stated as follows: 15. i state that because of the pendency of the proceedings before this hon ble court, the sale proceeds excluding emd amount deposited by the respondent no ..... failure of the petitioner to strictly adhere to the terms and conditions imposed thereunder. as a consequence of its failure, the corporation exercised the powers vested in it under section 29 of the state financial corporation act (for short the act ) and took the possession of the running hospital on 21.04.2007. the mahazar was drawn ..... pointed out that promoter couples had invested their hard earned money and also by selling their properties like a flat, plot, agriculture land, gold, jewelry and survival of the unit and family was in the hands of the corporation and fervently pleaded for extension of time to repay the balance. it was also pointed out that the .....
Tag this Judgment!Court : Karnataka Dharwad
..... co-operative bank subscribing to the share capital of such co-operative society out of funds provided by the state government for the purpose; (ccvi) primary credit society means a co-operative society, other than a primary agricultural credit society, - (1) the primary object or principal business of which is the transaction of banking business; ..... bank sub-scribing to the share capital of such co-operative society out of funds provided by the state government for the purpose; (ccv) primary co-operative bank means a co-operative society, other than a primary agricultural credit society, - (1) the primary object or principal business of which is the transaction of banking ..... as such under any central act for the time being in force relating to the multi-state co-operative societies but does not include a national co-operative society and a federal co-operative.] (cciv) primary agricultural credit society means a co-operative society, - (1) the primary object or principal business of .....
Tag this Judgment!Court : Karnataka Dharwad
..... affidavit of the appellant no.1 to submit that insofar as the marketing facilities are concerned, there are adequate facilities in belgaum city, as provided by the agricultural produce marketing committee, belgaum etc. 21. countering such submissions. sri. dinesh rao, learned government advocate has put up a very spirited defence. it is ..... karnataka town and country planning act, 1961; that without the change of the land user which was indicated as agriculture under the comprehensive development plan, the acquisition is bad in law, that the state government has not applied its mind to all relevant aspects before embarking on acquisition of the lands for the intended ..... application particularly the cdp to evidence the fact that the lands in question are earmarked for agricultural purpose. therefore prima- facie the acquisition of the lands for non-agricultural purpose is contrary to cdp. 14. for the reasons stated above, we allow the application i.a. no.4/2007 and grant stay of further .....
Tag this Judgment!Court : Karnataka Dharwad
..... , baner road, near sadanand hotel, pune, maharashtra-411045 ...petitioner (by sri hasmaith pasha, sr. counsel appeared for sri n.s kini, advocate) and the state of karnataka through agricultural officer and seeds inspector, farmer s communication center, agricultural department kaginele, byadgi taluk haveri district-581106 respondent (by sri ramesh chigari, hcgp ) this criminal petition is filed under section482of cr.pc., seeking to call ..... deemed to be guilty of that offence and shall be liable to be proceeded against and punished accordingly. explanation. for the purpose of this section,- (a) company means any body corporate and includes a firm or other association of individuals; and (b) director , in relation to a firm, means a partner in the firm. section 6 deals with the minimum limit .....
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..... , arts and commerce college, mahalingpur, :103. : tq: mudhol,dist: bagalkot.13. sri kallappa s/o mallappa awaradi age:49. years, occ: associate professor (agriculture marketing) shri channagireeshswara prasadika, arts and commerce college, mahalingpur, tq: mudhol,dist: bagalkot.14. sri mallikarjun s/o giramallappa yaranal age:51. years, occ: associate ..... shri. channagireeshswara prasadika arts & commerce college, mahalingpur, tq:mudhol, dist:bagalkot.11. smt.sunand s/o dundappa saraganvi, age:47 years, occ:associate professor (agricultural/economics), shri. channagireeshswara prasadika arts & commerce college, mahalingpur, tq:mudhol, dist:bagalkot.12. sri vishwanath s/o mallappa mujawar age:56. years, occ: associate ..... as the apex court has held that the property tax collected for certain years by the municipal corporation was illegal. in order to nullify the effect of the decision, the state government introduced section 152-a by an amendment to the act, the effect of which was to .....
Tag this Judgment!Court : Karnataka Dharwad
..... had accrued to claimants due to accident.6. i am not persuaded to accept this submission. the state owned corporation had paid a sum of rs.50,000/- as ex-gratia to the claimants who were in state of distress having lost bread winner of the family. any amount paid in grace cannot be taken ..... w.k.r.t.c., central office, hubballi.-. appellant (by sri m.k. soudagar, advocate) and: shri shivanadappa s/o. veerabasappa majjiger, age:44. years, occ: agriculture and business, r/o: agrahara muchadi village, tq: shikaripura, now at present hirekerur, dist: haveri.-. respondent (by sri g.s. hulmani, advocate) this miscellaneous first appeal is ..... , has incurred loans, and experiences mental and physical distress. rtc extracts (ex.p.126 to129) indicate that agricultural lands are registered under the petitioner's father. the petitioner stated earning rs.30,000 per month from agriculture and rs.10,000 from dairy work, although no formal income documents were provided. consequently, the tribunal assessed .....
Tag this Judgment!Court : Karnataka Dharwad
..... had accrued to claimants due to accident.6. i am not persuaded to accept this submission. the state owned corporation had paid a sum of rs.50,000/- as ex-gratia to the claimants who were in state of distress having lost bread winner of the family. any amount paid in grace cannot be taken ..... w.k.r.t.c., central office, hubballi.-. appellant (by sri m.k. soudagar, advocate) and: shri shivanadappa s/o. veerabasappa majjiger, age:44. years, occ: agriculture and business, r/o: agrahara muchadi village, tq: shikaripura, now at present hirekerur, dist: haveri.-. respondent (by sri g.s. hulmani, advocate) this miscellaneous first appeal is ..... , has incurred loans, and experiences mental and physical distress. rtc extracts (ex.p.126 to129) indicate that agricultural lands are registered under the petitioner's father. the petitioner stated earning rs.30,000 per month from agriculture and rs.10,000 from dairy work, although no formal income documents were provided. consequently, the tribunal assessed .....
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