Court : Kerala
Reported in : 2009(3)KLJ110
..... or by the kerala state co-operative bank ltd. or by a primary agricultural credit co-operative society or by a scheduled bank as defined in the reserve bank of india act, 1934 so long as such lands continue in the possession of the bank;(j) lands purchased by the kerala financial corporation or lands the management ..... of which has been taken over by that corporation, under section 32 of the state financial corporations ..... the hmt had not utilised the full extent of the land for the industrial purpose within the permitted period of four years. the kerala state industrial infra structure development corporation (kinfra) hence mooted a joint venture company with the participation of hmt utilising 400 acres of land in the possession of the hmt. .....
Tag this Judgment!Court : Kerala
Reported in : AIR1996Ker241
..... pradesh non-agricultural lands assessment act can be levied on the lessee corporation. the writ petitioner-electronic corporation was served with a demand notice under the above act and it was resisted by the petitioner on the ground that it was a leassee of the land which belongs to the union of india and, therefore, tax cannot be levied by the state legislature. ..... after considering the objections filed by the fci the municipality ultimately issued ext. p12(a) and p12(b) demanding a sum of rupees 1,31,080.80 after giving credit to rupees 56,954.70 refundable to it. exts. p13 and p14 are the bills issued by the municipality demanding service charges for the year 1986-1987 (first and ..... .50 towards service charges for the period 1968-1969 to 1972-1973 (first half) calculated at the rate of rs. 19,373.00 per year and that after giving credit to rs, 56,954.70 being the property tax already collected for the aforesaid period, the petitioner is liable to pay a further amount of rs. 30,223.80. .....
Tag this Judgment!Court : Kerala
Reported in : ILR2011(1)Ker697
..... public zone". ext.p1 is the application forbuilding permit which was accompanied by exts.p1(a) to p1(h) documents.the corporation rejected it by ext.p2 communication by stating that thearea is coming under the "public and semi public zone" as per the detailedtown planning scheme for existing shornur road. the ..... regard to the population of the area, the density of the population therein, the revenue generated for local administration, the percentage of employment in non-agricultural activities, the economic importance or such other factors as he may deem fit, specify by public notification for the purposes of this part." 23. going ..... various committees in regard to thepreparation of development plans. this is repeated in therecommendations also. 49. shri nandakumara menon, learned senior counsel appearing forthe corporation submitted that the detailed town planning schemes havebeen published in terms of the provisions of the town planning act whichprovides a clause for submitting objections .....
Tag this Judgment!Court : Kerala
Reported in : [1971]82ITR477(Ker)
..... [1963] 47 i.t.r. 101 (a.p.) a decision of the andhra pradesh high court. the andhra pradesh high court has held that the state road transport corporation constituted under the road transport corporations act is an 'individual' within the meaning of section 3 of the indian income-tax act and as such is taxable. this decision was taken in ..... the question before us.3. the argument of the counsel of the petitioner is that the legislature would not have passed an enactment to tax a corporation formed with the funds of the state itself at a higher rate than a company incorporated under the companies act and clause (iia) of section 2(h) of the wealth-tax act ..... the word 'individual' in entry 86 of list i of the seventh schedule of the constitution, which reads :'taxes on the capital value of the assets, exclusive of agricultural land, of individuals and companies; taxes on the capital of companies' as to include a group of individuals like a hindu undivided family.8. two or three other decisions .....
Tag this Judgment!Court : Kerala
Reported in : [1989]180ITR323(Ker)
..... respect of any special reserve created by a financial corporation which is engaged in providing long-term finance for industrial or agricultural development in india, an amount not exceeding-(a) in the case of a financial corporation or a joint financial corporation established under the state financial corporations act, 1951 (63 of 1951), or an ..... institution deemed under section 46 of that act to be a financial corporation established by the state government for the state ..... relied on the circular letter written by the assistant chief officer of the industrial finance department of the reserve bank of india to the state financial corporations, wherein reference has been made to a communication of the central board of direct taxes dated november 12, 1973, to substantiate its plea .....
Tag this Judgment!Court : Kerala
Reported in : (1972)IILLJ110Ker
..... employee of the warehouse corporation1 was dismissed from service for misconduct after an enquiry as required by the regulations made by the corporation under the agricultural produce (development and warehousing) corporations act, 1956. the respondent filed a suit for a declaration that his dismissal was illegal, and for other reliefs. the trial court held that ..... not entitled to relief under article 226 of the constitution for violation of the regulations, counsel referred me to the decision of the supreme court in u.p. state warehousing corporation v. chandra kiran tyagi 1970-i l.l.j. 32 : a.f.r. 1970 s.c. 1244. in that case, the respondent who was an ..... under the government order, m.s. no. 283/68/home, dated 22-8-68, are extended to those persons who were denied appointment in the former state transport department on adverse report of police verification and who were later given appointment after reviewing the original orders prior to 1960, subject to the condition, that they .....
Tag this Judgment!Court : Kerala
Reported in : AIR1979Ker68
..... encumbrances charged thereon.'entry 86 of list i of the 7th schedule of the constitution reads :--'taxes on the capital value of the assets, exclusive of agricultural land, of individuals and companies, taxes on the capital of companies.'if the definition contained in the act for the expression 'capital value' is such ..... of the statutes governing those local authorities.24. there are 5 types of local authorities in the state, namely, municipal corporations constituted in respect of the citits of trivandrum, calicut and cochin under the kerala municipal corporations act, municipal councils set up under the kerala municipalities act in respect of areas constituted into municipalities, ..... building including that of the new constructions or additions or combinations or, as the case may be, of the building as so repaired or improved, and credit shall be given to the tax already levied. (5) where there are out-houses, garages or other structures appurtenant to the main building, the capital .....
Tag this Judgment!Court : Kerala
Reported in : AIR1962Ker110
..... the net wealth of an assesses, to the extent that it is or may be said to be made up of his agricultural income, pertains to the legislative field marked by entry 40 in the state list. the charging section in the act as quoted above does not purport to tax any 'income' whatever, but only the ..... by the use of the term 'individual' in the indian income-tax act, 1922. gurtu, j. did not agree, that a hindu undivided family is a corporation or 'a corporate juridical entity', though at the same time, he was not prepared to lay down that it is ''a mere collection of individuals''; according to him, it is ..... based, the presumption of constitutionality cannot be carried to the extent of always holding that there must be some undisclosed and unknown reasons for subjecting certain individuals or corporations to hostile or discriminating legislation.'the wealth tax as disclosed by the statements of objects and reasons--'is a constituent of an integrated tax structure ............... apart from .....
Tag this Judgment!Court : Kerala
Reported in : [1962]44ITR277(Ker)
..... on the net wealth of an assessee to the extent that it is or may be said to be made up of his agricultural income, pertains to the legislative field marked by entry 46 in the state list. the charging section in the act as quoted above does not purport to tax any 'income' whatever, but only the ..... has been established by the use of the term 'individual' in the indian income-tax act, 1922. gurtu j. did not agree that hindu undivided family is a corporation or 'a corporate judicial entity', though at the same time, he was not prepared to lay down that it is 'a mere collection of individuals'; according to him, it is ..... as based, the presumption of constitutionality cannot be carried to the extent of always holding that there must be some undisclosed and unknown reasons for subjecting certain individuals or corporations to hostile or discriminating legislation.'the wealth-tax as disclosed by the statement of objects and reasons 'is a constituent of an integrated tax structure... apart from the .....
Tag this Judgment!Court : Kerala
Reported in : AIR2003Ker299; [2003]116CompCas505(Ker); 2003(1)KLT69
..... means a society registered under the cooperative societies act, 1912 (central act) or any law relating to co-operative societies for the time being in force in any state. therefore, a primary agricultural credit society to which the banking regulation act, 1949 itself does not apply is only a cooperative society registered under the provisions of the kerala co-operative societies act, 1969 ..... bank case, the reserve bank is the central bank for india. its position is as a bankers' bank. it has control over the banking companies and banking in india. in corporation bank v. d.s. gowda reported in 1994 (5) scc 213 at paragraph 16 the apex court held as follows:- ......... as pointed outearlier, under the banking regulation act wide powers .....
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