Court : Delhi
Reported in : II(2001)ACC699; I(2002)ACC1; 2002ACJ1
..... was found to be the reasonable rateof simple interest. with a change in economy andthe policy of reserve bank of india the interestrate has been lowered. the nationalised banks arenow granting interest at the rate of 9% on fixeddeposits for one year. we, thereforee, direct thatthe compensation amount fixed hereinbefore shallbear interest at the ..... clearly, that the appellants did not choose the second alternative. the prayer clause does not reflect acceptance of the second alternative. there was also no undertaking to pay the deficit court fee on the basis of the rate of exchange prevailing on the date of the decree. 50. the contention of learned ..... both, all possible conferment ofeconomic security to the claimant by the deceasedand the intentions of the legislature. by such aninterpretation, the tortfeasor in spite of hiswrongful act or negligence, which contributes tothe death, would have in many cases no liabilityor meagre liability.' 84. thereafter, in para 35 of the report the supreme .....
Tag this Judgment!Court : Andhra Pradesh
Reported in : [2002]110CompCas193(AP)
..... respondents that they can appoint only those in whom they have confidence, i can only observe that if the respondents want to appoint people of their confidence without undertaking any such process they would have straightaway appointed these companies as their sole agents. i have no manner of doubt in holding that the respondents introduced this ..... gujarat high court in sheth mohanlal ganpatram v. shri sayaji jubilee cotton and jute mills co. ltd. [1964] 34 comp cas 777. in that case a textile mill run by the company having entered into an adat agreement with a firm for supply of working capital for running the mill and to purchase yarn for the ..... . even assuming for a moment that the board is not having inherent powers, the board is fully competent to pass orders under section 402 of the act if the acts of mismanagement alleged against the majority shareholders creates an apprehension in the minds of the minority shareholders even if they fail to establish the allegations levelled against .....
Tag this Judgment!Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai
Reported in : (2002)(147)ELT478Tri(Mum.)bai
..... -wool yarn falling under chapters 51 and 55 of the schedule to the central excise tariff act), and export thereof.2. 100% eous like the appellants' units at butibori-approved as 'hundred percent export-oriented undertakings's by the competent authority under the industries (development and regulation) act and the rules thereunder, and holding warehouse licence and manufacture licence issued by competent authorities ..... 50% each of (i) basic excise duty under section 3 of the central excise act (ii) additional excise duty under section 3 of the additional duties of excise (goods of special importance) act 1957 and (iii) additional excise duty under section 3 of the additional duties of excise (textiles & textile articles ( act 1978. therefore, show-cause notices [scns] were issued to the two assessees under .....
Tag this Judgment!Court : Andhra Pradesh
Reported in : 2001(6)ALD747; 2001(6)ALT539
..... (andhra areas) inams (abolition and conversion into ryotwari) act, 1956, but shall be deemed to be a charitable endowment.12. 'charitable institution' in terms of sub-section (4) of section 2 means:any establishment, undertaking, organisation or association formed for a charitable purpose and includes ..... nandan aggarwal,air 1992 sc 96 and shiromanigurdwara prabandhakcommittee v som nath dass, : [2000]2scr705 . the learned counsel wouldurge that the act not only applies to hindureligious institutions alone but also tocharitable institutions belonging to the othercommunity and other endowments and inthis connection our attention has ..... whetherexclusion clause contained in the actpursuant whereto and in furtherance whereofa charitable and hindu religious institutionand endowments is created, attracts theprovisions of 1987 act must be consideredhaving regard to the scope, object andpurport thereof. strong reliance in thisconnection has been placed on shyamkishori devi v patna municipalcorporation .....
Tag this Judgment!Court : Karnataka
Reported in : 2002(1)KarLJ419
..... , where the agent enters into contracts, either disclosing the principal, or without disclosing the principal, or without even disclosing that he is acting in the capacity of an agent agreeing, promising or undertaking to perform obli-obligations which clearly disclose an intention to be personally bound by the contracts; and in such cases, irrespective of the ..... for breach or non-performance, in his personal capacity. 23. many a time independent contractors or management contracts are loosely called as 'agents'. if a contractor undertakes to achieve a particular result or execute a particular work, by adopting processes or means of his choice and over which he has control, he becomes personally liable ..... can be sued in his own name on the contract. 21.2 in sukumari gupta and ors. v. dhirendra nath roy chowdhury and ors., and in orissa textile mills limited and anr. v. ganesh das ramkishun, it was held that the question whether an agent, who has the contract on behalf of his principal, is .....
Tag this Judgment!Court : Karnataka
Reported in : I(2002)ACC557; II(2002)ACC510; 2002ACJ557
..... is ordered to pay the compensation amount. out of the compensation amount awarded, rs. 1,40,000 shall be deposited in the name of the claimant in any nationalised bank for a period of five years in the first instance with liberty to the claimant to withdraw interest accruing on the said deposit from time to time and ..... ]1scr8 , has held that, in view of the change in economy and policy of reserve bank of india and the prevalent rate of interest for fixed deposit by the nationalised banks, it would be reasonable to award interest at 9 per cent per annum and wherefore, we hold that the interest awarded by the tribunal is liable to be reduced ..... he has been served with a notice under sub-section (2) of section 96 about the proceedings in which the judgment was delivered...(21) the act contemplates the possibility of the policy of insurance undertaking liability to third parties providing such a contract between the insurer and the insured, that is, the person who effected the policy, as would .....
Tag this Judgment!Court : Himachal Pradesh
Reported in : I(2002)ACC346,II(2002)ACC754,2002ACJ346
..... to be the reasonable rate of simple interest. with a change in economy and the policy of reserve bank of india the interest rate has been lowered. the nationalised banks are now granting interest at the rate of 9 per cent on fixed deposits for one year. we, therefore, direct that the compensation amount fixed hereinbefore shall ..... stopped him, much less disentitled him the benefit of this revised pay scale, including admissible arrears, like all other government employees as well as employees of public sector undertakings, like this h.r.t.c. this fact can be judicially noticed by this court.36. present trend in assessing compensation; by looking to the chances of future ..... kanwar. against the award amount of rs. 7,97,700, all three of them had claimed rs. 20,00,000 in the petition filed by them under the act before the tribunal.3. in this appeal respondents have filed cross-objections for enhancement of compensation by modifying the award. at the same time, an application for additional .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Chandigarh
Reported in : (2004)88TTJ(Chd.)450
..... to be payment on behalf of the state and, therefore, no tax at-source was deducted. it was further contended that recipients of interest were nationalised and commercial banks and public undertakings who paid correct tax in time and as such no loss was caused to the revenue. the assessee also challenged the calculations of interest charged. ..... were not applicable in its case. the board was a regular income-tax assessee under the income tax act and was being assessed in the status of a "company". the assessee may be a wholly owned government undertaking but it could not be equated with government itself so long as it is assessable to income-tax, it ..... disposed of through this consolidated order for the sake of convenience.the assessee, the punjab state electricity board, is an autonomous body, established under the electricity supply act, 1948, and is engaged in the business of generation and distribution of electricity.it is wholly owned by government of punjab. it is reported to be running .....
Tag this Judgment!Court : Mumbai
Reported in : 2002(103)LC523(Bombay)
..... and the revised value addition at 33.03% for the period 1st april 1995 to 31st march 2000 will be operative under new formula only upon execution of-the legal undertaking by first petitioner as required by paragraph 98 of the exim policy;(e) the option exercised for period of eighteen months by the first petitioner for the purpose of calculation .....
Tag this Judgment!Court : Mumbai
Reported in : 2002(3)ALLMR660; 2002(5)BomCR653
..... and construction of new roads- ........... (2) building of educational and medical institutions and institutional buildings- .............. (3) building of government and semi-government offices and public sector undertakings- ........... (4) buildings of starred category residential hotels- ............ (5) low cost housing schemes of the maharashtra housing and area development authority- ....... (6) reconstruction of ..... this city at one time was occupied mainly by fishermen. it came up as a town having a natural port and thereafter a city where the textiles developed. today in a population of over 10 million residents, more than 50% of the population of this city lives either on the footpaths ..... with the amended d.c.r. 33(7)'. clause 11 of this affidavit-cum-undertaking reads as follows:-'i/we declare that the repair board has not declared the buildings under section 88(3)(a) of mh & ad act, 1976 or processed a draft reconstruction scheme/land acquisition proposal for the above mentioned .....
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