Skip to content

Judgment Search Results Home > Cases Phrase: debentures companies act Court: kolkata Year: 1953 Page 1 of about 2 results (0.016 seconds)

Jun 11 1953 (HC)

The Indian Steamship Co. Ltd. Vs. Commissioner of Income-tax, West Ben ...

Court : Kolkata

Decided on : Jun-11-1953

Reported in : [1953]24ITR448(Cal)

..... then obtaining, it was necessary to obtain the permission of the controller of capital issues for the issue of both the shares and the debentures as contemplated by the assessee company. that permission was applied for and obtained, but the controller imposed a condition that any sum in excess of rs. 22,50,000 ..... sanyal appearing on behalf of the assessee frankly conceded that the construction put by this client upon his debentures before the authorities below and claim of deduction made upon that construction was extremely far-fetched and he was not prepared to support it before us. ..... should be from, and limited to, the amounts of interest earned in the respective years only on securities purchased with money borrowed by the issue of debentures mainly rs. 25,00,000 or should the deduction be from interest earned in the respective years on the entire block of investment in securities.'mr. ..... rs. 1,43,473. the claim was made under the first proviso to section 8 of the income-tax act and the contention appears to have been that whether the ultimate purpose issuing the debentures might have been, since the money raised had perforce to be invested in government securities by reason of the ..... untenable on the face of it.the question arises out of a reference made under section 66 (i) of the income-tax act, made by the calcutta bench of the appellate tribunal in respect of the assessments for the year 1945-46 and 1946-47 of the indian steamship .....

Tag this Judgment!

Jun 26 1953 (HC)

Tarachand Ghanshamdas Vs. Sree Radhakrishna Sugar Mills Ltd.

Court : Kolkata

Decided on : Jun-26-1953

Reported in : AIR1955Cal52

..... in the court of the subordinate judge of berhampore, murshidabad for a declaration that the debenture of trust deed dated 29-6-1938 constituted a first charge on the properties and assets of the defendant company and for other incidental reliefs for the enforcement of the trust deed and the mortgage created ..... in case of transfer of suits to this high court inits extraordinary original civil jurisdiction. the learned standing counsel argued that section 4 of the act could be interpreted to confine the application of that section to documents filed in the high court, although the word used is 'received'. but ..... calculation with reference to the fees in the high court and to grant a certificate for refund of such artificially conceived excess will be to act in derogation of the the legislature has made a special statutory provision for fees on documents in the high court in its ..... on documents filed etc. in high courtsin their extraordinary jurisdiction:'no document of any of the kinds specified inthe first or second schedule to this act annexed,as chargeable with fees, shall be filed, exhibitedor recorded in, or shall be received or furnishedby any of the said high courts in ..... the case has been presented by the learned standing counsel.9. prior to the constitution of india in 1950 the then relevant government of india acts provided that no high court had any original jurisdiction in any matter concerning revenue and it becomes a little difficult to see how such applications .....

Tag this Judgment!

Save Judgments// Add Notes // Store Search Result sets // Organizer Client Files //