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Judgment Search Results Home > Cases Phrase: debentures companies act Court: kolkata Year: 1999 Page 1 of about 4 results (0.018 seconds)

Dec 21 1999 (HC)

Stephen Court Limited Vs. the Official Trustees of West Bengal

Court : Kolkata

Decided on : Dec-21-1999

Reported in : (2000)2CALLT1(HC)

..... 1919 lease in favour of aratoon stephen by a registered deed of assignment. 3. on 4th december 1923 stephen court ltd. (the appellant) was incorporated under the provisions of indian companies act, 1913. aratoon stephen was a shareholder and one of the first directors of the appellant. the memorandum of association of the appellant provides as one of its objects the acquisition ..... set forth in the second schedule hereto and has agreed to secure the principal moneys together with interest for the time being payable in respect of such debentures in manner hereinafter provided and whereas the present trustees have consented to act as trustees of this indenture upon the terms herein contained.'52. broadly speaking the supplementary deed provides for the issuance of ..... join in these presents in manner hereinafter appearing and whereas the company being duly empowered in that behalf has determined to raise a sum not exceeding rs. 70,00,00 (rupees seven lacs) (sic) by the issue of debentures for that amount bearing interest of the rate of 5 1/2 per cent per annum and framed in accordance with the form ..... the reasonable satisfaction of the trustees that all the debentures entitled to the benefit of the trusts herein contained ...... have been paid off or satisfied and upon payment of allcosts charges and expenses incurred by the trustees in relation to those presents the trustees shall at the request and cost of the company ..... release the charged premises from this security.'53. in .....

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Oct 13 1999 (HC)

Birendra Nath Manna and anr. Vs. the State of West Bengal and ors.

Court : Kolkata

Decided on : Oct-13-1999

Reported in : (2000)2CALLT105(HC),2000(1)CHN173

..... of stamp duty in respect of bills of exchange, promissory notes, bills of lading, letters of credit, policies of insurance, transfer of shares, debentures, proxies and receipts.' 18. the submission of mr. roy is to the effect that stamp duty can be levied on the amount of consideration mentioned ..... . addl. collector reported in : air1986all107 and collector of nilgiris v. mahavir plantations pvt. ltd. reported in : air1982mad138 .42. section 47a of the stamp act as amended by the state of tamil nadu also fell for consideration before a division bench of this court in ango-american direct. tea trading co. ltd. ..... angus & co. reported in 1989 law reports queen's bench division 579, the court of appeal upon consideration of section 70 of the stamp act, 1878 held that the term 'conveyance' or 'sale deed' includes every instrument whereby any property upon the sale thereof is legally or equitably transferred ..... liability is. or purports to be created, transferred, limited, extended extinguished or recorded.27. as indicated hereinbefore, section 3 of the said act provides for the taxable event being on the instrument a deed of sale or any other transfer or any other conveyance whereby and whereunder right ..... stated the law thus :-'if therefore a document is so worded that it expressly, or by necessary implication comes within a particular provision of the act, it must be stamped accordingly. but the implication must arise from the phraseology used in the document, and not be a matter of legal .....

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Sep 08 1999 (HC)

Hukumchand Jute and Industriesltd., Calcutta Vs. Commissioner of Incom ...

Court : Kolkata

Decided on : Sep-08-1999

Reported in : (2000)1CALLT82(HC),[2000]241ITR517(Cal)

..... in the case of madras industrial investment corporation limited v. commissioner of income-tax reported in : [1997]225itr802(sc) , their lordships held that the appellant-company had, in its turn, correctly claimed a deduction only in respect of the proportionate part of the discount of rs. 12,500/- over the relevant accounting ..... -86 :'1. whether, on the facts and in the circumstances of the case arid on a proper construction of the agreement between the assessee-company and the m.p state electricity board, the tribunal was right in holding that the liability in respect of additional fuel surcharge arose only when the ..... 1981-82 :'1. whether, on the facts and in the circumstances of the case and on a proper construction of the agreement between the assessee-company and the m. p. electricity board, the tribunal was right in holding that the liability in respect of additional fuel surcharge arose only when the ..... period in question. this was also in conformity with the accounting practice of showing the discount in the 'discount of debentures account' which was written off over the period of the debentures and the balance amount could not be allowed as a deduction in the assessment year 1968-69.16. learned counsel for ..... in the assessment year 1981-82. but he claimed before the inspecting assistant commissioner in a proceeding under section 144-b of the income-tax act, 1961. the iac has noticed that the assessee has made an ad-hoc provision of rs. 3,71,980/-that was disallowed by the .....

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Sep 08 1999 (HC)

Hukumchand Jute and Industries Ltd. Vs. Commissioner of Income Tax

Court : Kolkata

Decided on : Sep-08-1999

Reported in : [2000]107TAXMAN596(Cal)

..... year 1961-62.14. in the case of madras industrial investment corpn. ltd. v. cit : [1997]225itr802(sc) , their lordships held that the appellant company had, in its turn, correctly claimed a deduction only in respect of the proportionate part of the discount of rs. 12,500 over the relevant accounting period ..... arose in the assessment year 1981-82 or 1984-85. we dispose of both the applications by this common order.3. the assessee is a public limited company. it carried on business as a manufacturer of jute goods and caustic soda, chlorine, etc., at hazinagar, naihati, west bengal and at amlai, shabadol ..... 1984-85:'1. whether, on the facts and in the circumstances of the case and on a proper construction of the agreement between the assessee-company and the m.p. state electricity board, the tribunal was right in holding that the liability in respect of additional fuel surcharge arose only when ..... in question. this was also in conformity with the accounting practice of showing the discount in the 'discount of debentures account' which was written off over the period of the debentures and the balance amount could not be allowed as a deduction in the assessment year 1968-69. 15. the learned ..... the assessment year 1981-82, but he claimed the same before the inspecting assistant commissioner in a proceeding under section 144-b of the income tax act, 1961. the inspecting assistant commissioner has noticed that the assessee has made an ad- hoc provision of rs. 3,71,980 that was disallowed .....

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