Court : Supreme Court of India
Decided on : Feb-10-1970
Reported in : AIR1970SC564; 40CompCas325(SC); (1970)1SCC248; 3SCR530
..... are similar statutes conferring powers on the government to give directions, namely, state bank of india act, 1955, state financial corporation act, 1951, university grants commission act, 1956 life insurance act, 1956, deposit insurance act, 1961, national cooperative development corporation act, 1962, agricultural refinance corporation act, 1963 and state agricultural credit corporations act, 1968. there are english statutes which contain similar provisions of exercise of power or directions by ..... panda and ors. v. the state of orissa : 3scr374 vrajlal manilal & co. and anr. v. the state of madhya pradesh and ors. : 1scr400 and municipal committee, amritsar and ors. v. state of punjab and ors. : 3scr447 . these cases dealt with the validity of laws creating monopolies in the state. clause (6) is however not restricted to laws ..... trade or business is not open to be reviewed in courts on the ground of reasonableness. this court in the case of municipal committee of amritsar v. state of punjab : 3scr447 held that so far as monopoly business by the state was concerned under article 19(6) it was not open to challenge.189. the four businesses ..... bank, indian bank, indian overseas bank and united bank of india. in the case of allahabad bank it worked out at 5%, and in the case of shares of punjab national bank and syndicate bank the rates are not available. this statement is not challenged. since the taking over of the undertaking, there has resulted a steep fall in .....Tag this Judgment!
Court : Delhi
Decided on : Jan-01-1970
Reported in : 231ITR318(Delhi); 97TAXMAN144(Delhi)
..... not be treated as under valuation. learned senior counsel referred to cit v. inderjit singh . a division bench of the high court of punjab and haryana took the same view that the capitalisation method should be adopted where there are tenants in the property. he also referred to cit v. sumatilal ..... -8-9221, community centre, basant lok, vasant vihar new delhi. commercial plot127.4610-8-199290,00,000 3. ground floor tenanted to chemical de universe pvt. ltd. at rs. 9,500 p.m. rs. 11,525 increased in april 1983, and again increased to rs. 14,400 in april ..... that account alone it cannot be struck down as invalid. the courts cannot, as pointed out by the united states supreme court in secretary of agriculture v. central reig refining co.  94 l ed. 381, be converted into tribunals for relief from such crudities and inequities. there may ..... 1988]170itr144(sc) and ct v. shivaoni and co. : 184itr573(cal) . learned counsel relied upon century spinning and . v. ulhasnagar municipal council : 3scr854 , babubhai muljibhai patel v. nandlal khodidas barot : 2scr71 and submitted that filing of a suit is not an effective remedy.learned counsel for the respondents ..... by business prudence and are not influenced by any extraneous considerations. exception, however, is made only under section 269ud of the income-tax act where such transactions are made between the relatives on account of natural love and affection.'the appropriate authority had completely ignored the realities of .....Tag this Judgment!