Para-5 and the same shall be the value of the Net Current Assets to be taken over by ICL and shall form the Purchase ... potential liability arising out of orders made under the Jute Packaging Materials (Compulsory Use in packing Commodities) Act 19871 and the Rules framed thereunder upto
office". The assessee deducted this amount in arriving at the net profit as shown in the return to the income-tax authorities. The contention ... facts of the case, namely, that it was a case not of compulsory cessation, but of voluntary resignation to make room, in the interest
land. Chapter V of the Slum Act ,
therefore, makes provision for compulsory acquisition of such lands.
Section 14 confers powers upon the State Government ... such land. Sections 16
to 21 provide for payment of compensation for compulsory acquisition of
the land under the Slum Act . The amount of compensation
special needs of a
particular purchase; (ii) capitalization of the net annual
profit out of the property at a rate equal in normal cases ... securities. Ordinarily value
of the property may be determined by capitalizing the net
annual value obtainable in the market at the date of the
notice
compulsory sales. Each contract has to be interpreted on its
own terms. In the case of South Arcot (supra) statutory or
compulsory sale ... against the sale
price which clearly indicates that the netting/difference between
the two prices constituted receipt on a commercial basis or net
profit. Lastly
along with 15 per cent, for compulsory acquisition under Section 3(2) of the Land Acquisition Act, as well as damages to the extent ... various points arising, came to the conclusion that as the net saleable area came to 4,09,952 square foot. Valuing the same
revenue was
separately payable were taken over by the Government by
compulsory acquisition or by resumption, the Zamindar still
remained liable to pay the revenue ... ferries Rs. 53,923.40 which was ninety one times the net
profit
5 4 3
made by the Zamindar annually. He contended on that hypo
immediately preceding the order of compulsory retirement on the basis of which the validity of the order of compulsory retirement has to be adjudged ... only when the decision to retire him compulsorily had been taken. The net result is that the good entry for the year 1985 is far outweighed
Raja Suryapalsingh And Ors. vs The U.P. Govt. on 10 May, 1951
Equivalent citations
asset or the extinguishment of any rights therein or the compulsory acquisition thereof under any law.
The word "transfer", which is separately defined ... thereof but also that which the definition says is included therein. The net is thus case very wide and not only any profit or gain
