business of the
assessee-company had come to an end as the compulsory winding up
order had been passed by the High Court ... carrying on the business of banking was concerned. The net effect
would be, therefore, that the assessee-company ceased to be competent
to carry
such transfer, invested or deposited the whole or any part of the net consideration in any specified asset (such specified asset being hereafter in this ... case where the transfer of the original asset is by way of compulsory acquisition under any law and the full amount of compensation awarded
immovable property used for residence, land used for agricultural purppses, compulsory acquisition of lands and buildings and other capital assets are exempt from income ... After the aforementioned amendments, where the amount of capital gains or the net consideration, as the case may be, is not appropriated or utilised
Net Value Method when Rule 11
UA of the 1962 Rules provides assessee an option to adopt DCF method. It
was submitted that Net Asset ... Net asset value method
as the said method represents true potential of the company. It was
submitted by the assessee that to apply net asset
absence of registration. The compromise decree did not need compulsory registration. In other words, the issues for consideration was whether or not sale ... Singh (supra). The compromise decree needed compulsory registration. The consequences of non-registration of a document needing compulsory registration are indicated in Section
Learned Senior Counsel for the Petitioner points out that pending Compulsory Retirement Proceedings, the Petitioner filed an Application seeking Voluntary Retirement from service ... person is retired on VRS or if he is compulsorily retired, the net result is the same.
7.53.The Learned Senior Counsel
Ishwarbhai Marghabhai Patel vs State Of Gujarat on 25 August, 2000
Equivalent citations: (2000)4GLR425
himself said that the shares stands reduced and that
the Company, Asia Net News Network had extinguished the number of
shares held by reducing tern ... asset; or
(ii) The extinguishment of any rights therein; or
(iii) The compulsory acquisition thereof under any law; or
(iv) In a case where
contention. If the
Constitution was silent on the point and provided for compulsory,
acquisition, the position might have been different.
20. Mr. Dhar, who appeared ... that as regards the other
half, though compensation at eight times the net income is provided, it is
a mere sham inasmuch
Rajya Sabha Debate on the Right of Children to Free and
Compulsory Education Bill, 2009: As per the statement of the
introducer of the Bill ... devolution of funds to the States,
have increased to 42% of the Net Union Tax receipts, which in case of
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