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1 - 9 of 9 (0.61 seconds)Section 7 in The Companies Act, 1956 [Entire Act]
Bajaj Tempo Ltd. Bombay vs Commissioner Of Income Tax,Bombay ... on 24 April, 1992
We find that the object of granting exemption from payment of sale tax has always been for encouraging capital investment and establishment of industrial units for the purpose of increasing production of goods and promoting the development of industry in the State. If the lest laid down in Bajaj Tempo Ltd. case (supra) is applied, there is no doubt whatever that the exemption granted tot he respondent from 9th August, 1985 when it fulfilled all the prescribed conditions will not cease to operate just because the capital investment exceeded the limit of Rs. 3 lakhs on account of the respondent becoming the owner of land and building to which the unit was shifted. If the construction sought to he placed by the appellant is accepted, the very purpose and object of the grant of exemption will be defeated."
Commissioner Of Income Tax, Amritsar vs Straw Board Manufacturing Co. Ltd on 28 April, 1989
"In Commissioner of Income Tax, Amristar v. Straw Hoard manufacturing C. Ltd., 1989 Suppl (2) SCC 523: 1989 U.P.T.C. 1300 (SC) this Court held that in taxing statutes, provision for concessional rate of tax should be liberally construed.
Section 18 in The Companies Act, 1956 [Entire Act]
The Companies Act, 1956
The Coinage Act, 2011
The Indian Stamp Act, 1899
The Central Sales Tax Act, 1956
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