short and interesting question as to the scope and interpretation of Section 50B of the Estate Duty Act, 1953 ("the Act", for short ... which she duly paid. Basing on the provisions of Section 50B of the Act, she claimed to be entitled to a rebate respecting this payment
Whether exercise of suo-motu power under
sub- section 4 of Section 50B of the Act
has to be within the reasonable period
under ... issued by the Tehsildar exercising
suo-motu power under sub-Section (4) of Section 50B of the Act,
some parties filed civil revision petitions
Whether exercise of suo-motu power under
sub- section 4 of Section 50B of the Act
has to be within the reasonable period
under ... issued by the Tehsildar exercising
suo-motu power under sub-Section (4) of Section 50B of the Act,
some parties filed civil revision petitions
contained in Section 2(14)(a) of the Act as well as
Section 45 of the Act. Section 2(14)(a) is to the following ... introduced for
the first time (vide Finance Act, 1999 ) by inserting Section 50B to the Act
with effect from April 01, 2000, laying down
against the judgment of Delhi High Court
in Income tax Reference under Section 256(1) of the Income ... Incidentally, it may be noted that by an amendment to Section 50B
inserted by the Finance Act, 1999 w.e.f. 1.4.2000, cost of acquisition
have been taken away by reason of : (a) contravention of section
6 or section 48 or s. 240 B or any other relevant provision ... similar circumstances suo-motu power was given to the
Collector under section 50B (iv) of the Andhra Pradesh (Telangana
Area) Tenancy and Agricultural Lands
order passed
by the High Court by invoking provisions of Section 583(4)(a) of the
Companies Act, 1956 (in short `the Companies ... even no reference to the
plea that before amendment of Section 50B of the Act by Finance Act, 1999
there was no scope for levying
fortified in our conclusion by the language of Sections
50A[13] and 50B[14] which make it express when they say “she[15] would
otherwise ... rate with which she would otherwise be chargeable.
[14] Section 50B. Port-due on vessels not discharging or taking in
cargo.— When a vessel enters
land at that
stage having regard to the express prohibition under Sections
47 and 49 of the Tenancy Act of 1950. We are unable ... capable of being avoided without the
defect being cured under Section 50B of the said Act. It was
all the more so since the transfer
finding that all the
6
various transactions were hit by Sections 47 and
50B of the Hyderabad Tenancy and Agricultural
Lands Act, 1950 (hereinafter referred ... held that the
transactions were hit by Section 47 of the 1950
Act and consequently Section 50B was also not
required to be invoked
