The Commissioners, as its seems to me, in fixing what money equivalent should be taken as representing the asset, must fix an appropriate money value as at the end of the period to-which the appellant’s accounts are made up by taking all the circumstances into consideration. It has been strenuously urged before us that in the case of a Bank which is a credit institution a pen-down strike, if continued for a long period, is likely to affect prejudicially the credit of the Bank. There has been in the past a well-marked difference of opinion between the Bombay and the Calcutta High 121 Courts, the leading cases in Bombay being Harakchand Makanji 1.
This Court in Sonic Surgical v. (7) The arrestee should, where he so requests, be also examined at the time of his arrest and major and minor injuries, if any present on his/her body, must be recorded at that time. ” As in the case of assets received during the accounting year which could not be immediately realized in a commercial sense, so in the case of liabilities which have already accrued during the accounting year, though they may not have to be discharged till a later date.
Section 17(2) of the said Act reads thus : [2010 (1) SCC 135] has also laid down law to the same effect and has discussed the term ˜branch office used in section 17(2) of the Consumer Protection Act, 1986 in the context of cause of action. XVIII of the Code and inasmuch as he had failed to comply with ss. It will be always open to the Income-tax authorities to fix an appropriate money value of that liability as at the end of the accounting period by taking all the circumstances into consideration and the estimate of expenses given by the assessee would be liable to scrutiny at their hands having regard to all the facts and circumstances of the case.
National Insurance Co. A return which showed no assessable income, could not possibly be ‘treated’ as a return filed under section 24(1) or a return called for under that section but filed under section 24(3), when in fact it was filed in response to a notice under section 24(2). A person who had no assessable income in the previous year is placed under no duty by a notice under section 24(1) to furnish a return and a person who thinks, rightly or wrongly, that he had no assessable income will furnish none.
The Supreme Court of India advocates held that at the stage of framing the charge inquiry must necessarily be limited to deciding if the facts emerging from such materials constitute the [pic]offence with which the accused could be charged. We are prepared to concede that in the surcharged atmosphere which generally accompanies strikes and when passions are aroused, a large scale and continuous pen-down strike may lead to untoward consequences. 347 (1) of the Code, that the case should be committed to the Supreme Court of India advocates of Session, to follow the procedure provided in Ch.
But, on the other hand, even in the case of such a strike, the employer is not without a remedy. 208 to 213 of the Code the commitment was bad in law and should be quashed. (iii) that while Section 3 does use the word ˜shall in relation to the constitution of a National Human Rights Commission, the absence of a similar expression in Section and the use of the word ˜may as observed by this Supreme Court of India advocates in Bachahan Devi (supra) case makes little difference as the scheme of the Act and the true intention underlying the legislation is to be determined by the Court depending upon whether the power was coupled with a duty to exercise the same or was conferment of power simpliciter.
Provided that this sub-section shall not apply in a case where the provisions of section 42 or section 44D or [section 44DA or] section 115A or section 293A apply for the purposes of computing profits or gains or any other income referred to in those sections. The Court referred to earlier decisions in State of Bihar v. Jitendra Bhimraj Bijjayya, (1990) 4 SCC 76, after considering the provisions of Sections 227 and 228 CrPC, the Court posed a question, whether at the stage of framing the charge, the trial court should marshal the materials on the record of the case as he would do on the conclusion of the trial.
The lawyer Supreme Court of India may peruse the records for that limited purpose, but it is not required to marshal it with a view to decide the reliability thereof. A return under section 24(1), whether filed within the time allowed under the section or filed subsequently under the provisions of section 24(3), will therefore show an assessable income. The “Inspection Memo” must be signed both by the arrestee and the police officer effecting the arrest and its copy provided to the arrestee.
” The opinion here expressed was criticised in the judgment under appeal, and in the next case, R. 458 16 122 the return he offers that income for assessment. It is also pointed out that, even in regard to industrial concerns, if strikers entered the premises of the factory and sit around the plant in large numbers, in the heat of the moment unfortunate and ugly incidents are likely to happen, and so such pen-down or sit-down strikes should be positively discouraged.