Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Tally On Cloud Tally on Cloud: Ready for the Daily Backup Requirement
Keep your Tally books accessible from anywhere while supporting your Rule 46(8) obligations. With daily backups configured on servers physically located in India, Tally on Cloud helps you maintain the backup arrangement required for electronic books of account under the Income-tax Rules, 2026. Move your Tally to the cloud with confidence.
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.
 Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
 ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
 Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
 CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
 CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
 Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
 Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
 Tax audit deadline September 30: Common mistakes taxpayers should avoid
 Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
 Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money

HC rejects ONGC plea for tax exemption from Puducherry
November, 22nd 2006

The Madras High Court has turned down the plea of Oil & Natural Gas Corporation (ONGC) to direct the Union Territory of Puducherry to continue exemption granted earlier from payment of motor vehicle tax for its vehicles.

Dismissing a writ petition of ONGC, challenging the orders of Puducherry administration rejecting their claim to get exemption from tax, the court said that the Union Territory with its meagre funds had to depend on revenues such as motor vehicles tax, and it was not open to this court to direct that the Government continue exemption granted earlier in favour of its predecessor body Oil & Natural Gas Commission which was subsequently converted into a company (Oil & Natural Gas Corporation) owned by the Central Government.

The petitioner contended that in terms of provisions of the Oil & Natural Gas Commission (Transfer of Undertaking & Repeal) Act, 1993, they were entitled for tax exemption granted by the Union Territory, even after February 1, 1994, i.e. date on which ONGC was converted into a Government company.

On behalf of the Puducherry Government, it was submitted that when there was a transfer of ONGC, in terms of Section 50(1) of the Motor Vehicles Act, 1998, the transferor should report the same to the registering authority within 14 days of transfer.

Such procedure was not followed, and after four years, ONGC sought for exemption from tax. The petitioner's request for further exemption of tax was rejected since the petitioner was carrying on commercial activities and was liable for tax and penalty.

Exemption was earlier granted on March 18, 1977, only to Oil & Natural Gas Commission for oil exploration, and therefore, even as per the earlier law of 1959, it was only the Commission, which was granted exemption, and that too on basis that the property of the Commission was the property of Union of India. However, now it is a corporation registered under the Companies Act and the exemption could not be availed of by them.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting