Reliance Industrial Infrastructure Ltd. Vs. Jt. Cit

Decided On : Jun-04-2001

Court : Mumbai

LAW: section 145(1, the Income Tax Act, section 145(1, section 53, the Banking Regulation Act, section 10(1, section 10(2)(xv, Income Tax Act, section 145, the Income Tax Act, the Income Tax Act, the Accounting Standards, the Lease Tax Act, Lease Tax Act, Lease Tax Act, section 145, the Lease Tax Act, section 37, the Income Tax Act, section 4, the Income Tax Act, the Income Tax Act, Income Tax Act, the Income Tax Act, the Income Tax Act, section 145(1, the Lease Tax Act, Lease Tax Act, the Lease Tax Act, the Lease Tax Act, section 37, the Income Tax Act, section 4, Lease Tax Act, the Lease Tax Act, section 4, the Lease Tax Act, section 35D, the Income Tax Act, the Income Tax Act, the Income Tax Act, section 35D, the Income Tax Act, section 35D, the Income Tax Act, section 35D, the Income Tax Act, section 35, the Income Tax Act, section 37, section 35D. Since, section 35D, Income Tax Act, section 4, Income Tax Act, Section 5 of the Act enumerates, the Income Tax Act, Section 4, section 145(1, section 145(1, section 13 of 1922 Act, Section 145, section 145, the Income Tax Act, section 13 of 1922 Act, section 13, the Indian Income Tax Act, the Indian Income Tax Act, section 145', section 13 of 1922 Act, section 145(1

PERSON: Arvind Sonde, S.C. Tiwari, lea, Schedule, lessees).DescriptionAmountI. Microprocessor, V. Rate Rs, Jones, Threlflai Jhones, Addl, Buckau Wolf New India, Shree Krishna, Johnson, Addl, Buckau Wolf New India, Buckau Wolfs, Shree Krishna, Addl, Buckau Wolf New India Engg, Schedule, Guidance Note, Asst, Lease rent1995-96Rs, Asst, Lease rent1995-96Rs, Bench, Tuticorin Alkali, Schedule, Schedule, Schedule, Buckau Wolf's, Shree Krishna, Schedule, Schedule, Schedule, Schedule, accordingly.27, Hon'ble Kerala High Court, Brooke Bond, S. C. Tiwari, Sarangpur Cotton, Vimla D. Sonwane

ORG: the Assessee H. Srinivasulu, Bench J.P. Bengra, J.P. Bengra, the Commissioner (Appeals, M/s Reliance Capital & Finance Trust Limited, RCFTL, RCFTL, the Income Tax Authorities, M/s Reliance Capital Ltd., Clauses 2.2, Management Fee, Machinery, M/s Reliance Capital and Finance Trust Ltd., CPPL Ltd., Energy, SCADA).Rs, Maharashtra, Period Primary, the Institute of Chartered Accountants, M/s Reliance Capital Ltd., ICAI, P&L, P&L, P&L, the Calcutta High Court, CIT, Uco Bank, ICAI, the Income Tax Authorities, the Supreme Court, Keshav Mills Ltd., CIT, ICAI, the Commissioner (Appeals, the Commissioner (Appeals, the Supreme Court, Kedarnath Jute, CIT, Bombay High Court, CIT, State Bank of India v., CIT, CIT, Gujarat Mineral Development Corpn, CIT, Buxa Dooars Tea Co., CIT, Industrial Machinery Mfg, CIT, CIT, O.E.N. India Ltd., CIT, Mogul Line Ltd., the Commissioner (Appeals, the Supreme Court, Challapalli Sugars Ltd., CIT, the Calcutta High Court, CIT, Uco Bank, the Hon'ble Supreme Court, Uco Bank, CIT, the Supreme Court, Uco Bank, the Supreme Court, Investment Ltd., CIT, the Supreme Court, Kedarnath Jute Mfg, CIT, the Income Tax Officer, the Central Government, Reserve, the Supreme Court, E.D. Sassoon Co. Ltd., CIT, W.S. Try Ltd., Webb v. Stenton & Ors, RCFTL, the Hon'ble Supreme Court, Bombay High Court, Kedarnath Jute Mfg, Co. Ltd., the Hon'ble Supreme Court, Solicitor-General, the High Court, the Gujarat High Court, CIT, Gujarat Mineral Development Corporation, Bombay High Court, CIT, the High Court, CIT, Buxa Dooars Tea Co., CIT, Industrial Machinery Mfg, CIT, CIT, O.E.N. India Ltd., State Bank of India v., CIT, CIT, Mogul Line Ltd., Supreme Court, Keshav Mills Ltd., CIT, the Income Tax Authorities, Supreme Court, Kedarnath Jute Mfg, Co. Ltd., Kedarnath Jute Mfg, Co. Ltd., State Bank of India, the Hon'ble Supreme Court, CIT, Works Ltd., the Hon'ble Supreme Court, Kedarnath Jute, the Supreme Court's, Kedarnath Jute Mfg, Co. Ltd., CIT, the Supreme Court, the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, monthly.(iv, the Commissioner (Appeals, the Commissioner (Appeals, The Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, ICAI, ICAI, the Commissioner (Appeals, ICAI, the, department, the Supreme Court, Supreme Court, the ICAI end Accounting Standard 1, CBDT, CBDT, CBDT, CWT, CBDT, ICAI, Departmental, the Supreme Court, Challapalli Sugars Ltd., CIT, Departmental Representative, Departmental Representative, the Commissioner (Appeals, Reliance, the Supreme Court, CIT, ChamanIal Mangaldas & Co., the Supreme Court, the Supreme Court, Keshav Mills Ltd., the Supreme Court, P&L, P&L, P&L, ICAI, AccountingThe, P&L, ICAI, P&L, Bench, Departmental Representative, P&L, P&L, P&L, the Institute of Chartered Accountant of India, the Accounting Standard, ICAI, P&L, the Commissioner (Appeals, Departmental, the Commissioner (Appeals, the Commissioner (Appeals, the Supreme Court, Muddi Venkataratnarn & Co. Ltd., CIT, ITR, P&L, Tribunal, Nagarjuna Finance Ltd., the Tribunal in Dy, CIT, Nagarjuna Investment Trust, Departmental Representative, Madras Industrial Investment Corporation Ltd., CIT, Reliance, the Gujarat High Court, CIT v., Super Scientific Clock Co., the Supreme Court, CIT, British Paints India Ltd., Reliance, the Supreme Court, State Bank of Travancore v., CIT, Departmental Representative, Madras Industrial Investment Corporation Ltd., the Supreme Court, the Supreme Court, Departmental Representative, Supreme Court, Tuticorin Alkali Chemicals, CIT, the Supreme Court, the Supreme Court, Emphasis, Supreme Court, Hyderabad Bench, Tribunal, Departmental Representative, TTJ, SB, Departmental Representative, Departmental Representative, the Maharashtra Sales Tax, the State Government, Government Treasury, the Maharashtra Government, Departmental Representative, SCADA, RCFTL, the Commissioner (Appeals, the Commissioner (Appeals, The Commissioner (Appeals, the Commissioner (Appeals, ICAI, ICAI, ICAI, Institute, Departmental Representative, the Supreme Court, Supreme Court, ICAI, CBDT, CWT, AS-1, CBDT, CBDT, AS-1, CWT, ICAI, Departmental Representative, Departmental Representative, the Supreme Court, Madras Industrial Investment Corporation Ltd., the Supreme Court, the Supreme Court, Tuticorin Alkali Chemicals, CIT, Departmental Representative, the Supreme Court, the Hon'ble Supreme Court, the Honble Supreme Court, Income Tax Authorities, ICAI, RCFTL, ICAI, P&L, P&L, ICAI, Departmental Representative, Commissioner (Appeals, ICAI, Supreme Court, Muddi Venkataratnam, P&L, Hyderabad Bench, Nagarjuna Finance Ltd., the Supreme Court, Madras Industrial Investment Corporation Ltd., Challapalli Sugars Ltd., the Calcutta High Court, CIT, UCO Bank, the Calcutta High Court, the Supreme Court, Uco Bank, CIT, the Hon'ble Supreme Court, Investment Ltd., CIT, E.D. Sassoon Co. Ltd., CIT, the Hon'ble Supreme Court, Kedarnath Jute Mfg, Co. Ltd., the Hon'ble Supreme Court, the Income Tax Officer, Departmental Representative, Gujarat High Court, Gujarat Mineral Development Corporation, the Gujarat High Court, Backau Wolf New India Engineering Works Ltd., The Bombay High Court, Supreme Court, Co. Ltd., the High Court, CIT, Industrial Machinery, CIT, O.E.N. India Ltd., State Bank of India v., CIT, CIT, Mogul Line Ltd., The Supreme Court, Kedarnath Jute Mfg, Co. Ltd., Departmental Representative, the Hon'ble Supreme Court, Kedarnath Jute Mfg, Co. Ltd., CIT, Backau Wolf New India Engineering Works Ltd., the Hon'ble Supreme Court, Kedarnath Jute Mfg, Co. Ltd., the Bombay High Court, Kedarnath Jute Mfg, the Supreme Court, the Supreme Court, Departmental, Departmental Representative, the Supreme Court, Muddi Venkataratnam, Departmental Representative, the Government of Maharashtra, Departmental Representative, the Commissioner (Appeals, Registrar of Companies, Federal Bank Ltd., CIT, Registrar, Board of Resolution, Registrar of Companies, Rajasthan High Court, CIT v. Multimetals Ltd., the Commissioner (Appeals, the Supreme Court, Punjab State Industrial Development Corporation Ltd., CIT, CIT, Departmental Representative, The Hon'ble Supreme Court, The Commissioner (Appeals, the Commissioner (Appeals, Sunil Siddharthbhai, CIT, CIT, the Judicial Committee of the Privy Council, the Hon'ble Judicial Committee, Allahabad High Court, CIT, Madras High Court, Bangalore Woollen and Silk Mills Co. Ltd., CIT, Keshav Mills Ltd., CIT, the Hon'ble Supreme Court, the Income Tax Authorities, CIT, A. Krishnaswami Mudaliar, the Supreme Court, CIT, Tata Iron & Steel Co. Ltd., CIT, CIT, Hon'ble High Courts, the Hon'ble Supreme Court, CIT, Hon'ble Rangoon High Court

GPE: Mumbai, India, tear).4, Patalganga, Patalganga, Chembur, India, UK, Gallagher, India, India, assessee, India, supplied)8, Keshav Mills', assessee, Keshav Mills', Keshav Mills, assessee, Addl, Singaribai, England, Md. Umer v., India, India

NORP: PresidentThese, SCADA, SCADA, Rs.1.1-4-199880,3382.1-4, contra, SCADA, English

DATE: years 1994-95, 1995-96, 1996-97, all these years, all these years, 20-9-1988, 60 months, monthly, 60 months, 120 months, 7th of March, 1998, annual, 2 days, March, 1993, 15 years 10,62,55,070.00Lease, 1 year, 1995-96, 1961, 2.3, 4, monthly, 60 months, 21.90110001 month, Secondary period120 months, any year, that year, the past several years, the year, 15 years, five years, 10 years, 5 + 10 years, the year, the previous year, 1993, 15 years, 1991, 1993, 1995, 1999, the year, the assessment year, the year, the year, the year, the year, a week, five years, 15 years, year 1994-95, 15 years, one week, a week, 60 months, yearly, 20 years, the end of period of, five years, the end of, year 1994-95, 15 years, 16 years, a week, the period of, 15 years, the initial 5 years, 15 years, the recent years, September 1988, 60 months, 15 years, a week, five years, 10 years, 15 years, year 1994-95, five years to, 15 years, the year ending 31-3-1996, annual, the year ending 31-3-1996, 15 years, this year, 4 years, the year ending 31-3-1996, the previous year 1995-96?I, the year ending 31-3-1996, the year ended 31-3-1996, 15 years, Lakh1998-99Rs, 15 years, one year, one year, 1999, 2967, 15 years, 1977, first five years, 1998, 1998, 65 lTD 17, 1985, 1959, all these years, 60 months, 60 months, 120 months, a week, five years, 15 years, the assessment year 1994-95, 15 years, a week, 60 months, yearly, the end of five years, 5 to 15 years, 15 years, 15 years, first five years, the first five years, 31st March, annual, the last several years, 15 years, 5 + 10 years, the year, year 1994-95, 5 to 16 years, the year, one year, seven years, a particular year, annual, the year, annual, this year, the year, that year, the accounting year, the previous year ended, 1985, 16, year 1996-97, 1994-95 and, 1995-96, year 1996-97, 1961, the assessment year, Annual, January, 1995, 1961, 2(c)(iii, 1961, years 1994-95 and 1995-96, year 1996-97, 1961, the previous year, annual, 'previous year', years 1994-95 to 1996-97, year 1997-98, 1938, 36, 1932, '34, year 1996-97, annual, each year, 1934

CARDINAL: 30-3-1993, 8,03,38,800, 10,55,65,200, 1 to 31, 30-3-1993, 5, 30-3-1993, 5, 60, 17,59,420, 10,55,65,200, 10, 80,338, 1, nine, 60 10,55,65,200.00Add, 8,03,380,00 10,63,68,580.00Less, 12, 4.4, 4.9, 30-3-1993, 2.2, 8, 803.388, 30-3-1993.IV, 10,55,65,200, ten, fifty-five, sixty-five thousand and two hundred, ten, fifty five, 5, 2, 21.90, 24.50, 13, 2.11, 30-3-1993, 12, 2.11, two, 79.28, 140.29, 15, 188, 218, 203, 213, 240, 355, 537, 367, 51, 4, 5, 1,49,776, 219.57, one, 367, 30-3-1993, 5, one, two, two, only one, 4, two, two, one, one, 30-3-1993, two, two, four, 120, four, three, 30-3-1993, two, two, 30-3-1993, 2.19, 2.19, 31-3-1993, 2.19, 70, two, 15, only one, two, only one, 10,55,65,200, 10,63,68,580, two, two, 4, four, two, two, one, one, 7.24, 13, 70.84, 15, 19.46, 70.84, two, one, 70.184, 219.59, 1, 1, 4,00,000, 4, 1,00,000, 3,00,000, 1, 15, 10, 3, 1, 8,335, 1, 15, 8,3351997-98Rs, 8,3351998-99Rs, 10, 3, 17,500, 24, 25, 25, 1,00,000, 79.28, 5, 70.83, 79.28, 2.19, 229, 534, one, 225, 802, 79.28, 2.19, 14, two, two, 188, two, two, two, three, two, 62, 33, 79.28, 2.19, 2.19, 2.19, fifteen, 3 and 8, Four, 31-3-1994, 12,88,56,022, RCFTL.17, 140.29, 30-3-1993, 17,59,420, 5, 7, 10, two, 30-3-1993, 5, 1, 2, two, only one, one, 4, two, one, 30-3-1993, 2.19, two, two, four, 1, two, one, three, two, two, two, 2.19, 70.83, two, two, two, two, one, four, 70.83, 17, 4, 79.28, 2.19, one, 2.11, 1,00,000, five, 20,000, 1,00,000, five, 219.57, 19, 30-3-1993, 2.11, 70.83, 30-3-1993, 31-3-1996, 2.11, 70.83, 367, 70.83, 79.28, 2.19, 31, 16, 3 and 8, four, 70.83, 15, two, four, 4, 50, 50, 100, 200, 50, 100, 200, 10, 50, 1961)In, 50, 100, 200, 50, 1961.Hence, 5, 1/10th, 10, two, 1, 1, 2, 2, 32, 3, only one, 145, 6, two, 240, 10, 530, 1, one, more than one, 2

ORDINAL: first, first, third, first, Firstly, secondary, first, first, second, second, second, first, first, second, second, first, first, secondly, first, secondary, second, second, first, first, second, second, second, first, first, first, Secondly, Secondly

PRODUCT: 79,28,000, 718, AS 1 of ICAI, AS 1, Establishment, Establishment, Notes, Schedule, Bench, Connection, rupee8.The, Representative, a Full Bench, 101 M

MONEY: 2 per cent, 100 per cent, 15 per cent, 11.92 per cent, 12 per cent, Four per cent, 4 per cent, 15 per cent, 15 per cent

PERCENT: 1/2%, 2-112 per cent

TIME: eight lakhs

QUANTITY: 8,44,524.00 79,28,195.33'11, 120 months.(2

FAC: Madras Industrial, Madras Industrial, the Official Gazette, Madras Industrial, Kedarnath Jute Mtg, the Transfer of the Right