Shaw Wallace and Co. Ltd. Vs. Income-tax Officer

Decided On : May-10-1982

Court : Income Tax Appellate Tribunal ITAT Kolkata

LAW: Section 16(1, Section 16(1, Section 16, the Explanation to Rule 1 of the Second Schedule of the Act, the Companies Act, the Explanation to Rule 1 of the Second Schedule of the Companies Profits Surtax Act, the Surtax Act, the Surtax Act, the Companies Act, the Companies Act, Section 16(1, Section 6(2, Section 4, Section 2(5, the Second Schedule of the Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, Section 16(1

CARDINAL: 1, two, 34, 2,27,17,219, 24, 1, 24,32,250, 24,32,250, three, 7, 8, 7, One, 8., 6, 24,32,250, 24,00,000, 3, 270, 271, 157, 159, 356, 132, 559, 569, 3, 4, 1, 24,32,250.5, 1, 567, 569, 24,00,000, 24,32,250, 75, 31-3-1979, 6, 1-4-1977, 8), 24,00,000, 1, two, 24,32,250, 24,00,000, 24,32,250, 24,00,000, 1., 2, 1., 2)(a, 2, 42, 7, 1, 2, 4, 5, two, two, two, two, 73, two, 560-61, 10, 98, 98, 115, 116, 118, 127, 1, 2, 3, 3, 118, 6, 24,00,000, 34, 24,32,250, 24,00,000

DATE: 1981, 1964, 1981, 1,28,87,153, the year, the year 1973, the earlier years, 1956, Rule 7(1)(a, the year ended 31-12-1974, 1981, 1956, 1956, the year 1973, the year 1967, the financial year ending 31-12-1970, financial year, annually, any financial year, annual, years, 1964, 0717-0718, 1967, 1956, 1963, 1964, 1956, 1969, 1956, the same year, 1975, 1975, 1978, 1979, 1979, 1981, 1956, 1979, 31-12-1970, 1981

ORG: the Companies (Profits) Surtax Act, ITO, ITO, ITO, ITO, ITO, the general reserve, the general reserve, the general reserve, the general reserve, the general reserve, Schedule VI, Reserve, the Debenture Stock Redemption Reserve, Reserve, Schedule VI of the Companies Act, Schedule VI of, Reserve, the Debenture Stock Redemption Reserve, the Debenture Stock Redemption Reserve, the general reserve, a Debenture Stock Redemption Reserve Fund, Debenture Stock Sinking Fund, the general reserve, the Debenture Stock, Reserve, Company, Bank, ITO, ITO, Shri B.D. Nagpal, ITO, the Supreme Court, Vazir Sultan Tobacco Co. Ltd., CIT, the Supreme Court, the Supreme Court, ITO, the general reserve, ITO, ITO, ITO, the Supreme Court, Vazir Sultan Tobacco Co. Ltd., the Supreme Court, Shri Chakraborty, the Supreme Court, ITO, the Supreme Court, Vazir Sultan Tobacco Co. Ltd., ITO, Dalhousie Holdings Ltd., ITO, ITO, ITO, ITO, ITO, the Supreme Court, Vazir Sultan Tobacco Co. Ltd., ITO, the Hon'ble Supreme Court, Vazir Sultan Tobacco Co. Ltd., The Hon'ble Supreme Court, the Super Profits Tax Act, Metal Box Co., India Ltd., ITR, the Supreme Court, Vazir Sultan Tobacco Co. Ltd., CIT, Wvg., Challapalli Sugars Ltd., CIT, SC, CIT, Rajendra Prasad Moody, SC, Sutlej Cotton Mills Ltd., CIT, SC, CIT, Tata Mills Ltd., CIT, Saurashtra Cement &, Chemical Industries Ltd., ITR, the Accountancy Books, the Hon'ble Supreme Court, Vazir Sultan Tobacco Co. Ltd., Directors, the general reserve, CIT, ITO, ITO, AAC, AAC, Tribunal, the Hon'ble Supreme Court, ITO, ITO, ITO, ITO, ITO

GPE: Act.3, assessee, Accountancy, Profit, Profit, Addl

TIME: 30-9-1975

MONEY: 10 per cent, 7| per cent

ORDINAL: first, second, first, first, second

WORK_OF_ART: Reserves and Surplus', Book-Keeping, Schedule II

PERSON: Rule 7(1)(&amp, Balance Sheet, Spicer, Schedule 2, Shri Chakraborty, Shri Nagpal, Shaw Wallace, Shaw Wallace, Shaw Wallace, Shri Chakraborty, William Pickles, Spicer, Schedule, Balance Sheet, J.K. Cotton Spg, Fritz Werner, Kar

PRODUCT: Schedules 2

EVENT: Clause 45

FAC: Ground No