Oudh Sugar Mills Ltd. Vs. Income-tax Officer

Decided On : Feb-08-1990

Court : Income Tax Appellate Tribunal ITAT Mumbai

LAW: Section 41(2, the IT Act, Section 41(2, Section 41(2).7, Section 41(2, Section 43, Section 43, Section 41, the Companies Act, Section 391, Section 394, the Companies Act, the Company Law, Section 118, Section 45, Section 63, the I.T. Act, Section 63, Section 41, Section 41, Section 118, the Indian Companies Act, the Companies Act, Section 41(2, Section 32(1, the IT Act, Section 41(2, Section 118, the Sale of Goods Act, Section 10(2)(vii, Section 10(2)(vii, Section 394, the Companies Act, Section 391, Section 41, Section 391, Section 394, the Companies Act, Section 391, Section 394, Section 41, Section 41, Section 41, Section 394, the Companies Act, the Companies Act, the Companies Act, Section 41(2

CARDINAL: 1, two, 30-6-1981.3, 5,02,620, 24,003, 12,63,952, 14,016, 24,003.5, three, three, 24,003, 24-6-1981, 1, four, 10, one, 100, 38 to 44, 28 to 41, one, 1, 391, 394, two, two, one, 779, 177, 198, 72, two, 4, 128, 294, 295, 2, 157, 665, 63, 224, 161, 209, 161, 576, 162, 66, 29-6-1981, 29, 5, 1, II, 30-6-1980, 5, one, 100, one, 100, four, 10, one, 100, 5, 100, three, three, three, three, 118, two, one, 525, 202, one, 696, II, 582).In, one, 1, two, transferee, transferee, only one, two, 50, 59, 335, 3, 2, two, one, 2, 3, two, one, 1, 3, 5, 5, 27, 559, two

DATE: year 1982-83, the assessment years 1979-80, 1980-81, the year, para-35, 1977, more than three years, the previous year, 4,10,97,283, 1052, 1069, 1073, 1989, 1969, 62, 1981, 1986, 1967, 1986, 1986, 1986, 1967, 1st July, 1980, 1st July, 1992, 13th December 1972, 1958, 1922, 1980, 95, 1986, 1073 to 1075, 1957

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

ORG: the CIT (Appeals, Molasses &, Alcohol Reserve Fund, the CIT (Appeals, the CIT (Appeals, ITO, ITO, ITO, ITO, the CIT( Appeals, ITO, Akola, Berar Oil Industries, Akola Oil Industries Ltd., the Bombay High Court, Berar Oil Industries, Akola Oil Industries, Berar Oil Industries, Akola Oil Industries Ltd., BOI, ITO, ITO, ITO, ITO, the High Court, Berar Oil Industries, BOI, BOI, BOI, Akola Oil Industries, Oudh Sugar Mills Ltd., Oudh Sugar Mills Ltd., Oudh Sugar Mills Ltd., the Supreme Court, CIT, HUF, the Supreme Court, CIT, Sections, Explanation, the Supreme Court, CIT, ITR, the Supreme Court, the Supreme Court, CIT, Bansi Dhar and, Associated Clothiers Ltd., CIT, the Supreme Court, Jagdish Sugar Mills Ltd v., CIT, the Calcutta High Court, CIT, Bengal Assam Steamship Co. Ltd, the Madhya Pradesh High Court, CIT, Amar Transport Services, ITR, the Bansi Dhar &, Sons, CIT v.Motors &, General Stores, SC, the Supreme Court, Rasiklal Maneklal's, Akola Unit, Berar Oil Industries, Akola Oil Industries Ltd., the Bombay High Court, Court, Oudh Sugar Mills Ltd., AOIL, Oudh Sugar Mills Ltd., Industry House, Uttar Pradesh, Maharashtra, Oudh Sugar Mills, Uttar Pradesh, BOI, Uttar Pradesh, Berar, Oudh, Preference Shares, Oudh, Oudh, Oudh, Preference Shares, Akola Industries, Cumulative Remeemable Preference Shares of Rs, Oudh, Capital Redemption Reserve Account, Oudh, General Reserve, Akola Industries, Preference, Oudh, the Preference Shares of Oudh, Oudh, Scheme, Oudh, the Memorandum of Association, Oudh, ITO, BOI, the general reserve, the general reserve, ITO, ITO, AP, Rasiklal Maneklal's, the Supreme Court, The Supreme Court, Emphasis, Motors &, General Stores, the Supreme Court, The Supreme Court, the Supreme Court, Zamindarini, the Supreme Court, The Supreme Court, Court, Court, Court, A.W. Figgis &amp, P.) Ltd., W.H.Targett and Co. Ltd, Wall Street Investment, the High Court, the High Court, Oudh Sugar Mills, the High Court, Clauses 3, The Calcutta High Court, Calcutta Stock Exchange Assbciation Ltd., Supreme Court, Jagdish Sugar Mills Ltd.'s, the Supreme Court, the Supreme Court, Bansi Dhar &, Sons, the Supreme Court, Motors &, General Stores, the Sale of Goods Act

PERSON: Shri S.N. Gupta, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Rasiklal Maneklal, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Toprani, Shri Raju, Palacherla Anandu, Mallipudi Acharyulu, Shri Toprani, Shri Raju, Shri Raju

NORP: Maharashtra, Ramaiya, Maharashtra, Maharashtra, Indian

WORK_OF_ART: 1988 Edition, 1988 Edition

GPE: case.10, Bombay, Akola, the State of Maharashtra, Akola, Issue, B.M. Kharwar's, Clause, assessee

MONEY: 3 &amp

EVENT: Clause 5

PERCENT: 9.5%, 25,000 9.5%

FAC: Zamindar