Elgi Equipments Ltd. Vs. Dy. Commissioner of Income-tax

Decided On : Mar-26-1992

Court : Income Tax Appellate Tribunal ITAT Madras

LAW: the Second Schedule, Section 16, the Surtax Act, Section 2(8, the Companies Act, the Surtax Act, Rule 1 of the Second Schedule - the, Rule 1 (Hi, Rule 1 (ii, Rule 1 (Hi, Rule 1, the Surtax Act, the Finance Act, the Finance Act, Section 210, the Companies Act, Section 211(1, Section 211(2, Section 211, the Companies Act, Rule 1A of the Second Schedule to the Surtax Act, the Companies Act, the Surtax Act, the Companies Act, the Companies Act, Rule 1A of the Second Schedule to the Surtax Act, the Companies Act, Rule 1A, Rue 1A, Rule 1, the Surtax Act, Section 16

CARDINAL: 1, three, 1,47,82131-3-1981, 4,59,187, 3, 112, two, 31-3-1981, 7-3, 23-12-1988, two, 1, 96, 2, 94, 387.13, One, more than one, 132, 559.17, 1A, 1-4-1975, 1A, 1-4-1975, 1A, 31-3-1981, 31-3-1982, 31-3-1983Profit, 1,45,01,568Surplus, 203, 264, 21,061, 42,097, 90,259, 1,45,92,354Misce, 10,583, 12,525, 21,846, 59,59,000Surplus, 264, 818, 1,45,70,508depreciation, one, three, 1A, 19,42,374, 211, 1A, 9, 1, 9, one, hundreds, one, 82ITR 194, three, 39, 1,34,001, 1,07,281, 7, 1,07,281.We, 7, 1-10-1984, 31-3-1988, 7

WORK_OF_ART: I.T. Assessment Deprn, the Second Schedule, Reserves and Surpluses, Current Liabilities and Provisions, 'Current Liabilities', the Second Schedule to the Surtax Act

PERSON: Deprn, Rs.---------------------------------------------------------------------------------------31-3-1980, Surtax, Surtax, us.11, Shri G. Sarangan, Shri Sarangan, Shri Sarangan, Shri Sarangan, Schedule, Rule, Rule, Asst, 5,43.089 Rs, 99,92,362 Rs, Surtax Rs, 53,80,310 Rs, 5,50,000 Rs, 57,88,224 Rs, R.M. Amin, 33,39,461 - Rs, Schedule

ORG: Shortfall Progressiveyear, I.T., the Companies Profits (Surtax) Act, CIT, Zenith Steel Pipes Ltd., Coimbatore, the Commissioner of Income-tax, CIT, Zenith Steel Pipes Ltd., the Commissioner of Income-tax, CIT, CIT, CIT, the general reserve, Shri G.C. Jain, Departmental Representative, Zenith Steel Pipes Ltd., Tea Estates Co. Ltd., CIT, Nagammal Mills Ltd., CIT, the Companies (Profits) Surtax Act, the Companies (Profits) Surtax Act, The First Schedule, the Companies (Profits) Surtax Act, the Supreme Court, Vazir Sultan Tobacco Co.Ltd., CIT, ITR, Parliament, Department, Department, P &amp, L A/c. B/F Rs, Sections 210, Explanation, Explanation, the Board of directors, the general reserve, the Board of directors, Exvisceribus, the Gujarat High Court, CIT, Legislature, CIT, CIT, Lakshmi Mills Co. Ltd., AC, ITD, CIT, CIT, Zenith Steel Pipes Ltd., CIT, the said reserve, the Taxation Laws (Amendment) Act

DATE: 1981, 1981-1982, 12,00,610 18,07,61831-3-1983 1983-1984, years 1982-83, 1983-84, 9-5-1985, 1964, the assessment year 1984-85, 1978, 1964, years 1982-83, 1983-84, years 1982-83, the assessment year 1982-83, the previous year ending, year 1982-83.9, year 1984-85, 1974, 1974, 1964, 1964, 1956, 1981, Rule 1 (ii, 1922, 1961, 1976, 1976, Year 1982-83, 1983-, 22, the last day of the year, the last day of the year, 1956, annual, the previous financial year, the financial year, the financial year, annual, a particular year, the end of the year, taxation.27, the year ending on March 31, 1984, the earlier years, the current year's, the first day of the previous year, the assessment year, the previous year, previous year, annual, the recent years, 1971, year 1982-83, August 29,1991, 1991, year 1982-83, the assessment year 1984-85, Rule 1 (ii, years 1982-83, 1983-84, years 1982-83, 1983-84, years 1982-83, 1983-84, 1984, the expiry of, two years, the financial year, 9-5-1985, years 1982-83, 1984-85, year 1983-84

GPE: Bombay, Bombay, tanto, submissions.14, Bombay

ORDINAL: first, Firstly, Secondly, Thirdly, Fourthly, first, second, Secondly, Thirdly, first, First, Second, Secondly

NORP: Rules

PERCENT: 15%, 75%

LOC: the Central Govt

TIME: 9-5-1985