Kirloskar Investments and Finance Vs. Assistant Commissioner of

Decided On : Mar-04-1998

Court : Income Tax Appellate Tribunal ITAT

LAW: section 158BC, section 158BE(1, Chapter XIV-B, section 158BB(b, section 132, section 158BC of the Act, section 133A, section 133A, section 158B, section 132, section 132A., section 68, section 69, section 69A, section 69B, section 132, section 132, section 132A, section 37, section 22, section 132(3, section 132, section 132(1, section 132(3, section 76, the Criminal Procedure Code, section 132(3, section 158BE, section 132, section 132(1, section 132(3, section 132(8A, section 132(5, section 132(1, section 132(5, section 158BC, section 132, section 132, Section 132(1, section 132 of the Act

CARDINAL: 1, 30, seven, 1., 2., only one, 30-3-1996, 31-3-1997, 3, 30-3-1996, 4., 5, 31, 31-3-1996, 6, 30-3-1996, 23, 17, 30-3-1996, 21, eleven, eleven, 10,12,70,403, eleven, 26, 27, 19, 21, 24, 30-3-1996, four, four, 1, 102.18, 2, 158.00, 3, 40.28, 4, 41.18, 341.98, 1, 2, 3, 4, 5, 6, 2, 3, 4, 23, 12, eleven, eleven, eleven, 1,02,18,000, 384, 386, 26, 29-3-1996, 23, 80,00,400, 025, 25, 11-4-1996, 23, 15,30,074, 27-6-1994, 23, 17, 19-4-1994, 70,67,403, 5, 94-95, 9.70, 3, 6, 70.67, 1, 2, 3, 4, 27, 1,23,84,800, 7, 64, 21, 123.84, 73.43, 24, 15, 31-3-1996, two, 809, 817, 23, 81,69,700, 95, 96, 1,02,00,000, 17, 1-6-1993, 9,02,122, 31,25,878, 12, 34,56,250, 66, 443, 16, 31-3-1996, 63, 28, 30-3-1996, 19-4-1996, 20 to 26, 2, 6, 2, 3, 3, 41, 4, 22-4-1996, 5, 5, five, 70, 81, three, 81Engineers, 6, 6, one, eleven, 30-6-1995, 2, 158BE(1, 132(3, 1997.(1, 1, 1, 4, 1, 142, 3, 1, 1).23, 30-3-1996, 30-3-1996, 30-3-1996, 30-3-1996, 8, 12, 14, 21, 29, 30-3-1996.25, 30-3-1996, only one, 30-3-1996, 31-3-1996, 30-3-1996, 29, 30-3-1996, 12, 14, 21, 29, 8, 29, 30-3-1996, 30-3-1996, 30-3-1996, 12, 12, one, 30-4-1996, 30-3-1996, 30-3-1996, 29, 30-3, 29, 1-6-1996, 30-3-1996.30, 30-3-1996, 30-3-1996, only one, 30-3-1996, 2, 2, 30-3-1996, 30-3-1996, 30-3, 8-4-1996, 30-3-1996, 30-3-1996.34, 30-3-1996, 30-3-1996, 1-4-1996, 176, 261/42, 132(3, 132(5, 192, 436, 30-3-1996.37, 131, 506, 29, 30-3-1996, 20, 30-3-1996, 30-3-1996, 12, 29, 30-3-1996, 12, 21, 29, 30-3-1996, 7, one, 12, 1.15, 22, 29, 30-3-1996, 30-3-1996, 8, 12, 29, 21, 30-3-1996, as many as 22, 29, 30-3-1996, 29, 29, 22, 30-3-1996, 29, 29, 30-3-1996, 30-3-1996, 29, 29, 31, 30-3-1996, 29, 30-3-1996, 30-3-1996, 29, more than one, more than one, three, 1, 2, 1, 3, 4, 5, 6, 1, 6, more than one, one, 132(1A

ORG: the Block Period Assessment, AO, ACIT, 3,36,65,177, Assessing, the Invoice Invoice Nature, Centering House Amenities Ltd. sheets----------------------------------------------------------------------2.Sonic Marketing Blades, Flameless Pvt, Container Gas &, Cylinders, Furnace &amp, Pit Type Services P. Ltd., Eng. &amp, Omega Steel, Wave Current 10200000, Flameless Works Ferries Ltd., New Era Urban Amenities Ltd., Blades India Pvt. Ltd., Gas &, Gas Pvt.Ltd., Chartered Engineers, due.6, Assessing, Finance Ltd., Profit &, Finance Ltd., Kirloskar Investments &amp, Finance Ltd., Kirloskar Investments &amp, Finance Limited, Kirloskar Investments &amp, Finance Ltd., Finance Ltd., Blaze India, Gas &, New Era Urban Facilities, Vijaya Commercial House, Vijaya Commercial House, Vijaya Commercial House, 24,50,315, Furnace, Sonic Marketing for Rs, Sonic Marketing, Sonic Marketing, Sonic Marketing, New Era Urban Amenities P. Ltd., New Era Urban Amenities P. Ltd., Venus Container Ltd., Roller Hearth Furnace, Udayamala Fabs, Sitco Industrial Estate, TEICO, Kirloskar Investments &amp, Finance Ltd., BHEL, M/s. Kirloskar Investments &amp, Finance Ltd., Kirloskar Investments &amp, Finance Ltd., Kirloskar Investments &amp, Finance Ltd., Finance Ltd., G. V. Sunder &amp, Pit Type Furnace, M/s. Engineering, Industrial Services, Assessing, Finance Ltd., Finance Ltd., Finance Ltd., Finance Ltd., Finance Ltd., G. V. Sunder &amp, Co., Assessing, Finance Ltd., M/s. Liquid Engineers, Finance Ltd., M/s. Liquid Engineers, Finance Ltd., M/s. Liquid Engineers, M/s. Liquid Engineers, M/s. Liquid Engineers, sham, M/s. Liquid Engineers, Civic Engineering &, Contractors, Furnace, Centering Sheets, Assessing, Furnace, Department, Court, ACIT, Department, Hon'ble Tribunal, this Hon'ble Court, the First Appellate Authority, Assessing, Reliance, Supreme Court, CIT, the Tribunal in Sunder Agencies, CIT, Tribunal, Sunder Agencies', the Tribunal in Sunder Agencies', M/s. Gas &amp, United Western Bank, Finance Ltd., United Western Bank, Udayamala Fabs, United Western Bank, Madras, Lakshmi Vilas Bank, City Market Branch, WesternLiquid Pentagon Lakshmi, Gas &, Assessing, Tribunal, Finance, Scheme, Finance, Board, ADI, ADI, Assessing, Assessing, the Taxation Laws (Amendment) Act, Allahabad High Court, the Delhi High Court, Tamil Nadu Farmers Service Co-operative, Federation, Assessing, Bench, Asst, the Secretarial Department, the Secretarial Department, CIT, CIT, aircraft.51

NORP: Central Circle, Inds, Indian, Indian, Indian, Indian, I. Devarajan

PERSON: Bangalore, Indl, Indl, Civic Engg, Brilliant Eng, Elcot Electro, Mundewade, Elcot Electro Ferrites, Invoice Nos, Taneja, Chettiar, Jeevan Kumar, Tiruchirapalli, Nos, Balasubramanian, Rs, Nos, Assessing Officer, P. J. Ramesh, Ramesh, Ramesh, Selva Kumar, Lessee, Venkatesan, R. B. Krishna, Venkatesan, Krishna, Rai Bahadur Harditroy Motilal, Krishna, Venkatesan, Venkatesan, Mum, Krishna, Schedule, Srinivas, Venkatesan, Gas Enterprises, Madras, Lessee, C. Radhakrishnan, C. Radhakrishnan, Bangalore, Mundewadi, Bangalore, C. Radhakrishnan, Bangalore, C. Radhakrishnan, Venkatesan, Venkatesan, Venkatesan, C. Radhakrishnan, Bangalore, Bangalore, C. Radhakrishnan, Supplier Bank Amount, Krishna, Manmohan Singh, almirah, Krishna, Venkatesan, Venkatesan, Venkatesan, Venkatesan, Venkatesan, Krishna Murthy, Krishna Murthy, Krishna Murthy, Krishna Murthy, Ganapathi R. Bhat, Rajshekar Reddy, Ganapathi R. Bhat, Krishna Murthy, Venkatesan, Venkatesan, Venkatesan, B. K. Nowlakha v. Union, Venkatesan, Venkatesan, R. B. Krishna, Krishna, Bangalore, K. Krishnamurthy, Rajashekara Reddy, U.Anjaneyulu, K. Krishnamurthy, Krishnamurthy, Krishnamurthy, Ganapathi R. Bhat, Ganapathi R.Bhat, Krishnamurthy, Rajashekara Reddy, Krishnamurthy, Ganapathi R. Bhat, Krishnamurthy, Krishna, almirah, Krishnamurthy, Ganapathi R. Bhat, Ganapathi R., Krishna, Krishna, Venkatesan, Venkatesan, almirah

DATE: 1961, 1961, the assessment year 31-3-1994, the year ended 31-3-1996, 1961, the assessment year 1995-96, 20-5-1997, 1986-87 to 1996-97, the assessment year 1989-90, 9-7-1996, sixteen days, 1986-87 to 1996-97, 25-7-1996, 1994, July 1994, 1995, 13940500, 101270403 4, the accounting, years 1993-94 to 1995-96, the entire period, 5-8 years, monthly, para 5, 15-5-1997, 4, 15-5-1997, 22,57,175 + Rs, July 1974 and 1001 to 1008, 6-5-1997, 9-5-1997, the financial years 1993-94 to 1995-96, 1967, 1997, July '94, 18-7-1994, 18-7-1994, 18-7-1994, 18-7-1994, 1994, 1994, the same day, the same day, the same day, 1995-96, years, years, many years, 68, 69, 69B, previous year, the previous year ending, the financial year, that financial year, one year, the end of the month, sixty days, 30-5-1997, 132(1, one year, the end of the month, the 30th day of June, 1995, the 1st day of January, 1922, 11 of 1922, 1922, 11 of 1922, 1922, 11 of 1922, 1922, 11 of 1922, 21-5-1996, one year, about 9 days, 4 days, 33 days, 7 days, 8 days, 8-4-1996, 8-4-1996, 14-5-1996, 14-5-1996, 21-5-1996, one year, 30-5-1997, 1987, 8-4-1996, 21-5-1996, one year, the end of the month of March '96, 31st March, 1997, 30-5-1997, 1989, 1991, 1981, 120 days, the day, 120 days, 30-5-1997, one year, 30-5-1997, 8-4-1996, 14-5-1996, 21-5-1996, 8-4-1996, 14-5-1996, 8-4-1996, this day, 14-5-1996, 21-5-1996, this day, 14-5-1996, 21-5-1996, the final day, 21-5-1996, one year, the end of the month, May 1996, this one year, 30-5-1997, 60 days, 60 days, one year, 29-5-1996, 21-5-1996, 60 days, 30-5-1997, one year, the end of the month, one year, the end of the month, one day, the following day, 132(1, section 132(1

PERCENT: 100%, 100%, 100%, 100%, about 85%, about 85%, 10-15%, 10 to 15%, about 85%, 100%, 85 to 90%, 100%, 85%, 15%, 100%, 85% to 90%, 85% to 90%, 85% to 90%, 100%, 85% to 90%

TIME: 9-12-1996, 11.15 AM, 6.45 PM, 12.30 PM, 8.15 PM, 5.45 PM, 7.30 PM, 2.15 PM, 4.45 PM

GPE: India, Furnace----------------------------------------------------------------------7.Pentagon, DD, Gandhinagar, Gandhinagar, Tirumala, Gandhinagar, Udayamala, Sriram Jaiswal v. Union

WORK_OF_ART: Gas Enterprises for Rs, Centering Sheets, Centering Sheets

ORDINAL: firstly, secondly, fourth, second, first, second

LOC: Madras

MONEY: 100 per cent, 100 per cent, 100 per cent, 100 per cent, 100 per cent, 85 per cent, 90 per cent, 100 per cent, 100 per cent, 10 per cent, 15 per cent, 90 per cent, 85 per cent, 60 per cent, 60 per cent, 9.40 AM