Dy. Commissioner of Income-tax Vs. Eicher Goodearth

Decided On : Apr-26-1999

Court : Delhi

LAW: Income Tax Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, Income Tax Act, Parts 11 and M of Sch, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, Income Tax Act, the Companies Act, Income Tax Act year, the Companies Act, the Companies Act, Income Tax Act, the Companies Act, Parts 11, the Companies Act, the Companies Act, Income Tax Act, the Companies Act, the Companies Act, Parts 11, Income Tax Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, Income Tax Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act Provides, The Companies Act, the Companies Act, the Company Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, Income Tax Act, the Income Tax Act, Income Tax Act

PERSON: M. Kothari, Shri Ajay Vohra, Ajaib Singh, Shri Ajay Vohra, Ground Nos, Eicher Gmbh, Eicher Gmbh, Eicher Gmbh, Coch, Nepthol, Carborandum Universal, Corpn., Shri Vohra, Shri Ajay Vohra, Padamjee Pulp and Paper M/s Ltd., Hon'ble Kerala High Court, Shri Ajay Vohra, Gul, Hon'ble Kerala High Court, Shri Vohra, Misc, Rs, Rs, Hon'ble Kerala High Court, Hon'ble Kerala High Court, SLM, Hon'ble Delhi High Court, Century Spng, Keivinator of, L4C, Bhilai Engg, T. V. Sundaram Iyengar & Sons, T. V. Sundaram Iyengar & Sons

ORDINAL: first, first, first, second, second, first

ORG: ITA No., CIT, the Commissioner (Appeals, Tribunal, the Commissioner (Appeals, the Commissioner (Appeals, Continental Construction Ltd., Union of India, Tribunal, Tribunal, CIT, Tribunal, the Commissioner (Appeals, ITA No, the Commissioner (Appeals, ITA No, the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, the Government of India, The Commissioner (Appeals, Appeals).6.6, P&L, The Institute of Chartered Accountants, P&L, the Institute of Chartered Accountants, Benches of the Tribunal, P&L, Apollo Tyres Ltd., CIT, Bombay Tyres International Ltd., CIT, ITD 339, CIT, Sterling Steels & Wires Ltd., CIT, P&L, CIT, CIT, Radharani Tea & Estate, Tribunal, Sutlej Cotton Mills Ltd., Asstt, CIT, Cal)(SB, AC, P&L, assessee.6.16, the Institute of Chartered Accountants, New India Industries, CIT, CIT, Telemecanique & Controls, CIT, ITD 483, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, CIT, Apollo Tyres Ltd., CTR, Tribunal, Apollo Tyres Ltd., P&L, Honble Gujarat High Court, Saurashtra Cement & Chemical Industries Ltd., CIT, CTR, ITR, Hon'ble Kerala High Court, Apollo 7Wes Ltd., Apollo 7Yres Ltd., ICAI, ICAI, P&L, ICAI, P&L, M/s, A.F. Ferguson & Co., Chartered Accountants, M/s Vaish & Associates, Chartered Accountants, the Companies (Amendment) Act, Company, P&L, P&L, D.M., the Hongkong & Shanghai Banking Corporation, P&L, the Hongkong & Shanghai Banking Corpotation, Eicher (Germany, Hon'ble Calcutta High Court, Basto Ball India Ltd., CIT, Hon'ble Calcutta High Court, P&L, P&L, Eicher (Germany, The Commissioner (Appeals, M/s, P&L, the Commissioner (Appeals, P&L, P&L, the Commissioner (Appeals, P&L, P&L, Chapter Ill, P&L, P&L, P&L, P&L, Tribunal Special Bench, Sutlej Cotton Mills Ltd., Asstt, CIT, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, P&L, Parts H, the Companies (Amendment) Act, Schedule VI of, P&L, P&L, P&L, P&L, P&L, P&L, P&L, Sec, the Companies (Amendment) Act, DM 5 million, the Hongkong & Shanghai, P&L, Installment, P&L, Installment, DM, Installment, Installment, P&L, P&L, P&L, P&L, P&L, P&L, M/s, A.F. Ferguson & Co., P&L, P&L, the Institute of Chartered Accountants, P&L, P&L, P&L, P&L, P&L, P&L, DM, Hon'ble Bombay High Court, Melimould Corporation v. W, consideration.6.40, CIT, Apollo Tyres Ltd., P&L, AS-6, P&L, AS-6, ICAI, ICAI, P&L, Apollo Tyres Ltd., SLM, P&L, the Commissioner (Appeals, P&L, the Commissioner (Appeals, Indian Aluminium Cables Ltd., CTR, CIT, Mood Spng & Wvg, Mills Co. Ltd., the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, the Commissioner (Appeals, Commissioner (Appeals, in;1, P&L, Income Tax, Tribunal, Act, The Commissioner (Appeals, CIT, Chase Bright Steel Ltd., CTR, & Mfg. Co. Ltd., CIT, India Ltd., CIT, ITD 25, Industan Lever Ltd., ITD 555, Corpn., the Commissioner (Appeals, the Hon'ble Supreme Court, CIT, Karam Chained Thapar & Ors, CIT, the Commissioner (Appeals, Gannon Dunkerley & Co. Ltd., CIT 1975 CTR, CIT v. Pre-Stressed Concrete Co., S1) P. Ltd., CIT, Combined Transport Co., CIT, Sadabliakti Prakashan Printing Press, CIT, P) Ltd., CTR, the Hon'ble Supreme Court, the Hon'ble Supreme Court, CIT v. Sugauli Sugar Works, P) Ltd., the Hon'ble Supreme Court, Bench, the Supreme Court, CIT, the Supreme Court, the Hon'ble Supreme Court, P&L, P&L, the Supreme Court, the apex Court, the Commissioner (Appeals, the Commissioner (Appeals, P&L, the Commissioner (Appeals, Revenue, Tribunal, Special Bench, Sutlej Cotton Mills Ltd., Asstt, CIT, the Tribunal, Special Bench, Sutlej Cotton Mills Ltd., the Commissioner (Appeals, the Commissioner (Appeals, Revenue, ITA No, Revenue, ITA 7078/Del/1992

DATE: 1627, 1961, 1989, 1627, year 1989-90.6, the previous year, the previous year, previous year, earlier year, 1988, previous year, under s. 155J, earlier years, the initial year, the year, past years, the year, 1992, 44 77J, 1992, 1994, 1994, earlier years, the year, the initial year, 1993, 1993, s. 115J.6.14, the year, earlier years, the year, 1997, 1961.6.16, previous year, 1956, the relevant year, the financial year, the financial year, the prior years, the prior years, 1998, earlier years, 1956, the previous year, s. 115J(1A, that year, 1994, 1998, year 1989-90, the transitional year, previous year, 1961, the year ended on, 1-[7-1988, 1956, the year ended on, 1956, 1988, a previous year, earlier years, the current year, 1-71988, the year ended on, the month of Feb., 1984, 30th June, 1988, the previous year, 1961, 1,18,93,961, Feb., 1984, under s. 1151He, 1961, 4'a, the assessment year 1986-87, year 1989-90, earlier years, 1956, the previous year's, the previous year, 115J(1A, previous year, 1956, previous year, under s. 80HHQ, previous year, 1956, 1956, 1956, ' year, 1956, the financial year, 1988, 15th June, 1988, '209(3, 1956, annual, 1988, Feb., 1994, half-yearly, 2 years, year 1988-89, each previous year, the year 1984, annual, two years, the year 1984, 1987, the year 1987, 30th June, 1987, the next accounting year ended on 30th June, 1988, 40, the first year, the year ended on 30th June, 1988, 15th June, 1988, earlier years, 1956, year, the relevant year ended, 30th June, 1988, 1956, the period 1st July, 1988 to 31st March, 1989, the year, past years, the initial year, previous year, 30th June, 1988, the year, Para 22, the year, the current year's, under s. 205(20, the year, earlier years, 15th June, 1988, previous year, year 1988-89, the year, year 1989-90, the year, the earlier years, previous year, 1989, 1990, the year, year 1983-84, 4,58,600, 30 and 31, 4,58,600 + 11,682 + 78,800, 4,58,600, year 1983-84, 1989, 1989, 1996, 1996, 1996, 1975, 1980, 1999, 1999, 1627

GPE: New Delhi, India, India, Sch, Sch, London, London, Eicher Germany, Explanationn, P.F., London, Installment, Sch, India

CARDINAL: 7-8, 1990]185ITR230(Delhi, 153, 7-8-1992, 1, 135.13, 115J, 135.13, 10, 6.1, 1, 1, 1, 1, 2, 209, 15-6-1988, 152.78, 110.87, 152.78, 110.87, 152.78, 135.13, 110.87, 534, 43, 464, 51, 50, 351ASR191, 1984]149ITR759(Mad, 1993]202ITR789(Bom, 1990]184ITR581(Cal, 6.12, 310, 199, 115J, 6.2 to 6.14, 209, 15-6-1998, 1993]203ITR933(Guj, 1994]210ITR97(Bom, 1, 60, 15-6-1988, 115J, 11, 135.13, 110.87, 115J, 115J, two, 149, 211(2, 122, 329, 213, 205(2, 209, 15-6-1988, 3, 1, 31-3-1989, 30-6-1988, 31-3-1989, 30-6-1988, 10, 209, 104.85, 110.87, 6.02, 31-3-1989, 135.13, 30-6-1988, 135.13, 209(3, 1, 31-3-1989, 17.6, 152.78, 1, 31-3-1989, 25,89,006, 115J, 86,30,022, 25,89,006, DM-5 million, 1979]117ITR789(Cal, 1,52,78,000, 1,52,78,00J, 1,52,78,000, 3, 1,52,78,000, 1,35,13,000, 115J, 115J, 135.13, 1, 80HHD, 1, 4, 4, 3, 33AC;(If, 6.27, 115J(IA, 115J, 1961.6.28, 197, 199, 11, 115J, 11, 11, two, 145, 115J, 6.29, 11, 6.31, 209(3, 1, 2, 211(2, 11, 1, 2, 210, 3, 11, 1rue, 1rue, 11, 209(3, 15-6-1988, 209(3, 15-6-1988, 209(3, 15-6-1988, 11, 10, 30, one, 35, 5, 30, 2,70,00,000, 30, 2,40,00,000, 30-6-1988, 209(3, 15-6-1988, 30, 209(3, 30-6-1988, 3,20,00,000, 3,20,00,000, 2,40,00,000, 30-6-1988, 209, 110.87, 209(3, 15-6-1988, 30-6-1988, 6, one, 15-6-1988, 110.87, 209(3, 13,66,39,051, 14, 562, 563, 149, 30, one, 22, 6.41, 566, 205(2, 209(3, 115J, 209(3, 15-6-1988, 1961.7, 2, 78,073, 10, 106, 183, 611, 1993]202ITR708(Delhi, 2, 10, 18,95,992, 41(1, 234B, 115J, 1, 30 and 31, 37(1, 30 and 31, 11,682, 78,800, 11,682, 75, 67, 177, 128, 1991]189ITR660(Bom, 56, 598, 58, 1, 1, 2, 1996]222ITR112(SC, 1996]222ITR344(SC, 41(1, 2, 14, 102, 428, 1986]162ITR314(Mad, 1988]174ITR528(MP, 125, 152, 46, 236, 4 1, two, 3, 18,95,992, 2, 3, 3, 115J, 3, allowed.10

NORP: Indian, Indian, Indian, or(3

PERCENT: 30%

TIME: 1T Act

EVENT: Parts II, Parts II

LOC: Expln

MONEY: 1,00,000 dollars, one dollar, 10,000 dollars, 90,000 dollars, 10,000 dollars, 80,000 dollars, 80,000 dollars, 80,000 dollars

WORK_OF_ART: AS-11 (Revised