Deputy Commissioner of Income Tax Vs. Eicher Goodearth. (Eicher

Decided On : Apr-26-1999

Court : Income Tax Appellate Tribunal ITAT Delhi

LAW: the Companies Act, the Companies Act, the Companies Act w.e.f., the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act w.e.f., the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, Chapter III, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the IT 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, the Companies Act

CARDINAL: 1, 1992.2, 185, 153, 1, 135.13, 1.1, 1.2, 135.13, 2., 10, 6.1, 1, 1.1, 1.2, 6.2, 209, 152.78, 110.87, 152.78, 135.13, 110.87, 152.78, 135.13, 110.87, 152.78, 44, 534, 43, 51, 184, 6.12, 46, 310, 199, 164, 197, 115J, 6.15, 6.2 to 6.14, 209, 203, 933, 210, 60, 115J, 11, 135.13, 110.87, two, 11, 211(2, 213, 205(2, 209, 10, 209, 104.85, 110.87, 6.02, 6.22, 135.13, 135.13, 209(3, 17.6, 152.78, 25,89,006, 115J, 86,30,022, 25,89,006, DM-5 million, 117, 1,52,78,000, 1,52,78,000, 1,52,78,000, 3, 1,52,78,000, 1,35,13,000, 115J, 115J, 135.13, 1A, 80HHD, 1, 4, 4, 3, 6.27, 1961.6.28, 197, 199, 115J, 11, two, 145, 115J, 6.29, 211(2, 6.31, 209(3, 209(3, 1, 2, 6.32, 11, II, 1, 2, 210, 3, 6.33, 209(3, 209(3, 1994.The, 11, 10, 30, one, 35, 5, 30, 2,70,00,000, 30, 2,40,00,000, 209(3, 30, 209(3, 3,20,00,000, 3,20,00,000, 2,40,00,000, 209, 110.87, 209(3, 6.35, 6, one, 6.36, 209(3, 152.78, 110.87, 209(3, 60,91,306, 13,66,39,051, 111, 14, 562, 30, one, 2, 3, 15, 22, 6.41, 566, 205(2, 11, 209(3, 115J, 209(3, 1961.7, 2, 78,073, 10, 183, 202, 2, 10, 1, 2., 18,95,992, 3, 115J, 8.1, 1, 30 and 31, 37(1, 30 and 31, 11,682, 78,800, 11,682, 19.89, 177, 128, 189, 660, 56, 56, 598, 58, 1, 2, 222, 222, 41(1, 2, 102, 162, 174, 125, 236, 41(1, two, 3, 8.6, 18,95,992, 2, 3, 3, 115J, 3, allowed.10

ORDINAL: first, 7th, first, first, second, second, first

ORG: ITA No., CIT, Tribunal, Continental Construction Ltd., Union of India, Departmental Representative, AO, Tribunal, Tribunal, AO, CIT, Alaib Singh AIR, Tribunal, ITA No, ITA No.7092/Del/1992, AO, AO, the Government of India, AO, AO, AO, AO, AO, The Institute of Chartered Accountants, the Institute of Chartered Accountants, Benches of the Tribunal, Apollo, Tyres Ltd., CIT, TTJ, Coch, ITD 464, Bombay Tyres International Ltd., CIT, ITD 339 (Bom, Sterling Steels &, Wires Ltd., CIT, CIT (iii, Radharani Tea &amp, Estate, P) Ltd., CIT, AO, Cotton Mills Ltd., Asstt, CIT, TTJ, Cal)(SB, ITR, AO, assessee.6.16, the Institute of Chartered Accountants, New India Industries, CIT, CIT, Telemecanique &, CIT, ITD 483, AO, AO, AO, Departmental Representative, s.211(2, Departmental Representative, CIT, Apollo Tyres Ltd., Tribunal, Apollo Tyres Ltd., the Hon'ble Kerala High Court, Departmental Representative, Hon'ble Gujarat High Court, Saurashtra Cement &, Chemical Industries Ltd., CIT, ITR, Counsel, Hon'ble Kerala High Court, Apollo Tyres Ltd., Apollo Tyres Ltd., ICAI, ICAI, ICAI, Co., Chartered Accountants, M/s. Vaish &amp, Associates, the Companies (Amendment) Act, Company, Hongkong &amp, Shanghai Banking Corporation, AO, Hongkong &amp, Shanghai Banking Corporation, Eicher (Germany, AO, Hon'ble Calcutta High Court, Basto Ball Indza Ltd., CIT (1979, AO, Hon'ble Calcutta High Court, AO, AO, AO, Eicher (Germany, AO, AO, AO, AO, AO, Tribunal Special Bench, Sutlej Cotton Mills Ltd., Asstt, CIT, AO, AO, AO, AO, AO, AO, AO, AO, AO, AO, AO, AO, the Companies (Amendment) Act, Schedule VI of, Sec, the Companies (Amendment) Act, DM 5 million, DM, A.F. Furguson &amp, the Institute of Chartered Accountants, AO, DM, Melmould Corporation, CIT, consideration.6.40, Departmental Representative, CIT, Apollo Tyres Ltd., AS-6, AS-6, ICAI, ICAI, Apollo Tyres Ltd., SLM, AO, AO, AO, Indian Aluminium Cables Ltd., CIT, Modi Spng &amp, Wvg., Mills Co. Ltd, ITA No.7078/Del/1992, AO, AO, Act, AO, Tribunal, CIT, Chase Bright Steel Ltd., Mfg. Co. Ltd., CIT, ITR, Kelvinator of India Ltd., CIT, ITD 25, Hindustan Lever Ltd., IAC, TTJ, ITD 555, Corpn., CIT 8.2, Departmental Representative, the Hon'ble Supreme Court, CIT, Karam Chand Thapar &, SC, CIT, Sons, SC, AO, Gannon Dunkerley &amp, Co. Ltd., CIT, CIT, Pre-Stressed Concrete Co., S.I.) P. Ltd., CIT, Combined Import Co., P) Ltd., CIT, Sadabhakti Prakashan Printing Press, CIT, Sugauli Sugar Works, P) Ltd., SC, the Hon'ble Supreme Court, the Hon'ble Supreme Court, CIT, Sugauli Sugar Works, P) Ltd., the Hon'ble Supreme Court, Department, Bench, the Supreme Court, CIT, Sons, the Supreme Court, the Hon'ble Supreme Court, the Supreme Court, the apex Court, AO, AO, Revenue, Tribunal, Special Bench, Sutlel Cotton Mills Ltd., Asstt, CIT, the Tribunal, Special Bench, Sutlej Cotton Mills Ltd., AO, AO, Revenue, ITA No, Revenue, ITA 7078/Del/1992

DATE: 1627, August, 1990, 1961, 1989, 1627, August, 1992, 1989-90.6, the previous year, the previous year, previous year, earlier year, 1988, 15th June, 1988, previous year, under s. 155J, earlier years, the initial year, the year, past years, the year, 1992, 1992, 1994, earlier years, the year, 1990, the initial year, 1993, 1993, s. 115J.6.14, the year, earlier years, the year, 15th June, 1998, 1993, 1994, 1997, June, 1988, the year, 1961.6.16, previous year, 1956, previous year, the relevant year, the financial year, the financial year, the prior years, the prior years, earlier years, 1956, the previous year, s. 115J(1A, that year, 1998, 15th June, 19881, 1989-90, the transitional year, previous year, 1961, 1st July, 1987, 31st March, 1989, the year ended on 30th June, 1988, 1st July, 1988, 31st March, 1989, 1956, the year ended on 30th June, 1988, 1956, 1988, a previous year, earlier years, the current year, 1st July, 1988, 31st March, 1989, the year ended on 30th June, 1988, the month of February, 1984, 30th June, 1988.Accordingly, 1st July, 1988, 31st March, 1989, the previous year, 1st July, 1987, 31st March, 1989, 1961, 1,18,93,961, February, 1984, 1961, 1986-87, 1989-90, earlier years, 1956, the previous year's, the previous year, 115J(1A, previous year, 1956, 1 of 1956, previous year, previous year, 1956, 1956, 1956, previous year, 1956, 1956, the financial year, 1988, 15th June, 1988, annual, the relevant year, 1988, 15th June, 1988, 15th June, 1988, 15th June, 1988, February, half-yearly, 2 years, yr.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, 30th June, 1988, June, 1988, 30th June, 1988, 40, the first year, the year ended on 30th June, 1988, 30th June, 1988, 15th June, 1988, earlier years, 1956, year, 15th June, 1988, the relevant year ended on 30th June, 1988, 30th June, 1988, 1956, the period 1st July, 1988 to 31st March, 1989, the year, past years, the initial year, 15th June, 1988, previous year, 30th June, 1988, the year, Para 22, the year, the current year's, the year, earlier years, 15th June, 1988, previous year, yr.1988-89, the year, 1989-90, 15th June, 1988, the year, the earlier years, previous year, 1990, 1993, the year, 1983-84, 4,58,600, 30 and 31, 4,58,600 + 11,682 + 78,800, 4,58,600, 1983-84, 1991, 1996, 1996, 1996, 1996, 1996, 1975, 1986, 1988, 1980, 1999, 1627

GPE: New Delhi, India, India, Sch, Sch, London, London, Eicher Germany, asst, P.F., assessee, Shanghai, London, assessee, Sch, India, Bombay, asst, asst, assessee, assessee, assessee, O.I.

PERSON: Shri Ajay Vohra, Shri Ajay Vohra, Ground Nos, Eicher Gmbh, Eicher Gmbh, Eicher Gmbh, Coch, Corpn., Shri Vohra, Shri Ajay Vohra, Padamlee Pulp, Controls, Hon'ble Kerala High Court, Shri Ajay Vohra, Hon'ble Kerala High Court, Shri Vohra, Eyery, Misc, Rs, Rs, Hon'ble Kerala High Court, Hon'ble Kerala High Court, SLM, Hon'ble Delhi High Court, Century Sprig, Bhilai Engg, T. V. Sundaram Iyengpr &, T. V. Sundaram Iyengar &amp

EVENT: Parts II, Parts II, Parts II, Parts II, Parts II

NORP: Indian, D., s.115J(1A, Indian, Indian

PERCENT: 30%

LOC: Expln

MONEY: 1,00,000 dollars, one dollar, 10,000 dollars, 90.000 dollars, 10,000 dollars, 80,000 dollars, 80,000 dollars, 40 per dollar, 80,000 dollars

WORK_OF_ART: AS-11 (Revised, Paras 21

PRODUCT: No.1