Knb Investments (P.) Ltd. Vs. Assistant Commissioner of

Decided On : May-29-2000

Court : Income Tax Appellate Tribunal ITAT Hyderabad

LAW: Section 143(3, Section 28(iv, Section 28(iv, Section 28(iv, Section 143(3, Section 28(iv, Section 28, Section 28, Section 28(iv, Section 17(2)(iii, Section 292B, Section 170(2, Section 28(iv, Section 28(iv, Section 28(iv, Section 28(iv, Section 23A, Section 28(iv, Section 28(iv, Section 234B, Section 234C of the Act, Section 234B, Section 234C, Section 28(iv, Section 28(iv, Section 28 of the Act, Section 28(iv, Section 28(iv, the Companies Act, the SEBI Regulations, Section 28(j'v, Section 28, Section 28, Section 28(iv, Section 28(iv, Section 28(iv, Section 28(iv, Section 28(1, Section 28(1, the Companies Act, Section 28(iv, Section 28(iv, Section 28(iv, Section 28(iv, the Gift Tax Act, Section 45, the Gift Tax Act, Section 28(iv, Section 28(iv, Section 28(iv, Section 28(iv, Section 28(iv, Section 28, Section 17(2)(iii, Section 17(2)(iii, Section 28(iv, Section 28(iv, Section 2(24, Section 2(24)(vd, Section 28.5, Page 69, Section 173(2, the Companies Act, the Companies Act, Section 28, Section 28, Section 28, Section 28, Section 5 of the Act, Section 28, Section 28(iv, Section 28(iv, Section 28(iv

CARDINAL: 1, two, two, 189, two, 28-4-1995, 1, 2, 2, 19-3-1999, 27-3-1998, 23,63,720, 32,85,00,000, 29,94,37,220, 9,00,000, 8,13,900, 90, 455, 365, two, two, two, two, 16-3-1994, 22,50,000, 10, 80, 25, 9,00,000, 90, 10, 8,13,900, 81.39, 10, 10-5-1994, two, 8,10,00,000, 7,32,51,000, 81,39,000, 6,51,12,000, 8, two, 31-3-1995, 455, 90, 365, 1961.9, 9,00,000, 32,85,00,000, 8,13,900, 32,85,00,000, 10, 12, 1, 16-3-1994, 44, 2, 3, 4., 27, 376, 5, 166, 155, 6, 1961, 41, 27, 44, 1965, 56, 8., 710, 24, 1, 16-3-1994, 25, 2, 122, 79, 3., 710, 24, 4., 23, 3, 6-10-1997, 5., 6-3-1998, 6., 16-3-1994, 1954, 25, 7, 32,85,00,000, 12, 1, 1-10-1994, 40, 1961.14, 1, 2, 3., 4., 5, 6, 7, 8., 83, 108, 895, 9, 1961.15, five, two, 1, 3, 4(5, 2, one, 83, 4., 1, 455, 3., 4., 1, 4,649, 2, 234B, 234C, 3, 4,649, 21, 28, 22, 1., 3, one, 4, 5, less than 2596, 3/4th, 22,50,000, 90, 455, 560, 62.50, 248, 90, 455, 90, 90, 1961.27, 1, 2, 3, 4., 1, 2, one, 383, 3., 65, 4, 5., 6, 8., 9, 10, 11, 12, 1965, 55, 13, one, two, 155, 14, 67, 15, 207, 208, 4,000, 9,000, 16, 17, 88, 90, 18, 217. 19, one, 4,000, 455, 90, two, 5, 90, 455, 4,000, 90, 455, 710, 21, one, 4, 4,000, 1,255, 500, 6, 90, 455, 365, 10-5-1994-, 90, 10, 80, 19-9-1994, 31-3-1994, 60, 101, 90, 31-3-1994, 11.4, 90, 31, 88, 560, 62.50, 1, 90, 365, 90, 455, 33, 62.50, 90, 62.50, One, 22,50,000, 4, 19, more than 25, One, One, 62.50, 560, 1953, 24, 72, 603, 1968, 70, 28, about six, six, six, one, two-fold, 455, 90, 1961.44, 33, 45, 90, 32,85,00,000

ORG: ITA No, M/s. KAR Investments, ITA 190/Hyd./99, Reddy's Holdings Ltd., M/s. Dr. Reddy's Holdings Ltd., M/s. KAR Investments, Hyderabad, Asstt, I.T., Hyderabad, P.) Ltd., M/s.KAR Investments, P.) Ltd., Tribunal, Reddy's Laboratories Ltd., M/s. KAR Investments, Reddy's Laboratories Ltd., M/s. Dr. Reddy's Laboratories Ltd., M/s.Cheminor Drugs Ltd., M/s. Globe Organics Ltd., M/s. KAR Investments, M/s. Dr. Reddy's Holdings Ltd., Reddy's Laboratories Ltd., M/s. Dr. Reddy's Laboratories Ltd., IFCI Bonds, Reddy's Laboratories Ltd., Cheminor Drugs Ltd., Standard Equity Fund Ltd., Globe Organics Ltd., etc.6, Reddy's Laboratories Ltd., Euro, Shri M.P. Chary, the Board of Directors, Reddy's Laboratories Ltd., M/s. KAR Investments, Reddy's Laboratories Ltd., M/s. KAR, M/s. KAR Investments, the Balance-Sheets, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Hyderabad Stock Exchange, M/s. KNB Investments, P.) Ltd., P.) Ltd., Reliance, the Patna High Court, Reliance, CIT, Bhavnagar Bone &amp, Fertiliser Co. Ltd., ITR, General Electrodes &, Equipments Ltd., Reliance, CIT, SC, Kishan Prasad &amp, Co. Ltd., CIT, SC, National Finance Ltd., SC, Reliance, Acharya D.V. Pande, CIT, CBDT Circular, Assessing, Reddy's Laboratories Ltd., CIT, Reliance, Oxford Dictionary, Strounds' Judicial Dictionary, CBDT Circular, NIL, Profit, their Memorandum of Association, A.P. High Court, Reddy's Laboratories Ltd., Reliance, Sort Ltd., Government of Hyderabad, SC, Assessing, M/s. KAR Investments, Reddy's Holdings Ltd., Reliance, Express Newspapers Ltd, the Hon'ble High Court, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Margadarshi Financiers, Reddy's Laboratories Ltd., the Supreme Court, Madras High Court, Court, Asstt, Hyderabad, ACIT, Reddy's Laboratories Ltd., DRL, Reddy's Laboratories Ltd., DRL, DRL, the Supreme Court in Distributors (Baroda, P.) Ltd.'s, DRL, DRL, ACIT, DRL, DRL, DRL, Appellant, DRL, ACIT, DRL, Stock Exchange, Stock Exchange, DRL, DRL, Reddy Laboratories Ltd., M/s. KAR Investments, Euro-Issue, Reddy Laboratories Ltd., Euro, Shri M.P. Chary, M/s. KAR Investments, Reddy's Laboratories Ltd., Euro, Reddy's Laboratories Ltd., M/s. KAR Investments, Reddy's Laboratories Ltd., the Memorandum of Association, The Memorandum of Association, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Euro, M/s. Dr.Reddy's Laboratories Ltd., Department, CBDT Circular, C.C. Chokshi &amp, the Valuation Report, Management Control, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., M/s. KAR Investments, the Supreme Court in Distributors (Baroda, Reliance, Magarjuna Investment Trust Ltd., SB, Reddy's Laboratories Ltd., Assessing, Reddy Laboratories Ltd., Reddy's Laboratories Ltd., al, Reddy's Laboratories Ltd, Reliance, the Hon'ble Supreme Court, the Memorandum of Association, the Hon'ble Supreme Court, P.) Ltd.'s, the Circular of the Central Board of Direct Taxes, the Gujarat High Court, CIT v. Spunpipe &amp, Construction Co. Ltd., CIT, General Electrodes &, Equipments Ltd., CIT, Balvantmi, CBDT Circular, Reliance, -Comfund Financial Services, CIT, ITD 304, Departmental Representative, CIT, Reddy's Laboratories Ltd., C.C. Chokshi &amp, M/s. KAR Investments, M/s. KAR Investments, Globe Organics (P.) Ltd., Globe Organics, M/s KAR Investments, IDBI, IFCI, Globe Organics, M/s. KAR Investments, Shri C.P. Ramaswamy, Department, Departmental Representative, Memorandum of Association, Departmental Representative, Departmental Representative, Stock Exchange, Departmental Representative, Amalgamations (P.) Ltd. 's, The Hon'ble Supreme Court, Departmental Representative, Departmental Representative, M/s. Dr. Reddy's Laboratories Ltd., Department, the Balance Sheets, the Memorandum of Association, the High Court of Andhra Pradesh, the Hon'ble Supreme Court, the Madras High Court, M/s. KAR Investments, Reddy's Laboratories, Canbank Mutual Fund, ANZ Grindlays Bank, Reddy's Laboratories Ltd, the Lead Managers, M/s. Dr. Reddy's Laboratories, Department, Reliance, M/s KAR Investments, M/s Margadarsi Financiers, Reliance, Departmental Representative, Department, Reddy's Laboratories Ltd., Reddy's Laboratories, Reddy's Laboratories Ltd., C.C. Chokshi &amp, M/s. Dr. Reddy's Laboratories, M/s.Standard Equity Fund Ltd., Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Euro Issue, M/s. Dr. Reddy's Laboratories Ltd., Valuation Report, M/s. Dr. Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., the Valuation Report, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Euro, M/s. Dr. Reddy's Laboratories Ltd., Explanatory, the Extraordinary General Meeting, Euro, Indian Economy, the Board of Directors, Company, the Stock Exchange, Reddy's Laboratories Ltd., Euro, Euro, Euro, Euro, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Euro, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., the Hon'ble Supreme Court, Ramnarain Sons (P.) Ltd., Reddy's Laboratories Ltd., Euro, Reddy's Laboratories Ltd., Reddy's Laboratories Ltd., CIT, the Hon'ble Supreme Court, the Hon'ble Apex Court, CIT, Court, Mason, Innes, Mason, Court of Appeals, the Hon'ble Supreme Court, Emphasis, Spunpipe &, Construction Co. Ltd. 's, Bench, M/s KNB Investments, M/s. KAR Investments, deleted.46, Reddy's Laboratories Ltd.

DATE: 1995-96, 1995, the assessment year 1995-96.The, 1961, the previous year, 1961, 1961, business".5, 7-5-1994, 9-5-1994, year 1995-96, 1994-95, 1961, the previous year 1993-94, the assessment year 1994-95, the assessment year 1995-96, 1962, 1987, 1985, 1955, 49, 1962, 1995, 11, the year, 17-5-1994, 10-5-1994, the financial year 1994-95, the previous year, year 1995-96, the assessment year 1995-96, 1980, the earlier years, 1960, 38, a later date, 1972, 1977, the impugned assessment year 1995-96, the assessment year 1994-95, the assessment year, 1961, 1922, May 6, 1994, 3 years, three years, 3 years, 1961, the previous year, the previous year, the previous year, previous year, earlier assessment years, the previous year, three years, 1956, three years, three years, three years, the 23 months ending May, 1994, three years, the previous year, the earlier assessment years, 1998, 1985, 1994, 1998, 1994, the preceding previous year, Annual, all the assessment years, 1961, the previous year, earlier years, year 1993-94, 1255, 1961, 1 -4-2000, the financial year 1993-94, 15 trading days, 1 -4-1994, Para 14.5, 1994, 23 months ending May, 1994, April 1994, the third quarter, the third quarter of 1992, 1956, 1956, the day to day, three years, three years, three years, three years, previous year, three years, the 23 month period ending May, three years, 1961, 1969, 1961, previous year, the previous year, previous year, three years, previous year, future.--Paras 42 to 45, the previous year, the impugned assessment year 1995-96, previous year, previous year, 1961, 1961

PRODUCT: CIT(A)-III, 316, 377, Appellant, Memorandum, Appellant, Report

ORDINAL: second, first, first, first, third, first, first, first, firstly

PERSON: K. Anji Reddy, Dr. K. Anji Reddy, Diana Hotels, Anji Reddy, Abbot v. Philbin, Abbot, D.M. Neterwalla, Amarendra Nath Chakraborty, K. Anji Reddy, Reddy, Lakshminarayan Ram Gopal &, Nos, K. Anji Reddy, Reddy, Euro, Reddy, Margadarsi, Reddy, Bang, K.L. Kasliwal, Reddy, Reddy, Reddy, Reddy, Reddy, Reddy, Reddy, Reddy, K.Anji Reddy, K. Anji Reddy, Shri S.E. Dastur, Reddy, hypothetical.40, Reddy, Reddy, Kikabhai Premchandv, B.M. Kharwar, Kikabhai Premchand's, Kikabhai Premchand's, P.M. Bhagwati, Reddy

MONEY: 75-million US Dollars

GPE: Bisheshwar, C.P., Co., Mumbai, Co., GDR, Co., Mumbai, Smt, Smt, Gujarat, nature.47

TIME: 9-5-1994

WORK_OF_ART: the Memorandum and Articles of Association, Vol

PERCENT: more than 50%, more than 27%, 12.5%, 27.68%, 27.31%, 22.77%, less than 25%, 22.77%, 51%, at least 25%, 75%, more than 50%, at least 25%

FAC: Ground Nos, Resolution, Bonus

NORP: Indian, Explanatory, Indian, Thai