Reliance Industrial Vs. Joint Commissioner of Income Tax

Decided On : Jun-04-2001

Court : Income Tax Appellate Tribunal ITAT Mumbai

LAW: Section 145(1, the IT Act, ITR 68, Section 145(1, ITR 68, Section 53, the Banking Regulation Act, Section 10(1, Section 10(2)(xv, Section 145, Section 145, the IT Act, the IT Act, the Lease Tax Act, Lease Tax Act, Lease Tax Act, Section 145, ITR 731, the Lease Tax Act, Section 37, the IT Act, Section 4, the IT Act, the IT Act, the IT Act, the IT Act, Section 145(1, the Lease Tax Act, Lease Tax Act, the Lease Tax Act, the Lease Tax Act, Section 37, the IT Act, Lease Tax Act, the Lease Tax Act, Section 4, the Lease Tax Act, Section 35D, the IT Act, Section 37(1, the IT Act, Section 37(1, the IT Act, Section 35D, the IT Act, Section 35D, the IT Act, the IT Act, Section 35, the IT Act, Section 37, Section 35D. Since, Section 35D, Section 35D, Section 35D. Sub-clause, Section 4 of IT Act, Section 5 of the Act enumerates, Section 3, Section 4, Section 145(1, Section 145(1, Section 13 of 1922 Act, Section 145, Section 145, Section 13/145, the IT Act, Section 13 of 1922 Act, Section 145 of 1961 Act, Section 13, the Indian IT Act, Section 145, Section 13 of 1922 Act and Section 145 of 1961 Act, Section 145(1, the Accounting Standards of ICAI

CARDINAL: 1, 8,03,38,800, 10,55,65,200, 1 to 31, 60, 17,59,420, 10,55,65,200, 10, 80,338, nine, 4.4, 4.9, 2.2, 8, 2.3, 4.4, 4.9, 10,55,65,200, ten, fifty-five, sixty-five thousand and two hundred, ten, fifty five, 2., 21.90, 24.50, 13, 2.11, 12, 2.11, 200, two, 79.28, 140.29, 23, 15, 82, 157, 157, 132, 186, 188, 203, 213, 46, 590, 98, 240, 355, 77, 537, 200, 82, 367, 26, 51, 4, 5, 1,49,776, 219.57, one, 82, 367, 8, one, two, two, only one, 4, two, two, one, one, two, two, four, four, three, two, two, 2.19, 2.19, 70, two, only one, two, only one, 10,55,65,200, 10,63,68,580, two, two, 4, four, two, two, one, 39, one, 7.24, 13, 70.84, 15, 19.46, 70.84, two, one, 70.84, 219.59, 1, 4,00,000, 4, 1,00,000, 3,00,000, 2(1, 15, 15, 25, 1,00,000, 79.28, 5, 11, 70.83, 79.28, 2.19, 229, one, 62, 33, 65, 225, 802, 12, 79.28, 2.19, 238, 188, 158, two, two, 227, 172, 188, two, two, two, three, two, 62, 33, 65, 79.28, 2.19, 2.19, 2.19, fifteen, 3 and 8, 12,88,56,022, RCFTL.17, 140.29, 17,59,420, 10, two, 1, 2, two, only one, one, 4, two, one, 2.19, two, two, four, 3, 4, two, one, three, two, two, two, 2.19, 70.83, two, 145, two, two, two, one, four, 70.83, 17, 4, 79.28, 2.19, one, 2.11, 1,00,000, five, 20,000, 1,00,000, five, 219.57, 2.11, 70.83, 2.11, 70.83, 367, 70.83, 79.28, 2.19, 4, 31, 16, 3 and 8, four, 70.83, 15, two, four, 4, 50, 50, 100, 200, 100, 200, 10, 50, 180, 50, 100, 200, 50, 188, 35D, 5, 225, 225, 10, 2-1/2, two, 1, 1, 2, 2, 32, 156, only one, 145, 6, two, 13, 224, 18, 23, 240)-, 53, 122, 34, 106, 363, 101, 525, 530, 101, 1, 212, one, more than one, 2, 24, 157

DATE: 1994-95, 1995-96, 1996-97, all these years, all these years, 20th Sept., 1988, 30th March, 1993, 60 months, 30th March, 1993, monthly, 5th April, 1993, 30th March, 1993, 5th April, 1993, 60 months, 120 months, 7th of March, 1998, 1st April, 1998, annual, 1961, 2.3, 4, 30th March, 1993, monthly, 5th April, 1993, months, any year, that year, any subsequent year, the past several years, the year, 15 years, five years, 10 years, 5 + 10 years, the year, the previous year, 30th March, 1993, 1993, 1993, 1953, 15 years, 1971, 1986, 1986, 1981, 1990, 1991, 1993, 1995, 1962, 1975, 1999, 1970, 1993, 1971, the year, 1954, the assessment year, the year, the year, the year, the year, 1971, 30th March, 1993, 5th April, 1993, a week, five years, 15 years, 1994-95, 15 years, one week, a week, 30th March, 1993, yearly, monthly, 20 years, the end of period of, five years, the end of 30th March, 1993, 1994-95, 15 years, 16 years, 30th March, 1993, 31st March, 1993, a week, 15 years, the period of, 15 years, the initial 5 years, 15 years, the recent years, September 1988.As, 60 months, 15 years, a week, five years, 10 years, 15 years, 1994-95, 1960, five years to, 15 years, the year ending 31st March, 1996, annual, the year ending 31st March, 1996, 15 years, this year, 4 years, 1st April, 1995, the year ending 31st March, 1996, the previous year 1995-96, the year ending 31st March, 1996, the year ended 31st March, 1996, 15 years, 1st April, 1995, 15 years, 1st April, 1995, the various years, one year, 1998, 2967, 1998, 1998, 15 years, 1977, 1999, first five years, 1991, 44, 1986, 1997, 1998, 1998, 1985, 1959, the period 1st April, 1993, March, 1994, all these years, 60 months, 30th March, 1993, 5th April, 1993, 60 months, 120 months, 7th March, 1998, 30th March, 1993, 5th April, 1993, a week, five years, 15 years, 1994-95, 15 years, a week, 30th March, 1993, yearly, monthly, the end of five years, 5 to 15 years, 15 years, 15 years, first five years, the first five years, 31st March, annual, the last several years, 15 years, 5 + 10 years, the year, 1994-95, 5 to 15 years, the year, one year, seven years, a particular year, annual, the year, annual, this year, the year, that year, the accounting year, 30th March, 1993, 30th March, 1993, the previous year ended on 31st March, 1996, 1985, 16, 1996-97, 1994-95 and, 1995-96, 1961, 1989, 1961, the assessment year, Annual, January, 1995, 1961, 1991, 2(c)(iii, 1961, 1961, 1997, 1997, 1994-95, 1995-96, 1996-97, 1961, the previous year, Previous year, annual, previous year, 1985, 1994-95 to 1996-97, 1997-98, Section 145(2, 1938, 1932, 1945, 1950, 1953, 1964, 1977, 1975, 1995, 1996-97, annual, each year, 1934, the year, that year, one year, that year, the year, each year, 1953, the tax year, each previous year, another year, the year, an earlier year, a subsequent year, the year, 1986, 72, the year, the year, 1997-98

GPE: India, Patalganga, Patalganga, Chembur, India, UK, India, assessee, India, Keshav Mills', assessee, Clause, Keshav Mills', Keshav Mills, assessee, India, asst, asst, England, Md., India, India, India, asst

NORP: SCADA, SCADA, SCADA, Indian, English

ORG: M/s Reliance Capital &amp, Finance Trust Limited, RCFTL, RCFTL, AO, AO, M/s Reliance Capital Ltd., Clauses 2.2, Management Fee, Machinery, M/s Reliance Capital and Finance Trust Ltd., CPPL Ltd., Energy, Maharashtra, Period Primary, the Institute of Chartered Accountants, ICAI, M/s Reliance Capital Ltd., ICAI, AO, the Calcutta High Court, CIT, Uco Bank, Court of Appeal, GaUagher v. Jones, ICAI, AO, AO, AO, the Supreme Court, Keshav Mills Ltd., CIT, SC, ICAI, AO, AO, the Supreme Court, Kedanath Jute Manufacturing Co. Ltd., CIT, SC, Bombay High Court, CIT, State Bank of India v., CIT, SC, CIT, Gujarat Mineral Development Corpn, CIT, Buxa Dooars Tea Co., CIT, Industrial Machinery Mfg, CIT, O.E.N. India Ltd., CIT, Mogul Line Ltd., AO, the Supreme Court, Challapalli Sugars Ltd., CIT, SC, AO, AO, the Calcutta High Court, CIT, Uco Bank, AO, AO, the Hon'ble Supreme Court, Uco Bank, CIT, SC, the Supreme Court, Uco Bank, the Supreme Court, Investment Ltd., CIT, ITR 533 (SC, the Supreme Court, Court, ITO, Kedarnath Jute Mfg, CIT, SC, Court, ITO, Court, the Central Government, the Reserve Bank of India, AO, the Supreme Court, E.D. Sassoon Co. Ltd., CIT, SC, W.S. Try Ltd., Webb v. Stenton, RCFTL, the Hon'ble Supreme Court, Bombay High Court, Kedarnath Jute Mfg, Co. Ltd., the Hon'ble Supreme Court, Solicitor-General, ITO, the High Court, the Gujarat High Court, CIT, Gujarat Mineral Development Corporation, Bombay High Court, CIT, Court, the High Court, CIT, Buxa Dooars Tea Co., CIT, Industrial Machinery Mfg, CIT, CIT, O.E.N. India Ltd., State Bank of India v., CIT, CIT, Mogul Line Ltd., AO, Supreme Court, Keshav Mills Ltd., CIT, Supreme Court, Kedarnath Jute Mfg, Co. Ltd., Kedainath Jute Mfg, Co. Ltd., State Bank of India, the Hon'ble Supreme Court, CIT, Works Ltd., the Hon'ble Supreme Court, Kedarnath Jute, the Supreme Court's, Kedarnath Jute Mfg, Co. Ltd., CIT, SC, the Supreme Court, AO, AO, ICAI, ICAI, ICAI, Department, the Supreme Court, Supreme Court, Court, AO, the ICAI end Accounting Standard 1, GBDT, AO, CBDT, CBDT, CBDT, CBDT, ICAI, Departmental, ICAI, the Supreme Court, Challapalli Sugars Ltd., CIT, Departmental Representative, Departmental Representative, Reliance, the Supreme Court, CIT, Chamanlal Mangaldas &amp, Co., SC, the Supreme Court, the Supreme Court, Keshav Mills Ltd., the Supreme Court, Court, AO, ICAI, ICAI, Bench, Departmental Representative, the Institute of Chartered Accountant of India, Clauses 24, the Accounting Standard, ICAI, Departmental, the Supreme Court, Muddi Venkataratnam &amp, Co. Ltd., CIT, ITR 534, SC, Tribunal, Nagaijuna Finance Ltd., the Tribunal in Dy, CIT, Nagaijuna Investment Trust, TTJ, SB, Departmental Representative, Madras Industrial Investment Corporation Ltd., CIT, the Supreme Court, Reliance, the Gujarat High Court, CIT v., Super Scientific Clock Co., the Supreme Court, CIT, British Paints India Ltd., the Supreme Court, State Bank of Travancore v. CIT, SC, Departmental Representative, Madras Industrial Investment Corporation Ltd., the Supreme Court, the Supreme Court, Departmental Representative, Supreme Court, Tuticorin Alkali Chemicals, CIT, SC, the Supreme Court, the Supreme Court, Supreme Court, Hyderabad Bench, Tribunal, Departmental Representative, TTJ, SB, SB, Departmental Representative, Departmental Representative, the Maharashtra Sales Tax, the State Government, Government Treasury, the Maharashtra Government, Departmental Representative, Departmental Representative, SCADA, RCFTL, Department, Department, ICAI, the Departmental Representative, ICAI, ICAI, Institute, Departmental Representative, the Supreme Court, Supreme Court, Court, ICAI, GBDT, CBDT, AS-1, CBDT, CBDT, AS-1, CBDT, ICAI, Departmental Representative, Departmental Representative, the Supreme Court, Madras Industrial Investment Corporation Ltd., the Supreme Court, the Supreme Court, Tuticorin Alkali Chemicals, CIT, Departmental Representative, the Supreme Court, the Hon'ble Supreme Court, the Hon'ble Supreme Court, AO, ICAI, RCFTL, AO, ICAI, Departmental Representative, ICAI, Supreme Court, Muddi Venkataratnam, Hyderabad Bench, Nagarjuna Finance Ltd., the Supreme Court, Madras Industrial Investment Corporation Ltd., Challapalli Sugars Ltd., AO, the Calcutta High Court, CIT, UCO Bank, AO, the Calcutta High Court, the Supreme Court, Uco Bank, CIT, Uco Bank, the Hon'ble Supreme Court, Investment Ltd., CTT, E.D. Sassoon Co. Ltd., CTT, the Hon'ble Supreme Court, Kedamath Jute Mfg, Co. Ltd., the Hon'ble Supreme Court, ITO, Departmental Representative, -Gujarat High Court, Gujarat Mineral Development Corporation, the Gujarat High Court, Backau Wolf New India Engineering Works Ltd., The Bombay High Court, Supreme Court, Kedarnath Jute Mfg, Co. Ltd., Court, the High Court, CIT, P) Ltd., CIT, State Bank of India v., CIT, CJT, Mogul Line Ltd., The Supreme Court, Kedarnath Jute Mfg, Co. Ltd., AO, AO, Departmental Representative, the Hon'ble Supreme Court, Kedarnath Jute Mfg, Co. Ltd., CIT, Backau Wolf New India Engineering Works Ltd., the Hon'ble Supreme Court, Kedarnath Jute Mfg, Co. Ltd., the Bombay High Court, Kedatnath Jute Mfg, the Supreme Court, the Supreme Court, Departmental, Departmental Representative, the Supreme Court, Muddi Venkataratnam, Departmental Representative, the Government of Maharashtra, 8.44,524, Departmental Representative, AO, yr.1996, Federal Bank Ltd., CIT, Registrar, Board of Resolution, Registrar of Companies, Rajasthan High Court, CIT v. Multimetals Ltd., ITR, Section 35D, AO, the Supreme Court, Punjab State Industrial Development Corporation Ltd., CIT, ITR 792, SC, CIT, ITR, SC, Departmental Representative, The Hon'ble Supreme Court, Sunil Siddharthbhai v., CIT, SC, AO, AO, AO, AO, Court, CIT, Sarangpm Cotton Manufacturing Co. Ltd., the Judicial Committee of the Privy Council, ITO, the Hon'ble Judicial Committee, Allahabad High Court, CIT, Madras High Court, Bangalore Woollen and Silk Mills Co. Ltd., CIT, Keshav Mills Ltd., CIT, SC, the Hon'ble Supreme Court, CIT, A. Krishnaswami Mudaliar, SC, the Supreme Court, ITO, ITO, Sections 10 and 12, ITO, ITO, CIT, Tata Iron &amp, Steel Co. Ltd., CPT, CIT, ITR 489, Department, Hon'ble High Courts, the Hon'ble Supreme Court, CIT, Rang, Hon'ble Rangoon High Court, Hon'ble Supreme Court, Kikabhai Premchand v., CIT, SC, Hon'ble Supreme Court, CIT, Associated Electucal Industries India, P) Ltd., SC, Accounting Standards, Institute of Chartered Accountants, ICAI, CBDT, CBDT, CBDT, yr.1996

ORDINAL: first, first, third, first, Firstly, secondary, first, first, second, second, second, first, first, second, second, first, first, secondly, first, secondary, second, second, first, first, second, second, second, first, first, first, Secondly, Secondly

PRODUCT: 79,28,000, 718, AS 1 of ICAI, AS 1, Establishment, Establishment, Notes, Schedule, Bench, a Full Bench, 151

MONEY: 2 per cent, 100 per cent, 15 per cent, 11.92 per cent, 12 per cent, Four per cent, 4 per cent, 15 per cent, 15 per cent

PERSON: Schedule, Schedule, Threlflai Jhones, Addl, Buckau Wolf New India, Shree Krishna, GIT v., Johnson, Addl, Buckau Wolf New India, Buckau Wolf's, Shree Krishna, Addl, Buckau Wolf New India Engg, Schedule, Guidance Note, Bench, Tuticorin Alkali, Schedule, Schedule, Tuticoiin, Buckau Wolf's, Shree Krishna, Schedule, Schedule, Schedule, Schedule, accordingly.27, Hon'ble Kerala High Court, Brooke Bond, S.C. TIWARI, A.M., Pat, Vimla D. Sonwane

EVENT: ITD 17, ITD 17

FAC: Madras Industrial, Madras Industrial, the Official Gazette, Madras Industrial, the Transfer of the Right

WORK_OF_ART: Their Lordships