Highway Cycle Industries Ltd. Vs. Asstt. Cit

Decided On : Sep-05-2001

Court : Income Tax Appellate Tribunal ITAT Chandigarh

LAW: section 32AB, the Income Tax Act, the Companies Act, the Income Tax Act, section 32AB(3, the Companies Act, section 32AB(3, the Income Tax Act, the Income Tax Act, the Companies Act, the Companies Act, section 32AB, the Companies Act, the Income Tax Act, the Income Tax Act, the Income Tax Act, section 115J, the Income Tax Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Companies Act, the Income Tax Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Income Tax Act, the Finance Act, section 72, section 32, the Companies Act, section 32, section 32(1, the Income Tax Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Companies Act, section 32, the Income Tax Act, the Income Tax Act, the Income Tax Act, the Income Tax Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Companies Act, section 32AB, Section 28 of the Act, section 56, section 14, section 14, section 56, section 56, section 56, section 56, the Income Tax Act, the Income Tax Act, the Companies Act, the Companies Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Income Tax Act, section 115J, the Income Tax Act, the Companies Act, section 205, the Companies Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Companies Act, the Companies Act, the Companies Act, section 115J, the Income Tax Act, the Companies Act, the Companies Act, the Companies Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Income Tax Act, section 32AB, section 32AB, the Companies Act, the Companies Act, the Income Tax Act, the Income Tax Act, the Companies Act, the Income Tax Act

PERSON: the Benches of, The Chandigarh Benches, Coch, ITA Nos, Benches, Rs, Benches, Shri Subhash Aggarwal, Chandigarh Benches, Chandigarh Benches, Shri Aggarwal, Tirath Ram Ahuja Ltd., Shri Aggarwal, Kanga, Shri Aggarwal, Mahendra R. Patel, Suma Eng, Suma Engg, Shri Aggarwal, P.K. Srivastava, Shri Aggarwal, Shri Srivastava, Shri Aggarwal, Shri Aggarwal, B. Seshamma v. CIT, Shri Srivastava, justified levy, G.P. Singh, Esher, "Even, Blackburn, Lordships, Joshi, Lordships, Lordships

ORG: the Appellate Tribunal, Tribunal, Tribunal, the Cochin Bench, CIT, Apollo Tyres Ltd., ITD 464, Highway Cycle Industries Ltd., Asstt, CIT, Asstt, CIT ITA, Asstt, CIT ITA, Bench, Tribunal, Highway Cycle Industries Ltd., Bench, CIT v. Dinjoye Tea Estate, the Chandigarh Benches, Apollo Tyres Ltd., the Cochin Bench, Kelvinator of India Ltd., CIT, Asstt, CIT, Northern India Theaters, P) Ltd., TM, Highway Cycle Industries Ltd., the Commissioner (Appeals, profit &amp, Cochin Bench, Apollo Tyres Ltd., Apollo Tyres Ltd., Rockman Cycle Industries Ltd., Reliance, the Cochin Bench, Apollo Tyres Ltd., Commissioner (Appeals, CST, Departmental Representative, Highway Cycle Industries, the Cochin Bench, Apollo Tyres Ltd., Apollo Tyres, Phoenix Overseas Ltd., ITA No., Departmental Representative, Bench, the Benches of the Tribunal at Chandigarh, Co., the Income Tax Rules, Cochin Bench, Apollo Tyres, the Guahati High Court, CIT v. Dinjoye Tea Estate, Dinjoye Tea Estate, the High Court, the Honble High Court, CIT, the Bombay High Court, CIT, Diners Club India Ltd., CTR, the Bombay High Court, Tribunal, Tribunal, 4th Edn, Business (Contrast, the Central Government, the Investment Deposit Account, the Honble Bombay High Court, CIT v., Veekaylal Investment Co., P) Ltd., Lordships, Lordships, Satluj Cotton Mills Ltd., Asstt, CIT, ITR, Phoenix Overseas Ltd., Asstt, CIT, ITD 274, Bench, Tribunal, M/s. Highway Cycle Industries, HUF, Asstt, CIT, Asstt, CIT, P) Ltd., ITA Nos, Asstt, CIT, P) Ltd., The Pune Bench, Apollo Tyres Ltd., the Cochin Bench, profit &amp, Bench, Departmental Representative, Honble Gauhati High Court, Northern India Theatres, P) Ltd., Diners Club India Ltd., the Honble Bombay High Court, Tribunal, Lordships, the High Court, Tribunal, Smt, Lordships, the Honble Kerala High Court, Apollo Tyres Ltd., Lordships, Tribunal, the Central Government, the Tea Board, the Eleventh Schedule, the Eleventh Schedule, The Central Board of Direct Taxes, ITR, the development bank, the development bank, the Central Government.(i, the Central Government, the development bank, the Central Board of Direct Taxes, Apollo Tyres Ltd., the Honble Kerala High Court, the High Court, the Unit Trust of India, the Unit Trust of India, the Unit Trust of India, Tribunal, the Unit Trust of India, Tribunal, The Commissioner (Appeals, the Unit Trust of India, The Supreme Court, Surana Steels &, CIT, ITR, SC, Budget Speech, Lordships, M.R., Parliament, Lordships, Schedule VI of, CIT v., Veekaylal Investment Co., P) Ltd., Bombay High Court, capital reserve, A.Ramaiya, fourteenth Edn, inter alia, Central Board of Direct Taxes, the Honble Kerala High Court, Apollo Tyres, P) Ltd., the Honble Guahati High Court, CIT v. Dinjoye Tea Estate, Departmental Representative, Lordships, Lordships, Lordships, Kerala High Court, Apollo Tyres, P) Ltd., Kerala High Court, Apollo Tyres, the Eleventh Schedule, Tribunal

DATE: 1992, 1039, year 1987-88, 1992, year 1989-90, 1055, 1356 of 1992, years 1987-88 &amp, 1988-89, 1992, year 1989-90, 1956, the assessment year 1989-90, the earlier years, 1997, 1995, 1039, 2000, 2000, 1956, 1986, 2001, 1993, section 32AB, 1996, 1322, year 1990-91, years 1987-88 &amp, 1988-89, five years, that previous year, 1979, 1999, 1986, the expiry of, six months, the previous year, the previous year, earlier years, 1956, 1 of 1956, 1964, 7 of 1964, 1986, 1956, the current year, the previous year, the previous year, the previous year, the previous year, 1956, year 1988-89, any previous year, previous year, 1956, 1999, 1987, some years, 1999, the current year, that year, 2001, 1669, 2(b, 1651

CARDINAL: 43, 14, 31, 14-6-2000, 30-6, one, 224, 263, 195, 56, two, two, 26,69,541, 58,837, 1,20,000, 51,74,125, 50,88,818, 36,566, one, 14, 14, 5, 3, 264, 242, 646, 163, 330, 535, 1, 5, 249, 199, 164, 56, 2, one, 1-8-2000, 673, 674, 28, 3, 11-8-1996, 1, 1, 3, 5A, 5AA, two, 119, 237, 3, 1-4, 1, 2, 3, 32AB(1, 5, 3, 1, 1, 1, 461, 9, 161, 171, 17.4, II, 1, 5, 2, 3, two, two, 1, 1, 1, 32AB(2, 32AB(3, 17.4, 461, 3, 2, 1, two, One, 2, two, 39, 2, 1, 2, 2, 2, 3, 2, 3, 1, 3, 3, zero, 115J., less than, 1, 1956).As, zero, 237, 5, 3, 249, 2, II, 3, II, 266, 3, 3, 3, two, 1

PRODUCT: 246, the Chandigarh Bench, Pune Bench, 706, 757, Bench

EVENT: ITD 42, Parts II, Parts II, Parts II, Parts II, Parts II, Parts II

FAC: Highway Cycle Inds. Ltd., the Delhi Bench, Pune Bench

ORDINAL: third, second, Third, second, 7th, second

GPE: Palkhiwala, R.A., India, Eleventh Schedule, a).(ii, it"

WORK_OF_ART: Shri Subhash Aggarwal, Shri Subhash Aggarwal

MONEY: twenty per cent, 20 per cent, 20 per cent, twenty per cent, twenty per cent, thirty per cent, 30 per cent, 30 per cent

TIME: a later Act, a later Act, the later Act