Salora International Ltd. Vs. Joint Commissioner of Income-tax

Decided On : Aug-02-2002

Court : Income Tax Appellate Tribunal ITAT Delhi

LAW: Section 391, the Companies Act, Section 393, the Companies Act, the Companies Act, Section 48, Section 394, the Companies Act, Section 393, the Companies Act, Section 48, Section 48, Section 394, the Companies Act, the Companies Act, Section 394, the Companies Act, Section 55(2)(aa, Section 48, the Companies Act, the Companies Amendment Act 31/65, the Companies Act, the Companies Act, Section 391, the Companies Act, Section 394A, the Companies Act, Section 48, Section 392 of the Companies Act, Section 55(2)(aa, Section 48, Section 48 of the Act, Section 45, Section 48 of the Act, Section 45, Section 48, Section 48, Section 45 of the Act, Section 50 of the Act, the Companies Act, Section 50, Section 48 of the Act, Section 45 of the Act, Section 50 of the Act, Section 45, Section 50, the Finance Act, Section 50B of the Act, Section 48 of the Act, Section 50, Section 50 of the Act.9.1, Section 41(2, Section 50 of the Act, Section 41, Section 50 of the Act, Section 48, Section 50, Section 48, Section 50 of the Act, Section 50, Section 50 of the Act, Section 50 of the Act, Section 48 of the Act, Section 2, Section 50(1, Section 50B of the Act, Section 50B, Section 50B of the Act, section 2, Section 45, Section 45, Section 45, Section 45, Section 48, Section 45, Section 48, Section 55, Section 50(1, Section 50, Section 50, Section 41, Section 41(2, Section 45, Section 50, ITD 32, Section 36(1)(vii, Section 234B, Section 234B, Section 234B, Section 234B

CARDINAL: 1, 22-02-2001, 1, 1 to 252, 253, 265, 266, 267, 5, 273, 274, 278, 279, 284, 388, 391, 392, 397, 50.12, 12, 10, Two, 10, two, 10, less than one half, one, 10, less than one half, 48,60,000, 10, twenty seven, sixty two, twenty seven, sixty two, 2.2, 2.3, 52.12, 32.48, 17.64, transferee, 17.64, one, 17.64, transferee, 32.48, 17.64, 74, 41, 367, 17.64, 17.64, 50.12, 159, 71, 50.12, 32.48, 50.12, 17.64, 32.48, 27.62, 4.86, 17.64, 32.48, 17.64, 17.64, 222, 583, 17.64, 247, 609, 40, 391, 50.12, two, 10, two, two, 17.64, two, 17.54, 500, two, 17.64, 17.64, 26, 27, 17.64, 52.12, 55.12, 12, 17.64, 195, 238, 403, 17.64, 105, 320.4.2, 67, 374, two, 141, 486, 341, 113, 307, 17.64, 391, 395, One, 59, 548, 617, 391 to 395, 39, 202, 403, 391, 394, 50.12, 32.64, one, 10, two, 17.64, 50.12, 6.3, 50.12, two, 50.12, 32.64, 6.5, 17.64, more than 75, 12, two, 10, two, 10, 17.64, 500, two, 1, 2, 3, 4, 5, 6, 7, 8), 17.64, 17.64, 50.12, 17.64, 2, 7.1, 1, 32,48,00,000, 485, 32,48,00,000, 41,09,32,331, 24,77,27,856.8.2, 50,12,00,000, 364, 485, 1, 1 1,41,31,696, 32,48,00,000, 41,09,32,331, 32,48,00,000, 278, 57, 299, 46, 135, 1-4, 1, 1-4-2000, 50B, 1-4-1988, 260, 2, only one, only one, 237, 227, 260(SC, 235, 21, 231, 109, 228, 227, 32.48, 1,02,24,00,057, 32.48, two, 50.12, 50, 49, 1, 2, 10.1, 57, 1-4-2000, 236, 126, 1-4-2000, 1-4-1998, 81, 1-4-2000, 1-4-2000, 10.3-1, three, 10.3-3, 48, 10.4, 252, 2, 1, one, 1, 10.5, 1-4-1998, 269, 72, 2, 237, 3, 1,83,420, 76, 172, 339, 4, 2,00,020, 2,00,020, 1,00,020, two, 252, 1

DATE: year 1997-98.2, 1993, the previous year, year 1997-98, the year, 8-5-1996, 20-9-1996, forty eight, a period of, 90 days, the assessment year, 1970, the year, 30-5-2000, 20-5-2000, 1961, 1998, year 1998-99, years, the instant year, 1999, 1999-2000, year 2000-01, the assessment year, 1 earlier, 1922, 11 of 1922, the previous year, the previous year, the previous year, the previous year, the previous year, the previous year, 1999, the previous year, the previous year, year 2000-01, the assessment year 1997-98, the year, 2002, the assessment year 1993-94, 49, 49, January 1,1954, January 1, 1954, January, 1954, January, 1954, the year

ORG: Panasonic Division, Matsushita Electronic Industrial Company Ltd., Matsushita Television &amp, Audio India Ltd., Panasonic Division, the Panasonic Division, the Hon'ble High Court, Salora International Ltd., Hon'ble High Court, Panasonic Division, Panasonic Division, Equity, the Effective Data, the Board of Directors, MTAIC, MTAIC, MTAIC, the Board of Directors, MTAIC, the Hon'ble Delhi High Court, Panasonic Division, Panasonic Division, Division, CIT, Imperial Chemical Industries India Pvt, ITR 17, SC, Assessing, Apex Court, the Board of Directors, the Panasonic Division, K.P. Varghese v., ITO, ITR, the Hon'ble Supreme Court, Lordships, the Hon'ble Supreme Court, CIT v. Shivakami Co.Pvt, ITR, CIT, Lordships, CIT, Imperial Chemical Industries India Ltd., Assessing Officer, Hon'ble High Court, Hon'ble High Court, the Panasonic Division, CIT, Imperial Chemical Industries, Shri C.S. Aggarwal, Panasonic Division, Panasonic Division, Board of Directors, Hon'ble High Court, Hon'ble High Court, Panasonic Division, the Hon'ble High Court, CIT, Imperial Chemical Industries, CIT, CIT v. Shivakami &amp, Co., CIT, Hon'ble Apex Court, Hon'ble High Court, Lordships, Hon'ble Supreme Court, New Kaiser-I-Hind Spinning &, Weaving Co. Ltd., SC, Court, MTAIC, Lordships, Assessing, Hon'ble High Court, Hon'ble High Court, Hon'ble High Court, Ajay, ITD 350, Department, MTAIC, Panasonic Division, MTAIC, Assessing, Hon'ble High Court, Apex Court, E.D. Sarsoon &amp, Co. Ltd, CIT Bombay, MTAIC, MTAIC, Hon'ble High Court, Hon'ble Supreme Court, Associated Power Co. Ltd., CIT 218, ITR, CIT, ITR, CIT, P.N. Avasthi, Assessing, Imperial Chemical Industries, CIT, Department, Learned D.R., CIT, ITR, the Hon'ble Delhi High Court, Income-tax Department, Department, Department, Income-tax Department, ITR, Lordships, ITO, Lordships, Civil Court, assessee and third party, ITO, Hon'ble Apex Court, Union of India v. Gosalia Shipping Pvt, Daftri Shastri Committee, the Vivion Ghosh Commission of Enquiry, Hon'ble Court, the Hon'ble Court, Hon'ble High Court, the Hon'ble Court, Assessing, MTAIC, Hon'ble Supreme Court, LIC v. Escorts Ltd., Lordships, Reliance, Apex Court, CIT, ITR, Division, Associated Powers Co. Ltd., CIT, ITR, The Hon'ble Delhi High Court, Central Government, Central Government, Central Government, Departments, Department, Department, MTAIC, Panasonic Division, Hon'ble High Court, Department, Central Government, Central Government, Central Government, Central Government, the Hon'ble High Court, Bombay High Court, Panasonic Division, Department, Department, Hon'ble High Court, Hon'ble Supreme Court, Lordships, Their Lordships of Supreme Court, Imperial Chemical Industries India Pvt. Ltd., the Hon'ble High Court, MTAIC, Department, Hon'ble High Court, the Board of Directors, Panasonic Divisions, Hon'ble High Court, Hon'ble High Court, Hon'blc High Court, CIT, Department, Department, MTAIC, Panasonic Division, Department, the Department, Department, Their Lordships of Supreme Court, Mcdowell, Assessing, CITA, Shivaprakash Janakraj P. Ltd., Lordships, AO, AO, GAIN Consideration, Panasonic Division Rs, DCIT, Finance, Panasonic Division, M/s MTAIC, Panasonic Division, the Panasonic Division, Schedule C, the Scheme of Arrangement, Court, MTAIC, Assessing, the Panasonic Division, Schedules, DCIT, WDV, WDV, Panasonic Division, DCIT, DCIT, DCIT, Hon'ble Supreme Court, CIT v. Electric Control Gear Mfg, ITR, Apex Court, CIT, Mungeeram Bangar Co., Land Department, Scheme of Arrangement, Hon'ble Supreme Court, West Coast Chemicals &, Industries Ltd., WDV, DCIT, WDV, Sections 50A &amp, D.R., Hon'ble Supreme Court, CIT, Artex Manufacturing Co., D.R., Hon'ble Bombay High Court, Anand Electrical Co., ITR, Learned D.R., ITR, ITR 1, SC, ITR, Panasonic Division, Assessing, Sections 48, the Panasonic Division, Hon'ble Supreme Court, CIT, Mungeeram Bangar Co., Land Department, ITR, Ahmedabad Bench, Industrial Machinery Associates, CIT, ITD 482, Legislature, Bench, Bench, Sections 48, AO, Delhi High Court, P.N.B. Finance Ltd., Sections 48, Clauses, Sections 48, WDV, Artex Manufacturing Co., SC, the Hon'ble Supreme Court, Hon'ble Supreme Court, CIT, the Panasonic Division, the Hon'ble Supreme Court, Anand Electrical Co., ITR 587, The Hon'ble Supreme Court, CIT v. Electric Control Gear Mfg, ITR, Tribunal, Hon'ble Gujarat High Court, Briefly, Kartikeya Engineering Co.Rs, AO, Hon'ble Supreme Court, Ranchi Club, Hon'ble Patna High Court, Udai, DR, the Hon'ble Supreme Court, Hon'ble Punjab &, Haryana High Court, Vinod, Hon'ble Supreme Court, Ranchi Club, the Hon'ble Supreme Court, The Hon'ble Supreme Court, the Settlement Commission

WORK_OF_ART: MEICL, Panasonic Division, "National Panasonic, Scheme, Value Rs, The Assessing Officer

GPE: India, Delhi, Bombay, J.K., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., D.R., DR, Delhi, D.R., asscssee, D.R., Ground, assessee, D.R., assessee, D.R., D.R., Clause, D.R., I.T., DR, Ld

PERSON: MTAIC, MTAIC, MTAIC, 27,62,00,000, MTAIC, 27,62,00,000, Directors, Hon'ble Delhi High Court, Hon'ble Delhi High Court, MTAIC, Sitaldas Tirathdas, Assessing Officer, Sitaldas Tirathdas, K.P. Varghese v. ITO, Sadanand S. Varde v. State, MTAIC, Muthubhai C. Patel, Kasturi Devi, Seetaldas Tirathdas, L. Bansidhar, MTAIC, Kishan Lal Punja Ram v. CIT, V. Dattchimamurlly v. UOI 149, end.4.5, MTAIC, Charandas Haridas, Sadanand S. Varkde, MTAIC, Seetaldas Tirathadas, Seetaldas Tirathdas, MTAIC, Rs, 7,70,72,144, MTAIC, MTAIC, retrospectively.8.12, Hargovandas Girdharlal, Delhi Bench, misc, Misthan Bhandar, Anjum Ghaswala, Anjum Ghaswala

MONEY: 75 per cent, 12.2

NORP: Rules, Rules, Indian, Similar

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

PRODUCT: Mcdowel 154 ITR 148, 227, 776, 759, 227, 227