K.B. Mehta Vs. Deputy Commissioner of

Decided On : Mar-05-2003

Court : Income Tax Appellate Tribunal ITAT Pune

LAW: Article 5, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, the Finance Act, Section 35AB of the Act, Section 35AB, Section 35AB, Section 35AB, Section 35AB, the Finance Act, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 35AB.According, Section 35AB, Section 35AB, Section 35AB, Section 35AB, Section 32AB, Section 32AB, Section 32AB, Section 32AB.30, the Companies Act, Section 32AB(3, the Companies Act, the Companies Act, Section 32AB(1)(ii, the Companies Act, the Companies Act

CARDINAL: 1, three, two, 8,19,644, 10 to 29, 1.1, five, 1.3, 1.4, 1.5, 2.1, five, 4.1, two, 5.1, 30,000, four, 5.2, 30,000, 20,000, 6.2, 6.3, 6.5, 6.5.1, 19,500, six, 5/6ths, 1/6th, 2,82,307, only 1/6th, 47,060, 1/6th, 87,379, 8, 204, only 1/6th, 204, 8,19,640, 177, 157, 2,73,121, 9, 202, 36, 123, 538, 8,19,964.14, 421, 156, 130, 1, 204, 412, 123, 177, 158, 195, 17, 204, 412, 2000, 243, 348, 232, 316, 224, 177, 377, 239, 566, 159, 629, only 4/5ths, 4, 21 to 23, 204, 412, 204, 204, 1, 5,24,474, 2,82,307, 8,19,364, 4.4, 124, 3.2, 123, 538, 177, 124, 218, 2000, 243, 224, 342, 159, 123, 538, 2,82,307, 9,03,605, 10,69,436, 1,65,831, 2,04,240, 2,15,353.27, 55, 43, 105, 2000, 69, 2001, 78, 237, 3, II, 461, 161, 17, 43, 1, 5, 461, 161, 17, 237, 214, 33, 30, 6,850, 31, one, 1978, 114, 256, 24, one, two, 1978, 114, 256, one, 209, 383.38, one, 1978, 114, 256, 1978, 114, 209, 383, four, One, 3, 214, 3, one, one, one, two, one, one, 6,850, 77,498, 209, one, 209, 383, four, one, one, four, five, 60,678, 48, one, four, one, 51, 209, 383, 52, 53, 1,82,094, 6,850, 1978, 114, 209, 383, 2001, 250, 769.58, 1978, 114, two, 1978, 114, 209, 383, 2001, 250, 209, 383

DATE: year 1989-90, year 1990-91, 1995, year 1990-91, a number of years, August 18, 1988, 30 days, 30 days, 30 days, 30 days, the assessment year 1989-90, the assessment year 1990-91, 30 days, 30 days, 30 days, a period of, eight years, one year's, year 1989-90, the year, April 1, 1986, 1984, five subsequent years, the assessment year 1990-91, that year, the last year's, this year, year 1989-90, this year, the assessment year 1990-91, 1993, 1984, 1993, the assessment year 1990-91, appeal.11, the assessment year 1990-91, 1989, 1986, 86, 1993, 1980, the assessment year 1990-91.13, years 1989-90, 1990-91, the assessment year 1990-91, two different years, the assessment year 1990-91, the assessment year 1989-90, the assessment year 1990-91, the assessment year 1990-91, June 12, 1985, 1985, 1842, 1985, six years, 1993, 1980, 1989, 1986, the years, the assessment year 1989-90, the assessment year 1990-91, 1993, the assessment year 1990-91, 1998, 1997, 1989, 1999, 1986, 1993, year 1990-91, the assessment year 1989-90, 1993, year 1990-91, 1993, year 1989-90, the assessment year 1990-91, 1980, the days, the assessment year 1990-91, 1980, these days, 1989, 1980, 1996, ten years, 1997, 1986, 1980, year 1989-90, the assessment year 1990-91, 1990-91, 2,73,121, years 1989-90, 1990-91, the assessment year 1989-90, 2,40,592, 2,40,592, the assessment year 1990-91, the years, February 3, 1995, the assessment year 1988-89, 1995, July 3, 1995, 1992, 1999, the years, 1989-90, 1999, July 9, 1986, 1986, 1992, July 9, 1986, 1986, 1999, year 1989-90, 1994, 1,88,934, 1,88,934, 1988, May, 1988, a few months, May, 1989, 1999, three years, 1994, three years, 1993, April 7, 1999, February, 2001 --page 1070, 1994, the assessment year 1989-90, 1994, 1,88,934, three years, August 11, 1988, a period of, nine months, October 1, 1993, 1994, August 11, 1988, three years, 1994, the previous year, 1976-77, 21 years of age, 1,88,934, 1,88,934, 1994, 1,88,934, August 11, 1988, May, 1989, August 1989, 1994, September, 1955, 1960, three months, years, 1994, 1994

ORDINAL: first, first, first, first, first, first, second, third, first, first, first, Secondly, Third, Third, Third

GPE: Bierrum, U.K., Bierrum, Bierrum, Bierrum, Bierrum, India, Bierrum, Bierrum, Bierrum, Bierrum, Bierrum, Spain, Australia, India, Bierrum, Bierrums, Bierrum, Bierrums, Bierrums, assessee, Chaturvedi, Pithisaria, Delhi, Bierrums, R.A., Delhi, Engineering, U.S.A., U.S.A., M.S., Berkeley, U.S.A., India, India, U.S.A., U.S.A., B.C.A.J., U.S.A., India, Ahmedabad, the United States of America, U.S.A., assessee, U.S.A., San Francisco, India, U.S.A., U.S.A., New York, U.S.A., U.S.A., India, USA

ORG: Partners Ltd., Partners Ltd., Bierrum and Partners Ltd., R.C, Bierrum System, Bierrum Systems, Bierrum System, Bierrum System, Bierrum System, RCC, Bierrum System, Bierrum System, Bierrum System, Bierrum System, the Bierrums System, Bierrums System, Bierrums Systems, Department, Bierrums System, Bierrums System, Bierrums System, Assessing, Department, the Supreme Court, CIT, N.C. Budharaja, ITR, Bierrums Systems, the Supreme Court, CIT, N.C. Budharaja, the Bierrums System, Department, the Supreme Court, Alembic Chemical Works Co. Ltd., CIT, the Supreme Court, the Supreme Court, Scientific Engineering House, CIT, Bierrums System, the Bombay High Court, CIT, the Bombay High Court, CIT, Tata Engineering, Locomotive Co., P.) Ltd., the Bombay High Court, the Commissioner of Income-tax (Appeals, Shri K.A. Sathe, Department, the Circular of the Board No, ITR, Department, Department, the Supreme Court, CIT, N.C. Budharaja, ITR, Shri Sathe, CIT, Tata Engineering, Co. P. Ltd., Chemical Works Co. Ltd., CIT, SC, CIT, Bhai Sunder Dass, Sons P. Ltd., Departmental Representative, Department, Departmental Representative, the Supreme Court, N.C.Budharaja and Co., ITR, Departmental Representative, the Commissioner of Income-tax (Appeals, Departmental Representative, CIT, W.S. Insulators, India Ltd., ITR, the Supreme Court, CIT, Sons India Ltd., CIT, SC, Departmental Representative, the Supreme Court, Alembic Chemical Works Co. Ltd., CIT, Departmental Representative, the Supreme Court, CIT, Warner Hindustan Ltd., the Bombay High Court, CIT, Sudarshan Chemical Industries, the Bombay High Court, the Supreme Court, CIT, N.C. Budharaja, ITR, the Supreme Court, N.C. Budharaja, ITR, the Supreme Court, Supreme Court, N.C. Budharaja, ITR, Bierrums System, Clauses 4.1, the Supreme Court, Empire Jute Co. Ltd., CIT, Supreme Court, CIT, Tata Engineering, Locomotive Co. P, ltd, the Bombay High Court, Daimler Benz, Alembic Chemical Works Co. Ltd., CIT, SC, Judicial, Supreme Court, Court, Supreme Court, Empire Jute Co. Ltd., SC).23, CIT, Indian Oxygen Ltd., SC, British Company, the High Court, Supreme, Departmental Representative, CIT, India Ltd., ITR, the Supreme Court, the Bombay High Court, Sudarshan Chemical Industries P. Ltd., Tata Engineering, Locomotive Co., P.) Ltd., Departmental Representative, Assessing, Unit Trust of India, Assessing, Tribunal, CIT, Maharashtra Scooters Ltd., the Department, the Cochin Bench, Apollo Tyres Ltd., CIT, ITD 464, CIT, G.L. Rexroth Industries Ltd., Mag, CIT, Brij Bhushanlal, TTJ, Eveready Industries, CIT, ITD 175, Departmental Representative, Supreme Court, CIT, ITR, Departmental Representative, Bench, Maharashtra Scooters Ltd., Department, Tribunal, Board's Circular No, ITR, UTI, the Cochin Bench, Apollo Tyres Ltd., CIT, ITD 464, the Central Board of Direct Taxes Circular, ITR, Tribunal, Maharashtra Scooters Ltd., Departmental Representative, the Supreme Court, CIT, ITR, Departmental Representative, The Supreme Court, Departmental Representative, Shri Jayantilal P. Vora, Civil Engineering, the University of California,, Assessing, Assessing, the Bombay High Court, Sakal Papers Pvt, CIT, ITR, the Reserve Bank of India, the Bombay High Court, Sakal Papers Pvt, ITR, Departmental, the Bombay High Court, CIT, Hindustan Hosiery Industries, the University of California, Berkeley, the Bombay High Court, Sakal Papers Pvt, ITR, Sakal Papers Pvt, Marathi, The Bombay High Court, the Bombay High Court, the Bombay Bench, Trikaya Grey Advertisement India Ltd., CIT, Departmental Representative, the Bombay High Court, Hindustan Hosiery Industries, the Bombay High Court, the Bombay High Court, brevity.44, Tribunal, the Reserve Bank of India, Department, the Bombay High Court, CIT, Hindustan Hosiery Industries, the Bombay High Court, CIT, Hindustan Hosiery Industries, American University, Tribunal, Tribunal, the Bombay High Court, the Bombay High Court, High Court, Tribunal, Judicial, Bench, the Bombay High Court, CIT, Hindustan Hosiery Industries, Shri Jayantilal P. Vora, disallowance.54, Tribunal, Departmental Representative, Morrison Knudsen Engineers, Shri K.A. Sathe, Reliance, Sakal Papers Pvt, CIT, ITR, Departmental Representative, CIT, Hindustan Hosiery Industries, M. Subramaniam Bros., CIT, Sakal Papers Pvt, CIT, Marathi, Columbia University, Appellate, Tribunal, The High Court, Sakal Papers Pvt, CIT, Hindustan Hosiery Industries, M. Subramaniam Bros., CIT, Hindustan Hosiery Industries, Judicial

NORP: R., Indian, Bierrums, British, Indian, Indian, Indian, French, American, American

LANGUAGE: English, English, English, English

WORK_OF_ART: Bierrum System, a Master of Arts

PERSON: Bierrums, Bierrums, Bierrums, Bierrums, Bierrums, Bierrums, Bierrums, Bierrums, Bierrums, Bierrums, Rs, Rs, Kirloskar Cummins, Bierrums, Shri Sathe, Shri Sathe, Shri Sathe, Shri Sathe, Shri K. Srinivasan, Shri Sathe, I.A.E.C., Jonas Woodhead, Bierrums, Bierrums, Bierrums, Jonas Woodhead, K.A. Sathe, Asst, Shri K. Srinivasan, Surana Steels Pvt, Surana Steels Pvt, Shri K.P. Vora, Shri K.P. Vora, Shri K.P.Vora, Shri K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, Shri Vora, Shri K.P. Vora, Shri K.P. Vora, K.A. Sathe, Shri K.P. Vora, Shri Sathe, Shri G.N. Tambe, Shri Kedar, Shri Kalyan, Shri K.P. Vora, K.B. Mehta, Shri K.P. Vora, K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, Leela Parulekar, Shri K.P. Vora, Shri K.P. Vora, K.P. Vora, Shri K.P. Vora, Shri G.N.Tambe, Shri Kedar, Shri Kalyan, Shri K.P. Vora, Shri K.P. Vora, K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, K.P. Vora, K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, Shri K.P. Vora, Shri Krunal P. Vora, Krunal P.Vora, K.B. Mehta, Shri K.P. Vora, Shri G.S. Singh, Shri K.P. Vora, Shri K.P. Vora, M. S., Shri K.P. Vora, Shri G.S. Singh, Shri K.P. Vora, Shri K.P. Vora

MONEY: 32.5 per cent, 32.5 per cent, 30 per cent, 5 per cent, 20 per cent, 40 per cent, 50 per cent, 40 per cent, 20 per cent, 20 per cent, 20 per cent, 20 per cent, 18 per cent

PRODUCT: Section 35AB, 377, 348, 379, 777, 256, Accountant, CA, 256, 256, 256, Bench

LOC: matter.15

EVENT: Parts II, Clause 5