Deputy Commissioner of Income Tax Vs. Industrial Cables (i) Ltd.

Decided On : Oct-24-2003

Court : Income Tax Appellate Tribunal ITAT Chandigarh

LAW: Section 40A(2, Section 40 of the Act, Section 36, the IT Act, Section 28, the IT Act, Section 36(1)(iii, the IT Act, Section 36(1)(iii, the IT Act, Section 36(1)(iii, Section 57(iii, Section 57(iii, Section 57(iii, Section 36(1)(iii, Section 57(iii).11.4, Section 36(1)(iii, Section 37(2, Section 37(2, Section 37(1, Section 40A(2, Section 37, the IT Act, Section 143(1, Section 143(3, Section 143(1).15, Section 37(1, Section 37(1, Section 143(1, Section 143(3, Section 37, Section 37(1, the IT Act, Section 40A(2, Section 40A(2, Section 40A(2, Section 40A(2, Section 37(1, Section 37(1, Section 37(1, Section 37(1, Section 37(1, Section 40A(2, Section 40A(2, ITR 79, Section 10(2)(xv, Section 10(2)(xv, Section 37(1

CARDINAL: 1, yr.1994-95, 653, 1., 2, 3, 27,46,076, 5., 2,14,351, 73,283, 6, 1, 3, 80,213, 2, 8,73,600, 5, 1., 2, 3, 20,80,752, 4., 5., 71,004, 6., 15, 7, 1, 73,740, 2, 8,73,600, 3, 8, 15, 7, 653, 1., 15, 1, 200, 174, 269, 254, 1, 9, 2, 1, 15,86,257, 80,213, 1,58,525, 40,960, 84,885, 806, 930, 200, 2, 1, 3, 1994-95, 27,46,076, 20,80,752, 930, 200, 3, 3, 4, 1994-95, 80, 6.2, 193, 70, one, 18, 6.2, 80, 32,53,70,535, 173, two, one, 43, 181, 198, 199.6, 4, 12, 5, 1994-95, 8,35,753, 5,08,846, 2,49,423, 2,14,351, 73,283, 41,068, 5,68,046, 94,564, 2,55,298, 71,004, 806, 930, 5, 6, 7, 10,95,000, 6, 15, 3, 1, 653/1999, 15, 15, 2, 2, 6, 7, 10,95,000, 25,000, 45,35,491, 50, 45,35,491, two, 10,95,000, 13.2, 10,95,000.13.3, 10,95,000, 45,35,491, 25,000, 50, two, 50, 45,35,451, 50, 2 to 19, 208, 130, 559, 81, 8,2, 53, 156, 275, one, 45,35,451, 50, 10,95,000, 1.50, 1.25, 25,000, 10,95,000, 50, 45,35,451, 1.50, 94.26, 1.5, 50, 1,5, 50, one, 10,95,000, 6, 6, yr.1994-95, 3, 15, 15, 15, 15, 15, 6, yr.1994-95, 3, 6, 3, 1, 653/1999, 15, 15, 15, one, one, one, 15, 15, 15, 2, 15, 96,780, 55,469, 15, 10,99,996, 44,86,955, 56,63,000, 1, 64, 381, 62, 156, 15, 15, 68, 15, 15, 15, 665, 659, 30 to 36, 837, 838, 31, 10,95,000, 6, 7, 15, 15, one, 56,63,000, 72,13,000, one, 15, 72,13,000, 56,63,000, 15, 34, 51,19,66,997, 59,943, 10,95,000, 6, 15

ORG: ITA No, ITA No., ITA No, ITA No, ITA No, ITA No, Department, Department, AO, AO, ITA No., M/s Dynamic Cosmetics Ltd., the IT Department, McDowell &amp, Co., CTO, ITA No, MODVAT, Department, Department, AO, AO, AO, M/s ICL, Haryana) Ltd., AO, AO, ITA No, Dynamic Cosmetics Ltd., ICL Steel, ITA No, MODVAT, 83,65,860, ITA No.1101/Chandi/1996, ITA No, AO, MODVAT, AO, MODVAT, Departmental Representative, AO, Tribunal, ITA No, CIT, CTR, CIT, General Electric Co., India Ltd., Court, CIT, Indo Nippon Chemicals Co. Ltd., the Bombay High Court, CIT v. Indo Nippon Chemicals Co. Ltd., 8.2 Respectfully, Court, CIT v. Indo Nippon Chemicals Co. Ltd., the Tribunal, Chandigarh Bench, ITA No, ll0l/Chandi/1996, ITA No, ll0l/Chandi/1996, ITA No.1106/Chandi/1997, ITA No, ll0l/Chandi/1996, ITA No, AO, Departmental Representative, AO, ITA No, Tribunal, AO, AO, Tribunal, AO, ITA No, ITA No.1022/Chandi/1996, ITA No.1106/Chandi/1996, AO, AO, the Tribunal, Chandigarh Bench, Departmental Representative, AO, Tribunal, ITA No, ITA No, Tribunal, CIT, D &, H Secheron Electric, Learned Departmental Representative, Tribunal, ITA No.1106/Chandi/1996, ITA No, ITA No, ITA No.1101/Chandi/1996, ITA No, AO, M/s Haryana Telecom Ltd., AO, M/s Haryana Telecom Ltd., M/s ICL Towers Ltd, M/s Haryana Telecom Ltd., AO, AO, McDowell &amp, Co., CTO, ITA No, AO, ITA No, AO, the Supreme Court, CIT, Rajinder Prasad Moody, The Supreme Court's, AO, The Supreme Court's, Departmental Representative, AO, Indian Metals &, Ferro Alloys Ltd., CIT, Lordships, Tribunal, CIT, H.R. Sugar Factory, P) Ltd., ITO, ITO, Triveni Engineering Works Ltd., CIT, CIT v. Sujani Textile, Lordships, ITO, Tribunal, Tribunal, Tribunal, the High Court, the High Court, Departmental Representative, AO, AO, AO, AO, AO, Departmental Representative, AO, Department, AO, AO, AO, AO, Learned Authorised Representative, the assessee upto 31st March,, Departmental Representative, Learned Authorised Representative, AO, Department, Department, the Calcutta High Court, CIT, Lordships, ITO, the IT Department, Learned Authorised Representative, the Gujarat High Court, Banyan &, McDowell &amp, Co. Ltd., the High Court, Court, Court, AO, Indian Metals &, Feno Alloys Ltd, Departmental Representative, Department, Department, Departmental Representative, Departmental Representative, Departmental Representative, Department, Department, pp.108-109, Smt, ITO, TTJ, Departmental, AO, McDowell, AO, ITA No.1106, ITA No, AO, ITA No, ITA No.1101/Chandi/1996, ITA, AO, AO, AO, AO, AO, Learned Departmental Representative, AO, the Tribunal, Chandigarh Bench, Bench, ITA No, AO, AO, Learned Departmental Representative, Tribunal, AO, AO, ITA No, M/s ICLS, ICLS Ltd., AO, ICLS, AO, AO, M/s ICL Steel Haryana Ltd., AO, M/s Dynamic Cosmetics Ltd., M/s ICL Steel Haryana Ltd., ICL Steel, M/s ICLS Ltd., ICLS Ltd., AO, ICLS Ltd., M/s ICLS Ltd., AO, AO, ICL Steel Haryana Ltd., M/s ICL, AO, AO, McDowell &amp, Co.Ltd., CTO, M/s ICL Steel Haryana Ltd., AO, M/s ICL Steel Haryana Ltd., AO, ICLS Ltd., AO, AO, M/s ICLS Ltd., AO, M/s ICLS, AO, Departmental Representative, AO, M/s, M/s ICLS, M/s ICLS, Learned Departmental Representative, AO, Rajpura, AO, AO, M/s ICLS, Learned Departmental Representative, McDowell &amp, Co., CTO, Court, AO, M/s, ICLS, M/s ICLS, ICLS, AO, M/s ICLS, AO, AO, AO, AO, AO, M/s ICLS, the Gujarat High Court, Taraben Ramanbhai Pate, ITO, CIT, Rajasthan High Court, Rajasthan High Court, CIT v., National Bearing Co. Ltd., Dhansimm Aggarwal, CIT, CTR, AO, AO, M/s, ICLS, Departmental Representative, AO, AO, Karnataka Forest Plantations Corporation Ltd., CIT, CTR, CIT, M/s ICLS Ltd., M/s ICLS Ltd., ICLS Ltd., AO, Delhi Safe Deposit Co. Ltd, Malwa Vanaspati &, Chemical Co. Ltd., CIT .Lordships, Bombay High Court, CIT Lordships, Lordships, Lordships, Tribunal, Lordships, Tribunal, Associated Rubber Industry Ltd., Associated Rubber Industry Ltd., Court, Court, Court, Lordships, CIT, Shri Meenakshi Mills Ltd., McDowell &amp, Co. Ltd., the Tribunal on the, Tribunal, Tribunal, M/s ICLS Ltd., AO, AO, AO, AO, AO, AO, IGLS Ltd., M/s IGLS Ltd., M/s ICLS Ltd., IGLS Ltd., ICLS Ltd., M/s ICLS Ltd., ICLS Ltd., M/s ICLS Ltd., M/s ICLS Ltd., M/s ICLS Ltd., Departmental Representative, M/s ICLS Ltd., ICLS Ltd., AO, AO, AO, ICLS Ltd., ICLS Ltd, AO, AO, AO, ICLS Ltd., AO, Learned CIT(A, AO, AO, ITA No, AO, AO, AO, ITA No, AO, ICLS, AO, ICLS, AO, AO, M/s ICLS, M/s ICLS, ICLS, AO, ICL Steel Haryana Ltd., Superior Investment Co, ICL Industries Punjab Ltd., ICL Industries Punjab Ltd., M/s ICL Steel Haryana Ltd., the Hon'ble Supreme Court, Mcdowell &amp, Co. Ltd., CTO, ICL Steel Haryana Ltd., ICL Steel Haryana Ltd., AO, Sassoon J. David &amp, Co., CIT, Court, CIT, CIT, Sanjeevi &amp, Co., CIT, AO, Superior Investment Company, M/s ICL Steel Haryana Ltd., Departmental Representative, ICL Steel Haryana Ltd., Meatties Ltd., CIT, Ciba Dyes Ltd., CIT, Departmental Representative, Malwa Vanaspati &, Chemical Co. Ltd., CIT, Mcdowell &amp, Co. Ltd., CTO, CIT, Departmental Representative, AO, AO, ICLS Ltd., ICLS, Learned Authorised Representative, Siddho Mal &, Sons v. CIT, Lordships, Ciba Dyes Ltd., CIT, Lordships, the Department of, Department, Department, Meattles Ltd., CIT, CIT, Malwa Vanaspati &, Chemicals Co, Ltd., CIT, Lordships, Sections, Mysore Kirloskar Ltd., CIT, M/s ICLS Ltd., M/s ICLS, ICLS, ICLS Haryana Ltd., AO, LCN, M/s ICLS, ICLS, ICLS, ICLS, LCN, AO, ITA No.1101/1997

GPE: asst, asst, asst, asst, asst, asst, asst, ITA Nos, asst, asst, asst, asst, asst, asst, asst, asst, Hence, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, Distt, asst, asst, Jaipur, Workmen, assessee, asst, asst, asst, asst, asst, asst, asst, asst, assessee, assessee, assessee, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst, asst

DATE: 1993-94, 19th July, 1996, 1993-94, 1054, 1993-94, 10th July, 1996, 1993-94, 1106, 1994-95, Sept, 1997, 1994-95, Sept., 1997, 1994-95, 1994-95, May, 1999, 1993-94, the previous years, the earlier years, 4, 1054, 1993-94, 1106, 1994-95, the previous years, the earlier years, 1994-95, 1994-95, yr.1993-94, 1994-95, 1106, yr.1993-94, 1994-95, 1992, yr.1992-93, Aug., 2002, 2002, 2002, Aug., 2002, 1993-94, 1994-95, 1993-94, 1106, 1994-95, 1993-94, 1994-95, 1993-94, 1106, 1994-95, 1054, 1993-94 and, 1994-95, the assessment year, 1993-94, 1994-95, 1993-94, 1994-95, 1993-94, 1994-95, 1991-92, 1991-92, 1992-93, 1962, 1962, 1993-94, 1106, 1994-95, 1054, 1993-94, 1994-95, 1993-94, 1993-94, 1994-95, 1991-92 and, 1986-87, 1987-88, 1988, 1991-92, 1992-93, 1993-94, 1994-95, 1993-94, 1994-95, 1106, 1993-94, 1106, 1994-95, 1993-94, 1106, 1996, 1993-94, 1106 of 1997, 1994-95, 1996, 1993-94, 1995-96, 1106 of 1997, 1994-95, 1992, 1961, the year, each year, every year, 1961, 1961, the year, annual, 1992-93, 31st March, 1993, 1993, the period ending 31st March, 1992, the period ending 31st March, 1993, 1993-94, yr.1993-94, 1990-91, 1992-93, 1991, yr.1993-94, the year, the year, 1990-91, 1991-92, 1992-93, 1992, 1992, 1996, 1993-94, 1996, 1997, 1994-95, 1996, 1993-94, 1106 of 1996, 1993-94, 1101, 1993-94, 1106 of 1997, 1994-95, 1993-94, 1106, 1993-94, 1,12,557, 1994-95, 2,84,023, 1994-95.12.2, 1991-92, 1993-94, 1994-95, 1996, 1106 of 1996, 1101/1996, 1993-94, yr.1993-94, 1106/1997, 1994-95, 1022/1997, yr.1994-95, 1994-95, 1054/1996, 1993-94, 1022/1997, 1994-95, 1101/1996, 1993-94, 1993-94, 1,25,000 per month, 1st April, 1992 to, Nov., 1993, 10th Oct., 1991, November, 1991, a few days, 10th Oct., 1991, 1,50,000 per month, a few days, March, 1993, 1993-94, the period from 1st April, 1992 to 9th Nov., 1992, 10th Oct., 1991, 1,25,000 per month, November, 1991, a few days, 10th Oct., 1991, March, 1993, Oct., 1991, a few days, the year, 1st April, 1992 to, Nov., 1992, 1992-93, 1993-94, an earlier year, a subsequent year, 1994, 1996, 1995, 1992-93, 1992-93, the assessment year, 1993-94, 1986, 1986, 10th Oct., 1991, a few days, November, 1991, the period 1st April, 1992 to 9th Nov., 1992, 1992-93, 1992-93, 1993-94, 1993-94, 1992-93, 1992-93, 1993-94, 1993-94, monthly, 1993-94.25, 1993-94, 1993-94, 1993-94, monthly, monthly, Section 37(1, yr.1993-94, 1101, 1106/97, 1022/1997, 1994-95, 1992-93, 1st April, 1992 to, Nov., 1992, the period 1st April, 1993 to 31st March, 1994, the whole year, 1994-95, annual, 1993-94, 1994-95, the period 1st, April, 1993 to 31st March, 1994, 1994-95, the year, 1993-94, 1994-95, 1106/1997, 1022/1997, 1994-95, 1106/1997, 1022/1997, yr.1994-95, 29th March, 1997, the previous year 1992-93, 1993-94, the year, 31st March, 1993, April, 1994, 1992-93, 1st April, 1992 to, Nov., 1992, 1993-94, 1st April, 1993, the whole year, 10,98,992, 1st April, 1993, 31st March, 1994, the assessment year, 1966, April, 1994, 1994-95, 31st March, 1994, the period of one year, yr.1994-95, yr.1994-95, 1968, 1994-95, Section 37(1, Section 37(1, 1101/1997, yr.1994-95, 1992-93, 1992-93, 1993-94, 1994-95, 1994-95, 1994-95, 1994-95, 31st., March, 1993, 1994-95, 1st April, 1993, 31st March, 1991, 33, 51,19,66,997, 31st March, 1994, 1992-93, all these assessment years, 1992-93, 1993-94, 1994-95, 1994-95, 1994-95, yr.1994-95, 1994-95, 1994-95, 1992-93, the year, yr.1994-95, 1993-94, 1994-95, 1994-95, 1992-93

PERSON: Patiala, Patiala, Patiala, Patiala, Patiala, Authorised Representative, Chandigarh Bench, Berger Paints, Authorised Representative, Authorised Representative, purposes.10, Authorised Representative, Hotel Savera, Authorised Representative, asst yr, Lordships, Lordships, Authorised Representative, Authorised Representative, Authorised Representative, Authorised Representative, Birla Santatikosh, Authorised Representative, Berry v. CIT, Authorised Representative, Authorised Representative, Godavari Devi, Authorised Representative, Authorised Representative, Nos, asst, Nos, Jind, Jind, Jind, Authorised Representative, Authorised Representative, Lordships, Sardar Kehar Singh v., Lordships, Lordships, Lordships, Authorised Representative, Kar, Kar, Lordships, Sohan Singh v., Lordships, CTT, Lordships, Lordships, Lordships, Authorised Representative, Authorised Representative, Authorised Representative, Shri Devinder, Singh, Jind, J.K. Woollen Manufacturers, Raja Ram, Bhaigava v. CIT, Smt, Sita Chaudhary, S. Kannan, Authorised Representative, Lordships, S. Krishna Rao, Nos

ORDINAL: 4th, 4th, 31st, 95,14,207, First, First, Third, 9th, 10th, 9th, First, firstly, 9th, 9th, first, secondly

PRODUCT: yr.1994-95.2, Bench

MONEY: 75 per cent, 10 per cent, only 10 per cent, 1.8 per cent, 50 per cent, 75 per cent, 50 per cent, 50 per cent, 50 per cent, 5 per cent, 20 per cent, 20 per cent, 1.28 per cent, only 1.28 per cent, just 1.28 per cent

FAC: Kila Zaffaragarh, Kila Zaffaragarh

NORP: Steelis