Malwa Cotton Spinning Mills Vs. Asstt. Cit

Decided On : Dec-10-2003

Court : Income Tax Appellate Tribunal ITAT Chandigarh

LAW: section 36(1)(iii, Income Tax Act, ITR 13, section 36(1)(iii, section 36(1)(iii, section 36(1)(iii, the Income Tax Act, section 80HHC, section 80HHC, the Income Tax Act, section 80HHC, section 80HHC, Income Tax Act, section 80HHC, section 36(1)(iii, section 80HHC, section 80HHC, section 36(1)(iii, the Income Tax Act, section 255(4, the Income Tax Act, section 36(1)(iii

CARDINAL: two, 1, 6, 2, 2,31,261, 28.24, three, 187, 2,31,261, 74, 723, 142, 528, 28.24, 25.50, 26, 2.50, 24,000, 18.42, 134, 219, 190, 196, one, 25.50, 18.42, 242, 193, 118, 200, 737, 916/93.It, 28.24, 25.50, 26, one, 18.42, 18.42, 31-3-1992, 18.42, 20.21, 0.18, 6.06, 10.49, 3.48, 21.65, 8.97, 0.28, 31-3-1992.It, 10.5, 31-12-1969, 27, 31-12-1969, 6,769, 31-3-1992, 25.5, three, 2,31,261, 2, 3, 65,859, 2,364, 378, 63,117, 54, 68,859, 63,117, 68,859, two, 2,364, 378, two, 2,742, 63,117, 227, 446, 4, 11,184, 6DD, 11,184, 6DD(j, two, 11,184, 6DD(j, 46A, 46A, 11,184, 116, three, 45-47, 6DD(j, 23,09,143, 38,38,237, 87, 542, 97, 90, 28-8-2002, 264, 36, 37, 36, 245, 237, 105, 2, 7,40,950, 29, 14, 1, two, 14, 2.1, two, two, 7,40,950, 2, 2,31,261, 29, 14, 2, 5, 296.25, 59, 7,40,950, 2,31,261, 25.50, 26, 2.50, 39.5, 31-3-1992, 44.87, 31-3-1992, 0.28, 28, 18.42, 0.28, 18.42, 1-10-1991, 30-11-1991, 134, 190, 196, 2.5, 30-11-1991, 2.5, 25.50, 26, 31-12-1969, 1,39,412, 18,05,000, 14,63,593, 31-12-1969, 6,769, 27, 6,769, 12-12-1969, 1,39,412, 18,05,000, 14,63,593, 31-12-1969, 27, 1,39,412, 27, 27,00,000, 25.50, 26, 18.42, 28, 44.87, 18.42, 28, 15-12-1969, 27, 249, 683, 16-10-1991, 4, 25.50, 2,31,261, 2,31,261, 134, 2,31,261, 134, 2,31,261, 28.24, three, 2,31,261.In, 7,40,950, 4, 10, 7,40,950, three, 2,31,261, 7,40,950, 134, 135, 147, 190, 224, 193, 238, two, 8.1, 14, 4(a, 15, 9,50, 10.00, 4, 12, 9.00, 15.00, 4, 9.50, 10, two, two, 28.24, 30-6-1992, 3.3, 5, 28.24, 10.5, 25.50, 10.5, 26, 20.21, 0, 18, 20.39, 44.87, 0.28, 44.59, 44.59, 20.39, 10.5, 28.24, 31-3-1992, 4,445.62, 3,691.63, 753.99, 28.24, 18,05,000, 14,63,593, 31-12-1969, 6,769, 6,769, only one, 632, 28,488, 18.42, 25.50, 26, 10. 5, 28.24, 28.24, 1,97,616, 70, only one, 18.42, 10.5, 6,08,408, 2,46,252, 3.02, 4,445, 31-3-1992, 18.42, 10.5, 28.24, 2,31,261, 14, 2, three, 28.24, 30-6, two, 31-3-1991, 1,003.20, 357.37, 1,360.57, two, three, three, 14, 7,40,950

ORG: Oswal Palms Ltd., CIT, H.R. Sugar Factory, P) Ltd., Commissioner (Appeals, CIT, Bombay Samachar Ltd., D &, H Secheron Electrodes, CIT, CC, Honble Allahabad High Court, CC, CC, Reliance, CIT, The High Court, British Paints, CIT, The High Court, Tribunal, CC, Commissioner (Appeals, Reliance, Triputi Trading Co., CIT, Malwa Chemtex Udyog Ltd., ITA No, CC, Tribunal, andS.A. Builders Ltd., Asstt, CIT, Tribunal, Madhav Prasad Jatia v., CIT, SC, Asstt, CIT, ITA Nos, CC, Oswal Palms Ltd., CC, Indian Bank, CC, CC, CC, CC, CC, CC, Woolcombers of India Ltd., The High Court, British Paints, Woolcombers of India Ltd., Oswal Palms Ltd., Oswal Palms Ltd., Oswal Palms Ltd., Triputi Trading Co., CIT, Calcutta High Court, Tribunal, Malwa Chemtex Udyog Ltd., S.A. Builders Ltd., ESI, Government, Hunsur Plywood Works Ltd., CIT, ITD 394, Tribunal, the Central Board of Trustees of the Provident Fund, P) Ltd. v. Union of India, Holiday Travel, Before Commissioner (Appeals, Coimbatore, Income Tax Rules, Income Tax Rules, Coimbatore, Coimbatore, Identity of Indian Airlines, Commissioner (Appeals, CST, State, CST, CST, Supreme Court, Chowringhee Sales Bureau, CIT, SC, Sinclair Murray &amp, Co., CIT, SC, CST, CST, State, Government, CST, CST, Government, CST, SC, CST, misc.receipt, Tribunal, Honble Bombay High Court, CIT, Sudarshan Chemicals Industries Ltd., Tribunal, Asstt, CIT, ITA Nos, Shri Dinesh Mills Ltd., Asstt, CIT, Learned Departmental Representative, Tribunal, Bombay High Court, Sudarshan Chemical Industries Ltd., CST, CST, State, CST, Allied Industries, Oswal Foods Ltd., Oswal Palms Ltd., Oswal Palms Ltd., Allied Industries, Oswal Foods Ltd., IM, ITA No, Tribunal, Learned Departmental Representative, Oswal Palms Ltd., Allied Industries, Oswal Foods Ltd., Oswal Palms Ltd., Tribunal, Tribunal, Oswal Palms Ltd., Commissioner (Appeals, Allied Industries, Oswal Foods Ltd., Punjab Woolcombers Ltd., CST, CST, Bench, Bench, Punjab Woolcombers Ltd., ITA No, Bench, Allied Industries, the Commissioner (Appeals, the Commissioner (Appeals, M/s.Oswal Wools Ltd., Manipur Vanaspati &, Allied Industries, Oswal Wools, The Commissioner (Appeals, Karnataka High Court, CIT, the Honble High Court, Commissioner (Appeals, M/s.Oswal Palms Ltd., CC, Indian Bank, M/s. Oswal Palms Ltd., M/s. Oswal Palms Ltd., CC, Indian Bank, Woolcombers of India Ltd., CIT, British Paints, CIT, CC, CC, Lordships, Appellate, Tribunal, Appellate, the Honble High Court, the Honble High Court, Lordships, British Paints, CC, CC, British Paints, CC, Felloves-Gordon v. IRC 19, the Indian Bank, Woolcombers India Ltd., CIT, Chandigarh Bench, Tribunal, Woolcombers India Ltd., CIT, Tribunal, M/s. Oswal Oil Palms Ltd., Manipur Vanaspati &, Allied Industries, Oswal Oil Palms Ltd., Allied Industries, M/s. Oswal Foods Ltd., M/s. Oswal Palms Ltd., the Commissioner (Appeals, Tribunal, Woolcombers of India Ltd., CIT, Reckitt &, Colman of, India Ltd., CIT, ITR, Indian Explosives Ltd., CIT, British Paints, CIT, the Hon'ble Supreme Court, East India Pharmaceutical Works Ltd., CIT, SC, the Hon'ble Apex Court, Departmental Representative, the Commissioner (Appeals, Indian Metals &, Ferro Alloys Ltd., CIT, ITR, Orissa, K. Somasundaram Brothers, CIT, Departmental Representative, Manipur Vanaspati &, Allied Industries, M/s. Oswal Foods Ltd., Departmental Representative, M/s. Oswal Foods Ltd., Allied Industries Ltd., Manipur Vanaspati &, Allied Industries Ltd., Oswal Foods Ltd., OFL, Industrial Finance Corporation, IFCI, IFCI, Manipur Vanaspati &, Allied Industries Ltd., Oswal Foods Ltd., OFL, Industrial Finance Corporation, IFCI, IFCI, IFCI, M/s. Oswal Palms Ltd., Tribunal, CC, M/s. Oswal Palms Ltd., Woolcombers of India Ltd., CIT, M/s. Oswal Palms Ltd., Woolcombers of India Ltd., CIT, CC, CC, Reckitt &, Colman of, India Ltd., CIT, Indian Explosives Ltd., CIT, British Paints, CIT, Woolcombers of India Ltd., supra).The Honble Supreme Court, East India Pharmaceutical Works Ltd., CIT, the Honble Supreme Court, Calcutta High Court, Woolcombers of India, The Honble Supreme Court, the High Court, The Honble Supreme Court, the Honble Supreme Court, the High Court, the High Court, the Honble Apex Court, the Commissioner (Appeals, CC, CC, Departmental Representative, Indian Metals &, Ferro Alloys Ltd., CIT, the Honble High Court, Tribunal, CC, Departmental Representative, the Honble Orissa High Court, Departmental Representative, K. Somasundaram &amp, CIT, Tribunal, Tribunal, Tribunal, Punjab Woolcombers Ltd., Asstt, CIT, Manipur Vanaspati &, Allied Industries Ltd, M/s. Oswal Foods Ltd., M/s. Oswal Palms Ltd., Tribunal, Departmental Representative, the Commissioner (Appeals, Manipur Vanaspati &, Allied Industries Ltd., M/s. Oswal Foods Ltd., Departmental Representative, M/s. Oswal Palms

DATE: 1991, 1969, 1983, 14-11-1991, 21-3-1992, 26-10-1991, 14-11-1991, the year, 1982, the relevant year, the relevant year, 1991, the previous year, the year, 26-10-1991, the year, 2000, year 1992-93, 1052-1053, years 1989-90, 1990-91, 1979, 14-11-1991, the year, financial year ending, the year, 26-10-1991, the year, seven months, 12-12-1969, just few days, a few days, the year ended on, the year ending, 26-10-1991, 26-10-1991, just a few days, the accounting year end, 15-7-1992, 1995, 5 days, 5 days, 24-10-1973, five days, 15 days + 5 days, 20 days, 20 days, 1997, 23-11-1991, year 1991-92, year 1993-94, 1973, 1974, year 1991-92, 2000, year 1988-89, 1999, earlier assessment year, earlier year, year 1992-93, 1058/1996, year 1993-94, the year, the earlier year, earlier year, year 1992-93, year 1993-94, the year, year 1992-93, earlier year, earlier year, earlier year, subsequent year, subsequent year, earlier year, the subsequent year, earlier year 1992-93, year 1992-93, the year, year 1992-93, year 1992-93, years 1992-93, 1993-94, 7,40,950, year 1993-94, the assessment year 1992-93, year 1993-94, year 1993-94, the assessment year 1993-94, the year, the year, the year ending 31-3-1990, 1991, the earlier years, the year, the earlier years, the assessment year, the year, year 1992-93, the assessment year 1992-93, year 1993-94.I, the assessment year 1993-94, year 1992-93, year 1992-93, year 1993-94, the latter year, year 1992-93, 14-11-1991, the year, 1982, 1991, 14-11-1991, 12-12-1969, a few days, 15-12-1969, the relevant year, the relevant year, the accounting year, the year, the end of accounting year, 15-12-1969, the whole year, year 1992-93.I, year 1993-94, years 1992-93, 1993-94, 1982, 1961, years 1992-93, 1993-94, 1982, the assessment year 1992-93, year 1993-94, the assessment year 1993-94, these two years, the years, year 1992-93, year 1993-94, the years, 1982, 1982, 1983, 1990, 1997, the years, 1992, 1999, earlier years, year 1993-94, year 1990-91, year 1991-92, the year, year 1992-93, year 1992-93, the year, the year, the year, 7 months, 26-10-1991, a period of 7 months, the year, a period of 7 months, year 1992-93, the year, the year, the first 7 months, the year, the preceding year, the year, 15-12-1969, the relevant year, the current year, the year, the year, the relevant year, the relevant year, the current years, the year, the year, the year, the year, the year, 7 months, year 1978-79, year 1979-80.The, the previous year, year 1978-79, the current year, the assessment year 1992-93, year 1993-94, year 1993-94, earlier years, subsequent years, the assessment year 1993-94, earlier years, years 1991-92 and 1992-93, year 1992-93, year 1992-93, year 1993-94, the next year, the financial year 1990-91, years 1991-92 and 1992-93, the year ended on, the year ending 31-3-1991, year 1990-91, year 1991, year 1992-93, year 1992-93, years, earlier years, those earlier years, year 1993-94, the years

GPE: ITA Nos, Hitech, India, Delhi, pp, ST, ST, ST, ST, ST, ST, ST, ST, ST, ITA Nos, ST, ST, ST, ST, ST, ST, Ludhiana, India, DD, Bros.

PERSON: V. K. Const, Madhav Prasad Jatia v., Shri Beri, Rajesh Beri, A.P. Nijhawan, S. Gupta, misc, Freeman Measures, Manipur Vanaspati, Manipur Vanaspati, Punjab Woolcombers, Manipur Vanaspati, Manipur Vanaspati, Manipur Vanaspati, Sridev Enterprises, Kar, Lordships, Nadimuthu Pillai 8, Manipur Vanaspati, P.K. Bansal, Shri Vimal Gandhi, Manipur Vanaspati, Rs, Rs, Punjab Woolcombers

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

PRODUCT: P17, 196, 344, ITR 939

WORK_OF_ART: Holidays Travels, Ground No. 8, Woolcombers, Shown in Sch

MONEY: 90 per cent, 12.3 per cent

NORP: Woolcombers, Woolcombers, Woolcombers, Woolcombers, Woolcombers, Hon'ble, Hon'ble

EVENT: Woolcombers

LANGUAGE: English

TIME: 9-12-2003.The