Acit (inv.) Vs. P.N. Writer and Co.

Decided On : Aug-06-2004

Court : Income Tax Appellate Tribunal ITAT Mumbai

LAW: Section 80, Section 80, Section 80, Section 80, Section 80, Section 80, Section 80-O, Section 80, Section 80-O. (ii, Section 80-O., Section 80, Section 80, ITR 99, Section 80, Section 80-O. Three, Section 80, Section 80, Section 2, Section 80-O, Section 80, Section 80-O., Section 85C, Section 80, Section 80, Section 85C, Section 80, Section 80, Section 80, Section 80, Section 80, Section 80, Section 80, Section 80, Section 80-O., Section '80, Section 2(2)(iii, Indian Contract Act, Section 28, Section 80, Section 85-C, Section 85C, Section 80-O., Section 80-O, Section 80, Section 80-O.18, Section 80, Section 80, Section 80, Section 80, Section 80, Section 80-O.20, Section 80-O. Be, Section 80-O., Section 80, Section 80-O. (ii, Section 80, Section 80, Section 80, Section 80-O., Section 80-O., Section 80, Section 80-O. Mere, Section 80, Section 80, Section 80, Section 80-O., Section 80, Section 80, Section 80, Section 202 of the Sea Customs Act, the Finance Act, Section 80-O. What Section 80, Section 80-O.31, Section 80, Section 80HHC, Section 80, ITR 99, Section 80, Section 80, Section 80, the Explanation to Section 80, Section 80, Section 80-O., Section 80, Section 80, the Explanation to Section 80, Section 80, the Explanation to Section 80, the Explanation (ii, Section 80-O.The, Section 80, Section 80, Section 80-O, Section 80-O., Section 80, Section 80, Section 80, Section 80-O., Section 80, Section 80, Section 80, Section 80, Section 80, Section 37(2A, Section 40A(3, Section 40A(3

CARDINAL: 1, 93.2, 1, 1, 206, 4, 1, two, one, three, 29,53,150/-, 1,05,46,937/-, 242, 426, 81, 206, 132, 175, 523, 240, 773, 776, 195, 231, 233, 263, 266, one, 1, 9, four, 10, 2, 340, 36, 164, 11, 118, 187, 102, 3(v, 12, 175, 1, 13, 185, 178, 195, one, 14, 5, one, 1, three, one, two, three, 1532, 59, 699, 710, 1226, 1961.Deduction, 31.3.1968.The, 4P, 72, 175, 118, 195, 203, 947, 231, 1298, 1., 2., 3., 4., 188, four, one, one, one, four, One, Two, Three, Four, two, one, two, three, 175, 132, two, one, one, 258, 29, 206, 204, 1977.30, 195, 34, 188, 266, 3, 606, 4, 55, 77, 512, 266, 1, 2, 2, 40, two, two, 2.5, 3, 2.6, 1.1.1974, 68 to 70, 23,350/-, 42, 2, two, one, two, One, 1, 2, 3, 3, 4, 46, 3, 9.1, 2.16, 47, 4, 29,72,351/-, 110, 114, 34,047, 48, 262, 535, 5, 29, 5, 29, 51, 14, 29, 15, 7, 8, 15, 14, 14, 15, 15, 14, 29, 29, 14, 14, 29, 15, 5, 6, 6, 6.5.1991, 54, 7, 58, 11.99, 8, 20,412/-, 20,412/-, 9, 66, 14,900/-, 9, 10, 10, 191, 10

ORG: XLIII, CIT, Lallubhai &amp, Non-Indians, AO, CIT v., International Clearing and Shipping Agency, ITR, the Hon'ble Supreme Court, Cochin Shipping Co., ESI Corporation, SC, CIT, Jeevanlal Laloobhai &amp, CBDT, ITR, the High Court, Petron Engineering Construction, CBDT, ITR, SC).6, FIDI, the Tribunal in Tristar Consultants, ITA No, CIT, Continental Construction Ltd., CIT, SC, CBDT, Oberoi Hotels, SC, Doda &amp, Co., ITR 271, SC, CIT, Gujarat Aluminum Extrusions P Ltd., ITR, Berger Paints Ltd., CIT, SC, Department, Department, State, the Reserve Bank of India, Currie v. Commissioners of, LJ, Times, Legislature, Commissioners, ITR, the Ministry of Finance, the Ministry of Finance, the Central Board of Direct Taxes, Board, Board, Board, Petron Engineering Construction, CBDT, ITR, SC, the Hon'ble Supreme Court, Finance, The Hon'ble Court, Continental Construction Ltd., CIT, ITR, the Hon'ble Supreme Court, Continental Construction Co., SC, Black's Law Dictionary - Seventh Edition, The Law Lexicon', CIT, SC, Black's Law Lexicon, Currie v. Commissioners of, the Bar Council, State, the Bar Council, State, the Inland Revenue Service, Board's Circular No, Board's Circular No, Board, Circular, J K (Bombay) Limited v.CBDT, ITR, Continental Construction v., SC, Godrej Boyce Manufacturing Co. Ltd., CCIT, ITR, the Hon'ble Supreme Court, CBDT, Oberoi Hotels Ltd., SC, the Circular of the Board, Vender', the Government of a, State, HMT Ltd., CBDT, ITR, the Hon'ble Court, the Nigerian Government, the Nigerian Government, the Government of a foreign State of a foreign, Clause 5 of the Deed of Partnership, Bills, RELOCATIONS, AO, AO, State, the Bar Council, Medical Council, the Government of a foreign State, the Government of a foreign State, State, ITR, SC, the Hon'ble Supreme Court, Eastman Consultants, CBDT, ITR, the Hon'ble Supreme Court, Cochin Shipping Co., ESI Corporation, AIR 1993 SC 252, the Cochin Custom House, The Supreme Court, AIR 1993 SC, CIT, the Hon'ble Court, CIT, Lallubhai Nagardas, ITR, the Hon'ble Supreme Court, Continental Construction Co., CIT, SC, The Hon'ble Court, Hon'ble Court, The High Court, Continental Construction, Continental Construction, the Hon'ble Supreme Court, Continental Construction, the Government of a foreign State, Continental Construction, the Hon'ble Supreme Court, HMT Ltd., CBDT, ITR, the Hon'ble Supreme Court, IPCA, CIT, ITR 521, SC, The Hon'ble Court, Novopan India Ltd., Union of India v. Wood Papers Ltd., the Hon'ble Court, State, CIT, Indian Overseas Bank, CIT, SC, the Hon'ble Court, Court, the Hon'ble Supreme Court, Petron Engineering, Department, Berger Paints Ltd., CIT, SC, Department, Departmental, Berger Paints, Department, Assessing, the Government of a foreign State, AO, Hindustan Diamond Co. Ltd., Roche Products Ltd., AO, Rupee, Indian Bank, AO, RBI, RBI, 30,585/- &amp, AO, the Government of a foreign State, State, RBI, AO, Department, Rule 46A, AO, AO, AO, AO, AO, Profit &, FE, FE, AO, CIT, Asian Cables Corporation, Chase Manhattan Bank, Chase Manhattan Bank, Chase Manhattan Bank, Bank, Bank, Bank, Bank, Bank, Court, 22.8.1991, Court, Court, Court, Bank, the Hon'ble Court, the High Court, AO, the Hon'ble High Court, Bank, Bank, the Hon'ble Court, Admissibility of Depreciation, M/s GS Steers &amp, AO, AO, AO, AO, AO, AO, AO, AO, AO, AO, P &amp, L Account, Profit &, AO, AO, AO, AO, AO, AO, Godavari Sugar Mills Ltd., CIT, ITR, AO

GPE: Mumbai, India, Co., India, India, India, India, India, India, India, India, India, India, India, Co., India, India, London, India, India, India, India, India, India, India, India, India, India, India, India, India, assessee, L.R., Delhi, Delhi, India, India, Delhi, India, India, India, India, India, India, India, India, India, India, India, India, India, India, it.21, India, India, India, India, India, India, India, India, apposite.36, Mumbai, India, India, India, India, India, India, India, Assessee, India, India, India, assessee, India, India, India, Mumbai, New York, New York, New York, Assessee

DATE: 1992, 1961, 1961, the previous year, 1992-93, previous year, 1961, 30.3.1998, 5^th November, 2003, 2857, a period of, six months, the previous year, six months, 1961, 36, 1921, 23rd December, 1975, 1976, 1961, 1372, 2002, 1961, 1531, 1966, 1961, 1961, 1966, 1971, 23.12.1975, 18^th January 1979, previous year, 1948, 1993, 1976, 1994, 1990, 35, subsequent years, years, subsequent years, earlier years, 71 to 83, 1961, 1962, 4, 5.2.1992, the assessment year, the previous year, preceding previous year, ' 62, the previous year, the preceding year, the previous year, the previous year, 13,700/-

PERSON: Ground Nos, Arati Vissanji, Vissanji, R. Jayalakshmi, Scrutton, P. Ramanatha Aiyer's, Y.V. Chandrachud, P. Ramanatha Aiyer's, Law Lexicon, Law Lexicon, Manmohan Das, Currie, Karn, Petron Engg, Petron Engg, Licence, Jeevanlal Lallubhai, Vissanji, consideration.33, Vissanji, Karn.).35, Supp, Veeraswami Nainar, Vissanji, Loss Account, Ground Nos.3, Shri Sudhir Desai, 22.8.1991, Rs, Rs, 22.8.1991, Madras, Loss Account, Delhi Tyres, Sources".69

NORP: Indians, Indian, Indians, Indian, Indian, Indian, LXXVI-61, Indian, Nigerian, Nigerian, Indian, Indian, Indian, Indian, Indian, Indian, Indian, Indian, Indian, Indian, Indian

MONEY: fifty per cent, 96,000 US $

PRODUCT: 312, Circular, 312, pro-forma

ORDINAL: first, First, Thirdly, first, first, first, second, third, Secondly, second

WORK_OF_ART: Profession

EVENT: Black's Law Dictionary

FAC: Departmental, Departmental, Ground No, Madras, CIT(A).63

PERCENT: 25%, 25%, 25%, 25%, 1,53,897 @ 25%, 1,66,878 @ 25%, 6,972 @ 25%, 10%, 10%

LOC: Madras