Parkar Securities Ltd. Vs. Deputy Commissioner of Income Tax

Decided On : May-19-2006

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

LAW: the Explanation to Section 73, Section 73, Section 73, Section 73, Section 28, Section 73, Explanation to Section 73, Section 73, Section 28, Section 73, Section 73, Section 2(13, Section 28, Section 29, Section 28, Section 71--Set off of loss, Section 72, Section 73, Section 73, Section 43(5, Section 43(5, Section 28, Section 73, Section 10(2A, Section 10(2A, Section 10(2A, the Explanation to Section 73, the Explanation to Section 73, The Circular No, Section 73, Explanation to Section 73 of the Act, Section 73(1, Section 2(13, Section 2(13, Section 73(1, Section 43(5, the IT Act, Section 73, Section 73(1, the Explanation to Section 73, Section 43(5, Section 73

CARDINAL: 1, 98.2, 36, 1, 20,38,775, 2., 2,44,330, 3., 4., 71,872, 2,87,487, 5., 1, 20,38,775, 2, two, 20,38,775, 82,250, 20,250, 62,000, 21,00,775, 7, 21,00,775, 4.25, 12.74, 85.89, 11, 84,09,230, 20,38,774, 62,000, 21,00,775, 4.25, 3.2, 3.3, 3.3, 3.4, 62,000, 82,250, 20,250, 62,000, 62,000, 3.5, 20,38,775, 3.6, 1,14,29,005.60, 85,89,857.32, 14,437.50, 159.20, 20,38,775, two, 3.7, two, 20,38,775, As many as 4, II, 2002.9, two, 20, 12,74,540, 11,62,100, 27, 3.6, 7.-, 1.0, 1063.86, 4.25, two, two, two, less than 10, two, 2, 2,000, 200, 10,000, 1., 61, 2, 3.6, 2.5, 36, 12, 120, 32 15685.30, 29, 34, 04, 43, 12, 45, 2038774.90, 03 211704.50, 118, 3013, 53751996/032, 19301996/037 3045, 541461996/052, 3029, 31751997/001, 23201997/002, 27581997/005, 9071997/005, 71291997/006 3045, 56891997/009, 175111997/011, 34,34,765, 119, 1063.35, 93.90, 1.14, 1063.35, 2, 30, one, one, 6,73,555__________________________________________________________________________________________1996-97, 9390230.70__________________________________________________________________________________________1998-99, 204, 19.2, 19.3, 103, 33, 62, 26, 154, 207, 298, 2, 15, 223, 139, 94, 263, 192, one, 204, two, one, 73, 1, 114, 559, 13,500, 13,500, 765, 16, 22, 28, 616, 8., 9, 91, 11, 12, 13, two, one, three, 3,01,785, 14, 15, 20,38,775, 1, 3, 6,20,841, 262, 263, 263, 10.30, 2, 2, 2-3, 2, 2

DATE: 19th Sept., 2000, 1997, the year, December, 1997, Jan., 2000, daily, preceding financial year, Current year of Rs, the preceding year, the financial year, the current financial year, daily, Jan., 2000, 12th Feb., 2000, Jan., 2000, 12th Feb., 2000, Jan., 2000, 12th Feb., 2000, Feb., 2000, 12th Feb., 2000, year ended 31st March, 1997, the year, years ending 31st March, 1995 to 31st March, the year, the year, 1996-97, 1,12,440, 1996-97, 1997-98, 1996-97, the year, the end of the year, the year, 12th Feb., 2000, Jan., 2000, 12th Feb., 2000, the accounting year 1996-97, 1997-98, this year, daily, daily, Feb., 2000, 12th Feb., 2000', 12th Feb., 2000, 3015, 3086, 3017, 1001997/003 3012, 220541997/004 3012, 3178, 3183, 3249, 192042 13, the year, the year, the end of the year, the year, 1961, 2002, the year, 24th July, 1976, an assessment year, year, that year, an assessment year, year, 1st April, 1977, 1977-78, 1992, 1992, 1987, 1985, each year, 1994, 2 to Section 28 and Section 73, the earlier assessment years, the earlier assessment years, the earlier years, 1980, 1983, 25, 1991, 1991, 24th July, 1976, the relevant years, the accounting year, 1975, 1st April, 1977, 1, 7th Eda, 2 to Section 28, any given year, Section 73(1, the vaida day, 1892, 1898, 1904, the end of the year, the preceding year, the proceeding year, 2004, 57, May, 2003, case.35

ORG: Counsel of, AO, Calcutta High Court, CIT v. Arvind Investment Ltd., Court, Court, HUF, AOP, Explanation, AO, Reliance, Calcutta High Court, CIT, Nirmal Kumar &, AO, AO, AO, Explanation, Nirmal Kumai &amp, Co., CIT, Pangal Vittal Nayak &amp, Co., P) Ltd., Counsel of the assessee, AO, xerox, xerox, Counsel of the assessee, National Stock Exchange, Counsel, AO, National Stock Exchange, Reliance, Reliance, AO, AO, Shri Dhiraj Manilal Thakkar, Parkar Securities Ltd., AO, AO, the Hon'ble Tribunal, Dipak Israni27-8-1996, Department, Department, Department, Hon'ble Supreme Court, Ors, CIT, Shreeji Investment 68551996/034 3013, Shreeji Investment, Sakari Stock Finance, Caplease 263661997/011 3017, AO, AO, the National Stock Exchange, CJT, CTR, Explanation, Courts, CIT, Sri Venkateswara Rice &amp, Oil Mills, CTR, AP, CIT, Kamani Tubes Ltd., CIT, Nirmal Kumar &amp, Co., PDO, Tribunal, ITO, ITO, ITO, ITO, ITO, ITO, CIT, CTR, AP, Tribunal, Rajputana Trading Co. Ltd., CIT, Counsel, Departmental Representative, AO, Calcutta High Court, CIT v. Arvind Investment Ltd., CTR, CIT v. Arvind Investment Ltd., CIT, Pangal Vittal Nayak &amp, Co., P) Ltd., Departmental Representative, AO, CIT(A).26, Departmental Representative, Counsel, Departmental Representative, AO, Explanation, the Taxation Laws (Amendment) Act, Karnataka High Court, Mysore Rolling Mills, CIT, Lordships, Learned Counsel, an English Court, Court, Bench, M/s Rallis India Ltd., the Andhra Pradesh High Court, Bench, Court, Bench, the Gujarat High Court, CIT, Gujarat High Court, Perosha Gursetji Parakh, ILR, Sassoon, ILR, Courts, Tribunal, xerox, AO, AO, AO, Hon'ble Supreme Court, Ors, CIT, AO, AO, Mysore Rolling Mills, CIT, AO, CIT, Oil Mills, Tribunal, Asstt, CIT, Subhash Chand Shorewalla, TTJ, Tribunal, the Hon'ble Delhi High Court, Bhagwan Dass Rameshwar Dayal, Hon'ble Court, Hon'ble Court, AO, AO, AO, Bhagwan Das Rameshwar Dayal, Reliance, Departmental Representative, SRJ Securities Ltd., Tribunal, CIT, ITA No, Departmental Representative, CIT v. Arvind Investment Ltd., Tribunal, Explanation, the Tribunal for the reason, Tribunal, CIT, Pangal Vittal Nayak &amp, Co., P) Ltd., AO, AO, AO, New York Stock Exchange, Office of TCAM TCS, Office of Security &, Exchange ASE, Chicago Option Exchange, Chicago Mercantile Exchange ASE___________________________________________________________________________Toronto -- Office of I.S.M. Wipro___________________________________________________________________________Calgary -- Alberta Stock Exchange, Singapore Stock Exchange, Hong Kong Stock Exchange Tandem, AO, AO, AO

GPE: Nasta, Assessee, assessee, Counsel, assessee, Counsel, N.A., value.14, Expln, Sections, assessee, Expln, Expln, Counsel, Kanga, Palkhivala, Expln, Pankaj, Oil Mills, assessee, assessee, assessee, Counsel, assessee, income.33, Arranged___________________________________________________________________________New York, HCLHP___________________________________________________________________________Hong Kong, Counsel

MONEY: 25 per cent, only 1,36 per cent, 19.1 Section 73, 10.00 a.m., 25 per cent, 75 per cent

ORDINAL: 6th, second

TIME: the working hours, working hours, 37 36535.10, 9.00 a.m., 2.00 p.m. to, 5.00 p.m., 9.30 a.m., 2.00 p.m., 9.30 a.m., 2.00 p.m., 09.30 a.m., 3.00 p.m. to 5.00 p.m. Pacific Stock Exchange Stratus___________________________________________________________________________Singapore

PERSON: FDR, Sauda, Sauda, Sauda, Sauda, Sauda, Particulars Amount Debit Particulars Amount_____________________________________________________________________________________________13-8-1996, Israni Trf, Israni Trf, Trf, Ankush Trf, Caplease Tej Finance19-3-1997, Trf, Ankush Trf, Shreelekha Banerjee, Kantaben Bhagirath, Kasmira R. Shah, Caplease 119751997/005 3197, Rs.____________________________________________________3012 Ankush Caplease 340500 Referring, Kar, Shah Pratapchand, Nawpaji, Lordships, Chandra Kumar, Tod v. Lakhmidas Purshotamdas, ILR, Manekji Dossabhai Watcha, Tokersey Jadhawjee, Sarangan, Sauda, Shreelekha Banerjee, S.C. Gupta, Shri Dhirajbhai

NORP: Dipik, Dipak, Dipak, Dipak

QUANTITY: 33 46485.80 Trf

FAC: Shreeji Investment29-1-1997

WORK_OF_ART: II

EVENT: N.A. Modi

PRODUCT: 756, CIT(A).40