Madras Industrial Linings Ltd. Vs. Income-tax Officer.

Decided On : Feb-23-1990

Court : Chennai

LAW: section 263, article 3 of the, article 3.02, article 3.02 sub-para 2, article 4, article 5, Article 6, article 7.03, article 8, article 9, article 10, article 10.02, article 12, article 15, article 3, article 3, section 263, Article 2.01, Article 2.02, Article 3 of the, Article 4, Article 5, Article 5.025.02, Article 5.02, Article 6.01, Article 1.04, Article 1.04, Article 6.01.'Article 7, Article 7.02', Article 15.01, Article 15.01, Article 15.01, Article 3, Article 3 :The minimum Commercial Production, Article 3, this Licensing Agreement, section 263, section 263

PERSON: D. S. Meenakshisundaram, Madras, Shri Santhanakrishnan, Shri Santhanakrishnan, Articles 5.03, Shri Santhanakrishnan, Shri Santhanakrishnan, Triveni Engg, Shri V. P. Thiagi, Shri Thiagi, Works Ltd.s, Ltd.s, Shri Santhanakrishna, LICENSEE, LICENSEE, Appendix A. Other, LICENSEE, LICENSEE, LICENSEE, LICENSEE, LICENSEE, LICENSEE, LICENSEE, Licensee, LICENSEE, LICENSEE, LICENSEE, LICENSEE, LICENSEE, Licensee, Licensee, LICENSEE, LICENSEE, LICENSEE, LICENSEE, LICENSEE, Articles 3 to 17, Articles, Articles

ORG: Judicial, the Commissioner of Income-tax, M/s. Environmental Elements Corporation, Tribunal, M/s. Enviornmental Elements Corporation, EEC, EEC, EEC, EEC, EEC, EEC, EEC, EEC, EEC, EEC, EEC, Air Cleaning Systems - Wet Scrubber Technology.5, Empire Jute Co. Ltd., CIT, CIT, Works Ltd., CIT, Shriram Refrigeration Industries Ltd., CIT, M. R. Electronic Components Ltd., CIT, CIT v. Brakes India Ltd., CIT, Sundaram Clayton Ltd., and8, Frick India Ltd., ITO, the Supreme Court, Scientific Engg, House, CIT, Thiagi, the Supreme Court, CIT, M. R. Electronic Components, the Supreme Court, Co. Ltd., CIT, Madras Rubber Factory Ltd., EEC, Air Cleaning Systems, Wet Scrubber Technology, EEC, Initial Engineering Fee, Initial Engineering Fee3.01, the Licensing Agreement, Package of TECHNICAL INFORMATION, ENVIRONMENTALELEMENTS, the Government of India.2, EEC, the Licensed Products, TRANSFER OF TECHNICAL, the Government of India, the Government of India, the Term of Agreement, AGREEMENT, Secrecy and Exchange, EEC, the TECHNICAL INFORMATION, the TECHNICAL INFORMATION.7.02 During the TERM OF AGREEMENT, LICENSEE PRODUCTS, the Licensor EEC, LICENSED, Technical Standards, LICENSED, LICENSED, LICENSED, License, EEC, Air Pollution Control System, Agreement, EEC, EEC, EEC, Air Pollution Control Equipments, Air Pollution Control Equipment, the Supreme Court, Alembic Chemical Works Co. Ltd., CIT, Penicillin, U. S. $, the Supreme Court, Lordships, Lordships, CIT, Ciba of India Ltd., CIT, Associated Cement Companies Ltd., the Supreme Court, Empire Jute Co. Ltd., CIT, the High Court, the Supreme Court, the Supreme Court, CIT, CIT, the Supreme Court

NORP: Tamilnadu, Indian, Established

DATE: 1961, the assessment year 1982-83, the previous year ended, 1970, 28-8-1981, years 1980-81 and 1982-83, 1983, 21-10-1977, thirty (30) days, thirty (30) days, thirty (30) days, 45) days, 6) months, five year, First year, Second year, Fourth year, 1968]69ITR692(SC, 1970, '11, this year

CARDINAL: 18, 31-3-1982, 29, 1,13,611, 27-10-1977, 27-10-1977, three, 1,13,611, 5, 5.04, 14, 5, 6.01, 7.02, one, 1980]124ITR1(SC, 2, 1978]112ITR328(Mad, 3, 1982]136ITR340(Delhi, 4, 1981]127ITR746(Delhi, 5, 1982]136ITR305(Mad, 6, 1982]136ITR322(Mad, 7, 1982]136ITR315(Mad, 3, 1986]157ITR86(SC, 1987]166ITR66(SC, 1983]144ITR678(Mad, 1,13,611, 3.0, three, One-third, One-third, One-third, 5.0, forty-five, six, 5.03, 5, 14, 6.01, 6.04, 6.04, 15.01, 21, 1-6-1978, 1-6-1978, 2,700,000, 4 to 18.9.6, 1989]177ITR377(SC, 2,39,625, 390, 391, 392, 1988]172ITR257(SC, 1980]124ITR1(SC, 78, 1,13,611, 1,13,611

GPE: USA, USA, US, US, India, Delhi, Elecon Engg, Triveni Engg, Elecon Engg, India, United States, India

ORDINAL: second, second, first, second, second, second, first, first, third, Fifth

MONEY: 37,500, 10,000 dollars, 10,000, 6.04, 37,500.00, 5.04, 50,000

PERCENT: 3%, 5%

PRODUCT: Agreement, Agreement, Agreement, Agreement

FAC: Wet Scrubber