Allahabad Court December 1985 Judgments
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Abbas Wazir (P.) Ltd. Vs. Inspecting Assistant
Court: Income Tax Appellate Tribunal ITAT Allahabad
Decided on: Dec-05-1985
Reported in: (1986)16ITD210(All.)
1. Since the above appeals relate to the same assessee and also involve a common contention, they are disposed of by this consolidated order, for the sake of convenience.2. The common issue in these appeals relates to the chargeability of income from interest to tax. The assessee, which, is a company, is engaged in the manufacture and export of carpets. The IAC, who had made the original assessment, had found that while the assessee had paid interest on its own borrowings, it had not charged any interest in the assessment years under appeal from its sister concerns, Carpet Traders and Bhadohi Cold Storage. It will be relevant to mention here that such interest had been charged on the advances made to Bhadohi Cold Storage in the assessment years 1975-76 to 1977-78. Such charge in these years amounted to Rs. 1,07,700. As stated, no such interest was charged in the two years under appeal either from Bhadohi Cold Storage or from Carpet Traders. The IAC was of the view that the interest ha...
State of U.P. and ors. Vs. Raj NaraIn Singh and anr.
Court: Allahabad
Decided on: Dec-05-1985
Reported in: AIR1986All321
N.D. Ojha, J. 1. This appeal has been preferred by the State of U. P., the Collector, Ballia and the Land Acquisition Officer, Ballia, against the judgment dt 25-9-1973 in Misc. Reference 3 of 1971 under Section 18 of the Land Acquisition Act. 2. Some land belonging to the claimant-respondent 1 was acquired under the Land Acquisition Act (hereinafter referred to as the Act). The relevant notification under Section 4 was issued on 4-11-1965. The notification under Section 6 was issued on 1-12-1965, and possession taken on 10-10-1966. Being dissatisfied with the amount of compensation awarded by the Land Acquisition Officer, the claimant-respondent prayed for a reference being made to the District Judge and reference No, 3 of 1971 mentioned above was made. Reliance before the District Judge was placed on behalf of the claimant-respondent on certain sale deeds as exemplars. The District Judge was of the view that the sale deed dt. 3-8-1965 executed by Badri Lal in favour of Smt. Sujan Kum...
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