Andhra Pradesh Court March 1987 Judgments
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Commissioner of Income-tax Vs. Andhra Pradesh Riding Club
Court: Andhra Pradesh
Decided on: Mar-03-1987
Reported in: [1987]168ITR393(AP)
K. Ramaswamy, J. 1. The assessee is the Andhra Pradesh Riding Club registered under the Societies Registration Act. Article 2 of the articles of the club postulates its object thus : 'The object of the Club is to promote and popularise riding, mounted sports, racing and polo, and to train its members 'especially' the student members, in the art of horsemanship.' 2. Article 3 provides for membership and empowers the managing committee to admit desirable persons of either sex to ordinary membership as well as bona fide students of any educational or vocational or technical institution to student membership. Article 5 authorises that the club shall maintain a school of equestrian games with well-qualified riding instructors to impart instruction in riding. Article 6 provides that the school shall conduct riding classes twice a week, and attendance at these shall be compulsory for student members, at least once a week. Article 20 gives power to the managing committee to reject any applicat...
P. Nagalingam Vs. Commissioner of Income-tax
Court: Andhra Pradesh
Decided on: Mar-03-1987
Reported in: (1987)63CTR(AP)258; [1987]166ITR845(AP)
M.N. Rao, J.1. At the instance of the assessee, the following question was referred by the Income-tax Appellate Tribunal for the opinion of this court under section 256(1) of Income-tax Act, 1961 : 'Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the income arising to the assessee from his share in the partnership firm, M/s. Pabbati Nagalingam, was liable to be included in the individual assessment of the assessee in accordance with the provisions of section 64(2) of the Income-tax Act, 1961?' 2. The relevant assessment year is 1976-77. The assessee, Sri Nagalingam, is a partner of the firm, M/s. Pabbati Nagalingam, in which he holds 90% share and the remaining 10% is held by Smt. V. Jayalaxmi. A sum, of Rs. 30,000 was debited to the personal account of Sri Nagalingam and he converted the same into an asset of the joint family consisting of himself, his wife and his minor son by means of a declaration dated June 19, 1975. Th...
Padmasarathy Cylinders and Forgings (P) Ltd., Bangalore Vs. Andhra Pra ...
Court: Andhra Pradesh
Decided on: Mar-03-1987
Reported in: AIR1988AP33
ORDER1. On 15-3-1983 P. Parthasarathy, then a Member of our Parliament approached the Andhra Pradesh Industrial Development Corporation Ltd., Hyderabad with a request for financial help to set up an P.C. Cylinder ., which was, by then under incorporation. In that letter the first respondent informed the writ petitioner (then under incorporation) that the Board of Directors of the first respondent had decided to sanction a term loan of Rs.24.14 lakhs under the I.D.B.I. refinance Scheme on the terms and conditions mentioned in the annexure to that letter. Among the terms and conditions mentioned in the annexure to that letter, we need to refer only to conditions Nos. 6, 10, : 11-A, 11-B, 13 to 16, 18 to 20,22 to 25,27 and 1,8 which the first respondent now says, had not been fulfilled by the petitioner even to his day. The present allegation of non-fulfillment by the first respondent against the petitioner extends to Conditions Nos. 1 to A 6,9 to 11, 13,15,28,30,31,33 to36,38 and 39 also...
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