Kerala Court September 1973 Judgments
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Hindustan Construction Company Limited Vs. All India Hindustan Constru ...
Court: Kerala
Decided on: Sep-07-1973
Reported in: (1974)IILLJ212Ker
George Vadakkel, J.1. The petitioner, the Hindustan Construction Company Ltd., (hereinafter referred as the company), is a public limited company carrying on construction work of Cement Concrete Gravity Dams for irrigation and hydro-electric projects, barrages for river valley projects, etc. The company is engaged in several kinds of works in different parts of India amongst which arc the Idikki and Cheruthoni Dams in the Kerala State. It has about 4,600 employees in connection with Idikki and Cheruthoni Dam Works. It is averred in the petition that throughout India the company has about 25,000 employees.2. The Federation of All India Hindustan Construction Workers' Union (for brief the Federation), a trade union of the employees of the company, on 2-4-1972 made certain demands, viz., (i) bonus for the year 1970-71; (ii) 40% wage/salary rise, with 10% interim relief; (iii) gratuity; (iv) yearly leave and travelling expenses; and (v) rest day wages at all branches. The first demand rela...
Commissioner of Income-tax Vs. Lakshmi Lines Ltd.
Court: Kerala
Decided on: Sep-03-1973
Reported in: [1976]102ITR196(Ker)
George Vadakkel, J.1. The Income-tax Appellate Tribunal, Cochin Bench, has referred the following question under Section 256(1) of the Income-tax Act 1961 (for brief 'the Act'):'Whether, on the facts and in the circumstances of the case, and having regard to the provisions of Section 10(15)(iv)(c) of the Income-tax Act, 1961, the Tribunal is correct in holding that payment of interest of Rs. 10,346 by the assessee to the non-resident company, M/s. Avers and Arlt, Bremmen, Netherlands, for unpaid purchase money of the ship was an allowable deduction under Section 37(1) of the Income-tax Act, 1961 ?'2. One Alagusundaram Chettiar purchased a ship by name 'Hugo Arlt' from M/s. Avers and Arlt, Bremmen, Netherlands. The purchase was with the approval of the Government of India. Alagusundaram Chettiar, thereafter, renamed the ship as 'M. V. Dhanalakshmi'. He had agreed to pay the purchase price to the non-resident vendor in instalments with interest on the unpaid purchase consideration at 6% ...
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