Kerala Court May 1989 Judgments
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Federal Bank Ltd. Vs. Commissioner of Income-tax
Court: Kerala
Decided on: May-23-1989
Reported in: [1989]180ITR37(Ker)
Paripoornan, J. 1. At the instance of the assessee, the Income-tax Appellate Tribunal has referred the following question of law for the decision of this court:'Whether the Income-tax Appellate Tribunal was right in holding that the interest levied on delayed payment of income-tax was not an item of expenditure allowable under Section 37(1) of the Income-tax Act, 1961 ?'2. The assessee is a banking company. The respondent is the Revenue. For the assessment year 1978-79 (year ending December 31, 1977), amongst others, the assessee claimed a sum of Rs. 28,308 as interest paid for delayed payment of income-tax due as deduction. The Income-taxOfficer rejected the claim. He held that the said interest is not an expenditure laid out wholly and exclusively for the purpose of the business. It was confirmed, in appeal, by the Commissioner of Income-tax (Appeals). In second appeal, the Appellate Tribunal held that the payment of interest by the assessee was not made in the character of a trader....
State Vs. Suku
Court: Kerala
Decided on: May-22-1989
Reported in: 1989CriLJ2401
K.G. Balakrishnan, J.1. The appellants in these three criminal appeals have been convicted by the Assistant Sessions Judge, Irinjakuda for the offence punishable under Sections 380,392, 451, 461 and 376(g) read with Section 34, I.P.C. Each of the accused has been sentenced to undergo rigorous imprisonment for a period of 10 years under Section 376(g), rigorous imprisonment for 3 years under Section 380, rigorous imprisonment for 4 years under Section 392, rigorous imprisonment for 2 years under Section 451 and rigorous imprisonment for one year under Section 461, I.P.C.2. Crl. Appeals Nos. 69 and 70 of 1987 have been filed from jail. Shri A. T. James appeared as a State Brief counsel on behalf of these two accused. Crl. Appeal No. 81 of 1981 is filed by the 3rd accused. The conviction and sentence entered against these accused is challenged.3. P. W. 1 George had been residing along with his wife and two children in a house situated by the side of a paddy field. There are no immediate n...
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