Kerala Court March 1999 Judgments
Browse smarter
Open an 18-section brief on any judgment
Structured AI Brief in seconds on any result - plus Semantic Search when you need meaning, not just keywords.
- AI Brief & Ask
- Semantic AI Search
- Devil's Bench
Credentials emailed - log in to pick up where you left off.
Sankaranarayanan, P.i. Vs. Spices Board and anr.
Court: Kerala
Decided on: Mar-01-1999
Reported in: (1999)IILLJ592Ker
Ar. Lakshmanan, J. 1. The Original Petition, O.P.152 of 1999, was filed by the petitioner Sri P.I. Sankaranarayanan, against the Spices Board to quash Ext.P2 order dated July 21, 1998 of the Chairman of the Spices Board and Ext.P4 order dated December 2, 1998 passed by the Government of India, Ministry of Commerce. Since both the Original Petition and the writ appeal raise common questions and are filed by the same petitioner/appellant against the very same respondents, both matters were taken together for final disposal by consent of both parties.2. Disciplinary proceedings under Regulation 10 of the Spices Board Services (Classification, Control and Appeal) Regulations was instituted against the petitioner as per Memo dated November 6, 1996. The charges levelled against him in brief is that on his reporting for duty on February 20, 1991 at tbe Regional Office of the Board at Saklespur, Karnataka, he proceeded on leave with effect from February 21, 1991 and thereafter he neither repor...
Commissioner of Income Tax Vs. South Indian Bank Ltd.
Court: Kerala
Decided on: Mar-01-1999
Reported in: (1999)153CTR(Ker)563
P.A. MOHAMMED, J.: 1. These IT reference cases are coming up before this Court at the instance of the Revenue under s. 256(2) of the IT Act, 1961 (for short 'the Act'). The question referred to for decision is as follows : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in cancelling the rectification order of the AO ?" 2. The assessee is the South Indian Bank Ltd., Trichur, which is a 'Scheduled Bank' and assessment years in question are 1979-80 and 1980-81. In view of the provisions contained in the Banking Regulation Act, 1949, the assessee is required to buy and sell securities to maintain the requisite ratio. During the above assessment years the assessee sold Government securities ex-interest and received a sum of Rs. 5,70,740 and Rs. 4,75,294 respectively with respect to the broken period interest upto the date of sale. During the same years the assessee purchased Government securities cum-interest and paid interest on the broken period...
- ‹ Prev
- 1
- 2
- Next ›