Advancement - Judgment Search Results

Collector of C. Ex. Vs. Metal Box India Ltd.

Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in: (1989)(19)ECC91

..... the said deductions while computing the assessable value and reiterated the same grounds which were advanced before the authorities below from the adjudication order we find that the aforesaid rebate and ..... should not be included while arriving at the assessable value 16 as regards interest on advances shri s krishnamurthy learned sdr appearing for the department contended that the collector appeals .....

Birla Cotton Spinning and Weaving Mills Ltd. Vs. Commissioner of Incom ...

Court: Kolkata

Reported in: [1993]204ITR605(Cal)

..... interest in the present case with regard to the payment of advance tax mr bhattacharyya submits that under section 273a notwithstanding anything ..... shall be obliged to furnish the estimate and pay the advance tax accordingly such estimate would have to be furnished and ..... has power to extend the time for furnishing the estimate of advance tax and payment thereof but such extension should not be .....

Bowen Vs. Kendrick

Court: US Supreme Court

..... be given to religious organizations nor does the act necessarily have the effect of advancing religion because religiously affiliated afla grantees will be providing educational and counseling services to ..... the unprecedented degree of entanglement between church and state required to prevent subsidizing the advancement of religion with afla funds the majority s brief discussion of lemon s .....

J. K. Synthetics Ltd. Vs. Income-tax Officer, Central Circle-xviii, an ...

Court: Delhi

Reported in: (1988)73CTR(Del)1; [1988]174ITR167(Delhi); [1988]41TAXMAN250(Delhi)

..... by way of regular assessment by order in writing to pay advance tax determined in accordance with the provisions of sections 207 208 ..... making the regular assessment finds that the assessed has underestimated the advance tax payable by him he may under section 216 direct the ..... an assessed has sent an estimate or revised estimate of the advance tax payable by him but has not paid any installment or .....

Commissioner of Income-tax Vs. Hindusthan Sanitary Ware and Industries ...

Court: Kolkata

Reported in: [1989]180ITR21(Cal)

..... the payment of the first instalment and the second instalment of advance tax in identical circumstances the income tax officer charged interest ..... at the rate prescribed section 216 is attracted only if the advance tax happens to be understated by reason of circumstances other ..... compelled an assessee to reduce the first or second instalment of advance tax the income tax officer will have to find out .....

G.S. Atwal and Co. Engineers (Pvt.) Ltd. Vs. Hindustan Steel Works Con ...

Court: Kolkata

Reported in: AIR1989Cal184,[1991]71CompCas280(Cal)

..... used a standard form of performance guarantee for the purpose of issuing this mobilisation advance guarantee without striking out the unnecessary andinapplicable clauses contained therein as a result the ..... guarantee became a mobilisation advance cum performance guarantee contrary to the provisions of clause 3 11 of the contract .....

Darjeeling Dooars Plantations Ltd. Vs. Commissioner of Income-tax.

Court: Kolkata

Reported in: (1988)71CTR(Cal)10,[1988]174ITR37(Cal),[1988]40TAXMAN197(Cal)

..... its accounts the amount financed by the assessee as advance was described as advance for the purchase of shares in the textile mill ..... banking business but took steps for realisation of some outstanding advances made prior to the take over and utilised the amounts ..... assessment year concerned the assessee had realised some interest on advances but had incurred expenditure part of which was interest due .....

inspecting Assistant Vs. Punjab National Bank

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1989)28ITD41(Delhi)

..... representative pointed out that the supreme court has categorically pointed out that interest on sticky advances had accrued according to the mercantile system of accounting and the assessee had debited the ..... in the course of its banking business it used to charge interest on advances including interest on advances which had become extremely doubtful for recovery by debiting the concerned parties in .....

Borhat Tea Co. Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1989)28ITD166(Kol.)

..... it was found by the ito that the assessee did not file statement of advance tax nor paid advance tax during the relevant accounting year the ito initiated penalty proceedings against the ..... an obligation to do so the explanation given was that the mode and manner of advance tax calculation stipulated in section 209 indicated that the assessee can take into consideration the .....

Samir Diamonds Exports (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1988)25ITD73(Mum.)

..... the concerned bank for providing facilities under the packing credit scheme the concerned bank then advances amounts on the basis of export contracts entered into by the assessee with foreign ..... representative has placed reliance are not directly on the point whether expenditure on interest on advances in packing credit account was eligible for weighted deduction under sub clause viii of section .....