Avoidable Consequences - Judgment Search Results

Neroth Oil Mills Company Limited Vs. Commissioner of Income-tax

Court: Kerala

Reported in: (1987)62CTR(Ker)33; [1987]166ITR418(Ker)

..... a raman 6 co 1968 67itr11 sc and similar observations made elsewhere the evil consequences of tax avoidance are manifold in our view the proper way to construe a taxingstatute while considering ..... of the doctrine and its evil consequences and is regarded as totally inapplicable to salvage ingenious schemes containing composite transactions devised with a view to tax avoidance or tax deferment 15 in .....

Hodel Vs. Irving

Court: US Supreme Court

..... effected by 207 although that memorandum identified three ways in which indian landowners could avoid the consequences of 207 it is not reasonable to assume that appellees decedents who died on ..... footnote 2 18 a statute which denies the affected party a reasonable opportunity to avoid the consequences of noncompliance may work an injustice similar to that of invalid retroactive legislation in .....

P. Ramachandra Reddiar and P. Arjuna Reddiar Vs. Commissioner of Incom ...

Court: Kerala

Reported in: [1993]200ITR161(Ker)

..... 1968 67itr11 sc and similar observations made elsewhere the evil consequences of tax avoidance are manifold 18 see also the decision of this ..... firm was transferred to the respective spouses was inadequate and consequently section 64 1 iii of the income tax act 1961 ..... intent that whatever be the device adopted by the assessee the consequences of the statutory provisions must follow in all cases where .....

Simon Carves India Ltd. Vs. Collector of Central Excise

Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in: (1987)(13)ECC286

..... read as if its language were different in order to avoid a consequence which appeared to be preposterous v air 1975 sc 1492 ..... particulars stipulated in rule 10 would vitiate the notice itself and consequently the proceeding in adjudication following the issue of the said ..... the notice dated 19 6 1980 was fundamentally defective and consequently the order of adjudication should be set aside on that .....

income-tax Officer Vs. Samir Builders

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1987)23ITD570(Ahd.)

..... ourselves from the observations of shah j and similar observations made elsewhere the evil consequences of tax avoidance are manifold first there is substantial loss of much needed public revenue particularly in ..... unreal and not prohibited by the statute but whether the transaction is a device to avoid tax and whether the transaction is such that the judicial process may accord its approval .....

Cir Vs. Fink

Court: US Supreme Court

..... losses to ordinary losses by voluntarily surrendering their shares before the corporation fails thereby avoiding the consequences of the rule requiring capital loss treatment for stock that becomes worthless similarly ..... by voluntarily surrendering their shares before the corporation fails in this way shareholders might avoid the consequences of 26 u s c 165 g 1 which provides for capital loss .....

Sandoz (India) Ltd. and anr. Vs. Union of India

Court: Mumbai

Reported in: 1987(3)BomCR437

..... 15 or 16 the shelter of these paras is sought to avoid the consequence of non compliance with paras 10 and 11 as is the ..... had been once exercised the shelter of these paras is sought to avoid the consequence of non compliance with paras 10 and 11 as is the ..... make the end product legislation in character the end product is a consequence of the application of the legislation to a particular case it was .....

B. Subba Rao Vs. Inspecting Assistant Commissioner of Income-tax

Court: Andhra Pradesh

Reported in: (1987)63CTR(AP)287; [1987]167ITR757(AP)

..... injustice may result in several cases and that we should with a view to avoid such a consequence be prepared to do violence to the language in the statute and so construe ..... doing some violence to the language the idea behind the said rule is to avoid manifestly absurd consequences we are however unable to see any room for applying the said theory herein .....

State Bank of Bikaner and Jaipur and anr. Vs. S.K. Sen Gupta and ors.

Court: Rajasthan

Reported in: 1988(1)WLN420

..... by the bank and therefore nothing can be done to avoid the consequence of the petitioner becoming junior to the promotees who were ..... the bank be right in contending that this is the inevitable consequence of this regulation the extent to which they are an ..... for obtaining the same relief by filing further writ petitions 18 consequently the appeal is dismissed and the judgment of the learned single .....

R.S. JaIn Vs. R. Srinivasan

Court: Delhi

Reported in: 32(1987)DLT340

..... of those suits to the other forum to be tried by the same court with consequent avoidance of multiplicity in the trial of the same issues and the risk of conflicting decisions ..... two suits are somewhat similar and if both the suits are tried together it will avoid multiplicity and conflicting decisions learned counsel referred to the judgment of the supreme court in .....