Current Liabilities - Judgment Search Results

Premier Automobiles Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2003)84ITD169(Mum.)

..... fixtures plant amp machinery intellectual property benefits of contracts trained labour force current assets current liabilities and that this business was capable of manufacturing 50 to 60 thousand ..... 6th jan 1995 stipulates separate sale consideration for immovable assets movable assets current assets and current liabilities the assessee received rs 210 crores towards the value of immovable and .....

Coromandel Fertilisers Limited Vs. Dy. Commissioner of Income-tax

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (2004)90ITD344(Hyd.)

..... specified in paragraph 4 below 4 0 net current assets shall mean current assets less current liabilities and provisions as specified hereinafter 4 1 current assets shall include inter alia raw materials ..... 30 1990 details of all the aforesaid contract b net current assets means current assets as hereinafter defined less current liabilities and provisions as hereinafter defined the value of both of .....

J.K. Industries Ltd. and anr. Vs. Union of India (Uoi) and ors.

Court: Supreme Court of India

Reported in: [2008]143CompCas325(SC); (2008)5CompLJ369(SC); (2007)213CTR(SC)301; [2008]297ITR176(SC); 2007(13)SCALE204; [2007]80SCL283(SC); 2007AIRSCW7443

..... outstanding for more than 30 days are to be disclosed current liabilities andprovisions a current liabilities profit and loss account show here the debit balanceof profit ..... accrual accrual basis of accounting accrued asset accrued expense accrued liability accrued revenue current assets current liabilities deferred expenditure depreciation provision prudence etc are explained and defined .....

Addl. Commissioner of Income-tax, Delhi-i Vs. Minerals and Metals Trad ...

Court: Delhi

Reported in: (1981)25CTR(Del)228; [1982]134ITR78(Delhi)

..... companies act that an item which is displayed in the balance sheet under the heading current liabilities and provisions would not constitute a reserve similarly it clarifies that an item displayed against ..... form of balance sheet once thereforee an item is recognised to fall under the headings current liabilities or provisions or is one of the stipulated items referable to the heading reserves and .....

J. Jayalalitha and Others Vs. State, By the Superintendent of Police, ...

Court: Karnataka

..... pharmaceuticals ltd are not before the court the details of current liabilities of m s indo doha chemicals and pharmaceuticals ltd as ..... of rs 45 00 000 is shown under the head current liabilities with respect to the deposit from spic southern petro chemical ..... creating a reasonable belief that circumstance absolving him from criminal liability may have existed is lower than the burden resting upon .....

M/S. Sanghu Chakra Hotels Pvt. Ltd. and anr. Vs. Union of India and an ...

Court: Delhi

..... were not stated in the balance sheet as at 31st march 2001 under the head current liabilities it is obvious that the share purchase agreement by clause 2 seeks to compare the ..... company reflected on the last fao os 72 2009 page 9 balance sheet that constitute current liabilities of the company under the accounting principles used to prepare the last balance sheet xxxxxx .....

In Re: G.V. Films Ltd.

Court: Chennai

Reported in: [2009]150CompCas415(Mad)

..... 339649845 282776105 advance for filmproduction 6892919 351575321 279568881 567451340 current liabilities provisions current liabilities sundry creditors 8294219 10030008 other liabilities advances 39955686 39094883 dues to directors 3485860 51735765 3458660 ..... ltd leaving the demerged company with no fixed assets at all the current liabilities of the company which stood at rs 8 04 05 572 remains .....

The Aluminium Corporation of India Ltd. and anr. Vs. Lakshmi Ratan Cot ...

Court: Allahabad

Reported in: AIR1970All452; [1969]39CompCas23(All)

..... not unreasonably that if any particular properties are charged with payment of any current liabilities these liabilities although current could be set off in equity against properties which are charged with their ..... is still commercially solvent although stock in trade cannot be easily used to liquidate current liabilities as ready cash or bank balances yet it could quite properly fall within the .....

South Eastern Coalfields Ltd. Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (2003)260ITR1(Nag.)

..... as payable on account of interest on pension fund under the current liabilities in the relevant balance sheet was disallowed by the ao ..... the same being evident from the letters received from cil the liability was correctly and completely ascertained and quantified prior to the ..... contended that in the present case there was no actual liability in praesenti during the relevant previous year and as the .....

South Eastern Coalfields Ltd. Vs. Jt. Cit

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (2002)77TTJ(Nag.)401

..... 569 87 lakhs shown as payable on account of interest on pension fund under the current liabilities in the relevant balance sheet was disallowed by the assessing officer and addition to that ..... finalisation of accounts and the same being evident from the letters received from cil the liability was correctly and completely ascertained and quantified prior to the date of finalisation of accounts .....