Current - Judgment Search Results

Kaloomal Shorimal Sachdev Vs. First Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1985)14ITD248(Mum.)

..... accounts of the various directors coming over from the year 1971 onwards these were all current accounts showing entries for receipts and payments of money crediting of interest withdrawals for ..... borrowings nor deposits for the present purpose several judgments of the tribunal have held that current accounts do not constitute deposits the intention behind the legislation was to put restrictions on .....

Commissioner of Income-tax Vs. Vasan Publications P. Ltd. and anr.

Court: Chennai

Reported in: (1986)52CTR(Mad)354; [1986]159ITR381(Mad)

..... form intended for general circulation published regularly at short intervals and containing intelligence of current events of general interest it follows from this definition that if a publication contains ..... newspaper a medium of communication usually published daily or weekly by which information on current afairs opinion and entertaining features are circulated among the people it differs from .....

Glass Vs. Louisiana

Court: US Supreme Court

..... frequently is badly burned and disfigured 25 the violence of killing prisoners through electrical current is frequently explained away by the assumption that death in these circumstances is instantaneous ..... v resweber supra at 464 moreover commentators and medical experts have urged that other currently available means of execution particularly some forms of lethal gas and fast acting barbituates .....

Bank of India Vs. Karnam Ranga Rao and ors.

Court: Karnataka

Reported in: [1988]64CompCas477(Kar)

..... interest on agricultural advances by this circular the reserve bank has reiterated that interest on current dues in respect of agricultural advances should not be compounded and it has accordingly directly ..... usual fixed intervals like monthly quarterly and half yearly banks should not compound interest on current dues banks should not also charge interest with monthly quarterly or half yearly rests .....

Calicut Modern Spinning and Weaving Mills Ltd. Vs. Commissioner of Inc ...

Court: Kerala

Reported in: (1985)47CTR(Ker)145; [1985]153ITR810(Ker)

..... year or years shall be deemed to be part of that allowance for the current year the current year s net assessable income will be arrived at after affording depreciation allowance ordinarily ..... at page 958 it is stated as follows where there are claims for absorption of current depreciation unabsorbed depreciation carried forward business loss and unabsorbed development rebate the order of precedence .....

Piramal Sons (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1986)19ITD219(Mum.)

..... piramal and miss archana m piramal were in the nature of current accounts the interest paid on these accounts will not attract the ..... appeals that on the interest paid to the two directors on their current accounts the provisions of section 40a 8 will not be applicable ..... section 40a 8 will therefore not be applicable to the so called current accounts of the two directors mrs vijaya m piramal and miss .....

Siemens (India) Ltd. and ors. Vs. Collector of Central Excise and

Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in: (1986)(25)ELT821TriDel

..... makes it clear the term refers to adjustments in the account current maintained with the collector under rule 9 this latter rule ..... contemplates payment of duty in cash or through on account current maintained with the collector in the physical control situation the ..... pay the deficiency by making the debit entry in the account current whatever else may follow but certainly it does not follow .....

Boyd Smiths (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1985)13ITD610(Kol.)

..... the accounts which the aforesaid persons had with the assessee company cannot be characterised as current account as the amounts deposited in these accounts earned interest however answer to the question ..... whether these accounts are current accounts or not cannot conclusively go to show whether the deposits in question on .....

Commissioner of Income-tax Vs. Mrs. Maya B. Ramchand

Court: Mumbai

Reported in: (1986)53CTR(Bom)66; [1986]162ITR460(Bom); [1986]25TAXMAN232(Bom)

..... the assessee and the company and the steel industries were mutual current accounts and that very often it was the assessee who ..... march 31 1957 to be the previous year the assessee s current account in the company showed that there had been continuous ..... s ordinary accounting year the tribunal scrutinized the copies of the current accounts of the assessee with the company and the steel industries .....

Indian National theatre Trust Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1985)13ITD588(Delhi)

..... have readily agreed that the said deposit was made out of the current year s income the same result is achieved by treating this ..... trust by treating that deposit as the deposit made out of the current year s income for the purpose of accumulation when the effect ..... the grindlays bank was not regarded as accumulation of income out of current year s income then that amount should be added to the income .....