Current - Judgment Search Results

Mrs. C. M. Rebello Vs. Second Income-tax Officer.

Court : Income Tax Appellate Tribunal ITAT

Reported in : (1990)33ITD624(Bang.)

..... for any other reason the advance tax computed on the estimated current income exceeds the advance tax liability as per the statement ..... paid under self assessment but in case the liability on the current income exceeds the aforesaid liability by more than one third of ..... tax arises only when the advance tax computed on the estimated current income exceeds the advance tax liability as per the statement of .....

inspecting Assistant Vs. Barmalt India (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1991)36ITD269(Delhi)

..... that section 216 would get attracted whenever any assessee estimates his current income instead of sending the statement of income based on ..... which require filing of an estimate in the event of the current year s income exceeding the statement by a particular percentage ..... exercises this option of filing the lower estimate of his current income he has clearly by passed the provisions contained in .....

Wealth-tax Officer Vs. Smt. N. theivajothi Ammal

Court : Income Tax Appellate Tribunal ITAT Madras

Reported in : (1991)38ITD533(Mad.)

..... held as under it is admitted by the assessee that the amount in question namely current account balance represents accumulated undrawn profit this amount constitutes the assets of the partners and ..... the capitalinclusing share of profit shall be credited tothat may be adjusted shall their respective current be treated as loan deposits account and such amountwhich shall bear interst shall carry such .....

K.G. Khosla Compressors Ltd. Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (1990)34ITD174(Delhi)

..... relates to interest disallowed under section 40a 8 paid on the current account of the directors the counsel for the assessee submitted that ..... ltd supra had by a majority view held that interest on current account of the directors would be very much the same as ..... normally the banks do not allow any payment of interest on the current accounts to any customers but it levies charges on the customers .....

American Trucking Ass'ns Vs. Smith

Court : US Supreme Court

..... 544 1969 the retrospective invalidation of a state tax that had been lawful under then current precedents of this court threatens a similar disruption of governmental operations therefore our refusal here ..... court has no more constitutional authority in civil cases than in criminal cases to disregard current law or to treat similarly situated litigants differently in both adherence to legal principle .....

Uco Bank Vs. Hem Chandra Sarkar

Court : Supreme Court of India

Reported in : AIR1990SC1329; [1991]70CompCas119(SC); JT1990(3)SC369; (1990)98PLR307; 1990(1)SCALE784; (1990)3SCC389; [1990]2SCR709; 1990(2)LC147(SC); (1990)2UPLBEC807

..... customer there was no special relationship created either by opening the current account or storing the goods meant for delivery to the ..... was drawn primarily from the debit entries in the plaintiff s current account reference was made to collection of bills remittances to ..... of storing the goods and debiting the same to the current account even without cheques from the plaintiff these acts according .....

income-tax Officer Vs. Gujarat Tea Processors and

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1990)35ITD510(Ahd.)

..... various directors and shareholders which according to the assessee are current accounts he therefore urged that the disallowance made by the ..... of interest allowed to the directors and shareholders on their current accounts therefore the only question which remains to be considered ..... which in accounting terms involves a series of transactions in current accounts moneys are paid or withdrawn in cash or .....

Daga and Co. (P.) Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Reported in : [1997]227ITR480(Cal)

..... in full those two orders make a distinction between deposits and current accounts such distinction cannot be made to restrict to the ..... such account by no stretch of imagination can be taken as current account we have minutely gone through the copies of the ..... indicate that these accounts of the directors and their associates were current business accounts of the company with its business associates in .....

income-tax Officer Vs. Delwada Investment (P.) Ltd.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (1991)36ITD322(Ahd.)

..... assessee in his computation reduced the income tax calculated on estimated current income by income tax which would be deductible at source during ..... at source when interest income is included in the estimate of current income the income tax which was liable to be deducted ..... had not taken into account interest income in the estimate of current income the matter would have been different if the payer .....

The American Refrigerator Company Ltd. Vs. the Pimpri Chinchwad Munici ...

Court : Mumbai

Reported in : (1991)93BOMLR352

..... been permitted by the municipal council to keep an account current under section 142 form 5 which is so prescribed requires ..... of the importer who has been allowed to keep an account current accordingly the petitioners have been filing declarations under form 5 ..... a similar provision authorising the municipality to permit an account current of octroi duty payable by an importer instead of recovering .....