Finalisation - Year 1997 - Judgments

Jun 12 1997 (TRI)

income-tax Officer Vs. Gayatri Coal Supply Co.

Court: Income Tax Appellate Tribunal ITAT Patna

Decided on: Jun-12-1997

Reported in: (1997)63ITD237(Pat.)

..... was delayed and therefore accounts of the firm could only be finalised in february 1990 and sent for auditing we have in ..... take a different and opposite view in this case that non finalisation of accounts is a reasonable cause and thereby exonerate this ..... assessee only when the accounts of the earlier assessment year are finalised and soon thereafter if the accounts of the impugned assessment year .....

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Jul 08 1997 (SC)

i.K. Sukhija and ors. Vs. Union of India (Uoi) and ors.

Court: Supreme Court of India

Decided on: Jul-08-1997

Reported in: AIR1997SC2714; 1998(2)BLJR1464; JT1997(6)SC201; 1997(4)SCALE640; (1997)6SCC406; [1997]Supp1SCR627; 1999(1)SLJ88(SC); 1997(2)LC312(SC)

..... fixed subsequently 3 a provisional seniority list of assistant engineers was prepared in 1986 and finalised in 1987 it was challenged before the bombay bench of the central administrative tribunal ..... promotions of the appellants were made as the construction activity had increased considerably and pending finalisation of the recruitment rules they could not have been regularly promoted they had also .....

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Jul 29 1997 (TRI)

Tony Electronics Ltd. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Jul-29-1997

Reported in: (1997)63ITD41(Delhi)

..... irrespective of procurement including freight insurance customs duty etc it was submitted that since without finalisation of accounts the amount of technical know how royalty were not capable of being ascertained ..... 1988 in time but for the period ending 31st march 1989 there was delay till finalisation of accounts according to the learned authorised representative the concern and diligence of the .....

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Jul 29 1997 (HC)

Tony Electronics Ltd. Vs. Asstt. Commissioner of Income Tax

Court: Delhi

Decided on: Jul-29-1997

Reported in: (1998)62TTJ(Del)351

..... reasonable cause in delayed deduction and deposit of tax inasmuch as there was delay in finalising of accounts the commissioner of income tax appeals rejected both the submissions the assessed ..... irrespective of procurement including freight insurance custom duty etc it was submitted that since without finalisation of accounts the amount of technical know how royalty were not capable of being .....

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Feb 26 1997 (TRI)

Deputy Commissioner of Income Tax Vs. Machino Techno Sales (P) Ltd.

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Feb-26-1997

Reported in: (1997)62ITD225(Kol.)

..... are inter linked therefore the delay in getting the statutory audit finalised has to be necessarily considered as reasonable cause for the ..... s 44ab and therefore the delay in getting the statutory audit finalised has to be necessarily considered as reasonable cause for the ..... it is subject to change if any on the basis of finalised statutory report unless the statutory report under the companies act .....

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Feb 26 1997 (HC)

Deputy Commissioner of Income Tax Vs. Machino Techno Sales (P) Ltd.

Court: Kolkata

Decided on: Feb-26-1997

Reported in: (1997)59TTJ(Cal)214

..... are inter linked therefore the delay in getting the statutory audit finalised has to be necessarily considered as reasonable cause for the ..... s 44ab and therefore the delay in getting the statutory audit finalised has to be necessarily considered as reasonable cause for the ..... it is subject to change if any on the basis of finalised statutory report unless the statutory report under the companies act .....

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Jul 29 1997 (HC)

Sri Devi Prasad Steels Pvt. Ltd. Vs. A.P.S.F.C. Ltd. Hyd.

Court: Andhra Pradesh

Decided on: Jul-29-1997

Reported in: 1998(3)ALD169; 1998(1)ALT154; [1998]94CompCas837(AP)

..... to the petitioner company as soon as the sale transaction was finalised the respondent corporation had no justification to retain the excess ..... had an obligation to pay the same as soon as they finalised the sale with purchaser the respondent corporation could not stipulate ..... and payable to the petitioner no sooner the sale transaction was finalised and amounts received the same was liable to be paid .....

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Jan 30 1997 (TRI)

Tejinder Singh Makkar Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Mumbai

Decided on: Jan-30-1997

Reported in: (1998)229ITR82(Mum.)

..... ao had also examined thoroughly the books of accounts before finalising the assessment in support of this contention reliance was also ..... had clearly recorded that all the relevant details necessary for finalising the assessment were furnished and it was therefore incorrect on ..... that once relevant details were filed and the ao before finalising the assessment had carried out relevant enquiries it would .....

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Oct 27 1997 (HC)

Midas Rubber Pvt. Ltd. Vs. Commissioner of Income-tax

Court: Kerala

Decided on: Oct-27-1997

Reported in: [1998]232ITR824(Ker)

..... order under section 3 4 of the income tax act andthereafter finalise the assessment of income pursuant thereto the asses see filed ..... income tax officer had no authority to deny such change while finalising the assessment for the year 1982 83 the tribunal did ..... necessary figures were obtained in making such calculation in order to finalise an assessment under the companies profits surtax act 1964 it is .....

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Dec 09 1997 (TRI)

Duncans Agro Industries Ltd. Vs. Cce

Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Decided on: Dec-09-1997

Reported in: (1998)(75)LC646Tri(Delhi)

..... dispute regarding valuation it appears that the assistant collector issued show cause notice for finalisation of provisional assessments for the entire period and the matters are pending with different ..... to raising various contentions including the contention that since the dispute regarding valuation and finalisation of assessments for the entire period including the period covered by the show cause .....

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