Court : Mumbai
Reported in : (1993)112CTR(Bom)68; [1994]205ITR339(Bom)
..... the high court has held that it was a far cry to state that, though at the time of purchase of the machinery, no person met the cost either directly or indirectly, if, could be equated to a position that the financier met part of the cost of the asset to the assessee. .....
Tag this Judgment!Court : Mumbai
Reported in : (1931)33BOMLR556
..... , and the point i am on now is whether the circular is misleading inasmuch as it would give a shareholder--and the cases show that in matters of this nature a shareholder must be taken to be an ordinary business man of ordinary intelligence, not an astute financier or on the other hand a person of deficient intellect--notice of the extent and the result of the proposed changes, and if we are to follow kekewich j's judgment in normandy v. ..... edward murray ind, one of the directors, and in those circumstances, the company not being in a good financial position, kekewich j. .....
Tag this Judgment!Court : Mumbai
Reported in : [1937]5ITR210(Bom)
..... 24 : but the finding of fact of the income-tax officer is that although the assessee carries on business as a financier and money-lender, the transaction in question had no connection with any such business. ..... 6 of the act and set off against the income of the assessee under any other head, for the purposes of assessment for the financial year, 1933-34. .....
Tag this Judgment!Court : Mumbai
Reported in : 1982(1)BomCR513
..... according to the agreement, on default of any one instalment the financier had the right to terminate hire-purchase agreement even without notice and seized the truck. .....
Tag this Judgment!Court : Mumbai
Reported in : [1994]80CompCas384(Bom)
..... the petitioners have averred that the second respondent participated in the transaction only as financier and that they were not engaged in any manner as share, stock or security broker. ..... whilst it is not necessary that blank transfer forms be deposited for purposes of creating a pledge, most financial institutions insist on the share certificates with blank transfer forms being deposited. ..... whilst it is not necessary that blank transfer forms be deposited for purposes of creating a pledge, most financial institutions insist on the share certificates with blank transfer forms being deposited. .....
Tag this Judgment!Court : Mumbai
Reported in : II(2001)ACC364; AIR2001Bom327; 2001(3)ALLMR1; 2001(4)BomCR526
..... there is no dispute that msfc was only a financier. .....
Tag this Judgment!Court : Mumbai
Reported in : 2002(2)BomCR321; (2002)IIILLJ891Bom
..... bijoor had a close nexus with the financiers and customs officials and was personally involved in smuggling activities and is guilty of grave misconduct. ..... similarly after the deposition of shri suban, it is recorded as follows: 'to a question whether he knew any financier from visakhapatnam, he replied in the negative. .....
Tag this Judgment!Court : Mumbai
Reported in : 2002(3)ALLMR389; 2002(4)BomCR564
..... a court has passed an injunction restraining defendants from disposing of its assets the staff association of one of the defendants would have a right to enter the arena and contest the litigation on the ground that a certain financier will not advance a loan to the defendant unless his assets, i.e. .....
Tag this Judgment!Court : Mumbai
Reported in : (2004)87TTJ(Mumbai)183
..... paras ram rohira explained that these transactions were not recorded in his books of account because he was only a financial broker and lenders directly gave cheques to the borrowers. ..... shri paras ram rohira was acting as the financial broker for some of the kukreja enterprises. ..... the assessing officer also never made any enquiries regarding the cash loans from the parties from whom such loans were arranged by the financier shri paras ram rohira. ..... according to the assessee the work on this project commenced in april, 1990 and has been completed only during the financial year 1994-95. ..... subsequently, a search and seizure action was also conducted at the premises of paras ram rohira, a financial broker. ..... meters, total value and progress of the work financial yearwise. .....
Tag this Judgment!Court : Karnataka
Reported in : AIR1973Kant55; AIR1973Mys55; (1972)2MysLJ391
..... he submitted that the plaintiff made incorrect representations regarding his title to the vehicle and that one bothra who was the financier of the plaintiff had asked him to hold the vehicle on his behalf from 10-6-1960. .....
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