Fixed Assets - Judgment Search Results

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

Court: Karnataka

..... was mentioned on the basis of the invoices pertaining to those fixed assets and the entries in the fixed assets register the said invoices and the fixed assets register for the years 1994 95 and 1995 96 pertaining ..... ltd and river way agro farms ltd he did not verify the documents relating to fixed assets of the companies the company followed mercantile method of accounting the nature of business of .....

Premier Automobiles Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

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

..... taken into account the entire price paid to the assessee by dividing it between fixed assets and current assets on the basis of valuation report iii the contention of the authorised representative that ..... taken into account the entire price paid to the assessee by dividing it between fixed assets and current assets on the basis of valuation report iii the contention of the authorised representative .....

Essar Steel Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2005)97TTJ(Ahd.)985

..... respect of forward exchange contracts related to liabilities in foreign currency incurred for acquisition of fixed assets 15 any profit or loss arising on cancellation or renewal of a forward exchange contract ..... renewal of a foreign exchange contract should be adjusted in the cost of the respective fixed assets since in the case of the present assessee forward contracts relating to foreign loan .....

Core Health Care Ltd. Vs. Deputy Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

..... interest paid on the borrowings utilised to bring into existence a fixed asset which has not gone into production goes to add to ..... of borrowing costs para 20 of the as 10 accounting for fixed assets suggests that financing costs relating to deferred credit or to borrowed ..... such borrowed money can be capitalised to the cost of the fixed assets created as a result of such expenditure the point canvassed .....

Canara Bank Limited Vs. Commissioner of Income-tax, Bangalore

Court: Karnataka

Reported in: ILR1962KAR270; [1963]47ITR529(KAR); [1963]47ITR529(Karn)

..... the respondents original contention that the debt was part of the fixed assets of the new firm and was never part of its ..... what is meant by the phrase capital asset is that this is an asset which represents fixed capital as opposed to circulating capital that ..... ltd v thurgood the determination whether a particular asset belongs to the category of fixed capital or to the category of circulating capital .....

Commissioner of Sales Tax Vs. Pec Vee Textile Ltd.

Court: Mumbai

Reported in: (2009)26VST281(Bom)

..... as a result identification of the finished products attributable to the newly acquired fixed assets was not possible and therefore the deputy commissioner was justified in determining the ..... books of account for identification of the finished products attributable to the newly acquired fixed assets the deputy commissioner was justified in incorporating the impugned conditions in the entitlement .....

Commissioner of Wealth-tax Vs. Man Industrial Corporation Ltd.

Court: Rajasthan

Reported in: [1980]123ITR298(Raj)

..... adequate depreciation could not be provided in the balance sheet in regard to the depreciable fixed assets on account of paucity of profits this fact alone was sufficient to displace the balance ..... industries 1970 75itr196 sc to establish after producing relevant material that the value of the fixed assets in the balance sheet is artificially inflated further in case the assessee wants the written .....

In Re: Mafatlal Industries Ltd.

Court: Gujarat

Reported in: [1995]84CompCas230(Guj)

..... value of the shares on historical cost basis market values of the fix assets and investments the break up value existing as on the effective ..... that the book value the realisable value of most of the fixed assets will be generally much more than that shown in the books ..... and circumstances of the case where the realisable value of the fixed assets is not suitable the book value is to be taken yield .....

Commissioner of Wealth-tax, Gujarat Vs. Raipur Manufacturing Company L ...

Court: Gujarat

Reported in: (1963)0GLR741

..... the difference between the written down value of the fixed assets as found in the income tax records and the value of the fixed assets as shown in the balance sheet this has been ..... depreciation written off or provided shall be allocated under the different asset heads and deducted in arriving at the value of fixed assets in view of these provisions the assessee appropriated rs 58 .....

Core Healthcare Limited Vs. Nirma Limited

Court: Gujarat

Reported in: [2007]138CompCas204(Guj); [2007]79SCL47(Guj)

..... secured creditors which included only those who have security over the fixed assets of the company and they were classified as class a lenders ..... or before the creditors according to them the book value of fixed assets is more than rs 699 crores as on 31st march ..... date principal amount payable to persons having first charge over the fixed asset would be more than rs 1300 crores while the total amount .....