Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (2004)89ITD347(Kol.)
..... , chartered accounts (page 108 and 109 of the paper book), and which is addressed to the keventer, has determined the value of equity shares of keventer at nil as on 31-3-91 as per rule 11 of part-c of schedule-iii to the wealth-tax act, 1957 ..... on persual of transfer deeds (placed at pages 2 to 53 of assessee's supplementary paper book) in respect of sale of shares by the assessee-company, we find that the transfer deeds were executed by the purchasers in their favour as far as back on 3-6-92 and 30-6-92 though it is the assessee's case that the shares were sold on 6-7-92 ..... is also a make believe and arranged one inasmuch as on perusal of the report dated 21st may, 1992 (page 109a, b and c of the paper book) of s.r.batliboi consultants pvt. ..... counsel appearing for the assessee has invited our attention to the three volumes of paper books filed before us and as well as to the judicial decisions, copies of which are placed in the paper book.the ld. ..... 157 to 166 of assessee's paper book) when transfer deeds also with share certificates were also delivered by the assessee-company to the respective purchasers and it, therefore, goes to establish that all these are make believe and arranged affairs ..... and on perusing the paper book filed by the assessee we find that it is an admitted fact that the assessee had promoted the keventer as its 100% subsidiary company to carry ort the fruit juice business.there is no dispute that the ..... have carefully gone through the papers placed in the paper book. .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (1985)13ITD32(Kol.)
..... for the assessee, with reference to the copy of the agreement entered into by the bank with andhra pradesh state electricity board (pages 10 and 11 of the paper book 1), stated that the agreement which was executed on 14-2-1984 was effective till 31-3-1986 and the commission pertaining to the entire period amounted to rs ..... which the profit has been arrived at, can be found from the details of commission on foreign exchange and brokerage as per page 24 of the paper book as under :gross receipt 53,24,547.25add: loss on forward exchange contract the amount provided to the extent of rs. ..... . in this connection, reference was made to the particulars furnished on page 3 of the paper book 2, giving particulars of the bank guarantee commission refunded in the case of two ..... . we have also gone through the two paper books submitted by the assessee's learned counsel containing pages 1 to 39 and pages 1 to 30, respectively, as also the paper book submitted by the departmental representative (pages 1 to 32) at the time ..... been made in the earlier years as also in the subsequent years as per the details furnished at pages 13 and 50 in paper book 1, pertaining to the assessment years 1975-76 and 1977-78, respectively, and on page 18 of the paper book 2 for the assessment year 1978-79. ..... . our attention was drawn to page 11 of the paper book containing a copy of the guarantee contract entered into by the bank with the andhra pradesh state electricity board, wherein it was clearly mentioned that 'the .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (1992)41ITD475(Kol.)
..... the new partnership firm which came into existence on 22-10-1987 was also registered with the registrar of firms, as could be seen from the receipt at page 2 of the assessee's paper book as well as the intimation given by the said new partnership to indian overseas bank about the dissolution of the old firm and the formation of the new firm, which had taken over the liabilities ..... the learned counsel for the appellant had relied on the materials contained in the assessee's paper book and which i have referred to earlier while setting out the facts of the case. ..... said partnership was dissolved on 21-10-1987 and notice of dissolution of this partnership was also given to the registrar of firms as required by section 63(1) of the indian partnership act, 1932 on 18-1-1988 as could be seen from page 2 of the assessee's paper book. .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (1995)54ITD425(Kol.)
..... from the papers produced in the paper book it would appear, therefore, that there is no cost of acquisition, as such, for the export licence. ..... which is at page 28 of the paper book, we find that the council charges are related to the entitlement quantity. .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (1992)41ITD574(Kol.)
..... he referred to the following decisions in support of the assessee's claim that the receipt was not taxable under section 17(3)(i7): a paper book was also filed on behalf of the assessee containing the relevant documents, such as, the terms of appointment, correspondence, etc.8. ..... these are part of the paper book.14. .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (1993)44ITD540(Kol.)
..... taken for purposes of deciding whether they would be able to achieve the commercial production and produce the product for which the business was set up, namely, of speciality paper, they found that the entire effort had misfired and unless some additional plant was erected and also the capacity raised, the company was not able to continue the business of production ..... commencement of production sent by the assessee on 24-12-1985 to the development officer, plastic directorate, directorate general of technical development, udyog bhawan, new delhi, a copy of which appears at pages 52 to 54 of the assessee's paper book.in this letter, the assessee has stated that they had commenced trial production in the month of march 1985 and commercial production with effect from april 1985. ..... and from the details of the transactions with the party, at page 126 of the paper book that the assessee is having regular transactions with rk associates during the period from 2-1- ..... poddar relied on the particulars of the ex-gratia payments, in the statement at pages 111 & 112 of the assessee's paper book and submitted that these payments were made to the office staff of the assessee-company to whom no bonus was paid, that this payment was made in ..... the assessee's learned counsel further pointed out with reference to page 63 of his paper book that pursuant to the directions contained in the order of the cit (appeals), the assessing officer had examined the assessee's claim and allowed the same in respect of .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (1994)48ITD184(Kol.)
..... we have heard the arguments advanced by representatives of both the parties and perused the material available in the appeal record including the paper book filed by the assessee's counsel. .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (1995)53ITD264(Kol.)
..... the assessee is engaged in the business of manufacture of cotton and manmade fabrics, jute goods, carpet backing cloth, steel fabrication, paper and board, etc. .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (2002)80ITD449Cal
..... on perusal of documents placed at pages 71 to 92 of the paper book filed by the assessee before the tribunal, it is found that the respective promisees have raised bills for the difference of rate on settlement of the contract showing therein the reverse transaction of selling the goods ..... we have also gone through the paper book filed by the assessee wherein details of advertisement expenses are given. ..... we have also perused the papers placed on record being filed by the assessee. ..... 2 of the paper book filed by the assessee before the tribunal. .....
Tag this Judgment!Court : Income Tax Appellate Tribunal ITAT Kolkata
Reported in : (2003)85ITD133(Kol.)
..... since papyrus paper limited had already gone under board for industrial and financial reconstruction, the loan must be considered as having become unrealisable. ..... the assessee has claimed that there was an agreement between the appellant and s/sri sanjiv taneja and vijay kumar surana, copy of the same is placed in the paper book. ..... papyrus paper limited whatever might have been the ultimate intention behind the loan. ..... papyrus paper limited. ..... the assessing officer discusses in this connection that the past records show that the papyrus paper ltd. ..... papyrus paper ltd. ..... papyrus papers ltd. ..... (10) for that learned commissioner (appeals) was wrong in holding that irrecoverable money from papyrus papers ltd. ..... papyrus papers ltd. .....
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