Overdraft - Judgment Search Results

Indian Explosives Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: (1983)35CTR(Cal)244,[1984]147ITR392(Cal)

..... ito disallowed a proportionate part of the interest on the overdraft calculated at rs 2 82 408 5 the assessee preferred ..... assessee during the relevant accounting year were deposited in the overdraft account and all payments were made from the account the ..... and disallowed interest payable by the assessee on the said overdraft account proportionately this decision was affirmed by the aac and .....

Commissioner of Income-tax, Bombay City-iii Vs. Shree Changdeo Sugar M ...

Court: Mumbai

Reported in: (1982)31CTR(Bom)114; [1983]143ITR469(Bom); [1982]11TAXMAN210(Bom)

..... assessment proceedings the ito noticed that the assessee had an overdraft account with a bank and that account was utilised primarily ..... interest payable to the bank on the amount of the overdraft utilised for the payment of dividend to the shareholders for ..... accounting years the assessee company paid interest accruing on its overdrafts to the banks in india and the assessee claimed deduction .....

Sporhase Vs. Nebraska Ex Rel. Douglas

Court: US Supreme Court

..... commerce clause in the absence of any action by congress upon a showing that groundwater overdraft has a substantial economic effect on interstate commerce for example congress arguably could regulate ..... s 111 1942 it is therefore wholly unnecessary to decide whether congress could regulate groundwater overdraft in order to decide this case since congress has not undertaken such a regulation .....

Commissioner of Income-tax Vs. Standard Pharmaceuticals Ltd.

Court: Kolkata

Reported in: (1982)29CTR(Cal)46,[1982]136ITR98(Cal)

..... their own debentures as security for a loan or a bank overdraft section 90 4 provides that debentures are not automatically redeemed by ..... the repayment of the loan or overdraft such security is termed collateral or additional security the amount of ..... s accounts as a liability in addition to the loan or overdraft debentures thus issued should be shown in short in the .....

Rupchand Mullick and anr. Vs. Controller of Estate Duty

Court: Kolkata

Reported in: (1982)30CTR(Cal)106,[1983]143ITR103(Cal)

..... the estate a sum of rs 1 50 000 was due against an overdraft agreement from one k c mullick sons ltd to the united bank of ..... suit for rs 2 95 089 stated to be due against the said overdraft and a receiver was appointed over the said premises in marquis lane calcutta ..... suit for a decree for rs 2 95 089 the amount of the overdraft from the bank a receiver was appointed to take charge of the business .....

Suresh Kumar Sanghi and 0rs. Vs. Amit Kumar Sanghi and Sons

Court: Delhi

Reported in: 1983(4)DRJ186

..... 16 1 1981 directed as under 1 the plaintiffs shall be entitled to operate the overdraft facility to the full limit of rs 18 000 00 rupees eighteen lacs only in ..... of the bank accounts substance by them of their personal guarantees with regard to the overdraft facilities allowed to the partnership and the dealership from m s mohindra and mohindra the .....

Miles India Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1982)1ITD810(Ahd.)

..... earned in the relevant accounting year the assessee had also borrowed moneys from banks on overdraft and had paid interest of rs 20 196 before the ito it was claimed that .....

Williams Vs. United States

Court: US Supreme Court

..... enjoyed virtually unlimited use of the dummy account and by may 2 1978 his personal overdrafts amounted to 58 055 44 approximately half the total then covered by the account on .....

V.J. Thomas Vettom and K.M.J. Joseph and anr. Vs. Kuttanad Rubber Co. ...

Court: Kerala

Reported in: [1984]56CompCas284(Ker)

..... of the immediate financial requirements for the estate which included funds for clearing off an overdraft liability and for day to day working payment of provident fund arrears installing a motor .....

Commissioner of Income-tax Vs. Steel Rolling Mills of Hindusthan Pvt. ...

Court: Kolkata

Reported in: [1983]143ITR933(Cal)

..... at a figure substantially lower than what was pledged with the bank for obtaining an overdraft accordingly he imposed a penalty of rs 54 000 4 being aggrieved by the order .....