Overdraft - Year 1983 - Judgments

Mar 01 1983 (HC)

Chennabasappa Kothambari Vs. Multiplast Industries (Karnataka) Pvt. Lt ...

Court: Karnataka

Decided on: Mar-01-1983

Reported in: [1985]57CompCas222(Kar)

..... in respect of transactions relating to loans and advances loans and mortgages cash credit or overdraft bonds agreements of pawn or pledge and letters of hypothecation executed by farmers for agricultural .....

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Sep 28 1983 (TRI)

Dr. (Mrs.) Sarada Kannan Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Sep-28-1983

Reported in: (1984)7ITD184(Mad.)

..... the assessee claimed deduction of interest paid to the bank on overdraft amounting to rs 18 857 the aac accepted the contention of ..... out of one set of transaction and payment of interest on overdrafts was a result of another set of transaction and therefore the ..... interest paid on the fixed deposits and the interest charged on the overdraft current account dated 16 3 19x8 reads as under as desired .....

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May 20 1983 (HC)

Calcutta Chemical Co. Ltd. Vs. Krishna Das Pal and ors.

Court: Kolkata

Decided on: May-20-1983

Reported in: [1985]57CompCas503(Cal),87CWN945

..... under sections 397 and 398 of the companies act 1956 2 the company has an overdraft account with its banker the united bank of india hereinafter referred to as the bank ..... the credit facilities that were available to the company under the said overdraft account at the relevant time was up to rs 146 37 lakhs as such limit .....

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Oct 04 1983 (SC)

K.L. Tripathi Vs. State Bank of India and ors.

Court: Supreme Court of India

Decided on: Oct-04-1983

Reported in: AIR1984SC273; [1984(48)FLR38]; 1983LabIC1680; (1984)ILLJ2SC; 1983(2)SCALE587; (1984)1SCC43; [1984]1SCR184; 1983(2)SLJ623(SC)

..... in violation of procedure of the bank he had disregarded all safeguards in sanctioning the overdrafts encashing bills and his conduct had exposed the bank to grave risks and that he .....

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Mar 16 1983 (HC)

Singhai Ayodhya Prasad Lakhpat Rai Vs. Commissioner of Income-tax

Court: Allahabad

Decided on: Mar-16-1983

Reported in: (1983)37CTR(All)42; [1984]145ITR547(All); [1983]15TAXMAN354(All)

..... firm 3 the use of the above mentioned two receipts as collateral security for the overdraft facility of rs 10 00 000 afforded to the respondent firm and the high court .....

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Jan 25 1983 (HC)

Crescent Dyes and Chemicals Ltd. Vs. Commissioner of Income Tax.

Court: Kolkata

Decided on: Jan-25-1983

Reported in: (1984)38CTR(Cal)365

..... 72 2 it appears from the facts of this case that the assessee had an overdraft account with national grindlays bank ltd and from schedule a to the assessment order it .....

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Mar 07 1983 (HC)

In Re: Northern India Finance Corporation Ltd. (In Liquidation) Vs. Of ...

Court: Punjab and Haryana

Decided on: Mar-07-1983

Reported in: [1984]55CompCas1(P& H)

..... court rules 1959 2 briefly the facts are that the appellant bank had sanctioned the overdraft limit of the northern india finance corporation ltd jullundur city hereinafter referred to as the .....

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Nov 07 1983 (HC)

Commissioner of Income-tax, Tamil Nadu-iv, Madras Vs. India Silk House

Court: Chennai

Decided on: Nov-07-1983

Reported in: [1985]152ITR79(Mad)

..... to rs 3 50 000 he also found that there wa an increase in the overdraft account to the extent of rs 1 60 000 he estimated the interest on the .....

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Nov 08 1983 (HC)

Commissioner of Income-tax, Tamil Nadu-ii Vs. Sundaram Fastreners Limi ...

Court: Chennai

Decided on: Nov-08-1983

Reported in: (1984)40CTR(Mad)206; [1984]149ITR773(Mad)

..... are unable therefore to agree with the tribunal that as the overdraft account had been maintained for business purposes the amount received ..... for the sale of shares received by it in the overdraft account with the bank maintained for business purposes and refunded ..... that the amounts were deposited by the assessee in its overdraft account for purposes of business was of no consequence and .....

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Nov 30 1983 (HC)

Sudershan Goel Vs. the New Bank of India and ors.

Court: Punjab and Haryana

Decided on: Nov-30-1983

Reported in: AIR1984P& H233

..... authorities and further that he had been allowing withdrawal of huge amounts in the current overdraft account of the debtor without taking proper precautions and had thereby deliberately acted against the ..... or causes of action all the defendants including the petitioner here being concerned with the overdraft in question this question being one common to all the defendants and if in certainly .....

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