Overdraft - Judgment Search Results

The Commissioner of Customs Vs. A. Mahesh Raj

Court: Karnataka

Reported in: 2006(195)ELT261(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 .....

G.M. Venkatappa S/O Munishamappa Vs. Anjanappa S/O Munivenkatappa and ...

Court: Karnataka

Reported in: 2007(6)KarLJ611

..... 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 .....

Sapphire Land Development (P.) Vs. Asstt. Cit of Income-tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... with the learned authorized representative that lower authorities were not justified in not reducing the overdraft facility availed by the assessee for purchase of motor car which was having direct nexus ..... between the purchase of car and corresponding increase of overdraft liability we are therefore inclined to reverse the finding of the lower authorities and direct .....

Sri N. Paul Vs. United Commercial Bank and ors.

Court: Kolkata

Reported in: (2007)1CALLT253(HC)

..... approval of the higher authority you are hereby advised to desist from allowing any overdraft beyond your sanctioning power and regularise all irregular accounts immediately please confirm within 15 ..... authority either rightly or wrongly you are hereby advised to desist from allowing any overdraft beyond your sanctioning power and regularise all irregular a counts immediately please confirm within .....

Super Meter Mfg. Co. Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (2007)110TTJ(Pune.)464

..... only ensures an uninterrupted flow of funds subject to the sanctioned limit the cash credit overdraft limits are taken by the assessees from banks for their working capital requirements the amount ..... of interest paid in respect of such cash credit overdraft accounts depends upon the extent to which the sanctioned credit limits are utilized the debit .....

General and Motor Finance Company Vs. State Bank of India

Court: DRAT Allahabad

Reported in: I(2007)BC68

..... of the respondent bank that the appellants had indulged in taking overdrafts facilities but the same had not been paid hence the ..... of the appellant defendants was that they had never taken any overdraft facility and they run their business from theirown sources the ..... appellants from very beginning were denying the taking of any overdraft from the bank but admission was there regarding opening of .....

Western Ministil Ltd. Vs. Bank of Rajasthan and ors.

Court: DRAT Mumbai

Reported in: 2(2007)BC13

..... repayment of the ultimate balance of the sum remaining unpaid on the overdraft the said pro note was executed by all the defendants on the ..... executed by the three defendants was given as a security for the overdraft facility to the extent of rs 4 lacs in that context the ..... filed not on the pro note but upon the balance of the overdraft account in the books of the plaintiff bank reference is also made .....

Syndicate Bank Vs. Channaveerappa Beleri and ors.

Court: Supreme Court of India

Reported in: AIR2006SC1874; 2006(2)AWC2061(SC); II(2006)BC579(SC); [2006]131CompCas303(SC); JT2006(4)SC579; 2006(4)KarLJ276; (2006)3MLJ5(SC); RLW2006(3)SC2105; 2006(4)SCALE368; (2006)11

..... guarantor sought to avoid liability by contending that every item of an overdraft account was an independent loan and the limitation would start from ..... case to go into the question of the nature of an overdraft account the present suit is in substance and truth one to ..... rather than embark into an enquiry as to the nature of an overdraft account after referring to the terms of the guarantee bond this .....

Deputy Commissioner of Income Tax Vs. Allied Construction

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2007)291ITR16(Delhi)

..... the assessee the fdrs were partly used as security for obtaining overdraft facilities for the business some fdrs were also offered as ..... 05 615 have been mainly taken for the purpose of obtaining overdraft facility and bank fdrs has direct nexus with the business ..... from other sources and not as business income interest paid on overdraft obtained for the purpose of business cannot be deducted from .....

Prism Cement Ltd. Vs. Joint Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2006)101ITD103(Mum.)

..... payments in that regard were made by the assessee out of us overdraft account with db when db remitted or wanted the principal amount ..... acting as banker of the assessee the total expenses on interest on overdraft guarantee commission bank charges etc came to rs 6 89 28 002 ..... out of which only rs 1 85 60 598 constituted interest on overdraft account it was not understood as to what happened to the other .....