Court : Kerala
Decided on : Oct-24-1980
Reported in : (1981)22CTR(Ker)93; [1981]129ITR1(Ker)
Bhaskaran, J.1. These references arising out of the order of the Income-tax Appellate Tribunal, Cochin Bench, disposing of I.T.A. Nos. 354 and 371 (Coch)/74-75, relate to the assessment year 1971-72. I.T.R. Nos. 16 and 17 of 1977 are under Section 256(1) and I.T.R. Nos. 34 and 35 of 1980 are under Section 256(2) of the I.T. Act, 1961 ('the Act').2. The assessee is a dealer in automobiles and automobile spare parts. Sale of motor lorry chassis on hire purchase system is one of the business activities carried on by the assessee. Under that system the assessee enters into an agreement with the customer who makes an initial deposit, and makes payment of the balance consideration in instalments over a number of months. When all the instalments are paid off, the customer gets an option for buying the vehicle. On his exercising that option the sale becomes completed and the property passes to him. Though the taxable event occurs only when the last instalment is paid and the sale is completed ...
Tag this Judgment!Court : Kerala
Decided on : Sep-09-1980
Reported in : AIR1981Ker64
ORDERGeorge Vadakkel, J.1. The petitioner complains of undue return of the 1st respondent from the Ollur Assembly Constituency at the election held in Jan., 1980. He alleges commission of the corrupt practices of undue influence and appeal to religious sentiments by the 1st respondent's agents with his (1st respondent's) knowledge and consent and at his instance; and of the electoral offence of violation of Section 130(1)(e) of the Representation of the People Act, 1951 (hereinafter, the Act) by the 1st respondent. He also complains of undue election on the ground of non-compliance with Article 326 of the Constitution. The 1st respondent defends his return denying all the material allegations advanced by the petitioner.2. The corrupt practices alleged are : (i) Publication of Ext. P 4 by P. W. 6 as the Convenor of the Diocesan Political Committee of the Trichur Catholic Diocese (hereinafter mentioned as the Political Committee) and of Ext. P 5 by him in his personal capacity; and (ii) ...
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