count of accrual of interest on the deferred consideration and also ordered to charge interest under section 217 of the Act as well as issued ... vendee Elscope (P) Ltd. to pay interest on the deferred consideration, the Tribunal in para 17 of its order held :
"In the instant case
count of accrual of interest on the deferred consideration and also ordered to charge interest under Section 217 of the Act as well as issued ... vendee Elscope Pvt. Ltd. to pay interest on the deferred consideration, the Tribunal in paragraph 17 of its Order held :
"In the instant case
styled as "activation charges" is nothing but a deferred consideration or deferred payment for the same sale. He contended that what the subscriber ... activation charges paid are in the nature of deferred payment of consideration for the original sale, or in the nature of value addition, and, therefore
pursuance of a contract or not, for cash or deferred payment or other valuable consideration;
(2) transfers property in goods (whether as goods ... whether or not for a specified period) for cash, deferred payment or other valuable consideration;
(5) supplies, by way of or as part
pursuance of a contract or not, for cash or deferred payment or other valuable consideration ;
(2) transfers property in goods (whether as goods ... whether or not for a specified period) for cash, deferred payment or other valuable consideration ;
(5) supplies, by way of or as part
mortgage, hypothecation, charge or pledge) for cash or deferred payment or other valuable consideration, and includes--
(i) a transfer, otherwise than in pursuance ... contract, of property in any goods for cash, deferred payment or other valuable consideration ;
(ii) a transfer of property in goods (whether as goods
being interest on deferred sale consideration was justified ?"
2. While framing the assessment order for the assessment year 1981-82, the Income-tax Officer ... amount of Rs. 4,726 being the interest on deferred sale consideration charged at the rate of 11 per cent. per annum. The Income
Navy Special order 4/99
which amongst other things provides for deferring of
consideration without loss of seniority to suggest that
respondents ought to have ... deferred his consideration in
the circumstances. He has relied upon a DB judgment of
this court in B. Jumrani v. NBCC Ltd. to suggest that
what is styled as activation charges is nothing but a deferred consideration or deferred payment for the same sale. He contended that what the subscriber ... activation charges paid are in the nature of deferred payment of consideration for the original sale, or in the nature of value addition, and, therefore
goods by one person to another for each, deferred payment or other valuable consideration and includes,--
(i) a transfer, otherwise than in pursuance ... contract of property in goods for cash, deferred payment or other valuable consideration;
(ii) a transfer of property in goods (whether as goods
