Krishna Texport and Capital Market Ltd., also for receiving financial accommodation to enable him to apply for 60 lac shares in the Public Issue ... irregular allotments.
II In its reply, KTCML contended that it provided financial accommodation on interest to Shri Gopal Khadaria. All the stockinvests were taken against
Padmini to the detriment of the genuine investors.
1.9 The unusual financial accommodation provided by Padmini to the said Delhi and Kolktata based allottees indicated
2013 .
object or principal business of the assessee is to provide financial
accommodation to its members for agricultural purposes or for the
purposes connected with ... primary object or principal business of which is to provide
financial accommodation to its members for agricultural purposes or
for the purposes connected with agricultural
M/S. Merino Industries Limited ... vs Dcit, Circle - 12(1), Kolkata , Kolkata on 6 February
Dcit, Circle - 12(1), Kolkata , Kolkata vs M/S. Merino Industries Limited , ... on 6 February
units for one another till the year 2011;
5. Financial accommodation on certain occasions for the
only reason of non-payment of interest
units for one another till the year 2011;
5. Financial accommodation on certain occasions for the
only reason of non-payment of interest
since the
assessee has not fulfilled its main objective of providing financial
accommodation to its members for agricultural purposes or for purposes
connected with agricultural ... primary object or principal business of which is to
provide financial accommodation to its members for agricultural purposes or
for purposes connected with agricultural activities
malafide intention so that no other officer could know that some financial accommodation was being provided to the M/s RSIL at the cost ... shortages and by not recovering interest on delayed clearances provided financial accommodation to the parties. Shri Man Singh, AC has failed to maintain absolute integrity
object clause
to suggest that its primary object is providing financial accommodation
to its members for agricultural purposes or for purposes connected with
agricultural activities ... society' (PACS). The only object which enables it to provide
financial accommodation is its object clause 2(a). The same only
specifies the assets
