Indo Asian Marketing Priavte Limited vs Unknown on 20 September, 2012
Author: Surya Kant
Bench: Surya Kant ... MATTER OF SCHEME OF ARRANGEMENT BETWEEN
INDO ASIAN MARKETING PRIAVTE LIMITED.
....Demerged/Petitioner Company
WITH
VPM ELECTRICALS PRIVATE LIMITED
....Resulting/Petitioner Company
Present: Mr. Deepak
Suraj Bhan vs M/S Indo Asian Fusegears Ltd on 25 September, 2012
Author: Satish Kumar Mittal
Bench: Satish Kumar Mittal
IN THE HIGH COURT ... DATE OF DECISION : 25.09.2012
Suraj Bhan
.... PETITIONER
Versus
M/s Indo Asian Fusegears Ltd., Nakodar Road, Jalandhar and another
..... RESPONDENTS
CORAM
Jacob Thomas vs M/S. Indo-Asian News Channel Pvt. Ltd on 5 May, 2012
Author: P.N.Ravindran
Bench: P.N.Ravindran ... NEETHU RAVIKUMAR
SMT.REVATHY P. MANOHARAN
RESPONDENT/COUNTER PETITIONER:
M/S. INDO-ASIAN NEWS CHANNEL PVT. LTD.,
COCHIN-REPRESENTED BY AVINASH GIRIJA, COMMERCIAL OFFICER,
HEAD
TRUE COPY OF THE NEWS ITEMS PUBLISHED IN THE INDO
ASIAN NEWS SERVICE INDIA PRIVATE LIMITED DATED
18-11-2011
EXT.P6: TRUE PHOTOCOPY
PETITIONER(S):
--------------------------
EON ELECTRIC LIMITED,
FORMERLY INDO ASIAN FUSEGEAR LIMITED,
5TH FLOOR, JB MANJOORAN ESTATE,
EDAPPALLY BYEPASS JUNCTION,
KOCHI-682 024, REPRESENTED
Kotak Bank Aug-05 311934 700 Aug- 06 218074 -93860
Indo Asian April 05 340484 3500 April 05 524062 183578
Fuse & July 06
Indiabulls
ordinary course of the business. "
ii) CIT Vs. Indo Asian Switchgears (P) Ltd .
[257 ITR 645 (P &H)]
"However, a discount allowed ... find that the Jurisdictional High Court in CIT Vs.
Indo Asian Switchgears (P) Ltd. (supra) have held to the contrary and we
are bound
jurisdictional High Court in the case of
CIT V Indo Asian Switchgear 222 ITR 272. Therefore, the
CIT(A) has deleted the impugned addition, after ... Punjab & Haryana High Court in the case of CIT vs Indo Asian
Switchgear as reported in 222 ITR 772 and other judgments as
cited
Cotton Manufacturing Co. Ltd. (1994) 205 ITR 163 (SC);
CIT vs. Indo Asian Switchgears (P) Ltd. (1996) 222 ITR 772 (P&H).
In view
mainly observing that
"M/s Asian Industrial Corporation M/s Indo Chemical Corporation, departmental
Inspector was deputed to make the 'on the spot ... Inspector reported after examining assessment records of M/s Asian
Industrial Corpn. and M/s. Indo-Chemical Corpn. that no such transaction of receipt
