Margaret Lalita Samuel vs Indo Commercial Bank Ltd on 25 September, 1978
Equivalent citations: 1979 AIR 102, 1979 SCR (1) 914, AIR 1979 SUPREME COURT ... Chandrachud , Ranjit Singh Sarkaria
PETITIONER:
MARGARET LALITA SAMUEL
Vs.
RESPONDENT:
INDO COMMERCIAL BANK LTD.
DATE OF JUDGMENT25/09/1978
BENCH:
REDDY, O. CHINNAPPA
Indo-Commercial Bank, Ltd. vs The Commissioner Of Income-Tax on 2 March, 1961
Equivalent citations: (1962)2MLJ60
JUDGMENT
Rajagopalan, J.
1. With reference
Narasimhachari vs The Indo Commercial Bank Ltd., G.T. ... on 10 March, 1964
Equivalent citations: AIR1965MAD147, AIR 1965 MADRAS ... monies due by the Deccan Chemicals Ltd, to the Indo-Commercial Bank Ltd. If the said company fails to pay off the entire amount
Indo-Commercial Bank Ltd vs Commissioner Of Income-Tax, Madras. on 2 March, 1961
Equivalent citations: [1962]44ITR22(MAD)
JUDGMENT
RAJAGOPALAN J. - With reference
Directors' remuneration and Director's sitting fees from the Indo Commercial Bank could be said to be a part of the income ... which he received as the Managing Director of the Indo Commercial Bank and a sum of Rs. 105 which he received as Director
open
guarantee."
The
decision of Mrs. Margaret Lalitha Samuel v. Indo Commercial Bank Ltd.
(AIR 1979 SC 102) throws some light ... husband on 23rd Oct. 1944. It is addressed to
the Indo Commercial Bank Ltd. Madras, and is in the following terms :
"Dear
Sirs
sold for a sum of Rs. 92,277-2-0. The Indo-Commercial Bank, Ltd., made a similar claim in respect of other quantities ... Liquidator for a direction asking the Indian Bank, Ltd. and the Indo-Commercial Bank, Ltd., to bring back into Court the moneys realised
Chettiyar Firm [1935] 3 ITR 193 (Rangoon), Indo-Commercial Bank Ltd. v. CIT [1962] 44 ITR 22 (Mad.) and Forest Industries Travancore ... Jute Trading Co. Ltd. (supra), Reform Flour Mills (P.) Ltd. (supra), Indo-Commercial Bank Ltd. (supra), Forest Industries Travancore Ltd. (supra) and CIT v. Rajas
source' of such profits."
12. In Indo-Commercial Bank Ltd. v. CIT [1962] 44 ITR 22 (Mad), it was held that the assessee ... that case the decision of this court in Indo-commercial Bank Ltd. v. CIT [1962] 44 ITR 22, was referred to and followed
trading loss. The assessee had relied on various judgments reported in Indo-Commercial Bank Ltd. v. CIT (1962) 44 ITR 22 (Mad), Investment ... other judgments reported in Indo-Commercial Bank (supra), Investment Ltd. v. CIT (supra), Bank of Cochin Ltd. (supra), Josna Bank (supra) and National & Grindlays
