2014
Assessment Year : 2009-10
M/s ITC Limited -vs- ACIT, Range-8, Kolkata
[PAN: AAACI 5950 L]
(Appellant) (Respondent ... company. Therefore, their proportionate salary and related overhead cost was disallowed
9
10
ITA No.1267 & 685/Kol/2014
M/s ITC
Kirloskar Electric Co Ltd vs The State Of Karnataka on 10 January, 2018
Author: Vineet
Fund of J.P. Morgan was circulated by the Trustee
Company and Asset Management Company (defendant nos. 1 and 2) to potential
investors ... remained unchanged. On 15th June 2015, the Asset Management Company
(defendant no.2) purchased secured bonds worth Rs.2 crore issued by Amtek
Auto Limited
assessment order that there is
enhancement of equity shares and issue of bonds resulting in the
expansion of capital base of the company which makes ... case of M/s Brook Bond India Ltd
Vs. CIT (1997)(225 ITR 798)(SC).
5. On facts of the case
fluctuation of exchange
currency.
14. That the Appellant Company has restated the Bonds at the
exchange rates prevailing at the year end and the difference ... assessee company through the
issue of FCCB, were in the nature of liability. The assessee
company was bound to discharge the bonds on due dates
being expenses incurred on issue of foreign currency
convertible bonds ('FCCB') holding the same to be capital in nature.
10. That the assessing ... Indian market, which was equivalent to 4.69% (7.88%- 3.19%). The TPO
benchmarked the aforesaid transaction @ 17.26% by applying the yield rate on
corporate bonds
assessee company through the
issue of FCCB, were in the nature of liability. The assessee
company was bound to discharge the bonds on due dates ... company. He
submitted that the expenditure of Rs.2,64,26,757 incurred by the
assessee company f or issuing these bonds is theref
Company
Secretary
Dated : 23 Aug 2018 ORDER
I have heard learned Counsel for the parties.
Mr.Arun Bose, Deputy Company Secretary of the Respondent Company ... person. In my considered view, under the Provisions of the Companies Act, Respondent Company has to deal with the registered shareholder and not anybody else
company” means any company as
defined in section 3 of the Companies Act,
1956 (1 of 1956); and includes a foreign
company within the meaning ... business in which banking
companies may engage
(1) In addition to the business of banking, a
banking company may engage in any one or
more
like major Oil Companies viz., IOC BPCL, HPCL etc.,
major Distilleries like TASMAC, Golden Vats, SNJ Distilleries, major
Hotels like ITC, Crown Plaza ... March 2018 revealed
the following categories of dealers involved:-
1. Major Oil Companies that included IOC, BPCL,
HPCL, shell, Reliance Industries, ONGC.
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