business of its own. It also indulged in a joint venture in sugar in association with certain other firms. While returning its income ... assessee displayed therein its share income from the joint venture. The Income-tax Officer accepted the return as he found it, and made an assessment
registered under the Indian Companies Act, 1956 , was formed as a Joint Venture company in pursuance of a Memorandum of Understanding dated 19.11.2005 executed between ... have jointly undertaken this commercial enterprise wherein they will contribute to the assets and share the risks. In respect of such a joint venture company
arbitration, in accordance with the provisions contained in the joint venture agreement dated 06.12.1995.
2. I have heard Mr. A.L. Somayaji, learned senior counsel ... evaporators. The said company Enmas Process Technology Limited entered into a joint venture agreement on 06.12.1995 with a company known as A. Ahlstrom Corporation
behalf of the appellant contended that although Clause (18) of the joint Venture Agreement, dated May 30th, 1997 postulated a further agreement setting out details ... stand in the way of operation of the Joint Venture Agreement which is effective for a period of five years from the very date
written agreement entered into between ten persons, there is a joint venture through which lottery tickets were purchased with definite understanding of dividing the winning ... Further, it was submitted that in those cases where was no joint venture by the assessees themselves. Hence, it was submitted that the abovesaid Supreme
when a number of persons entered into an agreement creating a joint venture for purchasing the lottery tickets, the object of such purchase being ... satisfied as the object of the venture was to earn income and the venture was not individual but joint.
5. The law laid down
defendant and defendants 6 to 10 entered into a Joint Venture Agreement at New Delhi, by which the 9th defendant was floated as a Joint ... owned by defendants 7 and 8. For achieving these objects, the Joint Venture Company was to obtain a Syndicated Credit Facility and the facility
down a law.
In so far as the concept of joint venture, the impugned Circular refers to New Horizons Limited Vs. Union of India ... dated 13.12.2011 recognises arrangement under unincorporated partnership/joint/ collaboration basis. For recognition of such joint venture as a new entity, the Circular refers
implementing the project on its own during the subsistence of the Joint Venture Company (WC) to reduce the JVC to a state of coma ... first respondent to proceed with the implementation of the joint venture project on a changed product mix and production capacity. This would necessitate amendments
Appellate Tribunal is right in law in holding that the joint venture of H.C.C. Ltd and Van Oord ACZ (VOACZ ... Association of Persons and the payment made to the joint venture should be treated as a payment made to the foreign company and tax deducted
