dried the stones, diamonds etc
are fixed. Only normal running loose tools are required. On verification of
the balance sheet, it is seen that
Current Assets: 1.Inventories: (a) Stores and Spares (b) Loose Tools (c) Stock–in-trade Finished Goods Work-in-Progress Raw Materials 2.Sundry Debtors
head by means of 'plas and
chabi' (tools used to tighten and loose the screws) and blood started
of
oozing out therefrom
importer on 17.07.2009, the consignment of High Speed Steel Tools Scrap was subject to 100% inspection after destuffing container by the Chartered Engineer cum Government ... mixed lot of new, usable and damaged machine tools. All tools were stated to be loosely placed in pellets/plastic trays one over the other
tools and
accessories and other movable, both present
and future [save and except book debts]
whether installed or not and whether now
lying loose
voidable can be referred to arbitration. Otherwise, it would be a handy tool available to the unscrupulous parties to avoid arbitration, by raising the bogey ... defence. Often, the terms void and voidable are confused and used loosely and interchangeably with each other. Therefore, the Court ought to examine the plea
such cases where Court finds that using
the Courts as a tool, a litigant has perpetuated
illegalities or has perpetuated an illegal possession ... system has to be to discourage unjust enrichment
using Courts as a tool. The costs imposed by the Courts
must in all cases should
company
engaged in the business of manufacture and sale of machine tool.
Return of income for the assessment year 2009-10 was filed ... adjudication.
8. Ground No.2 relates to disallowance of expenditure on
loose toolls etc., of Rs.3,17,10,684/-. The AO made addition
Jindal Stainless Ltd.& Anr vs State Of Haryana & Ors on 11 November, 2016
Hs Bedi vs National Highway Authority Of India on 22 January, 2016
Author: J.R