Total 696890948
12. Reply of the assessee was that the bullion margin money
advances were always converted to cash sales and what was credited ... 1491/17.
margin money account had to be considered only as sales and not as
credit. As per the assessee, such amounts were fully reflected
Bank Ltd., for
which it had deposited Rs.36 crores as margin money. To summarize,
the appellant-company would like to reproduce the relevant part ... fact a direct nexus between the fixed deposit placed
as margin money with the performance bank guarantee given to State
Electricity Utility Company, This fact
assessee
was not deducting tax at source in relation to the margin money given to
the distributors. In transactions relating to prepaid Sim cards ... margin to the retailers and subscribers. It was
thus argued that in case tax was deducted on the margin money part of
which
this loss transaction of Rs 41,55,088/-, no margin money
was taken by the broker from the assessee. The ld AO observed that ... rules that the broker is supposed to charge margin money. As
no margin money was charged, it is quite clear that the loss suffered
equivalent to SGD 35,23,380 pertaining to
the margin money alleged to be spent by the assessee towards
the subject properties at Singapore ... that is equivalent to SGD 35,23,380 pertains to the margin money
paid by Shri Krishnan Appao, the assessee's Uncle
equivalent to SGD 35,23,380 pertaining to
the margin money alleged to be spent by the assessee towards
the subject properties at Singapore ... that is equivalent to SGD 35,23,380 pertains to the margin money
paid by Shri Krishnan Appao, the assessee's Uncle
Diamond Power Infrastructure Ltd.,, ... vs Assessee on 11 August, 2016
IN THE INCOME TAX APPELLATE
they do not constitute business income:
a) Interest from hank on Margin Money 11,61,870
b) Interest on ICD given at the same rate ... derived
from industrial undertaking;
Amount (Rs.)
a) Interest from hank on Margin Money 11,61,870
b) Interest on ICD given at the same rate
provisions of various Resolution Plans, the treatment
of Bank Guarantees/Margin Money/Equity Value. Adjudicating Authority has
written factually incorrect findings regarding total Bank Guarantees ... Bank
Guarantee Margin Money. Incorrect assumption was made with regard to
upfront amount and there was incorrect analysis regarding treatment of
equity.
13. Adjudicating Authority
provisions of various Resolution Plans, the treatment
of Bank Guarantees/Margin Money/Equity Value. Adjudicating Authority has
written factually incorrect findings regarding total Bank Guarantees ... Bank
Guarantee Margin Money. Incorrect assumption was made with regard to
upfront amount and there was incorrect analysis regarding treatment of
equity.
13. Adjudicating Authority
