Morgan Stanley Mutual Fund vs Kartick Das on 20 May, 1994
Equivalent citations ... Author: S. Mohan
Bench: S. Mohan
PETITIONER:
MORGAN STANLEY MUTUAL FUND
Vs.
RESPONDENT:
KARTICK DAS
DATE OF JUDGMENT20/05/1994
BENCH:
MOHAN
relevant to the assessment year 2000-01, the Chola
Freedom Technology Mutual Fund came out with an
advertisement stating that tax free dividend income ... result of the dividend payout, the NAV of the said
mutual fund which was Rs. 17.23 per unit on 24.3.2000,
at which rate
previous year.
Similarly, income received in respect of a mutual fund is not
includible in the total income. (Analogous provisions have since
incorporated into clauses ... cannot be invoked in respect of dividend
income from shares and mutual fund income for the reason that for
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Chairman, Sebi vs Shriram Mutual Fund & Anr on 23 May, 2006
Equivalent citations: AIR 2006 SUPREME COURT ... civil) 9523-9524 of 2003
PETITIONER:
The Chairman, SEBI
RESPONDENT:
Shriram Mutual Fund & Anr.
DATE OF JUDGMENT: 23/05/2006
BENCH:
Dr. AR. Lakshmanan
were made out of surplus funds. Assessee deposited funds
amounting to Rs. 28,7130,569.00 generated on sale of
mutual fund during ... investment in mutual funds.
As the assessee have interest free funds far in excess of
amount invested in mutual funds. Therefore, no
disallowance could
Bank, Standard Chartered Bank ( for short 'SCB')
and Canbank Mutual Fund (for short 'CMF') through its trustees.
Suit ... respectively. We now request
you to give us SGLs of Canbank Mutual Fund in
exchange of the same."
[emphasis added]
Allegedly
company wholly
owned by Andhra Bank. Canbank Mutual Fund (CBMF) is a subsidiary
company of Canara Bank, another nationalized bank. The Appellant herein
is also ... subsidiary of Canara Bank. In or about 1989, Canbank Mutual
Fund floated an open ended investment scheme known as CANCIGO on an
assured return
revitalising the public sector, and such shares will be offered to mutual funds, financial institutions, general public and workers so as to raise resources ... Unit Trust of India
1,24,83,100
2.
Canbank Mutual Fund
11,80,300
3.
SBI Mutual Fund
11,80,300
4.
Bank
dividend from companies and income
from units of mutual funds to the extent of Rs.34,34,78,686. Dividend
income to the extent ... constituting 1.95% of the aforesaid dividend income, came from mutual
funds. Admittedly, a substantial part of the appellant's investment in the
group companies
that the evidence with record to investments made in the Tata Mutual
Fund by the brother of Archana is of no avail to the prosecution ... father and the insistence of the appellant to invest in mutual funds and to
make him the nominee. He also stated about the purchase
