huge profit
margins, non-compliance with requirements of Section 297 of the
Companies Act, the exclusion of the Saboo group from ... expansion project, the dividend policy, compliance with the provisions of Section 297 , continuation of the lease of the transit house at Delhi and the respective
articles of charge of non-disposal of applications under Section 297 of the Companies Act, as per the Citizen Charter within 30 days when ... raising irrelevant queries not germane to the subject matter of Section 297 of the Companies Act and thus delayed the disposal of applications
validity of the notice and
held that on true construction of Section 297(2)(d)(ii) of the 1961 Act, the ITO could not issue ... notice u/s 148 of the new Act so' as to reopen the
assessment by relying on provisions enacted in Section 297
section 4(3)(i) of 1922 Act
was replaced by section 11 of the IT Act, 1961 and therefore, in view of section
297 ... examine whether exemption granted under section
4(3)(i) of the repealed Act of 1922 was saved by section 297
under sub-Section
(1) of Section 60 or Section 60A , in our considered view, stands effectively
superseded by the provisions of Section ... flowed from the
proviso to the said Section (Sections 60A or proviso to Section 297(2) ) and the
ITA No.71/Rjt/2023
Shri Bhaktinagar
essence
of sub-section (5) is that when there is a violation of sub-section
(1) of section 297 of the Companies Act, the contract ... called violation as
per sub-section (1) stood regularized by sub-section (5) of section
297 to the Companies Act, 1956 , thereby making this transaction
board has been obtained as per the requirements of Sections 297 and 299 of the Act, for the joint sector agreement with the RSMDC ... auditors to their satisfaction.
(f) As regards allegation of violations of Sections 297 and 299 , Sim Mehta stated that not only the fact of entering
M/S Hcl Technologies Ltd.,, Noida vs Acit (Tds), Noida on 20 July, 2020
INCOME
which came into force on 1-4-1962. Sub-section (2) of Section 297, however, carved out certain saving clauses and Clause (1) thereof, which ... mandate contained in the main Clause (1) of Sub-section (2) of Section 297. In doing that neither the facts that the Part
section 150(1) have
been specially made applicable and operative
in respect of the notice under section 148
issued in pursuance of section 297 ... permit the applicability of
section 150 (or section 153) with the
necessary modifications. To paraphrase, the
last words of section 297(2) (d)(ii) should
