kinds of bonus and cannot, therefore, be said to have the spin-off benefits claimed by the appellant."
Section 31-A had been incorporated
only be noticed that a provision for "Allotment under Off-the-Shelf Scheme" to the extent of "30% of the Plots above ... been made. It was also provided that "the applications under 'Off-the-Shelf Scheme' would be received and scrutinised by Udyog Sahayak
summon the defendants for the said purpose or to strike off
their defence, yet the contention of the learned counsel that
there should have been ... decree by striking off the defence of the
appellants."
It was also observed in case Shri Saraswati Spinning Mills,
Bhiwani v. M/s Gheru
right in law in allowing sett
off of loss of Rs.2,74,47,311/- suffered by Anant
Spinning Mills (Unit-III) against business profits ... revenue submits that the assessee has been
wrongly allowed set off of the loss of a unit entitled to deduction under
Section
discriminatory inasmuch as
that similarly situated M/s Malwa Spinning Mill, Barnala has been let
off on similar alleged violations.
7. Learned Single Judge discarded
shall also be taken over by the liquidator
and will be set off according to the priority order as enshrined in the
Punjab Cooperative Societies ... Goindwal Cooperative
Spinning Mills Limited. The liability of the Mill was taken over by the
liquidator and was to be set off according
obligation, scope of employment etc. it also prescribed that applications under "Off The Shelf Scheme" would be received and scrutinised by Udyog Sahayak ... Oswal Oil and Fats Limited and M/s Vardhman Spinning and Weaving Mills, respondents 10 and 11 respectively, gave a complete
Bimal Kaur Khalsa vs Union Of India And Ors. on 20 October, 1987
Equivalent citations
Besides the the other varying considerations that may apply to a set off and a counter-claim, the point of time for purposes of limitation ... case of set off, the relevant time for considering whether the claim of the defendant put forth as set off. legal or even equitable
assessment years 1972-73, 1974-75 and 1975-76 for being set off against the income of subsequent years ?"
9. As mentioned earlier ... case [1980] 123 ITR 385 (Mad); CIT v. Mattoo Worsted Spinning and Weaving Mills [1983] 139 ITR 1020 (J & K) ; CIT v. Ennore Foundries