Back
G.SANTHANAM, P.K.AMMINI
N. Krishnan Navabharat Cashew Traders – Appellant
Versus
Income-tax Officer – Respondent
Per G. Santhanam, Accountant Member - The appeals are by the assessee and the revenue and the cross objection is by the assessee. As common issues are involved a consolidated order is, passed for the sake of convenience.
2. The assessee is mainly a cashew exporter, but had business in foreign liquor and toddy besides deriving share income from a few firms. The previous year is the financial year ending on 31-3-1981 relevant to the assessment year 1981-82. The return of income was filed on 3-11-1983 admitting a loss of Rs. 58,216 for the relevant previous year. The total loss returned in the return was at Rs. 11,53,920. As a result of the failure of the assessee to comply with the requirements of the notices issued by the Income-tax Officer, the assessment was completed ex parte under section 144 of the I.T. Act on 12-9-1984. The notice of demand along with the assessment order was served on the assessee's advocate. On the basis of a petition dated 15-9-1984 filed by the assessee's advocate, the ex parte assessment was cancelled under section 146 on 24-9-1984 and the fresh assessment was completed on 27-3-1987 making certain additions and disallowances as follows :
| 1.Incl | |
The main legal point established in the judgment is the binding effect of the settlement between the parties, the waiver of the right to seek re-employment by the workmen, and the entitlement of the ....
A lockout is justified if it is declared in response to an illegal strike or a strike that is in breach of a settlement or award.
The combination of eyewitness testimonies, recovery of the weapon used, and forensic examination results can establish guilt in criminal cases, even based on circumstantial evidence.
The conviction of an accused person under Section 27(3) of the Arms Act is not permissible in law if the accused is also charged with committing murder under Section 302 of the Indian Penal Code.
The court can enhance compensation based on the deceased's income and family dependency, and adjust the multiplier used by the Tribunal if found unjustified.
A valid signature must be in the candidate's own handwriting, as emphasized by the General Clauses Act and relevant case law.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
