CiteTEXT
...received from the Vijaya Bank Ltd. who is the tenant of the assessee in the shop in Thadani Mansion adjacent to Mayfair Theatre building. In that connection, the facts are that those premises were earlier...in the tenancy of the Allied Electric and Radio Corpn. Lucknow, since 1973 (Allied). An arrangement was arrived at between Allied, the Vijaya Bank Ltd. and the assessee whereby it was agree that Allied...would vacate the portion occupied by them in favour of the Vijaya Bank Ltd. Vijaya Bank Ltd. paid a sum of Rs. 75,000 to Allied who vacated the shop. The Vijaya Bank Ltd...
...) Whether taxability of such interest on securities subject of transaction price on sale of security continues to be governed by the ratio of the Supreme Court decision in Vijaya Bank Ltd. v...Vijaya Bank Ltd. v. Addl. CIT, [1991] 187 ITR 541 for the period subsequent to the amendment in the...Vijaya Bank Ltd.'s case, [1991] 187 ITR 541 (SC) is not applicable in this...
...Vijaya Bank Ltd. who is the tenant of the assessee in the shop in Thadani Mansion adjacent to Mayfair Theatre building. In that connection, the facts are that those premises were earlier in the tenancy...of the Allied Electric and Radio Corpn., Lucknow, since 1973 (‘Allied’). An arrangement was arrived at between Allied, the Vijaya Bank Ltd. and the assessee whereby it was agreed that Allied would...vacate the portion occupied by them in favour of the Vijaya Bank Ltd. Vijaya Bank Ltd. paid a sum of Rs. 75,000 to Allied who vacated the shop. The Vijaya Bank Ltd. got ...
...Vijaya Bank Ltd. v. Additional Commissioner Of Income Tax, Bangalore [1991] 187 ITR 541 / 57 Taxman 152 in...nature of clarification and the same having been withdrawn only as a result of the decision of the Hon’ble Supreme Court in the case of Vijaya Bank Ltd. (supra), the assessee is not entitled to the...Vijaya Bank Ltd. (supra) was ever considered or not but none of the order suggests that it was ever considered. However, we will decide the issue on the basis of both the possibilities...
...required to be disallowed in the light of the decision of the Supreme Court in Vijaya Bank Ltd
v...decision of the Supreme Court in Vijaya Bank Ltd. (supra
1) holding that expenditure claimed being broken period interest is not allowable as a revenue...?
10. After hearing rival submissions and on perusal of the decision of the Supreme Court in Vijaya Bank Ltd. (supra
4...
...to be disallowed in the light of the decision of the Supreme Court in Vijaya Bank Ltd
v...decision of the Supreme Court in Vijaya Bank Ltd. (supra
1) holding that expenditure claimed being broken period interest is not allowable as a revenue expenditure...?
10. After hearing rival submissions and on perusal of the decision of the Supreme Court in Vijaya Bank Ltd. (supra
4...
...Court in Vijaya Bank Ltd. v. Additional Commissioner of Income Tax, Bangalore...decision of the Supreme Court in Vijaya Bank Ltd. (supra 1) holding that expenditure claimed being broken period interest is not allowable as a revenue expenditure.
8...submissions and on perusal of the decision of the Supreme Court in Vijaya Bank Ltd. (supra 1), Tribunal noted that the decision of the Supreme Court in Vijaya Bank Ltd. (supra 1) was explained by ...
...GENERAL MANAGER
VIJAYA BANK LTD.,
CORPORATE BANKING BRANCH
RESIDENCY ROAD
BANGALORE-560 025.
2. M/S...DIRECT
THE RESPONDENT BANK TO CONSIDER THE REQUEST OF THE
1
PETITIONER TO...
...10.10.2023
NAME OF THE PARTIES:- Vijaya Bank Ltd
V/s
Shirt Company (I) Pvt. Ltd.
Section: 7 of Insolvency and Bankruptcy Code, 2016...
...Nair, residing at Nandanam, Thamarassery Road, Poonithura Post,
Kochi - 682038 ………. Applicants And
The Vijaya Bank Ltd,
Hospital Road...Nandanam, Thamarassery Road, Poonithura Post,
Kochi - 682038 & Another. ……. Applicants
And
The Vijaya Bank Ltd,
Hospital Road...Representation to the defendant bank
Documents relied on the side of the defendant...
.... 5,871.53 for payment made for the broken period interest at the time of purchase of the security. This point is very important. It distinguishes the facts of this case from that of Vijaya Bank Ltd.'s..."Business" and not under the head "Interest on securities", whereas in the case of Vijaya Bank Ltd. MANU/SC/0042/1991...the Karnataka High Court and the Supreme Court in Vijaya Bank Ltd.'s case MANU/SC/0042/1991 : [1991]187ITR541(SC) . In...
...security. This point is very important. It distinguishes the facts of this case from that of Vijaya Bank Ltd.'s case MANU/SC/0042/1991...to tax the broken period interest received under the head "Business" and not under the head "Interest on securities", whereas in the case of Vijaya Bank Ltd. MANU/SC/0042/1991...the judgment of the Karnataka High Court and the Supreme Court in Vijaya Bank Ltd.'s case MANU/SC/0042/1991 : [1991]187ITR541...
...in disallowing the loss. In Vijaya Bank Ltd. v. CIT 1991 Supp (2) SCC...450 and in CIT v. Indian Bank Ltd. AIR 1965 SC 1473, (1965) 56 ITR 77, Section 94(7) had no such object. The two...of civil appeals; the lead matter of which is CIT v. Walfort Share & Stock Brokers (P) Ltd.3. The facts in...
...Vijaya Bank Ltd. vs. Additional Commissioner of Income Tax, Bangalore reported in...
decision in Vijaya Bank Ltd.(supra) by observing thus: "Before going further we may mention at the very outset that the security in this case was of the ...as interest on securities under section 18. It is in the light of these facts that one has to read the judgment in Vijaya Bank Ltd.'s case...
...in detail, held that the contentions of the assessee are not tenable in view of the judgment of the Hon'ble Supreme Court in Vijaya Bank Ltd. v. Addl. CIT...interfere with the method of accounting adopted by the assessee bank. That the judgment in the case of Vijaya Bank Ltd. (supra) has no application to the facts of the case. That having assessed the income...Hon'ble Supreme Court in CIT v. Citi Bank N.A., in Civil Appeal no.1549/2006, vide judgment dated 12th August 2008, wherein it has been held that the case of Vijaya Bank Ltd. (supra), have...
...the broken period. The Commissioner relied upon a decision of this Court in the case of Vijaya Bank Ltd. v. Additional Commissioner of Income Tax...Vijaya Bank Ltd.1was rendered after considering Sections 18 to 21 of the IT Act, which have been repealed. Therefore, the Tribunal held that as the appellant...in the case of Vijaya Bank Ltd.1, allowed the appeal. This order was impugned in Civil Appeal Nos. 3291-3294 of 2009.
7...
...judgment of the Supreme Court in the case of Vijaya Bank Ltd. reported in 187 ITR page 541 wherein it was held that whatever was the consideration, which prompted the assessee to...Supreme Court of India in the case of Madhya Pradesh Cooperative Bank v. Addl. CIT reported in 218 ITR page 438 held that the Government securities and the like nature...going into the question that the securities held by the bank are stock in trade when there was not even one single instance from the financial statements of the bank or the method of accounting of the...
...
Delay of 7 days in filing the revision petition is condoned. Petitioners were the opposite parties before the District Forum. Respondent/complainant had purchased shares of Karnataka Bank Ltd. and ...)
1. M/S. ISJ SECURITIES PVT. LTD. & ANR. Rep. by Its Branch Manager offcie At. 2nd Floor. Baliga Arcade Vidya Samudra Marg . Udupi -576101
Karnataka...Ltd. It was alleged that the respondent disposed of all the shares without the consent of the complainant/respondent. District Forum allowed the complaint and directed the petitioners...
...Vijaya Bank Ltd., accused No. 1 in CC. Nos. 4 to 17 of 1982, on the file of the Court of the Presiding Officer, Special Court for Economic Offences, Bangalore, represented by its Vanaging Director Sri..., Bangalore, as provided under Section 279 of the Income Tax Act, 1961, hereinafter referred to as the ‘Act’, on the allegation that Vijaya Bank Ltd., (A-1), being a scheduled Bank & a Company registered under...- firstly on the ground that the banking undertaking of Vijaya Bank Ltd. having been nationalised with effect from 15-4-80 under the Banking Companies Acquisition & Transfer of Undertakings Ordinance...
...Vijaya Bank Ltd. vs. CIT 187 ITR
2
541 (SC) is...SRI. K V ARAVIND, ADV.)
AND
M/S BANK MUSCAT SAOG
NO.29, INFANTRY ROAD
BANGALORE
... RESPONDENT...mercantile system of accounting?
2. Whether the judgment of this Hon'ble Court in CIT vs. Canara Bank 195 ITR 66 and...