COMMISSIONER OF INCOME TAX-III vs. M/S NCR CORPORATION PVT LTD

In the result we do not find any merit in the appeal

Bench: ALOK ARADHE,M.NAGAPRASANNA

depreciation. It has further been held that computer is integral part of ATM machine and on the basis of information processed by the computer in ATM machine only, the mechanical function of the dispensation of cash or deposit

THE SRI KANNIKAPARAMESWARI CO OP BANK LIMITED vs. THE INCOME TAX OFFICER

The appeal stands allowed

Bench: S.SUJATHA,HANCHATE SANJEEVKUMAR

deposited funds at somewhat higher rate of interest. But the banker has always to keep enough cash or easily realizable securities to meet any probable demand by the depositors. No doubt there will generally be loans to persons of undoubted solvency which can quickly be called in, but it may be very undesirable to use this second line of defence

COMMISSIONER OF INCOME TAX vs. M/S.WINTAC LTD.,

The appeal is allowed in part

Bench: B.MANOHAR,DILIP B.BHOSALE

deposit as a part of sale consideration and also received Rs.4.49 crores as advance. Pursuant to the agreement, the TCL was put in possession. The TCL 13 sub-leased the said two Units to the RIL. However, the said agreements were cancelled. Since the Unit has been used for more than one year, the RIL had agreed to forego Rs.1.10

M/S FIDELITY BUSINESS SERVICES INDIA PVT LTD vs. ASSISTANT COMMISSIONER OF INCOME TAX

Bench: S.SUJATHA,VINEET KOTHARI

deposit certificates in any form, whether with or without interest, and any distribution to its preference shareholders of shares by way of bonus, to the extent to which the company possesses accumulated profits, whether capitalised or not; (c) any distribution made to the shareholders of a company on its liquidation, to the extent to which the distribution is attributable