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Judgment Search Results Home > Cases Phrase: contract of indemnity contract Court: income tax appellate tribunal itat hyderabad Year: 1988 Page 1 of about 2 results (0.134 seconds)

Aug 04 1988 (TRI)

income-tax Officer Vs. Hyderabad Industries Ltd.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Decided on : Aug-04-1988

Reported in : (1989)29ITD50(Hyd.)

..... 26,29,364 and duty drawback in respect of this export. epi had informed the department that their main object was to undertake industrial civil contracts on payment basis and though promoting and marketing of these goods are not their main activity, epi tried to export from india, the goods required ..... in the name of epi only.6. with regard to the payments to be effected there was some difficulty in adhering to the original clauses in the contract of 23rd april, 1976. there was, therefore, a further adjustment brought about in the meeting held on 1st december, 1976. following agreements were arrived ..... iraqi authorities to accept the supplies from india. (iv) the assessee would pay epi a service charge of 10 per cent of the total contract price in indian rupees (in india for marketing their product in iraq).it appears that apart from this, there was also a further requirement regarding ..... the market for purchase of pipes which would be utilised in the contract. it appears that negotiations were going on with a japanese company for purchase of ductile iron pipes. the assessee-company approached epi and convinced them that ..... merely a trade discount given to the buyer.3. the government of iraq had invited tenders for laying pipes for the basra water supply scheme. the contract was given to m/s. engineering projects (india) limited (epi for short), a public sector undertaking of the government of india. epi was in .....

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Jun 13 1988 (TRI)

income-tax Officer Vs. Jupudi Parthasarathy

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Decided on : Jun-13-1988

Reported in : (1989)28ITD303(Hyd.)

..... as a motor car or taxi.10. in the present case what appears is that on the basis of a contract, the assessee agreed to give on hire a car at a rental of rs. 50 per day. such a contract may be binding between the parties to it but it cannot take the character of something in rem by which public .....

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