1956 (7) TMI 41

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....A. 15/6/5/56-57/131 dated the 6th July, 1956.   "I am to inform you that the amount of Rs. 10,037 due to Messrs. Organic Fertilisers and Chemicals, Mattancherry, has been adjusted towards arrears of sales tax in the accounts of this office for 3/56 final". 2.. The petitioner has no doubt sufficient interest to question the adjustment. This is clear from Exhibit B, an agreement between the firm and the petitioner dated the 8th September, 1955, and Exhibit C, the power-of-attorney dated the 10th September, 1955, which were forwarded to the Government along with the covering letter, Exhibit D, dated the 13th September, 1955. Exhibit D reads as follows: "Sub: Bone-meal supply to Government-2000 tons under tender -Account Messrs. Orga....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....id goods under their lock and key in a godown to be arranged by the 'borrowers' at their expense. The 'borrowers' hereby agree to pay to the 'bank' all expenses and incidental charges for the transport of the goods from warehouse to warehouse. (iii) Whenever a request is made by the 'borrowers' to the 'bank' for releasing the goods for the purpose of sending them to the various Government Depots in Travancore-Cochin State, it is hereby agreed that on obtaining a 'trust receipt' from the 'borrowers' the 'bank' should release the goods in trust to the 'borrowers' who will surrender the goods to the Government at the Government Depots. (iv) The 'borrowers' hereby agree that after the receipt and supply of every lot of one hundred tons or above....