Allocable Surplus - Judgment Search Results

Molins of India Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1984)8ITD30(Kol.)

..... schedule 2 where for any accounting year there is no allocable surplus or the allocable surplus in respect of that year falls short of the ..... making of the payment in excess of allocable surplus and so long as there was allocable surplus in excess of the minimum bonus payable ..... rupees whichever is higher or in a case where the allocable surplus exceeds the said amount of minimum bonus payable to the .....

Indian Oxygen Ltd. Vs. Workmen

Court: Supreme Court of India

Reported in: AIR1972SC471; [1972(24)FLR184]; (1972)ILLJ627SC; (1972)4SCC578; [1972]2SCR816

..... basis it fixed the sum of rs 39 17 704 as the allocable surplus being 60 of available surplus as the allocable surplus so fixed was more than 20 of the annual wage bill of ..... respect of every subsequent accounting year section 2 contains definitions of various expressions the expressions allocable surplus available surplus direct tax gross profits and the income tax act are defined in clauses 4 .....

Workmen of National and Grindlays Bank Ltd. Vs. the National and Grind ...

Court: Supreme Court of India

Reported in: AIR1976SC611; (1976)ILLJ463SC; (1976)1SCC925; [1976]3SCR130

..... in the fourth schedule 2 where for any accounting year there is no available surplus or the allocable surplus in respect of that year falls short of the amount of minimum bonus payable ..... next material section and it provides inter alia 1 where for any accounting year the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section .....

Babasaheb Kedar Shetkari Through Its Chairman and Another Vs. Madhukar ...

Court: Mumbai Nagpur

..... years according to him the declaration of percentage of bonus is linked with the available allocable surplus of the employer during the relevant accounting years 5 inviting my attention to the definition ..... with the discretion of an employer to declare the percentage of bonus irrespective of the allocable surplus available with him such a voluntary declaration of a definite or fixed percentage or .....

Harrisons and Crosfield Limited Vs. Industrial Tribunal and ors.

Court: Kerala

Reported in: (1976)IILLJ289Ker

..... to the workmen is to be worked out on the allocable surplus allocable surplus is defined in section 2 4 of the act thus 4 allocable surplus means a in relation to an employer being a ..... s harrisons crosfield limited and its workmen represented by several unions in the award the allocable surplus has been worked out and bonus has been determined accordingly the controversy concerns the determination .....

Management of N.G.E.F. Ltd., Bangalore Vs. their Workmen

Court: Karnataka

Reported in: (1976)IILLJ324Kant

..... 1971 72 and 1972 73 there was no allocable surplus while in 1973 74 the allocates be surplus was rs 8 27 028 the deficit ..... provided that wherefor any accounting year there is no available surplus or allocable surplus in respect of that year falls short of the amount ..... the management is entitled to deduct rs 26 98 lakhs from allocable surplus towards set off for previous years whether this claim of .....

Deputy Commissioner of Vs. Kicha Sugar Co. Ltd.

Court: Income Tax Appellate Tribunal ITAT Delhi

..... in the fourth schedule 2 where for any accounting year there is no available surplus or the allocable surplus in respect of that year falls short of the amount of minimum bonus payable ..... traditional bonus or contractual bonus similarly the provision for set on and set off of allocable surplus and the like are pertinent to profit based bonus schematically speaking statutory bonus is profit .....

Railway Employees Co-operative Banking Society Vs. Industrial Tribunal ...

Court: Rajasthan

Reported in: 1981WLN(UC)480

..... in view of the profits earned the allocable surplus and the position of the allocable surplus and amount sit on and set off ..... have claimed in their balance sheets while coming to the allocable surplus the tribunal therefore held that the workmen were entitled ..... could not have been taken into consideration for computation of allocable surplus according to him the balance sheets show book profits and .....

M/S. Instrument Research Associates Pvt. Ltd., Rep by Its Chief Accoun ...

Court: Karnataka

Reported in: 2012ILR(Kar)159; 2012(1)KantLJ467; 2012(1)KCCR475

..... that where for any accounting year there is no surplus or the allocable surplus in respect of that year falls short of the ..... of any accounting year referred to in section 10 the allocable surplus exceeds the amount of minimum bonus payable to the employees ..... consider whether the balance sheets of the employer disclosed 8216 allocable surplus 8217 carried forward in accordance with section 15 of the .....

Rayalaseema Mills Limited Vs. Commissioner of Income-tax, Andhra Prade ...

Court: Andhra Pradesh

Reported in: (1984)42CTR(AP)348; [1985]155ITR19(AP)

..... schedule to the act if in any succeeding accounting year there is no available surplus or allocable surplus or the allocable surplus falls short of the minimum bonus the amount so carried forward has to ..... in the fourth schedule 2 where for any account year there is no available surplus or the allocable surplus in respect of that year falls short of the amount of minimum bonus payable .....