Allocable Surplus - Judgment Search Results

Life Insurance Corporation of India Vs. S.V. Oak and anr.

Court: Supreme Court of India

Reported in: AIR1965SC975; [1965]35CompCas388(SC); [1965]1SCR403

..... any investigation undertaken by the corporation under section 26 any surplus emerges not less than 95 per cent of such surplus shall be allocated to or reserved for the policy holders of the ..... results from an actuarial investigation is to be disposed of by allocating not less than 95 per cent of the surplus for the policy holders of the corporation the corporation has its .....

Kunjilal Gupta Vs. Commissioner of Income-tax, U.P.

Court: Allahabad

Reported in: [1964]52ITR27(All)

..... in the winding up in these assets the undistributed profits now allocated to capital will be included profits which will be used by ..... have acquired a capital character the appellant company has sold a surplus stock of dollars which it had acquired for the purpose of ..... bought more than he ultimately needs and proceeds to sell the surplus in ean involuntary acquisition there is no intention at the time .....

L. Kunji Lal Gupta Vs. Commissioner of Income Tax

Court: Allahabad

Reported in: AIR1964All457

..... in the winding up in these assets the undistributed profits now allocated to capital will be included profits which will be used by ..... have acquired a capital character the appellant company has sold a surplus stock of dollars which it had acquired for the purpose of ..... hasbought more than he ultimately needs and proceeds to sell the surplus it had an income character impressed upon it from the very .....

Polar Ice Cream Co. Vs. Andrews

Court: US Supreme Court

..... of milk where a distributor sells milk in both fluid and manufactured forms problems of allocation arise under federal milk marketing orders establishing marketwide pools the total proceeds received from the ..... these obligations continue to bind polar even though both its class i needs and the surplus obtainable from florida producers may steadily increase polar obviously will not and cannot use .....

C. Periaswami Goundan and ors. Vs. Sundaresa Iyer and ors.

Court: Supreme Court of India

Reported in: AIR1965SC516; [1964]8SCR347

..... upheld subject to the consideration set forthbelow 29 then it proceeded to consider whether any allocation of land should bemade between the archakas and the trustees after noticing the relevantdecisions on ..... be their own it was only natural that the worshippersshould take steps to secure the surplus income for the institutions 22 these observations are very apposite and they clearly describe .....

Commissioner of Income-tax Vs. Sharma and Co.

Court: Allahabad

Reported in: AIR1965All277; [1965]57ITR470(All)

..... it was not entitled to any fixed remuneration and that the allocation of the profits of the retail cloth shop lay entirely in ..... it over the management and advertisement charges he found that the allocation of the amount to the assessee depended upon the net profits ..... this purpose it actually expended rs 12 641 only leaving a surplus of rs 54956 in the assessment proceedings before the income tax .....

The Gift Tax Officer 'K' Ward and Anr. Vs. Kastur Chand JaIn

Court: Kolkata

Reported in: AIR1965Cal70,68CWN685,[1964]53ITR411(Cal)

..... members are entitled to share profits c the total of the amount allocated under clause b to each partner or member together with the capital ..... tax liability and no part of it was a concealed reserve or surplus of the company concerned mr meyer said that the matter was ..... liability of the company thus the item share capital and reserve and surplus on the liabilities side are not to any real sense its .....

Hazrat Pirmohamed Shah Saheb Roja Committee Vs. Commissioner of Income ...

Court: Gujarat

Reported in: AIR1967Guj49

..... therefore be regarded as a perverse now no specific properties were allocated for the purpose of meeting the expenses of maintenance of madrasas ..... statement of case that during those years a part of the surplus income of the properties after meeting this expenditure on the ..... in the maintenance of madrasas and library were out of the surplus income remaining in the hands of the assessee after meeting .....

Hazrat Pirmohamed Shah Saheb Roza Committee Vs. Commissioner of Income ...

Court: Gujarat

Reported in: [1965]58ITR360(Guj)

..... could therefore be regarded as perverse now no specific properties were allocated for the purpose of meeting the expenses of maintenance of ..... statement of case that during those years a part of the surplus income of the properties after meeting this expenditure on the ..... in the maintenance of madrassas and library were out of the surplus income remaining in the hands of the assessee after meeting .....

Massachusetts Trustees Vs. United States

Court: US Supreme Court

..... the incremental amount according to eastern s argument 709 a performs a dual function it allocates that percent of profits which may be reached as charter hire fixed by the commission ..... war rehabilitation of the private merchant marine by having the maritime commission sell or charter surplus war built government vessels the commission was instructed so far as practicable and consistent with .....