Allocable Surplus - Judgment Search Results

Workmen Vs. Management of Sijua (Jherriah) Electric Supply Co Ltd.

Court: Supreme Court of India

Reported in: AIR1973SC2766; 1975(0)BLJR135; 1973LabIC1621; (1973)IILLJ488SC; (1974)3SCC473; [1974]1SCR760; 1973(5)LC892(SC)

..... offered only 4 per cent bonus to all the employees of its establishment because the allocable surplus which was available was less than 4 per cent subsequently having regard to the decision ..... of the madras high court it revised the calculations of allocable surplus and offered to distribute to its employees under the payment of bonus act 1965 hereinafter .....

Additional Commissioner of Income-tax Vs. Jai Bajrang Nail Industries

Court: Punjab and Haryana

Reported in: [1974]95ITR415(P& H)

..... accounts for the period ended march 31 1964 after arriving at the allocable surplus the maximum bonus was determined under the provisions of section 11 ..... 1 iii a there is no dispute that after arriving at the allocable surplus the maximum bonus was to be determined under the provisions of ..... had to be computed with reference to the available surplus as defined in section 2 4 which was 60 of the .....

The Management of J.K. Paper Mills Vs. Workmen and 2 ors.

Court: Orissa

Reported in: (1973)ILLJ518Ori

..... during the accounting year is the basis section 15 provides for carrying forward of the allocable surplus on a set on and set off basis subject to certain limitations section 17 authorises ..... in order to arrive at the available surplus provided for in section 5 section 2 4 defines allocable surplus to mean sixty per cent of the available surplus in an accounting year subject to .....

The Workmen of H.M.T. and anr. Vs. the Presiding Officer, National Tri ...

Court: Supreme Court of India

Reported in: AIR1973SC2300; [1973(26)FLR311]; (1973)IILLJ100SC; (1973)2SCC277; [1973]3SCR850

..... the key to the act as it fixes the property which is to provide the allocable surplus for the distribution of bonus in terms of the act as the different units in .....

Braithwaite and Co. (India) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1978]111ITR729(Cal)

..... item ii is headed reserve and surplus clause 5 of item ii reads surplus that is balance in profit and loss account after providing for proposed allocations viz dividend bonus or reserves 32 ..... the balance in the profit and loss account is referred to as the surplus and as the head reserve and surplus clearly indicates a surplus is .....

Commissioner of Income-tax Vs. Indian Steel Rolling Mills Ltd.

Court: Chennai

Reported in: [1973]92ITR78(Mad)

..... the balance was regarded as earned surplus at the end of the year this account was specifically allocated for utilisation for the purpose ..... for taxation in assessment year would also be reserve amount allocated for excess provision of taxation was available for use by ..... liabilities and provisions on the one hand and reserves and surplus on the other and that therefore the assessee itself should .....

State of Rajasthan and ors. Vs. Shri Sajjanlal Panjawat and ors.

Court: Supreme Court of India

Reported in: AIR1975SC706; (1974)1SCC500; [1974]2SCR741; 1973()WLN1008

..... new trustee to determine what portion of trust property shall be allocated to any particular object of the trust and for providing a ..... purposes for which the institutions have been founded and that the surplus income after meeting those purposes was to be made available ..... that shri rikhabdevji temple is a jain temple and that the surplus income after meeting those purposes was to be made available for .....

CBS Vs. Democratic Nat'l Committee

Court: US Supreme Court

..... followed in the regulation of broadcasting congress and the commission could appropriately conclude that the allocation of journalistic priorities should be concentrated in the licensee rather than diffused among many ..... econ 15 31 1967 moreover as in burton the publicly owned property is not surplus state property but rather constitutes an integral and indeed indispensable part of the governmental .....

United States Vs. Chicago, B. and Q. R. Co.

Court: US Supreme Court

..... properties to which the reductions required by this paragraph shall be allocated shall be determined under regulations prescribed by the secretary or his ..... 8 property acquired by issuance of stock or as paid in surplus if the property was acquired after december 31 1920 by a ..... dougall corporate financial policy 136 138 4th ed r marple capital surplus and corporate net worth 136 137 1 j mertens law of .....

Commissioner of Income-tax Vs. Hasanali Khanbhai and Sons

Court: Gujarat

Reported in: [1987]165ITR195(Guj)

..... the partners will have to again pay tax on the capital gains allocated to their respective shares and such allocation was contemplated under section 67 2 of the act and the tribunal ..... the assessee and the income tax officer sought to levy capital gains tax on the surplus arising out of the sale of the land by the assessee firm it was contended .....