Allocable Surplus - Judgment Search Results

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 .....

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

Court: Kolkata

Reported in: [1978]111ITR825(Cal)

..... were respectively a surplus i e balance in the profit and loss account after providing for proposed allocation namely dividend bonus ..... these cases the high courts considered the nature of respective allocations made by the companies concerned towards taxation unclaimed dividend ..... and surplus and not the items under the head current liabilities and provisions in respect of the latter the allocation in .....

Hyderabad Asbestos Cement Products Ltd. Vs. Commissioner of Income-tax

Court: Andhra Pradesh

Reported in: [1976]105ITR822(AP)

..... the balance of the net profits after allocation to specific reserves and payment of dividend and entered in an account under the caption earned surplus constitute reserve generally referred to in india ..... balanced against liabilities capital stock and surplus while in the company accounts it was usual to provide for specific or special reserves but there was no allocation to a head called general .....

Reform Flour Mills (P.) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1978]111ITR852(Cal)

..... tax 1955 27itr436 cal it was held that if the surplus was simply carried forward without the persons in requisite authority allocating it particular periods it did not acquire the character of ..... losses were considered and the estimated past tax liabilities were deducted from the available distributable surplus the dividend declared was adequate the income tax officer however held that the existence .....

Commissioner of Income-tax, Central Vs. Bird and Co. (P.) Ltd.

Court: Kolkata

Reported in: [1977]108ITR253(Cal)

..... amount in respect thereof 5 surplus i e balance in profit and loss account after providing for proposed allocations namely dividend bonus or reserves ..... dividend was not less than sixty per cent of its distributable surplus for the assessment years 1955 56 1958 59 and 1959 ..... for the assessment year 1955 56 the dividends exceeded the available surplus as computed by the assessee in all the years the .....

Sukhdev Singh, Oil and Natural Gas Commission, Life Insurance Corporat ...

Court: Supreme Court of India

Reported in: AIR1975SC1331; [1975(30)FLR283]; 1975LabIC881; (1975)ILLJ399SC; (1975)1SCC421; [1975]3SCR619

..... undertaken by the corporation any surplus emerges ninety five per cent of such surplus or such higher percentage thereof as the central government may approve shall be allocated to or reserved for the .....

iyper Vs. L.i.C. of India

Court: Kerala

Reported in: (1976)IILLJ28Ker

..... investigation undertaken by the corporation any surplus emerges ninety five percent of such surplus or such higher percentage thereof as the central government may approve shall be allocated to or reserved for the .....

Bashir Ahmed Vs. the State of West Bengal and ors.

Court: Kolkata

Reported in: AIR1976Cal142

..... income or other property of the wakf shall be allocated to any particular object of the wakf ii declaring in what manner any surplus income of a wakf shall be utilised iii ..... was also stipulated that if after meeting of the above expenses there would remain any surplus income then the mutwali for the time being should spend in the first instance lest .....

Colonial Pipeline Co. Vs. Traigle

Court: US Supreme Court

..... applying the 1 50 rate to an allocated figure computed according to a general allocation formula provided in la rev stat ann ..... major fraction thereof on the amount of its capital stock surplus undivided profits and borrowed capital determined as hereinafter provided ..... the proportion of its entire issued and outstanding capital stock surplus undivided profits and borrowed capital computed on the basis .....

Additional Commissioner of Income-tax, Gujarat Vs. Ahmedabad, Millowne ...

Court: Gujarat

Reported in: [1977]106ITR725(Guj)

..... wagons to the respondent association and the association in its turn allocated some coal wagons out of the supply received by it ..... facts show that both before and after the accounting period the surplus which had remained with the respondent association on account of ..... was being refunded to the respective mills but the disputed surplus of rs 54 023 which the respondent association earned during .....