Allocable Surplus - Judgment Search Results
Home > Cases Phrase: allocable surplus Year: 1976 Page 1 of about 15 results (0.033 seconds)Workmen of National and Grindlays Bank Ltd. Vs. the National and Grind ...
Court: Supreme Court of India
Decided on: Jan-16-1976
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 .....
Tag this Judgment! Ask ChatGPTManagement of N.G.E.F. Ltd., Bangalore Vs. their Workmen
Court: Karnataka
Decided on: Jul-09-1976
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 .....
Tag this Judgment! Ask ChatGPTThe Mumbai Kamgar Sabha, Bombay Vs. Abdulbhai Faizullabhai and ors.
Court: Supreme Court of India
Decided on: Mar-10-1976
Reported in: AIR1976SC1455; (1976)IILLJ186SC; (1976)3SCC832; [1976]3SCR591
..... bonus similarly the provision for set on and set off of allocable surplus and the like are pertinent to profit based bonus schematically ..... bonus similarly the provision for set on and set off of allocable surplus and the like are pertinent to profit based bonus pai ..... moreover customary bonus does not require calculation of profits available surplus because it is a payment founded on long usage and .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Gujarat-i Vs. Mafatlal Chandulal and Co. L ...
Court: Gujarat
Decided on: Jun-28-1976
Reported in: [1977]107ITR489(Guj)
..... of accounting prevalent in the united states they had to be allocated to some account and they were allocated to earned surplus which was intended to designate a fund to be utilised for ..... schedule ii to the business profits tax act if the surplus is simply carried forward without the persons in requisite authority allocating it to any particular purpose of capital computation under the .....
Tag this Judgment! Ask ChatGPTShree Ram Milis Ltd. Vs. Commissioner of Income-tax, Bombay City-i
Court: Mumbai
Decided on: Mar-01-1976
Reported in: [1977]108ITR27(Bom)
..... s case 1966 59itr685 sc the court held that the amount which had been allocated to earned surplus which was intended for the purpose of business of the assessee company and was ..... in the accounts to designate the residue on hand as surplus undivided profits or earned surplus where the balance of net profits after allocation to specific reserves and payment of dividend are entered .....
Tag this Judgment! Ask ChatGPTM/S. Food Corporation of India Vs. State of Andhra Pradesh.
Court: Andhra Pradesh
Decided on: Dec-03-1976
Reported in: (1977)6CTR(AP)108
..... other foodstuffs in chapter v dealing with finance accounts and audit s 33 deals with allocation of surplus profits it enjoins on the food corporation to establish a reserve fund to which .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Bombay City-ii Vs. Geoffrey Manners and Co ...
Court: Mumbai
Decided on: Mar-28-1976
Reported in: [1977]108ITR987(Bom)
..... and loss account if any 5 surplus i e balance in profits and loss account after providing for proposed allocations namely dividend bonus or reserves 6 ..... he submitted that the directors in their report dated june 19 1964 allocated a sum of rs 13 00 000 to be credited to ..... the balance in the dividend reserve account was zero prior to the allocation made by the allotment of rs 13 00 000 in dividend .....
Tag this Judgment! Ask ChatGPTAdditional Commissioner of Income-tax, Madras-i Vs. Thirumagal Mills L ...
Court: Chennai
Decided on: Nov-26-1976
Reported in: [1977]108ITR236(Mad)
..... loss account if any 5 surplus i e balance in profit and loss account after providing for proposed allocations namely dividend bonus or ..... sheet is concerned there is the express heading as reserves and surplus under that heading several sub headings are given such as ..... page 42 an amount set aside out of profits and other surpluses not designed to meet a liability contingency commitment or diminution .....
Tag this Judgment! Ask ChatGPTN.K. Chauhan and ors. Vs. State of Gujarat and ors.
Court: Supreme Court of India
Decided on: Nov-01-1976
Reported in: AIR1977SC251; 1977LabIC38; (1977)1SCC308; [1977]1SCR1037
..... taking the year as a unit there have been surplus promotees beyond their allocation even after taking into account impracticability of getting direct ..... service with effect therefrom on the basis of a quota allocation and rota system telescoped into it proved a plain dupe ..... this court be set off and absorbed in the later allocable vacancies the pro tempore illegal appointments being thus regularised of .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Indian Smelting and Refining Co. Ltd.
Court: Mumbai
Decided on: Jun-18-1976
Reported in: [1977]107ITR793(Bom)
..... year and the profits brought forward from the previous year and allocated certain amounts to the reserve fund and the dividend reserve fund ..... page 42 an amount set aside out of profits and other surpluses not designed to meet a liability contingency commitment or diminution in ..... reserve but an amount set aside out of profits and other surpluses to provide for any known liability of which the amount .....
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