Allocable Surplus - Judgment Search Results
Home > Cases Phrase: allocable surplus Year: 1980 Page 1 of about 12 results (0.035 seconds)Petroleum Employees Union Vs. Industrial Court Maharashtra and anr.
Court: Mumbai
Decided on: Feb-14-1980
Reported in: 1981MhLJ316
..... casts an obligation on the employers to pay bonus to their employees out of the allocable surplus understood in common parlance as a profit based bonus this section merely seeks to ensure .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Delhi-ii Vs. Coca Cola Export Corporation
Court: Delhi
Decided on: Sep-22-1980
Reported in: [1981]127ITR567(Delhi)
..... 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 for and was used in subsequent years for ..... out of it and the balance was regarded as earned surplus at the end of the year this account was specifically allocated for utilisation for the purpose of business year after year .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Delhi (Central) Vs. Orissa Cement Ltd.
Court: Delhi
Decided on: Feb-14-1980
Reported in: [1980]124ITR251(Delhi); [1981]6TAXMAN387(Delhi)
..... 5 6 and 7 are as follows 5 surplus i e balance in profit and loss account after providing for proposed allocations namely dividend bonus or reserves 6 proposed additions to reserves ..... large number of judicial decisions have been rendered on the question whether certain types of allocations made by companies constitute reserves for the purposes of these enactments before discussing these decisions .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Central Vs. Shalimar Tar Products (1935) L ...
Court: Kolkata
Decided on: May-06-1980
Reported in: (1980)17CTR(Cal)133,[1981]127ITR86(Cal)
..... 1955 27itr436 cal wherein it is held that if the surplus is simply carried forward without the persons in requisite authority allocating it to any particular purpose as a reserve it does ..... schedule vi to the companies act 1956 is the surplus which remains over after allocation of reserves as the subsidies in question had been allocated in the balance sheet as reserves the explanation .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Delhi (Central) Vs. Bharat Development P. ...
Court: Delhi
Decided on: Aug-01-1980
Reported in: [1982]135ITR456(Delhi)
..... and liabilities and in respect of these items the price allocated was rs 50 000 thus the total purchase price as ..... process of those amalgamations the assessed companies have enjoyed considerable surplus and stood to gain substantially figures thereof have been already ..... companies it is thereforee contended that the amounts appearing as surplus are revenue receipts received in the course of business by .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Hill Goods Truck Owners Union
Court: Punjab and Haryana
Decided on: Jan-21-1980
Reported in: (1980)16CTR(P& H)42; [1980]124ITR224(P& H)
..... as and when any load was received by the union it was allocated to its members turn by turn on payment of re 1 at ..... such an activity does not constitute a trading activity and hence the surplus arising out of such activities is not chargeable to income tax 5 ..... and the tribunal misdirected itself and went wrong in holding that the surplus arising out of the activities of the assessee were not chargeable .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax and Super Profits Tax Vs. Indian Leaf Tobac ...
Court: Kolkata
Decided on: Sep-02-1980
Reported in: (1981)22CTR(Cal)344,[1981]132ITR831(Cal)
..... two items represent excess provision they still form part of the allocation for specified purposes and they have been utilised by the ..... for setting aside any amount out of profits and other surpluses for any contingencies provision for pension was therefore held to ..... reserves are amounts set aside out of profits and other surpluses which are not designed to meet any liability contingency commitment .....
Tag this Judgment! Ask ChatGPTNew Delhi Vs. Gedore Tools (India) Pvt. Ltd., New Delhi
Court: Delhi
Decided on: Aug-01-1980
Reported in: [1980]126ITR673(Delhi)
..... the tribunal further held that the assessed had maintained systematic accounts allocating assets and liabilities and transactions in general to the two ..... the company was rs 10 lakhs while its reserves and surplus were rs 39 04 lakhs 5 the assessed company claimed ..... is different from the capital belonging to the assessed company if surplus reserve capital is available with the assessed company it can .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Karam Chand Thapar and Brothers
Court: Kolkata
Decided on: May-15-1980
Reported in: (1980)19CTR(Cal)49,[1981]131ITR175(Cal)
..... sheet of the company did not indicate that these items were allocated to any reserve these items were items providing for payment of ..... exclusively set apart from profits but might be from other available surplus in that context we held the expression reserve in rule 1 ..... or item 6 or item 7 under the heading reserves and surplus or of any item under the heading current liabilities and provisions .....
Tag this Judgment! Ask ChatGPTGhazanfar Ali Khan Etc. Vs. State of U.P. and ors.
Court: Allahabad
Decided on: Nov-17-1980
Reported in: AIR1982All201
..... should be exercised with restraint which serves to maintain the system by preserving the constitutional allocation of powers and by protecting the unique function of the court 12 justifying the imposition ..... fluctuations from season to season so that we have lived in the fear of cyclic surpluses and scarcities the consumption of sugar has increased rapidly from 26 00 000 tonnes in .....
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