Allocable Surplus - Judgment Search Results

Tradesvel Security Services Pvt. Ltd. Vs. State of Maharashtra

Court: Mumbai

Reported in: (1982)84BOMLR608

..... the base year on an assumption that the ratio which determined the allocable surplus in the base year was the normal ratio not affected by ..... of the act as the ratio for determining the minimum allocable surplus for each year the court held that if the concept of ..... bonus as allocation of an equitable share of the surplus profits had reality and condition that the ratio .....

ScIndia Steam Navigation Co. Ltd. Vs. ScIndia Employees Union and Othe ...

Court: Mumbai

Reported in: (1983)IILLJ476Bom; 1983MhLJ1058

..... rupees whichever is higher whether or not the employer has any allocable surplus in the accounting year and this provision was to operate ..... provided for in the act the act contemplated the concept of allocable surplus but if the parties intended to adopt some other formula ..... customary bonus does not require calculation of profit or available surplus because it is a payment founded on long usage and .....

Commissioner of Income-tax Vs. S.A.E. (i) Private Ltd.

Court: Chennai

Reported in: [1985]153ITR269(Mad)

..... of the workmen that such a deduction w not justified while determining the available surplus and the allocable surplus for the payment of bonus under the payment of bonus act the supreme court .....

Commissioner of Income-tax Vs. Janaki Ammal Ayya Nadar Trust

Court: Chennai

Reported in: [1985]153ITR159(Mad)

..... deduction for the income tax paid there may not be any surplus of allocation 16 we have to therefore agree with the view taken by ..... left with th trust after meeting all the expenditure that the surplus income can be arrived at in the case of a business ..... into account in the determination of the commercial profits and the available surplus in the hands of the trust for application for trust purposes .....

Shaw Wallace and Co. Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1982)2ITD181(Kol.)

..... amount in respect thereof 5 surplus i e balance in profit and loss account after providing for proposed allocations namely further the reserve ..... reserves are amounts set aside out of profits and other surpluses which are not designed to meet any liability contingency commitment ..... assessee is appearing as reserve under the head reserve and surplus in the balance sheet of the assessee vii the reserve .....

Indian Oxygen Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1984)7ITD81(Kol.)

..... of the assets is allocated to the par value of the shares and the balance to the capital surplus brought in account p ..... that the said revaluation reserve reflected nothing but the accumulation of surpluses of the company from sources other than the revaluation of ..... it rather represented accumulation of the company s profits and other surpluses other than those created by the revaluation of the assets .....

Commissioner of Wealth-tax and ors. Vs. S. Ram and ors.

Court: Chennai

Reported in: (1983)37CTR(Mad)158; [1984]147ITR278(Mad)

..... of the firm the surplus remaining if any in ascertained and then allocated as between the different partners which is embedded in rule 2 ..... basis of a notional dissolution and winding up of the firm wherein the real net surplus of every partner gets ascertained when after realization at market value of all the assets .....

P.B. Samant and ors. Vs. State of Maharashtra and ors.

Court: Mumbai

Reported in: 1982(1)BomCR367

..... officers all foodgrains distribution officers all assistant commissioners supply wherein in connection with the quarterly allocation for july september 1981 the concerned officers were directed to ensure that the parties who ..... exemptions enjoyed by the trusts was a potent factor for attracting donations by persons with surplus income liable to taxation with the result that it was in the interest of .....

Valley Forge Coll. Vs. Americans United

Court: US Supreme Court

..... taxpayer who contends that the federal government has exceeded the bounds of the law in allocating its largesse post at 454 u s 508 the concept of taxpayer injury necessarily recognizes ..... defense proposed to close the hospital and the general services administration declared it to be surplus property the department of health education and welfare hew eventually assumed responsibility for disposing of .....

N.M. Shah Vs. Second Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1982)1ITD244(Mum.)

..... the residue of the balance of the net wealth has to be allocated amongst the partners in accordance with the agreement in the partnership ..... under any of the methods will be to find out the surplus or deficit in revenue transactions of a particular period the transactions ..... appear on the right hand side of the balance sheet the surplus or deficit as per income and expenditure account will be shown .....