Allocable Surplus - Judgment Search Results

Rayalaseema Mills Limited Vs. Commissioner of Income-tax, Andhra Prade ...

Court: Andhra Pradesh

Reported in: (1984)42CTR(AP)348; [1985]155ITR19(AP)

..... schedule to the act if in any succeeding accounting year there is no available surplus or allocable surplus or the allocable surplus falls short of the minimum bonus the amount so carried forward has to ..... in the fourth schedule 2 where for any account year there is no available surplus or the allocable surplus in respect of that year falls short of the amount of minimum bonus payable .....

income-tax Officer Vs. Atiabari Tea Co. Ltd.

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1985)12ITD239(Kol.)

..... rs 5 18 505 the ito however pointed out that the allocable surplus available for the year in question for distribution of bonus as ..... in law and therefore the amount paid in excess of the allocable surplus could not be allowed as deduction under section 36 1 ii ..... any day in the year 1976 whether or not there was allocable surplus available for distribution amongst the employees section 34 of the payment .....

Malwa Vanaspati and Chemical Co. Ltd. Vs. Commissioner of Income-tax

Court: Madhya Pradesh

Reported in: [1985]154ITR655(MP)

..... 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 ..... which the learned counsel has placed reliance 15 1 where for any accounting year the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section .....

income-tax Officer Vs. Elys Chemicals Lab. (P.) Ltd.

Court: Mumbai

Reported in: [1986]17ITD325(Mum)

..... observed that during the previous year the company had suffered loss and there was no allocable surplus available from which the bonus at the rate of 20 per cent on salaries and ..... wages could be paid under the bonus act since there was no allocable surplus the liability of the company was only in respect of minimum bonus to the extent .....

Associated Publishers (Madras) Ltd. Vs. Govt. of Tamilnadu and ors.

Court: Chennai

Reported in: (1985)ILLJ63Mad

..... year or one hundred rupees whichever is higher whether or not the employer has any allocable surplus in the accounting year provided that where an employee has not completed fifteen years of ..... january 1977 amounts to rs 67 66 718 and after adjusting the available reserves and surpluses of rs 15 00 000 the carried over loss works out to rs 52 66 .....

Hindustan Insecticides Ltd. Vs. Commissioner of Income-tax, New Delhi

Court: Delhi

Reported in: [1984]149ITR372(Delhi)

..... loss account if any 5 surplus i e balance in profit and loss account after providing for proposed allocations viz dividend bonus or ..... assessed would be called upon to shoulder the responsibility and the allocation thereforee would be said to be in the nature of ..... company and the details thereof next follows the heading reserves and surplus under which are listed seven items 1 capital reserves 2 .....

Alcoa Vs. Clp Utility Dist.

Court: US Supreme Court

..... stakes involved in buying cheap federal power had become very high this competition for administrative allocations threatened to produce contentious litigation the uncertainty inherent in the situation greatly complicated the efforts ..... to public bodies and cooperatives when selling its power bpa for many years enjoyed a surplus of power that allowed it to satisfy the needs of all customers in the .....

Commissioner of Income-tax Vs. Darjeeling Club Ltd.

Court: Kolkata

Reported in: (1984)42CTR(Cal)338,[1985]153ITR676(Cal)

..... from the guests for stay to the dormitory account the ito allocated 60 per cent of the charges both from the permanent and ..... in the proportions in which they have individually contributed to the surplus fund the fact that the temporary or honorary members may go ..... of those who contribute and of those who participate in the surplus the fact of incorporation may be immaterial and the incorporated company .....

M. G. S. (P.) Ltd. Vs. Income-tax Officer.

Court: Income Tax Appellate Tribunal ITAT

Reported in: (1986)17ITD854(Bang.)

..... the lower authorities 3 we have considered rival submissions in our view the allocation made between the value of the buses and the value of the ..... to the commissioner appeals he agreed with the ito as to the allocation of value of old buses and the value of route permits at ..... was taken by him at rs 55 000 he held that the surplus realised on sale of route permits is assessable as capital gain thus .....

K.C.P. Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1984)10ITD896(Hyd.)

..... the asset in the assessee s case it was an ad hoc allocation besides there was no corresponding investment provision it is pointed out is ..... 5 or item 6 or item 7 under the heading reserves and surplus or of any item under the heading current liabilities and provisions ..... companies act cannot be treated as a reserve item 5 deals with surplus in profits and loss account while item 6 deals with proposed .....