Allocable Surplus - Judgment Search Results

Reliance International Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1986)16ITD43(Delhi)

..... it from the point of view of its inclusion in the allocable surplus for the purpose of distribution of bonus the payment of ..... from the income of the concern for the purpose of determining allocable surplus it was therefore totally erroneous to presume that the case ..... to import entitlements as indicated in the same annexure b allocation and supply of indigenous raw materials etc in accordance with .....

Workmen of Messrs Binny Ltd. Vs. Management of Binny Ltd. and anr.

Court: Supreme Court of India

Reported in: AIR1986SC509; [1985(51)FLR345]; 1985LabIC1792; (1985)IILLJ564SC; 1985(2)SCALE329; (1985)4SCC325; [1985]Supp2SCR652

..... prepared the court could proceed to award bonus on the allocable surplus that portion of the award reads as follows but section ..... of the whole undertaking in such case the computation of allocable surplus for the payment of bonus should be on the basis ..... quantification of bonus payable had to be made on consolidated surplus available taking into account balance sheet of amalgamating companies second .....

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

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1985)12ITD259(Kol.)

..... head labour welfare and incentive the ito also went through the allocable surplus wherein he found that bonus amounting to rs 7 55 ..... 776 the ito held that since the assessee company had no allocable surplus it should have paid bonus to its employees only at ..... production instead of profit sharing bonus under section 10 if the allocable surplus exceeds the amount of minimum bonus a proportion of the .....

Workmen of Modern Mills Vs. General Manager

Court: Karnataka

Reported in: ILR1986KAR1302; (1986)IILLJ329Kant

..... to the workmen under the act after working out the allocable and available surplus 10 however it was contended by the learned counsel for ..... hubi will have to be worked out by calculating the allocable and available surplus on the basis of the figures available in the trial ..... the profit and loss account and the trial balance sheet disclose surplus permitting the company to pay 20 bonus as claimed by the .....

Hooper Vs. Bernalillo County Assessor

Court: US Supreme Court

..... residents in zobel the program had no rational justification other than a purpose to allocate a cash surplus among the majority of the citizenry on the basis of the duration of their .....

Commissioner of Income-tax Vs. Late G.D. Naidu and ors. (by Lrs. G.D. ...

Court: Chennai

Reported in: (1986)51CTR(Mad)256; [1987]165ITR63(Mad)

..... case the tribunal was right in an had valid material to allocate the compensation received by the assessee towards share in the assets ..... treated as amounting to a business in itself and that the surplus realised therefrom by the assessee cannot be taxed as business income ..... the assessee cannot be assessed to capital gains tax on the surplus realised 5 whether on the facts and in the circumstances of .....

Union of India (Uoi) and anr. Vs. R.G. Kashikar and anr.

Court: Supreme Court of India

Reported in: AIR1986SC431; 1986(34)BLJR479; [1986(52)FLR308]; (1986)ILLJ435SC; 1985(2)SCALE1433; (1986)1SCC458; 1986(1)SLJ475(SC); 1986(1)LC263(SC)

..... of absorption was completed until then they were still retained in central governments service although allocated to different states and as such employees they were entitled to be treated alike ..... governments had the effect of decentralising the national discipline scheme and the instructors had become surplus at the center nof can we support their conclusion that classification between the central .....

Rohiniben Trust Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1985)13ITD830(Mum.)

..... question was what should be the cost in a trading account allocable to bonus shares while computing the profit dalmia investment co ..... device of notionally drawing up a trading account to ascertain the surplus it was in this context that out of several methods ..... treating the entire consideration received for the sale as the taxable surplus was however apparent when the very question of goodwill having .....

Fnb Atlanta Vs. County Tax Assessors

Court: US Supreme Court

..... part by liabilities and when they are a pro rata method of allocating a fair share of the federal obligations to liabilities does not infringe ..... atlas life that a pro rata deduction that does no more than allocate to tax exempt values their just share of a burden fairly imposed ..... prove that its federal obligations were actually purchased from capital stock or surplus 251 ga at 834 n 3 312 s e 2d at 105 .....

Life Insurance Corporation of India Vs. Escorts Ltd. and ors.

Court: Supreme Court of India

Reported in: AIR1986SC1370; [1986]59CompCas548(SC); (1986)1CompLJ91(SC); 1986(8)ECC189; 1985(2)SCALE1289; (1986)1SCC264; [1985]Supp3SCR909

..... rs 38 682 in the nre account of caparo group limited was allocated pro rata to the thirteen accounts on 2nd june 1983 in terms ..... adjust the rights of the contributories amongst themselves and to distribute the surplus among the persons entitled thereto 75 we have also no notice ..... court for winding up of the company vii to share in the surplus on winding up a share is transferable but while a transfer .....