Allocable Surplus - Year 1991 - Judgments

Apr 30 1991 (HC)

Tamil Nadu Water Supply and Drainage Board Engineers Association Etc. ...

Court: Chennai

Decided on: Apr-30-1991

Reported in: (1991)IILLJ394Mad; (1993)IIMLJ540

..... that where for any accounting year there is no available surplus or the allocable surplus in respect of that year falls short of the ..... s 11 where in respect of any accounting year the allocable surplus exceeds the amount of minimum bonus payable the employer shall ..... section 15 provides that if for any accounting year the allocable surplus exceeds the amount of maximum bonus payable to the employees .....

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Mar 20 1991 (TRI)

Assistant Commissioner of Vs. Shanker Refrigeration Co.

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Mar-20-1991

Reported in: (1991)37ITD389(Delhi)

..... employees this was 20 of their wages the ito observed that the assessee had no allocable surplus and therefore it was liable under the bonus act to pay only the minimum bonus ..... 20 the liability to pay bonus at a rate above 8 33 arises when the allocable surplus exceeds the amount of minimum bonus payable but section 11 restricts the maximum bonus payable .....

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Jun 17 1991 (HC)

Commissioner of Income-tax Vs. Sree Kamakhya Tea Co. (P.) Ltd.

Court: Kolkata

Decided on: Jun-17-1991

Reported in: [1993]199ITR714(Cal)

..... on the facts and in the circumstances of the case as there was no full allocable surplus during the year as per the provisions of the payment of bonus act 1965 the ..... of account of the assessee company and found that the allocable surplus during the year was only rs 9 80 536 and that surplus was eligible for payment of bonus in the absence .....

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Feb 05 1991 (HC)

Commissioner of Income-tax Vs. Holman Climax Manufacturing Ltd.

Court: Kolkata

Decided on: Feb-05-1991

Reported in: [1992]196ITR698(Cal)

..... stated the facts are that for the assessment year under consideration the assessee company had allocable surplus of rs 3 35 766 within the meaning of the payment of bonus act 1965 ..... not in all establishments moreover customary bonus does not require calculation of profits or available surplus because it is a payment founded on long usage and justified often by spending on .....

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Dec 17 1991 (TRI)

Eisen Pharmaceutical Co. (P.) Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Pune

Decided on: Dec-17-1991

Reported in: (1992)40ITD467(Pune.)

..... has been paid in this case only at the rate of 8 33 as per allocable surplus including the directors of the company who arc employees out of 15 employees considered by .....

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Dec 11 1991 (HC)

Jaipur PolyspIn Ltd. Vs. State of Rajasthan and anr.

Court: Rajasthan

Decided on: Dec-11-1991

Reported in: (1994)IILLJ917Raj

..... 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 .....

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Mar 22 1991 (HC)

Commissioner of Income-tax Vs. Rahimia Lands and Tea Co. (P) Ltd.

Court: Kolkata

Decided on: Mar-22-1991

Reported in: [1992]197ITR310(Cal)

..... be considered together in this year the assessee had incurred losses and as such no allocable surplus was available to the assessee in view of this the payment of ex gratia to .....

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Jan 08 1991 (HC)

international Airport Authority of India Vs. Municipal Corporation of ...

Court: Delhi

Decided on: Jan-08-1991

Reported in: AIR1991Delhi302; 43(1991)DLT601a

..... shall have its own funds section 20 refers to the allocation of surplus funds it inter alia provides that after making provision for ..... be taken requires the approval of ihe central government and the surplus funds which are available with the authority of its net ..... was submitted by the learned counsel for the petitioner that the surplus available with the authority had to be transferred to the .....

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Jan 07 1991 (HC)

State Bank of Bikaner and Jaipur Vs. State Bank of Bikaner and Jaipur ...

Court: Chennai

Decided on: Jan-07-1991

Reported in: (1993)ILLJ57Mad

..... whatsoever all profits earned at any time on the sale of investments and all surplus income not allocated for payment of interest as provided under these regulations shall be transferred to a .....

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Apr 02 1991 (HC)

S.S. Thakore and anr. Vs. State of Gujarat and ors.

Court: Gujarat

Decided on: Apr-02-1991

Reported in: (1992)1GLR68

..... clear from the fact that the circular dated 14th april 1971 refers to allocating clerk typists from the surplus wait list only when requisition for recruitment under the new scheme is received ..... the appeal observed that instead of being sent home they were re allocated to other department after they were declared surplus as regards the fixation of their seniority since they were recruited .....

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