Allocable Surplus - Year 1994 - Judgments

May 20 1994 (TRI)

Nirfabrics Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Decided on: May-20-1994

Reported in: (1994)50ITD336(Mum.)

..... the commission and brokerage was paid as regards bonus the existence of allocable surplus was required to be verified so as to justify the payment ..... tax has not given any categorical finding regarding the absence of allocable surplus to justify the payment of bonus at 20 it is not ..... anybody s case that there was no allocable surplus to justify the payment of bonus at 20 here also there .....

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Jul 29 1994 (HC)

Bangalore Water Supply and Sewerage Board Vs. Workmen and Others

Court: Karnataka

Decided on: Jul-29-1994

Reported in: 1995(1)KarLJ113

..... the employee even when the establishment does not have on a year s working adequate allocable surplus justifying payment of bonus the supreme court observed thus the object of the act being .....

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Jul 29 1994 (HC)

Bangalore Water Supply and Sewerage Board Vs. Workmen

Court: Karnataka

Decided on: Jul-29-1994

Reported in: ILR1994KAR2794

..... the employee even when the establishment does not have on a year s working adequate allocable surplus justifying payment of bonus the supreme court observed thus the object of the act being .....

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Feb 22 1994 (SC)

Workmen Vs. J.K. Jute Mills Co. Ltd. and anr.

Court: Supreme Court of India

Decided on: Feb-22-1994

Reported in: (1996)IILLJ689SC; 1995Supp(4)SCC58

..... 34 suggest streamlining the bonus at the statutory rate of 4 when there is no allocable surplus in substitution of the bonus provided in any award agreement settlement or contract the combined .....

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Feb 14 1994 (TRI)

Kalasa Tea and Produce Co. Ltd. Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Feb-14-1994

Reported in: (1994)50ITD170(Mad.)

..... the surplus is after providing for the proposed allocations inter alia for dividend according to the ..... which under the head reserves and surplus states as follows 5 surplus le balance in profit and loss account after providing for proposed allocation namely dividend bonus or reserves therefore .....

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Jul 22 1994 (HC)

Naranbhai Amthalal Panchal Vs. Ramchandra Somnath

Court: Gujarat

Decided on: Jul-22-1994

Reported in: (1995)1GLR354

..... representing the value of the property and therefore when the residue is distributed by allocating the property to any partner proportionate to his share no partition or transfer takes ..... arbitration award directing dissolution of partnership firm and providing distribution of residue or surplus properties of dissolved firm among partners after settlement of accounts not required to be .....

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Mar 21 1994 (HC)

Commissioner of Income-tax Vs. Ganganagar Fertilizer Corporation.

Court: Rajasthan

Decided on: Mar-21-1994

Reported in: (1995)126CTR(Raj)366; [1995]214ITR317(Raj)

..... partnership act what would be the residue which would ultimately be allocable to the partners in that residue which becomes divisible among the ..... is there any extinguishment of interest of other partners in the allocated property in the sense of a transfer or extinguishment of ..... to say unless the accounts are settled and the residue or surplus determined what would be the extent of the interest of each .....

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Sep 08 1994 (SC)

Rakesh Chandra Narayan Vs. State of Bihar and Others

Court: Supreme Court of India

Decided on: Sep-08-1994

Reported in: AIR1995SC208; 1995(1)BLJR62; JT1994(6)SC30; 1994(3)SCALE1034; 1994Supp(3)SCC478

..... appropriate sanctions 12 the dayal report further suggests that the financial allocation for food for the indoor patients be increased from rs ..... staff of various categories including nursing posts and also the surplus staff particularly in the c d group categories with the ..... needed the dayal report has suggested the sale of some surplus land to the public sector or other corporate sector in .....

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May 12 1994 (HC)

Commissioner of Income-tax Vs. Balmer Lawrie and Co. Ltd.

Court: Kolkata

Decided on: May-12-1994

Reported in: [1995]215ITR249(Cal)

..... the reduction in the allowable deduction under section 80hh arose due to variation in the allocation of common expenses for deduction while working out the profit of the unit the assessee ..... the assessee was not entitled to any deduction under section 80hh as there was no surplus in the said freight container unit cochin after adjusting the past losses and therefore no .....

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Jun 27 1994 (HC)

Mohan Cooperative Industrial Estate Ltd. Vs. Assistant Commissioner of ...

Court: Delhi

Decided on: Jun-27-1994

Reported in: (1994)50TTJ(Del)504

..... the aforesaid amount of interest was not its income as it had been resolved to allocate the same to the members and make adjustments in the development charges which they would ..... a sum of rs 62 09 279 towards cost of land development charges etc the surplus funds of the assesses society were invested in fixed deposits with the bank and which .....

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