Allocable Surplus - Year 1997 - Judgments

Nov 28 1997 (HC)

Seshasayee Paper Boards Ltd. Vs. Commissioner of Income- Tax

Court: Chennai

Decided on: Nov-28-1997

Reported in: [1999]237ITR488(Mad)

..... 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 ..... section 15 after the said amendment reads as under where for any accounting year the allocable surplus exceeds the amount of maximum bonus payable to the employees in the establishment under section .....

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Jan 13 1997 (HC)

J.K. Acrylics Vs. Union of India (Uoi)

Court: Rajasthan

Decided on: Jan-13-1997

Reported in: (1997)IILLJ608Raj; 1997WLC(Raj)UC1

..... in the accounting year in accordance with the provisions of the act after calculating the allocable surplus under section 8 of the bonus act every employee is entitled to be paid the ..... of the fact whether company has earned any profit or not or there is any allocable surplus or not section 11 provides for payment of maximum bonus i e upto 20 section .....

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Nov 25 1997 (SC)

State of T.N. Represented by Secretary, Housing Deptt., Madras Vs. K. ...

Court: Supreme Court of India

Decided on: Nov-25-1997

Reported in: AIR1997SC4325; JT1997(9)SC316; (1998)1SCC318; [1997]Supp5SCR345

..... year or one hundred rupees whichever is higher whether or not the employer has any allocable surplus in the accounting year section 32 of the act gives classes of employees who are .....

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Feb 27 1997 (HC)

Commissioner of Income Tax Vs. Navjivan Mills Ltd.

Court: Gujarat

Decided on: Feb-27-1997

Reported in: [1997]227ITR322(Guj)

..... singularly the liability of bonus in respect of particular year which depends upon determination of allocable surplus and is known only after settlement of final accounts and statutory adjustments thereafter is determinable .....

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Apr 25 1997 (HC)

Nachane Ashiwni Shivram and ors. Etc. Vs. State of Maharashtra and anr ...

Court: Mumbai

Decided on: Apr-25-1997

Reported in: 1997(4)ALLMR602; 1997(3)BomCR680; (1997)4BOMLR556; 1998(2)MhLj234

..... university area wise on the strength of 1991 census population surplus seats as arrived from the existing seats would proportionately be allocated to the university areas where there has been a deficiency ..... required number of seats in the region s having a surplus c while filling up the seats in the 70 category allocable to students from the area of different development boards due .....

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Dec 19 1997 (HC)

idar Municipal Borough Vs. State of Gujarat and ors.

Court: Gujarat

Decided on: Dec-19-1997

Reported in: (1998)1GLR722

..... and to be included in idar nagar panchayat the employees had become surplus and were ordered to be allocated to idar nagar panchayat the development commissioner after application of mind passed ..... nos 41 and 42 and considering all relevant facts the development commissioner passed an order allocating them to appellant panchayat the appellant panchayat therefore cannot refuse to obey the said .....

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Dec 09 1997 (HC)

Hyder MohiuddIn Vs. Life Insurance Corporation of India

Court: Andhra Pradesh

Decided on: Dec-09-1997

Reported in: 1998(4)ALD166; 1998(1)ALT1

..... to the corporation he submits that 95 of such surplus or higher percentage thereof as the central government may approve shall be allocated to or reserved for the life insurance policy holders ..... previous financial year in terms of section 28 the method has been given by which surplus from life insurance business can be utilised he states that it is not true that .....

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Dec 08 1997 (SC)

State of Karnataka Vs. State of A.P. and ors.

Court: Supreme Court of India

Decided on: Dec-08-1997

Reported in: JT1998(4)SC332; 1997(5)SCALE494; (1998)9SCC671a

..... the defendant state of karnataka is entitled unilaterally to reallocate readjust the allocation utilisation under the ukp or any other project is concurrence of ..... the act in relation to a scheme b b use of surplus water as contemplated in clause v c read with clause xiv ..... by ap 9 whether the right of andhra pradesh to utilise surplus waters in terms of the liberty granted by the decisions of .....

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Jul 29 1997 (SC)

National Rayon Corporation Ltd. Etc. Vs. Commissioner of Income-tax

Court: Supreme Court of India

Decided on: Jul-29-1997

Reported in: AIR1997SC3487; [1997]227ITR764(SC); JT1997(7)SC372; 1997(5)SCALE415; (1997)7SCC56; [1997]Supp3SCR140

..... and loss appropriation account as being rather in the nature of an allocation of profits than a charge against them 19 a sinking fund ..... of capital 22 it is further to be noted that the surplus and unallocated balance in the profit and loss account has been ..... not be treated as reserve for the purpose of computation of capital surplus and unallocated balance in the profit and loss account has been .....

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Mar 29 1997 (SC)

National Rayon Corporation Ltd. Etc. Vs. Commissioner of Income Tax.

Court: Supreme Court of India

Decided on: Mar-29-1997

Reported in: (1997)142CTR(SC)202

..... loss appropriation account as being rather in the nature of an allocation of profits than a charge against them a sinking fund created ..... the prescribed form of balance sheet under the heading reserves and surpluses seven types of reserves have to be shown 1 capital reserves ..... capital redemption reserve 3 share premium account 4 other reserves 5 surplus i e balance in profit and loss account 6 proposed .....

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