Cash Method - Judgment Search Results
Home > Cases Phrase: cash method Year: 1995 Page 1 of about 607 results (0.651 seconds)Tata-yodogawa Ltd. Vs. Deputy Commissioner of
Court: Income Tax Appellate Tribunal ITAT Patna
Decided on: Jun-12-1995
Reported in: (1996)56ITD194(Pat.)
..... in the context of the method of accounting following by the assessee if cash method of accounting is followed it ..... will not be necessary to make a provision for outstanding income or outstanding liabilities if mercantile method ..... provision for outstanding income or outstanding liabilities if mercantile method of accounting is followed it will be necessary to .....
Tag this Judgment! Ask ChatGPTAmulya Oils and Chemicals Vs. Deputy Commissioner of
Court: Income Tax Appellate Tribunal ITAT Hyderabad
Decided on: Oct-25-1995
Reported in: (1996)57ITD50(Hyd.)
..... advanced by it and dividend income for the same source it adopted hybrid method of accounting i e cash basis for receipts and mercantile basis for payments the tribunal held that such ..... total income there can be no doubt that both the methods viz mercantile and cash adopted by the assessee are legally valid methods however the question to be answered would be whether different .....
Tag this Judgment! Ask ChatGPTHifco Marwel Ltd. Vs. Assistant Commissioner of
Court: Income Tax Appellate Tribunal ITAT Hyderabad
Decided on: Mar-31-1995
Reported in: (1995)55ITD437(Hyd.)
..... 3cd wherein it was mentioned against col 2 that there is change in method of accounting for income tax cash basis for profit on sale of investments and hire charges other mercantile ..... in the same computation at another place under the head method of accounting following note was given change to cash basis for profit on sale of investment otherwise mercantile system the following .....
Tag this Judgment! Ask ChatGPTHifco Marwel Ltd. Vs. Assistant Commissioner of Income
Court: Income Tax Appellate Tribunal ITAT Hyderabad
Decided on: Mar-31-1995
Reported in: (1997)57TTJ(Hyd.)86
..... 3cd wherein it was mentioned against col 2 that there is change in method of accounting for income tax cash basis for profit on sale of investments and hire charges other mercantile ..... in the same computation at another place under the head method of accounting following note was given change to cash basis for profit on sale of investment otherwise mercantile system the following .....
Tag this Judgment! Ask ChatGPTPradeshiya Industrial and Investment Corporation of U. P. Ltd. Vs. Dep ...
Court: Allahabad
Decided on: Sep-19-1995
Reported in: (1996)54TTJ(All)438
..... was quite justified in not accepting the method of appellants accounting of interest on cash and corresponding expenses on mercantile system for ..... to him there was no dispute that the method of showing interest income on cash basis and the expenses on accrual basis ..... by the said notification and therefore it was a recognised method of accounting its accounts were examined by comptroller general of .....
Tag this Judgment! Ask ChatGPTGupta Garments Vs. Assistant Commissioner of
Court: Income Tax Appellate Tribunal ITAT Madras
Decided on: Feb-20-1995
Reported in: (1995)53ITD362(Mad.)
..... 44ab it was stated that the appellant followed generally mercantile method of accounting excepting accounting of bonus sales commission cash incentive etc on cash basis as followed hitherto in column 9 a of ..... the schemes concerned 21 there is also the further consideration that they completely ignored the method of accounting regularly followed by the assessee obviously going on the wrong basis that .....
Tag this Judgment! Ask ChatGPTGupta Garments Vs. Assistant Commissioner of Income Tax.
Court: Chennai
Decided on: Feb-20-1995
Reported in: (1995)52TTJ(Mad)574
..... 44ab it was stated that the appellant followed generally mercantile method of accounting excepting accounting of bonus sales commission cash incentive etc on cash basis as followed hitherto in column 9 a of ..... assessing officer therefore if the enactment specifies a particular thing the question of following another method does not arise 4 one of the contentions that was raised before the assessing .....
Tag this Judgment! Ask ChatGPTSandvik A. B. Sweden Vs. Inspecting Assistant
Court: Income Tax Appellate Tribunal ITAT Pune
Decided on: Jul-18-1995
Reported in: (1996)55TTJ(Pune.)144
..... effect it was pleaded that in these circumstances irrespective of the method of accounting followed by the parties no income accrued or arose ..... it irrespective of the fact whether it maintained its accounts on cash basis or mercantile basis in view of the facts before us ..... was also not obliged to perform its part and pay any cash consideration to the foreign company there was thus no accrual of .....
Tag this Judgment! Ask ChatGPTSandvik A.B. Sweden Vs. Inspecting Assistant
Court: Income Tax Appellate Tribunal ITAT Pune
Decided on: Jul-18-1995
Reported in: (1996)56ITD330(Pune.)
..... effect it was pleaded that in these circumstances irrespective of the method of accounting followed by the parties no income accrued or arose ..... it irrespective of the fact whether it maintained its accounts on cash basis or mercantile basis in view of the facts before us ..... was also not obliged to perform its part and pay any cash consideration to the foreign company there was thus no accrual of .....
Tag this Judgment! Ask ChatGPTTalbros Automotive Components Vs. Assistant Commissioner of
Court: Income Tax Appellate Tribunal ITAT Delhi
Decided on: Oct-31-1995
Reported in: (1996)56ITD312(Delhi)
..... is taxable in the year when received and deduction allowable as per method of accounting followed in the case of cit v motor general ..... as under 2 paid means actually paid or incurred according to the method of accounting upon the basis of which the profits or gains ..... it is not known whether the method of accounting followed by the assessee is on mercantile basis or cash in case it is the former .....
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