Companies Act 1956 Schedule 5 - Judgment Search Results

Apollo Tyres Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1992)43ITD464(Coch.)

..... is in accordance with the provisions of section 205 of the companies act 1956 read with parts ii and iii of schedule vi to the companies act 1956 and therefore the profit arrived at after the charging of such ..... the current year s depreciation as well as the depreciation of the earlier years cit v north arcot district co operative spg mills ltd 1985 151 itr 238 1984 17 taxman .....

Indian Transformers Ltd. Vs. Deputy Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1995)52TTJ(Coch.)654

..... computed in accordance with the requirements of part ii and part iii of the sixth schedule to the companies act 1956 subject to certain specified adjustments thus the profits of the eligible business are not to ..... profession as computed in the accounts of the assessee audited in accordance with sub s 5 there cannot be any dispute about the quantification of the aggregate of the amounts deposited .....

Psi Data Systems Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1999)69ITD7(Coch.)

..... accordance with the provisions of parts ii and iii of sixth schedule to the companies act 1956 as increased by the amounts mentioned in cls a to ..... for the period before tax 36 14 757provision for taxation 5 43 000profit of the period after tax 30 71 757add write ..... from the book profit for the purpose of s 115j 5 the departmental representative shri c d nair supported the order of .....

Deputy Commissioner of Income Tax Vs. B. P. L. (India) Ltd.

Court : Income Tax Appellate Tribunal ITAT Cochin

..... computed in accordance with the requirements of parts ii and iii of schedule vi of the companies act 1956 shri sarangan stated that the assessee company had computed the profits in accordance with the requirements of parts ..... of the profit of the business as such without including income from other sources etc 5 we have given due consideration to the submissions on both sides and gone through the .....

Mrs. Grace Collis Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1984)8ITD453(Coch.)

..... definition of the term occurring in section 2 xxiv of the 1958 act a settlement or an arrangement can also be a transfer the companies act 1956 refers to compromise or arrangement and both will amount to a ..... the high court approved the compromise or arrangement as set forth in paragraph 5 of the petition and in the schedule to the order the views of the authors at page 554 of kanga and .....

Thomas Vaidyan Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1997)63ITD324(Coch.)

annual remuneration as given is schedule iii of the lic act has nothing to do with the definition of salary as in rule 2 h of part a of the fourth schedule to the act the instant case is therefore a instance fourth schedule of the act at pages 9 to 12 5 the learned departmental representative relied on the observations of the

Shri C.K. Govindankutty Nair Vs. the Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (2008)110ITD400(Coch.)

officer under section 16 3 of the act and no action can be taken after the expiry of four years from assessee did not take into account the valuation prescribed under schedule iii of the wealth tax act in respect of 40 assessing officer observed that the building with land of 10 580 cents appurtenant thereto purchased by the firm in which the

Federal Bank Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1986)19ITD552(Coch.)

..... distinction between a provision and a reserve with reference to part hi of the sixth schedule to the companies act 1956 and held that on a plain reading of clause 7 1 a and b and ..... the commissioner appeals stated that even applying the ratio of the supreme court in cit v mysore electrical industries ltd 1971 80 itr 566 the amount transferred to the reserve fund .....

Travancore Chemicals and Mfg. Co. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : (1993)46ITD203(Coch.)

2 b of part ii of schedule vi to the companies act which set out the requirements as to profit and b of part ii of schedule vi to the companies act which set out the requirements as to profit and loss that this was treated as a prior period expense in schedule 9 to the profit and loss account of the assessee the current year rs 1 00 62 986 rs 1 57 90 635add provision for taxation 20 00 000 investment allowance

Asoka Textiles Ltd. Vs. Income-tax Officer, Alwaye, and

Court : Income Tax Appellate Tribunal ITAT Cochin

Reported in : 195629ITR672(Coch.)

an incentive as it were was held out to the companies not to distribute all the profits they had made to 1952 part 1 of the first schedule to the finance act xxiii of 1951 may be taken therefore to have provided the provisions in para b part i of the first schedule of the indian finale act of 1951 i which have the petitioner by an amount of rs 1 46 250 5 0 3 the question is raised in these proceedings that