Companies Act 1956 Schedule 5 - Judgment Search Results

Sterlite Industries (India) Ltd. Vs. Additional Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)102TTJ(Mum.)53

..... with the provisions of parts ii and iii of schedule vi to the companies act 1956 thereby meeting the requirements of section 115ja of the it act v the accounts were thus prepared in accordance with the provisions of parts ii and iii of schedule vi to the companies act 1956 thereby meeting the requirements of section 115ja of the it act the account statements filed with the return and also .....

Indian Plywood Manufacturing Co. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)102TTJ(Mum.)362

..... calculation shall be made in accordance with the companies act and the requirements more specifically required of parts n ..... universal ltd v ctt wherein it has been held that the determination of the profit is required to be made in accordance with parts n and hi of schedule vi to the companies act 1956 and the .....

Deputy Commissioner of Vs. Abg Heavy Industries Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... of the asset or written down value of the asset as per rates prescribed under schedule xiv of the companies act 1956 for each year the objective of the guidance note issued by the icai is ..... this tribunal in psi data systems ltd v dcit 69 itd 7 cochin the term provision is defined in clause 7 of part iii of schedule vi to the companies act 1956 as under a the expression provision shall .....

ito Vs. Kamu Metals (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... in the case of cit v cocanada radhaswami bank ltd the assessee also referred to the requirements of part two of schedule vi to the companies act 1956 requiring the companies to disclose income or ..... includes an investment company which carries on as its principal business acquisition of shares stocks etc thus all the acts have accepted business of investment like any other business 5 both the sides .....

Indian Plywood Mfg. Co. Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)100ITD318(Mum.)

..... ltd v cit wherein it has been held that the determination of the profit is required to be made in accordance with parts n and iii of the sixth schedule to the companies act 1956 and ..... accordance with requirements of parts ii amp iii of schedule vi to the companies act 1 1956 and whether ascertained liabilities referred to in clause v of section 32ab is relevant only for addition in .....

Swan Mills Ltd. Vs. Addl. Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2006)6SOT420(Mum.)

..... which shall be as per parts ii and iii of the schedule vi of the companies act 1956 and also should be in conformity with the provisos to section ..... high court rendered in the case of kerala chemicals amp proteins ltd v cit 1999 235 itr 467 ker in support of this contention ..... the assessee as recorded by the tribunal on page 8 in para 5 of this tribunal order the main contention of the assessee was that .....

Oriental Containers Ltd. Vs. Joint Cit

Court : Income Tax Appellate Tribunal ITAT Mumbai

..... profit and loss account while drawing its final accounts in the format prescribed in schedule vi to the companies act 1956 the tribunal has consistently held that wherever the receipts credited in the profit and ..... commissioner appeals aggrieved by the above the assessee has come in second appeal before us 5 the solitary ground raised by the assessee in this appeal reads as below on the .....

M.J. Exports Ltd. Vs. Joint Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2004)88ITD18(Mum.)

..... that both the expressions provision and reserve have been defined in part iii of schedule vi to the companies act 1956 and therefore no different meaning or interpretation should be assigned to these terms for ..... also included the amount in the computation of book profit under section 115ja of the act 5 aggrieved by the assessment order and the computation under section 115ja the assessee preferred .....

Ramakem (P.) Ltd. Vs. Inspecting Assistant

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (1991)39ITD197(Mum.)

..... note information pursuant to paras 3 and 4 c of part ii of schedule vi of the companies act 1956 was shown at rs 3 81 771 under the head actual production in kgs ..... shows that the assessee is not engaged in any manufacturing activity he also referred to schedule 5 containing list of fixed assets and pointed out that the assessee does not have any .....

Dy. Cit Vs. Abg Heavy Industries Ltd.

Court : Income Tax Appellate Tribunal ITAT Mumbai

Reported in : (2008)303ITR328(Mum.)

..... s case supra the term provision is defined in clause 7 of part iii of schedule vi to the companies act 1956 as under a the expression provision shall subject to sub clause 2 of this clause ..... labour laws during maintenance and operation of the equipment was the responsibility of the assessee v the assessee carried overall responsibilities to ensure round the clock operation and guarantee the minimum .....