Companies Act 1956 Schedule 5 - Judgment Search Results

Tata-yodogawa Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1996)56ITD194(Pat.)

..... with book profits as per parts ii and iii of schedule vi to the companies act 1956 in the context of section 32ab of the act relevant extract of para 5 3 has already been given above for mercantile system ..... prepared in accordance with the provisions of part ii and part iii of the vith schedule to the companies act 1956 however this contention does not carry much weight the a o has not disturbed the .....

Tata Yodogwa Ltd. Vs. Deputy Commissioner of

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1998)67ITD174(Pat.)

..... is reasonably necessary for this purpose the excess shall be treated for the purpose of schedule vi of company act 1956 as reserve and not provision as such after the high court decision the provision made ..... the ld cit appeals observed that the amounts of rs 10 75 lakhs and rs 5 05 lakhs being capital gains and dividend income were not the profits of the eligible .....

Chetna Enterprises Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1997)63ITD257(Pat.)

in issuing notice under section 148 of the income tax act read with section 147 a of the income tax act and gains by virtue of provisions contained in the first schedule viii omitted by the finance act 1988 w e f the cost of construction of the hotel building was rs 5 37 500 and not rs 2 47 200 according to

Deputy Commissioner of Income Tax Vs. Dipesh Chandak, Dipesh Chandak

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2007)110TT(JP.)at366

..... act 1981 and the central sale tax act 1956 issued by the commercial taxes department in which ..... rs 5 00 000 on account of share application money received by the assessee company from prakashnath towers p ltd the cit ..... company or by a co operative society computed in accordance with section 44 or any surplus taken to be such profits and gains by virtue of provisions contained in the first schedule .....

Magniram Baijnath Vs. Wealth-tax Officer

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1996)56ITD97(Pat.)

sub section 1 of section 5 of the wealth tax act saying that wealth tax shall not be payable and also family and company at the rate or rates specified in schedule i 13 thus when an asset forms part of the given to assets covered by sub section 2 of section 5 in other words these specified assets covered by sub section

Wealth-tax Officer Vs. Ram Autar Prasad Choudhary

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1987)20ITD358(Pat.)

evidence on the record to show that by any conscious act or exercise of volition butchi tirupati surrendered his interest in died after coming into force of the hindu succession act 1956 the assessee huf while filing its wealth tax return for wife a female relative specified in class i of the schedule of the hindu succession act hence the share of the properties this view was upheld by the gujarat high court 5 it was pointed out to us by the departmental representative

Deputy Commissioner of Vs. Bihar State Leather Development

Court : Income Tax Appellate Tribunal ITAT Patna

shall be regulated by sections 224 to 233 of the companies act thereafter section 619 2 of the companies act came not be called a report under section 44ab of the act 11 in the circumstances we hold that the assessee has the turnover of the assessee company was rs 1 69 52 507 since it exceeded rs 40 lacs there was a

Ruhee Enterprises Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1996)56ITD544(Pat.)

of registration under section 26a of the indian income tax act 1922 corresponding to section 185 of the income tax act lacs and m s ruhee enterprises were paid rs 10 500 per week but had no right in the sale proceeds

Dy. Commissioner of Income-tax Vs. Dr. (Mrs.) Leela Prasad

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (2004)91ITD173(Pat.)

..... it is note worthy for the purpose of present controversy that a company is also included in the definition of person as also an ..... amp loss account for the year ended 31 st march 1995income schedule amount rs amount rs nursing home charges 3 839 830 00consultation ..... be assessed as unregistered firm however in 1956 there was an amendment in section 23 5 of the 1922 act by virtue of which both firm .....

inspecting Assistant Vs. Mecon (India) Ltd.

Court : Income Tax Appellate Tribunal ITAT Patna

Reported in : (1988)25ITD587(Pat.)

preliminary expenses and in deleting the same the assessee had actually claimed deduction of rs 6 436 and only that amount designed by its foreign collaborator to keep to the time schedule for delivery the company also got some of the designs 5 61 431 in assessment year 1978 79 and rs 5 36 349 in assessment year 1979 80 10 it was