Computable - Year 1971 - Judgments

May 11 1971 (HC)

Commissioner of Income-tax Vs. Clive Insurance Co. Ltd.

Court: Kolkata

Decided on: May-11-1971

Reported in: [1972]85ITR531(Cal)

..... contends that so far as the explanation prescribing the mode of computation of the quantum of relief is concerned the tribunal has ..... be read along with the explanation which prescribes the mode of computation of such relief to make the said section effective and ..... reference to those of any other year or period section 185 computation of gross income represented by united kingdom dividends 1 subject as .....

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Jan 13 1971 (HC)

Commissioner of Income-tax Vs. Tea Estates India Private Ltd.

Court: Kolkata

Decided on: Jan-13-1971

Reported in: [1972]86ITR705(Cal)

..... books of the two tea companies should be excluded from the computation of accumulated profits 4 on further appeal before the tribunal ..... pal contended that the fiction in rule 24 was created for computing the income accruing and arising from the composite activity of ..... could in no event be taken into consideration in the computation of accumulated profits for the purpose of determining the dividend .....

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Jun 09 1971 (HC)

B.V. Veerathradhya Vs. Commissioner of Agricultural Income-tax, Bangal ...

Court: Karnataka

Decided on: Jun-09-1971

Reported in: [1973]87ITR193(KAR); [1973]87ITR193(Karn)

..... the deputy commissioner rejected the contention of the assesee that his income should be computed on the cash basis of accounting employed the deputy commissioner observed that the assessment ..... relevant assessment years cannot properly be deduced from the method of accounting employed for not computing the income otherwise than in accordance with the method of accounting employed that submission .....

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Oct 07 1971 (SC)

State of Tamil Nadu Vs. Kannan Devan Hills Produce Co. Ltd.

Court: Supreme Court of India

Decided on: Oct-07-1971

Reported in: AIR1972SC375; [1972]84ITR475(SC); (1972)4SCC489; [1972]1SCR1016

..... three assessment years 1956 57 1957 58 and 1958 1959 the agricultural income tax officer computed the agricultural income in accordance with the assessment made by the central income tax officer ..... after allowing such deductions under the act and the rules made thereunder provided that the computation made by the indian income tax officer shall ordinarily be accepted by the agricultural income .....

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Oct 21 1971 (SC)

Union of India Vs. Harbhajan Singh Dhillon

Court: Supreme Court of India

Decided on: Oct-21-1971

Reported in: AIR1972SC1061; [1972]83ITR582(SC); (1971)2SCC779; [1972]2SCR33

..... include the capital value of agricultural land for the purposes of computing net wealth assets is defined in section 2 c to include ..... deductions such as debts and liabilities pertain to the field of computation and not the basis of the tax which is the capital ..... which the amendment made was the inclusion of agricultural land while computing the capital value of the assets of an assessee in our opinion .....

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Oct 21 1971 (SC)

Union of India (Uoi) Vs. Shri Harbhajan Singh Dhillon

Court: Supreme Court of India

Decided on: Oct-21-1971

Reported in: AIR1972SC1061a

..... include the capital value of agricultural land for the purposes of computing net wealth assets is defined in section 2 c to include ..... deductions such as debts and liabilities pertain to the field of computation and not the basis of the tax which is the capital ..... which the amendment made was the inclusion of agricultural land while computing the capital value of the assets of an assessee in our opinion .....

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Oct 22 1971 (SC)

Ellerman Lines Ltd. Vs. Commissioner of Income-tax, West Bengal, Calcu ...

Court: Supreme Court of India

Decided on: Oct-22-1971

Reported in: AIR1972SC524; [1971]82ITR913(SC); (1972)4SCC474; [1972]2SCR168

..... assessee as regards the inclusion of the destination earnings in the computation of the indian earnings of the assessee but rejected its ..... the investment allowance granted by the u k authorities in computing the taxable income of the british shipping companies at this ..... incorrect admittedly the profits of the assessee company were not computed in accordance with the provisions of the act that being .....

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Aug 16 1971 (SC)

Bareilly Electricity Supply Co. Ltd. Vs. the Workmen and ors.

Court: Supreme Court of India

Decided on: Aug-16-1971

Reported in: AIR1972SC330; 1972LabIC188; (1971)IILLJ407SC; (1971)2SCC617; [1972]1SCR241

..... disallowance the amount to be allowed as prior charge towards depreciation will have to be computed after allowing for the notional depreciation 25 in calculating the amount deductible from gross profits ..... remanded to the tribunal for further evidence for arriving at the correct statutory depreciation to compute the income tax reference was also made to the meenakshi mills case and the associated .....

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Dec 23 1971 (HC)

Commissioner of Income-tax Vs. Hind Lamps Ltd.

Court: Allahabad

Decided on: Dec-23-1971

Reported in: [1973]90ITR487(All)

..... assessee claimed the inclusion of the following four items in the computation of its capital rs 1 proposed dividends4 17 5002 provision for ..... and pressed for the inclusion of those four items in the computation of the capital base of the company the contention was not ..... the corresponding rule under the companies profits surtax act 1964 for computing the capital of a company for the purpose of surtax the .....

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Aug 09 1971 (HC)

Commissioner of Income-tax Vs. Security Printers of India (P.) Ltd.

Court: Allahabad

Decided on: Aug-09-1971

Reported in: [1972]86ITR210(All)

..... proposed dividends represented reserves and were to be included in the computation of capital under the super profits tax act 1963 2 the ..... that the following three items of reserves should be considered while computing its capital investment a provision for bonus rs 5 000 b ..... super profits tax act and they should be included in the computation of capital under that provision 21 the question referred is .....

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