Computable - Judgment Search Results

Indian Oil Corporation Ltd. Vs. S. Rajagopalan, Income-tax Officer, Co ...

Court: Mumbai

Reported in: [1973]92ITR241(Bom)

..... income tax act the conditions for allowances such development rebate prescribed by section 34 and computation of capital employed in an industrial undertaking under section 80j of the said act and ..... respect of each of the new industrial undertakings of the petitioner the respondent no 1 computed the aggregate of the assets employed in that industries undertaking and deducted therefrom not only .....

Katihar Match Works (1954) (P.) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1975]99ITR251(Cal)

..... reads as follows any assessee objecting to the amount of loss computed undersection 24 may appeal to the appellate assistant commissioneragainst the ..... section 30 and if he refused to exercise that right the computation would have become final in this case the assessee has ..... right and that right is not made conditional upon any computation made by the income tax officer or any notice issued .....

Braithwaite and Co. (India) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1978]111ITR729(Cal)

..... claimed that thefollowing four items should also be included in the computation of capitalbase as reserves rs 1 provision for taxation32 25 ..... should be considered to be reserves for the purpose of computation of the capital of the company under this particular act ..... as reserve and should be taken into consideration assuch in computing the capital of the assessee the supreme court observedat page .....

Clive Buildings (Calcutta) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1976]102ITR650(Cal)

..... might disallow many expenses actually incurred by the assessee and in computing his income he might include any item on notional basis ..... of the tribunal in not allowing these two items from the computation of the commercial profits essentially the tribunal seems to have ..... possible liability which would have to be excluded in the computation of commercial profits in that case before the madras high .....

Commissioner of Income-tax Vs. Mohan MeakIn Breweries Ltd.

Court: Himachal Pradesh

Reported in: [1974]95ITR586(HP)

..... be deduced after adjustment in the total income of the assessee computed under the income tax act 1961 in accordance with the provisions ..... reduce the reserve to the extent of its capitalisationand if we compute the reserve as it was on the first day of the ..... as has been capitalised without corresponding decrease in the reserve as computed with reference to the first day of the previous year and .....

Mcginnis Vs. Royster

Court: US Supreme Court

..... appear before the parole board approximately four and three months earlier respectively than under the computation required by 230 3 two additional points merit mention while new york does deny good ..... as eligible for the allowance time served prior to sentence was excluded from the computation the respondent s computation follows the method suggested by the department of correction this court is not .....

Commissioner of Income-tax, Gujarat Iii Vs. Dhanji Shamji

Court: Gujarat

Reported in: [1974]97ITR173(Guj)

..... that the business or profession for which the loss was originally computed continued to be carried on by him in the previous ..... immediately succeeding the assessment year for which the loss was first computed under section 73 with which we are directly concerned in ..... succeeding the assessment year for which the loss was first computed similarly under section 74 where in respect of any assessment .....

Commissioner of Income-tax Vs. Indian Steel Rolling Mills Ltd.

Court: Chennai

Reported in: [1973]92ITR78(Mad)

..... renewals should be regarded as reserve and included it in the computation of capital he however agreed with the super profits tax officer ..... 5 defines chargeable profits as the total income of an assessee computed under the income tax act 1961 for any previous year and ..... in rule 1 will include any reserve not allowed in the computation of profits under the income tax act apart from the development .....

The Workmen of H.M.T. and anr. Vs. the Presiding Officer, National Tri ...

Court: Supreme Court of India

Reported in: AIR1973SC2300; [1973(26)FLR311]; (1973)IILLJ100SC; (1973)2SCC277; [1973]3SCR850

..... commencement of that accounting year treated as part of the establishment for the purpose of computation of bonus section 8 dealing with the eligibility for bonus is as follows eligibility for ..... that an establishment initially takes in all establishments undertakings and branches for the purpose of computation of bonus but if in respect of any department undertaking or branch separate balance sheet .....

United States Vs. Basye

Court: US Supreme Court

..... in its partnership returns nor did the individual partners include these payments in the computations of their distributive shares of the partnership s taxable income the commissioner assessed deficiencies ..... provided for participants hereunder are solely for the purpose of facilitating recordkeeping and necessary computations and confer no rights in the trust fund upon the individuals for whom they .....