Computable - Judgment Search Results

United California Bank Vs. United States

Court: US Supreme Court

..... colleagues contend that in excluding capital gains distributable to taxable beneficiaries from the computation of the capital gains deduction 1202 authorizes a modification of the meaning of ..... responsibilities the language requires both fiduciaries and nonfiduciaries to use the same methods of computing their capital gains taxes but draws a sharp distinction between distributions by fiduciaries .....

Commissioner of Income-tax and Super Profits Tax Vs. Burn and Co. Ltd.

Court: Kolkata

Reported in: [1978]114ITR565(Cal)

..... conditions of reserve and directed the super profits tax officer to include these in the computation of capital the appellate assistant commissioner however held that the three items should be reserves ..... i bonus provision for bonus and taxation contingency reserve should be treated as reserves for computing the capital of the assessee company for the purposes of super profits tax under the .....

Teksons Private Ltd. Vs. Commissioner of Income-tax, Bombay City-ii (N ...

Court: Mumbai

Reported in: (1979)9CTR(Bom)249; [1979]120ITR738(Bom)

..... worked out by first ascertaining the amount of capital employed at the commencement of the computation period and adding thereto or subtracting therefrom the capital introduced or moneys taken out of ..... profits at different rates as and when they accrue at the different stages of the computation period the legislature has therefore provided that for ascertaining the average amount of capital employed .....

NizamuddIn Suleman Vs. New Shorrock Spg. and Wvg. Mills Co. Ltd., Nadi ...

Court: Gujarat

Reported in: [1979(39)FLR287]; (1979)0GLR290; (1979)IILLJ36Guj

..... described as comptists that is those who are working on the computing machine or whether they were merely operators of adding machines ..... where however the dispute is whether workmen have been retrenched and computation of the amount is subsidiary or incidental in our judgment ..... whether on the facts it had jurisdiction to make the computation it could not however give itself jurisdiction by a wrong .....

Stewarts and Lloyds of India Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1980]125ITR270(Cal)

..... the ito actually excluded the above amount in the capital computation thereafter the assessee filed an appeal before the tribunal it ..... the municipal taxes were validly allowed as a deduction in computing the income from self occupied properties not satisfied with the ..... the development reserves were considered for the purpose of capital computation for determining the standard deduction under r 1 of the .....

Parker Vs. Flook

Court: US Supreme Court

..... formula involved here has no substantial practical application except in connection with a digital computer which means that if the judgment below is affirmed the patent would wholly preempt ..... based on reasoning derived from opinions written before the modern business of developing programs for computers was conceived the youth of the industry may explain the complete absence of precedent .....

Commissioner of Income-tax, Bombay City-i Vs. Alcock Ashdown and Co. L ...

Court: Mumbai

Reported in: (1979)8CTR(Bom)223; [1979]119ITR164(Bom)

..... could not be taken into account for the purpose of capital computation 3 the assessee thereafter appealed to the aac but without ..... which were sought to be excluded by the department from the computation of capital employed in the undertaking were acquired for the ..... entitled to depreciation i if they have been acquired before the computation period their written down value on the commencing date of .....

Kirloskar Asea Ltd. Vs. Commissioner of Income-tax, Karnataka

Court: Karnataka

Reported in: [1979]118ITR703(KAR); [1979]118ITR703(Karn)

..... tribunal was right in holding that for the purpose of computing the quantum of deficiency for assessment year 1967 68 liable ..... amount of capital employed in an industrial undertaking during any computation period the profits or losses made in the period shall ..... and gains derived from a newly established industrial undertaking in computing the total income of the assessee a deduction from such .....

Alkali and Chemical Corporation of India Ltd. Vs. Commissioner of Inco ...

Court: Kolkata

Reported in: [1980]122ITR490(Cal)

..... surtax act there was no provision in the act that in computing the capital under rule 4 the same should be reduced ..... the said sums by way of proportionate reduction from the capital computed in the surtax assessments for the said assessment years and directed ..... year relevant to the assessment year the capital of a company computed in accordance with the foregoing rules was increased by any amount .....

Sutlej Cotton Mills Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1979]119ITR666(Cal)

..... not preclude the application of the principle of averaging in the computation of capital gains and upheld the decision of the revenue authorities ..... an amount by selling such right the capital gains should be computed after deducting from this amount the value of the embedded ..... are transferred he submitted further that in the said decision the computation of the supreme court was not for the purpose of .....