Computable - Year 1979 - Judgments

Aug 16 1979 (HC)

Jiyajeerao Cotton Mills Ltd. Vs. Income-tax Officer, c Ward and ors.

Court: Kolkata

Decided on: Aug-16-1979

Reported in: [1981]130ITR710(Cal)

..... submitted that the above provisions clearly show that the total income has to be computed after allowing all admissible deductions and allowances including development rebate and thus the profits ..... which provides for carry forward of development rebate for eight years in other words in computing the total income of the concerned assessee items of unabsorbed depreciation and unabsorbed development .....

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May 04 1979 (SC)

Cloth Traders (P) Ltd. Vs. Additional C.i.T., Gujarat-i

Court: Supreme Court of India

Decided on: May-04-1979

Reported in: AIR1979SC1691; (1979)10CTR(SC)393; [1979]118ITR243(SC); (1979)3SCC538; [1979]3SCR984

..... income minus deductions allowable under the provisions of the act in computing the total income 7 the original chapter vi a and certain ..... domestic company and not with reference to the dividend income as computed in accordance with the provisions of the act that is after ..... it should only be in respect of the amount of dividends computed after deducting allowable expenditure we have no doubt that the .....

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Mar 07 1979 (HC)

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

Court: Himachal Pradesh

Decided on: Mar-07-1979

Reported in: [1980]122ITR203(HP)

..... capital valuation shown above should be added to the capital employed for the purpose of computing tax exemption under section 84 and rebate under section 101 the ito rejected this contention ..... clause a is about the assets entitled to depreciation and provides for different standards of computation depending upon the question whether they are purchased before or after the commencement of the .....

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Oct 30 1979 (HC)

Commissioner of Income-tax (Central) Vs. Express Newspapers Ltd.

Court: Chennai

Decided on: Oct-30-1979

Reported in: (1980)15CTR(Mad)383; [1980]124ITR117(Mad)

..... provisions the interest paid on the equitable mortgages had to be allowed as deduction in computing the income from the property and also the income from business the commissioner feeling aggrievedby ..... the logical effect of keeping two distinct groups of provisions as mutually exclusive and requiring computation of the respective heads under the particular group of provisions as if the group is .....

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Mar 15 1979 (HC)

Mohan MeakIn Breweries Ltd. Vs. Commissioner of Income-tax (No. 2)

Court: Himachal Pradesh

Decided on: Mar-15-1979

Reported in: [1979]118ITR300(HP)

..... of dividends the stock argument before the tribunal was that while computing the total income for income tax what was included should ..... followed those decisions the question before the bench was whether for computing the chargeable profits the gross dividend should be deducted or ..... rule 1 viii of the first schedule the chargeable profit computed for purpose of the i t act after necessary deductions .....

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Sep 24 1979 (HC)

Commissioner of Income-tax Vs. U.P. Hotel-restaurant Ltd.

Court: Allahabad

Decided on: Sep-24-1979

Reported in: [1980]123ITR626(All)

..... relevant capital employed during the previous year the method of computation of the capital employed was laid down in rule 19a ..... under that rule another aspect of the controversy regarding the computation of the capital employed under rule 19 was as to ..... industrial finance corporation of india was liable to be included while computing the relevant amount of capital employed for purposes of granting .....

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Feb 12 1979 (HC)

Commissioner of Income-tax (Central) Vs. General Assurance Society Ltd ...

Court: Kolkata

Decided on: Feb-12-1979

Reported in: [1980]121ITR727(Cal)

..... corporation and as compensation was payable in respect of such assets and liabilities therefore for computation of capital gains such assets had to be valued the tribunal found that the assessee ..... 1st january 1954 should not bedetermined on the same basis or formula as adopted for computing thecompensation in accordance with the first schedule to the life insurancecorporation act 1956 19 the .....

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Jul 03 1979 (HC)

Commissioner of Income-tax Vs. V. Venkatachalam

Court: Chennai

Decided on: Jul-03-1979

Reported in: [1979]120ITR688(Mad)

..... in the provision the point presently in dispute is whether in computing capital gains the loss should be adjusted first and on ..... is the income chargeable under the head capital gains shall be computed by deducting from the full value of the consideration the following ..... company to which this section applies where the total income as computed in accordance with the other provisions of this act includes .....

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Jul 09 1979 (HC)

Management of Pudukottah Textile Limited Vs. A. Ganapathi, Etc., Etc.

Court: Chennai

Decided on: Jul-09-1979

Reported in: (1979)IILLJ343Mad

..... of the workman the next question of making the necessary computation can arise it was also held therein the claim under ..... as admittedly claimed by the management compensation has to be necessarily computed by the labour court for these workmen technicalities of procedure ..... what has been ultimately established will form the foundation for computing money value of their claim 32 the 4th point taken .....

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Feb 27 1979 (HC)

Commissioner of Income-tax Vs. Andhra Prabha P. Ltd.

Court: Chennai

Decided on: Feb-27-1979

Reported in: (1980)14CTR(Mad)269; [1980]123ITR760(Mad)

..... the sixth industrial tribunal of the following question p 56 whether computation of bonus in respect of the accounting year ending 31st ..... and by way of direct taxes etc the employees disputed the computation contending that the company hadwrongly reduced the gross profits and ..... of commercial profits in fact the consideration of decisions on the computation of profits under the i t act was a necessary .....

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