Computable - Year 1980 - Judgments

Mar 28 1980 (HC)

Commissioner of Wealth Tax Vs. International Computers and Tabulators ...

Court: Mumbai

Decided on: Mar-28-1980

Reported in: (1980)17CTR(Bom)20

..... hollerith system of punched accounting and statistical works hollerith india ltd now known as international computers tabulators india private ltd is a percent subsidiary of the assessee company with effect from .....

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Aug 06 1980 (HC)

Commissioner of Income-tax Vs. Guest Keen Williams Ltd.

Court: Kolkata

Decided on: Aug-06-1980

Reported in: [1981]129ITR829(Cal)

..... interests of the revenue according to the addl commissioner the correct computation was that having determined the super tax payable by the assessee ..... to the assessee the order of the addl commissioner contained a computation which it would be better to set out m s guest ..... rate of super tax could be worked out the method of computation adopted by the addl commissioner ignored this basic fact what the .....

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Apr 24 1980 (HC)

Commissioner of Income-tax Vs. Swedish East Asia Co. Ltd.

Court: Kolkata

Decided on: Apr-24-1980

Reported in: (1980)19CTR(Cal)10,[1981]127ITR148(Cal)

..... depreciation is never allowed as a separate deduction in the computation of its income assessable under the indian income tax act ..... to allowing the investment allowance for the purpose of the computation of the indian income of british shipping companies the appellate ..... allowed therefore if the depreciation accrued again is allowed in computing the indian income then it was urged on behalf of .....

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Mar 11 1980 (HC)

Commissioner of Income-tax, Delhi (Central) Vs. Dalmia Cement (Bharat) ...

Court: Delhi

Decided on: Mar-11-1980

Reported in: [1980]126ITR736(Delhi)

..... r 2 which provided for the elimination from the capital computation of the value of assets which yield profits which are ..... derived from specific assets r 4 provides for an arithmetical computation or excludible capital notionally conceived of as attributable to the ..... should equally apply to deductions given under chap iv while computing the income under each head shri verma perhaps realizing the .....

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May 15 1980 (HC)

Commissioner of Income-tax Vs. Karam Chand Thapar and Brothers

Court: Kolkata

Decided on: May-15-1980

Reported in: (1980)19CTR(Cal)49,[1981]131ITR175(Cal)

..... the assessee company claimed that reserves for doubtful debts should be included in the capital computation the ito however did not accept this claim being aggrieved the assessee preferred an appeal ..... issue raised is the income tax officer s not including the undermentioned reserves in the computation of the capital basis for working out the standard deduction for these three assessments reserve1964 .....

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Jul 30 1980 (HC)

Commissioner of Income-tax, Central-ii Vs. Schrader Scovill Duncan Ltd ...

Court: Kolkata

Decided on: Jul-30-1980

Reported in: [1981]132ITR822(Cal)

..... chapter vi a deals with all deductions 9 it stipulates that deductions be made in computing the total income the expression deduction stipulates subtracting something which is already there if ..... something does not come into the computation then no question of deduction therefrom arises therefore something which formed part of the .....

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Oct 22 1980 (HC)

Balapur Vibhag Jungle Kamdar Mandali Ltd. Vs. Commissioner of Income-t ...

Court: Gujarat

Decided on: Oct-22-1980

Reported in: (1982)22CTR(Guj)214; [1982]135ITR91(Guj)

..... rule of commercial practice and accountancy as profits for income tax purposes are to be computed in conformity with the ordinary principles of commercial accounting unless of course such principles have ..... assessment where the assessment has taken place after the relevant valuation date but before the computation of net wealth in the wealth tax assessment answering this question in favour of the .....

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Mar 31 1980 (HC)

Commissioner of Income-tax, Gujarat-ii Vs. Gujarat Mineral Development ...

Court: Gujarat

Decided on: Mar-31-1980

Reported in: (1981)20CTR(Guj)73; [1981]132ITR377(Guj)

..... after including the aforesaid amounts of fixed deposits in the capital computation the first question which has been referred to us for our ..... and subject to the provisions of this section be allowed in computing the total income of the assessee a deduction from such ..... and they were require to be left out of account while computing the capital employed in the industrial undertaking now in our opinion .....

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Aug 07 1980 (HC)

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

Court: Kolkata

Decided on: Aug-07-1980

Reported in: (1981)20CTR(Cal)250,[1981]132ITR279(Cal)

..... and could not be regarded as reserve for the purpose of computation of capital the questions relating to these two appropriations were therefore ..... by the high court to be reserves for the purpose of computation of capital in those circumstances the revenue preferred an appeal ..... reserve fell within the meaning of reserves for the purpose of computation of capital on appeal by both the assessee and the .....

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May 05 1980 (HC)

Commissioner of Income-tax (Central-ii) Vs. General Investment Co. Ltd ...

Court: Kolkata

Decided on: May-05-1980

Reported in: (1981)20CTR(Cal)282,[1981]131ITR366(Cal)

..... the commercial practice or which an ordinary man of business would resort to when making computation for its business purposes the supreme court referred with approval to the principles enunciated in ..... significance of the difference highlighted by the learned advocate for the revenue the question is computation of capital gains that question again has to be determined in relation to the cost .....

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