Computable - Year 1986 - Judgments

May 16 1986 (HC)

Commissioner of Income-tax Vs. North Koshalpur Colliery Co. Pvt. Ltd.

Court: Kolkata

Decided on: May-16-1986

Reported in: (1986)55CTR(Cal)409,[1986]161ITR756(Cal)

..... all the provisions except section 80e secondly ascertain what part of the total income so computed represents the profits and gains attributable to the business of the specified industry here ..... 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 rebate .....

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Mar 31 1986 (TRI)

Raymond Woollen Mills Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Decided on: Mar-31-1986

Reported in: (1986)18ITD64(Mum.)

..... abstract principle can be even made a reality but when the variables involved in the computation are numerous uncertain and unascertainable the abstract principle clearly breaks down taking for instance ..... give an accurate or even near accurate allocation of expenditure or levies if actual computation and allocation are impossibilities the averaging especially over several years would not only be .....

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May 30 1986 (TRI)

income-tax Officer Vs. V.M. Salgaocar and Bros. (P.) Ltd.

Court: Income Tax Appellate Tribunal ITAT

Decided on: May-30-1986

Reported in: (1986)18ITD440(Bang.)

..... representative submitted that though the finance bill 1986 has accorded investment allowance to computers that in no way suggested that the intention of the legislature was not ..... is not clarificatory but substantive a reference to international customs and classification reveals that computers are classified under office equipment alphabetical index to the nomenclature and the explanatory .....

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May 22 1986 (HC)

G. Atherton and Co. Vs. Commissioner of Income-tax

Court: Kolkata

Decided on: May-22-1986

Reported in: (1986)56CTR(Cal)10,[1987]165ITR527(Cal)

..... distribution of electricity would have to be given in respect of such profits and gains computed in accordance with the provisions of the act taking into account unabsorbed depreciation and unabsorbed ..... there was no question of the assessee claiming any further relief under section 80m for computation of income from business the provisions of section 32 which provide for depreciation allowance have .....

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Aug 08 1986 (HC)

Commissioner of Income-tax Vs. Sree Valliappa Textiles Ltd.

Court: Karnataka

Decided on: Aug-08-1986

Reported in: (1986)57CTR(Kar)65; [1986]166ITR548(KAR); [1986]166ITR548(Karn); [1986]29TAXMAN150(Kar)

..... by his order dated december 6 1976 considered the claim for computation and carry forward of relief under section 80j of the act ..... assessee should have actually claimed the deficiency and got it computed by the income tax officer for the earlier year of occurrence ..... relevant amount of capital employed during the previous year in computing the total income where there is a deficiency such deficiency shall .....

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Jul 23 1986 (TRI)

Assistant Controller of Estate Vs. Ghanshyamdas Binani

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Jul-23-1986

Reported in: (1986)19ITD231(Kol.)

..... of the partnership firms companies and proprietary concerns the accountable persons filed a statement of computation of goodwill dated 24 3 1983 later on the accountable person filed letter dated ..... extent the assistant controller will bring various basic facts and materials on record for fresh computation of the goodwill after giving the accountable person an opportunity of being heard as indicated .....

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Nov 19 1986 (HC)

Commissioner of Wealth-tax Vs. Surendra Paul

Court: Kolkata

Decided on: Nov-19-1986

Reported in: (1987)61CTR(Cal)244,[1987]168ITR208(Cal)

..... were completed by the wealth tax officer on the basis of the computation as made by him 8 being aggrieved the assessee preferred appeals ..... outstanding on the valuation date would be a debt deductible while computing net wealth of the firm rule 2 provides a complete mode ..... m net wealth means the amount by which the aggregate value computed in accordance with the provisions of this act of all the .....

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Jun 12 1986 (HC)

Indian Oxygen Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Decided on: Jun-12-1986

Reported in: (1986)56CTR(Cal)185,[1987]164ITR466(Cal)

..... on the average amounts of increase and decrease of the assets and liabilities during the computation period the commissioner appeals directed the income tax officer to recompute the deduction under section ..... deduction in respect of expenses incurred in connection with certain proceedings under the act in computing the total income of an assessee there shall be allowed by way of deduction any .....

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May 16 1986 (HC)

Commissioner of Income-tax Vs. Empire Jute Co. Ltd.

Court: Kolkata

Decided on: May-16-1986

Reported in: (1986)56CTR(Cal)22,[1986]161ITR556(Cal)

..... all the provisions except section 80e secondly ascertain what part of the total income so computed represents the profits and gains attributable to the business of the specified industry here ..... 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 rebate .....

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May 01 1986 (HC)

i.T.C. Ltd. and Another Vs. Union of India and Anothers

Court: Delhi

Decided on: May-01-1986

Reported in: 1987(30)ELT321(Del)

..... notification were in two watertight compartments the act was first applied and from the duty computed an exemption was granted this involved three stages one the determination of the assessable ..... payable after taking the notification into account this amendment vitally alters the first stage of computation which was easily done under the act earlier without any reference to the notification though .....

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