Computation - Judgment Search Results

The Central Provinces Syndicate (Private) Ltd. Vs. Commissioner of Inc ...

Court: Mumbai

Reported in: [1962]45ITR6(Bom)

..... and determined the rights of the litigants to have the claim computed according to its provisions and to pay the court fees ..... burden by providing that the claim will be ascertained and computed in a certain arbitrary manner mr kolah says that in applications ..... rate whose application only depends on the availability of this computation will obviously not apply in our opinion therefore the present petitions .....

B. Shah Mahmood Vs. Assistant Commissioner, Ramanagaram and anr.

Court: Karnataka

Reported in: [1963]47ITR55(KAR); [1963]47ITR55(Karn)

..... categories the first category consists of persons whose income is computed the second consists of various classes of persons such as ..... in section 45 only means the person whose income was computed during the assessment proceedings it would lead to the result ..... that if that assessed whose income was computed died during the tendency of the assessment proceedings or immediately .....

Vanguard Fire and General Insurance Co. Ltd. Vs. Commissioner of Incom ...

Court: Chennai

Reported in: [1962]45ITR328(Mad)

..... that notwithstanding the exclusion of sections 7 to 12 in the computation of income of a business of insurance the exemptions contemplated ..... gains of the business of insurance are notwithstanding the mode of computation derived from the various sources so that the character of ..... sources might have been taken the argument that the income computed under rule 6 still retains the character of its source .....

Kastur Chand JaIn Vs. Gift Tax Officer 'K' Ward, Dist. Iii (2) and Ors ...

Court: Kolkata

Reported in: AIR1961Cal649,65CWN706

..... definition is set out below nett wealth means the amount by which the aggregate value computed in accordance with theprovisions of this act of all the assets whereverlocated belonging to the ..... authority is notto give credit for liabilities which have not ripenedinto debts the scheme of computation under thegift tax act is however different there we areconcerned with liabilities and not debts .....

Kastur Chand JaIn Vs. Gift Tax Officer, K Ward, Dist. Iii (2), and Oth ...

Court: Kolkata

Reported in: [1961]42ITR288(Cal)

..... respondents to file a competent affidavit setting out the method of computation by which the value of the shares have been arrived at ..... below net wealth means the amount by which the aggregate value computed in accordance with the provisions of this act of all the ..... for liabilities which have not ripened into debts the scheme of computation under the gift tax act is however different there we are .....

S. Inder Singh Gill Vs. Commissioner of Income-tax, Bombay City-ii

Court: Mumbai

Reported in: [1963]47ITR284(Bom)

..... the statutory agent jeevansingh grewal but should have been re computed after making certain allowances permissible under section 9 of the ..... section 13 provides that income profits and gains shall be computed for the purposes of section 10 business and section 12 ..... paid as contributions to any provident fund section 16 deals with computation of total income the heading of section 16 exemptions and .....

M.C.T.M. Corporation (Private) Ltd. Vs. the Commissioner of Income-tax

Court: Chennai

Reported in: (1962)2MLJ271

..... by the kualalumpur and johore businesses constitute proper deductions from the computation of foreign profits of the assessee for the calendar year 1945 ..... indian income tax act to the travancore state was to be computed according to the law that was subsequently introduced that was ..... set off that loss itself was not intended to be re computed in accordance with the principles of the indian income tax .....

M. C. T. M. Corporation Private Ltd. Vs. Commissioner of Income-tax Ma ...

Court: Chennai

Reported in: [1963]47ITR478(Mad)

..... kuala lumpur and johore businesses constitute proper deductions from the computation of foreign profits of the assessee for the calendar year ..... into conformity with the malayan currency a sliding scale for computation of the respective values of the two currencies was introduced ..... income tax act to the travancore state was to be computed according to the law that was subsequently introduced that was .....

Calcutta Hospital and Nursing Home Benefits Association Ltd., Calcutta ...

Court: Kolkata

Reported in: AIR1963Cal598,[1963]47ITR247(Cal)

..... the central board of revenue to the income tax officers to allow such reserve for computation of the profits but holds that there is no legal sanction behind such executive instructions ..... and that the entrance fees and subscriptions received from members must be included in the computation of such profits 60 the distinguishing features in that case are incorporation independent share capital .....

American Automobile Ass'n Vs. United States

Court: US Supreme Court

..... the treasury footnote 5 likewise other findings merely reflecting statistical computations of average monthly cost per member on a group or ..... been made averages are frequently utilized in tax reporting in computing the value of work in process in distributing overhead to ..... the 1916 act the sections dealing with permissible methods of computing income were revised to provide that a corporation keeping .....