Computer - Sortby Recent - Year 2002 - Judgments

Dec 31 2002 (HC)

Commissioner of Income Tax Vs. Madras Radiators and Pressings Ltd.

Court: Chennai

Decided on: Dec-31-2002

Reported in: (2003)183CTR(Mad)332; [2003]264ITR620(Mad)

..... thereunder he would be entitled to deduct the said amount in computing his business income but section 43b controls the allowability of ..... clause va of sub section 1 of section 36 in computing the business income under section 28 provided the assessee credits ..... and allowed as permissible deduction under section 36 1 va in computing business income under section 28 provided assessee credits same to .....

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Dec 31 2002 (HC)

Oriental Insurance Co. Ltd. Vs. Rakesh Kumar and ors.

Court: Jammu and Kashmir

Decided on: Dec-31-2002

Reported in: 2003ACJ1008

..... free ration and other facilities these factors were never projected and taken note of while computing the income of the claimant therefore to say that the income has been wrongly ..... computed and this assessment is exorbitant cannot be accepted 8 so far as item no 3 .....

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Dec 31 2002 (HC)

Cit Vs. Kanyakumari Distt. Co-op. Spg. Mills Ltd.

Court: Chennai

Decided on: Dec-31-2002

Reported in: [2003]128TAXMAN544(Mad)

..... assessee would have claimed the salary paid to its employees as business expenditure in the computation of business income apart from there being no material for such an assulliption we are .....

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Dec 31 2002 (HC)

The Commissioner of Income-tax Vs. B.S. Sundaravadivel Mudaliar and So ...

Court: Chennai

Decided on: Dec-31-2002

Reported in: (2003)181CTR(Mad)544

..... the divided coparceners in the hindu undivided family should be allowed as deduction in the computation of its business income the assessing officer however held that the partial partition effected after ..... several liability of the members with reference to the liability of the family shall be computed according to portion of the joint family property allotted to the members concerned in the .....

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Dec 31 2002 (HC)

Jai Bharath Tanners Vs. the Commissioner of Income-tax

Court: Chennai

Decided on: Dec-31-2002

Reported in: (2003)181CTR(Mad)431; [2003]264ITR673(Mad)

..... section 74a and the deficiency referred to in sub section 3 of section 80j as computed in each case in the regular assessment if any for the earlier assessment year or ..... assessment in regard to items specified in iv above are to be based on the computation made in the regular assessment if any for the earlier assessment year or years 11 .....

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Dec 31 2002 (HC)

The Commissioner of Income Tax Vs. Tamil Nadu Sugar Corporation Limite ...

Court: Chennai

Decided on: Dec-31-2002

Reported in: (2003)182CTR(Mad)61; [2004]265ITR466(Mad)

..... above principle the profits of the income tax are to be computed in accordance with the ordinary principles of accountancy while anticipated ..... of the true state of the business for the purpose of computing the chargeable income such a system may produce a comparatively ..... be shifted to another year which is an incorrect method of computing profits and gains for the purpose of assessment each year .....

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Dec 31 2002 (HC)

The Tamil Nadu Brick and Tile Manufacturers Industrial Service Co.Oper ...

Court: Chennai

Decided on: Dec-31-2002

Reported in: (2003)182CTR(Mad)158; [2004]265ITR332(Mad)

..... payable by the society should be allowed as a deduction in computing the business income of the assessee society this ground was ..... be a deductible expenditure under the income tax act in the computation of net profits of the co operative society in the ..... not profits regulated by any statute but profits in a business computed on business principles they are business profits and not statutory profits .....

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Dec 31 2002 (HC)

Tamil Nadu Brick and Tile Mfrs. Industrial Service Co-operative Societ ...

Court: Chennai

Decided on: Dec-31-2002

Reported in: [2003]129TAXMAN343(Mad)

..... payable by the society should be allowed as a deduction in computing the business income of the assessee society this ground was ..... be a deductible expenditure under the income tax act in the computation of net profits of the cooperative society in the normal ..... not profits regulated by any statute but profits in a business computed on business principles they are business profits and not statutory .....

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Dec 31 2002 (HC)

Cit Vs. B.S. Sundaravadivel Mudatiar and Sons

Court: Chennai

Decided on: Dec-31-2002

Reported in: [2003]128TAXMAN74(Mad)

..... the divided coparceners in the hindu undivided family should be allowed as deduction in the computation of its business income the assessing officer however held that the partial partition effected after ..... several liability of the members with reference to the liability of the family shall be computed according to portion of the joint family property allotted to the members concerned in the .....

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Dec 31 2002 (HC)

Commissioner of Wealth-tax Vs. Kodaikanal Club

Court: Chennai

Decided on: Dec-31-2002

Reported in: (2003)181CTR(Mad)534; [2003]260ITR617(Mad)

..... per cent of the valuation of the property for the purpose of computation of net wealth of the assessee 5 aggrieved by the order of ..... discount of 70 per cent on the valuation of the property for computation of the net wealth preferred an appeal in w t a no ..... case of a company established before the commencement of this act be computed in accordance with this act from the date of its establishment as .....

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