Deduction - Judgment Search Results
Home > Cases Phrase: deduction Year: 1968 Page 1 of about 306 results (0.048 seconds)Commissioner of Income-tax, West Bengal Vs. Nawn Estates Private Ltd.
Court: Kolkata
Decided on: Feb-22-1968
Reported in: [1968]70ITR784(Cal)
..... making or earning the guarantee commission on the security of that building and therefore is deductible the tribunal applied the privy councils decision in probhat chandra barua v commissioner of income ..... first five heads specified in section 6 contains where proper specific provisions for the necessary deductions and allowances to be made for the purpose of arriving at the taxable balance section .....
Tag this Judgment! Ask ChatGPTCanara Workshops Ltd. Vs. State of Mysore
Court: Karnataka
Decided on: Nov-21-1968
Reported in: ILR1969KAR318; [1969]23STC438(Kar)
..... but the deputy commissioner of commercial taxes thought that those deductions were illegitimate deductions and so in the exercise of his revisional power ..... does is no more than to authorise a particular deduction the other deductions allowed by the general sales tax law of the ..... this sub rule incorporates an exhaustive provision with respect to deductions it is plain that it does not it is more .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Calcutta Landing and Shipping Co. Ltd.
Court: Kolkata
Decided on: Jun-21-1968
Reported in: AIR1969Cal171,[1970]77ITR575(Cal)
..... legal and accountancy costs in the preparation and prosecution of that appeal and claimed to deduct them in computing its profits for income tax purposes the claim of the subsidiary company ..... is that expenses incurred in conducting proceedings connected with the assessment of tax are not deductible expenses inasmuch as such expenses are incurred by the assessee not wholly and exclusively for .....
Tag this Judgment! Ask ChatGPTCommissioner of Gift-tax, West Bengal Ii Vs. Atrilal P. Mewar.
Court: Kolkata
Decided on: Mar-04-1968
Reported in: [1968]70ITR225(Cal)
..... sheet for taxation and the amount of proposed dividend should be deducted from the value of the assets this contention was rejected by ..... easily ascertainable at the end of the accounting year should be deducted dr pal referred to the decision of the supreme court in ..... v commissioner of wealth tax in that case the assessee claimed deduction of its liability for sales tax in its income tax assessment .....
Tag this Judgment! Ask ChatGPTMapp (inspector of Taxes) Vs. Oram.
Court: Kolkata
Decided on: May-15-1968
Reported in: [1969]71ITR354(Cal)
..... recognized that the maintenance of children imposed some financial burden upon parents and accordingly allowed deductions for children from the income tax with which parents are chargeable in the present case ..... point which then arises namely whether the sons net income exceeded pound 115 after proper deductions for necessary expenses counsel were i think agreed the matter should be remitted to the .....
Tag this Judgment! Ask ChatGPTinland Revenue Commissioners Vs. Land Securities Investment Trust Ltd.
Court: Kolkata
Decided on: May-20-1968
Reported in: [1969]73ITR105(Cal)
..... to the statutory provisions concerning the computation of profits for profits tax they should be deducted in computing the profits assessed and the assessments should be reduced accordingly 2 it was ..... the payments claimed were in their nature rents and as such were income payments properly deductible in computing the companys profits we left figures to be agreed the commissioner therefore found .....
Tag this Judgment! Ask ChatGPTR. B. Seth Moolchand Vs. Commissioner of Income-tax.
Court: Rajasthan
Decided on: Mar-28-1968
Reported in: [1968]70ITR245(Raj)
..... from land therefore the payments under the agreement were not admissible deduction foe income tax purposes in this case it is not contended ..... to start a business and such expense is not an allowable deduction it is contended that the assessee could have treated as his ..... the indian income tax act 1922 special provision was made for deduction in case of business for prospecting mineral oils the same .....
Tag this Judgment! Ask ChatGPTMahabir Sugar Mills (P.) Ltd. Vs. Commissioner of Income-tax, U.P.
Court: Allahabad
Decided on: Mar-29-1968
Reported in: [1969]71ITR87(All)
..... of punishment as the assessee was under a statutory obligation to deduct that amount at source since the liability arose out of an ..... exclusively expended for the purpose of business it was not therefore deductible under section 10 2 xv of the indian income tax act ..... it was held that the mitigated penalty was not on admissible deduction in arriving at the profits of the companys trade for excess .....
Tag this Judgment! Ask ChatGPTM. N. Ramaswamy Iyer (by His Legal Representative) Vs. Commissioner of ...
Court: Kerala
Decided on: Aug-01-1968
Reported in: [1969]71ITR218(Ker)
..... the assessee did not rightly press the assessees claim for deduction on this ground the assessee is not admittedly a dealer ..... taxable territories and tax has not been paid thereon nor deducted therefrom under section 18 the learned counsel for the ..... madanlal sohanlal v commissioner of income tax the principles for deduction of expenditure are different in different sections under different heads .....
Tag this Judgment! Ask ChatGPTPlantation Corporation of Kerala Vs. Commissioner of Agricultural Inco ...
Court: Kerala
Decided on: Aug-01-1968
Reported in: [1969]73ITR23(Ker)
..... income of a person shall be computed after making the following deductions namely d any expenses incurred in the previous year on repairs ..... other words unless there is income there is no question of deducting expenses on the other hand the learned counsel for the assessee ..... this contention and held that the assessee was entitled to the deductions though there may be no income in that year the learned .....
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