Deduction - Judgment Search Results

Commissioner of Income-tax Vs. Orient Paper Mills Ltd.

Court: Kolkata

Reported in: (1981)23CTR(Cal)180,[1983]139ITR763(Cal)

..... the computation of the profits and gains of business and specifically provided for certain deductions and disallowances eligible for computation similarly section 84 which replaced section 15c of the ..... similarly in computing the profits of the assessee for the purpose of the special deduction provided under section 80e items of unabsorbed depreciation and unabsorbed development rebate carried forward .....

Commissioner of Income-tax (Central) Vs. Oriental Co. Ltd.

Court: Kolkata

Reported in: (1981)25CTR(Cal)75,[1982]137ITR777(Cal)

..... rate equals the amount or value of the distribution after any deduction of income tax actually made and subject to any enactment ..... rate equals the amount or value of the distribution after any deduction of income tax actually made and subject to the enactments ..... standard rates equals the amount or value of distribution after any deduction of income tax actually made and subject to any enactment .....

Podar Trading Co. (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1984)7ITD666(Mum.)

..... the finance act 1975 has amended the income tax act retrospectively and under this amendment deduction in respect of provision for gratuity payable to employees on retirement or termination of their ..... just because the liability has accrued during the previous year it is allowed as a deduction only because the assessee follows mercantile system of accountancy as distinguished from cash method of .....

Commissioner of Income-tax Vs. Belliss and Morcom (i.) Ltd.

Court: Kolkata

Reported in: (1982)26CTR(Cal)76,[1982]136ITR481(Cal)

..... i applies if such a company is also entitled to other deductions then such deductions are enjoined to be deducted from the deductions allowed under sub section 1 of section 80 i this would ..... the case of new industrial undertakings employing displaced persons etc section 80m which deals with deduction in respect of certain inter corporate dividends a section which was considered by the supreme .....

Gujarat Narmada Valley Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1982)2ITD515(Ahd.)

..... the commissioner appeals to be declared not liable to make such deduction deduction of tax refers to section 195 the payment of tax likewise ..... as regards the request for permission to make further remittances without deduction of tax the high court held as follows if the ..... could not claim any right under section 195 2 not to deduct the taxes referring to the expression denies his liability obtaining in .....

income-tax Officer Vs. Sri Krishna Tiles and Potteries

Court: Income Tax Appellate Tribunal ITAT Madras

Reported in: (1983)3ITD617(Mad.)

..... accordance with an actuarial valuation of the ascertainable liability has to be allowed as a deduction and that no distinction whatsoever is made between initial and incremental liability he also ..... unless certain conditions were fulfilled 8 though section 40a 7 was enacted apparently to prohibit deductions two categories of provisions were saved by section 40a 7 from being disallowed those .....

United States Vs. Swank

Court: US Supreme Court

..... it is unlikely that congress intended to limit the availability of the percentage depletion deduction to the mining operations with the greatest bargaining power third and most important the ..... when he adopts a rational position that is consistent with the purpose behind the depreciation deduction congressional intent and the language of the statute and interpretative treasury regulations of course .....

Oil India Limited Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: (1981)24CTR(Cal)276,[1982]135ITR713(Cal)

..... the ito passed the order as follows the assessee has claimed deduction of rs 61 565 being guarantee commission for purchase of gas ..... debit notes the claim of the assessee company for allowance of deduction of the service charges relatable to the second half year of ..... the acceptance of the assessee s plea would involve granting as deduction a larger amount than was demanded at the stage of assessment .....

H.H. Sethu Parvathi Bai Vs. Wealth-tax Officer

Court: Income Tax Appellate Tribunal ITAT Cochin

Reported in: (1982)1ITD46(Coch.)

..... the said act provides for giving credit of the tax so deducted in the assessment if any made for the immediately following ..... these provisions are relevant as establishing the necessary facts namely the deduction of the tax and the right that comes to the assessee ..... this postponement of the adjustment or giving credit for the tax deducted at source does not convert the right of the assessee over .....

Vazir Sultan Tobacco Co. Ltd., Hyderabad and ors. Vs. Commissioner of ...

Court: Supreme Court of India

Reported in: AIR1981SC2105; (1981)25CTR(SC)186; [1981]132ITR559(SC); 1981(3)SCALE1483; (1981)4SCC435; [1982]1SCR789

..... on that portion of the chargeable profits of the previous year which exceeded the standard deduction in the appeal preferred by the assessee company against the assessment the appellate commissioner upheld ..... estimated liability under gratuity schemes framed under industrial awards amounted to debts and could be deducted while computing the net wealth of the assessee company under the wealth tax act .....