Deduction - Year 1982 - Judgments

Nov 30 1982 (TRI)

income-tax Officer Vs. S. Viswanathan (Printers and

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Nov-30-1982

Reported in: (1983)5ITD20(Mad.)

..... 1981 where it was held that such interest payments were only revenue expenditure and admissible deduction the interest expenditure was incurred when the assessee took over the entire business of three ..... computed represents profits attributable to the specified business and third if there are such profits deduct a percentage thereof on the same analogy in the present section also it would appear .....

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Jul 07 1982 (TRI)

Cawnpore Sugar Works Ltd. Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Allahabad

Decided on: Jul-07-1982

Reported in: (1982)2ITD654(All.)

..... company of which he is the principal officer does not deduct or after deducting fails to pay the tax as required by or under ..... company of which he is the principal officer does not deduct or after deducting fails to pay the tax as required by or under ..... representation to the cbdt was for clarification that the exemption from deduction of tax notified by notification dated 22 10 1970 applied also .....

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Oct 15 1982 (HC)

Molins of India Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Decided on: Oct-15-1982

Reported in: (1983)35CTR(Cal)254,[1983]144ITR317(Cal)

..... payable by the company for any assessment year shall be deductible from the total income of the company assessable for that ..... 267 1949 17 itr suppl 1 hl and has allowed deduction of law charges incurred for conducting proceedings before the investigation ..... the proceedings before income tax investigation commission were not allowable deduction in the computation of the profits of the business under .....

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Mar 09 1982 (TRI)

Sri Venkateswara Hatcheries (P.) Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Mar-09-1982

Reported in: (1982)1ITD1077(Mad.)

..... calculated the relief available under section 80jj 26 the commissioner appeals however held that the deduction under section 80jj should be computed on the basis of commercial profits the percentage ..... satyanarayana the learned departmental counsel submitted that the commercial profits being a vague term the deduction available will vary according to the manner in which each assessee draws up his .....

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Feb 10 1982 (TRI)

V. Narayanaswamy Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Feb-10-1982

Reported in: (1982)1ITD397(Mad.)

..... mean the gross income from the transferred assets after inclusion of the gross income appropriate deduction permissible to a particular individual assessee in whose case the gross income is included would ..... the provisions of section 80b 5 which defines gross total income section sol provides for deduction where grog s total income includes income of the specified varieties we therefore have to .....

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Jun 11 1982 (TRI)

income-tax Officer Vs. Kailash Chand Maheshwari

Court: Income Tax Appellate Tribunal ITAT Amritsar

Decided on: Jun-11-1982

Reported in: (1982)2ITD255(Asr.)

..... also challenged the action of the ito in withdrawing the deduction allowed earlier under section 80k the aac upheld the reopening ..... in the original assessment the aac however held that the actual deduction under section 80j was immaterial and what was important was ..... for consideration before us is whether for the purpose of granting deduction under section 80k to the shareholders of the company it .....

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Sep 06 1982 (TRI)

Executive Engineer and Vs. First Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Sep-06-1982

Reported in: (1982)2ITD336(Mad.)

..... 201 under section 201 1 if there is a failure to deduct or after deducting to pay the tax as required by section 194c the ..... to the housing board only in february 1973 with instructions to deduct income tax from the bills of contractors with retrospective effect from ..... even against persons who being liable have failed to make the deduction of tax at source the third consequence is meant to be .....

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Sep 23 1982 (TRI)

income-tax Officer Vs. Kamsco Industries (P.) Ltd.

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Sep-23-1982

Reported in: (1983)3ITD359(Kol.)

..... 1968 the department has challenged the finding of the commissioner appeals on the ground that deduction allowed by the commissioner appeals is not in accordance with the provisions of section 80aa ..... the act as indicated in section 80aa and therefore the commissioner appeals should have allowed deduction under section 80m with reference to net income from dividend the assessee by argument as .....

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Dec 30 1982 (TRI)

Yenpeyees Rubber (P.) Ltd. Vs. First Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Dec-30-1982

Reported in: (1983)5ITD605(Mad.)

..... conformity with the finance minister s thinking that the straight deduction will be from the income qualifying the rebate the ..... act being an attempt to restrict the scope of the deductions available to the new industrial establishments especially in backward areas ..... the net intercorporate dividend and not the gross dividend before deduction of expenses however the notes mentioned in passing that the .....

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Dec 29 1982 (TRI)

income-tax Officer Vs. P.N.B. Finance Ltd.

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Dec-29-1982

Reported in: (1983)4ITD665(Delhi)

..... confirmation and that the amount will be paid without or after deduction of tax depending upon the clarification received from the central ..... deemed dividend and accordingly no tax is required to be deducted at source however by way of abundant caution out of ..... the amount of interest claimed could not be allowed as a deduction even under section 37 according to the learned departmental representative .....

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