Deduction - Judgment Search Results

J.B. Boda and Co. (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1992)41ITD36(Mum.)

..... programme in india specified under section 35cca should be excluded in computing the expenditure deductible from the foreign commission earnings the relevant facts may first be stated 3 the ..... of royalty commission cannot be interpreted to mean income which is arrived at only after deducting expenses incurred directly to earn such income this interpretation finds support from the following .....

Jeevanlal Narsi and Sons Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1992)42ITD719(Hyd.)

..... mere circumstance that the assessee himself did not claim any deduction under section 43b does not have any significance in this ..... notwithstanding anything contained in any provisions of this act a deduction otherwise allowable or which ought to be considered under act ..... the legislature was to curb undesirable practice of claiming the deduction of taxes on the basis of incurrence of liability but .....

Jay Engg. Works Ltd. Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1992)43ITD594(Delhi)

..... hyderabad unit assessee had furnished a price list before excise department claiming inter alia deductions for post manufacturing expenses on 21 5 1969 superintendent of central excise technical decided ..... that the assessee should not claim excess depreciation investment allowance and other statutory deductions in respect of excess period of three months comprised in the previous year by .....

R.M. Enterprises, Mittal Vs. First Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... depreciation investment allowance or development rebate in respect of machinery and plant installed or deduction is granted with reference to profits and gains of an industrial undertaking parliament ..... contemplated parliament in its wisdom has selected certain industrial undertakings to which both deductions with reference to machinery plant installed and profits gains derived from the activities .....

Assistant Commissioner of Vs. Paharpur Cooling Towers (P.) Ltd.

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1993)44ITD540(Kol.)

..... as claimed by the assessee subject to verification of the arithmetical accuracy of the deduction claimed by the assessee the admissible rate of depreciation additional depreciation and investment ..... as claimed by the assessee subject to verification of the arithmetical accuracy of the deduction claimed by the assessee the admissible rate of depreciation additional depreciation investment allowance .....

Vraj Lal Mani Lal and Co. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1993)44ITD413(Delhi)

..... 1980 upheld the order of the first appellate authority and confirmed the allowing of the deduction of the contribution towards the employees share amp the employers share for home workers the ..... the employee agrees if the home workers through their sattedars had agreed to the manufacturer deducting that portion representing the contributions to be made towards their share there would not have .....

Chettinad Agencies (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

Reported in: (1993)44ITD243(Mad.)

..... section 41 2 profits could be taken into reckoning for purposes of computing the deduction admissible under the section the second question was whether the unabsorbed depreciation and development ..... years could be first adjusted against the profits of the industrial undertaking and the deduction admissible under section 80e computed thereafter with reference to the resultant figure the department .....

Sutlej Cotton Mills Ltd. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1993)45ITD22(Kol.)

..... a contingent liability and cannot be allowed as a deduction 70 deduction under section 80g the assessee had given a ..... unabsorbed depreciation unabsorbed investment allowance unabsorbed loss and unabsorbed deduction relating to tax holiday as a consequential amendment chapter ..... in respect of certain other incomes certain concessions or deductions are given to illustrate this under chapter iii under .....

Elektrim Polskie Towarzystwg Vs. First Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1992)42ITD285(Delhi)

..... employer in not depositing the tax claimed to have been deducted at source therefore on account of the employer delaying the ..... not be deprived of being allowed credit of the tax so deducted 5 smt bhattacharya the senior departmental representative strongly objected to ..... 1982 and the assessment year that follows the year of deduction is assessment year 1982 83 therefore the assessing officer was .....

Nagpur Alloys Castings Ltd. Vs. Dy. Commissioner of Income-tax

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (1992)43ITD659(Nag.)

..... is made as per a scheme of amalgamation under the provisions of section 32ab such deductions are not allowable perhaps because in india such amalgamations usually arise infrequently 11 under section ..... of section 32ab 3 in order to ensure uniformity in determining the profit qualifying for deduction as also to reduce uncertainty about the interpretation of terms profit of eligible business or .....