Deduction - Judgment Search Results

Madras Bar Association and ors. Vs. Central Board of Direct Taxes and ...

Court: Chennai

Reported in: (1996)130CTR(Mad)360

..... sub s 4 of s 194c provides the procedure for non deduction or deduction at a lower rate in cases where the recipients produce ..... to two per cent of the sum required to be deducted is a deduction at source indeed it is neither possible nor permissible for ..... telecasting contracts labour contracts materials contracts and works contracts ii no deduction at source under s 194c shall be required to be made .....

Assistant Commissioner of Vs. Northern India theatres Pvt. Ltd.

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1996)56ITD42(Delhi)

..... the tea board the assessee shall be allowed a deduction such deduction being allowed before the loss if any brought forward ..... that under both the clauses the legislature intended to allow deduction exclusively on profits of eligible business non eligible business ..... that under both the clauses the legislature intended to allow deduction exclusively on profit of eligible business non eligible business .....

Monarch Foods Pvt. Ltd. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1995)53ITD33(Ahd.)

..... section 80hhc brought forward deficiencies of business loss and unabsorbed depreciation etc should be deducted first and deduction under section 80hhc should be restricted to the resultant figure or the sequence ..... first and from the resultant figure brought forward deficiencies of business loss etc were deducted on the other hand in the subsequently passed order under section 154 brought forward .....

Bharat Forge Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (1995)53ITD575(Pune.)

..... counsel therefore concluded that even the expenditure on foreign travel should be allowed as deduction as the revenue expenditure 15 on the other hand the learned senior departmental representative ..... the tribunal had held that such expenditure were capital in nature and hence not deductible while computing the profits of the assessee the learned departmental representative thus concluded that .....

Gujarat Forging (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1996)56ITD208(Ahd.)

..... the proceedings under section 263 for assessment year 1981 82 as regards grant of rated deduction under section 35b in respect of printing and stationery expenditure it was submitted that ..... orders under section 263 for all these years the learned departmental representative submitted that the deduction under section 80j was allowed without understanding the true meaning interpretation and scope of .....

Sharma Associates Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Pune

..... he has directed the assessing officer to tax the receipts on receipt basis and allow deduction when expenses were incurred accordingly the assessing officer subjected the aforesaid deposits as trading ..... therefore he strongly urged that the expenditure covered by the disclosure should be allowed as deduction 34 the learned departmental representative on the other hand supported the decision of the .....

Deputy Commissioner of Vs. Sangrur Vanaspati Mills Ltd.

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (1996)56ITD168(Chd.)

..... this figure was arrived at before giving deductions of investment allowance depreciation deduction under section 80g and deduction under section 80hh deductions ultimately allowed in respect of investment allowance ..... id cit appeals had correctly directed the assessing officer to compute deduction under section 80hh without deducting the investment allowance from the profits and gains of the .....

K. Gangadhar Ramareddy Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1996)59ITD282(Hyd.)

..... the incentive bonus is part of salary and assessee is entitled for no other deduction except standard deduction there is no contrary decisions by any other high courts on the issue in ..... as stated earlier the salaried employee for the years under appeal is entitled for deduction of standard deduction only this position of the law has been upheld by the andhra pradesh high .....

Dr. Reddy Laboratories Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1996)58ITD104(Hyd.)

..... for the purpose of business of the assessee further since standard deduction is allowed under section 16 i of the act to ..... exemptions were correctly allowed by the assessee while computing the tax deductible at source in respect of its employees he also submitted ..... medical reimbursement from the purview of salary for the purposes of deduction of tax at source 12 similarly provisions of section 10 .....

Commissioner of Income-tax Vs. Achaldas Dhanraj and Sanklecha Brothers

Court: Rajasthan

Reported in: (1995)128CTR(Raj)325; [1996]217ITR799(Raj)

..... learned counsel for the revenue the provisions of section 43b are reproduced hereunder 43b certain deductions to be only on actual payment notwithstanding anything contained in any other provision of this ..... stated about this explanation see 1989 176 itr 123 amendment of provisions relating to certain deductions to be allowed only on actual payment 24 under the existing provisions of section 43b .....