Deduction - Judgment Search Results

Deputy Commissioner of Vs. Kicha Sugar Co. Ltd.

Court: Income Tax Appellate Tribunal ITAT Delhi

..... a favour ultimately the learned departmental representative contended for the position that the claim for deduction is a claim which should have been considered only by applying the provisions of section ..... fulfilled and the subjective satisfaction of those conditions was necessary and a must before allowing deduction of ex gratia customary bonus the headnote of the decision of the supreme court .....

Govind Glass and Industries Ltd. Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1996)56TTJ(Ahd.)430

..... yeas 1962 to 1964 with reference to the mercantile system of accounting and its deductibility as expenditure in this case the assessee was maintaining mercantile system of accounting with ..... adjustment of the unabsorbed investment allowance unabsorbed business loss unabsorbed depreciation and allowing the deduction of the amount on account of difference of the price enhancement chargeable by the .....

V. Narayanswamy Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Madras

..... 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 ..... assets both computed in accordance with the provision of the act but before making the deductions under chapter via therefore water other statutory dedications may be given from the income from .....

Degremont India Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1996)59ITD423(Delhi)

..... 2 d the learned counsel then explained the legislative history relating to grant of various deductions and exemptions with a view to provide incentives for industrial growth he explained that ..... for the industries listed in those schedules are made eligibile for different types of concessions deductions provided in various provisions of it act 1961 such expression as things or articles are .....

Assistant Commissioner of Income Vs. M. Srinivasulu.

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1997)59TTJ(Hyd.)393

..... the incentive bonus by a development officer are allowable as deduction and that the net incentive bonus alone is includible in ..... income also consistently held that reasonable expenses have to be deducted from the gross incentive bonus and the net amount alone ..... accompanying it shall be rectified ii any loss carried forward deduction allowance or relief which on the basis of the information .....

Assistant Commissioner of Income Vs. M. Srinivasulu

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1997)62ITD159(Hyd.)

..... the incentive bonus by a development officer are allowable as deduction and that the net incentive bonus alone is includible in ..... income also consistently held that reasonable expenses have to be deducted from the gross incentive bonus and the net amount alone ..... accompanying it shall be rectified ii any loss carried forward deduction allowance or relief which on the basis of the information .....

income Tax Officer and anr. Vs. Dinesh K. Shah and ors.

Court: Chennai

Reported in: (1997)138CTR(Mad)297

..... if any such person principal officer or company does not deduct or after deducting fails to pay the tax as required by or ..... failure of a person without reasonable cause or excuse to deduct or after deducting to fail to pay the tax as required by or ..... that a person failing without reasonable cause or excuse to deduct or after deducting the tax as required by the provisions hereinbefore mentioned shall .....

Assam Frontier Tea Ltd. Vs. Assistant Commissioner of Taxes and ors.

Court: Guwahati

Reported in: (1997)139CTR(Gau)64

..... provision only support the contention of the petitioner that during the relevant assessment year such deductions were permissible 13 i have given much thought to the submissions of learned counsel dr ..... in accordance with law and the authorities on materials produced if satisfied may grant such deductions showing actual expenditure made on account of welfare schemes such as hospitals or schools for .....

Deputy Commissioner of Vs. Lee and Muirhead Ltd.

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1997)60ITD57(Mum.)

..... as a self contained code and for the purpose of determining the permissible deductions thereunder the deductions available under the provisions of the indian income tax act 1922 which might ..... rescinded subsequently with retrospective effect cannot have any effect on the eligibility to grant deduction under section 35cca the subsequent withdrawal of the approval by the prescribed authority would .....

Sudershan Auto and General Finance Vs. Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

..... the assessee received deposits from various depositors throughout the financial year 1993 94 tax was deducted at source from the amount of interest monthly credited in the accounts of such depositors ..... accounts and thereby the assessee could credit the interest income in their respective accounts without deduction of tax at source the cit could require the assessee to mention a specific date .....