Deduction - Judgment Search Results

Commissioner Vs. Estate of Hubert

Court: US Supreme Court

..... her position the regulation says 105 the value for the purpose of the marital deduction of any deductible interest which passed from the decedent to his surviving spouse is to be determined ..... its first sentence recites with t he value for the purpose of the marital deduction of any deductible interest which passed from the decedent to his surviving spouse emphasis added a materiallimita .....

Mahindra and Mahindra Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1997)61ITD129(Mum.)

..... contra distinction to the percentage of completion method the assessee is entitled to claim a deduction for anticipated losses the relevant portion of the accounting standard as 7 is reproduced below ..... expenditure incurred by an assessee on the maintenance of guest houses is allowed as a deduction in computing the profits and gains of business or profession subject to certain limits specified .....

Commissioner of Income-tax Vs. F.C. Sondhi and Co. (India) Pvt. Ltd.

Court: Punjab and Haryana

Reported in: [1998]230ITR279(P& H)

..... of foreign trade therefore expenditure incurred in connection with foreign trade shall qualify for deduction in continental device india ltd 1992 198itr680 delhi expenditure on repairs and renewals ..... dismissed the department s special leave petition against the order of the delhi high court whereby deduction under section 35b had been allowed on salaries wages telegram expenses postage and .....

M.V. S. Sastry Vs. Commissioner of Income Tax

Court: Chennai

Reported in: (1998)150CTR(Mad)67

..... conditions prescribed under the abovesaid provisions the assessee is not entitled to get allowance for deduction of gratuity liability which was allowed in the original assessment made by the income tax ..... thereunder it is not possible to allow the provision made for gratuity liability as a deduction therefore according to the department inasmuch as the assessee has not fulfilled the conditions .....

Commissioner of Income Tax Vs. Dr. Anand Sarabhai. (Also Cit V. Execut ...

Court: Gujarat

Reported in: (1998)147CTR(Guj)391

..... in respect of the amount of division which was eligible to deduction the tribunal negatived the departments contention that even when the ..... s 80k which prevailed at that time read as under 80k deduction in respect of dividends attributable to profits and gains from ..... the aforesaid proportion however that is distinct from the question of deductions allowable under s 80k which can be invoked in respect .....

Vellore Electric Corporation Ltd. Etc. Vs. Commissioner of Income Tax.

Court: Supreme Court of India

Reported in: (1997)141CTR(SC)398

..... 3 these appeals broadly involve following two questions i is the assessee entitled to claim deduction in respect of sums transferred to the contingencies reserve development reserve and tariffs and ..... judgment has rightly held that the amount appropriated towards development reserve could not be deducted 10 provisions regarding tariffs and dividend control reserve are contained in sub paras 1 .....

Commissioner of Income Tax Vs. F. C. Sondhi and Co. (India) (P) Ltd.

Court: Punjab and Haryana

Reported in: (1997)143CTR(P& H)178

..... did not fully support such a proposition the expenditure which would qualify for weighted deduction could also include such expenditure as would indirectly develop or promote export markets shri ..... court dismissed the departments special leave petition against the order of the delhi high court whereby deduction under s 35b had been allowed on salaries wages telegram expenses postage and telephone .....

Commissioner of Income Tax Vs. Hansa Agencies (P) Ltd.

Court: Punjab and Haryana

Reported in: (1997)143CTR(P& H)162

..... markets was primarily to provide an incentive for promotion of exports benefit of weighted deduction was however limited to certain specified categories of expenditure only any expenditure other than ..... the department had issued a circular accepting the special benchs formula and allowing proportionate deduction of expenditure the circular dt 28th december 1981 intended to accept the said decision .....

Vijay Kumar Aggarwal Vs. Commissioner of Income-tax

Court: Punjab and Haryana

Reported in: (1997)142CTR(P& H)510; [1998]232ITR179(P& H)

..... only 3 the assessee went in appeal before the commissioner of income tax claiming weighted deduction on various expenses including the three items of expenditure namely 1 export expenses insurance premium ..... expenditure all those expenditures were held to be not allowable for the purposes of weighted deduction these miscellaneous expenses have been declared to be ineligible the gujarat high court in .....

Auer Vs. Robbins

Court: US Supreme Court

..... general matter true executive administrative or professional employees are not disciplined by piecemeal deductions from their pay but are terminated demoted or given restricted assignments 1 ..... it imperative that public sector employers have the ability to impose disciplinary pay deductions on individuals employed in genuine executive administrative or professional capacities mueller v reich .....