Deduction - Judgment Search Results

Assistant Commissioner of Income Vs. Pratibha Syntex Ltd.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

..... anything contained in that section for the purpose of computing the deduction under that section the amount of income of that nature as ..... included in the gross total income chapter vi a specifies certain deductions which an assessee is entitled to while computing his total ..... income part c in chapter vi a enumerates the income based deductions which are required to be granted while computing the total .....

Assistant Commissioner of Income Vs. Pratibha Syntex Itd.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1999)63TTJ(Ahd.)409

..... anything contained in that section for the purpose of computing the deduction under that section the amount of income of that nature as ..... included in the gross total income chapter vi a specifies certain deductions which an assessee is entitled to while computing his total ..... income part c in chapter vi a enumerates the income based deductions which are required to be granted while computing the total .....

Lunding Vs. New York Tax Appeals Tribunal

Court: US Supreme Court

..... taxation of individuals 36 7 p 36 18 2d ed 1995 unlike most other personal deductions the deduction for alimony payments is best viewed as a method of designating the proper taxpayer for ..... to income approach directly leads to what christopher lunding candidly argued any and every personal deduction allowed to residents must be allowed to nonresidents in the proportion that new york income .....

inspecting Assistant Vs. Tata Chemicals Ltd. Tata

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1999)68ITD205(Mum.)

..... 1 lays down that if any such person does not deduct or after deducting fails to pay the tax he or it shall without ..... if any such person principal officer or company does not deduct or after deducting fails to pay the tax as required by or under ..... adjusting any excess or deficiency arising out of any previous deduction of failure to deduct during the financial year explanation in this section gazetted .....

A-one Cycles Ltd. Vs. Asstt. Cit Vs. J.H. Gotla (1985) 156 Itr 323 (Sc ...

Court: Income Tax Appellate Tribunal ITAT Delhi

..... suffered in engineering division with the profit earned in the leather division before allowing the deduction under s 80hhc as mentioned above engineering division is a separate unit engaged in ..... for adjusting its loss against the profit of the leather division before allowing deduction under s 80hhc deduction under s 80hhc is otherwise allowable on the profit derived from export business .....

Oil and Natural Gas Commission Vs. Additional Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1999)69ITD69(Delhi)

..... unable to accept the contention of the learned senior departmental representative that the aggregate deduction in respect of depreciation allowable to the ongc and the corporation should not exceed ..... to an additional ascertained liability during that year since the ao has already allowed deduction for foreign exchange fluctuation loss in respect of liabilities incurred and discharged during the .....

Gujarat Narmada Valley Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1999)71ITD66(Ahd.)

..... section 201 provides that if the person so obliged to deduct does not deduct or after deducting fails to pay the tax he shall be deemed ..... officer tds 2 addressed to the assessee for the alleged non deduction short deduction of tax at source and also letter dated 9 12 1994 ..... the company of which he is the principal officer does riot deduct or after deducting fails to pay the tax as required by or under .....

B.M. Parmar Vs. Commissioner of Income Tax

Court: Punjab and Haryana

Reported in: (1998)150CTR(P& H)548; [1999]235ITR679(P& H)

..... applied it in satisfaction of his personal debts incurred in speculative transactions the assessee claimed deduction on account of the loss sustained by him as a result of misappropriation by the ..... certain necessary expenditures in the course of performance of duties such expenditures were eligible for deduction while arriving at the real income in their hands 11 r p sawhney learned senior .....

Eastern Leather Products (P.) Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1999)68ITD358(Delhi)

..... in engineering division with the profit earned in the leather division before allowing the deduction under section 80hhc as mentioned above engineering division is a separate unit engaged in ..... for adjusting its loss against the profit of the leather division before allowing deduction under section 80hhc deduction under section 80hhc is otherwise allowable on the profit derived from export business .....

Shriram Transport Finance Co. Ltd. Vs. Assistant Commissioner of Incom ...

Court: Chennai

Reported in: [2000]70ITD406(Mad)

..... the provisions of the income tax act by way of regular computation all the deductions for expenditure incurred for the purpose of business and other allowances including depreciation allowance ..... incentives granted by the government pay some tax the incentives that are allowed as a deduction while computing the business income are investment allowance development rebate etc certain other incentives .....