Deduction - Judgment Search Results

United Phosphorus Ltd. Vs. Joint Commissioner of Income-tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2002)81ITD553(Ahd.)

..... here to refer to some of the provisions which specifically provide for grant of deduction amortization in relation to capital expenditure incurred for certain specified activities section 35a ..... necessarily implies that profits of such eligible new industrial undertakings will have to be deducted by the amount of depreciation attributable to depreciable assets of the respective industrial .....

United Phosphorus Limited Vs. Joint Cit

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2001)73TTJ(Ahd.)404

..... amount of premium on leasehold rent should be allowed and in the alternative proportionate deduction should be allowed as stated hereinabove shri girish dave the learned commissionerdepartmental representative ..... to refer to some of the provisions which specifically provide for grant of deduction amortization in relation to capital expenditure incurred for certain specified activities section 35a .....

thermax Babcock and Wilcox Ltd. Vs. Dy. Cit

Court: Income Tax Appellate Tribunal ITAT Pune

..... to the learned departmental representative under the peculiar circumstances the supreme court allowed that deduction on account of liability to be incurred in subsequent year however in the ..... to the learned departmental representative under these particular circumstances the supreme court allowed the deduction on account of liabilities to be incurred in subsequent year however according to the .....

Highway Cycles Industries Ltd. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2002)255ITR105(Chd.)

..... the tea board the assessee shall be allowed a deduction such deduction being allowed before the loss if any brought forward ..... to provide a different formula for quantification of the deduction if deduction was to be allowed on business income as computed ..... chandigarh benches of the income tax appellate tribunal were allowing deduction under section 32ab of interest income rent and miscellaneous .....

Punjab State Electricity Board Vs. Ito

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2004)88TTJ(Chd.)450

..... the company of which he is the principal officer does not deduct or after deducting fails to pay the tax as required by or under ..... as is referred to in that sub section does not deduct or after deducting fails to pay the tax as required by or under ..... representative further argued further it was submitted that the assessee did deduct part of surcharge in the financial year 1990 91 which clearly .....

The Income Tax Officer, T.D.S. - Vs. Raj Television Network Ltd.,

Court: Income Tax Appellate Tribunal ITAT Chennai

..... issued in favour of the assessee which was cancelled and the assessee was directed to deduct tds and subsequently the assessee also filed indemnity bond before the authorities and subsequently for ..... over the matter and whenever application for no objection certificate was rejected the assessee has deducted tax under protest to keep its business continuing the noc was issued by acit company .....

Deputy Commissioner of Income-tax Vs. Core Healthcare Ltd.

Court: Gujarat

Reported in: (2001)169CTR(Guj)416; [2001]251ITR61(Guj)

..... of the act which read as under 36 other deductions 1 the deductions provided for in the following clauses shall be allowed ..... appellate tribunal has substantially erred in law in allowing as deduction interest on borrowing made for acquisition as capital assets though ..... nature of capital expenditure would not be allowable as a deduction while computing the income chargeable under the head profits and .....

Assistant Cit Vs. Gallium Equipment (P) Ltd.

Court: Delhi

Reported in: (2001)73TTJ(Del)130

..... the case the learned commissioner appeals has erred in directing the assessing officer to allow deduction under section 80 i by considering the interest on fdr miscellaneous receipts and chit ..... of government securities to obtain manufacturing facilities and industrial power connection was eligible for special deduction or not their lordships decided the issue in favor of assessed after noting that .....

Sol Pharmaceuticals Ltd. Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (2002)83ITD72(Hyd.)

..... clarification in circular no 23 still prevails no tax is therefore deductible under section 195 and consequently the expenditure on export payable ..... gains and income from other sources the scheme of tax deduction at source applies not only to the amount paid which ..... under section 195 3 in these circumstances the assessee should have deducted tax at source before making the remittances to the non .....

Bombay Snuff Co. Vs. Asstt. Cit

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (2002)76TTJ(Nag.)76

..... the assessee firm on account of interest and remuneration instead of gross total income after deducting the said payments meanwhile regular assessment proceedings were also initiated by the assessing officer ..... learned departmental representative that the relevant provisions of the act governing the allowance of deductions under sections 80hh and 80 i are quite clear and unambiguous inasmuch as the .....