Deduction - Judgment Search Results

South Eastern Coalfields Ltd. Vs. Jt. Cit

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (2002)77TTJ(Nag.)401

..... of income the assessing officer completed the assessment originally under section 143 3 allowing the deduction claimed by the assessee on account of contribution to cpra moreover even in the ..... relevant liability had not definitely arisen in the relevant accounting year and considering that the deduction is admissible only in respect of an ascertained liability proceeded to hold that the expenditure .....

South Eastern Coalfields Ltd. Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (2003)260ITR1(Nag.)

..... contended that the said liability had definitely arisen during the relevant year and therefore the deduction in respect of the same was allowable to the assessee following mercantile system of ..... relevant liability had not definitely arisen in the relevant accounting year and considering that the deduction is admissible only in respect of an ascertained liability proceeded to hold that the .....

Deputy Commissioner of Income Tax Vs. Shree Vallabh Glass Works Ltd.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

..... to suppress the mischief of withholding of payment and getting a deduction did not apply to such cases therefore the first proviso ..... to curb this practice viz not discharging their liability but claiming deduction in respect of such liability on the ground that they ..... remedial nature and was enabling provision for enabling grant of deduction in respect of pf contribution of last month provided such .....

Asian Hotels Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2002)81ITD127(Delhi)

..... shall be deemed to have received convertible foreign exchange for the purpose of claiming deduction under section 80hhd as against this the contention of the learned departmental representative is ..... could not be treated to be retrospective since one of the conditions for allowing deduction under section 80hhd was the certificate of the auditor the learned departmental representative referred .....

Dy. Cit Vs. Shree Vallabh Glass Works Ltd.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2002)76TTJ(Ahd.)652

..... suppress the mischief of withholding of payment and getting a deduction did not apply to such cases therefore the first proviso ..... to curb this practice viz not discharging their liability but claiming deduction in respect of such liability on the ground that they ..... passed by the commissioner appeals directing the assessing officer to grant deduction in respect of payment of pf etc is perfectly valid .....

Wipro Finance Ltd. Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT

Reported in: (2003)81TTJ(Bang.)887

..... interest by the revenue on the amount of tax not deducted or after deducting there is a failure to pay the tax as required ..... that undoubtedly in the instant case the assessee has failed to deduct the tax at source as required under section 194a and also ..... necessary certificate under section 197 shall be furnished and therefore the deduction under section 194a was not required could very well have been .....

Duncans Industries Ltd. Vs. Joint Commissioner of Income-tax

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2003)87ITD457(Kol.)

..... interests of revenue according to the learned counsel the view relating to the admissibility of deduction on account of cess is supported by various decisions and therefore allowance of same cannot ..... income it provides the procedure for assessment of agricultural income and also provides for certain deductions including taxes etc out of the agricultural income there is a proviso to section 8 .....

Surat District Co-operative Bank Vs. Income Tax Officer and ors.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2003)262ITR1(Ahd.)

..... for its business the income therefrom would be entitled to deduction under section 80p likewise if the society makes investment in ..... the present assessees are therefore clearly entitled to grant of such deduction in respect of their entire income derived from such investments ..... from which income is earned and the activity for which deduction is granted once this link is established the said income .....

Tolani Ltd. Vs. Dcit, Special Range 31

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2004)89ITD551(Mum.)

..... of the department allowing the tax on foreign port as deductible expenditure the bombay high court judgment is binding on the ..... basic principle underlying the section viz that it is a deduction while computing the profits of the shipping business remains the ..... the assessee that section 33ac before the amendment provided for a deduction against the total income of an assessee 10 secondly even .....

Raymond Limited Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2003)86ITD791(Mum.)

..... proceeds of the gdr issue were remitted to the assessee company by merrill lynch after deducting the amounts payable by the assessee company under the relevant agreements the question is whether ..... that the amounts paid to them selling concession commission underwriting commission and management commission or deducted by them from the sale proceeds of gdrs represented only sale discount 2 the finished .....