Deduction - Judgment Search Results

Pharmson Pharmaceuticals Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2003)87ITD668(Ahd.)

..... profession the expenditure incurred for scientific research becomes a permissible deduction deduction by way of depreciation is permitted as the capital asset ..... 1922 2 scale when it says that the two deductions i e deductions under sections 32 and 35 are at p 59 ..... because the entire cost thereof has been allowed as a deduction the learned departmental representative also distinguished the cases relied .....

Deputy Commissioner of Income Tax Vs. Govind Rubber (P) Ltd.

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2004)89ITD457(Mum.)

..... ii of the said explanation should be allowed as deduction computing the deduction however in the manner specified under section 80hhc 3 ..... determining the basic eligibility as well as the quantum of deduction under section 80hhc for the purpose of computation under ..... assessing authority rejected the said computation and worked out the deduction by applying the following formula export turnover x profit .....

income Tax Officer Vs. Anil H. Rastogi

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2003)86ITD193(Mum.)

..... regard to the nature of the debt allowable as a deduction the deduction under section 36 1 vii is permissible only in regard ..... to the assessee it had become irrecoverable and hence the deduction be allowed 4 on due consideration of the rival contentions ..... according to the assessee it had become irrecoverable and hence the deduction be allowed on due consideration of the rival contentions and .....

itc Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2003)86ITD135(Kol.)

..... account of personnel advertisement sales promotion travelling rent power and fuel etc and is fully deductible as deduction under section 37 1 of the act he further argued that though the hotel ..... expenditure having undisputedly been incurred during this year the same are to be allowed as deductions the authorised representative has also argued that similar issue came up for consideration before the .....

Rakshak Chemicals Pvt. Ltd. and Vs. the Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2005)98TTJ(Ahd.)357

..... considering the above submission of the assessees though holding the liability of the assessees to deduct taxes at source the assessees preferred appeals to the tribunal against the aforesaid order ..... and submitted that the assessees have provided interest in their hooks of accounts and claimed deduction and therefore the provision of section 194a read with explanation there under clearly apply which .....

Jcit Vs. Saraswati Real Estates and

Court: Income Tax Appellate Tribunal ITAT Delhi

..... has no control over the payment of tax deducted the person deducting the tax is deducting the tax on behalf of government and therefore ..... amount of interest the payer while making the payment of interest deducted tds as contemplated by section 194 of the income tax ..... to the assessee from whose payment tax has been deducted at source but after deduction the payment has not been deposited with the .....

Punjab Tractors Ltd. Vs. Dy Cit

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2004)89TTJ(Chd.)439

..... taking the view that interest income would not constitute business profit eligible for computing deduction under section 80hhc thejudicial propriety demands that we must follow the orders of ..... sources the learned departmental representative submitted that proportionate management expenses were required to be deducted from the gross dividend income she relied on the judgment of the supreme court .....

interlink Petroleum Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2004)83TTJ(Ahd.)274

..... depreciation allowance and development rebate in respect of machinery employed in extracting limestone were deductible in computing the trading profits of the assessee for the asst yrs 1960 61 ..... hereinbefore which mainly relate to dedutcibility of various expenditure either as business expenditure or as deduction allowable under section 57 iii of the act the allowability of all such expenditure .....

Tata Engineering and Locomotive Vs. Dcit, Spl Range-2

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)92ITD111(Mum.)

..... the tax credit being given to the person from whose income deduction is made is thus dependent on the production of certificate ..... section 203 are concerned it is made obligatory for every person deducting tax in accordance with the provisions of inter alia section 195 ..... the tax credit being given to the person from whose income deduction is made is entirely dependent on the production of certificate .....

Oman International Bank Saog Vs. Dy. Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)92ITD76(Mum.)

..... be quantified after computing the taxable business income of the assessee though before making any deduction under section 36 1 viia b itself this process of determining the taxable business profits ..... departmental representative this incongruity will end up in a situation that the assessee will get deduction for more than actual bad debts something which is clearly contrary to the scheme of .....