Earned - Year 1984 - Judgments

Dec 12 1984 (TRI)

Second Income-tax Officer Vs. K.M.D. Thackersey (Huf)

Court: Income Tax Appellate Tribunal ITAT Mumbai

Decided on: Dec-12-1984

Reported in: (1985)12ITD598(Mum.)

..... for other reasons and held that the assessee was enabled to earn income from the already existing investments by not immediately liquidating ..... relevant previous years the interest was not expenditure incurred for earning dividend from it that it was not deductible and that ..... connection whether direct or indirect with the income which she earned from the fixed deposit and that she was not entitled .....

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Jul 18 1984 (TRI)

income-tax Officer Vs. United Liner Agencies of India

Court: Income Tax Appellate Tribunal ITAT Kolkata

Decided on: Jul-18-1984

Reported in: (1984)10ITD919(Kol.)

..... deposits with the banks so that some bank interest could be earned and the assessee has been absorbing these interest amounts in its ..... the borrowed amount should be allowed as deduction from the interest earned from short term deposits it was held in that case ..... the deposits were made by the assessee from which interest is earned from the several correspondences made between the assessee and the non .....

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Nov 09 1984 (HC)

Escorts Ltd. and Another Vs. Union of India and Others

Court: Mumbai

Decided on: Nov-09-1984

Reported in: [1985]57CompCas241(Bom)

..... should therefore be avoided laws relating economic matters and policies governing financial matters and especially earning of foreign exchange should be viewed with greater latitude than laws concerning civil rights ..... issues of such new companies with benefits of repatriation of capital invested and income earned thereon provided the invest company is engaged in an industry which is not included .....

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Sep 08 1984 (TRI)

B. Ananthakrishnan Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Cochin

Decided on: Sep-08-1984

Reported in: (1984)10ITD748(Coch.)

..... hasspecifically excluded from taxation the amount received by encashment of earned leave at the time of retirement of an employee of ..... exemption was contemp lated with regard to the encashment of earned leave while continuing in service this contention was alsorejected by ..... the fact that section 10 10aa specifically exempted encashment of earned leave at the time of retirement does not necessarily mean .....

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Mar 08 1984 (TRI)

income-tax Officer Vs. A.P. State Financial Corpn.

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Decided on: Mar-08-1984

Reported in: (1984)8ITD473(Hyd.)

..... is in appeal and the learned departmental representative submitted that whatever expenditure was incurred for earning dividends had to be excluded in terms of section 80aa before granting relief under section ..... decision in cotton fabrics ltd s case supra that the entire expenditure was incurred for earning business income alone he relied on the relevant provisions of the state financial corporation .....

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Nov 30 1984 (TRI)

indo Asian Switchgears (P.) Ltd. Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Nov-30-1984

Reported in: (1985)12ITD65(Delhi)

..... plan the government came to the view that expansion of export earnings was as crucial for financing the plan as the mobilisation ..... of domestic resources it decided to expand the export earnings at a high rate for this purpose it was necessary to ..... running the assessee s business as an indivisible whole and the earnings from all these activities result in revenue receipts 41 as regards .....

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Mar 31 1984 (HC)

inspecting Assistant Commissioner Vs. Chandpur Sugar Co.

Court: Mumbai

Decided on: Mar-31-1984

Reported in: [1986]17ITD795(Mum)

..... expended wholly or exclusively for the purposes of making or earning such interest income was allowable as deduction against the interest ..... loans from financial institutions had been obtained and interest was earned on the shares subscription money 4 the department is in ..... 10 thus the high courts are unanimous that the interest earned on surplus money created an independent source and was assessable .....

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Mar 24 1984 (TRI)

Royal Interocean Lines Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Decided on: Mar-24-1984

Reported in: (1984)9ITD197(Mum.)

..... for 51 days during the course of this voyage the freight earnings amounted to 490 481 guilders the total operating expenditure amounted ..... to 499 465 guilders the freight earned by this ship from indian ports amounted to 133 622 ..... voyage is taken separately and the fraction referable to the indian earnings is determined as in this case the tribunal had found .....

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Apr 25 1984 (TRI)

Samaj Kalyan Parishad Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Apr-25-1984

Reported in: (1984)9ITD799(Delhi)

..... cloth and incurring tailoring charges and other overheads the net profit earned was roughly 19 per cent of the total receipts thus ..... the primary purpose of the trust the assessee parishad was earning insurance commission as an insurance agent on the insurance policies ..... activity must be to subserve the charitable purpose and not to earn profit and that the charitable purpose should not be submerged .....

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Jul 28 1984 (TRI)

income-tax Officer Vs. S.A. Hareford

Court: Income Tax Appellate Tribunal ITAT Delhi

Decided on: Jul-28-1984

Reported in: (1985)11ITD569(Delhi)

..... representative has in view of this provision strongly contended that salary earned in india means payment received or receivable by a person ..... to therefore if the legislature wanted to indicate that the word earned in the context of salaries was to have the narrower ..... phraseology inclause hi as compared with clause ii the words earned in india occurring inclause ii must be interpreted as arising .....

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