Earned - Judgment Search Results

Nilgiri Engineering Vs. Income Tax Officer.

Court: Income Tax Appellate Tribunal ITAT Cuttack

Reported in: (1993)45TTJCtk403

..... members who are none other than unemployed graduate engineers and diploma holders the society has earned the income by taking contract works and getting it executed through engaging sub contractors and ..... assessee society and declared in the return filed cannot be deemed or considered as income earned by the members themselves through their labour and therefore cannot rank of quality for exemption .....

Nilgiri Engineering Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Cuttack

Reported in: (1992)41ITD227Ctk

..... members who are none other than unemployed graduate engineers and diploma holders the society has earned the income by taking contract works and getting it executed through engaging sub contractors and ..... assessee society and declared in the return filed cannot be deemed or considered as income earned by the members themselves through their labour and therefore cannot rank or qualify for exemption .....

Rahul Kumar Bajaj Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1992)42ITD280(Mum.)

..... no connection whether direct or indirect with the income which she earned from the fixed deposit and that she was not entitled to ..... assets the interest on money borrowed was deductible from the income earned from such assets the hon ble high court noticed that the ..... finding out indirect link between the expenditure incurred and the income earned under the head other sources 8 in view of the aforesaid .....

K.K. Khemka Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1993)44ITD278(Kol.)

..... acquiring shares in m s universal paper mills ltd particularly when no dividend has been earned by the assessee from that company according to the learned departmental representative a plain ..... s universal paper mills ltd interest cannot be allowed as deduction from the dividend income earned from other companies thus the departmental representative submits that the assessing officer and the cit .....

Bhaskar B. Patil Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (1993)44ITD65(Pune.)

..... the cases of incentive bonus commission without reducing it by the expenditure incurred for earning it because as stated in the memorandum explaining the provisions of the finance bill ..... simplify the assessment procedure of salaried taxpayers accordingly the expenditure incurred by the assessee for earning the incentive bonus commission should be reduced from the bonus commission at the starting .....

income-tax Officer Vs. H.C. Shah

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1992)43ITD680(Ahd.)

..... that the ito wanted to distinguish the receipt of income from earning of income but if the decision in the case of indira ..... interest of the various owners of the business the profits were earned on behalf of the persons who had a common interest created by ..... the learned counsel has emphasised the distinction between saving tax and earning the income and according to him it was the latter which was .....

income-tax Officer and ors. Vs. H. C. Shah and ors.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1993)45TTJ(Ahd.)690

..... interest of the various owners of the business the profits were earned on behalf of the persons who had a common interest created ..... if emphasis was placed merely on the lack of volition for earning the income at the time of coming into existence by the ..... the learned counsel has emphasised the distinction between saving tax and earning the income and according to him it was the latter which was .....

Allied-signal, Inc. Vs. Director, Div. of Taxation

Court: US Supreme Court

..... the burden of taxation was faced with the impossibility of allocating specifically the profits earned by the processes conducted within its borders it therefore adopted a method of apportionment ..... states in the company s apportionable state tax base new mexico sought to include earnings from four subsidiaries operating in foreign countries the subsidiaries also engaged in chainstore retailing .....

Commissioner of Income-tax Vs. United Collieries Ltd.

Court: Kolkata

Reported in: [1993]203ITR857(Cal)

..... under reference the income tax officer computed proportionate expenses for earning such dividend at rs 8 099 and rs 15 250 ..... dividend instead of deducting the allocation of expenses incurred in earning the dividend income thus the tribunal dismissed both the appeals ..... officer in his assessment has estimated the proportionate expenses in earning the dividend no fresh investment has been made during the .....

K. K. Khemka Vs. Assistant Commissioner of Income Tax.

Court: Kolkata

Reported in: (1993)46TTJ(Cal)347

..... acquiring shares in m s universal paper mills ltd particularly when no dividend has been earned be the assessee from that company according the learned departmental representative a plain reading ..... s universal paper mills ltd interest cannot be allowed as deduction from the dividend income earned from other companies thus the departmental representative submits that the assessing officer and the cit .....