Itemized Deduction - Judgment Search Results

The Maharashtra State Electricity Board Vs. Maharashtra Veej Mandal Ka ...

Court: Supreme Court of India

Reported in: AIR1999SC2319; [1999(81)FLR517]; JT1998(9)SC57; (1999)ILLJ348SC; 1998(6)SCALE557; (1999)2SCC53; [1998]Supp3SCR479; 1999(1)LC585(SC)

..... or government loans for the relevant accounting years were not items deductible under section 6 of the act however this is not ..... learned senior counsel shri dholakia ultimately did not press this item for deduction we therefore confirm the view of the high court ..... net revenue account while below that after mentioning the relevant items for deduction from the surplus figure the net profits were worked .....

P.C. Sharma and Co. Vs. D.D.a

Court: Delhi

Reported in: 70(1997)DLT702

..... of a c pipe these have been incorporated by respondents as negative items either as reduced rate items or as deduction items deduction item no 1 is for not doing brick work from outside the building ..... from inside the building was not acceptable to them similarly defects for which deductions have been made in item nos 4 7 8 9 12 13 and 16 were not pointed out .....

Swastik Household and Industrial Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1988)25ITD479(Mum.)

..... business and having regard to an approximate value of these items deductions to be made etc work out the overall value of ..... the act which if properly calculated would result in a straight deduction of the impugned amount in the peculiar circumstances of the case ..... in india it was explained that 50 000 dollars have been deducted therefrom according to the learned counsel even this is not supported .....

Commissioner of Income Tax Vs. Nirma Chemicals Works P. Ltd.

Court: Gujarat

Reported in: (2009)222CTR(Guj)593; [2009]309ITR67(Guj); [2009]182TAXMAN183(Guj)

..... panna knitting industries supra out of deduction claimed on four items under section 35b while allowing deduction on three items deduction was disallowed in relation to one item that the matter was carried in ..... appeal qua that one item only and the disallowance was .....

Kadri Mills (Cbe) Ltd. Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Chennai

..... a similar nature the items deducted at 90 per cent in this case are not items of similar nature to interest etc hence deducting 90 per cent of the above items are not proper 24 ..... the revenue authorities have committed a mistake in removing these items of income from the profits of the business while computing deduction under section 80hhc of the act hence we direct the .....

Kadri Mills (Cbe) Ltd. Vs. Joint Cit

Court: Income Tax Appellate Tribunal ITAT Chennai

Reported in: (2002)76TTJ(Chennai)38

..... a similar nature the items deducted at 90 per cent in this case are not items of similar nature to interest etc hence deducting 90 per cent of the above items are not proper on ..... the revenue authorities have committed a mistake in removing these items of income from the profits of the business while computing deduction under section 80hhc of the act hence we direct the .....

Oberteuffer Vs. Robertson

Court: US Supreme Court

..... one case the prices affixed are the prices for the goods including in fact the items deducted on the invoice and also the charge for cartons which charge was not ..... covered 500 dozen of gloves in five items the prices of which per dozen were given and amounted to 2 415 marks there was a deduction of 3 percent discount for cash .....

Cir Vs. Groetzinger

Court: US Supreme Court

..... not utilize that amount in computing his adjusted gross income or claim it as an itemized deduction footnote 4 this statutory scheme was amended by the tax equity and fiscal responsibility act ..... from nongambling sources he did not report any gambling winnings or deduct any gambling losses footnote 3 he did not itemize deductions instead he computed his tax liability from the tax tables upon .....

Knight Vs. Commissioner

Court: US Supreme Court

..... 2 floor by adding 67 to the code section 67 a provides that the miscellaneous itemized deductions for any taxable year shall be allowed only to the extent that the aggregate of ..... the internal revenue code individuals may subtract from their taxable income certain itemized deductions but only to the extent the deductions exceed 2 of adjusted gross income a trust may also claim those .....

Mangalore Metal House Vs. State of Karnataka and ors.

Court: Karnataka

Reported in: [1986]63STC482(Kar)

..... tax was 4 per cent on the sale turnover of the concerned items deduction is required to be given to the extent of the amount of ..... the amount of tax so paid shall be deducted in the sale turnover of the latest manufactured items in other words the explanation is intended to ..... turnover and nothing short the fact that deduction is given in respect of tax already paid on item of iron and steel out of which .....