Standard Deduction - Judgment Search Results

Shea Vs. Vialpando

Court: US Supreme Court

..... 953 1971 appeal dismissed 406 u s 913 1972 california work expense regulation providing for standard deductions ranging from 6 to 25 per month in x v mccorkle 333 f supp 1109 ..... related expenses and hence a fixed work expense allowance that does not permit deductions for expenses exceeding that standard directly contravenes the language of the statute p 416 u s 260 b .....

Commissioner of Income-tax, Gujarat-i Vs. Mafatlal Chandulal and Co. L ...

Court: Gujarat

Reported in: [1977]107ITR489(Guj)

..... for the previous year or previous years as exceed the standard deduction thus the revenue is interested in seeing hat the amount ..... and in the charging section the computation of abatement or standard deduction plays a very material part and therefore the whole concept ..... which also should be taken into account while determining the standard deduction it was held that when an amount is set apart .....

income-tax Officer Vs. Lt. Col. G.R. Chopra

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1985)11ITD662(Delhi)

..... difference of opinion between various benches of the tribunal on the question as to whether standard deduction under section 16 i is permissible against the pension amount received by a central government ..... derived from such employment no actual expenditure is required to be incurred for claiming the standard deduction under section 16 i even otherwise expenditure has to be incurred by a pensioner to .....

M/S.Navayuga Engineering Co. L Vs. The Assistant Commissioner(Ct), Ltu ...

Court: Andhra Pradesh

..... a dealer the turnover has to be determined after reducing the standard deduction prescribed for different types of contracts under rule 6 3 ..... after allowing the deductions prescribed under rule 17 1 e of the rules and to levy tax at the standard rate of 12 ..... of india shall be deemed to be the accounting standards until accounting standards are prescribed by the central government under section 211 .....

Commissioner of Income-tax, Delhi (Central) Vs. Orissa Cement Ltd.

Court: Delhi

Reported in: [1980]124ITR251(Delhi); [1981]6TAXMAN387(Delhi)

..... super profits represented the excess of its chargeable profits of a previous year over the standard deduction which represented an amount equal to 6 of the capital of the company as computed ..... an annual basis the purpose of ascertaining the capital is to work out the standard or statutory deduction available to an assessed by reference to the capital and reserves employed by the .....

Dr. B.D. Panda Vs. Joint Cit

Court: Income Tax Appellate Tribunal ITAT Cuttack

Reported in: (2004)90TTJCtk593

..... under section 263 according to learned departmental representative allowing assessee s claim for standard deduction without recording any finding on employer and employee relationship resulted in assessing ..... sufficient force in the argument of learned senior departmental representative that while allowing standard deduction the assessing officer has not applied his mind nor given any justification .....

V.H. Jajoo Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (1998)67ITD619(Nag.)

..... the orissa high court once the income is held to be salary income no deduction other than standard deduction would be admissible suffice it to say this decision of the orissa high court ..... therefore no additional conveyance allowance is permissible 18 the conveyance allowance in addition to the standard deduction in terms of provisions of section 16 has not been disputed by the department hence .....

K. Gangadhar Ramareddy Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1996)59ITD282(Hyd.)

..... that the incentive bonus is part of salary and assessee is entitled for no other deduction except standard deduction there is no contrary decisions by any other high courts on the issue in ..... clear as stated earlier the salaried employee for the years under appeal is entitled for deduction of standard deduction only this position of the law has been upheld by the andhra pradesh high .....

income-tax Officer Vs. Shrenikbhai Kasturbhai

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1983)5ITD242(Ahd.)

..... the ground that salaries from all the employments had to be aggregated for working out standard deduction as the word employment used in section 16 i referred to the assessee being employed ..... for an assessee having more than one employment in the same accounting year and his standard deduction being restricted only to one employment here further in my view the principle of interpretation .....

Commissioner of Wealth-tax and ors. Vs. S. Ram and ors.

Court: Chennai

Reported in: (1983)37CTR(Mad)158; [1984]147ITR278(Mad)

..... a company s income over a minimum standard the standard which is called a standard deduction or a statutory deduction is arrived at by applying a ..... as possible so that it might thereby obtain a very high standard deduction and in consequence a pro tanto lower surtax profit the ..... the current profits will have to be excluded as a standard deduction at a certain percentage of the capital of the company .....