Shyamwati Sharma v. Karam Singh

MS RATAN MANDIR vs. DEPUTY COMMISSIONER OF INCOME TAX

The Appeals stand disposed of along with the pending Application(s),

Bench: MANINDRA MOHAN SHRIVASTAVA,PRAVEER BHATNAGAR

…his monthly income by way of contribution to the family. However, the allowances which were for personal benefit were liable to be deducted. 15. This aspect was further explained by the Supreme Court in the case of Shyamwati Sharma v. Karam Singh, (2010) 12 SCC 378. It was observed that while ascertaining the net monthly income of the deceased, any deductions shown in the Salary Certificate as deductions towards GPF, Life Insurance premium, repayments of loans, etc. should not be excluded from the income. The deduction towards Income Tax/Surcharge alone should be DigitallySigned By:VIKAS ARORA Signing D…

The Commissioner of Income Tax vs. The NVR Co.operative Sugars Ltd

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

…rom the above table, it is clear that except an amount of Rs.2500 towards income tax, rest of the amounts were voluntarily contributed by the deceased for the welfare of his family. Considering the decision of this Court in Shyamwati Sharma (2010) 12 SCC 378, in our opinion, except contribution towards income fax, the other voluntary contributions made by the deceased, which are in the nature of savings, cannot be deducted from the monthly salary of the deceased to decide his net salary or take- home salary. Hence, the take-home salary of the deceased comes to Rs 24,450 which can be roun…

The Commissioner of Income Tax-III, vs. M/S Resource Technologies Pvt. Ltd.

Bench: RAMESH RANGANATHAN,M.SATYANARAYANA MURTHY

…1-fa282-06 vai IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION FIRST APPEAL NO.282 OF 2006 The New India Assurance Company Limited, Mata Building, Near Civil Hospital, Opposite Ambedkar Road, Sangli ...Appellant ...(Ori.Opponent No.2) ….Versus…. 1. Dr.Shridhar Shripad Karandikar, Age 60 years, Occupation – Service. 2. Smt.Manjiri Shridhar Karandikar, Age 54 years, Occupation – Household work, Both residents of 437, Behind Maruti Mandir, Gaonbhag, Sangli. 3. Mahadeo D. Dabade, Age – Major, Occupation – Business, Resident of Priya Complex, 3rd Floor, Room N…

Late Smt. Hoorjahan Begum vs. Tghe Income Tax Officer

Appeal stands disposed off

Bench: RAMESH RANGANATHAN,S.RAVI KUMAR

…tunately, he died in a road accident, which is a great loss to our company and till now we are not able to get the substitute.” 16. Applying the principles laid down by the Apex Court in the matter of Shyamwati Sharma v. Karam Singh, reported as (2010) 12 SCC 378 and Manasvi Jain v. DTC Ltd., reported as (2014) 13 SCC 22, wherein it was categorically held that except contribution towards income tax, the other voluntary contributions made by the deceased, which are in the nature of savings, cannot be deducted from the monthly salary of the deceased to decide his net salary or take-home salary. 17. W…

The Commissioner of Income Tax-I, vs. Prasad Film Laboratories Limited,

…(1) First Appeal No. 275/2012 & ors. IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD FIRST APPEAL NO.275 OF 2012 1. Sagar Ramesh Barhate Age : 13 years, occu.: education Through next friend maternal Uncle Neelkantha Digambar Choudhari Age : 52 years, occu.: service R/o Plot No.163, Ganesh Colony, Jalgaon. 2. Jaubai Kautik Barhate Age : 67 years, occu.: household R/o Mahajan Wada, Khalchi Ali, At Post Nashirabad, Taluka and District Jalgaon. Appellants. Versus 1. M/s S.P. Golden Transport Co. Prop. Gokulsingh Gugalsingh…