deposit in the Compulsory Deposit Scheme was not an annuity. The Tribunal held that the repayment under the Compulsory Deposit Scheme was a variable amount ... whether the deposit in the Compulsory Deposit Scheme account even if it is to be included in the net wealth of the assessee
month.
Ld.Counsel for the appellant has claimed that after
compulsory deductions, his net salary is Rs.60,000/ per
month only. This fact ... perusal of his salary
slip which reveals that he apart from compulsory
provident fund deduction, is making voluntary
deduction towards "provident fund
Explanation. Similarly,
compulsory sales under Control orders had also been
brought within the tax-net.
It is true that in the Explanation 2 to
section
net agricultural income, if any, of that period, as estimated by him. Explanation.- In this sub- section,, net agricultural income" means the net agricultural income ... assessment, as increased by the net agricultural income, if any, determined on assessment. Explanation.- In this sub- section," net agricultural income" has the meaning assigned
paragraph 43 of the same judgment held
that compensatory tax is a compulsory contribution levied broadly in proportion
to the special benefits derived to defray ... advantage to trade, commerce and intercourse
and it may incidentally bring in net revenue to the Government but that
circumstance is not an essential ingredient
their marks-sheet through inter-net
from the site of the respondent- Commission. It was noticed that
in the compulsory subject of Hindi, the Commission
ensure their viability. These include compulsory registration of the NBFCs with Reserve Bank of India (RB), stipulation of minimum net owned funds requirement, creation
vast extent of agricultural lands
comprised in the estate and the net income from the same ever
since the vendor took up management ... compulsory deposits, etc., payable on the various
assessments could not be paid and discharged as and where
demanded for want of requisite net income from
Maharao Sahib Shri Bhim Singhji vs Union Of India on 13 November, 1980
Bench: P
professional tax, income tax, surcharge and compulsory deposit. Thus, according to the present respondent, he received a net sum of Rs. 1797/- per month
