above statutory powers, UGC has
issued the notification for holding NET on 24-6-2012.
31. UGC as an expert body has been entrusted with ... Government wanted UGC to do was to "generally"
prescribe NET as a qualification. But this did not mean
that UGC had to prescribe
provisions of the Electricity (Supply) Act, 1948 , that these were compulsory transfers required to be made under the provisions of the said Act, that ... Schedule and as such these amounts should be excluded while computing the net profits of the assessees under section
been paid,
(ii) the amount of compulsory deposit, if any, claimed to have been made under the Compulsory Deposit Scheme (Income-tax Payers ... case may be, gross receipts, gross profit, expenses and net profit of the business or profession and the basis on which such amounts have been
special needs of a particular purchaser ; (ii) capitalization of the net annual profit out of the property at a rate equal in normal cases ... securities. Ordinarily value of the property may be determined by capitalizing the net annual value obtainable in the market at the date of the notice
from 15 paise to 5 paise in respect of tickets if the net payment for admission together with entertainments tax and the surcharge does ... from 15 paise to 10 paise in respect of tickets if the net payment for admission together with entertainments tax and the surcharge exceeds
Tata Steel Limited & Anr vs The State Of West Bengal & Ors on 24
compulsory deductions like G.P.F., Insurance and Advance Income Tax, etc., he gets about Rs. 13,000/- per month as net salary. Revisionist adopted
Ntpc Limited & Another vs State Of U.P. & Others on 11 November, 2011
compulsory assessment as in the sales tax regime. The correctness of self assessment is subject to check through the departmental audit. Therefore, the net effect
termination simpliciter". Termination from service could be by way of compulsory retirement, voluntary retirement, resignation and superannuation.
27. "Salary" as defined ... employment. Such payments, in order to bring them within the tax net, have been given the character of "profits in lieu of salary
