United States. They had to be allocated to some account, and they were allocated to " earned surplus " which was intended to designate ... case the court held that the amount which had been allocated to ' earned surplus' which was intended for the purpose of the business
three respondents-unions representing its employees. The available surplus and allocable surplus, according to this computation, were Rs. 49.96 lakhs and Rs. 29.28 lakhs, respectively
held that if the surplus is simply carried forward without the persons in requisite authority allocating it to any particular purpose as a reserve ... surplus referred to in item 5 of Schedule VI to the Companies Act, 1956 , is the surplus which remains over after allocation of reserves
Reserves and Surplus" states as follows :
"(5) Surplus, i.e., balance in profit and loss account after providing for proposed allocations, namely, dividend ... Joonus or reserves."
7. Therefore, the surplus is after providing for the proposed allocations, inter alia, for dividend according to the form
failure was to dispose of the goods and hand over the surplus, if any, of the sale proceeds to the person entitled to the same ... allocation of goods under the project.
5. The next types of goods with which we are concerned are the goods for disposal of surplus iron
wakf shall be allocated to any particular object of the wakf;
(ii) declaring in what manner any surplus income of a wakf shall be utilised
Delhi Transport Corporation vs D.T.C. Mazdoor Congress on 4 September, 1990
Equivalent citations
Accountant And Secretarial Services ... vs Union Of India & Ors on 20 July, 1988
Equivalent
Commissioner Of Income-Tax vs Calcutta Electric Supply Corporation ... on 2 March, 1981
Equivalent citations
Commissioner Of Income-Tax And Super ... vs Indian Leaf Tobacco Development Co. ... on 2 September
