Accounting Year - Judgment Search Results
Home > Cases Phrase: accounting year Year: 1978 Page 1 of about 872 results (0.475 seconds)Soorajmull Nagarmull Vs. Asiatic Trading Co. and ors.
Court : Kolkata
Decided on : Jan-20-1978
Reported in : AIR1978Cal239,82CWN288
..... death or retirement of any partner the partnership would continue upto the end of the accounting year the legal representatives of the deceased partner by mutual consent of surviving partners could be ..... the partnership the partnership would be deemed to exist upto the end of the accounting period of the year ending with ramnavami during which the death or retirement occurred on the basis .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax (Central) Vs. Soorajmull Nagarmull
Court : Kolkata
Decided on : Mar-10-1978
Reported in : [1981]130ITR917(Cal)
..... s soorajmull nagarmull which is a firm 2 during the relevant accounting year the assessee firm inter alia was the managing agent of two ..... 1 the present reference relates to the assessment year 1949 50 for which the relevant accounting year is r n 2005 the assessee is m ..... interest credited was kept separately the total debit in the interest account would have exceeded by that amount and would show that .....
Tag this Judgment! Ask ChatGPTThe Punjab National Bank Ltd. Vs. Panchsheela Industrial Co-operative ...
Court : Delhi
Decided on : Oct-10-1978
Reported in : ILR1979Delhi300
..... circumstances according to ordinary common sense principles during 320 the relevant accounting year the assessed firm s business had entirely closed and it ..... time can be seen from the copy of the overdraft account of course the principal remained rs 12 lakhs regarding interest ..... by the bank the society must have received statements of account from the bank at regular intervals it never raised any .....
Tag this Judgment! Ask ChatGPTIndia Motor Parts and Accessories Ltd. Vs. Commissioner of Income-tax
Court : Chennai
Decided on : Apr-04-1978
Reported in : [1981]130ITR311(Mad)
..... in the general body meeting which was held long after the accounting years reliance was placed on the decision in cit v security printers ..... liability as on the relevant date namely first day of the year of account it has been so held by the supreme court in kesoram ..... upon in this case to consider whether payment out during the year of account will deprive the right of an assessee to claim the benefit .....
Tag this Judgment! Ask ChatGPTPioneer Shipping Co. Ltd. Vs. Commissioner of Income-tax
Court : Kolkata
Decided on : Aug-09-1978
Reported in : [1980]125ITR765(Cal)
..... assessee without ascertaining the amount of commercial profits made by the assessee for the relevant accounting year 17 the assessee is a shipping company to which section 104 of the act applies ..... the annual general meeting which was held after 18 months of the closing of the accounting year 20 relying on the aforesaid facts and the circumstances the assessee argued before the tribunal .....
Tag this Judgment! Ask ChatGPTStewarts and Lloyds of India Ltd. Vs. Commissioner of Income-tax
Court : Kolkata
Decided on : Nov-23-1978
Reported in : [1980]125ITR270(Cal)
..... products in open market there was absolutely no necessity of incurring these expenses in the accounting year when the wheat had been supplied to the mills exclusively by the government and wheat ..... members club before the ito the balance sheets and profit and loss accounts of the assessee for the relevant accounting years were produced after perusing those records the ito came to the conclusion .....
Tag this Judgment! Ask ChatGPTRameshwarlal Lohariwalla Vs. Commissioner of Income-tax
Court : Kolkata
Decided on : Feb-15-1978
Reported in : [1980]126ITR209(Cal)
..... interest and the share of profit and opening balance brought forward from the last diwali accounting year a sum of rupees sixty thousand rs 60 000 only in cash shall be debited ..... dated 6th of november 1949 6 that in the event of the trading in any accounting year resulting in losses after meeting the usual expenses for running the business the allocation to .....
Tag this Judgment! Ask ChatGPTDuncan Brothers and Co. Ltd. Vs. Commissioner of Income-tax, Central
Court : Kolkata
Decided on : Aug-04-1978
Reported in : [1981]128ITR302(Cal)
..... may arise in respect of policies which extend beyond the relevant accounting year the amount standing to the credit of this account can be regarded as a fund in view of this position ..... this topic should be approached with some caution and flexibility since considerable controversy exists amongst accountants both as to the form which such statements should take and the precise definition of .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Lalit Trading Corporation
Court : Kolkata
Decided on : Mar-08-1978
Reported in : [1980]125ITR586(Cal)
..... under section 26a of the indian i t act 1922 for the assessment year 1959 60 during the accounting year which was 26th july 1957 to 30th june 1958 according to the ito ..... bank dated 29th november 1963 scrutiny of the bank account showed that during the entire accounting year there were six transactions only in this bank account of these five transactions were small and negligible .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Smt. Shanti Devi Jalan
Court : Kolkata
Decided on : Nov-10-1978
Reported in : [1983]139ITR152(Cal)
..... to the firm in respect of their drawings in the relevant accounting year the assessee paid interest on their withdrawals from the firm the ..... nagarmull there was a debit balance this debit balance was on account of drawings for personal expenses of the assessee and also dueto ..... paid on the portion of the debit balance in the capital account of the assessee maintained in the books of the firm of .....
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