Capital Contribution - Judgment Search Results

Mannalal Nirmal Kumar Soorana Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (1982)1ITD412(JP.)

..... benefit of development rebate but which were subsequently handed over by them by way of capital contribution to firms in which they became partners the question involved was whether this resulted in ..... for a partner to transfer property belonging to him to the partnership by way of capital contribution he also relied on the line of reasoning fallowed by their lordships of the gujarat .....

In Re: Advance Ruling P. No. 10 of

Court: Authority for Advance Rulings

Reported in: (1997)224ITR473AAR

..... general operating expenses shall be allocated among the investors in proportion to their capital contributions 6 06 special allocation among late entering contributors of organisation and operating expenses ..... overcome by procedures respectively calling for interest and the writing down of their capital contributions in essence the distribution rule is that distribution should be in the proportion .....

Hansalaya Properties Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1983)4ITD475(Delhi)

..... 1970 71 during his lifetime he never thought of changing that value and increase his capital contribution accordingly the same position continued till the year 1978 our attention was invited to some ..... and the buyers 2 the learned counsel then submitted that what amount was accepted as capital contribution depended on the intention and conduct of the parties to the agreement as spelt out .....

Rajesh Corpn. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (1988)25ITD420(JP.)

..... partners had intended that all of them would contribute capital they would have provided for it in the capital contribution clause stating that each partner shall contribute capital in their respective profit sharing ratios or ..... cent and the sister had been allowed a share of 25 per cent without any capital contribution in the form of skill and business activities whatsoever in view of these facts .....

Jayalakshmi Estates Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (1994)51ITD417(Hyd.)

..... of this case three had brought their interest in the land apart from capital contributions others had brought in the capital contributions and all of them employed their assets in a joint enterprise to ..... common property along with them the objection that there is no relationship whatsoever between the capital contribution made by different co owners at different points of time to the original cost of .....

Rahul Kumar Bajaj Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Nagpur

Reported in: (1998)64ITD73(Nag.)

..... all those decisions was that there was transfer of capital asset as capital contribution to the firm by the assessee and there ..... when an assessee brought his individual assets as his capital contribution to the partnership firm had already been decided and ..... trade and then transferring them to the partnership firm as capital contribution according to the learned counsel this exercise was attempted .....

Bhagyoday Investments (P) Ltd. Vs. Asstt. Cgt

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Reported in: (2004)90ITD57(Chd.)

..... profit sharing ratio among the partners has not been linked with their capital contribution even though in some cases capital contributed was much higher share of profit allocated to them was comparatively lower ..... firm are more than the assets of the firm the admission of new partner with capital contributions resulting in reduction in profit sharing ratio of the existing partners would not amount .....

Bhuvaneswari Hotels (P) Ltd., Vs. the Gift Tax Officer

Court: Income Tax Appellate Tribunal ITAT

Reported in: (2007)105ITD261(Bang.)

..... within a short time the partners floated another partnership and those machineries were brought as capital contribution at value which was three times the written down value the newly floated firm sold ..... the record shows that there was no real need for the partnership firm for such capital contribution from the assessee all these and other pertinent considerations may he taken into regard when .....

Cir Vs. Fink

Court: US Supreme Court

..... fay goffe and wiles jj joined dissenting see also bolding non pro rata stock surrenders capital contribution capital loss or ordinary loss 32 tax law 275 1979 note supra whether it makes ..... sustain an immediate loss deductible for income tax purposes rather the rule applicable to contributions to capital applies so that the surrendering shareholder must reallocate his basis in the surrendered shares .....

Commissioner of Income-tax, Gujarat-i Vs. Kartikey V. Sarabhai

Court: Gujarat

Reported in: (1981)24CTR(Guj)184; [1981]131ITR42(Guj)

..... as under the assessee brought 580 ordinary shares of ahmedabad as capital contribution in the registered firm of m s rajka in which the ..... also brought 82 ordinary shares if karamchand premchand pvt ltd as capital contribution in the said firm on the same day the said firm ..... in respect of any asset brought in by any partner as capital contribution the account of such partner shall be credited with the .....