Earned - Judgment Search Results

Sri Annapurna Cotton Mills Ltd. Vs. Commissioner of Income-tax, West B ...

Court: Kolkata

Reported in: [1964]54ITR592(Cal)

..... and expenditure which is not incurred solely for the purpose of earning profits or gains in the present case their lordships have ..... the appellants they were certainly not made in the process of earning their profits they were not payments to creditors for goods ..... period the loan endured the assessee secured a powerful instrument of earning profits during the period of the loan the capital structure .....

Commissioner of Income-tax, Central, CalcuttA. Vs. Standard Vacuum Oil ...

Court: Kolkata

Reported in: [1963]47ITR642(Cal)

..... century spinning manufacturing co s case to negative the contention of the assessee that the earned surplus constituted a reserve before the appellate assistant commissioner the assessee pointed out that in ..... of schedule ii and hence to be considered in computing the average capital further the earned surplus disclosed in the various accounting years should be treated as reserves within the meaning .....

Vaughan Vs. Atkinson

Court: US Supreme Court

..... harlan joins dissenting i agree with the court that whether earnings received by a disabled seaman prior to his maximum medical ..... failure to pay maintenance holding the seaman accountable for his earnings in such circumstances carries out the basic purpose of making ..... discussion that the shipowner should be permitted to offset potential earnings the seaman having failed to establish that he could not .....

T. N. K. Govindaraju Chetty and Co. (Private) Ltd. Vs. Commissioner of ...

Court: Chennai

Reported in: [1964]51ITR731(Mad)

..... party under clause 1 above the net managing agency remuneration earned by the first party shall be computed in the manner ..... in the whole or part of the managing agency remuneration earned by krishna co indeed the obligation undertaken by ramaswami naidu ..... ramaswami naidu banded themselves together for the common endeavour of earning the managing agency remuneration payable by the mills in our .....

Commissioner of Income-tax, CalcuttA. Vs. Pran Jiban JaithA.

Court: Kolkata

Reported in: [1964]52ITR108(Cal)

..... burma ports therefore there was no possibility of the assessee earning any freight brokerage a distinction must be made between cases ..... was inherent in such policies that the assessee expected to earn profit but was prevented from doing so by some overriding ..... business continues but by some overriding reason profit cannot be earned the situation in the present case is however entirely different .....

Commissioner of Income-tax, Bombay Vs. Poona Electric Supply Co. Ltd.

Court: Mumbai

Reported in: [1963]49ITR913(Bom)

..... policyholders should be deducted as expenditure incurred by the company for earning the profits within the meaning of section 10 2 xv ..... the receipts from trading and business exceed the expenditure incurred for earning those profits or for the purpose of the business that ..... apportionment or distribution of the profits after they have been earned it cannot therefore be said that the amount set apart .....

Basantlal Gupta Vs. Commissioner of Income-tax, Madras

Court: Chennai

Reported in: [1963]50ITR541(Mad)

..... department could not justifiably refuse the question however is whether in earning the share of the income from the firm the partner ..... were not borrowed in order to enable the assessee to earn the profits and that the interest deductions were not justifiable ..... appellate assistant commissioner he further stated that the petitioner could not earn the amount of share from the firm of general swadeshis .....

Thirumal and Co. Ltd. Vs. Commissioner of Income-tax

Court: Chennai

Reported in: AIR1964Mad13; [1963]48ITR745(Mad)

..... companies both falling within clause ii of the first proviso and earning the identical amount of income do not get the same rebate ..... of corporate and non corporate character was valid a tax gross earnings of operation of taxi cabs was held invalid on the ground ..... is at all any discrimination as urged by him a company earning the same profit as another company whose capital investment is very .....

P. Vs. Mohamed Ghouse V. Commissioner of Income-tax, Madras.

Court: Chennai

Reported in: [1963]49ITR127(Mad)

..... should have been incurred solely for the purpose of making or earning such income profits or gains the language of this section ..... on these debentures should not expenditure incurred for the purpose of earning the income profits and gains of the assessee the interest paid ..... the ground that the expenses were not incurred for making or earning the income there are no doubt observations in the judgment .....

Sree Meenakshi Mills Ltd. Vs. Commissioner of Income-tax, Madras.

Court: Chennai

Reported in: [1963]49ITR156(Mad)

..... they are such inevitable business expenses intimately associated with the earning of the profits that without their deduction the true profits ..... expenses sought as deduction were incurred by the assessee for earning profits from the business carried on the assessee committed an ..... that such delivery was effected only for the purpose of earning income and that the fact that it was ultimately found .....