Earned - Judgment Search Results

Maharashtra State Government Vs. Ito Ward 29(4)

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)4SOT795(Mum.)

..... members who have deposited the money those who have withdrawn money preliminary expenses incurred interest earned etc thus the state government is seized with all material and is closely monitoring all ..... agreement with learned departmental representative that such payment of interest is not an expenditure to earn bank interest hence it could not be allowed as a deduction but question of deduction .....

Maharashtra State Government Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)98TTJ(Mum.)993

..... a large number of maharashtra state government employees which were invested in banks etc for earning interest under the circumstances it is clear that the decisions relied upon by the appellants ..... members who have deposited the money those who have withdrawn money preliminary expenses incurred interest earned etc thus the state government is seized with all material and is closely monitoring all .....

East West Hotels Ltd. Vs. Asstt. Cit

Court: Income Tax Appellate Tribunal ITAT

..... capital expenditure laid out or expended wholly and exclusively for the purpose of making or earning such income as rightly pointed out by learned departmental representative the expression for the purpose ..... income thus there is some connection direct or indirect between the expenditure incurred and income earned and hence the expenditure are to be allowed the expenses incurred are legitimate and .....

Secunderabad Club Vs. the Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Reported in: (2006)100TTJ(Hyd.)236

..... being included as assessable income is only in relation to interest earned from corporate members and not from any third parties who ..... fateh maidan club in depositing the moneys with the bank and earning interest cannot be said to have carried on any commercial ..... activity the tribunal therein ultimately held that the interest earned was not taxable on principle of mutuality in that case .....

Deputy Commissioner of Vs. Paramount Trading Corpn.

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2006)98ITD77(Delhi)

..... to each other and the expenses have been incurred to earn a particular income only then those expenses are to be ..... chemicals amp fertilizers ltd supra held as under however while interest earned by investing borrowed capital in short term deposits is an ..... borrowed is utilised for the purpose of business irrespective of any earning the supreme court was concerned with the deduction under section .....

Essar Steel Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2005)97TTJ(Ahd.)985

..... 67 after taking into consideration various details and submissions cit observed that assessee had earned profits on cancellation of forward exchange contract in the printed balance sheet these have ..... president on this issue for following reasons a the accounts reveal that assessee has earned profit on cancellation of forward exchange contracts which is evident from printed balance sheet .....

D.C.i.T. (Asstt.), Spl. Range Vs. Paramount Trading Corpn.

Court: Income Tax Appellate Tribunal ITAT Delhi

..... to each ether and the expenses have been incurred to earn a particular income only then those expenses are to be ..... chemicals amp fertilizers ltd supra held as under however while interest earned by investing borrowed capital in short term deposits is an ..... borrowed is utilised for the purpose of business irrespective of any earning the supreme court was concerned with the deduction under section .....

Essar Steel Ltd. Vs. Deputy Cit

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2005)97ITD125(Ahd.)

..... transaction after taking into consideration various details and submissions cit observed that assessee had earned profits on cancellation of forward exchange contract in the printed balance sheet these have ..... president on this issue for following reasons a the accounts reveal that assessee has earned profit on cancellation of forward exchange contracts which is evident from printed balance sheet .....

Wallfort Shares and Stock Brokers Vs. Income-tax Officer [Alongwith

Court: Income Tax Appellate Tribunal ITAT Mumbai

..... and indefinite import connoted something which occupied the attention and labour of a person for earning profit profit motive was the crucial test for determining whether it was a business activity ..... assessable as business income and loss is in the nature of expenditure incurred exclusively for earning dividend income conversely if the dividend income is taken as income from other sources the .....

Wipro Ltd. Vs. Dy. Cit

Court: Income Tax Appellate Tribunal ITAT

Reported in: (2006)5SOT805(Bang.)

..... industrial undertaking mainly for the purpose of exporting sea food in that business assessee has earned import entitlements under scheme approved by the government of india the scheme was not ..... submitted that the software product development is part of software business and royalty has been earned by licensing the product developed the definition of computer software as explained under section 10a .....