Float - Year 1965 - Judgments

Jan 11 1965 (HC)

S.F. Engineer and ors. (a Firm) Vs. Commissioner of Income-tax, Bombay ...

Court: Mumbai

Decided on: Jan-11-1965

Reported in: (1965)67BOMLR394; [1965]57ITR455(Bom)

..... what the owner turns to profit by keeping it in his own possession circulating or floating capital is what he makes profit by parting with it or letting it change masters ..... enduring benefit was obtained and the expenditure incurred was a part of the circulating or floating capital of the assessee 19 in our opinion therefore the expenditure incurred by the assessee .....

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Aug 06 1965 (HC)

Roopchand Chabildass and Sons and Others Vs. Commissioner of Income-ta ...

Court: Chennai

Decided on: Aug-06-1965

Reported in: [1967]63ITR166(Mad)

..... business together with the building machinery and plant including the goodwill to a limited company floated by the partners themselves called the south india flour mills ltd for a consideration of ..... of the shares allotted to them by the south india flour mills ltd a company floated by themselves in effect they advanced moneys to themselves from the borrowed capital of the .....

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Sep 22 1965 (HC)

Commissioner of Income-tax, Gujarat Vs. B.M. Kharwar

Court: Gujarat

Decided on: Sep-22-1965

Reported in: [1966]60ITR370(Guj)

..... were not willing to carry on the business with unlimited liability and therefore decided to float a limited company which would take over the business of the firm on april 8 ..... were that the assessee was carrying on the business of publication of some newspaper he floated a private limited company for the purpose of carrying on that business and sold to .....

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Apr 23 1965 (HC)

Kotah Transport Ltd. Vs. State of Rajasthan

Court: Rajasthan

Decided on: Apr-23-1965

Reported in: [1967]37CompCas288(Raj)

..... ten years in pursuance of the terms and conditions of the said document the grantee floated a joint stock company with a capital of rupees ten lakhs that company was named .....

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Apr 23 1965 (HC)

Shaligram Hiralal Chandak Vs. Govindrao Ratanlal

Court: Mumbai

Decided on: Apr-23-1965

Reported in: (1965)67BOMLR702; 1966MhLJ67

..... information will be supplied as to what are his affairs how many bogus companies he floated how many societies he mismanaged and how many hindu girls he has seduced into his .....

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Mar 12 1965 (HC)

Loon Karan Sohan Lal Vs. Firm John and Co. and ors.

Court: Allahabad

Decided on: Mar-12-1965

Reported in: AIR1967All308

..... price then clause 13 of the agreement provided that sethiya and company would have a floating charge and a prior charge for all monies due to them for the time being .....

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Dec 10 1965 (SC)

Commissioner of Income-tax, Madras Vs. P.K.N. Co. Ltd.

Court: Supreme Court of India

Decided on: Dec-10-1965

Reported in: AIR1966SC1256; [1966]60ITR65(SC)

..... in the expectation that it may be sold at profit 7 the company was apparently floated with the object of taking over the assets of the p k n firm for .....

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Jan 14 1965 (SC)

Shanti Prasad JaIn Vs. Kalinga Tubes Ltd.

Court: Supreme Court of India

Decided on: Jan-14-1965

Reported in: AIR1965SC1535; [1965]35CompCas351(SC); (1965)1CompLJ193(SC); [1965]2SCR720

..... in a manner oppressive to him and his group of members 2 the company was floated as a private limited company on december 1 1950 with an authorised capital of rs .....

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Jun 16 1965 (HC)

Commissioner of Income-tax, Kerala Vs. Krishna Iyer.

Court: Kerala

Decided on: Jun-16-1965

Reported in: [1967]64ITR59(Ker)

..... source of income to sri krishna iyer prior to his receiving salary from the newly floated company the appellate tribunal has not differed from the commissioner on this point and held .....

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Apr 23 1965 (HC)

Sri Arthanari Transport (P) Ltd. and ors. Vs. K.P. Swami Gounder and o ...

Court: Chennai

Decided on: Apr-23-1965

Reported in: AIR1966Mad231; (1965)2MLJ504

..... did not want to be in the company with the changed name in fact he floated another company under the name of vijayalakshmi transport pte ltd meanwhile plaintiffs 2 to 4 .....

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