Profitable - Judgment Search Results
Home > Cases Phrase: profitable Page 1 of about 485 results (0.217 seconds)V. Jaganmohan Rao and ors. Vs. Commissioner of Income-tax and Excess P ...
Court : Supreme Court of India
Reported in : [1970]75ITR373(SC)
..... asset and partly towards the discharge of the claim towards profits and hence it should be apportioned towards capital and income ..... into his possession the income tax officer discovers that income profits or gains chargeable to income tax have escaped assessment in ..... paid in consideration of the acquisition of a source of profit of income is capital expenditure both on principle and authority .....
Tag this Judgment! Ask ChatGPTIn Re: Specific Relief Act, 1877
Court : Mumbai
Reported in : AIR1921Bom452; (1921)ILR45Bom1064
..... decided that the petitioners were liable to be assessed under the excess profits duty act as under section 8 the act was applied to every ..... would depend either on the out turn or on the amount of profits were to be considered as carrying on a business excepted under ..... therefore on every ground the rule must be discharged with costs excess profits duty act x of 1919 section 3 15 schedule i offices or .....
Tag this Judgment! Ask ChatGPTNarottam Morarji and Co. Vs. Commissioner of Excess Profits Tax
Court : Mumbai
Reported in : [1977]109ITR69(Bom)
..... company after making all proper allowance and deductions from revenue for working expenses chargeable against profits it is well settled that in respect of commission claimable by the managing agents the ..... the respective chargeable accounting periods he was entitled to determine the correct amount of excess profits tax payable thus as during the first four chargeable accounting periods the right to .....
Tag this Judgment! Ask ChatGPTCommissioner of Excess Profits Tax, Madras Vs. N.M. Rayaloo Iyer and S ...
Court : Supreme Court of India
Reported in : AIR1961SC692; [1961]41ITR671(SC); [1961]3SCR60
..... at the rate of 12 1 2 on the net profits the excess profits tax paid by the assessees was to be taken into ..... mills ltd 1 the high court observed that in computing net profits excess profits tax could not be deducted but on the materials on the ..... purpose of the business taking into account these circumstances the excess profits tax officer held that the remuneration paid to the employees was .....
Tag this Judgment! Ask ChatGPTAhmedbhai Umarbhai and Co. Vs. Excess Profits Tax Officer, Iii Circle
Court : Mumbai
Reported in : (1948)50BOMLR349
..... through a manufacturing process it may well have been that profits attributable to that manufacturing process accrued or arose in british ..... ujjain must be calculated without allowing any apportionment of that profit as between the period prior to the moment of export ..... india manufacturing activity whether part of business of assessee firm profits from sale in british india whether accrue or arise in .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax and Super Profits Tax Vs. Burn and Co. Ltd.
Court : Kolkata
Reported in : [1978]114ITR565(Cal)
..... as trading expenses if these were sufficiently certain to be capable of valuation and if profits cannot be properly estimated without taking them into consideration an estimated liability under a scheme ..... observed that an employer who followed the mercantile system of accounting incurred a liability towards profit bonus only when the claim if made was settled amicably or by industrial adjudication in .....
Tag this Judgment! Ask ChatGPTCommissioner of Excess Profits Tax Vs. Goculdoss Jamnadoss and Co.
Court : Chennai
Reported in : AIR1950Mad773; (1950)IIMLJ9
..... of rs 43 299 in question is exempt from excess profits tax as profit of a part of a business accruing or arising in ..... enhanced values arising from manufacturing processes could be deemed to be profits though it is only on sale that the increased value ..... as regards costs direct taxation severable business section 5 of excess profits tax act 1940 assessee carried on money lending business investment .....
Tag this Judgment! Ask ChatGPTN.M. Rayaloo Iyer and Sons, Mathurai Vs. Commr. of Income Tax Excess P ...
Court : Chennai
Reported in : AIR1955Mad56; [1954]26ITR265(Mad)
..... after you have paid all the necessary expenses to earn the profit profit is a plain english word that is what is charged with ..... house of lords was based upon the interpretation that net profits mean divisible profits i e profits out of which the taxes are deducted and thereafter ..... of opinion that in order to arrive at the net profits the excess profits tax must be excluded and 121 2 per cent must .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Excess Profit Tax, Madras Vs. A.S.T.F. Rod ...
Court : Chennai
Reported in : AIR1952Mad35; [1951]20ITR247(Mad); (1951)2MLJ346
..... cutting business operations arbitrarily into two or more operations apportioning as between them the profits resulting from one continuous process ending in a sale nevertheless held that the ..... disintegration and apportionment between the different operations is shown by their further observation that profits are frequently if not ordinarily regarded as arising from many transactions each of which .....
Tag this Judgment! Ask ChatGPTCommissioner of Excess Profit Tax, Kanpur Vs. Kalyan Mal Phool Chand
Court : Supreme Court of India
Reported in : AIR1987SC2140; [1987]166ITR180(SC); 1987(1)SCALE563; (1987)2SCC458; [1987]2SCR601; 1987(1)LC721(SC)
..... activity leading to the production of finished article which was subsequently sold contributed to the profits realised according to the high court it mattered little whether or not the manufacturing ..... occupied with manufacturing activity alone and there were no sales therefore no part of the profits realised upon the sales could be apportioned to those chargeable accounting periods and consequently .....
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