Profitable - Judgment Search Results
Home > Cases Phrase: profitable Court: allahabad Year: 1978 Page 1 of about 91 results (0.012 seconds)Addl. Commissioner of Income-tax Vs. Vishnu Industrial Enterprises
Court: Allahabad
Decided on: Jul-31-1978
Reported in: [1980]122ITR919(All)
..... should have been calculated and allowed in a succeeding year in which the assessee earned profits and created the requisite reserve the ito was directed to determine the development rebate ..... intends that this irregularity be overlooked and the rebate allowed to the extent of available profits in other words parliament indicated that artificial debiting and creation of reserve was not proper .....
Tag this Judgment! Ask ChatGPTSetha Ram Dhanvir Singh Vs. Commissioner of Income-tax
Court: Allahabad
Decided on: Sep-27-1978
Reported in: [1980]123ITR150(All)
..... cases certain amounts were added by the ito to the profits the profits as declared by the firm hence became different from the ..... their shares but in fact they have while dividing the profits or losses adopted some other shares voluntarily and knowingly it ..... same had not been distributed amongst the partners though the book profits were distributed the supreme court held that the certificate given .....
Tag this Judgment! Ask ChatGPTAddl. Commissioner of Income-tax Vs. Sheetalaya
Court: Allahabad
Decided on: Aug-17-1978
Reported in: [1979]117ITR658(All)
..... 1961 3 section 80j is headed deductions in respect of profits and gains from newly established industrial undertakings or ships or ..... of the employed capital for five years the relief was against profits and gains of such newly established undertakings the carry forward ..... contemplates that even though the undertaking may not have earned profits and gains yet the claim for the relevant amount namely .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Upper Doab Sugar Mills Ltd.
Court: Allahabad
Decided on: Apr-24-1978
Reported in: [1979]118ITR735(All)
..... commissioner before disallowance of any commission or entertainment expenses which are considered excessive the companies profits surtax act 1964 however makes the same incumbent there is no clarification that it ..... on a true interpretation of the rules framed under the first schedule of the companies profits surtax act 1964 prior approval of the inspecting assistant commissioner of income tax was .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Neemar Ram Badlu Ram
Court: Allahabad
Decided on: Aug-24-1978
Reported in: (1979)11CTR(All)253; [1980]122ITR68(All)
..... peak credits should be reduced by the amounts added as extra profits the aac rejected the contention he inter alia observed the appellant ..... direct evidence to show that the additions by way of extra profits have been responsible partly for the use of unaccounted moneys the ..... and excess assets or between the unaccounted money and the extra profits withheld from the books from year to year but that by .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. British India Corporation
Court: Allahabad
Decided on: Aug-28-1978
Reported in: [1979]117ITR651(All)
..... i t act are 1 whether the regular assessment under the business profits tax act is required to be made within four years of the ..... 1949 the ito issued a notice under section 11 of the business profits tax act 1947 within a year and so were provisional assessments made ..... section 50 of the indian i t act as adaptedby the business profits tax rules section 11 1 did not prescribe any period of limitation .....
Tag this Judgment! Ask ChatGPTIndian Motor Transport Co. Vs. Commissioner of Income-tax
Court: Allahabad
Decided on: Mar-30-1978
Reported in: [1988]114ITR677(All)
..... them and consequently their accounts were debited and correspondingly the profit and loss account of the assessee was credited this was ..... that the assessee had credited the above amounts to the profit and loss account when they remained unclaimed for a number ..... transferring the amounts from the accounts of the creditors to the profit and loss account after debiting the creditors account shows that .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Sohan Lal and Sons
Court: Allahabad
Decided on: Dec-01-1978
Reported in: [1981]130ITR914(All)
..... one of the businesses of the assessse firm there was enough profit in the other two businesses namely oudh iron stores and agarwal ..... admitted mahesh kumar minor to its benefits the document contemplated division of profits and losses of the firm as a whole and not of ..... businesses separately since the overall result of the three businesses was profit it cannot be said that share in the loss had been .....
Tag this Judgment! Ask ChatGPTAgra ChaIn Mfg. Co. Vs. Commissioner of Income-tax
Court: Allahabad
Decided on: Apr-07-1978
Reported in: [1978]114ITR840(All)
..... by the assessee were chargeable to income tax under the head profits and gains of business 5 consequent upon the decision of the ..... following income shall be chargeable to income tax under the head profits and gains of business or profession iv the value of any ..... entitled to benefits inasmuch as it was definitely an advantage or profit arising out of the business in which the assessee was engaged .....
Tag this Judgment! Ask ChatGPTLaxmi Stores Vs. Commissioner of Sales Tax
Court: Allahabad
Decided on: Sep-02-1978
Reported in: [1979]43STC167(All)
..... in a number of cases it has been pointed out that low profit without any other defect being found in the accounts is not a ..... assessment year 1964 65 the turnover has been estimated by applying a profit rate of 12 5 percent on the sales made by the assessee ..... in the circumstances the sales tax officer could have relied upon the profit rate applied by the income tax officer for estimating the turnover of .....
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