Profitable - Judgment Search Results
Home > Cases Phrase: profitable Court: kolkata Year: 1971 Page 1 of about 38 results (0.014 seconds)Commissioner of Income-tax Vs. Tea Estates India Private Ltd.
Court : Kolkata
Decided on : Jan-13-1971
Reported in : [1972]86ITR705(Cal)
..... gains arising within the excepted periods vide explanation to section 2 6a accumulated profits are therefore profits which are so regarded in commercial practice and capital gains as defined in ..... mr ray argued that in accordance with the aforesaid decision only those profits which were commercial profits and those profits which were assessable as capital gains under section 12b could be included .....
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Court : Kolkata
Decided on : May-11-1971
Reported in : [1972]85ITR531(Cal)
..... tax apart from surtax in the shareholders hands there is in fact only one profit no new profit being created from the fact that the shareholder gets his share the tax is ..... company purchased the entire share capital of three companies each of which had substantial undistributed profits on the 28th of march 1955 all the three companies declared large dividends the value .....
Tag this Judgment! Ask ChatGPTNiranjan and Co. (P.) Ltd. Vs. Commissioner of Income-tax and ors.
Court : Kolkata
Decided on : May-21-1971
Reported in : 75CWN741,[1972]84ITR427(Cal)
..... 27 1963 and it appears from the assessment order that the profit from the construction work was taken into account in making ..... the income tax officer accounts for the entirety of the higher profits disclosed in the revised return can be ascertained only by ..... additional materials with regard to the same assessment year disclosing higher profits it is not open to it to turn round and challenge .....
Tag this Judgment! Ask ChatGPTMurlidhar Haspuria Vs. Bansidhar Halwai
Court : Kolkata
Decided on : Dec-01-1971
Reported in : AIR1973Cal193
..... contended that the only agreement between his client and the respondent was to share the profits and from such agreement a partnership agreement should not be inferred reliance was next placed ..... was a partnership between the transferor and the transferee companies was whether the participation of profit constituted relationship of principal and agent between the parties and that there was nothing in .....
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Court : Kolkata
Decided on : Aug-09-1971
Reported in : [1973]87ITR501(Cal)
..... vib required the department to see whether there were sufficient net profits as per audited accounts of the years to justify the ..... the year of installation as its audited accounts showed a net profit before the unabsorbed depreciation was taken into account but mr ..... a reserve account which has to be appropriately shown in his profit and loss account for the year of installation learned counsel .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Carew and Co. Ltd.
Court : Kolkata
Decided on : Jul-08-1971
Reported in : [1973]87ITR459(Cal)
..... tax on rs 5 529 only being the difference between the profit from business and loss from agriculture arising in pakistan thereafter ..... what is total world income it includes inter alia all income profits and gains wherever accruing or arising 11 then section 49d ..... the annexed agreement for the avoidance of double taxation of income profits and gains under the said acts which has been concluded between .....
Tag this Judgment! Ask ChatGPTUnion Carbide (India) Ltd. Vs. Income-tax Officer and ors.
Court : Kolkata
Decided on : Apr-30-1971
Reported in : [1973]87ITR529(Cal)
..... failed to disclose material particulars showing what was the amount of profits arising out of sales to outside parties as such the income ..... such relief under section 15c which has been allowed is not profit earned by resale to outside customers but represents the book ..... of full disclosure mere filing of the directors report and the profit and loss account of the petitioner company would not amount to .....
Tag this Judgment! Ask ChatGPTKalyanji Mavji and Co. Vs. Commissioner of Income-tax
Court : Kolkata
Decided on : Aug-05-1971
Reported in : [1973]87ITR228(Cal)
..... sense a new asset altogether when it is restored to its profit earning condition by expenditure incurred on renovating and reconditioning the same ..... the cost of such acquisition cannot be deducted out of the profits by claiming that it relieves the annual labour bill the ..... 162 it really went towards effecting a permanent improvement in the profit making machinery that is in the capital assets it was .....
Tag this Judgment! Ask ChatGPTTarulata Shyam and ors. Vs. Commissioner of Income-tax
Court : Kolkata
Decided on : Feb-19-1971
Reported in : [1971]82ITR485(Cal)
..... also introduced section 12 1a in the act under which profit from other sources shall include dividend and any dividend declared ..... was reasonably available with the company in the form of profits those in charge of the company deliberately refused to distribute ..... contained in the impugned section the object of keeping accumulated profits without distributing them obviously is to take the benefit of .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Edward Keventer (Private) Ltd.
Court : Kolkata
Decided on : Jun-22-1971
Reported in : [1972]86ITR370(Cal)
..... on behalf of the assessee that considering the gross profit and the net profit accruing during the 4 years in question the payment ..... the income tax officer said that it was only an allocationof profits 12 as against the orders of the income tax officer ..... be unreasonable on the basis of percentage in relation to the profits of the company ignoring the other relevant considerations the income tax .....
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