Profitable - Judgment Search Results
Home > Cases Phrase: profitable Court: kolkata Year: 1986 Page 1 of about 93 results (0.018 seconds)Commissioner of Income-tax Vs. North Koshalpur Colliery Co. Pvt. Ltd.
Court: Kolkata
Decided on: May-16-1986
Reported in: (1986)55CTR(Cal)409,[1986]161ITR756(Cal)
..... holding that the assessee was entitled to deduction under section 80 i on the profits from priority industry before deducting therefrom the unabsorbed depreciation and unabsorbed development rebate ..... holding that the assessee is entitled to deduction under section 80 i on the profits from priority industries before deducting therefrom the unabsorbed depreciation and unabsorbed development rebate .....
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Court: Kolkata
Decided on: Apr-09-1986
Reported in: (1986)56CTR(Cal)206,[1987]165ITR416(Cal)
..... incurred by the assessee including establishment charges advertising salaries and wages in 1947 the business profits tax act was promulgated and brought into effect the assessee claimed exemption from this tax ..... committed five months delay the shipowners claimed damages from the shipbuilders assessed on the estimated profits which the ship would have earned during the period of delay the claim was .....
Tag this Judgment! Ask ChatGPTGokul Chandra Seal Vs. Atlas and Union Jute Press Co. Ltd.
Court: Kolkata
Decided on: Mar-13-1986
Reported in: AIR1986Cal393,90CWN873
..... observed that generally from the nature of claim to mesne profits mesne profits ought not to be estimated for any period during ..... received together with interest thereon the liability to pay mesne profits would therefore be obviously confined to the period during which ..... ceases to be wrongful would his liability to pay mesne profits still continue thereafter until delivery of possession to the decree .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Sangit Kala Mandir Trust
Court: Kolkata
Decided on: Jul-15-1986
Reported in: [1987]166ITR217(Cal)
..... derived income inter alia from arbitration fees fees collected for issuing certificates and share of profits in m s calcutta licensed measurers for issue of certificates of weighment and measurement the ..... the entire capital was provided by the government the statute further provided that the annual profits could be utilised for the provision of amenities to the passengers using the road transport .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Peico Electronics and Electricals (Form ...
Court: Kolkata
Decided on: Jul-18-1986
Reported in: [1987]166ITR299(Cal)
..... accountancy fairly well known provisions made against anticipated losses and contingencies are charges against profits and therefore to be taken into account against gross receipts in the p l ..... following aspects mentioned in the judgment provide some guidelines a a mass of undistributed profits cannot automatically become a reserve and that somebody possessing the requisite authority must clearly .....
Tag this Judgment! Ask ChatGPTG. Atherton and Co. Vs. Commissioner of Income-tax
Court: Kolkata
Decided on: May-22-1986
Reported in: (1986)56CTR(Cal)10,[1987]165ITR527(Cal)
..... compute the taxable income allowing the same and if book profit resulted to the assessee without the depreciation the assessee would ..... the deduction permissible under the said section in respect of profits and gains attributable to the business of generation or ..... unabsorbed development rebate before arriving at the figure of such profits and gains for the purpose of further deduction under section .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. A. Tosh and Sons (P.) Ltd.
Court: Kolkata
Decided on: Sep-09-1986
Reported in: (1987)59CTR(Cal)272,[1987]166ITR867(Cal)
..... partnership by the assessee and they had agreed to share the profits and losses in proportion to their individual contributions on these ..... be a revenue expenditure or as an overriding charge on the profit making apparatus or as expenditure laid out or expended wholly ..... it might be an expenditure incurred as a contribution to the profit earning apparatus or incurred at the inception and deductible as .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Colour Film Distributors
Court: Kolkata
Decided on: May-16-1986
Reported in: [1987]165ITR511(Cal)
..... that the assessee followed the mercantile system of accounting the profit could only be computed after deduction of the minimum guarantee ..... a commercial sense and there could be no computation of profits until the expenditure necessary for the purpose of earning the ..... 1959 37itr1 sc the assessee showed the entire amount of profits received and receivable arising out of the contract and debited .....
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Court: Kolkata
Decided on: Jun-23-1986
Reported in: (1986)56CTR(Cal)134,[1987]164ITR357(Cal)
..... or was attributable to an allowance given in computing the profits and gains of the indian company 19 the learned advocate ..... declared by the indian company out of the balance of its profits and after charging further depreciation 20 the learned advocate for ..... relevant accounting year and had paid dividend out of its accumulated profits the shareholder who received such dividend was not entitled to .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Empire Jute Co. Ltd.
Court: Kolkata
Decided on: May-16-1986
Reported in: (1986)56CTR(Cal)22,[1986]161ITR556(Cal)
..... unabsorbed depreciation and unabsorbed development rebate were not liable to be deducted from the profits and gains attributable to the specified business for arriving at the figure exigible to ..... section 80e secondly ascertain what part of the total income so computed represents the profits and gains attributable to the business of the specified industry here generation and distribution .....
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