Profitable - Judgment Search Results
Home > Cases Phrase: profitable Court: mumbai Year: 1957 Page 1 of about 87 results (0.114 seconds)Mahindra Kumar Mohanlal and Mohanand Kumar Mohanlal Vs. Commissioner o ...
Court: Mumbai
Decided on: Sep-19-1957
Reported in: [1958]33ITR360(Bom)
..... appeal a disrupted hindu undivided family cannot appeal against an excess profits tax assessment made on it the coparceners of the erstwhile ..... family have no locus standi they cannot appeal against an excess profits tax assessment made on the hindu undivided family if on ..... appeal on the ground that the assessment under the excess profits tax act was incompetent because the family was disrupted in .....
Tag this Judgment! Ask ChatGPTindustrial Development and Investments Co. Ltd. Vs. Commissioner of Ex ...
Court: Mumbai
Decided on: Feb-05-1957
Reported in: [1957]31ITR688(Bom)
..... consideration the price paid by it for the purpose of determining depreciation under the excess profits tax act this contention was negatived by the department the department taking the view that ..... one of partner whether purchase price paid can be included for determining depreciation under excess profits tax act 1940 tribunal declined to affirm view of assessee prayer for reference against order .....
Tag this Judgment! Ask ChatGPTNew India Life Assurance Co. Ltd. Vs. Commissioner of Income-tax, Exce ...
Court: Mumbai
Decided on: Feb-12-1957
Reported in: [1957]31ITR844(Bom)
..... india and hence the immunity from tax in respect of these profits claimed or sought by the company could not be granted the ..... be apportioned 20 with regard to question 1 under the excess profits tax reference that question must also stand over for the same ..... question 2 under the income tax reference question 2 under the excess profits tax reference must be answered in the affirmative and question 3 .....
Tag this Judgment! Ask ChatGPTJ.K. Trust Vs. Commissioner of Income-tax/Excess Profits-tax, Bombay C ...
Court: Mumbai
Decided on: Sep-10-1957
Reported in: [1958]33ITR32(Bom)
..... was applied solely to the purposes of the institution if such a business made a profit and only part was spent for religious or charitable institution and the other part was ..... carrying on the activity as a part of the trust itself and which activity made profits which the trustees may keep in reserve in order to strengthen the financial position of .....
Tag this Judgment! Ask ChatGPTJ.K. Trust, Bombay Vs. Commissioner of Income-tax, Excess Profits Tax, ...
Court: Mumbai
Decided on: Sep-10-1957
Reported in: AIR1958Bom191; (1957)59BOMLR1255; ILR1958Bom385; [1957]32ITR535(Bom)
..... was applied solely to the purposes of the institution if such a business made a profit and only part was spent for religious or charitable institution and the other pan was ..... carrying on the activity as a part of the trust itself and which activity made profits which the trustees may keep in reserve in order to strengthen the financial position of .....
Tag this Judgment! Ask ChatGPTUmedsingh Hamirasingh and ors. Vs. the Marsden Mills, Limited and ors.
Court: Mumbai
Decided on: Jul-02-1957
Reported in: AIR1959Bom143; (1957)59BOMLR985; (1957)IILLJ658Bom; (1959)IILLJ658Bom
..... societies for the use of the canteen premises furniture and equipment profit earned by the running of the canteen is retained by ..... for the canteen depreciation charges electric charges and the element of profit this is to be done in consultation with the canteen ..... otherwise the third reason which is that the societies keep the profit cannot possibly raise an inference of an implied contract because .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Delhi, Ajmer, Rajasthan and Madhya Bharat ...
Court: Mumbai
Decided on: Sep-28-1957
Reported in: [1958]33ITR681(Bom)
..... to the method of accounting upon the basis of which the profits or gains are computed under this section therefore an actual payment ..... vocation the particulars consist in the first instance of profit or loss as per profit and loss account then there are several items which ..... not been charged in arriving at the figure of profits according to the profit and loss account therefore it was an amount that .....
Tag this Judgment! Ask ChatGPTPrakash Cotton Mills (Private) Ltd. Vs. the State of Bombay
Court: Mumbai
Decided on: Jun-26-1957
Reported in: (1957)59BOMLR836; (1957)IILLJ490Bom
..... as a result of the joint contribution ofcapital and labour the industrial concern has earned profits if in any particular year the working of the industrial concern has resulted in loss ..... employees if the industrial concern has resulted in a trading loss there would be no profits of the particular year available for distribution of dividends much less could the employees claim .....
Tag this Judgment! Ask ChatGPTRamanlal Prabhudas Shah Vs. Commissioner of Income-tax, Bombay North
Court: Mumbai
Decided on: Feb-28-1957
Reported in: [1957]31ITR924(Bom)
..... view taken by the tribunal is that the income from speculative profits which came to the share of ramanlal was income which fell ..... taken into account except to the extent of the amount of profits and gains if any in any other business consisting of speculative ..... speculative transactions and he is seeking to set it off against profits and gains which have been earned in another business consisting of .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Bombay City Ii Vs. Shanti K. Maheshwari
Court: Mumbai
Decided on: Sep-17-1957
Reported in: [1958]33ITR313(Bom)
..... the united kingdom for the avoidance of double taxation of income profits and gains under this act and under the corresponding law ..... in preceding relief in respectin proportion to column of any excessthe profits of the income tax deemedcompany chargeable to be paid byby each ..... by both the dominions the proportion being the proportion of the profits of the company chargeable to tax in the two dominions .....
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