Profitable - Judgment Search Results
Home > Cases Phrase: profitable Court: mumbai Year: 1971 Page 1 of about 39 results (0.016 seconds)Commissioner of Excess Profits Tax, Bombay City I Vs. Ramgopal Ganpatr ...
Court: Mumbai
Decided on: Mar-28-1971
Reported in: [1972]85ITR272(Bom)
..... the object and purpose of the act being to tax excess profits which from part of the profits and the profits being the profits of a business investments could not have been used in ..... would be meaningless to exclude investments in its said second meaning because in such profits they not being profits of a business surely the legislature could not have intended by enacting rule .....
Tag this Judgment! Ask ChatGPTAll India Voltas and Volkart Employees' Federation Vs. Voltas Ltd. and ...
Court: Mumbai
Decided on: Jul-23-1971
Reported in: (1972)ILLJ326Bom
..... shows that the basis of computation of gross profits is the net profit as per the profit and loss account of the company them ..... therefore these expenses could not legitimately be deducted from the gross profits as revenue expenditure on behalf of the company it has ..... idea with these persons of their manufacturing new products that can profitably be manufactured by them with the help of the products .....
Tag this Judgment! Ask ChatGPTKarsondas Ranchhoddas (Legal Heirs of Late Ranchhoddas Jethabhai) Vs. ...
Court: Mumbai
Decided on: Jan-20-1971
Reported in: [1972]83ITR256(Bom)
..... in the intervening assessment year 1957 58 the assessee had shown profit of rs 1 155 on the salt of shares and that ..... at all and therefore there was no question of taxing business profits or allowing business losses 11 this evidence has been wholly overlooked ..... can do so lawfully you must reduce your tax burden generally profit motive is the hallmark of these activities as observed by the .....
Tag this Judgment! Ask ChatGPTV.A. Chedda Vs. Bambai Mazdoor Union
Court: Mumbai
Decided on: Nov-04-1971
Reported in: (1972)74BOMLR243; 1972MhLJ504
..... sub clause must be something done with a view to making profit the expression calling is also sufficiently wide to include in it ..... activities not necessarily concerned with the profit motive what is really emphasised in this sub section is the ..... members of the association though not an activity intended to earn profits it is an activity integrally connected with the business of the .....
Tag this Judgment! Ask ChatGPTM.G. Investment and Industrial Company Ltd. Vs. New Shorrock Spinning ...
Court: Mumbai
Decided on: Apr-22-1971
Reported in: [1972]42CompCas145(Bom)
..... for rights shares is also business the petitioner company undoubtedly thought it profitable to apply for these rights shares nonetheless it was business of an investment company ..... hotels rooming house medical and health services legal services motion pictures and non profit members organisations architectural accounting auditing and book keeping services research and development laboratories would .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Poona Vs. Sunderlal N. Daga (No. 1)
Court: Mumbai
Decided on: Jan-27-1971
Reported in: [1971]81ITR52(Bom)
..... of information in his possession he has reason to believe that income profits and gains chargeable to income tax have escaped assessment for any ..... in the said firm and therefore included the share of the profits of the assessee in the said firm in the total income ..... undivided family in the firm and directed that the share of profits of the assessee should be deleted from assessment of the hindu .....
Tag this Judgment! Ask ChatGPTKishinchand Chellaram Vs. Commissioner of Income-tax
Court: Mumbai
Decided on: Feb-22-1971
Reported in: [1972]84ITR485(Bom)
..... urged that the account books which were accepted disclosed that the profits from the madras pedhi for the year of account was a ..... been entertained by the income tax authorities in regard to the profits earned by the appellant assessee in his business and no formation ..... was laid for a conclusion that the assessee had concealed any profits earned by him in his business after stating the arguments of .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Poona Vs. Sunderlal N. Daga and ors. (No. ...
Court: Mumbai
Decided on: Jan-28-1971
Reported in: [1971]81ITR73(Bom)
..... showed the income received by the minor as his share of profits in the said partnerships the income tax officer made his order ..... the decision in narain swadeshi weaving mills v commissioner of excess profits tax and contended that this court should in exercise of its ..... the case of narain swadeshi weaving mills v commissioner of excess profits tax in our opinion the decision of the supreme court in .....
Tag this Judgment! Ask ChatGPTFramroze Rustomji Paymaster and ors. Vs. British Burmah Petroleum Co. ...
Court: Mumbai
Decided on: Aug-11-1971
Reported in: (1976)78BOMLR642; [1976]46CompCas587(Bom)
..... trade in which a person engages in the hope of making a profit it cannot be denied by the defendants that what the company ..... that case was incorporated in south africa where the whole of the profits were made from the mining and disposal of diamonds the directors ..... company s affairs resided in the hands of the london board the profits though arising entirely from the raising and sale of diamonds in .....
Tag this Judgment! Ask ChatGPTAmIn Abdul Kadar Murtasa Vs. Jivraj Otmal Ratnagiri Bhagidari and ors.
Court: Mumbai
Decided on: Feb-22-1971
Reported in: AIR1972Bom88; (1971)73BOMLR715; 1971MhLJ956
..... offered two sureties who executed bonds to the court for securing the payment of mesne profits for two years against the decree made in the suit an appeal was filed by ..... after the appeal was dismissed an execution was sought by the decree holder for mesne profits against the original sureties a contention was taken by sureties that they were discharged broomfield .....
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