Profitable - Judgment Search Results

NaraIn Swadeshi Weaving Mills, Chheharta (Amritsar) Vs. Commr. of Exce ...

Court : Punjab and Haryana

Reported in : AIR1953P& H72

..... identical 2 the reference relates to a liability under the excess profits tax act of 1940 the assessee firm known as narain ..... of necessary previous sanction from the inspecting assistant commissioner of excess profits tax the fact of such previous sanction having been obtained ..... on by an individual or by individuals in partnership if the profits of the profession depend wholly or mainly on his or .....

Indian Woollen Textile Mills Vs. Commissioner of Excess Profits Tax, P ...

Court : Punjab and Haryana

Reported in : AIR1960P& H582; [1960]39ITR289(P& H)

..... tax assessments and those assessments having been quashed the excess profits tax assessments also fell with them this contention did not ..... in connection with the income tax assessments and the excess profits tax assessments were not rendered invalid merely because the income ..... thereupon made four applications under s 21 of the excess profits tax act for referring certain questions of law arising in .....

Ram Lal Kashi Ram Vs. Commissioner of Excess Profits Tax, Delhi.

Court : Punjab and Haryana

Reported in : [1952]22ITR68(P& H)

..... composition under section 53 2 had been arrived at the excess profits tax officer in february 1944 replied to this letter stating that ..... of indian income tax act 1922 provided further that where the profits during any standard period have already been determined for the purpose ..... of the income tax act the figures given by the excess profits tax officer were qualified as being only the figures available .....

Winsome Textiles Industries Ltd. Vs. Union of India (Uoi) and ors.

Court : Punjab and Haryana

Reported in : (2005)199CTR(P& H)466; [2005]278ITR470(P& H)

..... 18 2000 wherein various additions disallowances were made to the profit as per profit and loss account and the income was determined at ..... as given in the return is reproduced below rs rs profit as per profit and loss account 5 90 42 435add i depreciation ..... to be the only source of income iii profits derived from industrial undertaking profits derived from industrial undertaking only are eligible for .....

Knorr- Bremse India (P.) Ltd. Vs. Assistant Commissioner of Income-tax ...

Court : Punjab and Haryana

..... arm s length price is to be determined in proportion to the extent of profit thus while profit may reflect upon the genuineness of an assessee s claim it is not determinative ..... aggregation further still according to the assessee the various international transactions jointly contribute to the profitability of the manufacturing and distribution activities and the pli lastly it was contended that the .....

Commissioner of Income-tax, Patiala Vs. H.M. Steels Ltd.

Court : Punjab and Haryana

..... under s 80 ia 80 ib is the generation of profits operational profits for example an assessee company located in mumbai may have ..... from s 75 of the customs act 1962 hence incentives profits are not profits derived from the eligible business under s 80 ib they ..... than attributable to and the freight subsidy cannot be treated as profit derived from industrial undertaking though it may be attributable to .....

Mansha Ram Vs. Tej Bhan

Court : Punjab and Haryana

Reported in : AIR1958P& H5

..... partnership continues he must account for a share of the profits as profits arise not only from the capital but also from the ..... mr manchanda argues that the onlyreason given for sharing the profits equallyhaving been found to be baseless the claim ofthe plaintiff ..... four annas the entry relates to capitalcontribution without referring to profits and tosses the provisions of section 13 b of the .....

Pandit Bros. Vs. Commr. of Income-tax

Court : Punjab and Haryana

Reported in : AIR1955P& H42; [1954]26ITR159(P& H)

..... the income tax officer on going through the accounts found that taxable profits should have been declared at a higher figure he examined the ..... a brief order he dismissed the appeal he observed and the profits disclosed keeping in view the quality of goods sold by the ..... and the income tax appellate tribunal took the view that the profits disclosed by the firm were low in the second place they .....

Commissioner of Income-tax Vs. Chuni Lal Monga Ram

Court : Punjab and Haryana

Reported in : AIR1957P& H259; [1958]33ITR170(P& H)

..... the only real difference is that whereas under the excess profits tax act profits made on business in an indian state were on no ..... above would have been taken namely that whereas for the excess profits tax profits earned in an indian state could not ba taken into ..... or considered at any stage the orders passed regarding the excess profits being consequential on the orders of the income tax officer the .....

Commissioner of Income-tax Vs. Hukam Chand Dalal.

Court : Punjab and Haryana

Reported in : [1962]44ITR614(P& H)

..... heads under which taxable income can accrue namely salaries interest on securities income from property profits and gains of business profession or vocation income from other sources and capital gains section ..... to setting off the losses incurred by the assessee in his speculative business against the profits realised by him from his brokerage business the appellate tribunal however held that the .....