Profitable - Judgment Search Results
Home > Cases Phrase: profitable Court: punjab and haryana Year: 1971 Page 1 of about 33 results (0.015 seconds)Commissioner of Income-tax Vs. Ram Saran Inder Singh
Court : Punjab and Haryana
Decided on : Jul-22-1971
Reported in : [1973]87ITR224(P& H)
..... was evidenced by the new partnership deed the distribution of profits was not in accordance with the new partnership deed this ..... which brought the shares in accord with the distribution of profits was furnished on 7th october 1966 there was no valid ..... respective authorities when they held that the unequal distribution of profits would cause the cancellation of the registration of the partnership .....
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Court : Punjab and Haryana
Decided on : Jan-06-1971
Reported in : [1972]84ITR625(P& H)
..... accrual what has however got to be determined is whether the income profits or gains accrued to the assessee and in order that the same ..... right to receive the same or that a right to the income profits or gains has become vested in him though its valuation may be ..... the contingency that the making up of the accounts would show income profits or gains this enunciation continues to be the law and stands in .....
Tag this Judgment! Ask ChatGPTBarar Lion Buttons (P.) Ltd. Vs. Commissioner of Income-tax
Court : Punjab and Haryana
Decided on : Feb-15-1971
Reported in : [1973]87ITR44(P& H)
..... 3 a require is that after carving out a portion of the profit such profit should be taken to a reserve account so that such amount ..... the development rebate to be actually allowed is carved out of the profit and taken to a reserve account it cannot be said that any ..... of the development rebate to be actually allowed is debited to the profit and loss account of the relevant previous year and credited to a .....
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Court : Punjab and Haryana
Decided on : Jul-27-1971
Reported in : [1972]86ITR543(P& H)
..... written off that the appellants allege that they are entitled to deduct in computing the profits and gains of their trade for the year ending the 31st december 1933 they rely ..... that this expenditure has been incurred by the parent company to earn higher profit the implication being that earning profit on its investment is the business of the parent company mr awasthy .....
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Court : Punjab and Haryana
Decided on : Aug-26-1971
Reported in : [1973]43CompCas353(P& H)
..... been disputed and indeed it is clear from the balance sheets and profit and loss accounts of the company shown to me that the company ..... same value on the closing day under the heading income in the profit and loss account for the same year rs 27 500 is ..... make it improbable for the company to carry on the new business profitably 5 the expected and intended advantage of the proposed new businesses to .....
Tag this Judgment! Ask ChatGPTGroz-beckert Saboo Ltd. Vs. Commissioner of Income-tax
Court : Punjab and Haryana
Decided on : Sep-20-1971
Reported in : (1972)74PLR574
..... sale of raw materials or finished products are part of the trading profits in fact one of the crucial tests in capital revenue questions is ..... deemed to be receipt of trading stocks free of cost and therefore profits assessable to tax the assesses perhaps could make a claim on ..... receipt moreover stock in trade by itself does not become income or profits of a business it is only when the stock in trade .....
Tag this Judgment! Ask ChatGPTGroz-beckert Saboo Ltd. Vs. Commissioner of Income-tax, PatialA.
Court : Punjab and Haryana
Decided on : Sep-20-1971
Reported in : [1972]86ITR256(P& H)
..... sale of raw materials or finished products are part of the trading profits in fact one of the crucial tests in capital revenue questions is ..... deemed to be receipt of trading stocks free of cost and therefore profits assessable to tax the assessee perhaps could make a claim on ..... receipt moreover stock in trade by itself does not become income or profits of a business it is only when the stock in trade .....
Tag this Judgment! Ask ChatGPTRattan Chand Dhawan Vs. Commissioner of Income-tax
Court : Punjab and Haryana
Decided on : Mar-24-1971
Reported in : [1973]87ITR660(P& H)
..... the asses see s account keeping basis when it showed a profit rejected this claim on the ground that the assessee ought ..... employed by the assessee 145 1 income chargeable under the head profits and gains ofbusiness or profession or income from other sources shall ..... that in the opinion of the income tax officer the income profits and gains cannot properly be deduced therefrom then the computation shall .....
Tag this Judgment! Ask ChatGPTShazada Nand and Sons Vs. Commissioner of Income-tax
Court : Punjab and Haryana
Decided on : Aug-18-1971
Reported in : [1973]90ITR91(P& H)
..... should be reasonable with reference to the pay of the employee the profits of the business and the general practice in similar business or ..... that if the sum was payable to him as part of profits but described as bonus or commission the amount is not to ..... taken as partners and fathers as employees the possibility of diversion of profit cannot entirely be ruled out particularly when it is borne in .....
Tag this Judgment! Ask ChatGPTFateh Chand Jairam Dass Vs. Commissioner of Income-tax
Court : Punjab and Haryana
Decided on : Aug-26-1971
Reported in : [1973]88ITR226(P& H)
..... assessment for the year 1947 48 with a view to assess this profit the income tax officer issued a notice under section 148 on ..... of the proceedings this included rs 62 000 on account of speculation profits earned by ram sarup rs 6 875 on account of credit ..... had escaped assessment ram bhagat had specified rs 50 000 as speculation profits earned by the family not shown in the books similarly another .....
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