Profitable - Judgment Search Results

Rani Amrit Kunwar Vs. Commissioner of Income-tax, Central and United P ...

Court: Allahabad

Reported in: AIR1946All306

..... schedule d is the schedule which charges tax on annual profits or gains arising from any trade profession employment or vocation ..... four heads of salaries interest on securities income from property and profits and gains of business profession or vocation the act provides ..... amplification the word income is not limited by the words profits and gains anything which can properly be described as income .....

Rani Amrit Kunwar Vs. Commissioner of Income Tax, C.P. and U.P.

Court: Allahabad

Reported in: [1946]14ITR561(All)

..... schedule d is the schedule which charges tax on annual profits or gains arising from any trade profession employment or vocation ..... four heads of salaries interest on securities income from property and profits and gains of business profession or vocation the act provides ..... amplification the word income is not limited by the words profits and gains anything which can properly be described as income .....

The English and Scottish Joint Co-operative Wholesale Society Ltd. Vs. ...

Court: Kolkata

Reported in: [1945]13ITR295(Cal)

..... if it is limited to trading with them makes a profit that profit belongs to the shareholders in a sense but it belongs ..... income tax by notification under the above sub section the profits of co operative societies registered under the acts mentioned in ..... which were returned were not distributions among the shareholders of profits made from trading the contention that the transactions between the .....

British South Africa Co. Vs. Commissioner of Income-tax

Court: Privy Council

..... in the notices of assessment as rents royalties premiums and profits arising from property to these notices objection was duly taken ..... income tax act then in force in relation to the profits derived from working a mine the respondent properly appreciating that ..... this consideration that leads him to the conclusion that against the profits derived from such participation no allowance for cost can be .....

Hercules Gasoline Co., Inc. Vs. Commissioner

Court: US Supreme Court

..... italics supplied subdivision c 2 allowed a credit where earnings and profits of the taxable year are required by a provision of ..... corporation which provision expressly deals with the disposition of earnings and profits of the taxable year to be paid within the taxable ..... to tax credit would defeat the very purpose of the undistributed profits tax footnote 5 the rejection of petitioner s claim for tax .....

Commissioner of Income-tax Vs. P.E. Polson

Court: Mumbai

Reported in: (1945)47BOMLR737

..... force the owner would pay income tax twice over on his 1921 profits it was accordingly necessary in the 1922 act to differentiate for the ..... to the assessment if any made on the basis of the income profits or gains of the previous year this sub section does not ..... on the business throughout the previous year and had received the whole profits for that year 12 before the amending act came into force the .....

Hukum Chand Minor Through Mangal Sen and anr. Vs. Kashi Ram and ors.

Court: Allahabad

Reported in: AIR1945All350

..... been dismissed upon the ground that they could not sue for profits because they were not cosharers there was a subsidiary question whether ..... the chapter dealing with the recovery of arrears of revenue and profits the provisions in the new act corresponding with the provisions of ..... it seems to follow from the ruling that an assignee of profits would be a cosharer because in that case the assignee was .....

The Official Receiver Vs. Neminadha Mudaliar

Court: Chennai

Reported in: AIR1945Mad253; (1945)1MLJ469

..... insolvents were concerned and also because of the disallowance of mesne profits from the date of application a memorandum of cross objections ..... argument overlooks the power of the court to do equity mesne profits can be granted wherever the other party has been in ..... considered there since the application had been mads very late mesne profits were granted only from the date of the application to avoid .....

Commissioner of Income-tax, Bombay, Sind and Baluchistan Vs. P.E. Pols ...

Court: Privy Council

..... and casein under the style of poison manufacturing company he had made profits and been charged to tax under the income tax act 1918 ..... the owner would pay income tax twice over on his 1921 profits it was accordingly necessary in the 1932 act to differentiate for ..... on the business throughout the previous year and had received the whole profits for that year before the amending act came into force the .....

Commissioner of Income-tax Bengal Vs. Gurupada Dutta and Others

Court: Privy Council

..... of the business and was an allowable deduction in computing the profits of the nalhati branch on the application of the present appellant ..... a proportion of or otherwise on the basis of any such profits or gains in answering affirmatively the question of law submitted to ..... at a proportion of or otherwise on the basis of the profits or gains of the nalhati business alternatively it was maintained by .....