Profitable - Judgment Search Results

Daulatrao Malojirao Vs. Province of Bombay

Court : Mumbai

Reported in : AIR1947Bom340; (1947)49BOMLR270

..... lands to an ancestor of defendant no 2 who was to enjoy its rents and profits in return for rendering kulkarni services to the estate in course of time the estate .....

General Family Pension Fund Vs. Commissioner of Income-tax, Bengal.

Court : Kolkata

Reported in : [1946]14ITR488(Cal)

..... the year 1937 38 assessments for income tax were based upon the average annual net profits disclosed by the last preceding quinquennial actuarial valuation with possibly some additions to which ..... under legal obligation but for the purpose of deriving income from funds consisting of accumulated profits acquired in past years but not distributed among the shareholders and the investments were .....

Commissioner Vs. Wilcox

Court : US Supreme Court

..... existence of taxable income had the taxpayer used the embezzled money and obtained profits therefrom such profits might have been taxable regardless of the illegality involved footnote 7 or had ..... present case recognizes that had the taxpayer used the embezzled money and obtained profits therefrom such profits might have been taxable regardless of the illegality involved the majority opinion therefore .....

Burton-sutton Oil Co., Inc. Vs. Commissioner

Court : US Supreme Court

..... investment an economic interest in the oil with a possibility of profit from that interest or investment solely from the extraction of the ..... principle that a reserved royalty is necessary to make a net profit payment depletable to the lessor and deductible from gross income ..... to depletion of gross production but could not exclude that net profit payment to his assignee from his gross as the transfer .....

Ayrshire Employers Mutual Insurance Association Vs. Inland Revenue

Court : House of Lords

..... initial assumption in favour of the attorney general the section becomes meaningless and the hypothetical profit or surplus indeterminable the appeal must in my opinion be dismissed lord uthwatt 8212 this ..... members of the company or society under consideration the subsection brings within the compass of profits or gains for purposes of income tax the surplus which would arise if transactions with .....

The Loyal Motor Service Co., Ltd. Vs. Commissioner of Income-tax

Court : Mumbai

Reported in : AIR1947Bom15; (1946)48BOMLR513

..... unless the commission or bonus would be paid to the assessee as profits or dividends the exception to the allowance does not operate mr ..... rendered where such sum would not have been payable to him as profits or dividend if it had not been paid as bonus or ..... bonus when in fact ordinarily it should have reached the shareholder as profit or dividend the argument would be equally applicable in the case .....

Ganeshilal and Sons Vs. Commissioner of Income-tax, U. P. and C. P.

Court : Allahabad

Reported in : [1947]15ITR1(All)

..... follows whether in the circumstances of this case in determining the profits and gains accruing or arising to the assessee from the ..... income tax act and as the expenditure was made before the profits were determined it was open to argument that inadmissible expenses ..... india the only question therefore is whether this sum represents income profits and gains which accrued or arose to the assessee at .....

PanikkaThe Kutti Pennu Maruvalamma's son Raghava Mannadiar Vs. Panikka ...

Court : Chennai

Reported in : AIR1947Mad106; (1946)2MLJ117

..... an application was filed asking for the determination of future mesne profits the trial court dismissed the application but on appeal the ..... question was whether interest could be claimed in respect of the profits and the learned judges held that the plaintiff was not ..... this it is then contended that the final decree for mesne profits not having been preceded by any preliminary decree relating to .....

Kirby Petroleum Co. Vs. Commissioner

Court : US Supreme Court

..... the taxpayer should receive twenty percent of the net money profits realized by the lessees from their operations under the lease ..... in the usual form and additional payments from the net profits of the operation footnote 2 the commissioner assessed a deficiency ..... though continued production is essential to the realization of such profits the anderson case involved the taxability to the oil operator .....

Rajendra Nath Vs. Raghu Ram and anr.

Court : Allahabad

Reported in : AIR1946All518

..... three separate suits have been apparently necessary because the arrears of profits related to three separate khewats the court of first instance held ..... to maintain a suit under section 230 for recovery of those profits from the co sharer 4 the learned judge had before ..... any settlement of accounts with the lambardar a share of past profits to which the person claiming the account is entitled should be .....