Profitable - Judgment Search Results

Ahmedabad Manufacturing and Calico Printing Co. Ltd. Vs. Commissioner ...

Court: Mumbai

Reported in: AIR1950Bom295; (1950)52BOMLR441; [1950]18ITR727(Bom)

..... and says the attorney general that in this particular case the profits during the standard period were already determined and having been ..... determined they must be accepted as the profits during the standard period in my opinion the determination referred ..... as to costs of the reference 5 reference answered accordingly excess profits tax act xv of 1940 schedule ii rules 1 2 .....

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 .....

The Commissioner of Income Tax, Excess Profits Tax Vs. Parasram Jethan ...

Court: Chennai

Reported in: AIR1950Mad631; [1950]18ITR302(Mad)

..... british india on appeal the appellate assistant commissioner reduced the mysore profits deemed to have accrued or arisen in british india by ..... of 1939 section 42 1 reads as follows all income profits or gains accruing or arising whether directly or indirectly through ..... respectively section 42 1 deals with a particular case where profits and gains accruing or arising outside british india shall be .....

M.K. Ispahani Ltd. Vs. Commissioner of Excess Profits Tax

Court: Kolkata

Reported in: AIR1953Cal314,[1952]21ITR490(Cal)

..... calcutta and the latter had no jurisdiction to make the excess profits tax assessment the assessment was accordingly cancelled 14 against that ..... iv calcutta that officer acquired jurisdiction to make the excess profits tax assessment 15 at the instance of the assessee the ..... did not confer jurisdiction on that officer to make the excess profits tax assessment 19 the decision of the question turns on .....

Ganga Sahai Umrao Singh Vs. Commissioner of Excess Profits Tax

Court: Allahabad

Reported in: AIR1950All595; [1950]18ITR988(All)

..... two separate businesses was to evade payment of the excess profits tax the assessee firm produced ram gopal as their witness ..... with the main purpose of evading payment of the excess profits tax the members of the appellate tribunal mentioned three circumstances ..... r 723 secondly in the commissioner of income and excess profits tax madras v coimbatore pioneer mills ltd coimbatore 1950 18itr213 .....

J.B. Advani and Co. Ltd. Vs. Commissioner of Income-tax and Excess Pro ...

Court: Mumbai

Reported in: AIR1950Bom297; (1950)52BOMLR434; [1950]18ITR557(Bom)

..... persons against the prosecution money was not laid out solely foe the purpose of earning profits or gains the observation of the learned chief justice receives considerable emphasis from the fact ..... assessee company in successfully defending its managing directors and salesman whether a permissible deduction excess profits tax act xv of 1940 schedule i rule 7 1 provision of free quarters to .....

Rampooria Cotton Mills Limited Vs. Commissioner of Excess Profits Tax

Court: Kolkata

..... the period september 1939 and the year 1942 determined their standard profits on the basis of a standard period the present assessees ..... 1936 the assessees could at their option claim that the standard profits should be calculated as provided in this second proviso 7 ..... must be answered in the negative 14 the commissioner of excess profits tax is entitled to his costs of these proceedings certified .....

Rampooria Cotton Mills Limited Vs. Commissioner of Excess Profits Tax, ...

Court: Kolkata

Reported in: [1952]21ITR160(Cal)

..... operated the mill between the period september 1939 and the year 1942 determined their standard profits on the basis of a standard period the present assessees continued the same method ..... business does not affect the provisions relating to computation of standard profits section 2 20 defines standard profits as meaning standard profits as computed in accordance with the provisions of section 6 the .....

Commissioner of Excess Profits Tax, West Bengal Vs. Karam Chand Thaper ...

Court: Kolkata

Reported in: [1950]18ITR722(Cal)

..... question arose whether rule 5 of scheduled i of the excess profits tax act applied and whether the assessee was entitled to relief ..... the court dr gupta on behalf of the commissioner of excess profits tax has contended that the appellate tribunal were wrong in ..... during the chargeable accounting period and make adjustments in the standard profits on the footing of the increase in the capital for the .....

V.M. Raghavalu Naidu and Sons by Executors, C.G. Krishnaswami Naidu an ...

Court: Chennai

Reported in: AIR1950Mad790; [1950]18ITR787(Mad); (1950)IIMLJ300

..... will but they would be entitled to enjoy the income and profits of the estate without any power of alienation during their lives ..... it being income from business in paints and cocoanuts rents and profits or property and interests on securities 5 the main contention of ..... will but they would be entitled to enjoy the income and profits of the estate without any power of alienation during their lives .....