Profitable - Judgment Search Results
Home > Cases Phrase: profitable Year: 1955 Page 1 of about 286 results (0.007 seconds)Commissioner of Income-tax, Excess Profits Tax, Bombay City Ii Vs. Maz ...
Court : Mumbai
Decided on : Feb-24-1955
Reported in : AIR1955Bom401; (1955)57BOMLR475; ILR1955Bom809; [1955]28ITR35(Bom)
..... business in the taxable territories which business would ordinarily yield profits the non resident is introduced in this sub section because ..... ships of non resident companies at cost price and without profit applicability of section 42 2 to case of resident ..... business in the taxable territories which business would ordinarily yield profits the non resident is introduced in this sub section because .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Excess Profits Tax, Bombay City Vs. Homi Me ...
Court : Mumbai
Decided on : Sep-22-1955
Reported in : AIR1956Bom415; (1956)58BOMLR112; ILR1956Bom154
..... be that an activity is undertaken with the object of making profit the object may not be realised but a businessman ordinarily and ..... and cost price of shares transferred by assessee to company a profit liable to tax the assessee who dealt in shares both ready ..... a gain to the person who entered into the transaction not profits from any narrow technical or legalistic point of view californian copper .....
Tag this Judgment! Ask ChatGPTBhogilal Bhagwandas Joint Account Vs. Commissioner of Excess Profits T ...
Court : Mumbai
Decided on : Feb-17-1955
Reported in : [1956]29ITR471(Bom)
..... a partnership b and partnership c constitute three different businesses under the excess profits tax act the excess profits tax must be levied in respect of these three separate business upon the ..... partners of partnership b in order to avoid or reduce their liability under the excess profits tax act deliberately started a new partnership constituted by partnership c if that partnership already .....
Tag this Judgment! Ask ChatGPTN. M. Rayaloo Iyer and Sons Vs. Commissioner of Excess Profits Tax, Ma ...
Court : Chennai
Decided on : Apr-18-1955
Reported in : [1955]28ITR669(Mad)
..... and circumstances of the case the disallowance by the excess profits tax authorities of the commission paid to branch managers is ..... emoluments and conditions of service of the employee and the profits made by the assessee though the tribunal had detailed lists ..... commercial expediency under rule 12 of schedule i of the excess profits tax act the reasonableness of the expenditure should be judged .....
Tag this Judgment! Ask ChatGPTBrijmohan Lakshminarayan Vs. Commissioner of Excess Profits Tax, Bomba ...
Court : Mumbai
Decided on : Sep-15-1955
Reported in : [1956]30ITR350(Bom)
..... the position that the interest received on those securities could not be assessed to excess profits tax and the tribunal merely records its opinion that interest from government securities clearly stands ..... the position that the interest received on those securities could not be assessed to excess profits tax and the tribunal merely records its opinion that interest from government securities clearly .....
Tag this Judgment! Ask ChatGPTH.A. Shah and Co. Vs. Commissioner of Income-tax and Excess Profits Ta ...
Court : Mumbai
Decided on : Sep-13-1955
Reported in : [1956]30ITR618(Bom)
..... and rightly says is that these losses cannot be set off against subsequent profits by hiralal if in 1942 43 and 1943 44 and 1944 45 ..... the partner of the assessee firm and if the assessee firm has made profits for these years hiralal has lost the right of setting off the ..... losses of 1941 42 against those profits which right he would have had if in 1941 42 also the .....
Tag this Judgment! Ask ChatGPTH.A. Shah and Co. Vs. Commissioner of Income-tax and Excess Profits Ta ...
Court : Mumbai
Decided on : Sep-13-1955
Reported in : AIR1956Bom375; (1956)58BOMLR45; ILR1956Bom79
..... and rightly says is that these losses cannot be set off against subsequent profits by hiralal if is 1942 43 and 1943 44 and 1944 45 ..... the partner of the assessee firm and if the assessee firm has made profits for these years hiralal has lost the right of setting off the ..... losses of 1941 42 against those profits which right he would have if in 1941 42 also the tribunal .....
Tag this Judgment! Ask ChatGPTState of Madras Vs. Gurviah Naidu and Co. Ltd. and ors.
Court : Supreme Court of India
Decided on : Oct-28-1955
Reported in : AIR1956SC158; 1956CriLJ331
..... that if any work was carried on by any one of them with others the profits and losses arising out of that work would be divided amongst all the partners in ..... representative of the ferozepom am and that the effect of his agreement to share his profits and losses in the assessee firm with the other partners of the ferozepore firm was .....
Tag this Judgment! Ask ChatGPTM.K. Ranganathan and anr. Vs. Government of Madras and ors.
Court : Supreme Court of India
Decided on : Apr-20-1955
Reported in : AIR1955SC604; [1955]25CompCas344(SC); [1955]2SCR374
..... a beneficial legislation it can neither be allowed to be used as a source of profit nor as a windfall to the persons affected nor should it be punitive to the ..... of income of deceased deceased a businessmen return of income filed by deceased showing net profit of rs 42 996 except entries in current account of deceased and his transactions with .....
Tag this Judgment! Ask ChatGPTM. Ct. Muthiah and 2 ors. Vs. the Commissioner of Income-tax, Madras a ...
Court : Supreme Court of India
Decided on : Dec-20-1955
Reported in : AIR1956SC269; [1956]29ITR390(SC); [1955]2SCR1247
..... section 34 of the indian income tax act 1922 by the income tax and business profits tax amendment act 1948 and later by the indian income tax act 1954 indian penal .....
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