Profitable - Judgment Search Results

Commissioner of Excess Profits Tax, Madras Vs. N.M. Rayaloo Iyer and S ...

Court: Supreme Court of India

Reported in: AIR1961SC692; [1961]41ITR671(SC); [1961]3SCR60

..... at the rate of 12 1 2 on the net profits the excess profits tax paid by the assessees was to be taken into ..... mills ltd 1 the high court observed that in computing net profits excess profits tax could not be deducted but on the materials on the ..... purpose of the business taking into account these circumstances the excess profits tax officer held that the remuneration paid to the employees was .....

R.G.S. Naidu and Co. Vs. Commissioner of Income-tax and Excess Profits ...

Court: Supreme Court of India

Reported in: AIR1961SC1007; [1961]41ITR693(SC); [1961]3SCR271

..... performance of a contract extends beyond the accounting period there shall unless the excess profits tax officer doing to any special circumstances otherwise directs be attributed to the accounting ..... tax officer was therefore obliged to apportion to the chargeable accounting periods the entire profits resulting from the complete performance of the contract in proportions properly attributable to the .....

Shoorji Vallabhdas and Co., Bombay Vs. the Commissioner of Income-tax/ ...

Court: Supreme Court of India

Reported in: AIR1960SC1162; (1961)63BOMLR201; [1960]39ITR775(SC); [1960]3SCR557

..... 1945 1946 and 1946 1947 respectively the appellant was likewise assessed to excess profits tax under the excess profits tax act 1940 for the respective chargeable accounting periods which were also three ..... question as to the managed companies the income tax authorities accepted the position that the profits of the three managed companies partly accrued in british india and partly in the indian .....

Indian Woollen Textile Mills Vs. Commissioner of Excess Profits Tax, P ...

Court: Punjab and Haryana

Reported in: AIR1960P& H582; [1960]39ITR289(P& H)

..... tax assessments and those assessments having been quashed the excess profits tax assessments also fell with them this contention did not ..... in connection with the income tax assessments and the excess profits tax assessments were not rendered invalid merely because the income ..... thereupon made four applications under s 21 of the excess profits tax act for referring certain questions of law arising in .....

Commissioner of Income-tax/Excess Profits Tax, Bombay City Vs. Shamshe ...

Court: Supreme Court of India

Reported in: AIR1961SC98; [1960]39ITR90(SC)

..... express terms and this was computed at two years loss of profits why was loss of business claimed clearly because the business would ..... of compulsory vacation of premises from such vacation a loss of profit might reasonably be presumed the tribunal does not mention any loss ..... our view the sum was received a compensation for loss of profits for the period during which it was imagined the respondent s .....

Qamar Shaffi Tyabji Vs. the Commissioner, Excess Profits Tax, Hyderaba ...

Court: Supreme Court of India

Reported in: AIR1960SC1269; [1960]39ITR611(SC); [1960]3SCR546

..... commission and allowance of the appellant 7 before the excess profits tax authorities the appellant contended that he was only an ..... derived from business and therefore not liable to excess profits tax the excess profits tax authorities negatived this contention and as required by ..... by him as remuneration and commission was liable to excess profits tax indian evidence act 1872 sections 113 a 113 b .....

S.C. Cambatta and Co. Private Ltd. Vs. Commissioner of Excess Profits ...

Court: Supreme Court of India

Reported in: AIR1961SC1010; [1961]41ITR500(SC); [1961]2SCR805

..... private ltd bombay have filed these appeals and the commissioner of excess profits tax bombay is the respondent 2 we are concerned in these ..... 66 1 and 66 2 read with section 21 of the excess profits tax act were respectively rejected by the tribunal and the high ..... 776 of 1957 allowed other taxes goodwill section 8 3 of excess profit tax act 1940 appeal against order of high court challenging method .....

G. Manavala Naidu Vs. Commissioner of Income-tax/Excess Profits Tax, M ...

Court: Chennai

Reported in: [1961]41ITR725(Mad)

rajagopalan j the first question relates to the assessment year 1943 44 the previous year for which ended on march...

Abbott Vs. PhilbIn (inspector of Taxes)

Court: House of Lords

..... giving a servant a right to a share of the profits when profits rise and giving him a right to take up new ..... schedule e in respect of all salaries fees wages perquisites or profits whatsoever therefrom for the year of assessment summarily the question is ..... is payable in respect of all salaries fees wages perquisites or profits whatsoever therefrom for the year of assessment after deducting the amount .....

O. Rm. Sp. Sv. Firm Vs. Commissioner of Income-tax, Madras.

Court: Chennai

Reported in: [1960]39ITR327(Mad)

..... and is further emphasized by the definition of profits in section 2 16 of the business profits tax act section 2 16 defines profits profits means profits as determined in accordance with schedule i we ..... or any profession or vocation and section 2 16 of the business profits tax act should have run profits means profits from a business without any further reference to the mode of computation .....