Profitable - Judgment Search Results
Home > Cases Phrase: profitable Year: 1963 Page 1 of about 301 results (0.019 seconds)Rajputana Textiles (Agencies) Private Ltd. Vs. Das Gupta, Income-tax O ...
Court : Mumbai
Decided on : Jul-17-1963
Reported in : [1964]52ITR1(Bom)
..... mehta is justified because generally the same officer acts as income tax officer and excess profits tax officer in practice there are no fresh separate proceedings for ascertaining business income ..... 1940 passed writ filed challenging order of reassessment petitioner escaped payment of tax on business profits material available on record proved fact of escaped tax order of reassessment was based on .....
Tag this Judgment! Ask ChatGPTBirla Brothers (Private) Ltd. Vs. Commissioner of Income-tax (Central) ...
Court : Kolkata
Decided on : Jul-18-1963
Reported in : [1964]54ITR344(Cal)
..... company during the relevant accounting years for the purpose of determining its business profits or actual profits or accounting profits out of which dividends had to be declared there is no doubt ..... whether the national income that is capital expenditure formed a part of business profits or actual profits or accountable profits the parties proceeded on the footing that if the national income was .....
Tag this Judgment! Ask ChatGPTF. S. Securities Ltd. Vs. Inland Revenue Commissioners.
Court : Kolkata
Decided on : Mar-18-1963
Reported in : [1965]58ITR756(Cal)
..... these three companies were as the saying goes full of dividend that is of undistributed profit represented by liquid resources and the advantage of these purchases to their shareholders was ..... contended that the dividend must therefore be brought into the computation of the companys trading profits although originally the inland revenue had acquiesced in the companys contrary view during the argument .....
Tag this Judgment! Ask ChatGPTBarjor Hoshangji Vakil and ors. Vs. the Mettur Chemical and Industrial ...
Court : Chennai
Decided on : May-02-1963
Reported in : (1964)1MLJ325
..... depreciation if any and that dividend has been distributed from a profits of the aforesaid year 2 the first appellant was an assessee ..... in fact paid such a larger sum in truth represents the profit to which the shareholder has become entitled from the company 5 ..... the company is not bound to divide the entirety of its profits amongst its shareholders unless there is some provision in its memorandum .....
Tag this Judgment! Ask ChatGPTBirds Investments Ltd. Vs. Commissioner of Income-tax
Court : Kolkata
Decided on : Jul-23-1963
Reported in : [1965]35CompCas143(Cal),[1965]55ITR284(Cal)
..... initiate such an enquiry in the said documents the assessee did not disclose the profits in the profit and loss accounts it was explained by the company that it credited the whole ..... investments at september 1945 and reconciliation of capital reserve account the latter account showing the profit made on sale of titagarh paper and kurnardhubi engineering shares less losses incurred on redemption .....
Tag this Judgment! Ask ChatGPTShort Brothers (P.) Ltd. Vs. First Income-tax Officer, Salem.
Court : Chennai
Decided on : Oct-03-1963
Reported in : [1964]51ITR315(Mad)
..... the assets in the view that the excess so distributed did not represent the profits or accumulated profits the liquidator did not deduct tax on such distribution the income tax officer by ..... of april 1956 mr ramaswami learned counsel for the petitioner contends that the expression accumulated profits had a clearly understood connotation firstly he argues that capital gains of any description must .....
Tag this Judgment! Ask ChatGPTThe Commissioner of Income-tax Vs. Ari. Athi. V. Ramachandra Chettiar, ...
Court : Chennai
Decided on : Nov-12-1963
Reported in : (1964)1MLJ281
..... the modern name capitalisation shares if the articles of association empower the company can capitalise profits or reserves and issue fully paid shares of a nominal value equal to the amount ..... an investment company was carrying on business in india and it capitalised its accumulated undistributed profits and issued to its shareholders bonus debentures which were subsequently redeemed it was held that .....
Tag this Judgment! Ask ChatGPTBarjor Hoshangji Vakil and Others Vs. Mettur Chemical and Industrial C ...
Court : Chennai
Decided on : May-02-1963
Reported in : [1963]50ITR128(Mad)
..... depreciation if any and that dividend has been distributed from a profits of the aforesaid year the first appellant was an assessee under ..... dividend in fact paid such larger sum in truth represents the profit to which the shareholder has become entitled from the company ..... the company is not bound to divide the entirely of its profits amongst its shareholders unless there is some provision in its .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, Calcutta Vs. J. K. Eastern Industries (Pri ...
Court : Kolkata
Decided on : Jun-19-1963
Reported in : [1965]55ITR376(Cal)
..... respondent appealed against an assessment to income tax under schedule d in respect of his profit on the transaction the general commissioners found that the respondent had merely made an investment ..... on the part of the assessee company tantamounted to parting with a portion of the profit and therefore not deductible from the total income the appellate assistant commissioner upheld this decision .....
Tag this Judgment! Ask ChatGPTJivarajbhai Ujamshi Sheth and ors. Vs. Chintamanrao Balaji and ors.
Court : Supreme Court of India
Decided on : Nov-19-1963
Reported in : AIR1965SC214; [1964]5SCR480
..... in the business 6 other matters connected with these transactions 7 profit and loss account 8 the receipt and payments account of ..... this connection the appellants asked to see an account of gross profits for the past five years which the arbitrator ordered chintamanrao to ..... by the liabilities nothing remains except a very petty sum as profit to be carried over for addition to the goodwill the .....
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