Profitable - Judgment Search Results

Massachusetts Trustees Vs. United States

Court: US Supreme Court

..... conflicted with the statutory mandate of 709 a for calendar year accounting of statutory profits and that the commission abused its termination privilege by threatening to terminate the charter ..... only basis for assessing the highest monthly charter hire individual bidders did not propose profit sharing arrangements under such a system the primary reliance against rates unreasonably favorable to .....

Commissioner of Income-tax (Central), Calcutta Vs. Union Company Ltd.

Court: Kolkata

Reported in: [1966]59ITR483(Cal)

..... as follows according to the tribunal the assessees accounting profit or commercial profit for the year of account was rs 1 06 ..... that a company can distribute dividend only out of its profits although capital profits also may in certain cases be distributable as dividend ..... this purpose he must take into account only the distributable profits and deduct therefrom the tax liability of the company on .....

imperial Chemical Industries (India) Private Ltd. Vs. Commissioner of ...

Court: Kolkata

Reported in: [1965]58ITR649(Cal)

..... assessment years 1949 50 to 1952 53 respectively were not admissible deductions against the assessees profits and accordingly disallowed the amounts he therefore held that the assessee was entitled to the ..... principles of taxability and very often the doctrine of accrual of income or profits or subsequent application of profits create difficult situations on the facts and circumstances of a case to .....

Commissioner of Income-tax,madras Vs. Express Newspapers Ltd., Madras

Court: Supreme Court of India

Reported in: AIR1965SC33; [1964]53ITR250(SC); [1964]8SCR189

..... during theaccounting year it brings in to charge the escaped profits under the guise ofsuperfluous allowances if the machinery sold was ..... an assessee under thehead capital gains in respect of any profits or gains arising fromthe sale exchange relinquishment or transfer of ..... and the 6th head is capital gains section 10 taxesthe profits and gains of a business profession or vocation carried on .....

Standard Mills Co. Ltd. Vs. M. Ramalingam and anr.

Court: Supreme Court of India

Reported in: [1966]60ITR46(SC)

..... distributing rs 11 68 000 as dividend had utilised the undistributed profits of the previous year held admissible to rebate the company ..... that in his opinion the dividends had come out of the profits of the earlier year represented by undervaluation of the opening ..... raised a controversial question of fact viz whether any undistributed profits of the account year 1951 on which income tax rebate .....

Commissioner of Income-tax (Central) Vs. Standard Vacuum Oil Co. Ltd.

Court: Kolkata

Reported in: AIR1967Cal68

..... with the business of the principal did not make the profits the profits belonged to some one else and it was the misfortune ..... have to be taken into account for the computation of the profits or gains the specification is however not exhaustive and clause ..... urging that the expenditure was incurred for the purpose of earning profits the schedule merely provides for cases where the legislature thought .....

Commissioner of Income-tax(Central), Calcutta Vs. Standard Vacuum Oil ...

Court: Kolkata

Reported in: [1965]57ITR384(Cal)

..... with the business of the principal did not make the profits the profits belonged to some one else and it was the misfortune ..... have to be taken into account for the computation of the profits or gains the specification is however not exhaustive and clause ..... urging that the expenditure was incurred for the purposes of earning profits the schedule merely provides for cases where the legislature though .....

B. W. Nobes and Co. Ltd. Vs. Inland Revenue Commissioners.

Court: Kolkata

Reported in: [1965]58ITR63(Cal)

..... not prevent him as against the crown pointing to those profits as profits brought into charge to tax and so entitling him to ..... treated as though paid out of the accumulated balance of taxed profits remaining over from previous years and thus exempt from tax like ..... according to its books the dividends were paid out of current profits whereas the annual payments were made out of current capital receipts .....

Southern Railway Co. Vs. North Carolina

Court: US Supreme Court

..... states supra transit comm n v united states 284 u s 360 rather freight profits and overall profits are merely factors to be considered by the commission in determining whether the ..... showing that the intrastate passenger deficit is not lower than the interstate or concerning the profitableness of or circumstances surrounding segments of intrastate operations with which the commission was not .....

Rampur Distillery and Chemical Works Ltd. Vs. Commissioner of Income-t ...

Court: Allahabad

Reported in: [1965]55ITR338(All)

..... the controversy is about the depreciation to be allowed to the assessee when determining its profits and gains from the business of manufacturing alcohol and other spirits for the assessment years ..... the business during proceedings for assessment of income tax in earlier years as the assessees profits and gains from the business had never been computed previously and therefore no depreciation had .....