Profitable - Year 1967 - Judgments

May 02 1967 (SC)

G. Ekambarappa and ors. Vs. Excess Profits Tax Officer, Bellary

Court: Supreme Court of India

Decided on: May-02-1967

Reported in: AIR1967SC1541; [1967]65ITR656(SC); [1967]3SCR864

..... the appellants to submit a return of the standard profit and the profits actually made during the chargable accounting period from october ..... are of the opinion that the liability to pay excess profits tax accrued immediately at the end of the chargeable ..... any proceedings for determining escaped income under section15 of excess profit tax act high court rejected contention on ground that though .....

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Sep 14 1967 (HC)

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

Court: Mumbai

Decided on: Sep-14-1967

Reported in: [1968]68ITR463(Bom)

..... debts 100 7 90 100 2 in its return for the excess profits tax for the chargeable accounting periods ended on 31st december 1943 31st ..... is in s c cambatta co pvt ltd v commissioner of excess profits tax the assessee s contention before the supreme court was that the ..... commissioner direct taxation goodwill sections 8 3 and 8 5 of excess profits tax act and section 66 1 of indian income tax act 1922 .....

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Jun 27 1967 (HC)

Indian Iron and Steel Co. Ltd. Vs. Commissioner of Income-tax West Ben ...

Court: Kolkata

Decided on: Jun-27-1967

Reported in: [1968]68ITR561(Cal)

..... territories or there is situation arising under section 42 there is profit in mining which is also capable of ascertainment if proper costing ..... when a sale or a commercial transaction which might result in profits takes place not of the commodity itself but of something into ..... it would not be correct use of language to designate the profit so apportioned and ascertained as attributable to each line of .....

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Mar 03 1967 (HC)

Birla Cotton Spinning and Weaving Mills Ltd. Vs. Commissioner of Incom ...

Court: Kolkata

Decided on: Mar-03-1967

Reported in: [1967]64ITR568(Cal)

..... trying concern and some third party which involves a consideration of the question whether the profits so ascertained were correctly ascertained the expense of further investigating the accounts is an ..... an unconstitutional piece of legislation which might ultimately result in consumption of the present profits in additional taxation on income escaped in the past and cripple its business activities .....

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Apr 27 1967 (HC)

The State of Madras by the Collector of Thanjavur Vs. Ramanatha Rao an ...

Court: Chennai

Decided on: Apr-27-1967

Reported in: (1968)2MLJ164

..... where an enquiry has been direct ed into past mesne profits that is profits accrued prior to the institution of the suit we ..... court fee the application was for determination of future mesne profits accrued pending suit under order 20 rule 12 civil procedure code this ..... that the application of the decreeholder for ascertainment of mesne profits when the appellate court directs such an enquiry is not .....

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Apr 29 1967 (HC)

Vanamamalai thevar and ors. Vs. Narayana Pillai

Court: Chennai

Decided on: Apr-29-1967

Reported in: (1968)2MLJ622

..... avoid multiplicity of suits the provision is in respect of profits pendente lite profits which would go with the relief of possession it ..... and the loss to her estate represents the claim for mesne profits what the defendants in wrongful possession received or might with ..... possession it has ordered in the decree that future mesne profits shall be determined by separate proceedings under order 20 rule .....

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Mar 01 1967 (HC)

Kanakaraj Vs. B.V. Sundararaja Iyer and anr.

Court: Chennai

Decided on: Mar-01-1967

Reported in: (1969)1MLJ456

..... possession of the mortgaged properties with an account for surplus profits alleging that the mortgagee had not paid any revenue which ..... liability sought to be enforced against the mortgagee for surplus profits received under section 76 of the transfer of property act ..... v bhirabendra narayan air1938cal563 where in a suit for mense profits this principle that the amount decreed could be sustained on .....

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May 02 1967 (HC)

Bajrangbali Engineering Co. Pvt. Ltd. Vs. Commissioner of Income-tax, ...

Court: Kolkata

Decided on: May-02-1967

Reported in: [1967]66ITR82(Cal)

..... the tribunal in adding back rs 65 000 to the profit the profit must be computed at 12 as claimed by the assessee ..... to the revenue although sales and purchases were properly vouched the profits could not be deduced there from correctly therefore it became ..... to this clarification that the tribunal was entitled to calculate the profits on the basis of their own arithmetical calculation of percentage as .....

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Jun 15 1967 (HC)

Commissioner of Income-tax, West Bengal Vs. West Bengal Mining Co.

Court: Kolkata

Decided on: Jun-15-1967

Reported in: [1968]67ITR292(Cal)

..... expenditure with the observation not allowable as being based on profit obviously in disallowing the claim the income tax officer had ..... proportion of or otherwise on the basis of any such profits or grains the appellate assistant commissioner before whom the ..... the contrary is made by parliament on the annual net profits from mines quarries tramways railways and other immovable property ascertained .....

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Nov 15 1967 (HC)

Commissioner of Income-tax Vs. Hind Construction Ltd.

Court: Kolkata

Decided on: Nov-15-1967

Reported in: [1970]78ITR664(Cal)

..... the transaction was entered into the taxability of the income or profit arising out of such transaction would depend upon the substantial ..... tax a potential futureadvantage and all it can tax is income profits and gains made in therelevant accounting year in the case ..... the market value which gave a fairer measure of assessable trading profit it is significant that the house of lords reached that .....

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