Profitable - Judgment Search Results
Home > Cases Phrase: profitable Year: 1970 Page 1 of about 300 results (0.016 seconds)Sutlej Cotton Mills Ltd. Vs. Commissioner of Income-tax
Court: Kolkata
Decided on: Apr-29-1970
Reported in: [1971]81ITR641(Cal)
..... incidentally marks the importance of the concept of profit the profit has to be a business profit for that is the calculation that is ..... such trading operations he observed if by virtue of exchange operations profits are made during the course of business and in connection ..... could deduct the adverse differences in exchange in computing the profits the court held that the assessee was entitled to the .....
Tag this Judgment! Ask ChatGPTB. S. C. Footwear Ltd. Vs. Ridgway (inspector of Taxes).
Court: Kolkata
Decided on: Jan-23-1970
Reported in: [1970]77ITR857(Cal)
..... accounts should be prepared conservatively that the closing stock should not be overstated and the profits for the year thereby inflated the contrary practice only too often results in the investing ..... revenue commissioners in these words the ordinary principles of commercial accountancy require that in the profit and loss account of a merchants or manufacturers business the values of the stock in .....
Tag this Judgment! Ask ChatGPTHind Ceramics Ltd. Vs. Company Law Board and ors.
Court: Kolkata
Decided on: Aug-04-1970
Reported in: [1972]42CompCas610(Cal)
..... 3 if in any financial year a company has no profits or its profits are inadequate the company may subject to the approval of ..... it isstated that the company is expected to earn even higher profits in thesubsequent years and to be put on a sound financial ..... further facts disclosed in the affidavit in reply of further trading profits being earned in the subsequent years and of the accumulated losses .....
Tag this Judgment! Ask ChatGPTThe Hyderabad Asbestos Cement Products Limited and anr. Vs. the State ...
Court: Andhra Pradesh
Decided on: Apr-09-1970
Reported in: [1973]30STC26(AP)
..... definition of sale nor the definition of dealer indicated that a profit motive was not necessary business was not originally denned in the ..... as opposed to profession carried or as means of livelihood or profit the meaning of commerce as given by the same dictionary is ..... the legislature we think that under both parts of the definition profit motive is now immaterial and the concept of business in the .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax, West Bengal Ii Vs. Ukhara Estate Zamindari ...
Court: Kolkata
Decided on: Aug-13-1970
Reported in: AIR1971Cal125,[1971]82ITR103(Cal)
..... the business of taking leases and granting sub leases for profits and therefore the amounts of salami premia and compensation should ..... declared and paid it is clear that the assessee company makes profits and declares dividends a feature which distinguishes this reference from ..... for carrying on trade business or commerce and for earning profit apart from this basic concept of a company for the .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Indian Chamber of Commerce
Court: Kolkata
Decided on: May-29-1970
Reported in: [1971]81ITR147(Cal)
..... business normally a trade or business is always with profit or with profit motive though no doubt under some recent statutes as ..... the income tax officer that these activities were activities for profit and the income derived therefrom would constitute business income taxable ..... with the expression an organisation not established or conducted for profit under section 5 1 a of the rating and valuation .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Textile Machinery Corporation
Court: Kolkata
Decided on: Jul-09-1970
Reported in: [1971]80ITR428(Cal)
..... of an already existing business the tribunal also held that profits could be earned by the steel foundry division even though ..... of the requirements of section 15c is quantification of the profits derived from an industrial undertaking learned counsel for the ..... of the report was whether the assessee company while computing profits or gains derived from its newly established industrial undertaking which .....
Tag this Judgment! Ask ChatGPTFort Gloster Industries Ltd. Vs. Member, Board of Revenue
Court: Kolkata
Decided on: Apr-07-1970
Reported in: [1970]26STC141(Cal)
..... here had to bring in an amendment to include business without profit to override such decision by the west bengal taxation laws ..... may or may not be carried with the motive to make profit unless therefore the turnover relates to trade commerce manufacture adventure ..... concern then no further question of the motive for profit or not making a profit arises the basic test of trade commerce manufacture .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Tingri Tea Company Ltd.
Court: Kolkata
Decided on: Feb-25-1970
Reported in: [1971]79ITR294(Cal)
..... to foreign countries as a non resident company it has remitted profits from time to time to the united kingdom for the purpose ..... the reserve bank and the availability of funds and because the profits as and when earned were ploughed back into the business itself ..... on the business in india only by ploughing back its own profits without any remittance whatsoever the tribunal rejected the contention of the .....
Tag this Judgment! Ask ChatGPTThe Indian Iron and Steel Co. Ltd. Vs. Member, Board of Revenue
Court: Kolkata
Decided on: Dec-09-1970
Reported in: [1971]27STC373(Cal)
..... of selling goods in commercial sense with a view to earn profit 12 it appears therefore that the applicant did contend both ..... may or may not be carried with the motive to make profit unless therefore the turnover relates to trade commerce manufacture adventure ..... concern then no further question of the motive for profit or not making a profit arises the basic test of trade commerce manufacture .....
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