Profitable - Judgment Search Results

United Housing Foundation, Inc. Vs. Forman

Court: US Supreme Court

..... entrepreneurial or managerial efforts of others here neither of the kinds of profits traditionally associated with securities were offered to respondents instead as indicated in ..... bond debenture evidence of indebtedness certificate of interest or participation in any profit sharing agreement collateral trust certificate preorganization certificate or subscription transferable share investment .....

Commissioner of Income-tax Vs. Jalan Investment (P.) Ltd.

Court: Kolkata

Reported in: [1976]103ITR198(Cal)

..... distributed as dividends is judged by business considerations such as the previous losses the present profits the availability of surplus money and the reasonable requirements of the future and similar ..... he may include many items on notional basis but the commercial or accounting profits are the actual profits earned by an assessee calculated on commercial principles therefore the words smallness of .....

Reform Flour Mills (P.) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1978]111ITR852(Cal)

..... before the appellate assistant commissioner as follows rs profit as per profit loss a c 8 84 951add provision for ..... contention of the learned counsel that undistributed profits remain a mass of profits secret profits or fictitious payments which have been disallowed ..... as inflated for the purpose of ascertaining its commercial profits available for distribution relying on the principles enunciated in .....

ivan Allen Co. Vs. United States

Court: US Supreme Court

..... enter into the computation of the corporation s income and earnings and profits the corporation s readily marketable portfolio securities and their unrealized appreciation nonetheless ..... term security includes stocks bonds debentures certificates of interest or participation in profit sharing agreements collateral trust certificates investment contracts voting trust certificates fractional undivided .....

Braithwaite and Co. (India) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1978]111ITR825(Cal)

..... court also considered the explanation under rule 1 of the second schedule to the companies profits surtax act 1964 in thatcase the revenue sought to include an allocation for retirement ..... reserve loan redemption reserve reserve for the development rebate dividend reserve and reserve for super profits tax the asses see claimed that all the above appropriations should be computed as reserves .....

Duncan Brothers and Co. Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1978]111ITR885(Cal)

..... accountancy fairly well known provisions made against anticipated losses and contingencies are charges against profits and therefore to be taken into account against gross receipts in the p l ..... 38 as follows provisions made against anticipated losses and contingencies are charges against profits since the true profits can only be ascertained after such provisions are made whereas reserves are .....

Commissioner of Income-tax Vs. Dunlop Rubber Co. (i) Ltd.

Court: Kolkata

Reported in: [1977]107ITR182(Cal)

..... or unabsorbed depreciation to be carried forward which would affect the profits of the year under reference from the new unit 8 ..... industrial undertaking which fulfils all the following conditions namely 5 the profits or gains of an industrial undertaking or hotel to which ..... the undertaking the exemption cannot operate in respect of any profit derived by the assessee from any trade or business other .....

Dabros Industrial Co. (P.) Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1977]108ITR424(Cal)

..... assistant commissioner upheld the estimate of turnover as also the rate of profits as found by the income tax officer further appeal by the ..... commodities in the assessment year an overall turnover showing a gross profit at the rate of 6 3 was disclosed while in the ..... there was any evidence or material before the tribunal to estimate the profits it is not disputed that the books of account of the .....

Commissioner of Income-tax Vs. G.D. Kothari

Court: Kolkata

Reported in: [1977]110ITR691(Cal)

..... on securities general merchandise business motor parts business and commission agency the assessee maintained one profit and loss account in respect of all its business activities the assessee used to deposit ..... as business income that would be so because common interest mutual agency and division of profits are the essential conditions for the existence of a partnership and consequently the partners .....

Commissioner of Income-tax, Central Vs. Bird and Co. (P.) Ltd.

Court: Kolkata

Reported in: [1977]108ITR253(Cal)

..... tribunal was right in holding that having regard to the commercial profits a larger dividend than that declared by the company could ..... was right in holding that having regard to the commercial profits a larger dividend than that declared by the company could ..... held that the tribunal erred in considering only the commercial profits ignoring the capital loss incurred to that extent this question .....