Profitable - Judgment Search Results

Amerada Hess Vs. Div. of Taxation

Court: US Supreme Court

..... industry since it generally excludes any federal tax on or measured by income or profits including the nationwide federal income tax moreover appellants concede that no discriminatory motive underlies ..... appellants nonetheless claim that the add back provision by denying a deduction for windfall profit tax payments discriminates against oil producers who market their oil in favor of independent .....

U.S. Vs. Goodyear Tire

Court: US Supreme Court

..... corporation be deemed to have paid the same proportion of any income war profits or excess profits taxes paid or deemed to be paid by such foreign corporation to any ..... foreign subsidiaries over companies operating through unincorporated branches thus no definitional approach to accumulated profits uniformly and unqualifiedly satisfies the dual purposes underlying the indirect credit c we nonetheless .....

Commissioner of Income-tax Vs. Hindustan Gum and Chemicals Ltd.

Court: Kolkata

Reported in: [1990]182ITR396(Cal)

..... in the circumstances of the case rule 4 of the second schedule to the companies profits surtax act 1964 is applicable for proportionately reducing the capital apportionable to dividend deduction under ..... decision of the supreme court held that even for purposes of determining the chargeable profits under the companies profits surtax act the gross amount of dividend should be excluded from the total .....

Som Datt Builders (P.) Ltd. Vs. Income-tax Officer

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (1989)29ITD495(Kol.)

..... 263 erroneous and prejudicial order deduction under s 80hhb by calculating 25 per cent of profits from overseas projects assessing officer s order allowed the deduction under section 80hhb by ..... and the question was whether in computing the deduction of twenty per cent of the profits and gains from newly industrial undertakings in backward areas unabsorbed depreciation or unabsorbed development .....

institute of Marketing Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1990)32ITD616(Delhi)

..... 6 210 which projected that the primary purpose was to earn profits like any recruiting agency and accordingly income from such activity ..... a systematic organised activity with the said purpose of earning profit there is no such activity here attention is invited to ..... the words not involving the carrying on of any activity for profit we cannot accept such a construction which emasculate these last .....

P. Narasamma and anr. Vs. K.S. Govinda Mudaliar

Court: Chennai

Reported in: (1991)2MLJ436

..... this application was filed an order was made by the court directing ascertainment of mesne profits and a commissioner was appointed therefor later the commissioner was relieved of his responsibility and ..... the improvements madeby the respondent should have been taken into account before fixing the mesne profits this contention is not acceptable for the simple reason that the question of improvement .....

Ganesh Properties Pvt. Limited Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1993]202ITR434(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 ..... income tax officer cannot take into consideration any circumstances other than losses and smallness of profits this argument ignores the expression having regard to that precedes the said words 13 .....

Commissioner of Income-tax Vs. Justice R.M. Datta

Court: Kolkata

Reported in: [1989]180ITR86(Cal)

..... chargeable under the computation section corresponding to that head income which comes under the head profits and gains of business profession or vocation that is professional income can be brought to ..... assumption of a further fiction treating the receipts as the income chargeable under the head profits and gains of business profession or vocation wherever parliament has intended to introduce such a .....

Jaipur Udhyog Ltd. Vs. Commissioner of Income-tax

Court: Rajasthan

Reported in: (1990)85CTR(Raj)68; [1992]198ITR282(Raj)

..... of section 15c of the old act the term profit means taxable profit viz the profit as arrived at after making deductionspermissible under the ..... held that the authorities below were right in adopting the profit as per profit and loss account of the assessee without adding back ..... 1962 was rightly taken by the tribunal to signify profits as per profit and loss account of the assessee without adding back .....

Commissioner of Income-tax Vs. Swedish East Asia Co. Ltd.

Court: Kolkata

Reported in: (1992)94CTR(Cal)106,[1992]193ITR608(Cal)

..... various subsections of section 10 for whatever reasons if the income profits or gains is not includible in the total income of a ..... the total income bear to the total amount of its income profits an gains according to the tribunal the commissioner of income tax ..... thousand whichever is greater therefore in order to calculate the chargeable profits of a company it is necessary to find out the quantum .....