Profitable - Judgment Search Results
Home > Cases Phrase: profitable Year: 1992 Page 1 of about 300 results (0.021 seconds)V.V. Trans-investments (P.) Ltd. Vs. Income-tax Officer
Court: Income Tax Appellate Tribunal ITAT Hyderabad
Decided on: Mar-23-1992
Reported in: (1992)42ITD242(Hyd.)
..... counsel section 115j lays down that for arriving at book profit the profit is to be reduced by certain items specified in clause ..... 115j therefore based the definition of book profit on the net profit as per the profit and loss account prepared in accordance with ..... arrears of depreciation would have to be adjusted against the profits of the financial year before declaration of dividend arrears of .....
Tag this Judgment! Ask ChatGPTApollo Tyres Ltd. Vs. Deputy Commissioner of
Court: Income Tax Appellate Tribunal ITAT Cochin
Decided on: Jul-29-1992
Reported in: (1992)43ITD464(Coch.)
..... shri abraham the learned senior departmental representative submitted that the profit in the profit and loss account implies a comparison between the state ..... stretched to the extent of saying that the net profit in the profit and loss account was in accordance with the provisions ..... tax officer is justified in taking a different net profit as book profit for purpose of section 115j of the act 19 .....
Tag this Judgment! Ask ChatGPTSutlej Cotton Mills Ltd. Vs. Assistant Commissioner of
Court: Income Tax Appellate Tribunal ITAT Kolkata
Decided on: Oct-26-1992
Reported in: (1993)45ITD22(Kol.)
..... companies act since section 115j refers to book profit as the net profit shown in the profit and loss account for the relevant previous ..... assets or investments does not indicate the accrual of any profit because profit or loss will arise only on sale or disposal and ..... alternative contention of the revenue was that the expression book profit in section 115j cannot be confined to income from business .....
Tag this Judgment! Ask ChatGPTNational Engg. Co-ordination Vs. Assistant Commissioner of
Court: Income Tax Appellate Tribunal ITAT Pune
Decided on: Jul-30-1992
Reported in: (1992)43ITD612(Pune.)
..... assessee society was brought into existence the assessee society was established as a non profit voluntary organisation meant to subserve the interest of poultry farmers throughout india the activities ..... bulletins holding commercial and industrial exhibition running museums etc all of which resulted in profit mr ganesh therefore urged that the above decision given in entirely different context may .....
Tag this Judgment! Ask ChatGPTAdditional Income-tax Officer Vs. T. Mudduveerappa Sons
Court: Income Tax Appellate Tribunal ITAT
Decided on: Dec-23-1992
Reported in: (1993)45ITD12(Bang.)
..... significant details as the business which gave rise to the alleged secret profits the turnover the gross profit the net profit and the like nor has the department brought on record any independent ..... on record any evidence to prove conclusively that the seized documents contained details of secreted profits which are chargeable to tax it remains to be seen whether preponderance of probabilities .....
Tag this Judgment! Ask ChatGPTTor Steel Research Foundation Vs. Income-tax Officer
Court: Income Tax Appellate Tribunal ITAT Kolkata
Decided on: Apr-23-1992
Reported in: (1992)42ITD39(Kol.)
..... should not involve the carrying on of any activity for profit and that profit making is not taboo so far as accomplishment of the ..... not be correct to describe it as an activity for profit just because profit results the same sentiments were expressed by his lordship pathak ..... clear that the predominant object of the assessee is not profit making but profit is only used as a means to attain the object .....
Tag this Judgment! Ask ChatGPTEwac Alloys Ltd. Vs. Deputy Commissioner of
Court: Income Tax Appellate Tribunal ITAT Mumbai
Decided on: Mar-12-1992
Reported in: (1992)42ITD218(Mum.)
..... net interest interest paid less interest received is required to be deducted in computing the profits of the new industrial undertaking for the purposes of allowance of deduction under section 80 ..... the income however deduction under section 35 has not been reduced to arrive at the profit from the eligible business therefore the deduction is recomputed after reducing the capital expenditure allowed .....
Tag this Judgment! Ask ChatGPTLuxmi Tea Co. Ltd. Vs. Deputy Commissioner of
Court: Income Tax Appellate Tribunal ITAT Kolkata
Decided on: Jun-24-1992
Reported in: (1992)42ITD642(Kol.)
..... to change its accounting year he also noticed that the proforma profit and loss account for the 12 months ending 31 12 ..... the assessing officer cannot impose an impossible condition that the net profit for the changed accounting year should under no circumstances be less ..... unable to fathom the logic behind the condition in a proforma profit amp loss account naturally the assessee would not nor could be .....
Tag this Judgment! Ask ChatGPTCommissioner of Income Tax Vs. Hindustan Construction Company Ltd.
Court: Mumbai
Decided on: Nov-12-1992
Reported in: (1993)112CTR(Bom)83; [1995]211ITR535(Bom)
..... the relevant facts are that for the purposes of companies profits surtax act 1964 while computing the capital base under the ..... schedule to this act prescribes rules for computing chargeable profits in computing chargeable profits of a previous year the total income computed ..... the total income of the assessee in computing its chargeable profits the rule makes no reference to the assets actually earning .....
Tag this Judgment! Ask ChatGPTCommissioner of Income-tax Vs. Ace Builders Pvt. Ltd.
Court: Mumbai
Decided on: Nov-19-1992
Reported in: [1993]202ITR324(Bom)
..... the company it could enter into any agreement for sharing of profits union of interest joint ventures etc with any other business ..... the building and the assessee was entitled to the guaranteed profits which the builder was obliged under the agreement to pay ..... builder and referring to clause 9 thereof held that the guaranteed profits were scheduled to be paid in different instalments on different .....
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