Profitable - Judgment Search Results

National Litho Press Vs. Collector of Central Excise

Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in: (1997)(91)ELT140TriDel

..... arbitrary and directed the assistant collector to add 6 97 as margin of profit since this percentage of profit had been earned on bleaching powder tribunal observed that since the intermediate ..... products were not sold as such profit earned with reference to the finished product has to be taken into consideration while determining .....

Ram Piyare Satish Kumar and ors. Vs. Income Tax Officer

Court: Income Tax Appellate Tribunal ITAT Delhi

..... investment made for making such unrecorded purchases as well as in respect of unaccounted profit derived on such suppressed sales 3 b the learned representatives of both sides submitted ..... dealers appellants respondents submitted their revised returns in which reasonable and adequate amount of profit on such unrecorded transactions were included in conformity with such discussions the ao therefore .....

Parakh Foods Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Pune

Reported in: (1998)64ITD396(Pune.)

..... arrived at on commercial principles and ii that there is distinction between business profits ascertained on commercial profits and profits fixed by statute for its specified purpose it has been further held ..... statement which authorises the assessee to charge the entire expenditure on packing material to the profit and loss account without taking into account the valuation of the inventory of the .....

Assistant Commissioner of Income Vs. Smt. Subhadra Ravi Karunakaran

Court: Income Tax Appellate Tribunal ITAT Cochin

Reported in: (1998)66ITD353(Coch.)

..... the intention of the legislature was to allow deduction of the profits derived by the assessee from the export of specified goods ..... assessee did not consist exclusively of export of goods the profit derived from export activity could not be easily ascertained and ..... statutory contents specifies that the deduction is in respect of profits retained for export business sec 80hhc 1 further provides the .....

Vellore Electric Corporation Ltd. Etc. Vs. Commissioner of Income Tax.

Court: Supreme Court of India

Reported in: (1997)141CTR(SC)398

..... mean that the amounts appropriated to development reserve were not part of the real profit of the electricity company like contingencies reserve development reserve also belonged to the electricity ..... as regards the aspect emerging from the expression attributable to occurring in the phrase profits and gains attributable to the business of the specified industry here generation and distribution .....

Duraisamy Vs. S. Simon

Court: Chennai

Reported in: (1998)1MLJ51

..... rule 18 civil procedure code prohibits the court from issuing directions regarding an enquiry into the mesne profits after the stage of preliminary decree in the present case as already indicated the ..... question involved in the abovesaid case was whether the court was precluded from granting mesne profits in the final decree when the preliminary decree does not mention any specific direction .....

Premier Automobiles Ltd. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1997)63ITD418(Mum.)

..... loss account while computing the total income assessee had excluded four items from the profit as per profit amp loss account for separate consideration however assessee gave the computation of income in ..... slump sale in the return of income since the assessee had included the aforementioned profit in the profit amp loss account and no reasons had been assigned for excluding it from the .....

Camps Newfound/Owatonna, Inc. Vs. Town of Harrison

Court: US Supreme Court

..... legislative objectives are credibly advanced and there is no patent discrimination 583 a profit making entity the discriminatory tax exemption would be impermissible v the unresolved question ..... organization claiming exemption is not entitled to receive directly or indirectly any pecuniary profit from the operation of that organization excepting reasonable compensation for services in effecting .....

Commissioner of Income-tax Vs. Leign Bazar Merchants Association Ltd.

Court: Chennai

Reported in: [1999]235ITR367(Mad)

..... inbuilt prohibition the assessee being a company can distribute entire profits among the members in support of his proposition learned ..... there are prohibitions or inherent restrictions against the distribution of profits among its members the assessee s claim for exemption ..... afresh whether there is a legal obligation against distribution of profits amongst the members of the assessee however in the .....

Vellore Electric Corporation Ltd. Vs. Commissioner of Income Tax, Madr ...

Court: Supreme Court of India

Reported in: [1997]227ITR557(SC); JT1997(6)SC413; 1997(4)SCALE627; (1997)6SCC705; [1997]Supp1SCR586

..... mean that the amounts appropriated to development reserve were not part of the real profit of the electricity company like contingencies reserve development reserve also belonged to the electricity ..... as regards the aspect emerging from the expression attributable to occurring in the phrase profits and gains attributable to the business of the specified industry here generation and distribution .....