Profitable - Judgment Search Results

A-one Cycles Ltd. Vs. Asstt. Cit Vs. J.H. Gotla (1985) 156 Itr 323 (Sc ...

Court: Income Tax Appellate Tribunal ITAT Delhi

..... automobile ancillaries another priority industry the assessee was entitled to a deduction on the entire profit of the automobile parts industry included in the total income without deducting therefrom the ..... manufacturer that supporting manufacturers are also entitled to hundred per cent exemption on export profits as was available for the direct exporters the export incentives in the shape of .....

Shanti Devi Progressive Vs. Assistant Director of Income-tax

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1999)68ITD1(Delhi)

..... the object of general public utility is to subserve the charitable purpose or to earn profit where profit making is the predominant object of the activity the purpose though an object of ..... colleges and other educational institutions 2 to print publish edit issue or exhibit without any profit motive any literature books journals magazines and other reading materials for the promotion and advancement .....

i.T.C. Ltd. Vs. Commissioner of Central Excise

Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi

Reported in: (1998)(62)ECC591

..... into consideration certain features in the market retailers association in bombay was insisting on 15 profit retailers in gujarat and remaining part of maharashtra were classified into two classes in certain ..... gvpp if this process does not give rise to the preferred best fit between divisional profit target and divisional volume share objective marketing department repeats the exercise in respect of .....

Tata Yodogwa Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Patna

Reported in: (1998)67ITD174(Pat.)

..... dividend income should be excluded while computing the income from the profits of eligible business or profession thus there is no need ..... deduction is not the same as the income from business such profits for the purpose of investment deposit will have to be ..... profession under the it act they would not constitute part of the profits of business or profession for the purpose of computation of deduction .....

Smt. T.C. Usha Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Cochin

Reported in: (1999)70ITD279(Coch.)

..... for business purposes according to the learned representative the deposits originated from the business profit and hence the interest received on the term deposits had a direct nexus with ..... interest the learned departmental representative submitted that under s 80hhc deduction is allowable only on profit derived from the export of specified goods and merchandise he further stated that apart .....

Assistant Commissioner of Income Vs. Pratibha Syntex Itd.

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (1999)63TTJ(Ahd.)409

..... been extensively used with reference to adjusted export turnover adjusted profit of the business and 1 adjusted total turnover but the ..... two conditions mandatorily i that the assessee must have positive profits from the export business and ii that the total income ..... into consideration explanation baa of the section thus if the profits from business are a negative figure there is no question .....

Eastern Leather Products (P.) Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1999)68ITD358(Delhi)

..... have been maintained separately the assessee company has also drawn the manufacturing trading account profit amp loss account balance sheet of the leather division separately and its accounts have ..... ancillaries another priority industry the assessee was entitled to a deduction on the entire profit of the automobile parts industry included in the total income without deducting therefrom the .....

National Health and Education Vs. Assistant Director of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1999)70ITD330(Mum.)

..... because the section requires that the hospital or institution should not exist for purposes of profit and that though the expression is popularly used its legal connotation was not properly ..... provisions the condition is that the institution claiming exemption should not exist for purposes of profit in cit vs economic amp entrepreneurship development foundation 1991 188 itr 540 cal the calcutta .....

Assessing Officer Vs. Pooja Construction Co.

Court: Income Tax Appellate Tribunal ITAT Amritsar

Reported in: (1999)69ITD147(Asr.)

..... advantage of depreciation as discussed already and some contractors debit various items which relate to profit amp loss or trading account expenditure and claimed 100 of depreciation this method creates an ..... abnormal situation in the net profit the assessing officer had therefore taken a proper course by ignoring depreciation and the .....

Kantilal Chhotalal Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (1999)68ITD395(Mum.)

..... receipts mentioned in the clause and included in such profits i e profits and gains of business thus receipts to be deducted ..... any other receipt of a similar nature included in profits and 2 the profits of any branch office warehouse or any other establishment ..... 403 in the assessment and in the computation of business profit the expenditure specifically claimed against the receipt have been allowed .....