Profitable - Judgment Search Results
Home > Cases Phrase: profitable Year: 2003 Page 1 of about 300 results (0.036 seconds)Deputy Commissioner of Income Tax Vs. Govind Rubber (P) Ltd.
Court: Income Tax Appellate Tribunal ITAT Mumbai
Decided on: Jan-29-2003
Reported in: (2004)89ITD457(Mum.)
..... defines as to what is meant by the book profit book profit means the net profit as shown in the p amp l a c ..... exemption which was to be allowed in respect of export profits and the profits from tourism related industry it was also stated therein that ..... clear that the amounts which are attributable to a business the profits of which are eligible for deduction under section 80hhc are deductible .....
Tag this Judgment! Ask ChatGPTBhagyoday Investments (P) Ltd. Vs. Asstt. Cgt
Court: Income Tax Appellate Tribunal ITAT Chandigarh
Decided on: Aug-07-2003
Reported in: (2004)90ITD57(Chd.)
..... reserve was distributed among the partners including the new partners besides interest and share of profits were also credited considering the extent of share capital introduced the assessing officer found ..... without adequate consideration however in a case where the firm has been making substantial profits and commands substantial goodwill and other assets whose fair market value exceeds far above .....
Tag this Judgment! Ask ChatGPTSushil Kumar and Co. Vs. Joint Commissioner of Income Tax
Court: Income Tax Appellate Tribunal ITAT Kolkata
Decided on: Aug-14-2003
Reported in: (2004)267ITR61(Kol.)
..... defined in the law lexicon 2nd edition at p 1225 as under mesne profits intermediate profits the profits or other pecuniary benefits which one who dispossesses the true owner receives between disseizin ..... licensee on account of any wrongful possession had the licensee by wrongful possession earned profit or the profits which might have with ordinary diligence been received by the licensee the amount .....
Tag this Judgment! Ask ChatGPTBhagyoday Investments Pvt. Ltd. Vs. A.C.G.T. [Alongwith G.T.A. Nos.
Court: Income Tax Appellate Tribunal ITAT Chandigarh
Decided on: Aug-01-2003
Reported in: (2004)84TTJ(Chd.)309
..... gift without adequate consideration however in a case where the firm has been making substantial profits and commands substantial goodwill and other assets whose fair market value exceeds far above the ..... assessees had initially agreed later the assessees had retracted but conceded that reduced share of profit in the investment allowance reserve in favour of the minor children admitted to the benefits .....
Tag this Judgment! Ask ChatGPTMalwa Cotton Spinning Mills Vs. Asstt. Commissioner of
Court: Income Tax Appellate Tribunal ITAT Chandigarh
Decided on: Dec-10-2003
Reported in: (2004)89ITD65(Chd.)
..... foreign exchange for the country this provision is therefore liable to be construed liberally the profits of business are to be multiplied by fraction of export turnover total turnover when items ..... in mixed cc account wherefrom withdrawals were made and amounts utillised for different purposes the profit of rs 18 42 crores was embedded in combined financial transactions on application of principles .....
Tag this Judgment! Ask ChatGPTSushil Kumar and Co. Vs. Joint Commissioner of Income-tax
Court: Income Tax Appellate Tribunal ITAT Kolkata
Decided on: Aug-14-2003
Reported in: (2004)88ITD35Cal
..... defined in the law lexicon 2nd edition at page 1225 as under mesne profits intermediate profits the profits or other pecuniary benefits which one who dispossesses the true owner receives between disseizin ..... on account of any wrongful possession had the licensee by wrongful possession earned profit or the profits which might have with ordinary diligence been received by the licensee the amount .....
Tag this Judgment! Ask ChatGPTHitkari Fibres Ltd. Vs. the Jt. Commr. of Income-tax, Spl.
Court: Income Tax Appellate Tribunal ITAT Mumbai
Decided on: May-26-2003
Reported in: (2004)90ITD654(Mum.)
..... the other hand only amounts representing provision in respect of unascertained liabilities if debited to profit and loss account will be added back the learned counsel contended that the very ..... wanted to deny debit of items representing unascertained liabilities in the computation of adjusted book profits the learned counsel further pointed out that clause i and subsequent clause of the explanation .....
Tag this Judgment! Ask ChatGPTThe Dy. Commissioner of Income Vs. Sterling Steels and Wire Ltd., Now
Court: Income Tax Appellate Tribunal ITAT Amritsar
Decided on: Dec-30-2003
Reported in: (2004)91ITD564(Asr.)
..... rs 25409727 namely the amount transferred from revaluation reserve to the credit side of the profit and loss appropriation account is in accordance with the requirement of explanation to section 115j ..... reserve there is no question of reducing the amount transferred from revaluation reserve to the profit and loss appropriation account as per the interpretation of the said clause i of explanation .....
Tag this Judgment! Ask ChatGPTMalwa Cotton Spinning Mills Vs. Asstt. Cit
Court: Income Tax Appellate Tribunal ITAT Chandigarh
Decided on: Dec-10-2003
Reported in: (2004)83TTJ(Chd.)72
..... on interest but the amount should be treated to have been given out of cash profits generated during the year under consideration the learned departmental representative placed reliance on the ..... president the aforesaid facts clearly establish the fact that the assessees own capital current years profits were substantially more than the advances given to these three sister concerns which proves the .....
Tag this Judgment! Ask ChatGPTMax India Ltd. Vs. Asstt. Cit
Court: Income Tax Appellate Tribunal ITAT Amritsar
Decided on: Aug-01-2003
Reported in: (2004)90TTJ(Asr.)670
..... three clauses of sub section 3 use the word profit the word profit denotes a surplus and not a deficit and accordingly ..... 80hhc 3 alongwith the proviso appended thereto consistently speak of profits the word profit is understood and known in the common parlance as ..... commissioner made the observation that the interpretation of the word profit referred by the assessee was not correct according to him .....
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