Profitable - Judgment Search Results

Raymond B. Yates, M. D., P. C. Profit Sharing Plan Vs. Hendon

Court: US Supreme Court

..... corporation maintained the raymond b yates m d p c profit sharing plan profit sharing plan or plan for which yates was the ..... sole shareholder and president of a professional corporation that maintained a profit sharing plan plan from the plan s inception at least ..... circuit s determination that yates was not a participant in the profit sharing plan for erisa purposes obviated the question whether had .....

Lalsons Enterprises Vs. Dcit

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2004)89ITD25(Delhi)

..... assessee was able to claim deduction with reference to even a portion of the domestic profits namely profits derived on sale of the products in the domestic market on the strength of ..... quantum of deduction under section 80hhc of the act would have been computed as follows profits from manufactured business x export turnover of manufacturing business total turnover of manufacturing business 1050x200 .....

Mangalya Trading and Investment Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2005)94TTJ(Mum.)526

..... and envisages additional deduction for export incentives the export incentives are first excluded from the profits of the business by expln baa to section 80hhc which only shows that export ..... which is entitled to the additional benefit contemplated by the proviso by further increasing the profits derived from the export by export incentives this position is again reiterated through the first .....

Alstom Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Chennai

Reported in: (2005)95TTJ(Chennai)139

..... be proportionately distributed to respective industrial undertaking for the purpose of computing eligible profit for deduction under sections 80hh and 80 i 10 the learned departmental representative ..... same expenditure relating to each industrial undertaking should be deducted while computing eligible profit of each industrial undertaking therefore in our view section 80ab mandatorily compels the .....

Skyland Builders P. Ltd. Vs. I.T.O.

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2004)91ITD392(Delhi)

..... referred to section 2 12 of the code of civil procedure which defines mesne profit means those profits which the person in wrongful possession of such property actually received or might with ..... remaining grounds of appeal with regard to disallowance of expenses incurred and reflected in the profit and loss account for the purpose of business and disallowance of repair and maintenance expenses .....

Vijay Solvex Ltd. Vs. Assistant Commissioner of

Court: Income Tax Appellate Tribunal ITAT Jaipur

Reported in: (2005)92ITD24(JP.)

..... that the deductions under sections 80hh and 80 i are to be allowed out of profits and gains of the industrial undertakings without deducting therefrom the depreciation unabsorbed losses unabsorbed ..... the purpose of declaration of dividends as per section 205 as also for determining net profits under section 349 for computing the managerial remuneration further for purposes of companies act .....

Winsome Textiles Industries Ltd. Vs. Union of India (Uoi) and ors.

Court: Punjab and Haryana

Reported in: (2005)199CTR(P& H)466; [2005]278ITR470(P& H)

..... 18 2000 wherein various additions disallowances were made to the profit as per profit and loss account and the income was determined at ..... as given in the return is reproduced below rs rs profit as per profit and loss account 5 90 42 435add i depreciation ..... to be the only source of income iii profits derived from industrial undertaking profits derived from industrial undertaking only are eligible for .....

Jindal Exports Ltd. Vs. Ito

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2005)2SOT7(Delhi)

..... a or 3 b in arriving at the figure of positive profit both the profits and the losses will have to be considered if the ..... the loss in one of these two export activities against the profit arising in the other can arise therefore mr prahlad singh the ..... an additional deduction for export incentives they are first excluded from the profits of the business by explanation baa this only shows that export .....

National Hydroelectric Power Corporation Limited Vs. C.i.T., Faridabad

Court: Authority for Advance Rulings

..... less than seven and one half percent of this book profit such book profit shall be deemed to be total income of the ..... ii the accounting standards adopted for preparing such accounts including profit and loss account iii the method and rates adopted for ..... policies ii the accounting standards adopted for preparing such accounts including profit and loss account iii the method and rates adopted for .....

Britannia Industries Ltd. Vs. Joint Commissioner of Income-tax and ors ...

Court: Kolkata

Reported in: (2005)193CTR(Cal)26,[2004]271ITR123(Cal)

..... eligibility of business or profession for deduction 6 the legislature had designedly used the expression profits and gains of business and profession in section 32ab the words income and total income ..... the assessee company from its investment in the uti should be included in computing the profits of eligible business under section 32ab of the act conclusion while applying a particular provision .....