Profitable - Judgment Search Results

Parshuram D. Patil Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2006)103TTJ(Mum.)765

..... respectively in the fresh assessments the ao has taxed the profits as business profits in respect of these two plots of land at ..... this plot of land the ao has rightly taxed the profits as business profits the sale consideration has also been rightly adopted by the ..... whereas in the fresh block assessments they were assessed as business profits without any justification 24 on the other hand the learned .....

Deputy Commissioner of Vs. Roxon Oy

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)291ITR275(Mum.)

..... one of the contracting states has permanent establishment in the other contracting state all profits out of the transactions with the permanent establishment state whether routed through permanent establishment ..... or construction of industrial commercial or scientific equipment or public works the permanent establishment profits shall be determined only on the basis of that part of contract which is .....

Slocum Investment (P) Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (2006)101TTJ(Delhi)558

..... for the failure of the amalgamating company to distribute the statutorily prescribed portion of undistributed profits under section 104 of the act the proceedings could be initiated against the amalgamated ..... treatment of income like the predecessor being an industrial company or a company the profits of which are to be considered as speculative warranting special treatment secondly section 158bh .....

Smith (Fc) (Appellant) Vs. Secretary of State for Work and Pensions an ...

Court: House of Lords

..... usually prepared by professional accountants which will include all the items normally shown in a profit and loss account including depreciation but depreciation together with some other expenses such as the ..... point that either interpretation is possible as a matter of language the phrase total taxable profits is an ambiguous expression and as the commissioner observed either figure can easily be .....

Usv Ltd. Vs. Joint Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)106TTJ(Mum.)535

..... khed district ratnagiri a backward area in the state of maharashtra while computing the profits derived from the new industrial undertakings assessee claimed deduction under section 80hh including the ..... benefit or advantage except the advantage of enabling to conduct assessee s business more profitably by adopting techniques of manufacturing and marketing formulations of existing basic product while .....

Joint Commissioner of Income Tax, Vs. Usha Martine Industries Ltd.

Court: Income Tax Appellate Tribunal ITAT Kolkata

Reported in: (2007)104ITD249Cal

..... is being reproduced hereunder for the better convenience 1 reserves amounts set aside out of profits and other surpluses which are not designed to meet any liability contingency commitment or diminution ..... be described as accruals or accrued liabilities reserves are in effect part of the undistributed profits of the business and therefore part of the proprietorship whereas provisions and accruals are .....

Banswara Syntex Ltd. Vs. the A.C.i.T.

Court: Income Tax Appellate Tribunal ITAT Jodhpur

Reported in: (2007)108ITD48(Jodh.)

..... income so computed is less than 30 of the book profit then the profit and loss account of the company for the relevant previous ..... than seven and one half per cent of its book profit such book profit shall be deemed to be the total income of the ..... one of the adjustments is regarding deduction on account of export profit under section 80hhc according the assessing officer the eligible deduction under .....

Dresdner Bank Ag Vs. Additional Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2007)108ITD375(Mum.)

..... branch is viewed is to be treated as a profit centre the profits and losses earned by the indian branch have to ..... learned counsel these are self cancelling transactions and are resultantly profit neutral 27 in our humble understanding the proposition that intra ..... to be examined in a different perspectivethe perspective of ascertaining profits taxable in each such jurisdiction as also the perspective of .....

Joint Commissioner of Income Tax Vs. Global Calcium (P) Ltd.

Court: Income Tax Appellate Tribunal ITAT Chennai

Reported in: (2007)106TTJ(Chennai)179

..... was given relief under that section while courts have held that profits attributable to is wider than profits derived from profits attributable to an undertaking should be considered as part of the ..... can sell the sale consideration therefrom cannot in our view be held to constitute a profit and gain derived from the assessee s industrial undertaking learned counsel therefore very vehemently .....

Indian Plywood Mfg. Co. Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Mumbai

Reported in: (2006)100ITD318(Mum.)

..... this special bench has been constituted to consider the following question whether in determining the profits and gains of business or profession for purposes of section 32ab any amount withdrawn from ..... excise duty and rules therefore the assessee has written back the aforesaid amount to the profit and loss account similarly the government of karnataka demanded differential royalty in respect of the .....