Maintainable Profits - Definition - Law Dictionary Home Dictionary Definition maintainable-profits

Definition :

Maintainable profits, The 'maintainable profits' would be a certain percentage (say 80%) of the net profits of the company after deduction of taxes payable by it and this would be a measure of potential yield per share, Commissioner of Wealth Tax v. Mahadeo Jalan, AIR 1973 SC 1023: (1973) 3 SCC 157: (1973) 2 SCR 215.