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Showing 81 to 84 of 84 Records
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1972 (10) TMI 4 - SUPREME COURT
sales tax collected by an auctioneer from buyers and not paid to the buyers or Govt. nor refunded to the owners of goods - Whether, the sum of ₹ 32,986 had been validly excluded from the assessee's business income for the relevant assessment year - We, therefore, agree with the High Court in so far as it has answered the question referred to it in the negative and against the appellant
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1972 (10) TMI 3 - SUPREME COURT
Whether the amount of Rs. 5,39,057 was rightly disallowed under rule 12(1) of the Schedule to the Excess Profits Tax Act - Whether the amount of Rs. 1,28,743 was rightly disallowed under rule 12(1) of Schedule I to the Excess Profits Tax Act - Excess Profits Tax Officer was perfectly justified in disallowing certain proportion which according to him was unreasonable and unnecessary having regard to the requirements of the business
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1972 (10) TMI 2 - SUPREME COURT
Wealth-tax paid for the shares held by the assessee can not be claimed as deduction in computing income from dividends and interest u/s 57(iii) - appeal is consequently dismissed
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1972 (10) TMI 1 - SUPREME COURT
Compensation paid for termination of the services of the managing agents was a payment made with a view to save business expenditure in the relevant accounting year as well as for a few more years. It was not made for acquiring any enduring benefit or income-yielding asset. We agree with the High Court that the Tribunal was right in its conclusion that the expenditure in question was a revenue expenditure
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