DEEPTI PANDEY D/O SANTOSH PANDEY, AGED
ABOUT 27 YEARS, OCCUPATION: VOCATIONAL
TRAINER, GIRLS HIGHER SECONDARY
SCHOOL, BIJAWAR PANDEY COLONY,
BIJAWAR, DISTRICT CHHATARPUR ... GUPTA D/O SHRI SANTOSH KUMAR
GUPTA, AGED ABOUT 27 YEARS, OCCUPATION:
VOCATIONAL TRAINER, GOVT. GIRLS HIGHER
SECONDARY SCHOOL, NAUGAON, HARIHAR
ROAD, HARPALPUR, DISTRICT CHHATARPUR
bought to be set of; and (iii) the
713
business, profession or vocation against the profits of
which set off 18 claimed not be carried ... fulfilled under
section 24(2) of 1922 Act, firstly, business, profession or
vocation must be carried on by him in that year and
secondly, that
consultation with the State Governments
and other concerned parties, National Council for Vocational
2
Training (NCVT) was set up in the year ... craftsmen, prescribing
standards and curriculum for craftsmen training in the
technical and vocational trades throughout the country and
advising and assisting the Central Government
expressly refers to loss,- 'in any
business, profession or vocation'. It does not cover a
capital loss under the head 'capital gains ... Income from property.
(iv)Profits and gains of business, profession or vocation.
(v) Income from other sources.
(vi) Capital gains."
Sections7
ERNAKULAM
WP(C).No. 20849 of 2008(F)
1. SHANU PHILIP, VOCATIONAL INSTRUCTOR IN
... Petitioner
2. RAMESH KUMAR.P.G., VOCATIONAL INSTRUCTOR
3. ALL KERALA ... VOCATIONAL HIGHER SECONDARY
Vs
1. STATE OF KERALA, REPRESENTED BY THE
... Respondent
2. THE DIRECTOR OF VOCATIONAL HIGHER
For Petitioner :SRI.ELVIN PETER
that the
assessee was a journalist and it was his avocation or
vocation to propagate Christian ideas and ideals and that
the assessee during ... arise in the course of the exercise of
any vocation.
The Tribunal referred the matter to the High Court,
which held that the receipts
under the head "profits and gains of business,
profession or vocation" under s. 10 and that therefore, the
respondent was not entitled ... enacts that "where any business, profession or vocation on
which tax was at any time charged, it is intended that
heads, the fourth
being "profits and gains of business, profession or
vocation". Section 10(1) of the Act of 1922 taxed the
profits ... business, profession or vocation carried on by
the assessee. By section 24(1) of that Act any assessee who
sustained a loss of profits
leaching Vedanta without object of mak-
ing profit-If carrying on a vocation-Disciple making gift of
money-Whether-receipt amounts to income from vocation ... amounts received as he
was not carrying on any vocation and as the receipts were
not profits or gains.
Held that, in teaching Vedanta
embraces within its field not only vedic knowledge but also professional and vocational knowledge to make the goal of education complete by providing full knowledge ... Financial Management, Marketing Management, Accounting and Auditing Banking etc. It further provides vocational courses such as Stenography (Hindi/ English), Office Management and Secretarial Practice, Computer
