finding:
''....The Respondents cannot in law claim any
share of profit in terms of the two MoU's on any date ... towards loss of profit. A claim for loss of profit is different
from other claims for damages because it is towards unearned profits, which
finding:
''....The Respondents cannot in law claim any
share of profit in terms of the two MoU's on any date ... towards loss of profit. A claim for loss of profit is different
from other claims for damages because it is towards unearned profits, which
The Secretary To The Board Of Revenue, ... vs Al. Ar. Rm. Arunachalam Chettiar And ... on
premium depo
sits, unearned premium, provision for outstanding claims, provision for
taxation, proposed dividends and balance in the profit and loss account,
respectively ... representing the premium deposits, unearned premium, provision for outstanding claims, provision for taxation, proposed dividends and balance in the profit and loss account, respectively
statute book. Further, sub-cl. (2) also is concerned with profits and gains arising from the transfer by way of conversion by the owner ... retained by the owner and yields a profit when he disposes it and realises the proceeds. The unearned increment is realised at the time
The Secretary To The Board Of Revenue ... vs Al. Ar. Rm. Arunachalam Chettiar And ... on
The Secretary To The Board Of Revenue ... vs Al.Ar.Rm. Arunachalam Chettiar And ... on
amended for unearned leave on private affairs and its encashment. He further submits that extending the benefit of encashment of 50% of unearned leave ... Profit and as such, the appellants herein shall take earnest steps to extend the benefit of encashment of 50% of the unearned leave on private
under the head "Capital gains : cannot be charged on e profits accruing from the sale or transfer of an item of property merely because ... owner, but yields a profits when he disposes of its and realizes the proceeds. The unearned increment, as is it called, is realised
provision in the
Service Rules of the 2nd appellant-Board to grant unearned leave on private
affairs and that the Government had not taken ... Profit and as such, the appellants herein shall
take earnest steps to extend the benefit of encashment of 50% of the unearned
leave on private
