Supreme Court · 1969 INSC 153 · Decided 25 July 1969
Benaras State Bank LTD. v. Commissioner of Income-Tax, Lucknow
- Court
- Supreme Court of India
- Citation
- 1969 INSC 153 · [1970] 1 S.C.R. 669
- Case number
- CIVIL APPEAL No. 1033/1966
- Decided
- 25 July 1969
- Bench
- J.C. SHAH, V. RAMASWAMI, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 14(2)(c), 16(2)
Headnote
669 Indian Income-tax Act (II of 1922). ss. 2(14·A), 14(2)(c) and 16(2) and Adaptation of Laws Orderi 1950--Dividend inco1ne accruing in Indian State-Re.ceived within ta.r:able territories-Liability to tax. The appellant-Bank (assessee) w&s a share-holder in a company which declared a Benares in which the Bank had its registered office merged with the Indian Union on December I, 1949. Cheques for the amount ·of dividend were encashed by the assessee on December 31. 1949. The assessee's year of account \Va.)- the ca1endar year. The dividend was sought to be taxed in the
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